KBC Securities - KONINKLIJKE DSM N.V. (DSFIR) ... Morning Notes : DSFIR NA, TINC BB, ONWD BB

Report

KBC Securities

Hilde Van Boxstael ...

Sharad Kumar S.P
Thomas Vranken
Wim Hoste
Wim Lewi

Morning Notes : DSFIR NA, TINC BB, ONWD BB

: DSFIR NA, TINC BB, ONWD BB

21/10/2024 1 EN

Underlyings

KONINKLIJKE DSM N.V.

See profile

CH1216478797 Euronext Amsterdam Netherlands

ONWARD MEDICAL NV

See profile

NL0015000HT4 Euronext Brussels Netherlands

TINC Comm. VA

TINC Comm VA. Tinc Comm VA, also known as TINC, is a Belgium-based company focusing on investments in Infrastructure Asset Companies holding capitalintensive Infrastructure Assets providing services and generating cash flows of a long term sustainable nature. The Initial Investment Portfolio of the Company includes investments in over 10 Infrastructure Asset Companies holding underlying Infrastructure Assets in public private partnerships (PPP), energy and real assets in Belgium and the Netherlands, including Strorm and Brabo 1, among others. It operates through Storm Holding 4 NV.

See profile

BE0974282148 Euronext Brussels Belgium

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

See profile

Analysts

Hilde Van Boxstael

Sharad Kumar S.P

Thomas Vranken

Wim Hoste

Wim Lewi

Other Reports on these Companies

KBC Securities

Onward Medical FIRST LOOK: Grant to assess ARC-BCI in stroke patients

Onward announces a new grant from the EIC for € 6m over 5-years (of which Onward receives almost € 2m) to assess ARC-BCI in stroke patients. The grant underlines the platform potential of Onward's technologies. We continue to look out to FDA approval for Onward's first product ARC-EX, expected by YE24. We reiterate our € 9.1 TP and Buy rating.

November 19, 2024 November 19, 2024 1 EN

KBC Securities

Morning Notes : GREEN BB, SEQUA BB, UCB BB, AZE BB, ONWD BB

: GREEN BB, SEQUA BB, UCB BB, AZE BB, ONWD BB

November 19, 2024 November 19, 2024 1 EN

GlobeNewsWire

ONWARD Medical Awarded Grant to Study Potential for ARC-BCI Therapy to Restore Movement after Stroke

ONWARD Medical Awarded Grant to Study Potential for ARC-BCI Therapy to Restore Movement after Stroke Grant supports the first clinical trials studying the potential for brain-computer interface (BCI) and artificial intelligence (AI) technology to restore thought-driven movement after stroke Funding also supports technology development of ARC-BCI System and ARC-IM Lead Approximately 15 million people worldwide experience a stroke each year EINDHOVEN, the Netherlands, Nov. 19, 2024 (GLOBE NEWSWIRE) -- ONWARD Medical N.V. (Euronext: ONWD), the medical technology company ...

November 19, 2024 November 19, 2024 1 EN

Bekaert Feedback conference call

Below is the feedback from the 3Q conference call. Bekaert lowered its FY guidance to an uEBIT range of 340-350m, which at midpoint is c. 9% below our forecast (378m) and 8% below consensus (373m), reflecting weaker end markets. Importantly and taking into account the solid balance sheet (net debt/EBITDA below 1x) and limited recent M&A activity, Bekaert announced to immediately resume share buybacks and launched a € 200m (>10% of current market cap) SBB program, to be executed over the next 24 months. Despite the reduced FY guidance which will prompt a revision of our forecasts, we welcome th...

November 22, 2024 November 22, 2024 1 EN

Jacob Mekhael

Jacob Mekhael

Inventiva FIRST LOOK: 3Q24 update holds no surprises, NATiV3 timelines reiterated

Inventiva provided a 3Q24 update which holds no surprises, reporting a cash position of € 13.9m. Following the € 94m in gross proceeds from the tranched equity raise (up to € 348m) announced in October 2024 and € 10m milestone from China partner CTTQ, Inventiva has a cash runway until the end of 2Q25 – this can be further extended with subsequent tranches based on certain conditions being met. With the financing overhang lifted, the focus is on recruitment for the phase 3 (NATiV3) trial of lanifibranor in NASH/MASH, where last screening and randomisation continue to be guided for YE24, and 1H...

November 22, 2024 November 22, 2024 1 EN

Sharad Kumar S.P

Sharad Kumar S.P

Ackermans & van Haaren 3Q FY24: Major Participations Continue To Post Robust Results

The private banking division continued to post robust results with AuM rising 12.1% to a record high of €73.1b while gross inflows stood at €5.1b. These figures do not include AuM upticks from the acquisitions of Box Consultants and Dierickx Leys – these will show up in 4Q FY24 and 1H FY25 respectively. Yesterday, AvH published its updated shareholder arrangement with the Delen family that implied a transfer price of 15x PE + 50.0% of excess equity, implying a value of €4.0b+ (vs. ~€3.0b KBCSe). DEME's sales came in at €1.1b, up 34.8% YoY, driven by strong demand across all contracting segment...

November 22, 2024 November 22, 2024 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Morning Notes : DSFIR NA, TINC BB, ONWD BB

We are a financial services provider for several types of professional clients, each with distinct needs.

Onward Medical FIRST LOOK: Grant to assess ARC-BCI in stroke patients

Morning Notes : GREEN BB, SEQUA BB, UCB BB, AZE BB, ONWD BB

ONWARD Medical Awarded Grant to Study Potential for ARC-BCI Therapy to Restore Movement after Stroke

Bekaert Feedback conference call

Inventiva FIRST LOOK: 3Q24 update holds no surprises, NATiV3 timelines reiterated

Ackermans & van Haaren 3Q FY24: Major Participations Continue To Post Robust Results

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe