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ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Ackermans & van Haaren: Nextensa might aim for ‘Proximus Towers' landmark project. D'Ieteren: Auto CEO sees Belgian new car market at 420k in 2025, down 6% YoY. Fastned: Preview of 4Q24 trading update. Proximus: HQ sale likely at price materially lower than expected. Randstad: 4Q24F results due 12 Feb, consensus released, negative earnings momentum. WDP: Sizeable acquisition in Belgium

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASR: Pre earnings call - no surprises, Sol 2 market impact limited. Belgian telecoms: New Scarlet mobile offers unattractive. Staffing: French November volumes weaker; December outlook shows further weakening

Hilde Van Boxstael ... (+3)
  • Hilde Van Boxstael
  • Thomas Vranken
  • Wim Lewi
Hilde Van Boxstael ... (+3)
  • Hilde Van Boxstael
  • Thomas Vranken
  • Wim Lewi
Jacob Mekhael ... (+2)
  • Jacob Mekhael
  • Thomas Vranken

Hyloris FIRST LOOK: US deal on tranexamic acid RTU with Avenacy

Hyloris announced an exclusive license and supply agreement with Avenacy for tranexamic acid RTU in the US. The deal is set up as a profit sharing agreement with commercialisation expected to start in 2025. We reiterate our € 5 TP and Hold rating.

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

AEGON: Meeting with management: solid rationale for WFG. Belgian telecoms: Base to provide more data for the same price from Mid-January

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

CTP: Sizeable acquisition in Germany. IMCD: Two smaller life sciences acquisitions in APAC. Proximus: Merges all international activities into Proximus Global. VGP: Second closing with Saga JV

Hilde Van Boxstael ... (+5)
  • Hilde Van Boxstael
  • Michiel Declercq
  • Sharad Kumar S.P
  • Wim Hoste
  • Wim Lewi

Floridienne S.A.: 1 director

A director at Floridienne S.A. sold 2,000 shares at 510.000EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

AEGON: US WFG model in the spotlight again. BAM: Sells 50% of Invesis and tax fraud investigation finalised. Belgian Telecoms: Mobile Vikings targeting heavy data users with upgraded mobile-only offers. Universal Music Group: Acquires music services group Downtown Music for c.€737m. Events Calendar

James Ratzer ... (+2)
  • James Ratzer
  • Russell Waller

Digi (Underweight) Telenet (Underweight) Proximus (Neutral, TP: €9.2, ...

After the launch in Portugal (HERE, HERE) Digi has now launched in Belgium. We look at the tariffs in this report, and assess whether or not Digi is viable as a new entrant.

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Belgian telcos: DIGI single mobile tariff, plans 2m FTTH connections; OBEL fights back. Euronext: Election fever. TKH Group: Wins a €200m subsea contract

Michiel Declercq
  • Michiel Declercq

Proximus Digi launches in Belgium with aggressive pricing.

Yesterday, Digi officially launched its commercial offering in Belgium, including Mobile, Broadband, TV and convergent offerings. At a mobile price of € 5/month for 15GB and broadband price of € 10/month for unlimited fiber with speeds of 500Mbps, pricing of its offering is highly competitive. Note however that the broadband offering is only available in a very small part of Brussels, meaning that competition in the short term will mainly come from Mobile, where Digi has a wholesale agreement wi...

Hilde Van Boxstael ... (+3)
  • Hilde Van Boxstael
  • Kristof Samoy
  • Wim Lewi
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Aalberts: Reiterates 2026 targets, but there is more. Belgian telecoms: Digi to finally launch in Belgium tomorrow. Melexis: Small but supportive buyback

Jacob Mekhael
  • Jacob Mekhael

Hyloris Valacyclovir oral suspension deal with Rosemont, appoints new ...

Hyloris announced an exclusive license and supply agreement with Rosemont Pharmaceuticals for its Valacyclovir oral suspension in the US. In addition, the company appointed a new CFO, Christophe Maréchal, who previously served as CFO and co-CEO of Mithra. We reiterate our € 5 TP and HOLD rating.

Guy Sips ... (+7)
  • Guy Sips
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Kristof Samoy
  • Michiel Declercq
  • Thomas Vranken
  • Wim Lewi

Morning Notes : OPTI BB, DIE BB, CMBT BB, GLPG NA, HYL BB, UCB BB, CTP...

: OPTI BB, DIE BB, CMBT BB, GLPG NA, HYL BB, UCB BB, CTPNV NA

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