reports
Acomo NV: 1 director
A director at Acomo NV maiden bought 11,500 shares at 17.560EUR and the significance rating of the trade was 80/100. 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
- Reg Watson
- CFA
Acomo/I should cocoa/BUY
We update our Acomo forecasts to account for the 10-month trading update and the latest moves in commodity prices. Due to the significant volume and margin declines in the Organic Ingredients segment, we reduce our 2023F adjusted EBITDA forecast by 12% and our 12-month target price by 15% to €21.63.
- Reg Watson
- CFA
Acomo/Spicing up your life/BUY
We update our Acomo forecasts to account for 2022 results and the latest moves in commodity prices, which have started to decline. Despite the price declines, we maintain our 12-month target price of €25.58 and our BUY rating as we expect Acomo to provide investors with a 25.6% total return over the next 12 months. Erratum for report dated 8 March in which 2022A results had not added back depreciation which affected EBITDA lines and below
- Reg Watson
- CFA
Acomo/Spicing up your life/BUY
We update our Acomo forecasts to account for 2022 results and the latest moves in commodity prices, which have started to decline. Despite the price declines, we maintain our 12-month target price of €25.58 and our BUY rating as we expect Acomo to provide investors with a 25.5% total return over the next 12 months.
- ING Helpdesk
- ING Helpdesk
Benelux Morning Notes
Acomo: Busting a nut. DWS: Holding out for a Hero. Euronext: Calmer waters. Fugro: Refinancing and half year results. Heijmans: Preview; strong 1H but Dutch housing market cooling. Randstad: EBITA in line but underlying bit mixed; outlook 3Q22 seems below consensus. Sofina: Perturbing volatility necessitates purpose and patience. Unilever: Beats and raises
Increased risk weighs on AMSTERDAM COMMODITIES, penalising its rating...
The independent financial analyst theScreener just lowered the general evaluation of AMSTERDAM COMMODITIES (NL), active in the Food Products industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date March 22, 2022, the clo...
- ING Helpdesk
- ING Helpdesk
Benelux Morning Notes
AB InBev: Taking the rough with the smooth. Acomo: Fort-ifying the C-suite. AMG: 3Q21 miss but guidance maintained. FY2021 consensus remains feasible. Arcadis: Solid and with more to come. ArcelorMittal: 8% EBITDA beat, US$2.2bn more cash returned. Atenor: Sale of Hermes Business Campus. Cofinimmo: Strong results, stronger guidance. Fastned: Competitor Allego lists via SPAC. Fugro: Has growth definitively returned? Ontex: Turning the corner. Ordina: 2Q21 results, signi...
FUR FUGRO NV CERT OF SHS
SOLB SOLVAY SA
UCB UCB S.A.
ACOMO AMSTERDAM COMMODITIES N.V.
COFB COFINIMMO SA
ORDI ORDINA N.V.
ARCAD ARCADIS NV
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
ONTEX ONTEX GROUP N.V.
ATEB ATENOR S.A.
RDSB ROYAL DUTCH SHELL PLC CLASS B
ABI ANHEUSER-BUSCH INBEV SA/NV
MTL ARCELORMITTAL
FAST FASTNED
- ING Helpdesk
Benelux Morning Notes
Accell: Pricing power. Acomo: Tradin well. Aedifica: New projects delivered. Basic-Fit: 1H21 review – strong membership ingrowth, club roll-out to accelerate in 2022. Econocom: Notable jump in profitability, on still weaker sales. Flow Traders: Bright spots in EMEA despite normalising volatility. KPN: 2Q21 preview. Signify: 2Q21 not as strong as expected. Sofina: Newsletter 8 characterized by high valuations.
- ING Helpdesk
- ING Helpdesk
- ING Helpdesk
- ING Helpdesk
Benelux Morning Notes
Accell: Strong set of 1H20 results. Acomo: No fuss, no drama. Orange Belgium: 9% EBITDAal beat on lower costs, EBITDal guidance maintained. Proximus: 2Q20 preview. Royal Dutch Shell: A painful quarter and the largest write-down ever. Signify: Significant beat vs expectations in 2Q20. Telenet Group: 2Q20 preview
- MarketLine Department
Olam International Ltd - Strategy, SWOT and Corporate Finance Report
Summary Olam International Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Olam International Ltd (Olam) engages in processing and distributing agricultural products and food ingredients. The company is involved in sourcing, primary processing, packaging and m...
- Albert Ploegh
- CEFA
- David Vagman
- CFA
- Hans D’Haese
- Marc Hesselink
- CFA
- Marc Zwartsenburg
- CEFA
- Maxime Stranart
- Quirijn Mulder
- Reginald Watson
- CFA
- Stijn Demeester
- Tijs Hollestelle
Benelux thematic equity research/Covid-19 scenario analysis
The ING Benelux equity research team has performed a Covid-19 scenario analysis in order to provide a reference point for investors and to test if stocks: (a) have been relatively oversold in comparison to their earnings risk; (b) still provide downside risk; and/or have balance issues in a Covid-19 scenario; and (c) could bounce sharply if a vaccine is found; or (d) benefit relatively from the crisis. Our analysis results in lists of stocks that we consider: (1) low earnings risk, with attracti...
DSM KONINKLIJKE DSM N.V.
HEIA HEINEKEN NV
ENX EURONEXT NV
NVJP UMICORE
PROX PROXIMUS SA DE DROIT PUBLIC
APAML APERAM SA
KPN ROYAL KPN NV
COV COVIVIO SA
GFC GECINA SA
600690 HAIER SMART HOME CO. LTD. CLASS A
TOM2 TOMTOM NV
AKU1 AKZO NOBEL N.V.
GBLB GROUPE BRUXELLES LAMBERT SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
BEFB BEFIMMO SA
AGN AEGON NV
KBC KBC GROUP N.V.
TNET TELENET GROUP HOLDING NV
FUR FUGRO NV CERT OF SHS
WHA WERELDHAVE N.V.
A14V70 FLOW TRADERS NV
PHIA KONINKLIJKE PHILIPS N.V.
FAGR FAGRON SA
WKL WOLTERS KLUWER NV
INTO INTERVEST OFFICES & WAREHOUSES SA
EVS EVS BROADCAST EQUIPMENT SA
BAR BARCO NV
LEAS LEASINVEST REAL ESTATE SCA
HOMI HOME INVEST BELGIUM SA
BSI BE SEMICONDUCTOR INDUSTRIES N.V.
RAND RANDSTAD NV
A2JH5S UNIBAIL-RODAMCO SE
EXM EXMAR N.V.
TESB TESSENDERLO GROUP N.V.
XIOR XIOR STUDENT HOUSING N.V.
BAMNB KONINKLIJKE BAM GROEP NV
BOKA KONINKLIJKE BOSKALIS WESTMINSTER N.V.
SOLB SOLVAY SA
UCB UCB S.A.
AF AIR FRANCE-KLM SA
CLB CORE LABORATORIES NV
ACOMO AMSTERDAM COMMODITIES N.V.
REN RELX NV
COFB COFINIMMO SA
LOTB LOTUS BAKERIES NV
CFEB COMPAGNIE D'ENTREPRISES CFE SA
REC RECTICEL SA
IMMO COMPAGNIE IMMOBILIERE DE BELGIQUE SA
DECB DECEUNINCK S.A.
ECMPA EUROCOMMERCIAL PROPERTIES NV
SIP SIPEF GROUP
VASTN VASTNED RETAIL NV
SIOE SIOEN INDUSTRIES N.V.
ASM ASM INTERNATIONAL N.V.
GIMB GIMV NV
ORDI ORDINA N.V.
NIUWF NSI NV
RET RETAIL ESTATES NV
QFG QUEST FOR GROWTH
AGFB AGFA-GEVAERT NV
IBAB ION BEAM APPLICATIONS SA
WDP WAREHOUSES DE PAUW SCA
ACKB ACKERMANS & VAN HAAREN NV
VLK VAN LANSCHOT KEMPEN NV CERT. OF SHS
ARCAD ARCADIS NV
ACCEL ACCELL GROUP N.V.
ELI ELIA GROUP SA/NV
DWNI DEUTSCHE WOHNEN SE
MONT MONTEA SCA
AED AEDIFICA SA
SLIGR SLIGRO FOOD GROUP N.V.
KENDR KENDRION NV
AALB AALBERTS N.V.
KBCA KBC ANCORA SCA
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
LEG LEG IMMOBILIEN AG
BPOST BPOST SA
ONTEX ONTEX GROUP N.V.
ADJ ADLER GROUP SA
MITRA N.V. MITHRA PHARMACEUTICALS S.A.
LIGHT SIGNIFY NV
MELE MELEXIS NV
BBED BETER BED HOLDING N.V.
ASC ASCENCIO SCA
TWEKA TKH GROUP N.V. CERT
VGP VGP NV
COL INMOBILIARIA COLONIAL SOCIMI SA
LRE LAR ESPANA REAL ESTATE SOCIMI SA
INX IMCD N.V.
MERLIN MERLIN PROPERTIES SOCIMI S.A.
GVNV GRANDVISION NV
CRES COIMA RES S.P.A.
RDSB ROYAL DUTCH SHELL PLC CLASS B
ABI ANHEUSER-BUSCH INBEV SA/NV
KVW KONINKLIJKE VOLKERWESSELS N.V.
AVTX AVANTIUM NV
OBEL ORANGE BELGIUM SA
BALTA BALTA GROUP
NIBC NIBC HOLDING N.V.
BSGR B&S GROUP S.A.
AC8 AUSCANN GROUP HOLDINGS
MTL ARCELORMITTAL
3NY1 NYRSTAR
VONOVIA SE
FNG FNG NV
53812 AGEAS N.V.
DWS0D2 DWS AKTIEN SCHWEIZ
ARM ARIMA REAL ESTATE SOCIMI SA
AL8 ALDERAN RESOURCES
MARELE INVERSIONES S.A.
- ING Helpdesk
- Reginald Watson
- CFA
Acomo/Spice up your life/BUY
We update our Acomo forecasts to account for the latest moves in commodity prices, which have broadly stabilised. As a result, we raise our 12-month target price from €23.86 to €25.58 and maintain our BUY rating as we expect Acomo to provide investors with a 31% total return over the next 12 months.
- ING Helpdesk
- Marc Zwartsenburg
- CEFA
ING Benelux equities screening/Coronavirus impact
The coronavirus continues to dominate the news headlines and in terms of number of infections has already exceeded the SARS number from 2003. What the impact will be on equity prices is uncertain and very much dependent on how rapidly the virus can be controlled and contained. Meantime, the measures being taken to control the spread are hitting world trade. Although the SARS outbreak saw only a temporary and limited impact, we feel with: (1) China now much more dominant in world trade; (2) faste...
DSM KONINKLIJKE DSM N.V.
HEIA HEINEKEN NV
NVJP UMICORE
PROX PROXIMUS SA DE DROIT PUBLIC
APAML APERAM SA
KPN ROYAL KPN NV
TOM2 TOMTOM NV
AKU1 AKZO NOBEL N.V.
GBLB GROUPE BRUXELLES LAMBERT SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
AGN AEGON NV
KBC KBC GROUP N.V.
TNET TELENET GROUP HOLDING NV
FUR FUGRO NV CERT OF SHS
A14V70 FLOW TRADERS NV
PHIA KONINKLIJKE PHILIPS N.V.
FAGR FAGRON SA
EVS EVS BROADCAST EQUIPMENT SA
BAR BARCO NV
BSI BE SEMICONDUCTOR INDUSTRIES N.V.
RAND RANDSTAD NV
EXM EXMAR N.V.
BAMNB KONINKLIJKE BAM GROEP NV
BOKA KONINKLIJKE BOSKALIS WESTMINSTER N.V.
SOLB SOLVAY SA
AF AIR FRANCE-KLM SA
CLB CORE LABORATORIES NV
ACOMO AMSTERDAM COMMODITIES N.V.
LOTB LOTUS BAKERIES NV
CFEB COMPAGNIE D'ENTREPRISES CFE SA
REC RECTICEL SA
DECB DECEUNINCK S.A.
SIOE SIOEN INDUSTRIES N.V.
ASM ASM INTERNATIONAL N.V.
GIMB GIMV NV
ORDI ORDINA N.V.
AGFB AGFA-GEVAERT NV
IBAB ION BEAM APPLICATIONS SA
ACKB ACKERMANS & VAN HAAREN NV
ARCAD ARCADIS NV
ACCEL ACCELL GROUP N.V.
ELI ELIA GROUP SA/NV
SLIGR SLIGRO FOOD GROUP N.V.
KENDR KENDRION NV
AALB AALBERTS N.V.
KBCA KBC ANCORA SCA
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
BPOST BPOST SA
ONTEX ONTEX GROUP N.V.
LIGHT SIGNIFY NV
MELE MELEXIS NV
BBED BETER BED HOLDING N.V.
TWEKA TKH GROUP N.V. CERT
INX IMCD N.V.
RDSB ROYAL DUTCH SHELL PLC CLASS B
ABI ANHEUSER-BUSCH INBEV SA/NV
TKWY JUST EAT TAKEAWAY.COM N.V.
KVW KONINKLIJKE VOLKERWESSELS N.V.
AVTX AVANTIUM NV
OBEL ORANGE BELGIUM SA
BALTA BALTA GROUP
NIBC NIBC HOLDING N.V.
BSGR B&S GROUP S.A.
AC8 AUSCANN GROUP HOLDINGS
FNG FNG NV
53812 AGEAS N.V.
MARELE INVERSIONES S.A.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.