Holdings Report - January 2025 KBCS Holdings Universe Returns 3.1% Dur...

1M Performance - Absolute: During Jan'25 (1M period), the KBCS Holdings Universe posted a return of +3.1% which was mainly driven by multi-asset holdings (+3.3%) while single-asset holdings posted a slightly lower return of +2.7%. The 3 top performers during the period were Sofina (+10.6%), Financière de Tubize (+7.5%) and Whitestone Group (+6.4%) while the 3 worst performers were Gimv (-2.0%), The Infrastructure Company (TINC; -3.4%) and Texaf (-5.1%). YTD Performance - Relative: On a YTD bas...

Morning Notes : ACKB BB, ADYEN NA, ARCAD NA, DSFIR NA, EXM BB, FLOW NA...

: ACKB BB, ADYEN NA, ARCAD NA, DSFIR NA, EXM BB, FLOW NA, GLPG NA, SIP BB, ALFEN NA

Benelux Morning Notes

Arcadis: Good outlook expected. CM.com: Preview FY24. D'Ieteren: First look at consensus for 2024 and 2025. Euronext: 4Q24 Preview. Proximus: CEO departure, potential changes in governance and strategy. Staffing: US temp vol stable and weak in January, NFP jobs miss but better than feared. Talabat: 4Q24 preview, maiden results should be good. Wolters Kluwer: To acquire Registered Agent Solutions

Dynamic Top Pick List We stick to our selection : No changes in this F...

We stick to our selection : No changes in this February update of our Dynamic Top Pick List. The 13 names are : ABN Amro, Ackermans & van Haaren, Bekaert, D'Ieteren, EVS Broadcast Equipment, Fagron, Fugro, Gimv, Melexis, Shurgard, Sofina, Warehouses De Pauw and Xior. So we continue with 7 cyclical and 6 defensive stocks in our Dynamic Top Pick List with a focus on value stocks that have been left behind. Defensive segment like holdings are overweight, as well as Real-estate that should benefit ...

Benelux Morning Notes

Belgium: New govt - positive on LT growth, 2025-26 could be more difficult. BNP Paribas: 4Q24 results above consensus estimates in Belgium. D'Ieteren: Belgian car registrations down 13%, 79% of 2019 level, VW down 25%. Fagron: Accretive bolt-on deal in the Iberian market. TomTom: 4Q24 results - No FCF in the near-term. Xior Student Housing: Focus on organic growth and developments for FY25

Benelux Morning Notes

Basic-Fit: ING Benelux Favourite – A year for the shareholder? D'Ieteren: ING Benelux Favourite – Deal digested, on to the CMD. dsm-firmenich: ING Benelux Favourite – Animal Spirit. EVS: Seizing the moment, strong 2025 ahead. Fagron: ING Benelux Favourite – A re-rating due. SBM Offshore: Strong exploration demand, sound cash flow. Universal Music Group: Signs new Spotify multiyear agreement aligning to Streaming 2.0. Xior Student Housing: A re-rating story

ING Benelux Favourites/Aalberts, ASM, Basic-Fit, D'Ieteren, dsm-firmen...

We refresh our ING Benelux Favourites list. We still apply a fundamental bottom up approach in which we select stocks that provide the best (relative) upside within our Benelux coverage universe and these stocks need clear catalysts. Besides this, we screen the ING Benelux coverage on some key investment themes that are topical and which could affect earnings potential and thus a stock's share price performance: (1) impact of Trump's return to the White House and his key topics on the political ...

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

Holdings Report - December 2024 KBCS Holdings Universe Returns -3.1% d...

1M Performance - Absolute: During Dec'24 (1M period), the KBCS Holdings Universe posted a return of -3.2% which was mainly driven by multi-asset holdings (-4.3%) while single-asset holdings posted a significantly less negative return of -0.6%. The 3 top performers during the period were D'Ieteren Group (+26.6%), Compagnie du Bois Sauvage (+7.0%) and KBC Ancora (+7.0%) while the 3 worst performers were Exor (-5.4%), Heineken Holding (-3.6%) and Gimv (-1.1%). FY24 Performance - Relative: During ...

D`ieteren Group: 1 director

A director at D`ieteren Group bought 1,820 shares at 164.492EUR and the significance rating of the trade was 79/100. 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...

Dynamic Top Pick List How to start 2025?

On this Friday the 13th we select for you 13 stocks to start 2025 with a bang : ABN Amro, Ackermans & van Haaren, Bekaert, D'Ieteren, EVS, Fagron, Fugro, Gimv, Melexis, Shurgard, Sofina, WDP and Xior However, we maintain a defensive stance in our Benelux selection at the start of 2025.. The long anticipated interest rate cuts by central banks are expected to continue their decline into 2025 (see graph above). However, the Trump election victory in the US hits European stocks even before he tak...

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

D'Ieteren Special General Meeting Approves extraordinary dividend of €...

On Friday, D'Ieteren Group's special general meeting approved the distribution of an extraordinary gross dividend of € 74 per ordinary share and € 9.25 per profit share. D'Ieteren Group will go ex-dividend on 10 December 2024, with the record date on 11 December 2024. Payment of the dividend will take place as from 12 December 2024. Deducting the dividend from our valuation, we derive a post-dividend SOTP valuation of € 281ps. After applying a 20% holding discount, we derive a new TP of € 225ps....

Holdings Report - November 2024 KBCS Holdings Universe Returns -3.6% D...

1M Performance - Absolute: During Nov'24 (1M period), the KBCS Holdings Universe posted a return of -3.6% which was mainly driven by single-asset holdings (-6.9%) while multi-asset holdings posted a slightly less negative return of -2.2%. The 3 top performers during the period were D'Ieteren Group (+5.4%), Gimv (+5.1%) and KBC Ancora (+0.6%) while the 3 worst performers were Compagnie du Bois Sauvage (-10.1%), Heineken Holding (-9.6%) and Quest For Growth (-7.5%). YTD Performance - Relative: O...

Benelux Morning Notes

D'Ieteren: Belgian Nov car registrations down 15.3%, VW down 28% on tough comps. Dutch insurance – maths on buyouts post Achmea Life JV with Sixth Street

Benelux Morning Notes

Ageas: Circling around Direct Line, Aviva edges ahead. D'Ieteren: TVH distribution footprint restructured in Belgium. Dutch insurance - Achmea Life JV with PE firm, aiming to take 20% of Dutch buyouts. Elia: FY24 guidance up. Prosus: 1H25 Preview. Renewi: Macquarie is back. Sif Group: First monopile rolls out of new factory

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/27/2024

HAL Trust : Another strong quarter, but not yet reflected in share pri...

Morning Notes : CMBT BB, HAL NA, SEQUA BB, SHUR BB, TKWY NA

: CMBT BB, HAL NA, SEQUA BB, SHUR BB, TKWY NA

Benelux Morning Notes

Aalberts: highlights ING Benelux Conference Brussels 2024, Ackermans & Van Haaren: Highlights ING Benelux Conference Brussels,Ackermans & Van Haaren: Strong operational performance of underlying companies and guidance fine-tuned upwards, AMG: Highlights ING Benelux Conference Brussels, Aperam: Highlights ING Benelux Conference Brussels, Arcadis: Highlights ING Benelux conference, Azelis: Highlights ING Benelux Conference Brussels, Bekaert: Guidance cut and €200m buyback as sweetener, CFE: No new...