reports
FP TOTAL SE
EDEN EDENRED SA
EQNR EQUINOR ASA
SESGL SES SA FDR (CLASS A)
GALP GALP ENERGIA SGPS SA CLASS B
PBB DEUTSCHE PFANDBRIEFBANK AG
LXS LANXESS AG
ENI ENI S.P.A.
COTN COMET HOLDING AG
REP REPSOL SA
SAVE SAVENCIA SA
SOI SOITEC SA
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
SLIGR SLIGRO FOOD GROUP N.V.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
SAX STROEER SE & CO. KGAA
BPOST BPOST SA
MELE MELEXIS NV
TIT TELECOM ITALIA S.P.A.
RENE REDES ENERGETICAS NACIONAIS SA
SFSN SFS GROUP AG
MOB MOBILEZONE HOLDING AG
FNTN FREENET AG
IDR INDRA SISTEMAS S.A. CLASS A
SAE SHOP APOTHEKE EUROPE NV
BP. BP P.L.C.
DUE DURR AG
REY REPLY S.P.A.
VOS VOSSLOH AG
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
WAVE WAVESTONE SA
GRP GREENCOAT RENEWABLES
AG1 AUTO1 GROUP
NA9 NAGARRO
DSY DASSAULT SYSTEMES SA
ECMPA EUROCOMMERCIAL PROPERTIES NV
FUR FUGRO NV
OVH OVH GROUPE
SHEL SHELL PLC
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
ARM ARM HOLDINGS PLC
R3NK RENK GROUP AG
EXENS EXOSENS
4X0 STEYR MOTORS AG
ALHG LOUIS HACHETTE GROUP
FP TOTAL SE
EDEN EDENRED SA
EQNR EQUINOR ASA
SESGL SES SA FDR (CLASS A)
GALP GALP ENERGIA SGPS SA CLASS B
PBB DEUTSCHE PFANDBRIEFBANK AG
LXS LANXESS AG
ENI ENI S.P.A.
COTN COMET HOLDING AG
REP REPSOL SA
SAVE SAVENCIA SA
SOI SOITEC SA
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
SLIGR SLIGRO FOOD GROUP N.V.
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
SAX STROEER SE & CO. KGAA
BPOST BPOST SA
MELE MELEXIS NV
TIT TELECOM ITALIA S.P.A.
SFSN SFS GROUP AG
MOB MOBILEZONE HOLDING AG
FNTN FREENET AG
IDR INDRA SISTEMAS S.A. CLASS A
SAE SHOP APOTHEKE EUROPE NV
BP. BP P.L.C.
DUE DURR AG
REY REPLY S.P.A.
VOS VOSSLOH AG
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
WAVE WAVESTONE SA
GRP GREENCOAT RENEWABLES
AG1 AUTO1 GROUP
NA9 NAGARRO
DSY DASSAULT SYSTEMES SA
ECMPA EUROCOMMERCIAL PROPERTIES NV
FUR FUGRO NV
OVH OVH GROUPE
SHEL SHELL PLC
FLE PEGASUS ENTREPRENEURIAL ACQUISITION CO EURO BV
ARM ARM HOLDINGS PLC
R3NK RENK GROUP AG
EXENS EXOSENS
4X0 STEYR MOTORS AG
ALHG LOUIS HACHETTE GROUP
- Emmanuel Matot
- Stephane Houri
AKE ARKEMA
INFINEON INFINEON TECHNOLOGIES AG
LUFTHANSA DEUTSCHE LUFTHANSA AKTIENGESELLSCHAFT
FP TOTAL SE
VIE VEOLIA ENVIRONNEMENT SA
EDEN EDENRED SA
IPN IPSEN SA
EQNR EQUINOR ASA
SESGL SES SA FDR (CLASS A)
SREN SWISS RE AG
GALP GALP ENERGIA SGPS SA CLASS B
ENI ENI S.P.A.
01913 PRADA S.P.A.
REP REPSOL SA
SOI SOITEC SA
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
OTP OTP BANK NYRT
MELE MELEXIS NV
TIT TELECOM ITALIA S.P.A.
PRY PRYSMIAN S.P.A.
SPIE SPIE SA
FNTN FREENET AG
IDR INDRA SISTEMAS S.A. CLASS A
BP. BP P.L.C.
REY REPLY S.P.A.
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
SIGN SIG COMBIBLOC GROUP LTD
WAVE WAVESTONE SA
AG1 AUTO1 GROUP
NA9 NAGARRO
UMG UNIVERSAL MUSIC GROUP NV
DSY DASSAULT SYSTEMES SA
OVH OVH GROUPE
SHEL SHELL PLC
ARM ARM HOLDINGS PLC
EXENS EXOSENS
ALHG LOUIS HACHETTE GROUP
- Emmanuel Matot
- Stephane Houri
AKE ARKEMA
INFINEON INFINEON TECHNOLOGIES AG
LUFTHANSA DEUTSCHE LUFTHANSA AKTIENGESELLSCHAFT
FP TOTAL SE
VIE VEOLIA ENVIRONNEMENT SA
EDEN EDENRED SA
IPN IPSEN SA
EQNR EQUINOR ASA
SESGL SES SA FDR (CLASS A)
SREN SWISS RE AG
GALP GALP ENERGIA SGPS SA CLASS B
ENI ENI S.P.A.
01913 PRADA S.P.A.
REP REPSOL SA
SOI SOITEC SA
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
OTP OTP BANK NYRT
MELE MELEXIS NV
TIT TELECOM ITALIA S.P.A.
PRY PRYSMIAN S.P.A.
SPIE SPIE SA
FNTN FREENET AG
IDR INDRA SISTEMAS S.A. CLASS A
BP. BP P.L.C.
REY REPLY S.P.A.
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
SIGN SIG COMBIBLOC GROUP LTD
WAVE WAVESTONE SA
AG1 AUTO1 GROUP
NA9 NAGARRO
UMG UNIVERSAL MUSIC GROUP NV
DSY DASSAULT SYSTEMES SA
OVH OVH GROUPE
SHEL SHELL PLC
ARM ARM HOLDINGS PLC
EXENS EXOSENS
ALHG LOUIS HACHETTE GROUP
- Jerôme Bodin
- Stephane Houri
EDEN EDENRED SA
SESGL SES SA FDR (CLASS A)
SOI SOITEC SA
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
MELE MELEXIS NV
TIT TELECOM ITALIA S.P.A.
FNTN FREENET AG
IDR INDRA SISTEMAS S.A. CLASS A
REY REPLY S.P.A.
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
WAVE WAVESTONE SA
AG1 AUTO1 GROUP
NA9 NAGARRO
DSY DASSAULT SYSTEMES SA
OVH OVH GROUPE
ARM ARM HOLDINGS PLC
EXENS EXOSENS
ALHG LOUIS HACHETTE GROUP
- Pierre FerraguÊ
Bible 4Q25 - Semicap: growth outlook strengthens, but less than the do...
Today, we are publishing the Semicap Equipment section of our 30th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Automotive, Hyperscale & Cloud, Telecom Equipment, PCs, Enterprise IT, and Foundry. 4Q25 semicap revenues increased 9% QoQ led by DRAM, while China...
- Pierre FerraguÊ
Bible 4Q25 - Industrials: upcycle in full swing
Today, we are publishing the industrials section of our 30th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. Industrial semiconductor revenue growth accelerated to 23% YoY in 4Q25. Industry commentary points to continued momentum through 2026.
Soitec Secures Multi- Year Agreement to Supply POI Wafers for Skyworks...
Soitec Secures Multi- Year Agreement to Supply POI Wafers for Skyworks’ Sky5 Platform Skyworks Solutions to use Soitec’s POI wafers Bernin (Grenoble), France, March 4, 2026 -- Soitec, a world leader in the design and manufacturing of innovative semiconductor materials, today announced a multi-year agreement to secure volume production of state-of-the-art Piezoelectric-On-Insulator (POI) wafers for Skyworks Solutions. This agreement extends the long-standing relationship between the companies and ensures a reliable, long-term wafer supply to support Skyworks’ future needs. Under the agreeme...
Soitec signe un accord pluriannuel pour fournir des plaques POI destin...
Soitec signe un accord pluriannuel pour fournir des plaques POI destinées à la plateforme Sky5 de Skyworks Skyworks Solutions utilisera les plaques POI de Soitec Bernin (Grenoble), France, 5 mars 2026 -- Soitec, un leader mondial de la conception et de la production de matériaux semi-conducteurs innovants, a annoncé aujourd'hui la signature d'un accord pluriannuel visant à garantir la production de plaques POI (Piezoelectric-On-Insulator) de pointe pour Skyworks Solutions. Cet accord prolonge la relation de longue date entre les deux sociétés et garantit un approvisionnement fiable et à lo...
STMicroelectronics’ new STM32 series redefines entry-level microcontro...
STMicroelectronics’ new STM32 series redefines entry-level microcontroller performance and value for smart devices everywhere STMicroelectronics’ new STM32 series redefines entry-level microcontroller performance and value for smart devices everywhere STM32C5 with Cortex®-M33 and 40 nm for enhanced speed and Flash densityIncreased performance with cost efficiencyComprehensive ecosystem to enhance end-device capabilities and accelerate time to market Geneva, March 5, 2026 -- STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics a...
STMicroelectronics : La nouvelle série STM32 de STMicroelectronics red...
STMicroelectronics : La nouvelle série STM32 de STMicroelectronics redéfinit la performance des microcontrôleurs d'entrée de gamme pour les appareils intelligents partout dans le monde La nouvelle série STM32 de STMicroelectronics redéfinit la performance des microcontrôleurs d'entrée de gamme pour les appareils intelligents partout dans le monde. STM32C5 avec Cortex®-M33 et technologie en 40 nm pour une vitesse améliorée et une plus grande densité de mémoire FlashDes performances augmentées avec une efficacité optimale en termes de coûtsUn écosystème complet pour améliorer les capacités d...
- Marc Hesselink
- CFA
- Thymen Rundberg
Melexis/Slow start to the year/HOLD
Melexis delivered a disappointing 4Q25 update. After a guided slow start in 1Q26 we do not expect that FY26 to show meaningful growth vs FY25. Our long-term projections reflect the view that growth in Melexis' automotive semiconductor segment will be structurally lower going forward. We keep our HOLD and revise our target price downward to €50 per share (from €55).
- Marc Hesselink
- CFA
- Thymen Rundberg
ASM International/Industry outperformance at a discount/BUY
ASM provided a very solid guidance for FY26. We expect this strength to continue in subsequent years as AI strength and ongoing technology transitions are key tailwinds for ASM. We expect the company to significantly outgrow its peers. We again increase our estimates, up our DCF-based target price to €950 per share (from €900) and reiterate our BUY. ASM remains on the ING Benelux Favourites list.
- Thibault Leneeuw
ASM International Upside on FY26 estimates already reflected in the va...
We provide more colour in this note on our change in TP and recommendation following ASMi FY25 results, which were good given the improved outlook. We see upside on the FY26 estimates, yet expectations for FY27 are already high and leave little room for upside, while the valuation is also above the historical average. We derive a fair value of €658 p.s. based on our FY27 diluted EPS of € 22.1 and a PE multiple of 30x. Given the downside we reduced our recommendation this morning from Accumulate ...
- Olfa Taamallah
- Yan Derocles
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
ADS ADIDAS AG
KNIN KUEHNE & NAGEL INTERNATIONAL AG
LSEG LONDON STOCK EXCHANGE GROUP PLC
KBC KBC GROUP N.V.
BEI BEIERSDORF AG
ITRK INTERTEK GROUP PLC
ENI ENI S.P.A.
SY1 SYMRISE AG
REP REPSOL SA
ASM ASM INTERNATIONAL N.V.
ARCAD ARCADIS NV
VACN VAT GROUP AG
BP. BP P.L.C.
8TRA TRATON SE
AM DASSAULT AVIATION
SHEL SHELL PLC
- Olfa Taamallah
- Yan Derocles
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
ADS ADIDAS AG
KNIN KUEHNE & NAGEL INTERNATIONAL AG
LSEG LONDON STOCK EXCHANGE GROUP PLC
KBC KBC GROUP N.V.
BEI BEIERSDORF AG
ITRK INTERTEK GROUP PLC
ENI ENI S.P.A.
SY1 SYMRISE AG
REP REPSOL SA
ASM ASM INTERNATIONAL N.V.
ARCAD ARCADIS NV
VACN VAT GROUP AG
BP. BP P.L.C.
8TRA TRATON SE
AM DASSAULT AVIATION
SHEL SHELL PLC
Rio2 Ltd: 1 director
A director at Rio2 Ltd sold 765,700 shares at 3.802CAD and the significance rating of the trade was 69/100. 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 clearly showin...
- ING Helpdesk
Benelux Morning Notes
Aedifica and Cofinimmo: Aedifica acquires c.80% of the shares in Cofinimmo. ASM International: 4Q25 results; strong FY26 guidance. D'Ieteren: Bloomberg reports on Belron IPO, valuation above $30bn, close to $40bn. dsm-firmenich: Symrise 2025 results and guidance. Kinepolis: Feb reassures - US box office revenue up +1% YoY, France visitors up +25% YoY. KPN: Odido data breach
- Jacob Mekhael
- Lynn Hautekeete
- Michiel Declercq
- Thibault Leneeuw
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.