reports
Benelux Morning Notes
Company comments AEGON: Objective is to release capital from Dutch business not to inject a.s.r.: Comfortably navigating through low interest rates environment Econocom: Final H1 quality unsupportive, FY guidance again confirmed Gimv: €10m investment in ophthalmic implants KAS BANK: Records weak earnings amidst the CACEIS's public offer in progress PostNL: As expected ACM does not approve merger with Sandd according to Dutch press
- Albert Ploegh
- CEFA
KAS BANK/With one's head held high/HOLD
We believe the cash offer of €12.75 per share by CACEIS is very compelling, securing shareholder value that KAS BANK stand-alone is not able to deliver in the medium term. Stand-alone the transformation of KAS BANK requires investments and in combination with operating income headwinds results in a low level of absolute net profit. This limits scope to pay an attractive dividend in the medium term, a key pillar of the investment case. Moreover, the strategic transition is not without risk in a...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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