KBC Groupe: Résultat du deuxième trimestre: 1 018 millions d'euros Aperçu KBC Groupe (consolidé, IFRS)2TR20251TR20252TR20241S20251S2024Résultat net (en millions d'EUR)1 0185469251 5641 431Bénéfice de base par action (EUR)2,501,322,253,823,44Ventilation du résultat net, par division (en millions d'EUR) Belgique607281519888761République tchèque240207244447441Marchés internationaux237135224372370Centre de groupe-65-77-61-143-141Capitaux propres des actionnaires de la société mère par action (en EUR, fin de période)58,958,853,258,953,2 "Nous avons enregistré un exc...
KBC Group: Second-quarter result of 1 018 million euros KBC Group – overview (consolidated, IFRS)2Q20251Q20252Q20241H20251H2024Net result (in millions of EUR)1 0185469251 5641 431Basic earnings per share (in EUR)2.501.322.253.823.44Breakdown of the net result by business unit (in millions of EUR) Belgium607281519888761Czech Republic240207244447441International Markets237135224372370Group Centre-65-77-61-143-141Parent shareholders’ equity per share (in EUR, end of period)58.958.853.258.953.2 ‘We recorded an excellent net profit of 1 018 million euros in the second quarter of 2...
KBC Groep: Resultaat tweede kwartaal van 1 018 miljoen euro KBC Groep – overzicht (geconsolideerd, IFRS)2KW20251KW20252KW20241H20251H2024Nettoresultaat (in miljoenen euro)1 0185469251 5641 431Gewone winst per aandeel (in euro)2,501,322,253,823,44Nettoresultaat per divisie (in miljoenen euro) België607281519888761Tsjechië240207244447441Internationale Markten237135224372370Groepscenter-65-77-61-143-141Eigen vermogen van de aandeelhouders per aandeel (in euro, per einde periode)58,958,853,258,953,2 “We boekten een uitstekende nettowinst van 1 018 miljoen euro in het tweede kwart...
Tencent will release its 2Q25 results on 13 Aug 25. We forecast its 2Q25 revenue growing 11.5% yoy, driven by resilient game grossing and online ad revenue growth. We like Tencent as it is a key proxy for benefitting from the online games sector’s countercyclical resilience feature and the accelerating adoption of AI which has played a role in enhancing cost efficiency and boosting game development productivity. Maintain BUY with a target price of HK$650.00.
KEY HIGHLIGHTS Strategy China & Hong Kong Property The 30 Jul Politburo meeting emphasised strict controls on hidden government debt and high-quality/prudent urban renewal. CR Land’s acquisition of two prime residential projects in Shanghai (Rmb24.5b) highlights opportunities for SOE developers as LGFVs divest assets under stricter oversight. While Tier 1 and 2 cities show further sales weakness, Hong Kong is progressing with destocking, with potential changes to ease capital transfers for mai...
GREATER CHINA Strategy China & Hong Kong Property: CR Land’s acquisition of Shanghai projects points to further consolidation towards SOEs; potential easing of capital transfer will be key focus for Hong Kong market. Results Launch Tech (2488 HK/NOT RATED/HK$12.03): 1H25: Robust overseas and software business growth; step-up in dividend. Update Tencent Holdings (700 HK/BUY/HK$559.00/Target: HK$650.00): 2Q25 results preview: Strong game pipeline and AI-powered adtech as key catalysts. INDONESIA ...
GREATER CHINA Strategy Alpha Picks: August Conviction Calls: Add JBM Healthcare and Lenovo to our BUY list. Take profit on CATL, Han’s Laser, KE Holdings and Longfor. INDONESIA Strategy Alpha Picks: Underperformance In July: Our new Alpha Picks are ASSA, AKRA, ARCI, BBNI, KLBF, MTEL, and MYOR. MALAYSIA Strategy Alpha Picks: Some Opportunities Amid A “Summer Lull”: Our July 25 Alpha Picks outperformed. Aug 25 picks: Coraza, Eco World, Gamuda, Hume Cement, IJM, Inari, RHB and Zetrix. SINGAPORE ...
In July, the HSI and MSCI China index extended their growths, rising 2.9% mom and 4.5% mom respectively to reach their peak on 24 July before pulling pack in the latest week, as investors tend to take profit after the Politburo announcement. With another 90-day tariff delay from the US, we maintain a positive outlook for leading domestic stocks in healthcare and IT. New additions to our BUY list are JBM Healthcare and Lenovo. We take profit on CATL, Han’s Laser, KE Holdings and Longfor.
KBC Group: KBC remains well-capitalised under 2025 EU-wide EBA stress test KBC notes the announcements made today by the European Banking Authority (EBA) regarding the results of the 2025 EU-wide stress test. A brief on the KBC data is available at . Under the base scenario of the stress test, KBC's fully loaded Common Equity Tier-1 (CET1) ratio (Basel IV restated) of 14.56% at year-end 2024 increases by 2.66 percentage points to 17.22% at year-end 2027. Under the adverse scenario, KBC’s fully loaded CET1 ratio would fall by 2.73 percentage points to 11.82% at year-end 2027, which is sign...
KBC Groupe: KBC reste bien capitalisé selon le test de résistance 2025 mené par l'ABE à l'échelle de l'UE KBC prend note de l'annonce faite aujourd'hui par l'Autorité bancaire européenne (ABE) concernant les résultats du test de résistance 2025 mené à l'échelle de l'UE. Une brève relatives à KBC est disponible sur . Dans le scénario de base du test de résistance, le ratio Common Equity Tier-1 (CET1) à pleine charge (Bâle IV retraité) de KBC de 14,56% à la fin de l'année 2024 augmenterait de 2,66 points de pourcentage, à 17,22%, à la fin de l'année 2027. Dans le scénario défavorable, le ra...
KBC Groep: KBC blijft goed gekapitaliseerd volgens de Europese stresstest 2025 van de EBA KBC meldt dat de Europese Bankautoriteit EBA vandaag de resultaten bekendmaakte van de Europese stresstest voor 2025. Een beknopte van de gegevens van KBC vindt u op . In het basisscenario van de stresstest stijgt de fully loaded Common Equity Tier-1 (CET1)-ratio (aangepast aan Basel IV) van KBC van 14,56% eind 2024 met 2,66 procentpunten tot 17,22% eind 2027. In het ongunstige scenario zou de fully loaded CET1-ratio van KBC dalen met 2,73 procentpunten tot 11,82%. Dit is significant beter dan de imp...
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