November 16, 2020
Thanks to economic indicators from Asia, European markets started the week on a positive note. Wall Street is expected in the green.
The main European scholarships are displayed on the rise this Monday at noon, investors putting aside their fears about the coronavirus pandemic, encouraged by the publication of positive economic indicators in Japan and, above all, in China.
Wall Street Should open in the green based on US index futures around 12:25 pm.
In Brussels, the Nice 20
was 1.37% around 12:30, with the index of continuously quoted values in tune (+ 1.55%).
This is Aperam (+ 4.5%) which is at the top of the increases within the Bel 20.
The stainless steel producer is followed by Ship (+3,4%), AB InBev (+ 2.7%) and AvH (+2,7%). Ageas, for its part, rose 2.5%. Morgan Stanley raised its price target on the insurer. Two brokers have also revised upwards their estimates on KBC (+1,5%).
Only a handful of values are in the red, including UCB (-0.8%) and argenx (-0,7%).
Excluding Bel 20, Jensen jumps 10%, AKKA Technologies by 8.8% and Kinepolis by 8.1%. The latter benefits from the comparison with a Canadian competitor who suffers more from the consequences of the health crisis than the Belgian group.
Zenitel, which is the subject of a takeover bid on the part of its reference shareholder, soars by 27% to approach the offer price. Note also the increase in post (+ 3.2%). Kepler is now aiming higher for value.
Challenge (-4,1%), Keyware (-3.6%) and Agfa (-2.9%) are at the back of the pack.
The Belgian actions briefing
: Kepler Cheuvreux reduced its target price to 125 euros, against 128.94 euros before. The recommendation remains to “buy”.
: Kepler Cheuvreux raised its price target to 10.5 euros, against 8.5 euros before. The recommendation remains to “buy”.
> The board of directors of Proximus
approved the appointment of Mark Reid as “chief financial officer”, and Antonietta Mastroianni as “chief digital & IT officer”, a new position within the executive committee. The press release.
* Berenberg raised its target price to 60 euros, against 55 euros before. The recommendation remains to “keep”.
* Mediobanca raised its price target to 56 euros, against 53 euros before. The recommendation remains at “neutral”.
: Morgan Stanley raised its price target to 47.3 euros, against 45 euros before. The recommendation remains to “overweight”.
: Morgan Stanley raised its price target to 9 euros, against 8.7 euros before. The recommendation remains at “neutral”.
> A new CRS joins Euronext Brussels. Social real estate company, Inclusion wishes to raise 60 million euros during its upcoming listing on Euronext Brussels. Our article.
> Takeover bid on the Belgian company Zenitel
. 3D, Zenitel’s reference shareholder, intends to launch a public offer for the company at a price of 22.75 euros, ie a premium of 38% compared to the last share price. Zenitel’s listing was suspended on Monday morning. Our article.
reports that Catalent has completed the acquisition of Skeletal Cell Therapy Support, the production subsidiary of Bone Therapeutics, announced on October 29, 2020. The press release.
> Kris Vansanten, Quanteus Group, other companies and individuals now hold 13.77% of the capital of Nyrstar
released its quarterly results on Friday after trading. The press release.