Bpost is engaged in the provision of national and international mail and parcels services comprising the collection, transport, sorting and distribution of addressed and non-addressed mail, printed documents, newspapers and parcels. In addition, through its subsidiaries and business units, Co. sells a range of other products and services, including postal, parcels, banking and financial products, express delivery services, document management and related activities. Co. operates through two business units: the Mail & Retail Solutions and the Parcels & International.
  • TickerA1W0FA
  • ISINBE0974268972
  • ExchangeEuronext Brussels
  • SectorIndustrial Transportation
  • CountryBelgium

Analysts

Ruben Devos

Morning Note: BPOST BB

bpost: Looking for a new top executive

Ruben Devos

Morning Note: BPOST BB, TWEKA NA

bpost: 2019 guidance in sight but 2020 prospects doubtful TKH Group: H1 results and FY outlook below expectations

ING
Marc Zwartsenburg, CEFA

bpost/Some headroom created for 2019 outlook/HOLD

We keep our HOLD rating but slightly fine-tune our DCF derived TP from €8.00 to €8.25 due to the raised estimates for 2019. Although the beat on the 2Q19 results provide headroom for the FY19 guidance and our previous estimates, we do believe visibility on costs phasing in 2H19 and beyond is low. In our view the positives of better-than-expected order intake at Radial and strong Parcel volumes might still be offset by disappointing mail volume declines. Thus our estimates beyond 2019 remain virtually unchanged, which implies that we still expect EBIT and the dividend to slide further unless we...

ING
Research Department

Benelux Morning Notes

Adecco: 2Q19 results beat +3.9%; revenue trend stable into 3Q as seen at Randstad. Ahold Delhaize: Comforting conference call on FCF guidance, food retail still challenging. bpost: strong 2Q19 beat partly due to cost phasing; Parcels strong, Mail volumes weak. Euronav: Harsh environment but IMO2020 not far away. KBC: Too early to provide guidance for 2020 NII, CET1 ratio 30bp ahead of expectations. SBM Offshore: Results solid, raising guidance

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur

Morning Note; AGS BB, BPOST BB, EURN BB, MITRA BB, PROX BB, SBMO NA, SLIGR NA

Ageas: Asia provides continues support for earnings BinckBank: Saxo Bank completes the acquisition of BinckBank bpost: Mixed Q2 results, mail volume decline “up to 9%” Euronav: Results better than expected in anticipated weak Q2 Mithra: Estelle under IP in JP for dysmenorrhea Proximus: 2Q19 review - Downside risks outweigh the upside SBM Offshore: Results in line, guidance upgraded Sligro: Soft 2Q, capped growth and slower margin recovery

Ruben Devos

Morning Note: BPOST BB

bpost: Looking for a new top executive

Ruben Devos

Morning Note: BPOST BB, TWEKA NA

bpost: 2019 guidance in sight but 2020 prospects doubtful TKH Group: H1 results and FY outlook below expectations

ING
Marc Zwartsenburg, CEFA

bpost/Some headroom created for 2019 outlook/HOLD

We keep our HOLD rating but slightly fine-tune our DCF derived TP from €8.00 to €8.25 due to the raised estimates for 2019. Although the beat on the 2Q19 results provide headroom for the FY19 guidance and our previous estimates, we do believe visibility on costs phasing in 2H19 and beyond is low. In our view the positives of better-than-expected order intake at Radial and strong Parcel volumes might still be offset by disappointing mail volume declines. Thus our estimates beyond 2019 remain virtually unchanged, which implies that we still expect EBIT and the dividend to slide further unless we...

ING
Research Department

Benelux Morning Notes

Adecco: 2Q19 results beat +3.9%; revenue trend stable into 3Q as seen at Randstad. Ahold Delhaize: Comforting conference call on FCF guidance, food retail still challenging. bpost: strong 2Q19 beat partly due to cost phasing; Parcels strong, Mail volumes weak. Euronav: Harsh environment but IMO2020 not far away. KBC: Too early to provide guidance for 2020 NII, CET1 ratio 30bp ahead of expectations. SBM Offshore: Results solid, raising guidance

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur

Morning Note; AGS BB, BPOST BB, EURN BB, MITRA BB, PROX BB, SBMO NA, SLIGR NA

Ageas: Asia provides continues support for earnings BinckBank: Saxo Bank completes the acquisition of BinckBank bpost: Mixed Q2 results, mail volume decline “up to 9%” Euronav: Results better than expected in anticipated weak Q2 Mithra: Estelle under IP in JP for dysmenorrhea Proximus: 2Q19 review - Downside risks outweigh the upside SBM Offshore: Results in line, guidance upgraded Sligro: Soft 2Q, capped growth and slower margin recovery

1 director sold

A director at Bpost Sa sold 10,000 shares at 10.655EUR and the significance rating of the trade was 58/100. 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 showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alfred Glaser
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Igor Kim, CFA
  • Jean Sassus
  • Louis Boujard, CFA
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/01/2018

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alfred Glaser
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Igor Kim, CFA
  • Jean Sassus
  • Louis Boujard, CFA
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/08/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Eric Beaudet
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard, CFA
  • Olivier Lebrun
  • Pierre Tegner
  • Steven Gould
  • Sven Edelfelt
  • Valentin Pernet
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/30/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Eric Beaudet
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard, CFA
  • Olivier Lebrun
  • Pierre Tegner
  • Steven Gould
  • Sven Edelfelt
  • Valentin Pernet
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/07/2018

...

For BPOST SA, the environment deterioration entails a downgrade to Neutral

BPOST SA (BE), a company active in the Delivery Services industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date May 14, 2019, the closing price was EUR 9.88 and its expected value was estimated at EUR 9.91.

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 each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Proxy Report - 09/05/2018

ITEMS 8.1 to 8.3: it is proposed to elect candidates proposed by the Belgian State. However, names, current functions and biographies have not been released yet. Hence, ECGS cannot estimate whether they hold an excessive number of mandates. Moreover, at the end of the 2018 AGM, the board will have 12 members, including 6 non independent members, which does not respect our Guidelines which requires a majority of independent members. Hence, we cannot support these proposals. ITEM 5: it is proposed to approve to remuneration report. The company does not disclose the amount of the annual bonus b...

Valérie GASTALDY

Short term view - BPOST SA : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €16.17. The next target is at €12.24, then €11.02. Passing €16.17 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - BPOST SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 16,17 € prochainement. Le prochain objectif est à 12,24 €, puis 11,02 €. Le franchissement de 16,17 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - BPOST SA : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €16.17. The next target is at €12.24, then €11.02. Passing €16.17 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - BPOST SA : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 16,17 € prochainement. Le prochain objectif est à 12,24 €, puis 11,02 €. Le franchissement de 16,17 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse moyen terme - BPOST SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le rebond gagne en vigueur. Il est trop tôt pour parler de retournement haussier. La tendance de fond serait remise en cause en cas de franchissement de 18,40 €.

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