SES is engaged as a provider of satellite-delivered services. As a strategic management company, Co. operates through a unique network of leading satellite operators around the world. This network comprises the fully-owned SES ASTRA in Europe and SES AMERICOM in the U.S., as well as participations in regional satellite operators. SES ASTRA is European direct-to-home satellite operator. SES AMERICOM operates a fleet of 17 satellites serving the Americas, Europe and the Asia-Pacific region. AsiaSat provides transponder capacity for broadcast, broadband and telecommunications services in the Asia-Pacific region.
  • TickerSESG
  • ISINLU0088087324
  • ExchangeEuronext Paris
  • SectorMedia
  • CountryLuxembourg

Analysts

Rémi Adam

SES : Q1 in line, but group again pinned back by video division (-7.3% LFL)

>Video still under pressure (-7.3% LFL) despite mobile solutions (+8.7%) - First-quarter financial results were broadly in line with estimates even though the video division was again under intense pressure. In contrast, revenue rose sharply in the networks division thanks to mobile solutions and government services:Sales edged down by 2.3% like for like, i.e. at comparable scope and constant forex (ODDO BHF: -2.5%), to € 481m (cons. € 482m), which was fully in l...

Rémi Adam

SES : T1 en ligne mais encore pénalisé par la Vidéo (-7.3% à pcc)

>Video encore sous pression (-7.3% à pcc) malgré la mobilité (+8.7%) - SES a publié des résultats T1 globalement en ligne avec les attentes malgré un segment video encore sous forte pression et une division réseaux dynamisée par la mobilité et les services au gouvernement :Le CA recule de 2.3% à périmètre et changes constants (ODDO BHF : -2.5%) à 481 M€ (css 482 M€) totalement en ligne. Dans le détail cependant :La division Vidéo (65% du CA) voit sa croissan...

Rémi Adam

SES : Weakness in video, cautious guidance for 2019 and 2020

>Q4 sales 4% higher than forecast despite video, EBITDA in line - SES has reported its 2018 results. At first glance, they are in line, albeit marked by the weakness in video which was offset by fixed data: Sales: increase of 5.2% l-f-l and 6.5% on a reported basis (vs consensus: +2.9%).Video division (68% of sales) saw a deterioration in its underlying growth to -7.5% in Q4 (vs -3.8% in Q3), with a notable inflection in services (MX1) which were down 10.8% ...

Rémi Adam

SES : Faiblesse en video, guidance prudente sur 2019 et 2020

>CA T4 4% au-dessus des attentes malgré la video, EBITDA en ligne - SES a publié des résultats 2018 à première vue en ligne avec les attentes, marqués cependant par la faiblesse inattendue de la vidéo compensée par les données fixes : CA : en progression de 5.2% à périmètre et taux de change constants, soit une hausse de 6.5% en publié (vs consensus : +2.9%).La division Vidéo (68% du CA) a vu sa croissance sous-jacente se détériorer à -7.5% au T4 (vs -3.8% a...

Ng Adrian

SES SA

1 director sold

A director at SES Sa sold 17,676 shares at 15.600EUR and the significance rating of the trade was 71/100. 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 members...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/26/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/04/2019

...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/27/2019

This is the thirteenth update of our report on Corporate Governance large caps Europe. We have analysed 125 of the European companies covered by ODDO BHF analysts. In the Strong opportunities (1), we favour five stocks: Unibail Rodamco (Buy, target price € 190.0), AXA (Buy, target price € 28.0), Veolia (Buy, target price € 30.0), Danone (Buy, target price € 81.0) and Michelin (Buy, target price € 130.0). - Cf. report published today. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/02/2019

13ème mise à jour de notre étude Corporate Governance Large caps Europe. Nous avons étudié 125 valeurs, toutes suivies par les analystes d’Oddo BHF. Nous privilégions 5 valeurs dans les opportunités fortes : Unibail Rodamco (Achat, OC 190.0 €), AXA (Achat, OC 28.0 €), Veolia (Achat, 30.0 €), Danone (Achat, 81.0 €) et Michelin (Achat, 130.0 €). Cf. étude publiée ce matin. - ...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/26/2018

...

SES SA increases its risk exposure and slightly lowers to Neutral

SES SA (FR), a company active in the Mobile Telecommunications industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date March 1, 2019, the closing price was EUR 17.84 and its expected value was estimated at EUR 17.88.

Ng Adrian

SES SA

Ng Adrian

SES SA

Ng Adrian

SES SA

Ng Adrian

SES SA

MarketLine Department

Eutelsat Communications Group - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Eutelsat Communications Group Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Eutelsat Communications Group since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its com...

Jehanne Leroy

SES, April 04th 2019

ITEM 9: the company still refuses to disclose the individual remuneration amounts of its executives while it complies with some governance rules for companies listed in Paris (where the majority of its Fiduciary Deposit Receipts, "FDR", are traded). It is not understandable that a company, aware of the French practices and applying some of them, deliberately chooses to ignore some of the basic fair governance and fair disclosure principles.  However, we note that the Shareholders Rights Directive II ("SRD II") must be transposed by June 2019. SRD II states "Member States shall ensure that the...

Jehanne Leroy

SES, 4 Avril 2019

Comme depuis plusieurs années, Proxinvest critique le fait que la société continue à ne pas communiquer les montants individuels de rémunération attribués à ses dirigeants, alors même qu'elle indique se conformer à certaines pratiques de la place de Paris, puisque c'est là que la majorité de ses FDR (Fiduciary Deposit Receipts - certificats de dépôts fiduciaires) sont cotés. Ce manquement est sanctionné dans la résolution 9. Notons toutefois que la Directive Droit des Actionnaires II ("SRD II) doit être transposée au plus tard en juin 2019. Or, SRD II a formellement introduit à l’échelle euro...

Ses - Assemblée générale des actionnaires du 04 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

SES – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 05/04/2018

La présente assemblée générale extraordinaire est convoquée afin, notamment, de mettre à jour les statuts avec les modification de la Loi luxembourgeoise et les dernière dispositions adoptées lors des précédentes assemblées. La plupart des propositions de modifications faites ne posent pas de problème particulier. Cependant, la modification proposée en résolution 5 ne semble pas suffisamment protectionnistes pour les actionnaires. En effet, elle permet à la société d'attribuer des actions existantes de la société aux salariés, sans aucune contrepartie. Si globalement ce principe ne semble pas...

Valérie GASTALDY

Short term view - SES : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at €16.240.

Valérie GASTALDY

Analyse court terme - SES : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 16,240 €.

Valérie GASTALDY

Analyse court terme - SES : Le mouvement peut se poursuivre.

La tendance de fond est clairement orientée à la hausse. Le MACD est positif, il confirme cette tendance. Le mouvement peut se poursuivre. Les objectifs suivants sont à 20,767 € et 22,201 €. La tendance serait invalidée sous le support à 16,240 €.

Valérie GASTALDY

Short term view - SES : The movement can go on.

The background trend is clearly bullish. The MACD is positive, it confirms that trend. The movement can go on. The following targets are at €20.767 and €22.201. The trend would be invalidated below the support at €16.240.

Jérôme VINERIER

Medium term view - SES : The trend is uncertain.

The trend is uncertain. Stochastics are at the overbought level. prices could fall again to €15.700.

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