Dexia, ING, KBC, Philips Electronics: Benelux Equity Preview

The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses, and prices are from the previous close.

The AEX-Index (AEX) in Amsterdam declined 0.3 percent to 329.49. Belgium’s Bel20 Index fell 0.1 percent to 2,437.04. Luxembourg’s LuxX Index dropped 0.6 percent to 1,369.98.

Dutch stocks:

ING Groep NV (INGA) : The biggest Dutch financial- services company’s banking unit passed the European Union stress test with a 2012 core Tier 1 capital ratio of 8.7 percent and the bank division may post a 2011 profit of 1.61 billion euros ($2.28 billion) under the test’s adverse scenario compared with a profit of 4.41 billion euros under the baseline scenario. ING fell 2.4 percent to 7.61 euros.

Royal Philips Electronics NV (PHIA NA): The world’s biggest lighting company will publish a strategic update alongside second-quarter earnings before the start of trading and may say net income slid 89 percent to 27.2 million euros from 259 million euros a year earlier, according to the average of 11 analyst estimates compiled by Bloomberg. The shares rose 0.8 percent to 17.37 euros.

SNS Reaal NV (SR) : The Dutch insurer’s SNS Bank unit passed the EU stress test with a 2012 core Tier 1 capital ratio of 7 percent and the banking division may post a 2011 loss of 237 million euros under the test’s adverse scenario compared with a loss of 35 million euros in the baseline scenario. SNS Reaal shares fell 2.3 percent to 2.72 euros.

Belgian stocks:

Colruyt NV (COLR BB): Belgium’s biggest discount food retailer spent 1.98 million euros buying back 59,815 of its own shares in the period from July 12 through July 14. Colruyt shares retreated 0.2 percent to 33.22 euros.

Dexia SA (DEXB) : Belgium’s largest lender to local governments passed the EU stress test with a 2012 core Tier 1 capital ratio of 10.4 percent and may post a 2011 loss of 584 million euros under the test’s adverse scenario, compared with a profit of 507 million euros under the baseline scenario. Dexia shares lost 2.7 percent to 1.79 euros.

KBC Groep NV (KBC) : The banking arm of Belgium’s biggest bank and insurer by market value passed the EU stress test with a 2012 core Tier 1 capital ratio of 10 percent and KBC’s banking unit may post a 2011 profit of 417 million euros under the test’s adverse scenario, compared with a profit of 1.6 billion euros under the baseline scenario. KBC shares gained 1.1 percent to 24.60 euros.

Warehouses De Pauw CVA (WDP BB): Belgium’s third-biggest real-estate investment fund agreed to buy an 18,000 square-meter warehouse valued at 8.65 million euros and expects a gross initial rental yield of 8.6 percent on the transaction.

Separately, WDP hired Mickael Van den Hauwe as chief financial officer, replacing Joost Uwents. WDP shares dropped 0.6 percent to 38.39 euros.

To contact the reporters on this story: Maaike Noordhuis in Amsterdam at mnoordhuis@bloomberg.net; John Martens in Brussels at jmartens1@bloomberg.net.

To contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net; Angela Cullen at acullen8@bloomberg.net.

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