Cofinimmo, Delta Lloyd, Duvel, Spyker: 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.
ING Groep NV (INGA) , Aegon NV (AGN) : Dutch Finance Minister Jan Kees de Jager said he expects the impact of stricter mortgage rules on the country’s house prices to be limited. The new rules, which are self-imposed by the banks and take effect on Aug. 1, include a limit of home loans to 110 percent of the property price. ING, which had the second-biggest market share for newly registered mortgages in 2009, dropped 1.1 percent to 8.53 euros. Aegon fell 1.6 percent to 4.89 euros.
SNS Reaal NV (SR) : The Dutch bank and insurer reports first-quarter earnings at 7:30 a.m. local time. SNS Reaal slid 2.6 percent to 3.83 euros.
Spyker Cars NV (SPYKR) : The Dutch sports car maker that owns cash-strapped Saab Automobile said it plans to sell 1 million shares under its 150 million-euro ($213 million) equity facility with GEM Global Yield Fund Ltd. Spyker Cars soared 16 percent to 4.11 euros.
Cofinimmo (COFB) SA: Belgium’s biggest real-estate investment fund bought two offices in Antwerp for 29.2 million euros, a 7.7 percent premium to their market value, and said the offices are 33 percent let. Cofinimmo dropped 0.4 percent to 96.86 euros.
Duvel Moortgat NV (DUV BB): The brewer of Duvel and Vedett said first-quarter sales rose, even when excluding the Aug. 5 acquisition of Brouwerij De Koninck, and forecast further growth in full-year sales and operating profit. Duvel Moortgat advanced 0.9 percent to 75.85 euros.
Jensen-Group NV (JEN) : The Belgian-Danish maker of heavy-duty laundry equipment said first-quarter sales rose 6.9 percent to 59.3 million euros and forecast a first half that will be similar to last year’s. Jensen-Group increased 0.6 percent to 10.69 euros.
Kinepolis Group NV (KIN) : Belgium’s biggest movie- theater operator is scheduled to give a trading update before the market opens. Kinepolis retreated 0.1 percent to 58.11 euros.
Montea SCA (MONT) : The owner of warehouses in Belgium and France agreed to buy a warehouse in Marennes, France, for 9.8 million euros and forecast a gross rental yield of 8.75 percent on the transaction. Montea gained 0.5 percent to 25.88 euros.
Thenergo NV (THEB) : The Belgian operator of combined heat-and-power plants said electricity generation at the Groeikracht units rose 3 percent in the first quarter and reported cash holdings of 1.47 million euros. Thenergo lost 1.2 percent to 80 cents.