AB InBev boosts the balance sheet of Bel 20 this Friday (+ Briefing actions)

The main European indexes posted very slight gains this Friday.

The Further Progression of the Action AB InBev allowed the Bel 20 Index of the Brussels Stock Exchange to outperform other markets in Europe this Friday. The index ended the session on a rise of 0.63% to 3,770.67 points. In comparison, the Stoxx 600 index limited its gains to 0.12% to 382.06 points.

Up 1.86% to88.8 euros, AB InBev has found its best level since early April. Of the 30 badysts monitored by Bloomberg who have spoken on the value since May, 25 suggest "buy", 3 to "keep" and 2 to "underweight" or "sell" ". the course objectives range from 76 euros to 120 euros.

The best performance of the day in the index however comes back to Galapagos . The action of this biotech group was 3.6% to 82.34 euros. On the other hand, bpost which yielded 1.06% to 13.06 euros, signed the biggest decline. Bpost was followed in this movement by Proximus (-0.76% 20.80 euros) and Umicore (-0.53% to 48.74 euros).

Mismanaged Econocom
Still among the 20 actions related to Bel 20, the listing of Ontex was suspended all day. In a statement released in the morning, the Ghent group said it was approached by an investor for a buy. Believing the proposed price insufficient, the entire Board of Directors of Ontex declined the offer.

Ontex is held 19.98% by GBL which has a seat on the Board of Directors. It is Michael Bredael, active in mergers and acquisitions, who occupies it. Note also that the boss of Ontex occupies a seat on the Supervisory Board of PAI Partners which is the group that made the offer on Ontex. Before the suspension of its listing, the share had a negative return (evolution of the stock market + dividend) of 34.5% over 12 months.

Apart from Bel 20, the highlight was the continuation of the fall of Econocom the day after the announcement of a warning on result. The stock plunged 32.36% to 2.86 euros and brings to 52% its losses since the beginning of this year. On July 30, Econocom will make a refund of share premium of 0.12 euros per share.

For the rest, we note the excellent performance of Recticel including Bois Sauvage is the largest shareholder with 27.35% of the capital. She wins 6.41% to 10.41 euros. Wild Wood sold 1.74% to 395 euros.

Good performance of Financière de Tubize (+ 3.70% to 61.6 euros) and Moury Construct (+ 2.94% to 140 euros).

> Econocom : Degroof Petercam lowered his recommendation to "save" against "accumulate" before. The target price remains at 4.75 euros.

> The private equity firm PAI Partners would consider buying back the group Ontex

specializing in personal care products, says Bloomberg citing people close to the record. The stock was suspended this morning on Euronext Brussels. Our article.

> BlackRock Investment Management reduced its short position on Ontex from 1.83% to 1.79% on July 4.

> AB InBev

: Oddo BHF began monitoring the value with a recommendation to "buy" and a target price of 114 euros.

> Telenet

: Exane BNP Paribas reduced its price target to 43 euros against 47 euros before. The recommendation remains "neutral."

> Oxford Asset Management has declared a short position on Galapagos

representing 0.50% of the capital.

> Econocom

reduced his outlook for the whole year. According to preliminary estimates, recurring operating income for the first half of 2018 is expected to be around 33 million euros, compared with 58 million euros in the first half of 2017. Our article.

> Econocom :
* Kepler Cheuvreux reduced his price target to 4.1 euros against 4.6 euros before. The recommendation remains to "reduce."
* KBC lowered its recommendation to "save" against "buy" before. The price target goes from 8 euros to 4.80 euros.

> Marshall Wace increased his position on Bekaert

pbading from 0.60% of the capital to 0.73% on July 4.

> Marshall Wace declared to hold, on July 4th, a short position in IBA

representing 0.50% of the capital.

> Vranken-Pommery

: Oddo BHF began monitoring the value with a recommendation to "neutral" and a target price of 25 euros.

> After the reopening of its bid on TiGenix

Takeda holds 96.08% of the shares of biotech. A takeover offer begins this Friday after which the TiGenix share will be removed from the Brussels Stock Exchange. Our article.

> Miko

acquires the Danish coffee service company Maas in Denmark in a bad financial position. It employs 55 people and has an annual turnover of 14 million euros. The release.

> To keep an eye on this Friday . USA . Employment June at 2.30 pm