Investment bank Exane/BNPP has issued an examination of games publisher Ubisoft, and the result is an upgrade (from ‘Neutral’ to ‘Outperform’) and a significant increase in its guide price target from €27 to €37. The bank’s report says it has become more comfortable with Ubisoft’s equity story, given solid leading indicators for the top franchise […]
The commercial agreement between SES and SpaceX’s Starlink to jointly serve the fast-growing cruise market is a major move for both businesses. SES, using its O3b medium Earth orbiting (MEO) satellites, and SpaceX’s Starlink, both have existing relationships with cruise lines. This new relationship will see SES sell and manage multi-orbit connectivity services into the […]
Investment bank Exane/BNPP, in a note to clients, expects satellite operator SES to report a 3 per cent fall in revenues for its Q2 trading period. SES will unveil it numbers on August 3rd. Sami Kassab, an equity analyst at the bank, suggests that SES will report overall revenues of €487 million. The operator’s important […]
Sami Kassab, an analyst with investment bank Exane/BNPP, in a flash note to clients says he expects SES to reaffirm its financial guidance for 2023 and also to “provide an update on merger talks with Intelsat”. SES will deliver its Q1 2023 numbers on May 4th. Kassab reminded clients that SpaceX successfully launched two important […]
Universal Music Group (UMG) has suffered a double downgrade from investment bank Exane/BNPP. The bank’s new rating is ‘Underperform’ (from ‘Outperform’) and comes with a target share price that reduced by 24 per cent. “Following an LA field trip and underpinned by new data products, we see reasons for caution. We expect top-line growth to […]
Investment bank Exane/BNPP, in a major examination of US cable (The Twilight of Cable) says that while the first half of 2023 might see some gentle recovery from the 52-week ‘lows’ in December, there will be more pain to come. “We think near term sub growth (from promotional activity) and broadband price increases can flatter […]
A comprehensive eport from investment bank Exane/BNPP says it expects the Video Games sector to “rebound in 2023 helped by stronger line up of new games and better availability of new-generation consoles.” The bank reminds clients that 2022 proved to be a “corrective year” for the games sector, where the industry overall suffered a 10 […]
Berlusconi family-controlled MediaForEurope (MFE) is looking to take majority control of German commercial broadcaster ProSiebenSat.1. MFE filed its formal notification at Austria’s Federal Competition Authority (Bundeswettbewerbsbehörde) on December 13th. The filing talks about the “acquisition of de facto sole control” of the German media business. Investment bank Exane/BNPP suggests this could be a difficult move […]
On December 5th, Netherlands-based media conglomerate Prosus will hold a Capital Markets Day (along with its major backer Naspers) and it has prompted investment bank Exane/BNPP to issue a note to clients which – in summary – says that Prosus is set to emerge from the crises [of the past few years] stronger and is […]
China, despite plenty of challenges, has traditionally been a robust performer for internet and related activity. But October 24th saw a “severe sell-off” according to analysts at investment bank Exane/BNPP. In trading on October 25th there was something of a recovery following the earlier dramatic declines. But the hard numbers on the falls did not […]