BUZZ-Kepler Cheuvreux upgrades CMB.TECH to 'buy' on 'unsustainable discount'

Reuters

2025/08/29

** Kepler Cheuvreux upgrades Belgian transport logistics firm CMB.TECH CMBT.BR to 'buy' from 'hold', citing an "unsustainable discount" to its net worth

** Broker notes recent merger with Golden Ocean has materially increased group exposure to dry bulk segment, now 58% of its earnings

** An improving outlook for dry bulk, driven by rising iron ore and bauxite volumes, mitigates a softer forecast for the firm's crude carrier division, the brokerage says

** "The stock is currently trading at an unsustainable discount of 47% to NAV and 42% to one-year forward NAV," Kepler Cheuvreux states

** Broker raises PT by 2.3% to 9 euros, sees Net Asset Value $(NAV)$ of 13.1 euros per share after the merger

** Of 4 analysts that cover CMB.TECH, one rates the stock "strong buy" and three rate it "hold" - LSEG data

** Shares are up 2.6% at 07:15 GMT

(Reporting by Dimitri Rhodes)

((Dimitri.rhodes@thomsonreuters.com))

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LSEG data</p><p>** Shares are up 2.6% at 07:15 GMT</p><p> (Reporting by Dimitri Rhodes)</p><p> ((Dimitri.rhodes@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOGL","symbol_name":"金海洋集团","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250829:nL8N3UL08C:1","article_id":"2563011880","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563011880","pubTimestamp":1756451902,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Kepler Cheuvreux upgrades CMB.TECH to 'buy' on 'unsustainable discount'** Kepler Cheuvreux upgrades Belgian transport logistics firm CMB.TECH CMBT.BR to 'buy' from 'hold', citing an \"unsustainable discount\" to its net worth** Broker notes recent merger with Golden Ocean has materially increased group exposure to dry bulk segment, now 58% of its earnings** An improving outlook for dry bulk, driven by rising iron ore and bauxite volumes, mitigates a softer forecast for the firm's crude carrier division, the brokerage says** \"The stock is currently trading at an unsustainable discount of 47% to NAV and 42% to one-year forward NAV,\" Kepler Cheuvreux states** Broker raises PT by 2.3% to 9 euros, sees Net Asset Value  of 13.1 euros per share after the merger** Of 4 analysts that cover CMB.TECH, one rates the stock \"strong buy\" and three rate it \"hold\" - 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