Brussels shares TFN market data at 10.43 am; Omega Pharma plunges

Brussels shares TFN market data at 10.43 am; Omega Pharma plunges

	Published : Fri, 19 Oct 2007 09:49 By : Agencies Print this Story

BRUSSELS (Thomson Financial) - Brussels shares TFN market data at 10.43 am:

Main index

-Bel 20 down 1.17 points or 0.03 pct at 4,456.61

Bel 20 gainers

-Belgacom up 0.96 eur or 2.88 pct at 34.30 after the group said it would pay out a 0.51 eur per share dividend. Dexia increases target price to 35.1 eur from 33.8, maintaining 'add'. Degroof increases target price to 32.75 eur from 31.75, maintaining 'hold' rating. ING reiterates 'buy' and 35 eur target price. KBC maintains 'accumulate' and 31 eur target price. Yesterday after market close, the group announced a 230 mln eur share buy-back and 170 mln eur interim dividend. Press reports that Belgian government is considering divesting 53.5 pct stake, which could raise 5.5-6.0 bln eur.

-Agfa-Gevaert up 0.30 eur or 2.82 pct at 10.95 off yesterday's 5-year low. Rabo cuts target price to 10 eur from 16. KBC reduces 2007 EPS forecast to 0.66 eur from 1.12, 2008 to 0.97 eur from 1.41, maintains are duce' and 12 eur target price.

-Mobistar up 1.04 eur or 1.72 pct at 61.50. Press reports France Telecom is considering either increasing, or divesting its 50.2 pct stake. Press reports that Mobistar is considering a merger with Telenet. ING maintains 'hold' and 63 eur target price. Dexia maintains 'buy' and 73.5 eur target. Rabo maintains 'buy' and 73 eur target. KBC maintains 'accumulate' and 62 eur target.

-Solvay up 1.66 eur or 1.61 pct at 104.74. UBS ups to 'neutral' from 'sell'.

-InBev up 0.97 eur or 1.49 pct at 66.28

Bel 20 fallers

-Omega Pharma down 12.12 eur or 20.03 pct at 48.40 following profit warning, reducing FY sales forecasts to 780-800 mln eur from 830-850 mln. Rabo cuts target price to 66 eur from 73, maintains 'buy'.

-Dexia down 0.29 eur or 1.30 pct at 22.04

-KBC down 0.74 eur or 0.76 pct at 97.11

-Fortis down 0.12 eur or 0.54 pct at 22.24. Press reports integration of ABN Amro to take 3 years.

-Suez down 0.09 eur or 0.20 pct at 44.00. Press reports that Suez would be prepared to buy Repsol YPF's 30.8 pct stake in Gas Natural SDG

Outside the Bel 20

-CMB up 2.27 eur or 3.78 pct at 62.37

-Arseus up 0.05 eur or 0.50 pct at 10.04. Upped to 'buy' from 'add' at Petercam, target price to 13 eur on Q3 sales. Looking to make acquisitions in 2008. Rabo maintains 'buy' and 12 eur target price.

-Telenet down 0.06 eur or 0.24 pct at 25.28.

phil.mccomish@thomson.com

pam/lht

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.