Kinepolis: "Bumpy ride" on new coronavirus restrictions - KBC cuts

Kinepolis NV

20/10/2020 10:07

** KBC Securities cuts Belgium-listed cinema chain  KIPO.BR 
to "accumulate" from "buy" after Belgium announced new
coronavirus restrictions
    ** As from yesterday and until further notice, Kinepolis has
closed down its shops in Belgium, broker says
    ** "It could be a bumpy ride the next months", adds KBC,
which puts Kinepolis on the list of "most vulnerable companies
in case of a second wave"
    ** The situation at Kinepolis, which owns the majority of
its seats, is less urgent than it is at rivals AMC  AMC.N  or
Cineworld  CINE.L , it adds
    ** Broker estimates the company has 10 to 11 months of
liquidity
    ** KBC expects Kinepolis to continue taking all measures
necessary to further reduce the impact of the pandemic at all
cost levels


    

 ((Anait.Miridzhanian@thomsonreuters.com))