Kinepolis to come out stronger than peers - Degroof

Kinepolis NV

08/10/2020 13:13

** Degroof Petercam cuts est, TP for Belgium-listed cinema
chain  KIPO.BR  but reiterates "buy" rating 
    ** Expects co to come out stronger than peers post-COVID-19
    ** Says latest James Bond film postponement due to COVID-19
crisis is bad for industry as a whole
    ** However, short-term lack of content means 2021-2022 looks
excellent in terms of big blockbusters - Degroof
    ** Says even though movies cannot be distributed profitably
without cinemas, Kinepolis remains best in class in terms of
cost cutting, managing cash outs and financing
    ** Broker cuts stock TP by 4% to 45 euros, still above
current price of 28 euros
    ** On Oct. 5, Cineworld  CINE.L  temporarily shut all its 
U.S. and UK theatres  urn:newsml:reuters.com:*:nL4N2GW14V, while Kinepolis told Reuters
that closing cinema doors was "not an option"  urn:newsml:reuters.com:*:nL4N2GW2LE  

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 ((pawel.goraj@tr.com))