Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

Equity Bottom-Up

Oesterreichische Post Ag / Equity Bottom-Up

<ul><li>In this edition: • Aalberts | strong acceleration of organic revenue growth in 26Q2 • ABN Amro | Dutch state completes reduction of its stake, now at 20.5% • BE Semiconductor Industries | long-term outlook remains strong, well reflected in its share price • InPost | acceptance period extended until 18 September • RELX Group | continues to accelerate underlying growth and margin expansion • Sligro Food Group | interim dividend and share buyback despite poor 1H26 results • Austrian Post | strengthens its SEE parcel platform with Serbian acquisition</li></ul>

In this edition: • Aalberts | strong acceleration of organic revenue growth in 26Q2 • ABN Amro | Dutch state completes reduction of its stake, now at 20.5% • BE Semiconductor Industries | long-term outlook remains strong, well reflected in its share price • InPost | acceptance period extended until 18 September • RELX Group | continues to accelerate underlying growth and margin expansion • Sligro Food Group | interim dividend and share buyback despite poor 1H26 results • Austrian Post | strengthens its SEE parcel platform with Serbian acquisition

Oesterreichische Post AG - What's News in Amsterdam

<ul><li>In this edition: • Ahold Delhaize | U.S. grocery demand weakens as volume declines outweigh inflation • E-commerce & Logistics | Chinese platforms facing increasing legal & regulatory risks • Corporate Agenda | week 30 - 33</li></ul>

In this edition: • Ahold Delhaize | U.S. grocery demand weakens as volume declines outweigh inflation • E-commerce & Logistics | Chinese platforms facing increasing legal & regulatory risks • Corporate Agenda | week 30 - 33

What's News in Amsterdam - 20 July (Ahold Delhaize | E-commerce & Logistics | Corporate agenda)

Index Rebalance and Special Situations, Quiddity Advisors

Afridi Reyal

Index Rebalance and Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The SE600 index is a widely followed benchmark index in Europe. This index is rebalanced on a quarterly basis.</li>
<li>The potential ADDs and DELs of SE600 September 2026 rebal are starting to take shape, with the ranking cutoff (31st August 2026 close) now about six weeks away.</li>
<li>We now expect three intra-review index changes <em>before</em> the regular rebal and seven regular changes during the September 2026 rebal.</li>
</ul>


The SE600 index is a widely followed benchmark index in Europe. This index is rebalanced on a quarterly basis.
The potential ADDs and DELs of SE600 September 2026 rebal are starting to take shape, with the ranking cutoff (31st August 2026 close) now about six weeks away.
We now expect three intra-review index changes before the regular rebal and seven regular changes during the September 2026 rebal.


Quiddity Leaderboard SE600 Sep26: Base Date Six Weeks Out; Seven ADDs and DELs Likely

<ul><li>In this edition: • AkzoNobel | impairment on Russian assets looks inevitable • ASML Holding | strongly raises FY26 net sales and gross margin outlook • ASML Holding / ASM Int’l / Besi | SEMI strongly increases global semiconductor equipment sales forecast • TomTom | reiterates FY26 outlook as well as return to revenue growth from 2027 onwards • Bnode | political deadlock over proposed savings on management contract with bpost • Bnode | bpost launches personal locker rentals via its Bbox network • E-commerce and Logistics | MediaMarkt partners with Wolt for flash delivery in Germany</li></ul>

In this edition: • AkzoNobel | impairment on Russian assets looks inevitable • ASML Holding | strongly raises FY26 net sales and gross margin outlook • ASML Holding / ASM Int’l / Besi | SEMI strongly increases global semiconductor equipment sales forecast • TomTom | reiterates FY26 outlook as well as return to revenue growth from 2027 onwards • Bnode | political deadlock over proposed savings on management contract with bpost • Bnode | bpost launches personal locker rentals via its Bbox network • E-commerce and Logistics | MediaMarkt partners with Wolt for flash delivery in Germany

<ul><li>In this edition: • AkzoNobel | Russian subsidiaries placed under temporary external administration • KPN | ACM joins investigations into data breach at Odido • Shell | divests Sprng Energy to Aditya Birla Renewables for USD 1.8bn • Allegro | strong momentum continued in 2Q26</li></ul>

In this edition: • AkzoNobel | Russian subsidiaries placed under temporary external administration • KPN | ACM joins investigations into data breach at Odido • Shell | divests Sprng Energy to Aditya Birla Renewables for USD 1.8bn • Allegro | strong momentum continued in 2Q26

What's News in Amsterdam - 14 July (AkzoNobel | KPN | Shell | Allegro)

Luxembourg

InPost S.A. is an e-commerce enablement platform. InPost provides delivery services through its network of automated parcel machines, including those in the UK, as well as to-door couriers and fulfillment services to e-commerce merchants.

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InPost (INPST NA)

Oesterreichische Post AG - What's News in Amsterdam

In this edition: • Aalberts | strong acceleration of organic revenue growth in 26Q2 • ABN Amro | Dutch state completes reduction of its stake, now...

The IDEA!

What's News in Amsterdam - 20 July (Ahold Delhaize | E-commerce & Logistics | Corporate agenda)

In this edition: • Ahold Delhaize | U.S. grocery demand weakens as volume declines outweigh inflation • E-commerce & Logistics | Chinese...

The IDEA!

Quiddity Leaderboard SE600 Sep26: Base Date Six Weeks Out; Seven ADDs and DELs Likely

The SE600 Rankings are stabilizing with six weeks to go; banking-name ADDs Alior Bank, Van Lanschot Kempen, and Vontobel are expected to see...

Afridi Reyal

bpost SA - What's News in Amsterdam

In this edition: • AkzoNobel | impairment on Russian assets looks inevitable • ASML Holding | strongly raises FY26 net sales and gross margin...

The IDEA!

What's News in Amsterdam - 14 July (AkzoNobel | KPN | Shell | Allegro)

In this edition: • AkzoNobel | Russian subsidiaries placed under temporary external administration • KPN | ACM joins investigations into data...

The IDEA!

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