Option chain shows key data for Proximus's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Proximus.

Proximus (OTC:BGAOY) Stock, Option Chain

BELGACOM SA UNSP ADR

Proximus is the incumbent telecom operator in Belgium. The firm has around 45% share of the broadband market and 30% of the postpaid mobile market, mainly competing with Telenet (mobile and fixed) and Orange (mobile and fixed). Proximus is rolling out fiber to the home in Belgium and expects to have 95% of the country covered by 2032. Its international carrier services division, BICS, is one of the four largest in the world, serving more than 250 operators, which was strengthened with the acquisition of Telesign.

News

Penny Stocks

Small Cap

Markets

General

ABOS

AMAT

ATVI

BABA

BGAOF

BGAOY

GMVHF

GMVHY

HMRZF

HNNMY

JBLU

LRCX

MLTX

MSFT

RKLB

Sony Group Corporation American Depositary Shares

SONY

SPCE

TOSBF

Ford Motor Cuts Prices For F-150 Lightning Truck, Microsoft-Sony Sign Agreement for &#39;Call of Duty,&#39; Alibaba Stock Slips on China&#39;s Q2 GDP Sentiment: Today&#39;s Top Stories

Equities

Mid Cap

Proximus SA (OTC: BGAOF)(OTC: BGAOY) inked a deal to acquire a 58% stake in 

Proximus Buys Majority Stake In India&#39;s Route Mobile For EUR643M

Analyst Color

Short Ideas

Emerging Markets

Eurozone

Movers

Tech

Trading Ideas

AAPL

AMBA

CNHI

MNKD

MYBUF

SGPRF

SGPRY

SHAK

SHCAY

SHLD

SIEGY

SMSOF

THTPF

A Look At Short-Sellers&#39; Latest Picks

PROXIMUS GROUP UNSP/ADR by Proximus Group

Proximus SA

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33243116/us-tech-embargo-has-pushed-beijing-for-self-sufficiency-drives-local-chip-equipment-firms-to-double" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">US Tech Embargo Has Pushed Beijing for Self-Sufficiency, Drives Local Chip Equipment Firms to Double Profits</a>
<ul>
<li>Chinese chip equipment makers&nbsp;Advanced Micro-Fabrication Equipment Inc&nbsp;and&nbsp;Naura Technology Group Co&nbsp;expect a doubling in profits after the U.S. tech embargo forced manufacturers to seek domestic alternatives.</li>
<li>Advanced Micro-Fab said net income for the first half likely grew 110% - 120%. Naura reported on Friday a 121% - 156% growth in profit to as much as 1.93 billion yuan ($270 million) during the same period.</li>
<li>Chinese chipmaking gear leaders, much smaller than&nbsp;Applied Materials Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/amat#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AMAT</a>) or&nbsp;Lam Research Corp&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/lrcx#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">LRCX</a>), are amid initiatives to replace equipment involving American components or technology.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33246851/blackrock-plans-to-add-proxy-voting-choice-to-its-largest-etf" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BlackRock Plans To Add Proxy Voting Choice To Its Largest ETF</a>
<ul>
<li>BlackRock Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) plans to expand its Voting Choice program to its largest ETF &ndash; the iShares Core S&amp;P 500 ETF (IVV) with $305 billion in assets under management (AUM), subject to iShares Board approval.</li>
<li>Over three million IVV shareholder accounts and more than half of BlackRock&#39;s index equity AUM will be able to participate in Voting Choice.</li>
<li>This proposed expansion of BlackRock Voting Choice is expected to be in effect for the 2024 proxy voting season.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33244461/whats-going-on-with-alibaba-stock-monday" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Alibaba Shares Are Down After China&#39;s Q2 GDP Misses Consensus</a>
<ul>
<li>Alibaba Group Holding Limited&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) stock is trading lower Monday as China&#39;s second-quarter GDP missed the consensus estimates.</li>
<li>China&#39;s GDP rose 6.3% year-over-year in Q2, trailing the 7.3% growth estimated by economists. The GDP grew by 4.5% in Q1.</li>
<li>The industrial output growth revved from 3% in the first quarter to 3.8% in the year&#39;s first half.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33247076/whats-going-on-with-ford-stock" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ford Motor Announces Price Cuts For F-150 Lightning Truck</a>
<ul>
<li>Ford Motor Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) shares are trading lower. The company on Monday announced price cuts for its F-150 Lightning truck.</li>
<li>Ford said it cut prices on the F-150 Lightning due to increased plant capacity, continued work on scaling production, and improved raw material costs for batteries.</li>
<li>Ford cut prices on its least expensive model by $9,979. Several other trim packages were cut between $8,479 and $9,479, and its most expensive platinum trim model was cut by just over $6,000.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33245692/virgin-galactic-reveals-crew-of-first-private-astronaut-mission-galactic-02" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Virgin Galactic Reveals Crew Of First Private Astronaut Mission&#39; Galactic 02&#39;</a>
<ul>
<li>Virgin Galactic Holdings Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spce#NYSE">SPCE</a>) has announced the crew of its seventh spaceflight and second commercial spaceflight, &#39;Galactic 02.&#39;</li>
<li>Galactic 02 will fly three private passengers to space.</li>
<li>VSS Unity will carry 80-year-old Jon Goodwin, Olympian, and early Virgin Galactic ticket holder.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/23/07/33244273/rocket-lab-plans-to-launch-mix-of-nasa-and-commercial-satellites" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Rocket Lab Plans To Launch Mix Of NASA And Commercial Satellites</a>
<ul>
<li>Rocket Lab USA Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rklb#NASDAQ">RKLB</a>) is preparing to launch a mix of satellites for NASA and commercial satellite constellation operators in a mission called &quot;Baby Come Back.&quot;</li>
<li>The mission is scheduled for lift-off between 11:30&ndash;13:30 NZST on July 18. Baby Come Back will be Rocket Lab&#39;s seventh Electron launch of 2023, the 39th Electron launch overall, and the company&#39;s second recovery mission this year.&nbsp;</li>
<li>The mission will launch seven satellites to a sun-synchronous orbit for three customers: NASA, Space Flight Laboratory, and Spire Global.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/07/33243718/acumen-pharmas-stock-doubles-in-one-session-heres-why" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Acumen Pharma&#39;s Experimental Alzheimer&#39;s Drug Passes Early Safety Test, Shares Double</a>
<ul>
<li>Acumen Pharmaceuticals Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abos#NASDAQ">ABOS</a>) presented topline results from the Phase 1 INTERCEPT-AD trial of ACU193, the first clinical-stage amyloid beta oligomers (A&beta;O) targeting antibody therapy in early AD, at the Alzheimer&#39;s Association International Conference (AAIC) 2023.</li>
<li>Topline results demonstrated that ACU193 was generally well-tolerated, meeting the primary objective of the Phase 1 study in both single and multiple doses in 60 participants with early AD.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/gaming/23/07/33241929/call-of-duty-stays-in-playstation-arsenal-as-sony-microsoft-reportedly-strike-10-year-deal" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">&#39;Call of Duty&#39; Stays In PlayStation Arsenal As Sony, Microsoft Reportedly Strike 10-Year Deal</a>
<ul>
<li>Sony Group Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) and&nbsp;Microsoft Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) have reportedly reached a 10-year agreement to keep &quot;Call of Duty&quot; games on&nbsp;PlayStation&nbsp;consoles after the U.S. software giant completes its takeover of&nbsp;Activision Blizzard&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atvi#NASDAQ">ATVI</a>).</li>
<li>&quot;We are pleased to announce that Microsoft and PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard,&quot; Microsoft Gaming CEO&nbsp;Phil Spencer&nbsp;said on Twitter on Sunday.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33244517/proximus-buys-majority-stake-in-indias-route-mobile-for-eur643m" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Proximus Buys Majority Stake In India&#39;s Route Mobile For EUR643M</a>
<ul>
<li>Proximus SA&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/bgaof#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BGAOF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/bgaoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BGAOY</a>) inked a deal to acquire a 58% stake in Route Mobile for INR 59.224 billion (around EUR 643.0 million) through its subsidiary, Proximus Opal.&nbsp;</li>
<li>Route Mobile specializes in offering CPaaS services in India, with a market capitalization of EUR1.1 billion.&nbsp;</li>
<li>With this deal, Proximus boosted a significant presence in the CPaaS and DI market, with combined annual revenue of around EUR 900 million for Route Mobile and Telesign.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33245455/entain-buys-angstrom-sports-boosting-betmgms-us-sports-betting-offering" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Entain Buys Angstrom Sports, Boosting BetMGM&#39;s US Sports Betting Offering</a>
<ul>
<li>Entain PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gmvhf#OTC">GMVHF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gmvhy#OTC">GMVHY</a>) plans to acquire Angstrom Sports for a total consideration of &pound;81 million plus contingent payments totaling a maximum of &pound;122 million, payable over three years.</li>
<li>Angstrom Sports offers sports modeling, forecasting, and data analytics across sports betting products and markets in the U.S.</li>
<li>The acquisition is expected to boost Entain&#39;s position, having a comprehensive suite of analytics, risk, and pricing capabilities for U.S. Sports betting products.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33243590/h-m-forays-into-brazilian-market-boosting-latin-american-presence" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">H&amp;M Forays Into Brazilian Market, Boosting Latin American Presence</a>
<ul>
<li>Hennes &amp; Mauritz AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hnnmy#OTC">HNNMY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hmrzf#OTC">HMRZF</a>) disclosed launching its online and offline stores in Brazil by 2025.</li>
<li>The fashion retailer aims to expand its presence in Latin America by initially entering major cities in Southeast Brazil and partnering with Dorben Group.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33245528/american-jetblue-begin-steps-to-cease-the-northeast-alliance" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">American, JetBlue Begin Steps To Cease The Northeast Alliance</a>
<ul>
<li>American Airlines Group Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aal#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAL</a>) and&nbsp;JetBlue Airways Corp&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/jblu#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">JBLU</a>) have initiated the process of dissolving the pro-competitive, pro-consumer Northeast Alliance.</li>
<li>They collaborated to stay competitive in the heavily trafficked U.S. Northeast during the COVID-19 pandemic-induced economic uncertainty.</li>
<li>The collaboration was called the Northeast Alliance, allowing the two airlines to share bookings, routes, and passengers.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33240937/united-airlines-pilots-reach-labor-agreement-with-up-to-40-raise" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">United Airlines Pilots Reach Labor Agreement With Up To 40% Raise</a>
<ul>
<li>United Airlines Holdings Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) and its pilots have reached a labor agreement with a substantial pay raise.</li>
<li>According to the new four-year agreement, the pilots will get a cumulative 34.5% to 40.2% increase in pay raises, Reuters reported.&nbsp;</li>
<li>Due to a shortage of pilots in the industry, United pilots gained increased negotiation leverage. Despite high inflation, consumers have continued to spend on travel, exacerbating the issue.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/07/33244249/moonlakes-potential-sale-stock-price-up-fivefold-since-public-debut-in-2022" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MoonLake&#39;s Potential Sale: Stock Price Up Fivefold Since Public Debut In 2022</a>
<ul>
<li>MoonLake Immunotherapeutics&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mltx#NASDAQ">MLTX</a>) has reportedly engaged an investment bank as the Swiss company looks for a potential sale.</li>
<li>The company focuses on developing antibody-derived treatments for inflammatory skin conditions.</li>
<li>The is in preliminary talks with pharmaceutical companies interested in a potential acquisition. Citing the sources, Reuters emphasized that a deal isn&#39;t guaranteed and wished to remain anonymous.&nbsp;</li>
</ul>
&nbsp;
Nikkei&nbsp;
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33245589/toshiba-plans-to-build-supply-chain-for-offshore-wind-turbines-in-japan-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Toshiba Plans To Build Supply Chain For Offshore Wind Turbines In Japan</a>
<ul>
<li>Japan&#39;s&nbsp;Toshiba Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tosbf#OTC">TOSBF</a>) reportedly plans to establish a supply chain for offshore wind power equipment in the country with U.S. manufacturer&nbsp;General Electric Company&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ge#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GE</a>).</li>
<li>The partners will develop components for production, soliciting smaller companies in Japan&#39;s northwest (including Akita and Niigata prefectures) that have conditions suited for offshore wind power.</li>
<li>Orders for a project in Akita prefecture are due to start as early as 2028.</li>
</ul>
Photo via Wikimedia Commons

Ford Motor Cuts Prices For F-150 Lightning Truck, Microsoft-Sony Sign Agreement for 'Call of Duty,' Alibaba Stock Slips on China's Q2 GDP Sentiment: Today's Top Stories

Proximus SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/bgaof#OTC">BGAOF</a>)(OTC: <a class="ticker" href="https://www.benzinga.com/stock/bgaoy#OTC">BGAOY</a>) inked a deal to acquire a 58% stake in&nbsp;<a class="editor-rtfLink" href="https://www.proximus.com/news/2023/20230717-route-mobile.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Route Mobile for INR 59.224 billion</a>&nbsp;(around EUR 643.0 million) through its subsidiary, Proximus Opal.&nbsp;
Route Mobile specializes in offering CPaaS services in India, with a market capitalization of EUR1.1 billion.&nbsp;
With this deal, Proximus boosted a significant presence in the CPaaS and DI market, with combined annual revenue of around EUR 900 million for Route Mobile and Telesign.
Also, Proximus enhanced its customer coverage by over 200 countries and territories and expanded exposure to high-growth markets such as the Indian subcontinent, Africa, Asia-Pacific, and Latin America.&nbsp;&nbsp;
The deal will be followed by a reinvestment of EUR 299.6 million by some of the founding Route Mobile shareholders into Proximus Opal.&nbsp;
&quot;The acquisition of a majority stake in Route Mobile is a transformational step for our international CPaaS and digital identity activities. With Route Mobile and Telesign, Proximus Group now holds two strong and highly complementary global assets, both from geography and product expertise standpoints. This will allow us to reap the benefits of scale, considerably reinforce the product suite of both brands and realize synergies generating substantial value for our shareholders. This acquisition perfectly fits in our bold2025 strategy, with focus on strengthening our leadership in the domestic market and continuing to grow our international activities,&quot; said Guillaume Boutin, CEO.
The deal is expected to close within the next six to nine months.
Post-deal closure, Proximus expects to generate annual realized run-rate EBITDA synergies for three years of at least EUR 90 million.

Proximus Buys Majority Stake In India's Route Mobile For EUR643M

SunGard&#39;s <a href="https://www.sungard.com/solutions/market-data/astec-analytics">Astec Analytics</a> provides intraday short-selling market data via securities lending analytics. In a recent note sent to customers, the firm shared a &ldquo;roundup of some of the hottest stocks from a securities lending perspective.&rdquo;

	Below is a look at the top stocks by region (from a security lending perspective), according to SunGard&#39;s Karl Loomes.
<h3>EMEA Hot Stocks</h3>

	Astec Analytics&rsquo; top pick in the Europe, Middle East and Africa region is Thorntons PLC (OTC: <a class="ticker" href="/stock/thtpf#OTC">THTPF</a>), a micro-cap, United Kingdom-based, multi-channel confectionery retailer. The selection was based on the &pound;112 million takeover bid that Italian chocolatier Ferrero made for the company, which triggered a surge of more than 40 percent in its share price on Monday.

	On the borrowing front, the firm&rsquo;s data suggests &ldquo;short sellers have actually been growing more optimist for Thorntons since the beginning of June, in which time the number of shares being borrowed &ndash; the prerequisite for short selling them &ndash; has fallen 11 percent, with Friday&#39;s session alone seeing more than a 6 percent drop.&rdquo;

	Five more highly-lent stocks for the EMEA region are:

<ul>
<li>1. CNH Industrial NV (NYSE: <a class="ticker" href="/stock/cnhi#NYSE">CNHI</a>)</li>
<li>2. Vodafone Group Plc (ADR) (NASDAQ: <a class="ticker" href="/stock/vod#NASDAQ">VOD</a>)</li>
<li>3. MEYER BURGER TECHGY (OTC: <a class="ticker" href="/stock/mybuf#OTC">MYBUF</a>)</li>
<li>4. BELGACOM SA UNSP ADR (OTC: <a class="ticker" href="/stock/bgaoy#OTC">BGAOY</a>)</li>
<li>5. Siemens AG (ADR) (OTC: <a class="ticker" href="/stock/siegy#OTC">SIEGY</a>)</li>
</ul>

<h3>The Americas</h3>

	In the Americas, Astec Analytics selected Apple Inc. (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) as its stock of choice from a security lending perspective. As many might have guessed, the pick is related to the launch of the company&rsquo;s music streaming service and the Taylor Swift &ldquo;scandal.&rdquo;
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/15/06/5618155/twitter-roundup-did-taylor-swift-beat-apple-by-herself">Twitter Roundup: Did Taylor Swift Beat Apple By Herself?</a></bzrelatedlink>
&ldquo;June has generally seen Apple shares sliding lower in the cash market, though Astec&#39;s figures suggest this has also been bringing with it some short covering &ndash; borrowing volumes having fallen 8 percent last week,&rdquo; the report expounded.

	Completing the top six, in terms of short-selling activity, are:
<ul>
<li>1. MannKind Corporation (NASDAQ: <a class="ticker" href="/stock/mnkd#NASDAQ">MNKD</a>)</li>
<li>2. Sears Holdings Corp (NASDAQ: <a class="ticker" href="/stock/shld#NASDAQ">SHLD</a>)</li>
<li>3. Ambarella Inc (NASDAQ: <a class="ticker" href="/stock/amba#NASDAQ">AMBA</a>)</li>
<li>4. 3D Systems Corporation (NYSE: <a class="ticker" href="/stock/ddd#NYSE">DDD</a>)</li>
<li>5. Shake Shack Inc (NYSE: <a class="ticker" href="/stock/shak#NYSE">SHAK</a>), which very recently was <a href="http://www.benzinga.com/analyst-ratings/analyst-color/15/06/5614170/short-sellers-are-betting-against-these-stocks">a top pick</a>
</li></ul>
<h3>Asia Pacific Hot Stocks</h3>

	Finally, for the Asia Pacific region, the firm&rsquo;s number one stock is SAMSONITE INTL (OTC: <a class="ticker" href="/stock/smsof#OTC">SMSOF</a>). The Hong Kong-listed, famed luggage maker was selected as the top pick this week after its CEO Ramesh Tainwala said its position and prospects in China have ameliorated significantly, &ldquo;after the firm began promoting cheaper products, notable replacing the high end front-of-store displays of cabin-size bags, previously in the $500&ndash;$600 range, with the more moderately priced mid-range equivalents at about $300&ndash;$350.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/15/06/5614170/short-sellers-are-betting-against-these-stocks">Short Sellers Are Betting Against These Stocks</a></bzrelatedlink>
&ldquo;Despite this, and some positive earning numbers earlier this year,&rdquo; Astec&#39;s data suggests an increasing short selling activity during June (it seems like borrowing volumes have doubled over the month), the report explicates.

	Another five hot stocks in short-selling corners are:
<ul>
<li>1. Sharp Corporation (ADR) (OTC: <a class="ticker" href="/stock/shcay#OTC">SHCAY</a>), occupying the same spot as last week.</li>
<li>2. MIXI INC., TOKYO (OTC: MIXIF)</li>
<li>3. GUNGHO ONLINE (OTC: GUNGF)</li>
<li>4. Catcher Technology Co., Ltd. (TPE: 2474)</li>
<li>5. SINGAPORE PRESS HLDG (OTC: <a class="ticker" href="/stock/sgprf#OTC">SGPRF</a>); SINGAPORE PRESS HOLD (OTC: <a class="ticker" href="/stock/sgpry#OTC">SGPRY</a>)</li>
</ul>

Image Credit: <a href="https://pixabay.com/en/grid-network-pay-stock-exchange-786078/">Public Domain</a>

A Look At Short-Sellers' Latest Picks

Belgacom SA (OTC: BGAOY) projected a 1% decline in its 2012 revenue.

Belgacom projected 2012 earnings before interest, taxes, depreciation and amortization to drop 5% to 6% in 2011. 
Belgacom's fourth-quarter net profit declined EUR169 million, from EUR230 million, in the year-ago quarter, in line with analysts' estimates. Its revenue fell to EUR1.62 billion, from EUR1.66 billion. However, EBITDA dropped to EUR450 million, from EUR503 million.

Belgacom shares closed at $6.35 yesterday.

Comments

Proximus

Proximus (BGAOY) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga