In today's Pre-Session Views:
- Strategy | A quick thought on ETEL post the impressive August to date rally. Our telecoms/fintech team will publish a full valuation update on ETEL soon.
- EKHO| 1H25 results: Strong earnings recovery, AlexFert driving outperformance;, 2H looks promising
- ARCC | Strong 2Q25 results; outlook balanced by emerging risks
- MBSC | 2Q25 Volumes weigh on results, 1H25 still on track