Investor (Buy, TP: SEK345.00) - Set for continued outperformance
2024 was yet another strong year for Investor, with 20% NAV growth YOY (SIXRX at 9%), Patricia Industries being the highlight at a c30% return. We see scope for continued solid progress across the portfolio, and note the higher exit activity in EQT, laying the foundations for an uptick in cash flow to Investor. We reiterate our BUY and have raised our target price to SEK345 (330), reflecting 7% 12-month forward NAV growth and an incrementally positive view on the listed portfolio (stocks accounting for 22% of NAV recently upgraded to BUYs).
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.