Aker Horizons (Buy, TP: NOK40.00) - Reported NAV bang in line
The Q2 reported NAV of NOK15.6bn was spot on our estimate, representing a 6% NAV premium to the end-Q2 market cap. As expected, there was no major news in the report, with new business development mainly related to the new financing vehicle Green Yield. We expect a neutral share price reaction.
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.