Report
Alexander Aukner
EUR 813.02 For Business Accounts Only

Atlantic Sapphire (Buy, TP: NOK68.00) - Merging the biologically possible with the economically viable

Atlantic Sapphire is constructing the world’s first large-scale land-based salmon farm, aiming to combine what we believe to be biologically possible with a scale that would make it economically attractive. If successful, it would produce ~90kt by 2026e, generating EBITDA of USD535m. Based on a 20% probability of success, we initiate coverage with a BUY recommendation and NOK68 target price on a fully diluted basis.
Underlying
Atlas Menkul Kiymetler Yatirim Ortakligi

Atlas Menkul Kiymetler Yatirim Ortakligi. Atlas Menkul Kiymetler Yatirim Ortakligi is a Turkey-based investment trust. The Company's main activity is to trade a portfolio of capital market instruments, as well as gold and other precious metals traded on national, international or other organized over-the-counter markets, without controlling the capital and management of the partnerships, whose securities it purchases within the framework of the principles and rules determined by the related legislations.

Provider
DnB Markets
DnB Markets

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.

 

Analysts
Alexander Aukner

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