Ice Group (Buy, TP: NOK24.00) - Lowered growth forecasts, improved flexibility
We have lowered our 2021–2023 forecasts post-Q4, but see improved financial flexibility as a likely outcome of the refinancing process. While we have also lowered our target price to NOK24 (26), we reiterate our BUY.Icetana Limited, formerly Icetana Pty Ltd, is an Australia-based technology company focused on the development and commercialization of the iCetana Solution. The iCetana Solution is an artificial intelligence (AI) assisted video surveillance software that leverages machine learning techniques to provide automated real time anomalous event detection solutions. Its software integrates with customers' existing video management systems and Internet protocol (IP) cameras that learns and filters out routine motion. Its platform shows only anomalous or unusual behaviors allowing operators to focus on events that matter and respond in real-time to both precursor activities and incidents. The Company offers its platform solutions across wide number of industry verticals, such as warehousing logistics, manufacturing, transport, hotels and casinos, shopping malls, financial institutions, prisons and educational institutions.
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.
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