Report
Joachim Gunell

Weekly NAV update

The sector was up 0.6% on average last week, with the best share price performance in Latour (+2.4%) and MSAB (+1.7%), which continue to experience narrowing discount trends. Investor had the highest portfolio activity last week following Ronnie Leten’s appointment as chairman of Ericsson (from Electrolux), while it also increased its stake in Ericsson, once again becoming the largest shareholder in the company. Our sector top picks remain Kinnevik and Investor.
Underlying
Investor AB Class B

Investor AB is an industrial holding company. Through its subsidiaries, Co. invests in companies and industries. Co.'s holdings are divided into two business areas: Core Investments and Financial Investments. Core Investments consists of listed holdings, in which Co. is a major owner, and its wholly-owned subsidiaries. Financial Investments consists of Co.'s investments in EQT and Investor Growth Capital, its partner-owned investments and other investments and activities.

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
Joachim Gunell

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