Måsøval (Buy, TP: NOK42.00) - Expectations lowered for Q2
We expect Q2 operating EBIT of NOK238m (no reliable consensus available), with a pre-announced harvest volume of 7.6kt, corresponding to a group EBIT/kg of NOK31.3. Ahead of the full report (due at 06:30 CEST on 29 August), we have cut our Q2 estimates on assumptions of a lower superior share, minor cost adjustments, and a back-end loaded harvest profile. We reiterate our BUY and NOK42 target price.
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.