Report
Geir Hiller Holom
EUR 94.52 For Business Accounts Only

Medistim (Buy, TP: NOK385.00) - Research boost

Q4 kicked off with support in a consensus academic paper published in the official journal of the American Heart Association stating “TTFM should be used in every CABG case”, and rounded off with Omicron (although we only expect a limited negative impact on sales from the latter in Q4). Following a change of analyst we have upgraded to BUY (HOLD) and reiterate our NOK385 target price. The Q4 results are due at 08:00 CET on 25 February.
Underlying
Medistim ASA

Medistim is engaged in the developing, producing, service, leasing and distribution of medical devices. Co. develops, manufactures and brings to market the quality assessment systems VeriQ™ and VeriQ C™ for cardiac, vascular and transplant surgery. In addition, Co. is a distributor of other medical devices through its subsidiaries: Medistim Norge AS, Medistim Danmark Aps and Medistim Deutschland GmbH. The products distributed are mainly medical devices within all types of surgery.Minus income tax paidInbound VAT receivable

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
Geir Hiller Holom

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