Salmones Camanchaca (Buy, TP: NOK80.00) - Chile in a sweet spot
While Norway continues to struggle with biology, Chile continues to improve, with harvest weights now rivalling those of the Faroe Islands. We expect Chile to continue to improve, and being in a sweet spot, Salmones Camanchaca stands to benefit. We have raised our target price to NOK80 (67) and upgraded the stock to BUY (HOLD). We expect Q3 operational EBIT of USD19m, in line with consensus (results due at 17:00 CET on 13 November).
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.