Self Storage Group ASA (Buy, TP: NOK20.00) - Growth on target
Self Storage Group (SSG) has announced nine site investments for NOK87m YTD, and thus looks to be on track to deliver on our growth forecast of 8-10 new sites per year 2018-20e. For Q3 (results due at 08:00 CET on 8 November), we expect revenues to be up 9% YOY and EBIT 10% YOY. We reiterate our BUY and NOK20 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.
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