Skistar (Buy, TP: SEK130.00) - Turning focus to 2020/21 season
Covid-19 cut the 2019/20 high season short and, as expected, put a huge dent into SkiStar’s Q3 results. We still see SkiStar recovering quickly in 2020/21, supported by a good calendar effect. We have slightly raised our 2020/21–2021/22 EPS estimates given a supportive pre-booking situation and pricing initiatives. We like SkiStar’s operating model, pricing power, and favourable market trends (including ESG). We reiterate our BUY and SEK130 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.