Report
Alexander Aukner
EUR 91.87 For Business Accounts Only

The Kingfish Company (Buy, TP: NOK26.00) - CMD scheduled for 1–2 September

We expect an operating/financial update for ongoing production and expansion in the Netherlands at the company’s CMD (scheduled for 1–2 September), as well as a status update on the financing of its US expansion in Maine. A slower ramp-up of new projects than expected in the tougher financing environment has led us to cut our target price to NOK26 (34); however, given the significant upside potential, we reiterate our BUY.
Underlying
The Kingfish Company NV

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
Alexander Aukner

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