The Kingfish Company (Buy, TP: NOK34.00) - EU and US operations in focus
We are positive ahead of the business update (due at 08:00 am CET on 14 April), as we expect more details on the expansion and development of Kingfish’s US (Kingfish Maine) and European (Kingfish Zeeland) operations. We also expect quarterly data points on sales performance in 2020, as only average sales figures have been released. We reiterate our BUY and NOK34 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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