The Kingfish Company (Buy, TP: NOK34.00) - Model update
Following The Kingfish Company’s 2020 annual report and Q1 2021 update, we have made some adjustments to our model. We expect sales revenues from US phase-1 to materialise slightly later than before, while capex should follow a smoother profile than our previous more front-end-loaded assumptions. The amendments do not change the long-term fundamentals of the case, and we reiterate our BUY and NOK34 target price, which suggests 31% upside potential.
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.