DnB Markets - Weifa ASA Continuing to deliver as planned

Report

DnB Markets

Patrik Ling

Continuing to deliver as planned

Weifa (WEIFA NO, Buy) - Continuing to deliver as planned
(13 pages)

13/07/2017 13 EN

Underlying

Weifa ASA

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NO0010308240 Norway

Provider

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.

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Analysts

Patrik Ling

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Summary Weifa ASA (Weifa), formerly Aqualis ASA, is a pharmaceutical company that conducts the research and development, manufacture, distribution and sales of pharmaceutical products, lifestyle products and solutions. The company has over the counter (OTC) pharmaceutical market in Norway offering products for pain relief; treatment of cough and colds; dermatology; Nutraceuticals; dietary supplements; and wound treatment among others. Its research and development activities focus on prescription drug products, OTC products and nutraceuticals. It offers products to consumers, customers and pro...

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Karo Pharma AB has made a voluntary offer to acquire all shares in Weifa. As DNB Markets has been engaged by Karo Pharma AB as a financial advisor in connection with the deal, we now have no recommendation (previously BUY) or target price (previously NOK35) on Weifa.

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Continuing to deliver as planned

Weifa ASA (WEIFA) - Oil & Gas - Deals and Alliances Profile

Voluntary offer made

Electrolux Professional (Hold, TP: SEK75.00) - Q4 looks set to be a repeat of Q3

Electrolux (Hold, TP: SEK92.00) - Uncertainty remains high

Novo Nordisk (Buy, TP: DKK1040.00) - Disappointing CagriSema data

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