Wilh. Wilhelmsen Holding (Buy, TP: NOK555.00) - Cash should seep through
As we expect prosperous years ahead for car carrier shipping, we forecast strong, steady cash flow for Wilh. Wilhelmsen (WWI). Even after increasing our investment estimates, we arrive at a considerable overshoot that should find its way to investors at some point. We reiterate our BUY and have raised our target price to NOK555 (530).
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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