View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

  
reports
ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Jan Erik Gjerland
  • Patrik Brattelius

Costs under control, estimates up

Q4'23 above our expectations, in line with consensus. We raise our estimates on higher NII, stable opex; LLP muted. Huge upside if MOBA can manage its new and higher expectations.

ABGSC Financials Research ... (+2)
  • ABGSC Financials Research
  • Jan Erik Gjerland

Better NIM balanced higher loan losses

Q4'23: adj. PTP -1% vs cons / +17% vs ABGSCe amid better NII. Guide YE'25 lending NOK 15bn and ROE to 10-12% if still Norwegian. Consensus could come up 1-5% for 24e- 25e; stock up 1-5%

ABGSC Financials Research ... (+2)
  • ABGSC Financials Research
  • Jan Erik Gjerland

Reported beat amid trading, but miss on NII

Q3'23: adj. PTP -5% vs ABSCe amid just softer NII. Guide Q4 income of NOK 270m (in-line with ABGSCe). Consensus could come down 2-7% for 24e-25e amid LLP

ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Hanna Skolt
  • Jan Erik Gjerland

Macro uncertainty lowers 2H'23 guidance

Q2'23: adj. PTP -8% vs ABG, 0% vs consensus amid 5.1% LLP. Somewhat softer lending growth, but better margins. Income guiding 2H NOK 270m/quarter to bring 23e cons. down.

ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Hanna Skolt
  • Jan Erik Gjerland

Delivers according to plan

Q1'23: strong lending growth & cost improvements. Smaller est. rev.: lower NII (margins), better costs. Large upside to TP of NOK 7.5 (7.6) - BUY.

New interest

Save your current filters as a new Interest

Please enter a name for this interest

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search

ResearchPool Subscriptions

Get the most out of your insights

Get in touch