Talenom's Finnish core business continues to reliably generate strong cash flow, but investors doubt the sensibility of international growth. Profitability turnarounds in Spain and Sweden could also reverse the share price development.
Under sin nya strategiperiod strävar Finnair efter lönsam tillväxt och att stärka intäkterna utanför biljetterna, samtidigt som bolaget genomför en förnyelse av sin flygplansflotta med smalflygplan.
We find the pricing still seems reasonable, considering our significantly raised earnings estimates and the expectation of substantial earnings growth.
We raise our target price for Scanfil to EUR 12.50 (was 11.50 €) on the heels of slightly increased long-term growth estimates. Following the robust progress of the share price over the past year, the positive earnings growth projected in our forecasts has already been factored into the share. In our view, this narrows Scanfil's short-term expected return, even though the long-term story remains quite attractive.
KPY övergår för närvarande från att vara en traditionell balansräkningsinvesterare mot en hybrid av balansräkningsinvesterare och fondförvaltare, då bolaget samlar en ny kapitalplaceringsfond och siktar även på infrastrukturfonder.
Following Hafnia's Q1 2026 quarterly report, we have updated our investment case on the company. Our updated investment case covers the key investment reasons, risks, and valuation perspective relative to product tanker peers.
