Redeye: Navigo Invest - A holding company and strategic acquirer blend
Redeye initiates coverage of Navigo Invest, a holding company of strategic acquirer platforms. We judge the company’s recent divestments and acquisitions to have obscured underlying value, as reported financials do not yet fully reflect underlying earnings power. We believe all subsidiaries being fully consolidated and seeing growth from a recovering economy could drive share price appreciation in 2024e–2025e.
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