Börsveckan recommends buying Norva24 and Nelly in the latest issue. The magazine advises wait and see for Tebede, Hexatronic, Musti, Kindred and Neobo.
Infrastructure company Norva24 has had good growth both organically and through acquisitions in 2023, but profitability has lagged behind. In the third quarter, however, the trend turned upwards. Börsveckan now believes that the price decline provides an interesting buying opportunity in the 12-month term.
The owner company Tebede's core business is within the Spolar Group, which focuses on real estate services. It is a tough industry and the share is valued a little too high, the magazine says, and advises a wait-and-see approach.
Fiber communication company Hexatronic's stock has completely imploded after two strong years. The market is declining sharply and investor confidence in management is low, which is also reflected in the low valuation. The company is in need of a restart, according to Börsveckan, which chooses to wait.
E-commerce company Nelly Group turned to operating profit in the third quarter. The share has performed strongly this year. "We turn to buy, despite the price run-up," writes the magazine, which believes that the valuation is attractive.
Last week, a bid was made for the pet company Musti, which Börsveckan had previously marked buy. The bid premium is 27 percent and the magazine considers the bid level to be good. "As a shareholder, you can thank for the coffee and hand in the shares", Börsveckan writes with the formal advice to wait.
Betting company Kindred is shutting down its costly venture in the US, laying off staff and slimming its cost base. This is probably wise but also removes a lot of the growth potential, says the newspaper, which chooses to wait.
Real estate company Neobo's share has risen more than 30 percent since Börsveckan's buy recommendation in the spring, when the real estate sector has been strong recently. "We choose to step out of Neobo and lower the advice to wait," the magazine writes.
Börsveckan recommends buying Norva24 and Nelly
Published on 12/04/2023 at 04:41 am GMT
Finwire
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Translated by Marketscreener
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