Handelsbanken: There is still time to save shareholders' money in SSAB
The bank lowers its earnings forecasts for 2024-2025 by 6 and 13 percent respectively. Despite the adjustments, Handelsbanken is 50-60 percent higher than the market for 2025-2026.
SSAB releases its report on January 29. Handelsbanken points out that market expectations are reasonable ahead of the report.
At the same time, the bank is critical of SSAB's planned giant investment of just over SEK 70 billion, which it believes is value-destroying.
"If SSAB continues on its current course, we believe there is a great risk of significant value destruction and a depressed valuation for a long time to come," the bank writes.
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