Imint: Marching forward
Research Update
2019-11-29
07:30
We have lowered our forecasts following Imint’s Q3 report and management’s comments regarding the Chinese market, resulting in a decreased fair value range. We do believe, however, that the move towards cheaper phones and upsales to existing customers lay ground for double-digit growth over the coming years. We argue that the recent share price decline is excessive, and our updated base case offers upside from current levels.
MS
DB
Magnus Skog
Dennis Berggren
Disclosures and disclaimers