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Asetek: Short-term uncertainty, long-term conviction - SEB

Despite short-term disruptions, Asetek’s continued strong product pipeline indicates that the underlying market demand for its G&E products remains solid, in our view. While we fine-tune our 2021 estimates, our long-term estimates remain largely unchanged. Our mid-point DCF valuation is unchanged at NOK 70 per share (fair value range of NOK 46-105).

Despite short-term disruptions, Asetek’s continued strong product pipeline indicates that the underlying market demand for its G&E products remains solid, in our view. While we fine-tune our 2021 estimates, our long-term estimates remain largely unchanged. Our mid-point DCF valuation is unchanged at NOK 70 per share (fair value range of NOK 46-105).
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