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SEOAY.PK

ISIN: US86210M1062
SEDOL: 2632478

Rating:

SELL

Target Price:

5.86 USD

Investment Horizon:

6 to 12 months
15th Jan 2009 View Report   Download

Company News Alert

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The Stora Enso OYJ (Stora Enso) European R stock price has declined significantly since our last update report, which reflects the impact of global economic slowdown, volatility in equity markets, and declining paper demand in European markets. Therefore, although our target price does not support a holding rating, we maintain our HOLD rating for the European R stock given these factors and will reassess our target…

11th Dec 2008 View Report   Download

3Q 08 Update Report

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Stora Enso OYJ (Stora Enso) reported a y-o-y decline in its revenues during 3Q 08, as weak performances from its Magazine paper and Wood product segments offset growth in its Fine paper, Consumer board and Industrial packaging segments. This coupled with a rise in rising wood and energy prices caused a decline in its adjusted2 operating margin during the…

5th Nov 2008 View Report   Download

Company News Alert

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The Stora Enso OYJ (Stora Enso) European R stock reached our target price on 04 November 2008, driven by positive reaction to the company’s restructuring initiatives, which involve the closure of unprofitable mills in an effort to offset high wood costs and improve long term profitability. However, as the global economic downturn appears to be having an impact on demand for paper in the company’s major markets, and as we anticipate…

23rd Oct 2008 View Report   Download

3Q 08 News Alert

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Stora Enso OYJ’s (Stora Enso) 3Q 08 adjusted1 operating income and net income declined y-o-y, reflecting weak revenue performances from the Newsprint, Magazine Paper and Wood Products businesses, augmented by high raw material costs. Although the company is taking steps to restructure its business and safeguard profitability, we remain concerned about the ongoing impact of rising wood prices and potential weakness in paper demand on account…

15th Oct 2008 View Report   Download

2Q 08 Update Report

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Stora Enso OYJ (Stora Enso) reported a marginal decline in its 2Q 08 top-line reflecting weak performances from its Magazine paper and Wood product segments, which offset growth in Newsprint & Book paper, Consumer board and Industrial packaging segments. Adjusted1 operating margins declined with rising wood and energy prices and reduced revenues....