A media stock that's up 163% in a year - what's there not to like?
But analysts aren't buying into Sanoma's turnaround as they don't see how it can generate growth needed to support level of its share price
Helsinki
EUROPE'S best-performing media stock is also among the least liked by analysts. Finland's Sanoma Oyj has more than doubled in value in the past year, helped by a return to profit after five quarters of losses.
The Helsinki-based company has cut jobs, assets and costs. Still, analysts aren't buying into the turnaround - just one out of the eight who follow Sanoma recommend purchasing the shares.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard