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ALFVY - Alfa Laval Buoyed Again By Strong Marine Results
Alfa Laval AB ADR
As has been the case for most multi-industrials, particularly in the capital goods sector, Alfa Laval (ALFVY) (ALFA.ST) has shaken off some of the malaise that had pushed the shares down until relatively recently – while Alfa has outperformed its industrial peers since my last update, the 6-month and 12-month comparisons have Alfa lagging the market as sell-siders and investors have grown worried about what will happen as scrubber orders start to fade.
Although I’m not wild about the valuation (nor the valuation on industrials more broadly), this is still a