MHGVY - Mowi ASA: Great Entry Point For A Quality Aquaculture Pick (Rating Upgrade)

2024-06-25 12:12:11 ET

Summary

• Mowi ASA has been a stable performer in the aquaculture industry, impacted by resource rent tax but showing potential for growth.
• Mowi's valuations present a compelling entry point, with a potential upside of 26% to 46% based on conservative scenarios.
• Aquaculture is a crucial source of protein globally, with Mowi strategically positioned to capitalize on growing demand and technological advancements.
• Accordingly, we are upgrading our rating on Mowi from "Hold" To "Buy".

Aquaculture remains one of our favourite long-term investing themes, and Mowi ASA ( OTCPK:MHGVY ) has been a stable and reliable performer over the years....

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