Update Handelsbanken – HOLD | Value Investing News

Update Handelsbanken – HOLD

  • The Group’s operating profit increased by 18% to SEK 6,110m (5,161).
  • The short answer is: I don’t know, but I think there is a good probability that Handelsbanken can not only survive but at some point in time really gain market share again especially from other traditional banks that execute poorly.
  • At the current valuation (P/B 1,3, P/E ~10) I think the stock is good value.
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