In recent news, asset manager Capman has been removed from Inderes’ model portfolio. Analysts at Inderes believe that Neste’s current challenges are manageable and short-term in nature. The team made significant changes to its model portfolio, selling off Capman and adding Liquid in February.
Prior to the removal of Capman, it had a weight of four percent in Inderes’ model portfolio. However, with recent challenges in the business due to rising interest rates, the decision was made to divest from the stock. The analysts at Inderes expect Capman to reach a normal result level next year, but the return expectation was deemed too reliant on dividend yield.
On the other hand, Neste was added to the model portfolio in February with its share price dropping by 20 percent since then. The analysts believe that Neste’s short-term challenges, including refining margins and production ramp-up difficulties, are manageable. They anticipate growth in demand for renewable products by the end of the decade, leading to a positive return on investment. The model portfolio now has a higher cash weight due to the recent transactions, which analysts view as a strategic move given the current market conditions.
Inderes closely follows the trades made by its model portfolio team and provides transparent insights into their decision-making process. Despite removing Capman from its model portfolio, Inderes continues to offer buy recommendations for Neste citing an attractive target price and growth potential. Overall, Inderes’ model portfolio reflects shifting dynamics of