We have lowered our forecasts following Imint’s Q3 report and management’s comments regarding the Chinese market, resulting in a decreased fair value range. We do believe, however, that the move towards cheaper phones and upsales to existing customers lay ground for double-digit growth over the coming years. We argue that the recent share price decline is excessive, and our updated base case offers upside from current levels.

info@redeye.se (Redeye.se)

Redeye AB - Redeye.se