“The kind of stock that you can always buy” – One company further assures the investment writer

In the last quarter of last year, the companies on the Helsinki Stock Exchange made a turnaround. The majority of listed companies increased their operating profit in the last quarter of last year, so the earnings season has been filled with optimism.

But what do the results look like when looking at individual companies from the level of the entire stock exchange? At the Market Council, the discussants singled out, for example, the forest industry and a couple of individual companies as positive surprises, i.e. Verkkokauppa.com, Calamari and I know.

Nordea and Sampo both announced strong results for the last quarter of last year. Private investor and investment writer Karo Hämäläinen says he is not interested in buying Nordea, but is interested in Sampo instead.

Hämäläinen says that he added Sampo to his portfolio in February, when the non-life insurance company’s share price fell in response to the American insurance company’s reduced insurance premiums for Tesla drivers. Hämäläinen found the exchange rate incomprehensible and he pressed the buy button.

“Sampo is such a stock that you can always buy it when you can’t think of anything else,” he says.

Reversing In this reported a strong result, but the guidance caused nervousness in the market. The market’s expectations for Neste have risen again, he says Actian portfolio manager Paavo Ahonen.

“In terms of earnings, expectations have risen a bit again and the exchange rate has also risen. There was a lot of interest in the company’s guidance, what it will be like. They will perhaps talk a little more cautiously about the volume growth on the renewable side for this year,” says Ahonen.

“The reasons may be internal to the company, that there are more maintenance shutdowns than expected, but also external factors related to the market. This at least partly diluted the otherwise good result.”

Machine shops have been and still are the star industry of the Helsinki Stock Exchange, notes Paavo Ahonen. The profit status of engineering companies is good, although it is sometimes contradictory.

“If you think about this earnings season, it was a bit more contradictory than before. Now there was a bit of variability between the companies, but there is still a strong mood and, for example, companies like Wärtsilä and Rootsthe short-term outlook is good,” says Ahonen.

According to the Market Council, there have been at least some disappointments in the results period Kemira, Kamux and last year’s listed company Framery.

“I expected more from last fall’s IPO, i.e. Framery, because IPOs are usually structured in such a way that the first published result as a listed company exceeds the market’s expectations and at least exceeds my own forecasts. It went really well with my own forecasts, but then the expected overshoot from a new listed company was missing,” says Hämäläinen.