contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


oscar-properties-several-positives-amid-macro-challenges-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Oscar Properties Holding

Top-line estimates up due to acquisitionsCEPS and NRV estimates down on higher interest rates~19x P/IFPM and ~0.40x P/EPRA NRV in 2023eAcquisition outlook relatively well offWe note that OP ...

Top-line estimates up due to acquisitions CEPS and NRV estimates down on higher interest rates ~19x P/IFPM and ~0.40x P/EPRA NRV in 2023e Acquisition outlook relatively well off We note that OP signed ~SEK 1.3bn of acquisitions of in Q2 when most competitors have been unable to do similar, and we see these additions contributing to a better total portfolio. OP’s CEO confirms steadfast activity on the transaction market for high-yielding industrial properties and believes that prices on these properties will hold up due to: 1) sellers generally having sturdy balance sheets and declining poor bids, and 2) many property owners looking to expand into the segment due to solid cash flows. We keep ~SEK 500m of template acquisitions in ’23 and ’24, respectively (~SEK 1bn prev.), due to OP’s explicit growth profile (targets SEK 20bn in ‘24e) and the encouraging market outlook. We halve our assumptions to reflect lower acquisition headroom, as the share discount to EPRA NRV has risen, limiting the likelihood of new share issues. Organic growth improvements and cash contribution Although it is not included in our forecasts, we note optimistic signals for internally generated growth. OP has issued a press release stating that new leasing in April was SEK 6.7m (with no major cancellations) and management confirms a cautiously optimistic view of the succeeding months. Moreover, we expect the last cash contribution (SEK 240m) from the divestment of project Primus to have been received in Q2. In terms of CEPS and NRV estimate revisions, we have increased our repo rate assumptions on the back of soaring interest rate expectations, with our figures now reflecting hikes of +25bps in June, Sept. and Nov., respectively, for a total of +150bps until 2024e (+100bps previously). The ‘22e CEPS revision is an outlier, as no critical mass has yet been reached. We also assume declining property values of ~10% (excl. inflation and value gains) between Q4’22e and Q4’23e, causing EPRA NRV to fall in ’... Läs mer på ABG Sundal Collier