Västra Hamnen: Crunchfish - coping with corona
Västra Hamnen Corporate Finance has released a research update on Crunchfish following its report for Q1 2020. COVID-19 presents obstacles, but also a few opportunities for the company. We maintain our valuation interval following unsurprising numbers for Q1, writes Västra Hamnen.
- Reported numbers in line with expectations
- Moving forward despite COVID-19 obstacles
- We maintain our valuation interval SEK 25.30 – 40.10 per share
Crunchfish’ financial statement for Q1 came in very well in line with our expectations. The report is largely a summary of recent press releases and we did not spot any noteworthy news. The company is moving forward with its strategies towards mobile payments in India and Sweden as well as its gesture technology. As all other companies, Crunchfish is facing obstacles due to the COVID-19 pandemic, but the present situation could also present a few opportunities.
The full report is available here.
The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.