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Västra Hamnen: Crunchfish - Turning eastward

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Västra Hamnen Corporate Finance has released a research update on Crunchfish AB. With the company's increasing focus on mobile payments in India, we have now included the Indian market in our valuation model. This justifies an upgrade of our valuation range for the Crunchfish share, writes Västra Hamnen.
 

  • Vast opportunities in Indian mobile payments
  • We include India in our model but scale back on other areas
  • Together we see a higher fair value for the share

Crunchfish is investing ever more time and effort in the Indian market. What sounded like a distant opportunity only six months ago, is rapidly being transformed into a firm strategy. With its huge size and explosive growth, the Indian mobile payments business could emerge as the most attractive use case in Crunchfish’ portfolio of opportunities. We have therefore decided to include the Indian market in our valuation model at this point. We still see considerable risk in the venture; therefore, we apply tough risk adjustment for now and make only a modest valuation upgrade at this juncture.

The full report is available here.

The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se

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