Inderes’ Model Portfolio Shifts as Analysts Predict Recovery for Neste and Departure of Capman

Recently, asset manager Capman was removed from Inderes’ model portfolio. According to analysts, Neste’s current challenges are manageable and short-term in nature. In February, Inderes made significant changes to its model portfolio by selling off Capman and adding Liquid.

Capman previously had a weight of four percent in Inderes’ model portfolio. The team now views the valuation of the stock as relatively neutral and has chosen to allocate funds elsewhere. Capman had been in the model portfolio since 2013, but with recent challenges in the business due to rising interest rates, the decision was made to divest. The analysts at Inderes expect Capman to reach a normal result level next year, but they believe that the return expectation was too reliant on dividend yield.

On the other hand, Neste was added to the model portfolio in February, with its share price dropping by 20 percent since then. The analysts believe that Neste’s short-term challenges, including refining margins and production ramp-up difficulties, are manageable. They anticipate growth in demand for renewable products by the end of the decade, leading to a positive return on investment. The model portfolio now has a higher cash weight due to these recent transactions. This move is viewed as strategic given the current market conditions by analysts who closely follow trades made by the model portfolio team and provide transparent insights into their decision-making process.

Despite making changes to its model portfolio, Inderes continues to offer buy recommendations for Neste citing an attractive target price and growth potential. Overall, Inderes’ model portfolio reflects shifting dynamics of the market and seeks capitalize on opportunities while remaining transparent in its approach.