The Helsinki Stock Exchange opened on Wednesday with a 0.1% decline, while Asian stock markets improved from yesterday’s decline. In the US, chip manufacturer Nvidia is under pressure to announce its results after the market closes. Meanwhile, restaurant operator NoHo Partners has announced an update to its strategy and long-term financial goals for the years 2025-2027. The company aims to achieve a turnover of around 400 million euros in Finland and create shareholder value through profitable growth in international business. NoHo’s shares were thinly traded in the morning market close to yesterday’s closing readings.
Analysis house Inderes dropped car trading company Weatherin’s target price of the share to EUR 0.45 and repeated the recommendation to reduce the share. OP’s stock recommendation rose one notch to reduce level from sell level, and the target price remained unchanged at 0.45 euros. Wetter’s turnover increased rapidly in the beginning of the year, supported by acquisitions, but the adjusted operating profit was slightly below previous year’s level. The car trade was promised a slow recovery this year.
Housing investment company Housing Portfolio announced that it had refinanced all loans of its subsidiaries in Finland for EUR 100.3 million maturing loans, with Finnish subsidiaries taking out new loans worth EUR 88 million euros and parent company taking out a new loan worth EUR 8 million euros, resulting in a reduction of total interest rate for renewed loans is estimated at 5
