We launch coverage on Swissquote Group, the online trading platform and bank. We believe a combination of factors including innovative product launches, footholds in high-growth markets (APAC, MENA) and reaching a point of scale has positioned SQN for best-in-class revenue (organic 20%) and robust pre-tax profit margins (40%) in the next three years. Our valuation range of CHF 200-250 implies SQN''s potential is underappreciated and we expect a re-rating.
More Fintech than Bank
We believe SQ ....
24 Sep 2021
Swissquo-lity
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Swissquo-lity
Swissquote Group Holding Ltd. (SQN:SWX) | 0 0 0.0%
- Published:
24 Sep 2021 -
Author:
Swaminathan Kartik SK -
Pages:
57
We launch coverage on Swissquote Group, the online trading platform and bank. We believe a combination of factors including innovative product launches, footholds in high-growth markets (APAC, MENA) and reaching a point of scale has positioned SQN for best-in-class revenue (organic 20%) and robust pre-tax profit margins (40%) in the next three years. Our valuation range of CHF 200-250 implies SQN''s potential is underappreciated and we expect a re-rating.
More Fintech than Bank
We believe SQ ....