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Västra Hamnen Corp. Finance

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Crunchfish: Competition on the horizon

  • Commercialisation delays due to launch of UPI Lite X from NPCI
  • We have revised our valuation model and financial forecast
  • We lower our fair value to SEK 12.70 (25.80) per share

During the preceding quarter, the company achieved an important milestone by securing its first commercial deal in the Digital Cash business area with IDFC First Bank in India. However, the company has faced delays in the commercialisation process in connection with the introduction of UPI Lite X from NPCI. Revisions in our model have resulted in a fair value for the company of SEK 12.70 per share.

The full report is available here.

About Market Focus

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 (https://twitter.com/vhcorp_se)

Datum 2023-12-06, kl 15:46
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