"The stock has underperformed, the valuation is attractive, Unibet is a buy candidate and we expect a lower risk premium for the sector. The high season has started and the expectations are that the margin within sports betting and the profit growth will normalise in the third quarter [of 2009]," Swedbank said.
At 14:38 CET on Monday, the Swedish depository receipts (SDR) in Unibet traded at SEK175.50, up by 1.45% from opening, on the OMX Nordic Exchange in Stockholm.
(EUR1 = SEK10.2)
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