The Oslo Stock Exchange is a great place to invest in Norway’s stock market. Here are some of the best stocks that you should consider investing in.
Focused on the construction and repair of offshore drilling rigs, Siem Offshore is one of the biggest companies in Norway. With an impressive order backlog totaling six billion dollars, it’s expected to grow earnings by 25% annually for the next three years. It also sports a strong balance sheet with no debt and 695 million dollars in cash.
A spin-off from Waters Corporation, Iqvia Holdings is one of the largest European suppliers of clinical laboratory services, which operates in over 40 different markets worldwide. It provides lab equipment, information technology offers, and laboratory construction services.
Aimed at the Norwegian market, It Group is a leading supplier of hardware and software solutions for Norway’s IT professionals, engineers, and integrators. With over 20 years of experience in the field, it provides computer servers, storage systems, backup software, network switches, and routers.
As an offshore drilling contractor focusing on oil platforms situated in deeper waters than other players in the industry, Smedvig has risen to become one of Norway’s biggest drillers thanks to its high-specification equipment. The company recently won three contracts worth $660 million combined.
Europe’s largest listed commercial property company, Unibail-Rodamco, operates 2,783 properties in 12 European countries. The company has a diversified portfolio and is well-positioned to benefit from the recovery in the Eurozone.
It also benefits from being one of Europe’s most efficient retail landlords, with its occupancy rate at 98%, making it one of the best in the markets.
A dividend achiever, ConocoPhillips has paid a quarterly dividend raised every year since 1998. In addition, it boasts a great balance sheet to give investors peace of mind that their money will be safe should any problems arise. With no debt and over $15 billion in cash reserves, it has enough financial flexibility to ride out recessions and make significant acquisitions.
The biggest operator of airplanes to Europe that offers some of the cheapest flights hourly, SAS is an excellent company for investors. It has a dominant position in Scandinavia which allows it to have a significant market share, and its cost advantage over other airlines lends itself to being price competitive. Moreover, it’s become one of the most fuel-efficient airlines globally with their order for new planes.
One of Norway’s leading insurers by market share, Gjensidige also operates one of the largest savings banks in Norway with 1.3 million customers and $40 billion in assets under management (AUM). This financial strength allows them to weather recessionary periods and continue paying fat dividends to their investors.
Norway’s largest maker of disposable medical products, Bard, is one of Norway’s most significant public companies in terms of market capitalization. It manufactures all kinds of surgical sutures, staplers, and staple removers used by operating rooms worldwide.
Golar LNG Partners
LNG carriers and Golar LNG Partners have grown significantly due to increased global demand for LNG, with 80% of its fleet working on fixed-rate time charters that will provide reliable cash flow throughout the life of the vessels. Backed by a strong balance sheet, its growth will continue for years to come.
A management consulting firm, Ramboll has a strong presence in Scandinavia and recently expanded to Australia. With a very high market share, it makes its money from fee-based contracts, which gives investors assurance that it will continue generating profits into the years to come even if there is an economic downturn.
With over 42% of the world’s desalination capacity, Nel designs and manufactures systems used worldwide for brackish water, seawater, and municipal wastewater applications. It’s grown significantly due to a track record of organic growth and accretive acquisitions history.
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