SWISSQUOTE turns up the heat!

Free Issue No. 13 of 01.07.2021
The share price fluctuations of the Swiss online bank SWISSQUOTE are clearly increasing. The "online professional" reported on 16 June 2021 that a record half-year result was to be expected thanks to extraordinary growth. The strong organic growth that has been ongoing for months continued at SWISSQUOTE as expected! A massive influx of new clients and corresponding new money are driving a huge increase in trading activities or revenues in the most important revenue streams, in the commission, eForex and cryptocurrency business. Net revenues for the first half of 2021 are now estimated at around CHF 260 million, up from CHF 160.7 million last year. Pre-tax profit is expected to more than double to CHF 130m. More details will be available when the half-year results are published on August 6.
SWISSQUOTE has surprised the market so much with this positive news that the share price has shot up by over +20% in the meantime. Our current price target of CHF 165 was narrowly missed at the peak of CHF 163.60 for the time being. Subsequently, the increased prospects were somewhat put into perspective and the share gave up some of the ground it had gained. The fact that the high could not be maintained in such a short time is not surprising. The huge and rapid rise in the share price led individual investors to take profits; after all, the share price has already had a "nice" run. Can it get any better or is that it? SWISSQUOTE is a fintech flagship company and benefited from the corona pandemic, among other things. However, growth should remain sustainable and thus - contrary to general opinion - continue. We consider the starting position to be advantageous: the valuation is falling and so, if the strong forecasts are confirmed, a price/earnings ratio of a low 11x for 2021 is still calculated! "If the world does not fall apart", SWISSQUOTE should be able to continue its positive share price performance. Target price: CHF 165; another increase conceivable!

SWISSQUOTE N is listed on the SIX Swiss Exchange under the symbol SQN, the security number is 1'067'586, last price approx. CHF 142.20.