{"id":535270,"date":"2010-04-20T08:50:00","date_gmt":"2010-04-20T12:50:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:425638"},"modified":"2010-04-20T08:50:00","modified_gmt":"2010-04-20T12:50:00","slug":"nokia-worth-watching-in-second-half-of-2010","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/535270","title":{"rendered":"Nokia worth watching in second half of 2010"},"content":{"rendered":"<p><a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=NOK&amp;id=276694\" >Nokia Corp.<\/a> is scheduled to release its first quarter results on Thursday, but Gus Papageorgiou with Scotia Capital is not expecting anything other than an &quot;unremarkable&quot; quarter for the cell phone maker.<\/p>\n<p>Instead, the company looks to be in a bit of a holding pattern until the second half of the year, when it rolls out new products and software.<\/p>\n<p>&quot;We have become incrementally more positive ono Nokia after stronger than expected fourth quarter results but we do not expect any significant upside catalysts until later in the year,&quot; he said in a note. &quot;Additionally, the valuation is not terribly attractive.&quot;<\/p>\n<p>For the quarter, Mr. Papageorgiou expects 9.5-billion euros in revenue and EPS of 0.13 euros, slightly more negative compared with consensus 9.7-billion euros and 0.14 euros respectively.<\/p>\n<p>&quot;From a trading perspective we would rather wait until after the quarter to own Nokia. At this stage we believe the good news of a handset recovery is factored in,&quot; he said. &quot;We believe the second half success of the new Symbian OS and accompanying devices will dictate the share price as we move through 2010.&quot;<\/p>\n<p>As well, once the company pays out its dividend there wil likely be a sell off, he said.<\/p>\n<p>Mr. Papageorgiou maintains a Sector Perform rating and one-year target price of US$18 for Nokia.<\/p>\n<p><a href=\"mailto:erlam@nationalpost.com\">Eric Lam<\/a> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=425638\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nokia Corp. is scheduled to release its first quarter results on Thursday, but Gus Papageorgiou with Scotia Capital is not expecting anything other than an &quot;unremarkable&quot; quarter for the cell phone maker. Instead, the company looks to be in a bit of a holding pattern until the second half of the year, when it rolls [&hellip;]<\/p>\n","protected":false},"author":4586,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-535270","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4586"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=535270"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535270\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=535270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=535270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=535270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}