NuWays reiterates Buy on Asmallworld, cuts price target to CHF 1.4
NuWays reiterated a BUY on Asmallworld, cutting its 12-month target price to CHF 1.4 from CHF 2. H1 net sales fell 36% to CHF 5.6 million, reflecting exits from low-margin hospitality projects and parts of the events business. EBITDA rose 11% to CHF 0.47 million, lifting the margin to 8.4% as total opex dropped 38% to