SBB hits May lows, analysts point to local media coverage

Samhallsbyggnadsbolaget I Norden AB

04/11/2024 09:21

** Shares in debt-laden real estate company SBB  SBBb.ST 
fall 25% with analysts pointing to negative coverage of the
stock in local media over the weekend
    ** In an analysis published on Saturday, Swedish business
daily Dagens Industri recommended shareholders to sell the
shares, highlighting SBB's excessive debt and liquidity problems
    ** Carlsquare analyst Bertil Nilsson sees the story as a 
negative catalyst, given the article flags risk of bankruptcy 
    ** SBB was not immediately available for comment
    ** The stock is on track for its worst day since June 2023
  

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))