Compared to Sweden Finland seems to have been much better prepared for the coronapandemic. Therefore I took some time to look into
Finlands 50 largest companies by turnover. Probably some of them are doublelisted on other exchanges. I went through all of them by reading their description. They are traded in Euros (EUR).
The following were interesting to me:
Kone is the world’s fourth-largest supplier of elevators and escalators. The company generates revenue in three ways: selling new elevators and escalators, overhauling or modernising old equipment, and servicing its installed base. Most of the company’s profit comes from the latter activity.
Sampo is an insurance company that generates revenue through property and casualty insurance, life insurance, and banking services. The vast majority of the company’s revenue is generated through property and casualty insurance, followed by its banking arm Nordea. The company operates primarily in the Nordic and Baltic regions.
Fortum is an energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India.
UPM-Kymmene is a paper and biomaterials company. The company produces products related to the forestry industry including paper, pulp, and plywood. UPM is also a major electricity generator in Finland and is one of the global producers of self-adhesive labeling materials. Geographically, the company has operational footprints in Sweden, Finland, the Netherlands, and other regions.
Stora Enso is a papper and biomaterial Company. It produces different Products related to the forestry industry. Stora Enso is also producing fiberbased material for conumption Products. A majority of the sales are genereted from Europé. China is an important emerging market.
Huhtamäki Oyj manufactures and sells consumer packaging products in four segments based on product type and geography. The North America segment, which generates more revenue than any other segment, sells foodservice packaging, which includes disposable tableware under the Chinet brand. The segment also sells packaging for a variety of consumer food products made from both paperboard and plastic packaging. The foodservice Europe-Asia-Oceania segment sells cups, plates, bowls, cutlery, and takeout packaging to restaurants. The flexible packaging segment sells packaging for food, drinks, pharmaceuticals, and personal care products. The fiber packaging segment sells egg cartons, fruit trays, and cup Carriers.
Valmet Corp is a Finland-based company that supplies technologies, automation solutions, and other services to customers in the pulp, paper, and energy industries. The company has four segments: Services, Automation, Paper, and Pulp and Energy. The Services segment contributes the largest proportion of revenue and provides offerings that are intended to increase the environmental or cost efficiency of its customers’ production processes. Roughly half of Valmet’s sales are generated in Europe, the Middle East, and Africa region.
Nokian Tyres PLC makes and sells rubber tires under the Nokian brand name for automobiles, commercial vans, and commercial trucks. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger car tires, Heavy tires, and Vianor. The passenger car tires segment generates the majority of revenue, most of which comes from Europe and Russia.
Metsa Board Oyj manufactures and sells a variety of fibre-based products. Its product portfolio includes pulp, boxboard, and linerboard, which are used in foodservice and consumer goods packaging. The company’s customers are typically boxboard printers, carton board manufacturers in the food, cosmetics, and pharmaceutical industries, and manufacturers of branded goods and wholesalers. Metsa operates fiber mills that produce its fiber-based products from timber. The majority of revenue is generated in Europe. Metsa also operates in the Americas and the Asia-Pacific region.
Konecranes Oyj provides lifting equipment and services for manufacturing industries, shipyards, ports, and terminals. It offers cranes, material handling solutions, and other components geared toward transporting and organizing supplies. Workstation lifting systems, trucks, and various hoists include advanced technologies to increase control and equipment capabilities. Products are marketed through various brands, and sales offices are in multiple regions. The company’s global service network provides a full range of service solutions, specialized maintenance, and modernization services for equipment and tools. Inspections, spare parts, and preventive maintenance programs enhance efficiencies and extend product lifecycles.
Cargotec Oyj provides cargo and load handling solutions. Its product portfolio consists of a wide range of handling equipment and solutions, including services for terminals and distribution centers, spare parts for on-road delivery, and systems for handling marine cargo. Mobile equipment mixed with automation and energy-efficient offerings helps customers integrate different handling processes. Cargotec operates three business segments: Kalmar, Hiab, and MacGregor. The majority of sales derive from distributing products, but a global network offers services and components. Customers range from small businesses to large national organizations. The company has established customer relationships in Europe/Middle East/Africa, Asia-Pacific, and the Americas.
Lassila & Tikanoja Oyj provides waste management and recycling operations, cleaning and repair services, construction, and other environment-related activities. It works to reduce waste, extend useful lives of properties, recover materials, and reduce energy consumption. The company manages different forms of waste, including electrical equipment and paper. The waste is transformed into raw materials and fuel for power plants. Lassila & Tikanoja has four primary business divisions: environmental services, industrial services, facility services, and renewable energy sources. Cleaning staff become familiar with customers’ premises and perform environmentally friendly cleaning methods. In addition, the company provides maintenance and installation for technical equipment and machinery.
My take Fortum, Valmet and Nokian Tyres are my top picks. I like Cargotec. There is high probability that the dividend will be changed to 0.
My plan I expect the market to bounce up before it continues down. My plan is to buy and hold for years for my long term portfolios. If we get into a deep recession most stocks will go down , perhaps 30-80 percent from the top. It will not be nice to hold. However the upcoming bear market bounce could last for months. It’s hard to buy exactly at the bottom and I could also be wrong. The market could retest the all time high. However there are many similarities with the crash 2000 during the Tech boom. A lot of new Tech (Cell phones, computers etc) which got everyone interested in buying but still the recession came.
I decided to start with small positions. My minimum broker fee is about 0,1 EUR for a position of 60 EUR. I bought 3 of Valmet, 3 Cargotec, 7 of Fortum and 5 of Nokian Tyres. I might buy some more the next few weeks especially if the price dips down. I will dig deeper into these companies. I will update my
portfolio at the end of the month.
I remain mainly in cash and do not plan to buy and hold much the upcoming months. Question is what should I do with my cash? I’m able to put in more cash. I have some in my trading account and most of my longterm holdings are allocated to Bitcoin and Ethereum.