Here is a recent company report on Pallas Air, typed by Thomas.
Pallas Air’s H2 revenue met our expectations, but the result fell short of both our forecasts and the comparison period’s level. In the short term, the investment narrative focuses on implementing a turnaround in results, even though the new financial targets pave the way for a significantly larger scale. At the current share price, the stock’s risk/reward ratio remains unbalanced in our eyes until we see signs of progress in the earnings turnaround and strengthening of the balance sheet, which is exposed to financing risks. We reiterate our target price of 0.70 euros and our sell recommendation.
