May 26, 2016 / 6:51 AM / a year ago

NORDIC STOCKS - Factors to watch on May 26

The following stocks may be affected by newspaper reports and other factors on Thursday:

DONG ENERGY IPO-DONG.CO

The Danish utility on Thursday set an indicative price range for its planned initial public offering (IPO) implying a market value of 83.5 billion to 106.5 billion Danish crowns ($12.6-16.0 billion).

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SEADRILL

The Norwegian oil rig firm posted forecast-beating first-quarter core earnings and said it expected a somewhat lower result for the second quarter compared to the first.

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SEVAN DRILLING

The Norwegian rig firm reported a 67 percent drop in first-quarter core earnings and said liquidity remains sensitive to the performance of rigs under their contracts, availability of financing and other market conditions.

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ODFJELL DRILLING

Norway's financial services regulator has requested that the company writes down the value of two of its rigs, Odfjell Drilling said in its first-quarter report. The company disagrees, and may appeal, it added.

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SCA

The Swedish hygiene product maker's Chinese subsidiary Vinda prioritises sales growth over improving profitability and aims for a 10 percent annual sales growth with gradually improving gross margins, its CEO told business daily Dagens Industri.

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Reporting by Copenhagen, Oslo, Helsinki and Stockholm newsrooms

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