This is my current watchlist for norwegian stocks:
HNB:
Hafslund is a public traded company who mainly produces, distributes and sells electricity. The most interresting part here is the electricity network, which gives a wide investment moat. This secures a steady cashflow regardless of the market conditions.
On the negative side, the largest owner is the municipality of Oslo. They also have a political agenda in their corporate governance. Earlier this year they stopped the sale of Hafslunds sales division.
This year HNB increased the dividend from 2.5 nok to 3 nok a share. With yesterdays price of 78,75 nok a share, this represents a yearly dividend of 3,8 %
P/B is 1,69 and estimated P/E 12,17 (Bloomberg)
I find this a little too expencive and will wait to buy this until it falls back below 70 nok a share.
Weifa:
Weifa is one of Norways leading suppliers of medicines and lifestyle products, and is Norways largest supplier of non-prescription medicines.
P/B is 0,77 and P/E 54,5
valueinvestor 