Handelsavisen has updated its investment thesis for New Horizon Aircraft Ltd (HOVR.O) following an internal data audit that corrected sector classification errors.
The revision stems from a sector-fix batch process executed on July 13, which re-analyzed the company’s positioning via a direct GICS path to resolve prior contamination in the dataset.
The correction ensures that New Horizon Aircraft is now benchmarked against the appropriate aerospace and defense peers, rather than being skewed by misaligned sector data.
This structural fix is critical for accurate relative valuation and risk assessment, particularly for a specialized manufacturer operating in a niche segment of the aviation supply chain.
In our updated analysis, New Horizon Aircraft holds a composite score of 62.67 out of 100.
This rating reflects the company’s fundamentals after the sector alignment was corrected.