Late Snack fra HC Andersen Capital

Welcome Snackers, today’s snack will cover the market developments of Curasight, DSV – Global Transport and Logistics, HusCompagniet A/S and OrderYOYO.

Today’s Market Movements

Denmark:
OMX:C25 (+0.91%)

Sweden:
OMX:S30 (+0.78%)

Norway:
OBX:OSL (+0.09%)

S&P 500 (-0.09%)

Nasdaq (-0.07%)

European stocks were mixed today as Scandinavian markets crept upwards, the German DAX and British FTSE100 fell slightly. The major theme in today’s markets was balancing expectations ahead of the upcoming Q3 earnings season. Investor sentiment is mixed; on the one hand, unemployment levels are low in much of Europe and America. But, conversely, rising energy prices, skilled labour shortages and supply-chain issues are weighing on inflation concerns. Investors, therefore, are sizing up these opposing forces as they make predictions ahead of the Q3 earnings data.

News from America NFIB Small Business Optimism Index gave rise to inflation fears as it fell from 100.1 to 99.1. Companies cited difficulty in attracting skilled labour as the primary reason for their decline in confidence. The number of companies offering higher wages is at its highest level in over 48 years. In addition, the IMF warned of the need to be very, very vigilant of rising inflation risks. Gita Gopinath, the IMF’s chief economist, said the strength of the economic recovery meant it was too early to “say anything about stagflation”.

Today’s snacks

Curasight announced the completion of its warrant programme last week, today announcing it will receive DKK 47.6m before transaction costs. The capital injection quells doubts that the company is sufficiently capitalised. The stock gained 8% today on the news.

DSV – Global Transport and Logistics announced its fifth guidance upgrade of the year yesterday, as markets closed. The upgrade is driven by better performance in all divisions, particularly in Air & Sea. The guidance assumes strong demand for the remainder of 2021. The market did reward the DSV share with a 1.57% gain today, but sector peer NTG | Nordic Transport Group A/S delivered even better with a 5.42% gain as the market might be factoring in a near term upgrade.

HusCompagniet A/S, announced this morning that Citigroup has resumed its coverage with a Buy rating and a price target of DKK 185. However, the share reaction was limited with a 0.7% gain. Today’s closing price was DKK 120.80 pr. share.

OrderYOYO rebounded today with an increase of 6.8%, following a period of profit-taking over the latest month after a very successful IPO this summer.

Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement.

Author: Philip Coombes