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Analytikerkommentar

HCA Market Close 28.10.22: Featuring NORDEN

Av Philip CoombesEquity Research Analyst
D/S Norden

HCA Market Close 28.10.22 – DS NORDEN considers an extraordinary dividend and HC Andersen Capital publishes a new robotics report.

Market Movements:

Denmark: OMX:C25 (+0.11%) ; Sweden: OMX:S30 (+0.31%) ; Norway: OBX:OSL (+0.10%) ; S&P 500 (+1.85%) ; Nasdaq (+2.10%); Stoxx 600 (+0.14%)

Market Drivers:

Markets gained, pulled higher by strong apple earnings.

Markets gained today, led by Apple and oil stocks. The move in Apple was sufficient to outweigh the drag of Amazon’s disappointing earnings helping the Nasdaq to lead markets higher.

Corporate earnings this week have been a key driver of the market. The weak earnings from bellwethers such as Meta and Google helped drive Treasury yields lower on expectations of a less aggressive Fed. Looking beneath the hood, a shift has started moving capital away from the new economy (mega-cap tech) and towards the old economy, with oil and industrials outperforming.

Snacks from the HCA Platform:

DS NORDEN announced a confirmation of rumours that the company is considering an extraordinary dividend of DKK 25 with its Q3 2022 earnings. The extraordinary dividend would return approximately USD 125m to shareholders, taking total dividends thus far for 2022 to USD 275m. Given NORDEN’s dividend policy to return +50% of its result for the year, an extraordinary dividend would take total dividends paid for the year to 75% of 50% of its mid-range guidance for the year 2022. Despite the news, the shares fell 4.1% today. NORDEN will decide on whether to issue an extraordinary dividend on 3 Nov at the company’s ordinary board meeting.

HC Andersen Capital published a new Robotics sector report today, giving investors an introduction to the macro themes of nearshoring and deglobalisation which, among other things, can be a driver for the industry over the next decade. To learn more about the Danish and global robotics sector, read the report here: https://lnkd.in/eXBVPpBR

Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:48

D/S Norden är ett internationellt rederi. Bolaget tillhandahåller globala frakttjänster på torrlast- och produkttankmarknaderna. Dessutom bedrivs handel med tillgångar, bestående av köp, försäljning och leasing av fartyg med inbyggda tillval. Bolaget använder sig av en affärsstrategi som äger en liten andel av den operativa flottan, och anpassar exponeringen till marknadsutvecklingen. Norden har flera globala kontor och har sitt huvudkontor i Köpenhamn.

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