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Analyst Comment

HCA Market Close: 15/12-2022: Featuring Scandinavian Medical Solutions

By Philip CoombesEquity Research Analyst
Scandinavian Medical Solutions

HCA Market Close 15.12.22 – Scandinavian Medical Solutions (SMS), announced a strategically significant new order.

Market Movements:

Denmark: OMX:C25 (-1.66%) ; Sweden: OMX:S30 (-2.78%) ; Norway: OBX:OSL (-0.46%) ; S&P 500 (-2.46%) ; Nasdaq (-2.95%); Stoxx 600 (-2.83%)

Market Drivers:

Markets fell today on hawkish central bank action, with a particular focus on the ECB.

European stocks had the opportunity to react to Jerome Powell’s speech and the Fed’s 50 basis point rate hike yesterday, which took a hawkish tone. But despite Powell being hawkish, markets seemed to brush away his comments, and Treasury yields moved lower today.

There has been increasing weak economic data from the US recently, and today was no different, with weak retail sales numbers. The markets at the moment are refusing to believe the Fed and, instead, expect a pivot in 2023.

However, the story in Europe is different, which bonds selling off after the ECB’s 50 basis point rate hike and, more importantly, Christine Lagarde’s very hawkish press conference following the move.

Overall, recession fears and a more hawkish Fed and ECB outlook created a risk-off atmosphere, particularly in Europe, with the US dollar gaining in strength as investors seek safety against a deteriorating economic outlook in Europe.

 

Snacks from the HCA Platform:

Today, Scandinavian Medical Solutions (SMS) announced the sale of an MRI scanner to a customer from the Central Asian area. The scanner is shipped and is expected to be delivered by the end of week 50. Strategically, this is important as it is the first sale of this product type in this geographical area. The Central Asian region includes countries such as Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, and Kazakhstan. The sale is within the range DKK 2m and below DKK 3.5m in accordance with the company’s information and communication policy. The share traded down by 2.06% today in a general red stock market.

 

Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:00

 

Scandinavian Medical Solutions is a Danish-based trading company specialized in purchase and resale of used diagnostic imaging equipment such as CT scanners and MR scanners of high quality. Scandinavian Medical Solutions is specialized in offering flexible solutions for customers with specific demands, which is often a better and cheaper alternative to a new and more expensive produced OEM-equipment. Scandinavian Medical Solutions was founded in 2018, and the company has been listed at Nasdaq First North in Denmark since November 2021.

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