HCA Market Close 01.11.22: featuring Tryg, Scandinavian Medical Solutions, and Green Hydrogen Systems

HCA Market Close 01.11.22 – Scandinavian Medical Solutions (SMS) upgraded its guidance today, while Tryg and Green Hydrogen Systems host Q3 events with HC Andersen Capital tomorrow.

Market Movements:

Denmark: OMX:C25 (-0.10%) ; Sweden: OMX:S30 (+0.33%) ; Norway: OBX:OSL (+1.19%) ; S&P 500 (-0.38%) ; Nasdaq (-0.52%); Stoxx 600 (+0.58%)

Market Drivers:

European markets gain while US markets fall. driven by rumours of China reopening and an unexpected rebound in US job openings.

The major story driving markets this morning was an unconfirmed rumour leaked on Twitter that a “Reopening Committee” had been formed in China, fuelling speculation that drove global asset prices higher, particularly in Asian markets and commodities.

However, the mood was dampened by the US job openings report, which showed an unexpected rebound in September, with vacancies climbing 437,000 to 10.7 million in September. The job openings report dampened hopes of a Fed slowdown or pivot ahead of tomorrow’s Fed rate hike decision.

There was also news from the Russia-Ukraine conflict today as the UN announced a decision, taken jointly with Ukraine and Turkey, to halt grain shipments out of the Black Sea following Russia’s warning that ships were no longer safe using the route.
 
Snacks from the HCA Platform:

Scandinavian Medical Solutions (SMS) upgraded its guidance for 2022/2023 yesterday after market close. SMS now expects revenue of DKK 125-140 million (previously 95-105 million), and EBITDA of DKK 15-17 million (previously DKK 14-16 million). The share gained 7.92% in today’s trading.

Tomorrow at 13:30 CET Tryg will host a presentation of its Q3 2022 results together with HC Andersen Capital. Tryg’s CEO Morten Hübbe will present the results and also give an update on the acquisition of Trygg-Hansa in Sweden and Codan, in Norway, which from the last quarter is fully included in Tryg’s accounts. Sign up here: https://lnkd.in/eRcbDxyy

Green Hydrogen Systems announced its Q3 trading statement this morning and maintains its guidance for 2022. More significantly, they point towards good test data on the A-series and also maintain the timeline of the X-series prototype. Tomorrow at 13:00 CET you can join a Q3 event with Green Hydrogen Systems, sign up here: https://lnkd.in/eTDv_k39

Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:35