HCA Market Close 30.11.22: featuring Scandinavian Medical Solutions

SMSMEDAnalyst Comment30.11.2022, 18.14

HC Andersen Capital

HCA Market Close 29.11.22 – Scandinavian Medical Solutions announced significant sale.

Market Movements:

Denmark: OMX:C25 (+0.87%) ; Sweden: OMX:S30 (+0.49%) ; Norway: OBX:OSL (+0.17%) ; S&P 500 (-0.16%) ; Nasdaq (+0.23%); Stoxx 600 (+0.63%)

Market Drivers:

Markets regained early losses and struggled for direction ahead of Jerome Powell’s speech later today.

Markets will be closely watching Powell’s speech for direction regarding the Fed’s next steps with respect to rate hikes. Markets are expecting confirmation of a slowdown in hikes from 75 basis points to 50 basis points. The Fed rate hike decision will be determined at the FOMC meeting on the 14 December.

US economic data gave mixed signals today as the backwards-looking US GDP data for Q3 2022 was revised higher to 2.9% from 2.6% previously. However, the job openings for October fell to 10.3 million, from 10.7 in September. The jobs data suggests the rate hikes are taking effect and could give the Fed room ease.

Elsewhere the global yield curve inverted today, sending an increased signal that a recession is likely.

Snacks from the HCA Platform:

Medical Solutions announced the sale of a Siemens Skyra 3T MRI scanner for an American customer. In accordance with the company’s information and communication policy, the sale is within the range DKK 3.5m and below DKK 5.0m, which is a significant order. The share declined slightly -0.75% in today’s trading.

Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:15

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.