DnB Markets - Sinch AB (SINCH) Sinch (Buy, TP: SEK1900.00) - Expanding to new market segment

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DnB Markets

Stefan Gauffin

EUR 90.88 For Business Accounts Only

Sinch (Buy, TP: SEK1900.00) - Expanding to new market segment

Wednesday Sinch announced the acquisition of MessageMedia for USD1.3bn. This acquisition expands the Sinch offering to the SME segment, a segment not covered by Sinch before. We see limited synergies, but there should be synergies in technology development and knowledge transfer, and the acquisition supports Sinch’s goal to be a global leader in the CPaaS space.

09/06/2021 11 EN

Underlying

Sinch AB

CLX Communications and it's subsidiaries business consist of mobile messaging services for enterprises, and development and sales of software that support such messaging services. Co. provides cloud communications services that allow enterprises to integrate messaging (SMS), voice applications and mobile data services in their operations. Co.'s communications services are used by enterprises including banks, airlines, healthcare providers and global internet operators. Co. has two business units: the Enterprise Division and the Operator Division.

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SE0007439112 Nasdaq Nordic Stockholm Sweden

Provider

DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

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Analysts

Stefan Gauffin

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Sinch (Buy, TP: SEK1900.00) - Expanding to new market segment

Sinch AB - Q3 in line, underlying on the weak side

Sinch AB - Twilio Q3 beat but share down -13% after-mkt

Sinch AB - Becoming a stronger company

Elkem (Hold, TP: NOK22.00) - Silicones overcapacity still an issue

Tomra (Sell, TP: NOK95.00) - Next stop, Poland

Arctic Bioscience (Hold, TP: NOK15.00) - HeROPA-trial results

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