Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

Carlsberg AS: 1 director

A director at Carlsberg AS bought 4,000 shares at 717.743DKK and the significance rating of the trade was 88/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...

Navigating dynamic markets RBREW style

Royal Unibrew (Buy, TP: DKK675.00) - Strong Q3, as expected

Royal Unibrew reported largely in line with our forecasts when adjusted for a positive one-off, with c27% organic EBIT growth, driven by a solid performance across all regions. As expected, based on YTD performance and tough comparables in Q4, the company narrowed its 2024 organic EBIT growth guidance from 14–19% to 15–19% YOY (consensus c17%). We reiterate our BUY and DKK675 target price.

Upgrade as expected

Holdings Report - October 2024 KBCS Holdings Universe Returns -2.5% Du...

1M Performance - Absolute: During Oct'24 (1M period), the KBCS Holdings Universe posted a return of -2.5% which was mainly driven by single-asset holdings (-2.8%) while multi-asset holdings  posted a slightly less negative return of -2.3%. The 3 top performers during the period were Financière de Tubize (+6.7%), D'Ieteren Group (+4.5%), and Solvac (+2.8%) while the 3 worst performers were Sofina (-11.4%), Gimv (-9.8%), and Compagnie du Bois Sauvage (-6.3%). YTD Performance - Relative: On a YTD ...

Impressions from local investor meeting

Molson Coors Beverage Company: Update following upgrade to Baa1

Our credit view of this issuer reflects its geographic diversification, market leadership position and strong brand.

Looking to reach the upper end of guidance

Carlsberg (Buy, TP: DKK1160.00) - Top-end of guidance most likely

Overall, the Q3 results fell slightly shy of consensus, driven by China and Western Europe, but were not much of a surprise given competitor reports and yesterday’s release from its Chinese subsidiary. Encouragingly, despite the soft Q3, management stated that it expects to achieve the high end of its maintained 2024 guidance. We still find the stock attractively valued, especially considering the proposed Britvic acquisition, and we reiterate our BUY and DKK1,160 target price.

Carlsberg (Buy, TP: DKK1160.00) - 2024 guidance maintained

Overall, the Q3 results fell slightly shy of consensus, driven by China and Western Europe, but were not much of a surprise given competitor reports and yesterday’s release from its Chinese subsidiary. Encouragingly, despite the soft Q3, management stated that it expects to achieve the high end of its maintained 2024 guidance. We still find the stock attractively valued, especially considering the proposed Britvic acquisition, and we reiterate our BUY and DKK1,160 target price.

Asia weaker. Guidance maintained

Challenging conditions in Asia

Holdings Report - September 2024 Exor Added To The KBC Securities Hold...

1M Performance - Absolute: During Sept'24 (1M period), the KBCS Holdings Universe posted a return of -0.2% which was mainly driven by multi-asset holdings (-1.2%) while single-asset holdings posted a positive return of 2.0%. The 3 top performers during the period were Sofina (+15.3%), Financière de Tubize (+8.4%), and Brederode (+7.2%) while the 3 worst performers were Exor (-4.4%), Compagnie du Bois Sauvage (-5.5%), and D'Ieteren Group (-7.2%). YTD Performance - Relative: On a YTD basis (as o...

Q3: Potential for raised EBIT growth guidance

Royal Unibrew A S: 1 director

A director at Royal Unibrew A S bought 620 shares at 582.500DKK and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...

Holdings Report - August 2024 KBCS Holdings Universe Up 0.5% Thanks To...

1M Performance - Absolute: During July'24 (1M period), the KBCS Holdings Universe posted a return of 0.5% which was mainly driven by multi-asset holdings (+1.7%) while single-asset holdings posted a negative return of -1.3%. The 3 top performers during the period were HAL Trust (+5.1%), Texaf (+2.9%), and The Infrastructure Company (TINC, +9.6%) while the 3 worst performers were Brederode (-2.8%), Solvac (-5.3%), and Whitestone Group (-7.2%). YTD Performance - Relative: On a YTD basis (as of A...