Nykredit: Danish companies make a very positive impression after the Q2 results

Nykredit’s Chief Portfolio Manager, Hans Kjær, gives his overall analysis of Danish companies after Q2 2023. He sees many positive trends, but must also say that there is great uncertainty in the equity markets as we look into 2024.

One of the sectors he specifically highlights is the banking sector, which is currently benefiting from interest rate hikes while also incurring low loan losses.

Finally, he cannot avoid commenting on Denmark’s Novo Nordisk, which has a very large growth in sales and earnings.

That is a very positive impression we have in the first place. Not only for earnings in the first half of the year, but also for the expectations that account for the remainder of the year.

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The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.

Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk

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