Kontron Stock Forum

As every Sunday, the most important news of the last week and the dates of the coming week, also as video:

https://youtube.com/shorts/s9icpY6A1oo?si=QsXp6ZlISFxhfKGA

Monday:

Industrial production continued to fall in August. This was announced by the Federal Statistical Office. Compared with the previous month, production fell by 0.2%.

https://de.nachrichten.yahoo.com/industrieproduktion-august-leicht-gesunken-064837469.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmRlLw&guce_referrer_sig=AQAAABoUoG_Fdj82a1jbK9Fd851Fr89fGGzI4TynzzLWUK-rH_Zm5dStpOHe28nGLBqa9ls2-AyTQ1_PeP5_fuAeumlT215yWuHprNOxrSHVtHO-o9cM3sqRWRrCN29ZKR3kV8iOPHT-nZnVd1i23bDvza6_JxtsGlZFUebqdlC4GAUd

Tuesday:

$KBC2 Kontron receives two major orders from the aviation industry worth EUR 100 million.

https://www.boerse.de/nachrichten-amp/Technologiekonzern-Kontron-erhaelt-zwei-Auftraege-aus-der-Luftfahrtbranche/35360444

The trade balance of Japan shows that Japan continues to achieve an export surplus. The surplus tripled in August to more than $15 billion. One of the main reasons are falling prices for imported goods.

https://www.japantimes.co.jp/business/2023/10/10/economy/japan-current-account-surplus/

$1211 (-3.83%) BYD is on the verge of $TSLA (+9.97%) replacing Tesla as the world's largest e-car manufacturer.

https://teslamag.de/news/byd-keine-marktfuehrer-konkurrenz-tesla-keine-angst-eu-verfahren-61724/amp

$EH Ehang, a stock in our Growth Depot, is requesting a trading halt. The request is probably related to an extraordinary announcement.

https://www.instagram.com/p/CyOFeDrOhkY/?igshid=MWZjMTM2ODFkZg==

Wednesday:

$NOVO B Novo Nordisk is seeing positive results with its antidiabetic in chronic kidney patients. This puts a strain on dialysis speci $FME (+1.22%) Fresenius Medical Care and also $FRE (-0.26%) Fresenius. The study could be terminated due to proven efficacy. Fresenius Medical Care is thus likely to lose further patients; it already lost many during the corona pandemic due to excess mortality.

https://www.wallstreet-online.de/nachricht/17417078-aktien-fokus-studienerfolg-novo-nordisk-belastet-dialysebranche-fmc

$BIRK (-1.2%) Birkenstock comes to the stock exchange with a price of EUR 46. The company was made fit for the stock exchange by Bernard Arnault and ends up there with a sporting valuation of USD 8.6 billion.

https://www.t-online.de/nachrichten/ausland/id_100257866/birkenstock-an-der-boerse-46-dollar-pro-aktie.html

Producer prices in the USA rise more strongly than expected. They rose by 2.2% compared with the same month a year ago. The expectation was for around 1.6%. Producer prices are a leading indicator for inflation, so this is bad news.

https://www.handelsblatt.com/dpa/usa-erzeugerpreise-steigen-staerker-als-erwartet/29440252.html

Thursday:

The war of Isreal and Hamas now has a concrete impact on an asset class: cryptocurrencies. Apparently, cryptocurrencies in particular have been used to finance terror. Israeli police now froze all crypto accounts used to publicly solicit donations. Most of the accounts were held at Binance. Binance confirms cooperation with Isreal. However, the SEC is also suing Binance, so in the US the events also have possible consequences for the world's largest crypto exchange. $BTC (+0.83%)

https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/terrorfinanzierung-israel-friert-krypto-konten-der-hamas-ein/29441628.html

Inflation data from the US is not coming in well. The inflation rate remains at 3.7%. A decline was expected.

https://www.handelsblatt.com/finanzen/maerkte/marktberichte/dax-aktuell-dax-rutscht-nach-us-inflationsdaten-50-punkte-ab/29442046.html

Friday:

Still virtually no inflation in China. Consumer prices stagnated again, a slight increase was expected. China's foreign trade also continues to shrink. Exports and imports each fell by 6.2% compared to the same period last year. Experts see a slow, temporary recovery of the economy at the end of 2023.

https://amp2.handelsblatt.com/finanzen/geldpolitik/volksrepublik-china-verharrt-am-rande-einer-deflation/29444536.html

Also $VOW3 (-2.26%) VW also seems to be slowly stabilizing in China. In September, 0.9% fewer vehicles were sold than in the previous month. Worldwide, however, VW delivered 2.3 million vehicles in Q3, which is 7.4% more than in the same period last year. VW is able to make up for the problems in China with significant increases in North America and Europe. This is a healthy development, as it reduces dependence on China. Electric cars already accounted for 7.9% of total sales so far in 2023, or about 530,000 cars. By comparison, Tesla sold only 1.3 million vehicles in the same period.

https://www.handelsblatt.com/unternehmen/industrie/autobranche-volkswagen-stabilisiert-sich-in-china-langsam/29445046.html

$EH Ehang gets mega-approval in China. China's civil aviation authority has approved EH216-S. This is an unmanned drone with autopilot. It is the first approval of its kind in the world, making it a real milestone. The approval process went 2 years with countless tests. Shortly, trading in the stock will start again.

https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/ehang-mega-genehmigung-in-china-aktie-wird-wieder-handelbar-20341104.html

Monday: 11:00 Trade Balance (EuroZone)

Tuesday: 11:00 ZEW survey (DE)

Wednesday: 04:00 GDP figures (China)

Thursday: 14:30 Unemployment Claims (USA)

Friday: 08:00 Producer Prices (DE)

As every Sunday, the most important news of the last week and the dates of the coming week.

Also as video:

https://youtube.com/shorts/Fn5ORNULRSo?feature=share

Monday:

$KBC2 Kontron, a leader in IoT/embedded computing technology (ECT), has entered into an asset purchase agreement with Telit Cinterion, an Irvine, California-based company. This acquisition of Telit Cinterion's Cellular Automotive Module Unit represents an important strategic step for Kontron to expand its Internet-of-Things (IoT) portfolio with proprietary software technology. The assets of this unit generated revenues of just over €100 million in 2022 and will be integrated into Kontron Europe GmbH, a subsidiary of Kontron AG. The purchase price amounts to EUR 24.5 million. The closing is expected to be completed by August. The acquisition of Telit Cinterion's Cellular Automotive Module Unit will enable Kontron to expand its product portfolio, increase internal development resources and meet the growing demand for advanced 4G/5G solutions. By integrating Telit Cinterion's Cellular Automotive solutions into its own IoT software technology portfolio, Kontron further expands its expertise.

https://goldesel.de/Artikel/kontron-mit-uebernahme

$TSLA (+9.97%) With new sales record. A total of 466,140 cars were delivered in the second quarter. Tesla is thus moving ever closer to the sales figures of BMW and Mercedes.

https://app.handelsblatt.com/unternehmen/industrie/autoindustrie-tesla-stellt-neuen-auslieferungsrekord-auf-und-uebertrifft-erwartungen/29235592.html

Tuesday:

The Nikkei 🇯🇵 was able to reach a new 33-year high yesterday. This morning, prices then came back a little.

https://app.handelsblatt.com/finanzen/maerkte/marktberichte/boerse-asien-nikkei-sinkt-nach-33-jahres-hoch-anleger-in-asien-zeigen-vorsicht/29236834.html

The EU is relaxing the laws on #genetic engineering. This is likely to benefit Bayer in particular. With Monsanto, Bayer has $BAYN (-1.69%) bought the pioneer for genetically modified seeds. The EU is acting on a scientific basis, and concerns about genetically engineered seeds have so far proved unfounded. In the USA, Japan and soon China, it is already standard. Organic farmers are likely to be less enthusiastic.

https://app.handelsblatt.com/technik/forschung-innovation/lebensmittel-eu-will-gentechnik-in-landwirtschaft-zulassen-oekobauern-sind-entsetzt/29235624.html

Wednesday:

Acquisition at $BC8 (+0.06%) Bechtle: After the announcement of the acquisition, the Bechtle share is trading in the red. One of the reasons for this is that the purchase price is not public. The acquisition is Apixit. Apixit is a French cybersecurity and IT service provider. This could allow Bechtle to expand more into France, strengthen its core business, and at the same time branch out into the growth segment of cybersecurity. AI in particular is likely to further boost interest in cybersecurity from corporate customers. AI can be used to program malware faster and more efficiently. Phishing emails are becoming more realistic and pose a greater threat. This means that from a strategic point of view, the acquisition should make sense for Bechtle.

https://goldesel.de/Artikel/bechtle-mit-zukauf-aktie-rutscht-ins-minus

Producer prices in Europe are falling for the first time since 2020. Manufacturers in the industry lowered their prices by 1.5% in May, compared to the same month last year. Economists had expected a 1.3% drop. Producer prices are a good indicator of future inflation trends. Significantly lower energy prices in particular led to the decline.

https://app.handelsblatt.com/politik/konjunktur/konjunktur-erzeugerpreise-in-der-eurozone-gehen-erstmals-seit-2020-zurueck/29238762.html

The FOMC minutes show that the Fed is likely to raise key rates further. Many market participants had already expected the chance of cuts. Most recently, the Fed took a pause on interest rates.

https://app.handelsblatt.com/finanzen/geldpolitik/protokolle-us-notenbank-fed-signalisiert-weitere-zinserhoehungen-im-laufe-des-jahres/29242550.html

Thursday:

Just about all indicators attest to a poor mood in industry. However, new orders were now well above expectations. By 6.4% rise in orders in May, compared with the previous month. Only 1.2% had been expected. Vehicle construction in particular increased.

https://app.handelsblatt.com/politik/konjunktur/konjunktur-industrie-meldet-ueberraschend-staerksten-auftragseingang-seit-2020/29243556.html

According to the European statistics office Eurostat in Luxembourg, retail sales in the euro zone remained unchanged in May. Revenues stagnated at the same level as in the previous month. This is in contrast to the expectations of economists, who had forecast an increase of 0.2 percent. The sales trend was already unchanged in April, after revenues had fallen in the previous two months.

dpa-AFX ProFeed

Friday:

Deutsche Börse announced back in April that it wants to acquire Simcorp. To do so, Deutsche Bank needs more than half of the shares in the Danish group. On Friday, Deutsche Börse announced that the offer period for the takeover of Danish software provider SimCorp will be extended. Originally, the offer was to end on July 13, but the new deadline has been moved to August 3. This decision was made as the German group needs additional time to obtain the necessary approvals from the regulatory authorities and to meet the regulatory conditions of the offer. It is expected that even the extended deadline will not be sufficient, which is why a further extension is planned. Currently, however, this is not yet possible due to regulatory requirements. Deutsche Börse expects that the necessary approvals will be obtained by the end of the third quarter.

https://goldesel.de/Artikel/deutsche-boerse-mit-problemen-bei-uebernahme

The hydrogen subsidiary of $TKA (-3.23%) ThyssenKrupp Nucera is launching an IPO today. ThyssenKrupp is thus spinning off the technology of the future, which will probably be valued more highly on the stock market alone than as part of the Group.

dpa-AFX ProFeed

Mixed figures in the labor market report from the U.S. 🇺🇸. True, the number of employees is rising less than expected. However, wages have risen slightly more than expected. Thus, the figures are unlikely to be a real stimulus for the stock market.

dpa-AFX ProFeed

Most important dates of the coming week:

Monday: 3:30 inflation data (China)

Tuesday: 08:00 HICP (Germany)

Wednesday: 14:30 Inflation data (USA)

Thursday: 13:30 ECB meeting minutes (EU)

Friday: 16:00 Consumer Confidence (USA)