11.12.2024
Teamviewer continues to grow + Oracle's quarterly figures received negatively + IPO of Delivery Hero subsidiary Talabat flops
Teamviewer $TMV (+1,07%)went shopping again, share plummets.
- The shares slumped by 12.2 percent after an acquisition.
- The software company acquired the London-based company 1E, a specialist for digital workplaces, for 720 million dollars.
Oracle $ORCL (-0,29%)with quarterly figures from the previous evening, left its biggest competitor SAP $SAP (-0,68%)cold.
- The SAP competitor's figures were slightly below expectations on both the revenue and earnings side.
- It was mainly analysts' comments that moved share prices.
- Analysts from Jefferies and JPMorgan emphasize that Oracle needs stronger growth in the cloud segment for further share price gains.
- Oracle recorded an increase in sales of just under 9 percent in the second quarter, but missed analysts' expectations in terms of profit and growth.
- The stock recorded a 9% increase in sales to 14.06 billion dollars in the second quarter, missing market expectations of 14.11 billion dollars, according to LSEG.
- Despite robust growth in the cloud segment, Morgan Stanley analysts say the company is under scrutiny for how it can translate strong demand into accelerated revenue and sustained double-digit EPS growth.
IPO of Delivery Hero subsidiary $DHER (-1,2%)Talabat $TALABATflops
- The IPO of Delivery Hero subsidiary Talabat turned out to be a disappointment on the first day of trading.
- Talabat shares were last listed on the Dubai Stock Exchange with a discount of almost seven percent at 1.49 dirhams (0.38 euros). At the start, it had still looked like a successful debut.
- The Talabat share had initially risen by 7.5 percent.
- The parent company has now also lost ground.
- Shares in Delivery Hero lost 9.6 percent to 32.17 euros around midday.
- The Delivery Hero Group had raised the equivalent of almost two billion euros with the offered 20 percent stake in Talabat.
- Originally, the Berlin-based food delivery service wanted to offer 15 percent of its Middle East subsidiary on the market.
- According to Bloomberg data, the IPO was the largest in the region in 2024. Talabat is active in the United Arab Emirates, Qatar and Egypt, among other countries, and delivers food and everyday items.
- In 2023, the business recorded a gross merchandise value (GMV) of more than five billion euros.
- In the first half of 2024, this figure increased by more than a fifth.
- Of the gross merchandise value, more than six percent remained as operating profit adjusted for special effects (EBITDA margin).
Wednesday: Stock market dates, economic data, quarterly figures
- Quarterly figures / company dates USA / Asia
13:00 Exxon Mobil strategy update
13:00 Exxon Mobil analyst and press conference
22:05 Adobe detailed annual results
- Quarterly figures / Company dates Europe
07:00 Tui | Carl Zeiss Meditec detailed annual results
07:30 Inditex 9-month results | Talanx Capital Markets Day press conference
08:00 British American Tobacco Pre-Close Trading Update Annual Results
09:15 Tui PK
10:00 Metro Annual Press Conference & Capital Markets Update
- Economic data
08:00 DE: Domestic Tourism October
11:00 DE: Federal Government, Cabinet Meeting, Berlin
13:00 US: MBA Mortgage Applications
14:30 US: Consumer Prices November PROGNOSE: +0.3% yoy/+2.7% yoy previous: +0.2% yoy/+2.6% yoy Core Consumer Prices PROGNOSE: +0.3% yoy/+3.3% yoy previous: +0.3% yoy/+3.3% yoy
14:30 US: Real income November
15:45 CA: Bank of Canada (BoC), outcome of the Monetary Policy Council meeting Overnight Rate PROGNOSE: n.a. previously: 3.75%
16:30 US: Crude oil inventory data (week) from the Energy Information Administration (EIA)
