InterCapital

During 9M 2024, Ericsson NT recorded a revenue decrease of 18% YoY, an EBITDA decline of 25%, and a net income of EUR 11.9m, a decrease of 42% YoY.

In today’s overview, we’re bringing you a detailed overview of the Croatian pension system, the trends facing it, as well as what are the short and long-term changes that should be made to make the system work better.

September has been marked by several important events, including the ECB's smaller and the Fed's larger rate cuts, which supported many stocks and indices reaching their all-time high values. The trading focus remains on the IT sector, with Nvidia alone growing by 25% during the month. Take a look at what our clients were trading in September 👇

Dear Clients, We are proud to announce that InterCapital has signed a Market Making Agreement with BOSQAR INVEST, marking our newest expansion in Croatia. BOSQAR INVEST, formerly Meritus ulaganja, is an investment holding company based in Croatia, focusing on managing and growing its portfolio of companies operating in various sectors. These include business process outsourcing and IT services, HR services, eCommerce, and food production & processing. The addition would bring the total number of our market-making mandates on the Zagreb Stock Exchange to 16. We look forward to continued cooperation and growth on the Zagreb Stock Exchange, as well as all the opportunities that lie ahead of us.

The first three quarters of 2024 have just ended, and today we’re bringing you the performance of the regional equity markets, with the main focus on Croatia, Slovenia, and Romania.

Since the COVID-19 crisis, the Chinese economy has faced several challenges, primarily due to weak consumer confidence and an ongoing property market crisis. In an effort to restore the high economic growth that characterized much of the 21st century, the People’s Bank of China (PBoC) has unveiled a “bazooka” stimulus package aimed at revitalizing growth, boosting consumption, and stabilizing financial markets through monetary policy easing. In this week’s blog, we will break down China’s latest economic intervention and analyze whether these measures will be sufficient to achieve their intended goals.

Dear Clients, We are pleased to announce that we have started providing Market Making Services to Purcari Wineries Group, marking the latest mandate expansion, and the first blue chip in Romania to do so. This collaboration aims to enhance liquidity, reduce volatility, and offer better bid/ask spreads. This achievement demonstrates our commitment to supporting market development and expanding our presence, as we apply our experience in market-making to one of the most dynamic and promising markets in Europe. We look forward to ongoing collaboration and expanding our efforts with all market participants, striving to enhance market conditions and create value for everyone involved.

Dear clients, Last Thursday, InterCapital, in cooperation with the Bucharest Stock Exchange / Bursa de Valori Bucuresti (BVB), hosted the "Investment Conference of Romanian Companies in Zagreb". We were pleased to welcome many local and regional retail and institutional investors. Participating Romanian companies included OMV Petrom, Societatea Nationala Nuclearelectrica SA, MedLife, TeraPlast, Sphera Franchise Group, AQUILA Romania, Purcari Wineries Group, and Bucharest Stock Exchange / Bursa de Valori Bucuresti (BVB). We extend our sincere gratitude to all the participants! The event underscored Romania's importance as an investment opportunity, and we eagerly look forward to continued collaboration and growth for everyone involved. To keep you updated with detailed and up-to-date insights into the event, we included our overview and the commentary here: https://lnkd.in/e6zcBcBz

For the last year and a half, a lot of speculation has been circulating about the new Croatian law on foreigners and what it will look like. While the law itself is still in the consultation phase and is unlikely to be implemented by the beginning of the next year, being prepared for the changes to come, especially in a “dynamic” regulatory environment is a must. As such, we bring you the top changes that are currently being discussed, and how they might affect the Croatian labour market.

Market corrections are a normal and desirable occurrence, but the question is: should you buy the dip? Today, we dive into the historical performance of the S&P 500 and analyze its movements following Fed interest rate cuts.