Shares pros love – Business Week

This is the professionals’ favorite stocks right now. And so affected an Exchange problem child and of China’s new currency policy.

SHARES TO ALL PROFESSIONALS LOVE

	Positive recommendations	negative	Share purchases,%
Klövern	9	0	100%
Saab	7	0	100%
Cloetta	5	0	100%
Hemfosa Properties	5	0	100%
MQ	4	0	100%
Dustin Group	4	0	100%
Granges	4	0	100%
Sweco	4	0	100%
Source : Factset

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ELEKTA AND CHINA
The devaluation of the Chinese currency can have major effects on Elekta which generates a significant portion of their revenues in the country.

China is Elekta’s second largest market, and the company a market share of over 50 percent for the high-end linjäraccelatorer and the largest installed base of radiotherapy equipment in China, according to the annual report for fiscal year 2014/15 published on 11 August.

During the fiscal year from May 2014 April 2015 amounted Elekta sales in China to 1.422 billion crowns of the total consolidated sales of 10.839 billion crowns. In other words, China accounted for 13 percent of Elekta’s sales in the previous fiscal year.

According to SEB who have looked at annual growth in China accounted for 50 percent of Elekta’s organic sales growth over the past five years.

For the financial year 2014/15, which thus ended April 30, 2015 increased demand in China and Elekta had a “moderate, single-digit growth” in China with “slightly” improved margin, writes Elekta in its annual accounts.

“Because the yuan-exposure only 300 million according to the annual report, the main part of Elekta’s sales in China denominated in US dollars, that is, the hardware is mostly priced in dollars. It is of course positive if volumes continue to grow strongly, but it can also be dynamic effects shifts in orders decisions and more price sensitivity in the tender processes, “said SEB that has sell recommendation on the share.

The great part of Elekta’s business in China is the hardware sold to the newly built hospital should be less sensitive to purchasing offsets. There are also no major domestic producer that competes with Elekta, according to SEB.

“Selling machines in US dollars may make the quotation processes become more focussed on prices,” according to the bank.

On Thursday fell Elekta shares in Stockholm in the notification that the shares have been removed from the MSCI Sweden Index from 1 September. On Friday, shares continued back and was at 11:45 o’clock down 4 percent.