Macro: Sandcastle economics
Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.
Chief Investment Strategist
Today is the International Women’s Day which is celebrated every year on 8 March. Ida Kassa Johannesen, our Head of ESG Investments, has written a note explaining women in leadership is important, and not only from an equality perspective but also because it just makes a better company. Ida has helped updating our Women in Leadership theme basket with 8 companies that have more than 30% women in their senior leadership and has a low ESG risk score.
Some companies are also led by female CEOs, but are still not meeting the criteria of more than 30% of senior leadership being women. Below we are highlighting three interesting companies with powerful female CEOs. We describe the opportunities in each of the three companies including risks to consider.
Citigroup – the turnaround case
Citigroup is a large American financial services company with global operations. The bank was hit hard during the global financial crisis in 2008 and it has had trouble keeping up with its competitors. The CEO Jane Nind Fraser joined in March 2021 and has initiated many great initiatives to first shore up profitability and longer term growth. Under Fraser Citigroup has surprised on earnings many times and the P/E ratio almost doubled underlining the improved sentiment around Citigroup. Below we have listed three factors driving upside potential for Citigroup.
Below are some of the risks factors to consider before investing in Citigroup:
Oracle – the sleeping giant
Oracle is one of the old giants for the US technology sector coming from a relational database background and software on-premise sales model. The software maker is transitioning into cloud services and other types of software outside its traditional business in databases. The company’s CEO is Safra Catz and has been with Oracle since September 2014. As one of the few female CEOs among the big companies in the US technology sector she is an important figure to inspire more women to join the technology sector. Oracle has also done very well under her leadership and below are three potential drivers of future returns for Oracle.
Below are some of the risks factors to consider before investing in Oracle:
Novonesis – biosolutions for the future
Novonesis, formerly Novonesis, has just finished the integration of Chr Hansen creating a global giant in enzymes, functional proteins, and microbes. The company is transforming itself from previously being perceived as a chemical company to a biosolution company that can underpin a healthier way of how the world produces and consumes. Novonesis is led by CEO Ester Baiget since February 2020 and he leading the big transformation into the future of biosolutions. Performance has been bumpy since Baiget took over just as the pandemic broke out and inflation has cooled demand for many of the end products that uses Novonesis solutions in its manufacturing lowering the growth rate. But as inflation has come down and the world has not slipped into a recession demand is coming back and the repositioning as a biosolution company is changing investor perception. Below we have listed three factors that might led to positive returns in the future:
Below are some of the risks factors to consider before investing in Novonesis: