WEBVTT - Kingspan Soars, Daimler Truck Slumps, Genmab Jumps

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move

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<v Speaker 1>today and you're I'm Charles's Caple with Caroline Hepka. We're

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<v Speaker 1>joined by Bloomberg reporter Chloe Melee. Let's start with installation

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<v Speaker 1>specialist Kingspan Whire Investors warming to the stock.

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<v Speaker 3>Yeah, Well for Kingspan, calling it an installation specialists makes

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<v Speaker 3>it sound a little bit more boring than it actually is,

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<v Speaker 3>because it does have a big exposure to data center

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<v Speaker 3>construction and that is what is really driving that stock

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<v Speaker 3>this morning. So it's doing very well in the unit

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<v Speaker 3>that makes that infrastructure for data centers and makes walls, ceilings,

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<v Speaker 3>liquid calling systems as well for that end market.

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<v Speaker 4>And it's a market that has been doing.

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<v Speaker 3>Very very well, with sales really jumping in that unit

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<v Speaker 3>and the backline also being very strong. It's particularly interesting

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<v Speaker 3>given that this is actually a unit that they had

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<v Speaker 3>wanted to list and it's now an IPO process that

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<v Speaker 3>they've completely abandoned, and you know, it's the best performing

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<v Speaker 3>unit by far, so I'm sure that they're glad that

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<v Speaker 3>they kept it. They also mentioned that they are pausing

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<v Speaker 3>their buyback to preserve some dry powder, and the CEO

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<v Speaker 3>said to analyst this morning that the company was looking

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<v Speaker 3>at some chunky deals, that they had a headroom of

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<v Speaker 3>about one billion euros and there were loads of opportunities

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<v Speaker 3>that would potentially fit within that scope. So this is

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<v Speaker 3>one of those companies that's a little bit of a

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<v Speaker 3>lesser known sort of AI winner, and we could probably

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<v Speaker 3>hear something from this company about a potential deal coming soon.

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<v Speaker 5>Okay, that's interesting. On Kingspan and the AI link, let's

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<v Speaker 5>also talk about the German manufactured Daimler truck a drop

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<v Speaker 5>in their shares why.

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<v Speaker 3>Yeah, So this is really the same kind of challenge

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<v Speaker 3>that i AM has been facing over the last few quarters,

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<v Speaker 3>which is a lot of weakness in the North American

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<v Speaker 3>truck market because of those tariffs, and it's something that

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<v Speaker 3>it has been dealing with for a while because it

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<v Speaker 3>makes a significant share of its trucks bound for the

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<v Speaker 3>US in Mexico, so it's subject to the twenty five

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<v Speaker 3>percent duty on those heavy truck imports that took effect

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<v Speaker 3>last autumn. So In response to that, it said that

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<v Speaker 3>it was planning on building a new manufacturing plant in

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<v Speaker 3>the US to reduce some of that tariff exposure. But

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<v Speaker 3>this probably was not enough to really reassure investors, given

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<v Speaker 3>that there's been also just general weakness that in that business,

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<v Speaker 3>both in the US business.

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<v Speaker 4>But outside of that as well.

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<v Speaker 3>The orders were quite weak, the guidance is quite soft,

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<v Speaker 3>and so all of that is really weighing on the

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<v Speaker 3>shares this morning, but the primary driver of.

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<v Speaker 4>That is really that weakness in North America.

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<v Speaker 1>Finally, solid earnings for Danish biotech company gen Mab tell

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<v Speaker 1>us more.

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<v Speaker 5>Yeah.

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<v Speaker 3>Gen Mab makes antibody therapeutics and so reported better than

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<v Speaker 3>expected revenue, better than expected profit for the second quarter,

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<v Speaker 3>and it also boosted.

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<v Speaker 4>Its outlook for the year. So the analysts have said that.

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<v Speaker 3>Those were very solid results, and they have a pointed

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<v Speaker 3>out as well that there are some readout some some

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<v Speaker 3>clinical trial readouts coming out later this year in the

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<v Speaker 3>fourth quarter of this year, which could be really big catalyst.

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<v Speaker 3>There's one in particular that is related to lymphoma and

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<v Speaker 3>that could be a six hundred million dollar commercial opportunity

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<v Speaker 3>in twenty thirty five.

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<v Speaker 4>According to Bloomberg Intelligence.

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<v Speaker 3>So there's a few things coming down the pipeline for

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<v Speaker 3>this company, and it seems that investors and analysts are

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<v Speaker 3>quite enthusiastic about its growth prospects.

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