Page 13 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of PEPKORH(PPH)Pepkor Holdings (PPH), previously known simply as Pep, is a South African retail group predominantly owned by Steinhoff International, which holds 71.01% of its shares. Following the collapse of Steinhoff due to accounting irregularities, Pepkor rebranded to distance itself from the negative publicity associated with its parent company. Pepkor operates several well-known retail brands, including Ackermans, PEP Stores, Bradlows, and HiFi Corporation. The share price experienced significant volat

Our opinion on the current state of ENXGROUP(ENX)The enX Group (ENX) is a diversified industrial group in South Africa, offering products and services in petrochemicals, fleet management, logistics, and industrial sectors. The group includes Austro, which distributes woodworking equipment and tools, and New Way Power, which manufactures, installs, and maintains diesel generators. Its fleet division provides fleet management, logistics, and vehicle tracking, while ENX Petrochemicals markets oil lubricants, plastics polymers, rubber, and special

Our opinion on the current state of EXEMPLAR(EXP)Exemplar (EXP) is a real estate investment trust (REIT) specializing in rural shopping centers, leveraging its partnership with McCormick Property Development. Since listing on the JSE in 2018, Exemplar has developed a unique portfolio of 26 shopping malls primarily located in rural and high-density urban areas, such as Alexander Township and Chris Hani Crossing, with a gross lettable area of over 414,555 square meters. The company’s asset base is valued at just over R5 billion, with an addition

Our opinion on the current state of REDEFINE(RDF)Redefine (RDF) is South Africa's second-largest real estate investment trust, with assets valued at R72.9 billion and a market capitalization of R25.1 billion. The company primarily holds industrial and office properties and has investments in Poland, the UK, and Australia. Its significant exposure to South African office space makes it sensitive to the South African economy and political developments, including elections. Despite these challenges, Redefine remains stable and well-managed, tra

Our opinion on the current state of MC-MINING(MCZ)MC Mining, previously known as Coal of Africa, is a small metallurgical coal company with a primary producing mine, Uitkomst, and several development projects, including the Makhado project, the Vele colliery, and MbeuYashu. Makhado, located in Limpopo, is the company’s flagship project. Expected to operate as an opencast mine with a projected 16-year lifespan, it aims to produce 800,000 tons of hard coking coal and 1 million tons of export thermal coal annually. Makhado’s viability improved aft

Our opinion on the current state of OCEANA(OCE)Oceana is Southern Africa's largest fishing company, with additional interests in the US through its subsidiary, Daybrook Fishing, based in Louisiana. Listed on both the JSE and Namibian stock exchange, Oceana produces a range of fish products, including canned fish, fish meal, fish oil, hake, mackerel, lobster, and squid. The company operates under government-issued quotas, which are periodically influenced by regulations, including Black economic empowerment initiatives, and is also impacted b

Our opinion on the current state of RAINBOW(RBO)Rainbow is a newly listed poultry company covering all stages of chicken production, from broilers to processing. It was unbundled from RCL Foods in June 2024, with RCL shareholders receiving one Rainbow share for every RCL share they held. The poultry industry, known for its tough market conditions, presents significant challenges, including high working capital requirements for stock and debtors, reliance on large unionized workforces, and competition from cheap imports. Additionally, it faces

Our opinion on the current state of RENERGEN(REN)Renergen (REN), an alternative energy company, focuses on renewable projects in Africa and has invested in liquefied natural gas (LNG) and helium. Since listing on the JSE in 2015, the company has faced financial challenges, with its share price reflecting continued losses. Despite this, Renergen has managed significant milestones, including a R125 million rights issue to secure additional financing and an IPO on the ASX, which was oversubscribed. The company holds claims of proven helium reserv

Our opinion on the current state of SEPHAKU(SEP)Sephaku (SEP) operates within South Africa's construction materials sector, focusing on ready-mixed cement products and other cement supplies for the industry. The company owns 100% of Metier Mixed Concrete and holds a 36% stake in Sepcem, with Dangote owning the remaining 64%. Sephaku's performance is closely tied to the state of the construction industry, which has faced challenges in recent years. In its financial results for the year ending 31st March 2024, Sephaku reported an 18.6% increas

KUMBA IRON ORE (KIO)KUMBA IRON ORE (KIO) - WEEKLY CHART ANALYSIS KIO is currently hovering around a strong support zone, which aligns closely with the levels we saw back in September/October 2022 when China introduced additional stimulus measures following the May and August rounds. This support has held firm since April 2020, making it a key area to watch. Looking at the RSI, in 2022, we saw a downtrend break on the RSI, which triggered a significant 60% price move over the next 105 days. Currently, the RSI is

by MarketMeistersTrading

Our opinion on the current state of ASTRAL(ARL)Astral Foods (ARL) is South Africa's leading poultry producer, with substantial operations in broiler processing, breeding stock supply, day-old chick production, and animal feed production through its subsidiary, Meadowfeeds. It processes 4.4 million broilers per week and is a key supplier in the domestic poultry sector. The company’s performance is tied to weather conditions, feed costs (primarily maize), and the impact of international poultry imports, which make up around 30% of South Africa

Our opinion on the current state of ENXGROUP(ENX)The enX Group (ENX) is a diversified industrial company catering to the petrochemical, fleet management, logistics, and industrial sectors. It includes divisions such as Austro, which distributes wood-working equipment, and New Way Power, which provides diesel generators. Its fleet division focuses on fleet management, logistics, and vehicle tracking, while ENX Petrochemicals markets lubricants, polymers, rubber, and chemicals in Southern Africa. The company has actively streamlined its operati

Our opinion on the current state of ENXGROUP(ENX)The enX Group (ENX) is a diversified industrial company catering to the petrochemical, fleet management, logistics, and industrial sectors. It includes divisions such as Austro, which distributes wood-working equipment, and New Way Power, which provides diesel generators. Its fleet division focuses on fleet management, logistics, and vehicle tracking, while ENX Petrochemicals markets lubricants, polymers, rubber, and chemicals in Southern Africa. The company has actively streamlined its operati

Our opinion on the current state of SALUNGANO(SLG)Salungano, formerly Wescoal, focuses on coal mining and trading, producing 300 million tons annually from five mines, with mining contributing 82% of its revenue. It began production in 2021, primarily supplying Eskom from its Moabsvelden mine. The company also owns 50% of Arnot Mine and is exploring ways to diversify within the energy sector. For the six months ending 30th September 2024, Salungano reported revenue down 30% and a headline loss of 90c per share, worsened from a 19.64c loss in t

Our opinion on the current state of SHOPRIT(SHP)Shoprite (SHP) is Africa's largest grocery retailer and consumer goods company. Despite facing intense price competition, which has limited supermarkets' ability to pass on price increases, the company has shown resilience. Its share price, which fell from R275 in March 2018 to around R100 in July 2020, has since recovered, as the company stands to benefit from improvements in the South African economy. Chair Christo Wiese maintains effective control with 42% through his deferred shares, althoug

Our opinion on the current state of VUNANI(VUN)Vunani (VUN) is a black-owned financial services group with operations across asset management, investment banking, property, stockbroking, and coal mining. The company's coal interests have recently benefitted from increased coal prices, adding resilience to their diversified portfolio. However, in its latest six-month results to 31st August 2024, Vunani reported a decline in revenue to R327.8 million (from R336.7 million) and headline earnings per share (HEPS) down to 6.7c (from 18.2c in the p

Shop right The share price has breached key resistance, creating an SR Flip zone. The flip corresponded with a commencement of primary wave 5, which is currently unfolding in subwave 3.

by KatlehoThaba

Our opinion on the current state of PPC PPC is a leading manufacturer and supplier of cement, aggregates, ready-mix, lime, limestone, and fly-ash in Africa, with operations in South Africa, Botswana, the DRC, Zimbabwe, Rwanda, and Ethiopia. The company operates eleven cement factories with a combined production capacity of 11.5 million tons. PPC's Mooiplaas quarry in Gauteng is the largest aggregates producer in South Africa, and it runs twenty-six batching plants for ready-mix across South Africa and Mozambique. PPC has taken severa

Our opinion on the current state of PICKNPAY(PIK)Pick 'n Pay (PIK) is a long-established retail grocery chain with a strong presence in South Africa and several stores across Africa. Founded by Raymond Ackerman in 1967, the brand once dominated South Africa's grocery retail space before being overtaken by competitors like Shoprite/Checkers. The company has brought Sean Summers back as CEO, hoping to leverage his leadership from his previous tenure (1999–2007) to steer Pick 'n Pay toward renewed growth and stability. In its latest results for

Our opinion on the current state of BALWIN(BWN)Balwin Properties (BWN) is a South African developer focusing on secure sectional title properties, recently diversifying into renting out properties to generate a more stable income stream. The company is leveraging solar power and internet fiber installations to add value to its developments. Initially listed at R10 per share, it now trades around 270c. Given the significant challenges in South Africa's property market due to tough economic conditions and a recession, Balwin’s move into rental

Firstrand looking horrendous - Target to R64.47 Inv Cup and Handle has formed on First rand. Price<20 and <200 which makes it a Medium Probability trade. But judging by the large down candle and the Fair Value Gap - means momentum is strong to the downside. Target R64.47 This is strange considering how bullish the JSE Top 40 is looking. So it might be either a large fakeout or there is downside to come for the banks.

Our opinion on the current state of TFG The Foschini Group (TFG) is a prominent international retailer with 28 fashion brands and 4083 trading outlets across 32 countries. TFG's successful expansion into Australia with the Retail Apparel Group (RAG) acquisition in 2017 (for over $300 million) sets it apart, as many South African retailers, such as Woolworths, have struggled in that market. TFG has maintained RAG’s success by allowing its Australian management team autonomy rather than attempting to manage it from South Africa. Histor

Our opinion on the current state of DIS-CHEM(DCP)Dis-Chem Pharmacies (DCP), which listed in November 2016, is a prominent competitor to Clicks (CLS) in the pharmaceutical, medicine, and beauty products markets. The business is led by the Saltzman family, with a significant stake held through a private company, Ivlyn. In August 2021, Ivlyn announced a reduction in its stake by selling 7.5% of its shares via a bookbuild, distributing 3.75% to selected management (with a 10-year lock-in) and 10.5% to a BEE consortium. This adjustment left the Sal

Our opinion on the current state of PROSUS(PRX)Naspers (NPN) separately listed Prosus (PRX) on the Euronext in Amsterdam on 11th September 2019, consolidating its international assets, including its stake in Tencent, Mail.Ru, and various internet brands. Naspers retains a 73% ownership of Prosus, with a 25% free float. The Euronext listing provides a key advantage as it mitigates the currency risk associated with the South African rand, making Prosus a rand-hedge; its value tends to increase when the rand weakens and vice versa. Today, Pros