| Good morning Voornaam, Articles: Ghost Bites: Astral Foods has a much happier story to tell, but how does it compare to prior periods? Alphamin and Raubex also released numbers. BHP commented on Samarco and Kore Potash is close to concluding the EPC contract. Read Ghost Bites, with thanks to Fedgroup. Investec: The demographic shift in the world has major impacts on retirement planning. How can structured products help? Read it here>>> Dominique Olivier: The case for secondhand luxury business models - especially for younger consumers. Read it here>>> Satrix: The MSCI ACWI helps investors capture global equity opportunities, with around 60% of exposure in the US. Read it here>>> Fedgroup: Does incorporating alternatives into your portfolio make sense? Get their views in this entertaining article>>> |
|---|
|
|---|
| Podcasts: Ghost Wrap: the news and my views on Sirius Real Estate, Afrimat, Oceana and PSG Financial Services, delivered in five minutes and with thanks to Mazars. Listen to it here>>> Magic Markets: Strategic trends and recent performance at Goldman Sachs and United Health Group, brought to you by Future Forex. Listen to it here>>> Investec Structured Products: The Global Accelerator offers 100% capital protection in dollars at maturity after five years, while giving exposure to global equity indices. Japie Lubbe joined me in this podcast>>> Investec podcast The Current: Interested in investment opportunities stemming from South Africa's energy transition? Listen to Iman Rappetti in conversation with Barry Shamley, Zane Bezuidenhout, Boipelo Rabothata and Campbell Perry in Episode 4 of The Current at this link>>> |
|---|
|
|---|
|
Local company news:
Ghost Bites is brought to you by Fedgroup.
Astral Foods is thoroughly enjoying improved conditions for poultry, with HEPS for the interim period up by between 435% and 445! A rather daft percentage like that doesn't tell you much. Instead, we need to look at prior periods, with information going back to 2021 included in Ghost Bites this morning to give you context.
Alphamin has released detailed first quarter results. Although the quarter-on-quarter numbers benefit from an incredibly soft base due to sales delays, the year-on-year story also looks solid.
Speaking of good numbers, Raubex released an updated trading statement reflecting expected HEPS growth of between 15% and 25%. That's quite the outcome when you remember that the Beitbridge Border Post project was in the base.
In other news, BHP has commented on the Samarco settlement in response to press speculation and Kore Potash is close to concluding the EPC contract, with an important meeting scheduled in Beijing in May.
Get the details in Ghost Bites at this link>>>
|
|---|
|
|---|
| READ AND LISTEN: The Global Accelerator |
|---|
|
|---|
| For Investec's views on how structured products can play a role in the context of shifting demographics and possibly delayed retirements, read this great article>>>
To learn about the Global Accelerator, which offers 100% capital protection in dollars at maturity after five years, while giving exposure to global equity indices, listen to this podcast with Japie Lubbe of Investec Structured Products. |
|---|
| |
|---|
| READ: Satrix MSCI ACWI - Capturing Opportunities |
|---|
|
|---|
| In this article, Satrix puts the spotlight on the MSCI All Country World Index ETF, which gives broad global market exposure.
Over 60% exposure is to the US, with China as the next highest. |
|---|
| |
|---|
| LISTEN: Cashing in on clean |
|---|
|
|---|
| There are so many investment opportunities stemming from South Africa’s energy transition.
In episode 4 of Investec’s The Current, discover how you can get some skin in the clean energy game. Hosted by Iman Rappetti, listen to the discussion here>>> |
|---|
| |
|---|
| LISTEN: Ghost Wrap
(Sirius Real Estate | Afrimat | Oceana | PSG Financial Services) |
|---|
|
|---|
|
International business news:
Starbucks has been dealing with tough discussions with employee union Workers United, which represents around 400 of its cafes. This has been going on for over two years now and no amount of flowery corporate language seems to be working. People want to be paid more and have more consistent scheduling. Simple as that. A joint statement by the parties suggests that they are making "significant progress" in contract talks - whatever that may mean. Markets don't like uncertainty.
For more in this space, McDonald's is due to report earnings later today. The fourth quarter was poor and the company had to deal with boycotts related to Israel. To avoid any further issues in Israel that impact the entire group, McDonald's announced earlier this month that it would be buying back the restaurants in Israel from its franchisee and will run them as corporate-owned stores. This gives them full control over the marketing and messaging in the region.
Hungry for more on global stocks? The latest free Magic Markets podcast covers Goldman Sachs and United Health Group - both of which would've doubled your money in the past five years, in dollars! Get the latest on them here>>>
Ready to understand more about risks and opportunities in global stocks? Subscribe to Magic Markets Premium for just R99/month. You'll get a subscribers-only weekly report and podcast on global stocks, covering strategy, financials and technical trading indicators. |
|---|
|
|---|
| READ: Luxe for less - the case for secondhand luxury
(by Dominique Olivier) |
|---|
|
|---|
| The devil wears Prada and so does Dominique Olivier as of this week. But unlike Miranda Priestly, Dominique thrifted her sunglasses.
There is a case for secondhand luxury, especially if you understand younger consumers. Learn more here>>> |
|---|
| |
|---|
| Macroeconomic Update Markets are cautious ahead of the FOMC, with US monetary policy as the major driver of markets. In Japan, speculation of government intervention helped the yen improve from the worst levels seen in 34 years!
Chinese PMI data disappointed markets, leading to a negative view on emerging market currencies. Still, the rand held it together and has had a strong three days, with risk of some consolidation ahead of the FOMC.
Gold, platinum and palladium are all weaker this morning off the back of the firmer dollar and pre-FOMC jitters.
Key indicators: USD/ZAR R18.69; US 10-year 4.61%; Gold $2,325; Platinum ZAR R17,683; Brent Crude $88.30
This macroeconomic update is based on TreasuryONE's morning update. |
|---|
|
|---|
|
|
