Market Updates & Analysis:
- Sasol Reversal Pattern? – Examining Sasol’s technical setup and the significance of a ‘kangaroo tail’ pattern.
- Rand Stability Amid Trump’s Threats – Despite geopolitical concerns, the rand remains steady.
- Top 40 at All-Time Highs – Market momentum and investor confidence.
South Africa’s Budget Speech (Wednesday, 2 PM SAST)
- Revenue shortfalls and potential tax bracket adjustments
- Universal Basic Income and National Health Insurance funding discussion
- Expectations for the fiscal policy outlook
Stock & Sector Insights:
- Telkom: Revenue up 0.9%, in a turnaround phase, but Simon remains skeptical about telcos.
- Santam: Strong earnings growth (40-60% increase in HEPS), but insurance sector risks remain.
- Shoprite*: Consumer stock pullback; long-term bullish outlook despite short-term pressure.
China Stocks & ETFs:
- Alibaba up 40% on Apple collaboration
- Satrix China ETF – is it time to reconsider investing in China?
- General sentiment split between ‘China is uninvestable’ vs. ‘China has potential’
- We review the two JSE listed China ETFs here.
Bond Market Watch:
- SA Bonds Showing Volatility: A significant move in bond yields post-Trump comments, raising concerns about borrowing costs.
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JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
Wednesdays are all about hard-core investing and trading with Simon Brown’s famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon shares his views on the state of global economies, individual shares and events moving markets.
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JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
