Simon Shares
- Top40 is all about China. Economic data from China for 2022 released this week was weak, but better than expected.
Which food retailer offers the best value?
Food inflation is still high, 12.7% YonY for December.
But likely peaked (good rains, diesel lower and reducing input costs)
Preferred food retailer?
- Always Shoprite* (JSE code: SHP). But expensive, forward PE 19.5x
- Pick n Pay (JSE code: PIK). Forward PE 20.5x and not as good as Shoprite.
- Woolies* (JSE code: WHL). Exited disaster that is Australia. Forward PE 15x and if they can also fix clothing, real winner.
- Spar (JSE code: SPP). CEO and chair exiting after bad press recently. Poland issues but forward PE 10x.
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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.
Thursdays are all about hard-core investing 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 chats to industry experts, answers listener question (contact him here to send your Q’s) and gives his views on the state of markets and individual shares.
Reach Simon by email at simon@justonelap.com,
or Twitter @SimonPB