Sasol is engaged in manufacturing and marketing of liquid fuels, gas and chemicals. Co. adds value to coal, oil and gas reserves, using these feedstocks to produce liquid fuels, fuel components and chemicals. Co. mines coal and refines imported crude oil and retails liquid fuel products in South Africa, and produces gas and condensate in Mozambique and oil in Gabon. Co. also supplies fuels to oil companies in South Africa and others in South Africa and sub-Saharan Africa. Co. maintains its chemical manufacturing and marketing operations worldwide. Co. divides its operations into three focused business clusters: South African Energy Cluster, International Energy Cluster and Chemical Cluster.
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
Sasol's (SOL) H1 '20 production update provided additional detail on the explosion and fire that occurred at Lake Charles Chemicals Project's (LCCP) low density polyethylene (LDPE) unit. Although SOL offered no clear guidance on when and how much the repairs to the LDPE unit would be, the Group suggested damage was isolated to smaller LDPE sections, leaving major components unaffected. SOL's commentary was calming in our view, accordingly, we believe the 12.9% YTD decline in the counter's share price is likely unjustified. We upgrade our recommendation to an OUTPERFORM from market perform.
The events of 2019 have seen Sasol lose credibility with shareholders. The USD1.9bn increase in Lake Charles Chemicals Project capex and the USD800m downgrade to FY '20 LCCP EBITDA has led to investors questioning whether SOL requires a rights issue. Whilst the targets SOL set itself at its Nov '17 capital markets day seem a distant memory, we still consider Sasol to be highly cash generative. Under the following circumstances, we do not believe Sasol would require a capital injection;
WARNER MUSIC GROUP CORP. (US), a company active in the Broadcasting & Entertainment industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date September 14, 2021, the closing price was USD 41.18 and its potential was estimated at USD 43.24.
The independent financial analyst theScreener just lowered the general evaluation of UNITED STATES STEEL (US), active in the Steel industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date September 14, 2021, the closing price was USD 24.45 and its target price was estimated at USD 15.90.
Unfortunately, this report is not available for the investor type or country you selected.Browse all ResearchPool reports
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.