Tesco is a retailer. Co. and its subsidiaries are engaged in retailing and associated activities in the U.K. and Republic of Ireland; and Czech Republic, Hungary, Poland, Slovakia, Malaysia, and Thailand. Co. provides retail banking and insurance services through Tesco Bank in the U.K. Co. sells and services of motor and home insurance policies underwritten by Tesco Underwriting Limited, or in a minority of cases by a third-party underwriter. As of Feb 25 2017, Co. had a total of 6,809 stores worldwide, including 256 franchised stores.
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.
Today Tesco (TSCOLN) published its first quarter trading statement, including a supplemental set of data to give a better view of the unprecedented impact of Covid-19. In addition to an unprecedented increase in the online business (from 9% of total sales, to 16% of total sales) Tesco managed to gain market share from Aldi, for the first time in a decade. Apart from a shift in channel mix, also the product and category mix changed: in the UK food sales grew at c. 12% while non-food declined c.20%.
The general evaluation of ROYAL BAFOKENG PLAT.LTD. (ZA), a company active in the Platinum & Precious Metals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 7, 2020, the closing price was ZAR 36.65 and its potential was estimated at ZAR 45.81.
TIGER BRANDS LTD. (ZA), a company active in the Food Products industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date July 7, 2020, the closing price was ZAR 186.49 and its potential was estimated at ZAR 207.22.
The independent financial analyst theScreener just awarded an improved star rating to WDE.INVS.INCO. (US), active in the Asset Managers industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date July 7, 2020, the closing price was USD 3.74 and its expected value was estimated at USD 3.32.
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