reports
Increased risk weighs on PPC LTD., penalising its rating down to Slig...
The independent financial analyst theScreener just lowered the general evaluation of PPC LTD. (ZA), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date March 6, 2020, the cl...
1 director bought
A director at PPC Ltd bought 432,623 shares at 4.907ZAR and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...
- Gari Chigwedere
PPC | Invader Zim
Zimbabwean operations accounted for 15% of our valuation of PPC in 2018 due to high cement demand and EBITDA margins in excess of 30%. However, the Zimbabwean government is constantly changing policies regarding currency utilisation. Thus, PPC Zimbabwe accounts for c.1% of our total valuation despite it generating the most “cash†for the Group. Encouragingly, although cement volumes in the rest of Africa were disappointing, the Group's ability to control costs and preserve margins through...
- Gari Chigwedere
PPC | Not out of the woods yet
PPC's H1 '19 results showed the Group still faces some challenges on its road to recovery. A worse than expected slowdown in the Group's home market (South Africa) led to volumes declining. Higher fuel costs affected distribution costs. Positively, the Group's expansion outside of South Africa is beginning to show its worth with rest of Africa supporting earnings in the period. However, PPC is in a precarious position. The Group's most cash generative operations are generating cash in a cou...
- Dave Nicoski
- Ross LaDuke
Int'l Insights: EM Strategy
Highlighted themes and actionable charts: • Emerging markets (MSCI EM) versus Developed international (MSCI EAFE). Recent USD strength has weighed on EM's relative performance. Given (1) strength in commodity prices (sans precious metals), (2) the potential for some backing-and-filling of the USD, and (3) MSCI EM price and relative strength support levels continuing to hold, we see recent weakness as a buying opportunity... see below, left • Actionable countries. The MSCI BRIC index has re...
HTHT CHINA LODGING GROUP ADS (N SHARES)
K3SD BAIDU INC SPONSORED ADR CLASS A
CDR CD PROJEKT S.A.
1326 FORMOSA CHEMICALS & FIBRE CORPORATION
JSWSTEEL JSW STEEL LIMITED
00883 CNOOC LIMITED
COPEC EMPRESAS COPEC S.A.
1102 ASIA CEMENT CORPORATION
00308 CHINA TRAVEL INTERNATIONAL INVESTMENT HONG KONG LIMITED
00388 HONG KONG EXCHANGES & CLEARING LTD.
009150 SAMSUNG ELECTRO-MECHANICS CO. LTD
EREGL EREGLI DEMIR YE CELIK FABRIKALARI T.A.S.
HEXAWARE HEXAWARE TECHNOLOGIES
KEI KEI INDUSTRIES
SXC SUNNY OPTICAL TECHNOLOGY (GROUP) CO. LTD.
4HQ WANT WANT CHINA HOLDINGS LIMITED
TATN TATNEFT PJSC
NLMK NOVOLIPETSK STEEL
ASIANPAINT ASIAN PAINTS LTD.
0968 XINYI SOLAR HOLDINGS LTD.
1402 FAR EASTERN NEW CENTURY CORPORATION
HEG HEG
INKP PT INDAH KIAT PULP & PAPER TBK
PTBA PT BUKIT ASAM TBK
6274 TAIWAN UNION TECHNOLOGY
AMOC ALEXANDRIA MINERAL OILS
MULTIFOO MULTIEXPORT FOODS
3BD BOSIDENG INTERNATIONAL HOLDINGS LIMITED
EDELWEISS EDELWEISS FINANCIAL SERVICES
5183 PETRONAS CHEMICALS GROUP BHD.
103H PPC LTD
0914 ANHUI CONCH CEMENT COMPANY LIMITED CLASS H
WEGE3 WEG S.A.
QGEPF ENAUTA PARTICIPACOES SA
FIBR3 FIBRIA CELULOSE S.A.
SFUN FANG HOLDINGS LIMITED SPONSORED ADR CLASS A
GOAU3 METALURGICA GERDAU S/A ORD
RAIL3 RUMO SA
BRAP3 BRADESPAR S/A ORD
GGBR3 GERDAU ORD
RLOG3 COSAN LOGISTICA SA
- Gari Chigwedere
ARM,BMBC,DANGCEM,PPC,WAPCO | Separating the wheat from the chaff
Cement is a pure play on urbanisation, with Sub-Saharan Africa offering investors exceptional access to long-term dynamic growth driven by rapidly expanding populations in need of infrastructure. Cement consumption ranges between 25kg/capita in the DRC to 333kg/capita in the Republic of Congo, and there is still scope to grow to the world average of over 500kg/capita. Nonetheless, cement prices have proven to be highly volatile in the short-term, which often exposes the more levered players. Des...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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