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South African Overview Selected Announcements Expected

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South African Overview Selected Announcements Expected Friday | 20 March 2020 [email protected] https://www.sasfin.com/wealth/ +27 11 809 7500 South African Overview JSE All Share Index | 2019 v 2020 JSE All Share Index | Intraday 65000 42000 60000 55000 40000 50000 45000 38000 40000 35000 36000 01 Jan 01 Feb 01 Mar 01 Apr 01 May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 09:00 11:00 13:00 15:00 09:00 11:00 13:05 15:05 2019 2020 Corporate Releases Equity Headlines Key Local Indices Selected Announcements The JSE All-Share index closed 1.66% softer on Thursday, after another day with Index Last Previous 1d % 1m % ytd % EOH: The listed IT company, released a trading statement for the six months increased volatility. Emerging markets remain out of favour as investors avoid risky All Share 37963 38605 -1,7 -34,5 -33,5 ending January 2020. The group expects its total loss per share will improve by at assets during these turbulent times. As the number of coronavirus cases increase, Top 40 34239 34716 -1,4 -34,3 -32,6 least 64% and Head Line Loss per share (HLPS) will improve by 47%. EOH many South Africans are starting to experience what many in China, Europe and Resource 10 27787 29158 -4,7 -44,0 -43,6 US have been facing for some time. The increased uneasiness and concern is provided an operational overview: “The group is approximately 12 months into a Industrial 25 56210 54930 2,3 -23,6 -18,9 evident in the market as local pundits sit on their hands and monitor the large turnaround plan that is expected to take at least two years. Good progress on key Financial 15 8651 9309 -7,1 -43,2 -44,8 swings in various stocks. The property and gold sectors both suffered losses of strategic initiatives in respect of the evolving business model, cost savings and Gold 2330 2711 -14,1 -26,2 -18,0 17% on the day. As the rand weakens, SA Inc stocks are being rocked, with banks capital structure initiatives have continued over the past six months.” The once Property 214 218 -1,6 -47,4 -51,8 and credit retailers feeling the most pain. market darling, closed 14.58% higher at R2.75 per share, a long way from the R160 Mid Cap 47474 48833 -2,8 -37,9 -38,8 levels it once occupied. Interim results will be published on 7 April 2020. Small Cap 28112 29315 -4,1 -36,4 -38,8 ARC: The investment holding company, African Rainbow Capital reported results Best & Worst 1-Day Percentage Performances for the six months ending 31 December 2019. The group owns stakes in Best Performers Code Last(ZAR) 1d % 1m % ytd % Worst Performers Code Last(ZAR) 1d % 1m % ytd % businesses like Rain, Alexander Forbes, A2X and digital bank TymeBank. ARC’s NEPI Rockcastle Plc NRP 6565 20,3 -45,5 -47,0 Redefine RDF 209 -22,6 -68,4 -72,4 fund saw an increase in intrinsic value of 1.9% or 3.9% annualised over the six Intu Properties plc ITU 90 20,0 -68,1 -85,6 Nampak NPK 182 -20,9 -59,1 -73,4 months, this was mostly due to an increase in Rain, which now contributes 27.4% EOH EOH 275 14,6 -36,5 -78,1 Gold Fields GFI 6813 -20,4 -35,7 -28,9 of the fund’s value. Intrinsic NAV per share rose to R9.52 or 1.9%. The company 52-Week Highs (or close to) 52-Week Lows (or close to) spend R399 million on acquisitions during the period, most notably injecting R150 million of capital into TymeBank. Company Code Last(ZAR) 1d % 52w High % to High Company Code Last(ZAR) 1d % 52w Low % to Low Pioneer Foods PFG 10991 0,0 11197 -1,8 Redefine Int. Prop RPL 1020 -13,0 1020 0,0 Capitec: In a general statement released on Thursday, Capitec reminded investors Clicks CLS 24734 6,6 27111 -8,8 Nedbank NED 9400 -15,8 9400 0,0 of the 6 March SENS where it advised that HEPS will be between 18% and 21% Vodacom VOD 11700 5,4 13729 -14,8 Transaction Capital Ltd TCP 1142 -15,4 1142 0,0 stronger. “This guidance remains unchanged and Capitec’s fundamental business Astral Foods ARL 18900 -1,2 22252 -15,1 Investec Property Fund IPF 700 -10,7 700 0,0 remains strong” the company said. The banking share has been sold-off heavily, Expected Corporate Releases Dividend Data Last date to trade 24 Mar losing nearly 50% of its value in two trading sessions, reaching lows of around Company Code Expected Release Est. EPS Date Company Code Dividend Payment Date R540 after trading at R1440 per share one month ago. "There is speculation in the market that Capitec will be severely impacted by Covid-19 due to the market on Grand Parade GPL Interim --- 20 Mar Astoria ARA 10.016 USDc 30 Mar which it focuses and its unsecured credit business model," the company said. In the Advtech ADH Final --- 23 Mar Astoria ARA 3.985 USDc 30 Mar released SENS, Capitec stated that only 9% of its clients have credit with the bank, Steinhoff SNH Final --- 19 Mar Bidcorp BID 330 ZARc 30 Mar and that transaction fees and its income from funeral policies cover 91% of its Randyold RNG Interim --- 20 Mar British American Tobacco BTI 52.6 GBPp 13 May operating expenses. Astoria ARA Final --- 25 Mar Bidvest BVT 282 ZARc 30 Mar Cashbil CSB 435 ZARc 30 Mar Fortress A FFA 77.67 ZARc 30 Mar Fortress B FFB 74.84 ZARc 30 Mar Grindrod GND 14.2 ZARc 30 Mar Please refer to the bottom of the last page for the full disclaimer Page 1 Friday | 20 March 2020 [email protected] https://www.sasfin.com/wealth/ +27 11 809 7500 Global Overview Economic Releases Corporate Releases Value of R100 invested in the JSE All Share versus global Yday Area Event Period Actual Exp. Prev. Selected Announcements markets over the past five years in Rand terms 230 9:00am CHF Trade Balance Feb 3,57B 4.23B 4.78B Accenture: Business consulting and outsourcing business, Accenture reported 2:30pm USD Philly Fed Manufacturing Index Feb -12,7 10.2 36.7 earnings that surpassed Wall Street's expectations. Q2 2020 saw revenue jump 2:30pm USD Current Account Feb -110B -109B -124B 6.6% to $11.1Bn while net income rose 9.8%. EPS of $1.91 was 10.4% higher than 3:00pm USD Unemployment Claims Feb 281K 220K 211K the previous period. The group managed new order bookings of $14.2Bn, a record 180 R181,43 performance on both the consulting and outsourcing segments. On the outlook 2:30pm SA Interest RateDecision --- 5,25% 6.0% 6.25% R157,00 --- JPY BOJ Policy Rate Feb --- -0.10% -0.10% front, Q3’s revenue will most likely be $11Bn, unchanged from Q3 2019, the full year revenue outlook however was scaled back from 7% to 4.5%, highlighting Today Area Event Period Exp. Prev. 130 management's view on the expected impact of the coronavirus. 9:00am EUR German PPI MoM Feb -0.2% 0.8% 11:00am EUR Current Account Feb 30.3B 32.6B China Mobile: The world’s largest mobile operator released earnings yesterday. R85,29 11:30am GBP Consumer Inflation Expectations Feb --- 3.1% Service revenue grew 2.6% and telecoms service revenue was mostly flat at 80 Mar '15 Mar '16 Mar '17 Mar '18 Mar '19 Mar '20 11:30am GBP Public Sector Net Borrowing Feb 0.9B -10.5B CNY674 billion. Net profit dropped 9.5% year-on-year to CNY106.6 billion ($15Bn). --- GBP BOE Quarterly Bulletin Feb --- --- The network operator added 45 million new 4G subscribers, increasing its total to FTSE JSE All Share S&P 500 MSCI World Index 10-Year Bond Yields Basis Point Change 758 million, with its total customer base rising 2.7% to 950 million. Average Corporate Calendar Revenue Per User (ARPU) fell 7.5% to CNY49.10, although mobile data traffic Region Yield % 1d Chg 1m Chg 1y Chg Company Area QTR End Est. EPS Prev. EPS Date increased by 90.3% and the average usage per user reached 6.7GB a month. As SA 10,33 29 232,5 159,5 the world’s mobile operators race to be the dominating force in the 5G sector, China HDFCBank US 20 Dec --- 0,43 20 Mar US 1,14 -5 -42 --- Mobile earmarked an 8.3% increase in capex for 2020 to CNY180 billion to expand Tiffany & Co US 01 Jan 1,72 1,60 20 Mar UK 0,72 -7 12 -47 its nationwide 5G network. BRP Inc US 20 Jan 0,80 0,66 20 Mar Germany -0,2 4 22 -29 China Pacific Insurance CNY 01 Jan --- --- 20 Mar Japan 0,04 0 12 11 Nike US 20 Feb 0,58 0,68 24 Mar American Headlines Asian Headlines European Headlines Stocks on Wall Street took a slight breather on Thursday as they managed to close Stock in the Asia-Pacific region was trading mostly higher this morning, after The European markets closed higher after volatile trading for much of the day. Risk in the green, after heavy sell-offs during the trading week. The Dow was heading for modest gains on Wall Street overnight. Investors continue to trade on the side of sentiment remains low and investors continue to monitor the spread of the another day in the red, trading 3% lower at one stage before closing 0.95% up, the caution as risks remain elevated and sentiment low.
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