Daily Report 15 November

SA Company News:

The JSE All Share Index extended it gains on Friday, rising 1.14% to a record high of 69 921, helped by an over 9% jump in shares of luxury retailer Richemont. Richemont reported a jump in net profit to 1.249 billion euros ($1.43 billion) in the first half of its fiscal year 2021/2022, beating a forecast for 1.151 billion euros. Zeder, part of the PSG Group is selling its majority stake in The Logistics Group for R1.6bn. Vodacom Group reported a 5.1% fall in half-year earnings. Headline earnings per share fell to 505 cents in the six months ended 30 September 2021, down from 532 cents a year earlier and declared an interim dividend of 420 cents per share.

SA Economy:

Eskom has urged South Africans to play their part in reducing the risk of load shedding and the severity of it when it cannot be avoided. The load shedding is set to be suspended today after an improvement to the power utility’s generation capacity. Attention this week will be on Stats SA’s October inflation number as well as Reserve Bank governor Lesetja Kganyago will meet for three days with his monetary policy committee to decide on whether to raise interest rates.

​Global Economy:

Hong Kong’s economic growth expanded 5.4% year-on-year in the third quarter of 2021, slowing from a 7.6% jump in the second quarter. Annual inflation rate in India increased to 4.48% in October of 2021 from 4.35% in September, slightly higher than market forecasts of 4.32%.  China’s retail sales rose by 4.9% year-on-year in October 2021 compared to a 4.4% increase in the previous month and beating market expectations of 3.5%.

Global Company News:

The main reason for the recent pullback in US markets was data showing inflation rose to a three-decade high in October. Johnson & Johnson also announced that it is splitting into two publicly traded companies, one focused on drugs and medical devices and the other on consumer products. AstraZeneca reported revenue of $9.87 billion and adjusted earnings of $1.08 per share. AstraZeneca has also stated that it would begin to sell its coronavirus vaccine for a profit.

Commodities:

Gold lost 0.38% to $1 857/oz and Platinum flat at $1 082. Brent crude was 0.6% weaker at $81.40 a barrel. 

 

Economic Calendar for the week:
2021/11/15
SOUTH AFRICA
Country	Economic Event	Date
SA	Business Confidence	15-Nov-21
SA	Core CPI	17-Nov-21
SA	Retail Sales	17-Nov-21
SA	Interest Rate Decision	18-Nov-21
INTERNATIONAL
Country	Economic Event	Date
JPY	GDP	15-Nov-21
CNY	Industrial Production	15-Nov-21
USD	Retail Sales	16-Nov-21
GBP	Core CPI	17-Nov-21
EUR	Core CPI	17-Nov-21
USD	Building Permits	17-Nov-21
USD	Initial Jobless Claims	17-Nov-21
USD	Philadelphia Fed Manufacturing Index	18-Nov-21
GBP	Retail Sales	19-Nov-21
SOUTH AFRICA
Ticker	Company	Date
ARL	Astral Foods Ltd – FY21 Earnings	15-Nov-21
VOD	Vodacom Group Ltd – 1H22 Earnings	15-Nov-21
SHP	Shoprite Holdings Ltd – 1Q update	15-Nov-21
SSS	Stor-Age Property – 1H22 Earnings	16-Nov-21
TCP	Transaction Capital – FY21 Earnings	16-Nov-21
IPF	Investec Property Fund – 1H22 Earnings	16-Nov-21
N91	Ninety One PLC – 1H22 Earnings	17-Nov-21
SPP	Spar Group Ltd – FY21 Earnings	17-Nov-21
INP	Investec PLC – 1H22 Earnings	17-Nov-21
BAT	Brait PLC – 1H22 Earnings	18-Nov-21
INL	Investec Ltd – 1H22 Earnings	18-Nov-21
LHC	Life Healthcare Group – FY21 Earnings	18-Nov-21
NRP	NEPI Rockcastle PLC – Business Update	18-Nov-21
PPH	Pepkor Holdings Ltd – FY21 Earnings	19-Nov-21
RNI	Reinet Investments SCA – 1H22 Earnings	19-Nov-21
TBS	Tiger Brands Ltd – FY21 Earnings	19-Nov-21
TSG	Tsogo Sun Gaming – 1H22 Earnings	19-Nov-21
INTERNATIONAL : United States
Ticker	Company	Date
TSN US	Tyson Foods – 4Q21 Earnings	15-Nov-21
HD US	Home Depot – 3Q21 Earnings	16-Nov-21
WMT US	Walmart Inc – 3Q22 Earnings	16-Nov-21
CSCO US	Cisco Systems – 1Q22 Earnings	17-Nov-21
NVDA US	NVIDIA Corp – 2Q22 Earnings	17-Nov-21
AMAT US	Applied Materials Inc – 4Q21 Earnings	18-Nov-21
INTERNATIONAL : Europe
Ticker	Company
SOON SW	Sonova Holdings AG – 1H22 Earnings	15-Nov-21
HSV LN	HomeServe PLC – 1H22 Earnings	16-Nov-21
VOD LN	Vodafone Group PLC – 1H22 Earnings	16-Nov-21
SGE LN	Sage Group PLC – FY21 Eearnings	17-Nov-21
EXPN LN	Experian PLC – 1H22 Earnings	17-Nov-21
INTERNATIONAL : Asia
Ticker	Company
005250 KS	Green Cross Holdings Corp – 3Q21 Earnings	15-Nov-21
005380 KS	Hyundai Motor Corp – 3Q21 Earning	15-Nov-21
000270 KS	Kia Corp – 3Q21 Earnings	15-Nov-21
003550 KS	LG Corp – 3Q21 Earnings	15-Nov-21
BIDU US	Baidu Inc – 3Q21 Earnings	17-Nov-21
BABA US	Alibaba Group Holding Ltd – 2Q22 Earnings	18-Nov-21
JD US	JD.com Inc – 3Q21 Earnings	18-Nov-21

Currencies:

The rand was weaker at R15.31 against the US Dollar, R20.56 against the British Pound and R17.54 against the Euro. The Euro flat at $1.144.