Morning Note – 13 November 2017

SENS Summary

Tsogo Sun Holdings Limited (TSH)
Tsogo Sun released a trading statement for the six months ended 30 September 2017. They expect to report an increase in EPS of between 14% and 16%, an increase in HEPS of between 22% and 24%, an increase in revenue of between 0% and 2% and a decrease in adjusted HEPS of between 9% and 11%.
 
Tongaat Hulett Limited (TON)
Tongaat released their interim results for the six months ended 30 September 2017. Their revenue decreased by 4.5%, operating profit increased by 9%, headline earnings increased by 4.8% and their dividend per share remained at the same level as in the prior year of 100 cents.
 
Vodacom Group Limited (VOD)
Vodacom released their interim results for the six months ended 30 September 2017. The group’s normalised service revenue increased by 4.6%, South African revenue grew by 7.7%, group EBIT decreased by 0.2%, net profit increased by 7% and their HEPS increased by 1.1%.

Current Forex

  • ZAR/USD : 14.41
  • ZAR/GBP : 18.92
  • ZAR/EUR : 16.80
     

    JSE Top 40 Moves

    Truworths International Ltd (TRU)


    Truworths decreased by 1.47% on Friday to close at R69.07. This share followed a bearish trend since the 2nd of November 2017, losing 11.45%. An important support level can be found at R68.56, the horizontal support. If we do see a bullish reversal, the stock may find resistance at R76.60 (50-day moving average) followed by the horizontal resistance at R78.


     
    Contact us:

    Schalk Louw

    Portfolio Manager

    Tel: +27 21 202 2715

    Schalk.Louw@psg.co.za

     

    Kobus Viljoen

    Investment Analyst

    Tel: +27 21 204 4074

    Kobus.Viljoen@psg.co.za

    Pieter-Jan van Niekerk

    Equity Analyst & Trader

    Tel: +27 21 202 2714

    PJ.vanniekerk@psg.co.za

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