Head Topics

[TOP STORY] Resources still driving the JSE higher

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

[LISTEN] '...given current oilprice forecasts from a market perspective & if you look at Sasol’s PE, it still offers reasonable value...But...I'd have my finger on the ‘sell’ button' – chantal_marx of FNBSA Sasol JSE investing

SIMON BROWN: I’m chatting now with Chantal Marx, head of investment research at FNB Wealth and Investments. Chantal, I appreciate the time.

Thankfully they were able to sell some assets at decent prices that bolstered their balance sheets a little, and oil prices have been exceptionally supportive. I think that’s where the trick lies. SIMON BROWN: Standing close to the exit. I take your point on that. Oil is high and could be there for a while. But, as you say, there are a lot of dynamics about that.

But yeah, the resources are really driving the JSE and the Top 40 higher. I’ve just pulled up the forward PE graph for the Top 40. It’s on an 11 times forward PE.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

[TOP STORY] Satrix MSCI India ETF IPO now open[ICYMI] The SATRIX_SA MSCI India ETF is for an investor looking for a country exposure, like India & quite good to look at if you’re looking at diversifying your portfolio: S_Nomoyi investing emergingmarkets Download the podcast
Source: Moneyweb - 🏆 5. / 77 Read more »

[TOP STORY] The impact of inflation on Reits[LISTEN] A recent study found that for every 1% inflation rises, Reit total returns on average would rise about 4.5% – more in certain sectors: ReitwayG's Africanadian on MoneywebNOW with SimonPB property realestate Download the podcast
Source: Moneyweb - 🏆 5. / 77 Read more »

REVIEW | The Man Who Never Was – an unusual but gripping story that raises questions | News24This debut novel is certainly unusual. Only Martin Amis’s Time’s Arrow comes close in subjecting the reader to such a weird experience of time.
Source: Channel24 - 🏆 48. / 51 Read more »

Telkom’s mobile growth story is ending. Now what?New TelkomZA CEO, Serame Taukobong, has a challenge on his hands: the mobile growth story that underpinned the business in recent years appears to be ending. Moneyweb telco Telkom
Source: Moneyweb - 🏆 5. / 77 Read more »

Man United top the league of transfer losses with €1bn net spendDespite having the highest net spend over the past decade, United’s return in terms of silverware has been poor
Source: SundayTimesZA - 🏆 47. / 51 Read more »

FLOYD ON F1: Top dogs not willing to run sprint races for peanutsStumbling block for Mercedes, Red Bull and Ferrari is the absence of accident damage compensation.
Source: TheCitizen_News - 🏆 6. / 75 Read more »