Investors Focus on Medium Term Budget

The week ahead: 

  • Local Data: Medium Term Budget, CPI (24/10); PPI (25/10) 
  • Results Due CGR, CMH, PIK, PSG (16/10); ACS, DCP (17/10); DTC, SPA, SEA (18/10); PSV (19/10) 
  • LDT (16/10): CPI, CGN, ELR, GTR, ILRP2, ITU, JSC, RCL, RMI, RLF, SFN, TLM, TEX, WBO, Various Satrix ETFS 
  • Special Dividend: STXRES, STXSWX 

 

Other Economic data releases of interest… 

 

  • Tuesday: BOE Gov Carney Speaks (UK) 
  • Wednesday: BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate (CAN) 
  • Thursday: Main Refinancing Rate, ECB Press Conference (EU); Core Durable Goods (USA) 
  • Friday: Advance GDP (USA); ECB President Draghi Speaks (EU) 

 

Short Term Ideas 

  • Goldfields: 20.17% open gain, increase target to R45.25, stop loss remains R38.25 

 

Long Term Ideas 

  • Dischem: Full year guidance looks on track, buy below R28.05 
  • Lewis: Buy below R30, target R47.50. 
  • Remgro: Buy below R180, MEI recovery will support rise.  
  • Coronation: Accumulate below R50.00 for a move back to R80 
  • Shoprite: A break above R200 is needed to curb further declines. Hold. 
  • Aspen: Add below R165.00, keep exposure appropriate. 
  • Sygnia: Trading below R8. Add 
  • MTN: Average entry price R92.50. Support building above R80. Hold  
  • Glencore: Pulling back, buy below R52.50 
  • Naspers: Support building at R2,850. Buy below R2,900 

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