Last week Richemont (CFR:JSE) announced its joint venture with Alibaba. An opportunity for mass distribution like this could see Richemont’s sales soar over the coming years. Especially into China where Alibaba has a strong presence and China is expected to account for nearly 50% of the luxury good market in the next six years. 


And CFR’s share price has bottomed out around R100 after a fall from above R133 8 weeks ago. Investors and Asset managers will be accumulating at this level, which will see the price start to rise. Look at the chart below. 

Buy CFR below R105.00 with a target price of R130.00. Risk averse investors can place a stop loss at R95.00 to limit their risk. 

Last week’s Movers and Shakers 

The week ahead: 


Other Economic data releases of interest… 



Add these 5 shares to your portfolio before the Christmas rally 


Long term investors can add Remgro, Coronation, Aspen, MTN and Naspers if they have a low to no exposure in these companies. Their share prices appear to be bottoming out and this might be the low before the Christmas rally. See our other ideas below. 


 Short Term Ideas 


Long Term Ideas