Trade Ideas
Local Trade Idea: Dis-Chem Pharmacies (DCP) - BUY
We initiate a long position. Our upside target is set at R39. We recommend a stop-loss at R33.
03 December 2024
Trade Ideas
Local Trade Idea: Dis-Chem Pharmacies (DCP) - BUY
We initiate a long position. Our upside target is set at R39. We recommend a stop-loss at R33.
03 December 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 47
02 December 2024
Hot Topics
Niche REITs: Unique and innovative investments
Niche real estate investment trusts (REITs) are a subset of REITs that invest in specialised/exclusive real estate properties and assets usually outside the scope of the major REIT players. Most large REITs will hold a blend of retail, office, and industrial assets but Niche REITs will invest in "themed" portfolios of real estate assets ranging from student housing, healthcare properties, storage, movie theatres and experiential properties to land leases, farmland, and outdoor advertising sites.
26 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 46
25 November 2024
Flash Notes
Retail sales undershoot expectations in September
Retail sales growth decelerated to 0.9% y/y in September, down from a revised 3.3% in August (revised from 3.2%). While this marks the seventh consecutive month of expansion, it fell short of the 2.7% increase expected by Reuters consensus.
21 November 2024
Flash Notes
Consumer inflation settles below the bottom of the inflation target band
20 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 45
18 November 2024
Economics weekly
Expectations ahead of the final MPC meeting for 2024
This year was tumultuous as uncertainty on both the political and economic front kept expectations fluid. From the onset, it was obvious that a busy voting calendar across the globe would raise political and fiscal risks, while maintaining market volatility. Our own forecasts at the start of the year were for the Monetary Policy Committee (MPC) to start cutting interest rates in July, post South Africa's (SA) national election, but these were shifted to November given the volatility in economic data and market reactions, and then we shifted our forecast forward to September.
15 November 2024
Flash Notes
3Q24 QLFS: A better outcome, employment still stalled by lack of robust growth
The Quarterly Labour Force Survey (QLFS), a household-based employment survey (not seasonally adjusted), showed an increase in employment during 3Q24 by 293 840 q/q, completely offsetting the 92 416 jobs lost in 2Q24. Unemployment fell by 373 305 q/q, bringing the total number of unemployed individuals to 8 010 520.
12 November 2024
Flash Notes
Consumer inflation settles below the bottom of the inflation target band
20 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 47
02 December 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 46
25 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 45
18 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 44
11 November 2024
Disclaimer
This Publication note is issued by FNB for the information of clients only and should not be produced in whole or part without prior permission. Although FNB is an Authorised Financial Services Provider, any opinions and/or analysis contained in this Publication are for informational purposes only and should not be considered advice, including but not limited to financial, legal or tax advice, or a recommendation to invest in any security or to adopt any investment strategy. The information contained herein has been obtained from sources/persons which we believe to be reliable but is not guaranteed for correctness, completeness or otherwise and we do not assume liability for loss arising from errors in the information or that may be suffered from using or relying on the information contained herein irrespective of whether there has been any negligence by us, our affiliates or any other employees of us, and whether such losses be direct or consequential. As market and economic conditions are subject to rapid change, any comments, opinions and analysis is rendered as of the date of publishing and may change without notice. Such changes may have a material impact on the outcome of any investment. Securities involve a degree of risk and are volatile instruments. Past performance is not indicative of future performances. Securities or financial instruments mentioned in the Publication note may not be suitable for all investors and FNB bares no responsibility whatsoever arising from or as a consequence hereof. The material is not intended as a complete analysis of every material fact regarding any share, instrument, sector, region, market, country, investment or strategy. The recipient of this Publication must make their own investment decision and is advised to contact his relationship manager for a personal financial analysis prior to making any investment decisions. Copyright 2023.
