Trade Ideas
Local Trade Idea: Bidcorp (BID) - BUY
We initiate a long position. Our upside target is set at R494. We recommend a stop-loss at R427.
14 January 2025
Trade Ideas
Local Trade Idea: Bidcorp (BID) - BUY
We initiate a long position. Our upside target is set at R494. We recommend a stop-loss at R427.
14 January 2025
Flash Notes
Mining output: Sustained annual growth in October
Mining production (not seasonally adjusted) grew by 1.4% y/y in October, marking a deceleration from the revised 4.9% y/y increase (previously 4.7%) recorded in September. This result fell short of the Reuters consensus forecast of a 2.9% rise. Seasonally adjusted, mining output, critical for quarterly GDP calculations, contracted by 3.0% m/m, indicating a weak start to the fourth quarter.
10 December 2024
Hot Topics
The year that was and the year ahead
The year started off with significant caution in the system as the geopolitical environment remained uncertain and a major proportion of the world's democracies were heading into elections. When considering our expectations and positioning for 2025, we are cognisant of the fact that a lot has changed relative to the start of 2024.
04 December 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 47
02 December 2024
Equity Insights
Supermarket Income REIT - Secondary listing on the JSE
Supermarket Income REIT (LSE:SUPR) is the largest landlord of omnichannel (online and offline fulfilment) supermarkets in the United Kingdom (UK). It is dedicated to investing in supermarket properties which are let to leading operators in the UK and Europe. The company has built a portfolio of strong trading, "mission critical" omnichannel supermarkets backed by blue-chip tenants.
29 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.
