Daily Market Blog: Sport is Super

12-NOV-19

Market Scorecard



Yesterday was a rather subdued day for markets. There is the overhang of increased hurdles to a trade truce, the escalating violence in Hong Kong and then sectors of the US were closed yesterday for Remembrance Day. Locally, Aspen announced that they would be selling their Japanese division for EUR 400 million. On the surface, it looks like a good price. Aspen 'only' makes EUR 24 million in profit a year from the Japanese operations, so getting 16 times earnings is a healthy price for those assets. This sale will help Aspen focus on their core business and to pay down its debt burden. The stock closed up 4% on the news.

Yesterday the JSE All-share closed down 0.78%, the S&P 500 closed down 0.20%, and the Nasdaq closed down 0.13%.



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Stocks which we currently recommend

AdvTech is an African education group.

Alphabet (Google) is the world's biggest online advertising platform.

Amazon.com is the world's leading online retailer.

Amgen is a biotech company focussed on blood and cancer therapies.

Apple is the global leader in tablet and smartphone technology.

Aspen is a rising global star in the pharmaceutical industry.

AVI owns leading brands in the food and shoe sectors.

Booking Holdings is the biggest online travel booking service in the world.

Bidcorp is a foodservices company with operations mostly in Asia and Europe.

City Lodge is a mid-priced hotel group in urban areas of Africa.

Discovery is a technology-driven healthcare administrator and life insurer.

EssilorLuxottica is the world's largest branded sunglass maker and retailer.

Facebook owns Instagram, Whatsapp and Facebook.

Famous Brands is SA's largest quick-service restaurant group.

FirstRand is a banking holding company owning FNB, RMB and Wesbank.

Johnson & Johnson is the world's largest consumer health and pharma company.

JP Morgan is the biggest bank in the USA.

Illumina is the dominant manufacturer of genetic sequencing machines.

L'Oreal is a world leader in the manufacturing and sale of beauty products.

Long4Life is an investment company targeting the health and wellness sector.

MTN Group is an emerging markets mobile telecoms giant.

Mediclinic owns hospitals in SA, the UAE, the UK and Switzerland.

Multichoice is an Africa satellite TV and entertainment provider.

Naspers is the holding company of Prosus and South African internet companies.

Netflix is a TV & movie content creator & has a global, content streaming network.

Nike is a designer and retailer of running shoes and other sporting equipment.

NVIDIA is the world's leading chip maker for AI, cars, datacenters & gaming.

Prosus owns food delivery, internet, gaming and ecommerce businesses.

Remgro is a South African investment holding company.

Richemont owns the finest luxury brands like Cartier and Van Cleef & Arpels.

Starbucks is a roaster and retailer of coffee and fantastic foods.

Stryker makes hip and knee joint replacements and hospital beds.

Tesla is the world leader in electric vehicles and batteries.

Tiger Brands is a basic and branded food producer, expanding through Africa.

Uber is a ride hailing and food delivery company.

Visa is a global payments technology company.

Vodacom is a South Africa-based communications provider.

Woolworths the leading organic food & clothing retailer in the Southern Hemisphere.

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