by Gerhard Engelbrecht | Jun 4, 2021 | Chemicals
Spot earnings remain flat as higher oil price and refining margins are offset by lower chemical prices. FY22 spot earnings are at R52.30/share.Around 12% of the upside to spot earnings in FY22 arise from higher chemical prices. Chemical prices in Asia declined...
by Gerhard Engelbrecht | May 28, 2021 | Chemicals
Spot earnings were flat this week as a higher oil price offset the stronger rand, lower refining margins and lower chemical prices. FY22 spot are at R52.30/share.Around 17% of the upside in spot earnings in FY22 arise from higher chemical prices. Chemical prices...
by Gerhard Engelbrecht | May 21, 2021 | Chemicals
FY22 spot earnings declined by 8% to R52.77/share this week as oil prices and refining margins declined. Both petrol and diesel crack spreads declined with petrol at $6.76/bbl and diesel at $4.47/bbl.Around 22% of the upside in spot earnings in FY22 arise from...
by Gerhard Engelbrecht | May 14, 2021 | Chemicals
As FY21 draws to a close we have rolled forward our spot earnings estimates by a year (link). We estimate spot earnings for FY22 at R57.30, flat on spot earnings last week. Oil prices were higher, but this was offset by the stronger rand. Refining...
by Gerhard Engelbrecht | May 13, 2021 | Chemicals
Higher near-term earnings: We raise our FY21 headline earnings per share estimate for Sasol from R30.20 to R36.65/share (+21%) and we increase our FY22 estimate from R32.65 to R36.10 (+11%). Closing rates of currencies and oil could still impact these...
by Gerhard Engelbrecht | May 7, 2021 | Chemicals
Sasol’s spot earnings continue to move higher and spot headline earnings for FY22 is at R57.64/share. Oil prices and refining margins increased in the week. Petrol cracks have increased to more than $11/bbl, but diesel remains weak at $6/bbl.Around 36% of...
