Research
The content listed is not for investment, financial, accounting or tax advice and is provided for informational purposes only.
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Key message: Pulp price momentum continued in Europe; however, elevated hardwood inventories could increase near-term downside risk. Graphic paper prices remained under pressure. Meanwhile, Fastmarkets expects demand to potentially contract by -10% in 2026....
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Key message: Despite pressure in some divisions, Bidvest should continue to grow faster than the local economy. We update our Bidvest forecasts after the strengthening of the ZAR. Our HEPS forecasts for FY26 and FY27 decline by 3.7% and 5.4% respectively. We reduce...
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Key message: The business model continues to allow for steady constant currency growth. We update our earnings forecasts for Bidcorp after the strengthening of the ZAR. We reduce our FY26 and FY27 HEPS by 3.8% and 4.6% respectively. Trading conditions remain...