Research
The content listed is not for investment, financial, accounting or tax advice and is provided for informational purposes only.
Sasol: Spotlight on earnings – latest profit drivers
We show Sasol’s key profit drivers as well as the earnings for the current and next financial years if drivers remained at spot levels until the end of FY22
Forestry & Paper: Lenzing FY 20A Textile Fibre Insights
Key message: No major VSF projects expected to impact VSF supply in 21/22E. This is supportive of robust VSF prices and accordingly DWP prices.
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Afrimat – Earnings Update
Key message: We update our forecasts for the very strong iron ore prices as FY21 is now over. A higher medium-term iron ore price outlook increases our earnings forecasts.
Sasol: WPC2021 – Cautious outlook remains in place
We are currently attending the virtual World Petrochemical Conference hosted by IHS Markit. We highlight the key themes that impact prices of Sasol’s commodity chemical products.
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Forestry & Paper Weekly Price Update
Key message: Big jumps for pulp this week, means more pain for non-integrated Graphic Paper producers. OCC jumps 7% w/w, while containerboard sees modest gains.
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Forestry & Paper: Textiles Fibre Weekly Update
Key message: Imported DWP stable, while domestic prices continue to rise.
WBHO – 1H FY21 Results
Key message: WBHO was able to absorb the WRU losses with minimal balance sheet stress. There are some encouraging order book signs in the local/rest of Africa and UK businesses.