EMAIL
PRINT
HOME CONTACT US LOGIN
From the Dealing Desk 13-09-17
13 September 2017 | Sharenet
 


Traders View:

image1

Richemont reported 5 months sales at it’s annual general meeting in Geneva, Switzerland. Sales increased in all regions that the company operates in, lead by double digit sales growth in most of the Asian markets, including China and Hong Kong. A weaker growth rate of 3% in European markets reflects the impact of the strong Euro on the tourists spending habits. Overall the company increased sales by 12% in constant currency and shows higher demand for luxury goods. Richemont’s share price increased 32.58% year-to-date and was one of the top performances of the heavy weights on the JSE Top 40.

image1

credit: Graph Provided by Sharenet Advanced Online Charts

Trade CFR From 0.3%

What to watch today:

Local Retail sales

UK jobless claims

banner


daniel

Daniel Nel
Analyst and Securities Trader 

Daniel is a full-time analyst and securities trader, and is responsible for equities research across industries. Although he grew up in a small town in the Klein Karoo, Daniel has always been interested in both locally and internationally traded companies. Daniel has been actively investing and trading on the JSE and other global exchanges since starting his Bcom Investments Degree at the University of Stellenbosch, which he completed in 2014 . During his studies, Daniel worked as an intern at Kruger International in Johannesburg in 2015, gaining valuable experience from Hein and Mia Kruger. He is currently a CFA candidate.


Disclaimer:
The information contained in this article is for informational purposes only and must not be regarded as a prospectus for any security, financial product or transaction. It is neither to be construed as financial advice nor to be regarded as a definitive analysis of any financial issue. Investors should consider this research/article as only a single factor in making their investment decision. We recommend you consult a financial planner/advisor to take into account your particular investment objectives, financial situation and individual needs.

Share This Story

Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa