Breaking News: Canal+ Offer for MultiChoice:
- Canal+, French TV business, offers 105 rand per share for MultiChoice minorities.
- Synergies between the two businesses.
- Legal considerations regarding foreign media ownership.
- MultiChoice closed at 75 rand; market likely to respond positively.
Market Updates:
- Hyprop reports positive festive trading for its tenants.
- Transaction Capital plans to list WeBuyCars in March; potential value unlock.
- Evergrande declared bankrupt with over 300 billion dollars in debt.
- Hong Kong economy expanded 3.2% in 2023.
- China overtakes Japan as the world's top car exporter.
Cristal Challenge Stock Picks:
Richemont*: Luxury brand with potential in a recovering economy.
[caption id="attachment_41062" align="aligncenter" width="849"]
Richemont weekly chart close 31Jan24[/caption]
Calgro M3*: Debt under control, potential dividend, well-managed company.
[caption id="attachment_41063" align="aligncenter" width="849"]
Calgro M3 weekly chart close 31Jan24[/caption]
AngloGold Ashanti*: Gold as insurance; geopolitical concerns.
[caption id="attachment_41061" align="aligncenter" width="849"]
Anglogold Ashanti weekly chart close 31Jan24[/caption]
Zeda: New listing, unbundling, potential growth.
[caption id="attachment_41065" align="aligncenter" width="849"]
Zeda weekly chart close 31Jan24[/caption]
Mr. Price*: Positioned well in the retail sector, positive trading update.
[caption id="attachment_41064" align="aligncenter" width="849"]
Mr Price weekly chart close 31Jan24[/caption]
Closing Remarks:
Reminder to sign up for email alerts before live sessions.
Host: Simon Brown
* Simon holds ungeared positions.
Host: Simon Brown
Date: 1 February 2024