JSE Direct with Simon Brown JustOneLap.com

US 10-year yields highest since 2007 Bad news all round (unless you buying).
Almost 40% of US government debt expires in the next four years and will be re-issued at markedly higher rates, 9x higher in some cases.
Money flowing into US bonds for yield.
This sees less money entering the stock market Sees a stronger US$ (check DXY strength, all currncies weaker against US$) Hits valuations lower as higher rates makes cash worth less in the future, but so far the market has ignored this fact.

Simon Shares The Top40 closed negative for the year on Tuesday. This after being almost +12% in late January and trading at all-time highs. Top40 close 26 September 2023, negative YTD Fed and SARB hold rates steady - but very hawkish.
StatsSA "South African hotels recorded an occupancy rate of 47.3% in July 2023, up from 45.8% in June and 45.5% in May.". But still below the ±50% pre-pandemic occupancy levels.

Simon Shares Shoprite* (JSE code: SHP) results "2023 was extraordinary".
Chart by Koyfin 15% discount for first 2 years
Richemont (JSE code: CFR) getting interesting, let's see if support holds. [caption id="attachment_40005" align="aligncenter" width="849"] Richemont weekly ~ 07Sep23[/caption]Nampak (JSE code: NPK) nil paid letters are trading, code NPKN. Remember either sell them or take up the rights. Calgro M3* (JSE code: CGR) trading statement, HEPS +20% for the first six months ending August. The latest PMIs out of Europe all quite weak, not only declining from the previous month, but lower than the preliminary numbers from the middle of last month Profit from the Longevity Boom with Healthcare ETFs The tax ABCs of buying a property Simon Brown
* I hold ungeared positions.
 

Simon Shares Bidcorp - excellent AvdTech* - really good, stock at all-time highs Stadio - good student growth Motus - poor HEPS, good dividend Woolies* - not bad, but wow only got R1.1billion for David Jones Sasol - impairments galore Adcock Ingram - capacity utilisation is weak Aspen - good second half KAP - tough out there Super Group - strong numbers * I hold ungeared positions.

dd Spur and Calgro M3, two stocks I have been watching and both have seen their prices break higher.
Calgro M3 (JSE code: CGR) builds lower income housing and after a few troube years os back on track. Latest results were for year ending February 2023. PE ±2.5% Cash on hand ±R172million, market cap is ±R440million NAV 951c (including unused land valued at ±30% of NAV) while share price 365c
Spur (JSE code: SUR) sells fast casual food and the pandemc hurt. Latest results have some base effect as they are for six months ending June 2023. Forward PE ±5x Dividend yield ±14% Spur remains their key brand.
Simon Shares Thungela (JSE code: TGA) results saw HEPS down 67% which is the same as the price of coal over the last year. UBS cuts China's GDP growth forecast for 2023 from 5.2% to 4.8% CoreShares ETFs name change to 10X. Local inflation for July was 4.7%, a really strong number and better then the market expected, this even as administrative prices kicked in during July. Transport was negative for the period.
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China in trouble as economic data keeps on disappointing? Chinese data keeps disappointing, every since the -7.5% export data from April. Expected was a strong rebound after they lifted zero-covid restrictions. But not happening.
Just this week;
Among 70 Chinese cities, 49 saw a fall in new home prices month-on-month in July from 38 cities the previous month. China suspends youth unemployment data after record high. Over the last decade they’ve halved the number of indicators they publish. Retail sales lower Industrial production lower fixed asset investments lower Simon Shares  MTN (JSE code: MTN) results had an interesting update on their fintech business. reports were they would list it, but for now Mastercard has taken a stake valuing the business at ±R100billion while MTN market cap is ±R250billion. Satrix is shutting down three of the ETFs they got from Absa. They are the Volatility Managed ETFs. They two small and not core to teh Satrix startegy. If you hold them on close 29 September you'll be paid out the NAV. The three are; STXMEQ STXDEQ STXGEQ Buying the Nasdaq local or offshore? Which is better? Every time is actually different How to double your retirement fund Koyfin 15% discount for first 2 years