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 FY21
Sasol: WPC 2020 – weak outlook for the ethylene chain
The IHS World Petrochemical Conference is being held online. The outlook for petrochemicals remains particularly weak for at least the next three years and possibly even longer.
Sasol: Reviewing forecasts – just too many binaries…
We have lowered our earnings for Sasol to reflect lower commodity prices as well as the lower volumes following Sasol’s announced production curtailment. The near-term investment case depends on various events which cannot be predicted with certainty.
Sasol: Monday update – chemicals – they all fall down
Most chemical prices took a large step-down last week and monomer prices continue to decline rapidly. Polymer prices were also significantly lower. A study shows significant declines in South African traffic volumes since the lockdown was implemented.
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 FY21
Sasol: Monday update – polymer prices still steady
Monomer prices continue to decline rapidly but polymer prices are holding steady in the US and declining slowly in Asia. Integrated polyethylene margins continue to expand.
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 FY21
Sasol: Monday update – polymer prices still steady
While ethylene and propylene prices continue to slide, polymer derivative prices are holding steady in the USA and Asia. Sasol’s benefit is limited as only two derivative units at the LCCP are operating and ethane hedges are far out of the money.
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 FY21
Sasol: Saving the balance sheet – can they pull it off?
Sasol’s balance sheet action plan should protect the balance sheet at current oil prices if they can execute effectively. The company should have time until December 2020 to execute on the plan.