Cashbuild – FY21 Results
Key message: Strong Covid-induced DIY demand has boosted volumes and margins – this will moderate into FY22. We do anticipate a sustained growth in demand for construction materials.
WBHO – FY21 Results
Key message: Actively managing down the order book should improve the quality of earnings. Signs of a recovery in the mining sector is a positive for WBO.
Murray & Roberts – FY21 Results
Key message: FY22 and FY23 should see strong revenue and profitability growth with execution of the current high order book.
Super Group – FY21 Results
Key message: The resumption of dividends was the key feature of the result, indicating the end of a long recovery process and a relatively quick normalisation post-Covid.
Auto Anemometer
You are not authorised to view this page. Please Login or Contact us if you are a client and need access
KAP Industrial Holdings
https://chronux.co.za/wp-content/uploads/2021/09/KAP-0821-FY21-Results.pdf
Cement Import Monitor
Key message: June imports fell and the July/August levels are likely to fall substantially due to the looting and disruptions around the port of Durban.
Mpact – 1H FY21 Results
Key message: Volumes recover well with paper margins boosted from switching low-margin paper exports to the local market. Some cost pressures should be recovered through price increases in 2H.
Auto Anemometer
Key message: On 1 July 2021, the Competition Commission’s Guidelines for Competition in the South African Automotive Aftermarket become effective. The final guidelines were issued on 29 January 2021 and are available on the Commission’s website, at http://www.compcom.co.za/guidelines/