Dischem’s results for FY 2019 due in May should show significant improvement based on management’s guidance last year for achieving almost a full rand in earnings. That will put DCP on a PE of around 26 versus Clicks at 32.15.
Buy DCP below R25.50 for a move to R29.50 with a longer-term target around R37.50
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Short Term Ideas
• Sasol: Buy below R430, target R460.00 (Longer term profit target in update below)
Long Term Ideas
• Sasol: Long term buy below R430. Target R550.
• AB InBev: Buy below R1,000 with a target of R1,500
• Richemont: Buy dips below R95. Target R130.00.
• Remgro: A break above R210 is needed to open up R230. Buy below R200.00
• Coronation: Sentiment still negative. Buy dips below R50.00 for a move back to R80
• Shoprite: Stuck in Trading range below R200. Hold.
• Aspen: Bottoming out. Add below R150.00, keep exposure appropriate.
• Sygnia: Moving in the right direction. Add below R8.
• MTN: Accumulate on dips below R80.
• Glencore: Buy below R52.50.
• Naspers: Break out imminent, buy below R3,000. Target R3,800
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