Massmart operates retail stores in nine formats in sub-Saharan Africa, aggregated into four reportable segments, focused on distribution of branded consumer goods for cash. Co.'s segment include: Massdiscounters, which provides general merchandise discounter and food retailer; Masswarehouse, which provides warehouse club; Massbuild, which provides home improvement retailer and building materials supplier; and Masscash, which provides food wholesaler, retailer and buying association. Co.'s four divisions operate in two principal geographical areas, South Africa and the rest of Africa.
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
Weak discretionary spend has been severely plaguing Massmart's (MSM's) sales, with the company making its first interim loss in over a decade of R647m. The MSM share price fell by 50% over the last six months, with rising concern to long-term sustainability of the Group. Over the last three years, MSM has been re-engineering its supply chain towards a centralised, omni-channel platform. Delays with the implementation of the new SAP Hybris IT system as well as a slew of management changes, are hindering sales and creating additional costs. MSM's new CEO, M Slape, from major shareholder Walm...
Shoprite Holdings Ltd - Strategy, SWOT and Corporate Finance Report Summary Shoprite Holdings Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Shoprite Holdings Ltd (Shoprite or 'the company'), an investment holding company, operates through its subsidiaries. The company offers fast moving consumer goods (FMCG) retail services by operating various hypermarke...
MSM reported poor H1 '18 results, with adjusted HEPS down 20% yoy to 132cps (-42% yoy to 96cps after restructuring costs of R110m), following lower volumes and deflation. Management is rationalising its cost base to align to ongoing weak discretionary spend. Ultimately, we believe the Group needs more volumes to drive earnings growth. However, given the nascent retail environment, we forecast a modest rebound in margins over the next year following a leaner cost base and an effective supply chain.
The independent financial analyst theScreener just lowered the general evaluation of ZOETIS INCO. (US), active in the Pharmaceuticals industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date November 19, 2019, the closing price was USD 120.33 and its target price was estimated at USD 109.68.
The independent financial analyst theScreener just lowered the general evaluation of WSTN.MDSTM.PTNS.LP (US), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date November 19, 2019, the closing price was USD 17.84 and its target price was estimated at USD 16.95.
The independent financial analyst theScreener just awarded an improved star rating to VIPSHOP HOLDINGS LTD. (US), active in the Specialty Retailers industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date November 19, 2019, the closing price was USD 12.26 and its expected value was estimated at USD 10.57.
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