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Sasol Limited
SSL.NISIN: US8038663006SEDOL: 2777294 |
Rating: SELL |
Target Price: 18.74 USD |
Investment Horizon: 6 to 12 months |
Company News Alert
On 19 June 2009, Sasol Limited (Sasol) announced that it expects FY 2009 EPS, including the impact of non-cash charges, to decrease 40% to 50% y-o-y. This is due to the deterioration of the chemicals market, lower crude oil and chemical prices and a decline in refining margins. Even though the current common stock target price does not support a SELL rating at current price levels, we downgrade our rating from a HOLD to a SELL as we are likely to revise our…
1H 09 Update Report
The current global economic slowdown has led to a reduction in global energy demand and energy prices. With the effects of the credit crisis spreading, the impact across the energy sector has intensified. Sasol has entered into a cash conservation mode, and has reduced its capital expenditure forecast for the next three years by approximately 40%, from ZAR2.5 bn to ZAR1.5 bn....
1H 09 News Alert
Sasol Limited (Sasol) reported strong y-o-y growth in both its top- and bottom-line in 1H 09, driven by strong performances from all its business segments. Going forward, given downturn in worldwide chemical markets and crude oil prices, Management expects 2H 09 earnings to be lower than those realized in 1H 09. However, a decline in crude oil prices will lower input costs in the chemical business over the same period. Given solid…
Company News Alert
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On 21 January 2009, Sasol Limited (Sasol) announced its expected earnings for 1H 09 as well as its revised outlook for FY 2009. The company expects a 55-65% y-o-y increase in its earnings per share given a depreciation of the South African rand against the US dollar during the half year. In addition, although the company expects global economic conditions will impact its earnings in FY 2009, its capital expenditure plans remain…
Company News Alert
CLICK VIEW REPORT TO READ FREE REPORT
Sasol Limited’s (Sasol) common stock price has depreciated significantly since our last update report dated 15 October 2008, which we believe reflects ongoing turmoil in financial markets and a fall in crude oil prices over the same period. However, as we believe that this decline in the common stock price has left it significantly undervalued, we maintain our BUY rating for the common stock until we…
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