SSW - Price action vs commodity price trends
Commodity prices increased on upwards trend during the year, compared to SSW which declined due to reporting results of the last Q2.
Even though commodity prices are up, the USD ZAR also plays a role here and the Rand was strong the last quarter which would impact the groups profitability in this Q.
The rand is easing against the USD with the interest rate cuts going on and overall global uncertainty of the middle east.
If you can cancel out the global noise then this stock is something to keep an eye on.
(This is my stockpick notes - not financial advise)
Even though commodity prices are up, the USD ZAR also plays a role here and the Rand was strong the last quarter which would impact the groups profitability in this Q.
The rand is easing against the USD with the interest rate cuts going on and overall global uncertainty of the middle east.
If you can cancel out the global noise then this stock is something to keep an eye on.
(This is my stockpick notes - not financial advise)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.