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    AMS   ZAE000013181

ANGLO AMERICAN PLATINUM LIMITED

(AMS)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 09/17
1333.49 ZAR   -0.74%
09/08Platinum Market Swung to Surplus in 2Q -WPIC
DJ
09/01ANGLO AMERICAN : Strategy Director Leading Candidate To Succeed CEO
MT
08/26South Africa domicile is not main reason for Gold Fields' share discount -- CEO
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

S.Africa's rand partially recovers, but risks remain

07/26/2021 | 12:18pm EDT

JOHANNESBURG, July 26 (Reuters) - South Africa's rand recovered from early losses on Monday, with concerns over rising COVID-19 infections setting a cautious tone in global markets ahead of the U.S. Federal Reserve's meeting this week.

At 1540 GMT, the rand traded at 14.8000 against the dollar, up 0.35% from its previous close.

The currency fell last week after the South African Reserve Bank suggested on Thursday that interest rates would stay relatively low.

The dollar has in recent sessions benefited from safe-haven buying on fears a surge in infections of the fast-spreading Delta variant could derail the global recovery, pressuring riskier assets, such as the rand.

The dollar has also been supported by inflationary concerns and prospects of an earlier than expected U.S. rate hike.

Market participants are now waiting for the U.S. central bank's meeting on Tuesday and Wednesday. While no policy change is expected, investors will look for clues on when the Fed might start reining in its easy monetary policies.

"A more dovish tone ... would help significantly with market concerns over global growth on the global rising third wave," said Annabel Bishop, chief economist at Investec.

Shares on the Johannesburg Stock Exchange were largely unchanged from Friday's close.

The benchmark all-share index closed down 0.02% at 68,051 points, while the blue-chip index of top 40 companies closed up 0.02% to 61,946 points.

Shares in Anglo American Platinum and Impala Platinum jumped by more than 5% as Impala Platinum posted a four-fold jump in half year profits.

The resources index was up 3.68%, which helped offset a fall in industrials, led by a slump in the shares of Naspers Ltd and subsidiary Prosus, which were down on increased scrutiny of tech companies in China.

Naspers, through Prosus, holds around a 30% stake in Chinese internet and gaming giant Tencent.

Bonds strengthened, with the yield on the benchmark government bond due in 2030 down 13 basis points at 8.83%. (Reporting by Olivia Kumwenda-Mtambo and Promit Mukherjee Editing by Tomasz Janowski and Mark Potter)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED -0.74% 1333.49 End-of-day quote.-7.60%
IMPALA PLATINUM HOLDINGS LIMITED 1.63% 177.1 End-of-day quote.-12.28%
NASPERS LIMITED 1.65% 2400 End-of-day quote.-20.51%
PROSUS N.V. -1.36% 68.92 Real-time Quote.-22.00%
TENCENT HOLDINGS LIMITED 2.39% 461.8 End-of-day quote.-18.12%
All news about ANGLO AMERICAN PLATINUM LIMITED
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Analyst Recommendations on ANGLO AMERICAN PLATINUM LIMITED
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Financials
Sales 2021 220 B 14 919 M 14 919 M
Net income 2021 80 770 M 5 481 M 5 481 M
Net cash 2021 53 118 M 3 605 M 3 605 M
P/E ratio 2021 4,27x
Yield 2021 20,4%
Capitalization 350 B 23 686 M 23 727 M
EV / Sales 2021 1,35x
EV / Sales 2022 1,29x
Nbr of Employees 22 839
Free-Float 21,0%
Chart ANGLO AMERICAN PLATINUM LIMITED
Duration : Period :
Anglo American Platinum Limited Technical Analysis Chart | AMS | ZAE000013181 | MarketScreener
Technical analysis trends ANGLO AMERICAN PLATINUM LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 1 333,49 ZAR
Average target price 1 911,88 ZAR
Spread / Average Target 43,4%
EPS Revisions
Managers and Directors
Natascha Viljoen Chief Executive Officer & Executive Director
Craig Miller Finance Director & Executive Director
Norman Bloe Mbazima Non-Executive Chairman
Chris Mccleave Executive Head-Technical
John Meadway Vice Independent Non-Executive Director