Economic Insights
2024 Budget: Balancing Fiscal Prudence with Economic Growth Support
Unpack the 2024 National Budget Speech with our FNB Economics team.
21 February 2024
Economic Insights
2024 Budget: Balancing Fiscal Prudence with Economic Growth Support
Unpack the 2024 National Budget Speech with our FNB Economics team.
21 February 2024
Economic Insights
Equity Insights - Arm Holdings: Blockbuster IPO: Opportunistic or Opportunity?
Arm is planning to list on the Nasdaq today by way of an initial public offering (IPO), with owner Softbank expected to sell 10% of its stake in the business while holding on to the balance. When news of the listing first broke, investors were concerned that there may not be major support amid prevailing uncertain market conditions. However, the massive interest in AI enablement technologies outweighed initial scepticism and the latest news reports now suggest that the IPO is ten times oversubscribed. Arm has priced its IPO at $51 per share, implying a valuation of $54.5 billion.
14 September 2023
Economic Insights
Equity Insights - Lesaka - Fair value considering trading illiquidity
22 August 2023
Economic Insights
Equity Insights - Mediclinic's Delisting - Exploring exposure to other hospital groups on the JSE
Mediclinic has delisted from the JSE prompting many investors to consider how to invest their proceeds. There are currently two major hospital groups still listed on the JSE, namely Life Healthcare (LHC) and Netcare (NTC).
06 June 2023
Economic Insights
Equity Insights - L'Occitane International (973 HK) - Cream of the crop
01 June 2023
Economic Insights
Equity Insights - City Lodge Holdings - Model Update
City Lodge Holdings is a South African-based hotel group with over 7500 rooms in 59 hotel properties across Botswana, Mozambique, Namibia, and South Africa. The group houses four hotel brands namely Courtyard Hotel (five hotels), City Lodge Hotel (19 hotels), Town Lodge (12 hotels) and Road Lodge (23 hotels). The brand offers budget-friendly accommodation through Road Lodge, upper midscale stays via Town Lodge and City Lodge Hotel, and upscale accommodation and conference services through the Courtyard Hotel.
12 May 2023
Economic Insights
Equity Insights - Alibaba
Alibaba is planning to break its business into six parts. This comes after years of intense scrutiny of major technology companies by Chinese regulators, on top of having to navigate weaker economic growth and rising competition - particularly in its flagship e-commerce business. Each unit will have its own CEO and board - paving the way for separate listings as well.
04 April 2023
Disclaimer
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