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Warrants and Share Instalments

Welcome to The Standard Bank of South Africa Limited's ("Standard Bank") Warrants website, which provides information on the warrants and share instalments issued by Standard Bank, together with general information relating to warrants and market information. Access to and use of the information provided on this website is subject to the Terms and Conditions, Privacy and Security Statement and Disclaimer.

Financial and other information relating to Standard Bank as the issuer of the warrants and share instalments as well as the terms and conditions governing the warrants and share instalments are set out in the Common Terms Document and related annexures and/or supplements. The warrants and share installments set out on this website are subject to certain selling restrictions which are documented in the Common Terms Document and related annexures and supplements. In particular warrants and share instalments may not be offered or sold within the United States of America or for the account or benefit of U.S. persons. Further restrictions may also be applicable in respect of non-residents and potential investors should ensure that they are they are familiar with all such restrictions.

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Welcome to the Standard Bank of South Africa Limited
Market Report
Date Updated: 7/27/2021 8:45:03 AM

WHAT HAPPENED OVERNIGHT:

·        S&P +0.24%: cautiously extended run of record highs on more earnings beats ahead of FOMC.             

·        Megacap Tech shares continued to dominate earnings in the US, this time round TSLA (+2.3%) led after second-quarter results beat analysts’ estimate ahead of Apple, Amazon, Alphabet and Facebook reporting’s later this week.   

·        US 10yr<1.27%; treasuries ended Monday mixed with the curve steeper. FOMC kicks off today and should provide a litmus test for equities recent run. DXY<92.62 eased amid a record low real yield on US 10yr. Gold<$1795, Brent<$74.85 remains range bound. .   

·        Seven of the main 11 S&P 500 industry groups advanced. Energy stocks climbed the most, despite weakness in crude prices, Nasdaq unch,  Russell 2k (+0.3%).

·        Asia’s mixed, NKY+0.4% but region is still reeling from Beijing’s Tech clamp down HSCEI -3.4% adding to yesterday’s 5% drop. Elsewhere equity futures trading steady despite concerns around which sector CPCC might target next.

·        China -0.6%, HK -2.4% and Tencent  -6.3% following more clamp down on subsidiaries.     

·        Australia +0.5%; Energy (+1.6%) and Materials (+1.3%) leading whilst tech lags. RIO +1.7% & FMG +1.6% & BHP +2.8% indicates +1% SA open.

 

What else of interest?

·        Tencent holding Meituan slid a record 16.3% on Tuesday in Hong Kong, on top of a 14% plummet the previous day. The Tencent Holdings Ltd.-backed company, already the target of an antitrust probe with uncertain outcomes, was caught up in a broader selloff of internet stocks after China ordered swathes of its $100 billion private education sector to go non-profit. Meituan has shed more than $58 billion of its market value over two frenetic trading sessions, after Beijing unveiled sweeping reforms against private-sector companies that darkened the outlook for the world’s biggest food delivery giant.

·        KIO –  another bumper payout, H1 hEPS 7278c (vs guided midpoint 7241c), interim div 7270c (vs sbge 5939c) ie 100% of earnings (vs sbge c80%). Parent AGL almost certain to announce special themselves at interim (sbge 143c + 95c spec) - following AMS yday.

.

 

 SOUTH AFRICAN NEWS:

Expect JSE AllShare -0.5%

·        From SA close, S&P +0.3%, (futs +0.1), gold -$6 ($1795), plat -$6 ($1060), pall -$43 ($2673), copper +0.4% ($4.58/lb), Brent crude +1.3% ($74.83), Dalian iron -0.9% (201=spot $/t), Singapore iron -0.7% ($198), Dalian coking coal -0.7%, Steel Rebar -1.1%, BHP parity +1%, USDZAR -0.2% (14.85), Tencent -6.3% (HKD460).

Also due today:

·        KIO H1

TODAYS KEY DATA POINTS:

 

 

 

Gobal Macro data – today

·        10:00AM: EC Money Supply

Global data – week ahead   

·        Wed (July 28): FOMC

·        Thur (July 29): US Initial Jobless Claims, US GDP, Fra PPI, Ger Unemployment, Ger CPI

·        Fri (July 30): Fra GDP

·        Monday (Aug 2): US Manuf PMI,

·        Tues (Aug 3): US MBA Mortg App, US Durable Goods, EC PPI

·        Wed (Aug 4):  US Serv PMI, Fra, Ger & EC Markit Serv PMI

·        Thur (Aug 5): US Initial Jobless Claims, EC CPI, Ger Unemployment

·        Fri (Aug 6): US Unemployment, Fra Current Acc

 

SA – next week

·        Wed (July 28):  None

·        Thur (July 29): Money Supply, PPI, ACL H1, MIX Q1

·        Fri (July 30): Trade Balance

·        Monday (Aug 2): Absa PMI, Naamsa Vehicle Sales

·        Tues (Aug 3): 

·        Wed (Aug 4):  Sbg PMI

·        Thur (Aug 5): Electric Consumption

·        Fri (Aug 6): Net Reserves

 


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Standard Bank Warrants and Share Instalment News
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