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    ABG   ZAE000255915

ABSA GROUP LIMITED

(ABG)
  Report
End-of-day quote Johannesburg Stock Exchange  -  2022-12-01
188.95 ZAR   +1.91%
12/01South African factory activity expands in November - Absa PMI
RE
11/01NCino to Deliver Automation Service for Absa Bank's Relationship Banking Business
MT
11/01South African factory activity improves in October - Absa PMI
RE
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South African factory activity contracts in September- Absa PMI

10/03/2022 | 05:38am EST
Workers assemble a vehicle as operations begin after flooding in April shut down the Toyota South Africa Motors plant, in Durban

(Reuters) - South African manufacturing activity contracted in September as extensive power cuts weighed on production and new sales orders declined, a survey showed on Monday.

The seasonally-adjusted Absa Purchasing Managers' Index (PMI) was at 48.2 points in September from 52.1 points in August, falling below the 50-point mark that separates expansion from contraction.

"Even if it does not have a direct impact on curtailing output, some respondents flagged that loadshedding (power cuts) weighs on demand for their products due to lower activity elsewhere," Absa said in a statement.

Concerns over the persistence of power cuts by state power utility Eskom, the health of the global economy and the lingering impacts of higher borrowing costs likely aided the negative sentiment, it said.

Electricity outages in Africa's most industrialised nation has reached record levels this year as Eskom, saddled with unreliable coal-fired power stations, has struggled to meet demand.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Olivia Kumwenda-Mtambo)


ę Reuters 2022
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Financials
Sales 2022 96 023 M 5 493 M 5 493 M
Net income 2022 22 139 M 1 267 M 1 267 M
Net Debt 2022 - - -
P/E ratio 2022 7,28x
Yield 2022 7,39%
Capitalization 157 B 8 974 M 8 974 M
Capi. / Sales 2022 1,63x
Capi. / Sales 2023 1,52x
Nbr of Employees 35 267
Free-Float 93,9%
Chart ABSA GROUP LIMITED
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Technical analysis trends ABSA GROUP LIMITED
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 9
Last Close Price 188,95 ZAR
Average target price 221,33 ZAR
Spread / Average Target 17,1%
EPS Revisions
Managers and Directors
Arrie Rautenbach Group Chief Executive Officer & Executive Director
Jason P. Quinn Group Financial Director & Executive Director
Matthews Sello Moloko Chairman
Wilhelm Krige General Manager-Group Strategy
Akash Singh Group Chief Compliance Officer