Breaking News

The Week Ahead – 19 June 2017

By Chantal MarxStock MarketsJun 19, 2017 11:48
The Week Ahead – 19 June 2017
By Chantal Marx   |  Jun 19, 2017 11:48
Saved. See Saved Items.
This article has already been saved in your Saved Items

Some of the local earnings releases to take note of this week include:

  • Naspers’ full year results are expected to reflect core headline earnings per share (HEPS) growth of between 33% and 39%, with the midpoint of this range being ahead of expectations (Bloomberg: +33.4%). Following the solid performance out of Tencent over the last quarter, it is fair to assume that this drove the outperformance and acceleration in earnings.
  • On a local corporate actions front, Tuesday marks the last day to trade in LibertyHoldings, Mediclinic, Mr Price, Reunert, Spar Group, Tongaat Tongaat Hulett, Tradehold, Transaction Capital, Vodacom and Vukile Property Fund to receive their most recently declared distributions. These counters will trade ex-dividend on Wednesday. Curro, PSG Konsult and PSG Group will host AGMs next week.

Results out of the US are limited this week with just a few tech counters scheduled to release quarterly numbers. Multinational computer software companies Adobe and Red Hat will kick off the week followed by Oracle with quarterly numbers on Wednesday. American-owned merchandise retail chain Bed Bath & Beyond is likely to create some buzz within the retail space with first quarter results scheduled to be released on Thursday. Bed Bath & Beyond has come under pressure recently amid a slowdown in shopping centre traffic as more and more shopper’s transition towards e-Commerce. Based on Bloomberg estimates, Bed Bath and Beyond is expected to report a fall in earnings of 17.2% y/y for 1Q18 following a drop of 0.5% during 4Q17. Looking ahead to 2Q17, the estimated earnings growth rate for the S&P500 is 6.6% with nine out of the eleven sectors expected to report positive earnings growth. This is lower than the 8.7% growth expectation as at 31 March, mainly due to downward on the back of several issues including heightened global political risk and uncertainty regarding policy changes within the US.

In Europe, family owned supermarket retail chain Colruyt Group (full year) and building materials distribution company Wolseley (third quarter) are likely to grab investors’ attention this week. Bloomberg is guiding for FY17 bottom-line growth of 1.8% y/y from Colruyt, a slowdown compared to double-digit growth of 12.7% y/y in the previous year. Expectations for Wolseley are fairly upbeat with consensus pointing towards growth of 19.7% for FY17, more than double what was achieved in the prior period.

In the Asia-Pacific region, the focus will likely be on full year results from natural gas distribution company China Gas Holdings. The group recently stated that net profit is expected to grow by more than 70% y/y as a result of solid growth within the principle business during the second half of the year. A reduction in one-off items, including exchange losses, further enhanced performance.

The Week Ahead – 19 June 2017

Related Articles

The Week Ahead – 19 June 2017

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email