Spending a few minutes on one of the most oversold companies of the week (according to ), namely.
Technically if the bottom range hold, R67.50 seems likely, with the 50-day moving average as next target.
The company joined other SA Retailers, with some serious selling pressure, as the sluggish local economy hitting most consumers in the final quarter of 2018. Fundamentally the company don’t look too bad though and might just justify a short-term stab:
$JSEPIK Intl Emerging Market Peers
Forward PE 17.87 23.06
Forward PEG 0.97 1.84
Forward EV/EBITDA 9.01 13.10
Personally, I still prefer JSE:SHP in this sector. Just tick a few more boxes for now.