SSW - Price action vs commodity price trends
Commodity prices increased on upwards trend during the year, compared to SSW which declined due to reporting results of the last Q2.
Even though commodity prices are up, the USD ZAR also plays a role here and the Rand was strong the last quarter which would impact the groups profitability in this Q.
The rand is easing against the USD with the interest rate cuts going on and overall global uncertainty of the middle east.
If you can cancel out the global noise then this stock is something to keep an eye on.
(This is my stockpick notes - not financial advise)
Even though commodity prices are up, the USD ZAR also plays a role here and the Rand was strong the last quarter which would impact the groups profitability in this Q.
The rand is easing against the USD with the interest rate cuts going on and overall global uncertainty of the middle east.
If you can cancel out the global noise then this stock is something to keep an eye on.
(This is my stockpick notes - not financial advise)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。