Latest news with #AbsaGroup
Bloomberg
01-07-2025
- Business
- Bloomberg
South African Factory Mood Brightens as Local Demand Improves
Sentiment among South African manufacturers improved in June as a recovery in local demand boosted new sales. Absa Group Ltd.'s Purchasing Managers' Index, compiled by the Bureau for Economic Research, rose to 48.5 in June from 43.1 in May, the Johannesburg-based lender said Tuesday in an emailed statement. That means the PMI remained below the 50 level that indicates an expansion for the eighth straight month.
Bloomberg
01-07-2025
- Business
- Bloomberg
Absa's New Chief Plots Turnaround After Six Years of CEO Tumult
Absa Group Ltd. 's new head is aiming to turn the bank's retail unit into the biggest in South Africa, revamp its regional operations and bring stability to a firm that has seen six top managers in as many years. Chief Executive Officer Kenny Fihla, who was poached from larger rival Standard Bank Group Ltd., also seeks to bolster non-interest revenue and return on equity at South Africa's third-biggest lender by assets. Fihla will unveil his strategy to the board in the next couple of months, he said on Monday.
Bloomberg
30-06-2025
- Business
- Bloomberg
Absa's Mauritius Unit to Nearly Quadruple Green Loans by 2030
Absa Mauritius plans to nearly quadruple funding for green projects by 2030 to support the island nation's emissions reduction goals and efforts to mitigate climate change. The lender, a unit of South Africa's third-largest bank by assets, Absa Group Ltd., intends to increase green loans to 30 billion rupees ($664 million) from 8 billion rupees at the end of last year.
Bloomberg
20-05-2025
- Business
- Bloomberg
Anglo-African Fund Plans $1 Billion Infrastructure Investment
South African asset manager Ninety One Ltd. plans to deploy more than $1 billion in critical infrastructure projects in Africa and Asia by 2028, after raising debt from global financial institutions. Ninety One-managed Emerging Africa & Asia Infrastructure Fund, or EAAIF, raised $325 million in debt in its latest round that close in March, by backed Allianz Global Investors, and top African banks including Standard Bank Group Ltd. and Absa Group Ltd., according to the firm's co-head of emerging market alternative credit Martijn Proos. That followed a $295 million debt raise that brings the recent total commitments to $620 million, he said.
Yahoo
15-05-2025
- Business
- Yahoo
Those who invested in Absa Group (JSE:ABG) five years ago are up 194%
Absa Group Limited (JSE:ABG) shareholders might be concerned after seeing the share price drop 11% in the last quarter. But that scarcely detracts from the really solid long term returns generated by the company over five years. It's fair to say most would be happy with 119% the gain in that time. Generally speaking the long term returns will give you a better idea of business quality than short periods can. Only time will tell if there is still too much optimism currently reflected in the share price. So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over half a decade, Absa Group managed to grow its earnings per share at 8.6% a year. This EPS growth is slower than the share price growth of 17% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Absa Group's TSR for the last 5 years was 194%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. Absa Group shareholders are up 19% for the year (even including dividends). Unfortunately this falls short of the market return. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 24% over five years. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. It's always interesting to track share price performance over the longer term. But to understand Absa Group better, we need to consider many other factors. Even so, be aware that Absa Group is showing 1 warning sign in our investment analysis , you should know about... But note: Absa Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on South African exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
