News Formal

Did the market get it wrong on Shoprite?

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Malaysia News News

If Shoprite CEO Pieter Engelbrecht thought he’d get the market’s backing for what he calls an “exceptional” set of year-end results, he was badly wrong.

While the retailer has topped record metrics within its business, Shoprite stock crashed almost 10% on the release of its numbers last week. Since then, its shares have scraped back most of the losses, but show few signs of bounding ahead...

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Did the market get it wrong on Shoprite?Shoprite’s year-end results showed record performances in more than a few divisions, yet its shares were punished. Fans reckon it’s a buy.
Source: FinancialMail - 🏆 20. / 63 Read more »

Did the market get it wrong on Shoprite?Shoprite’s year-end results showed record performances in more than a few divisions, yet its shares were punished. Fans reckon it’s a buy.
Source: FinancialMail - 🏆 20. / 63 Read more »