GUD's South Africa Foray Seems Logical -- Market Talk

Dow Jones

May 16, 2024

0111 GMT - GUD Holdings' choice of South Africa for the geographic expansion of its APG business seems logical to Citi. That's because there are similarities to Australia and New Zealand where the top three selling vehicles--the Ranger, Hilux and D-Max--also rank in the top five in South Africa. In a note, analyst Sam Teeger highlights that South Africa is a key export market with 60%-70% of locally produced light commercial vehicles sold overseas, primarily to Europe. "When including exports, the South African volumes could be broadly similar to Australia should other OEMs partner with APG," Citi says. "But we note the aftermarket is likely to be more challenging in South Africa due to lower disposable income." OEMs refer to original equipment manufacturers. (david.winning@wsj.com; @dwinningWSJ)

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May 15, 2024 21:11 ET (01:11 GMT)

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That's because there are similarities to Australia and New Zealand where the top three selling vehicles--the Ranger, Hilux and D-Max--also rank in the top five in South Africa. In a note, analyst Sam Teeger highlights that South Africa is a key export market with 60%-70% of locally produced light commercial vehicles sold overseas, primarily to Europe. \"When including exports, the South African volumes could be broadly similar to Australia should other OEMs partner with APG,\" Citi says. \"But we note the aftermarket is likely to be more challenging in South Africa due to lower disposable income.\" OEMs refer to original equipment manufacturers. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2024 21:11 ET (01:11 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GUD's South Africa Foray Seems Logical -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGUD's South Africa Foray Seems Logical -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-16 09:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0111 GMT - GUD Holdings' choice of South Africa for the geographic expansion of its APG business seems logical to Citi. That's because there are similarities to Australia and New Zealand where the top three selling vehicles--the Ranger, Hilux and D-Max--also rank in the top five in South Africa. In a note, analyst Sam Teeger highlights that South Africa is a key export market with 60%-70% of locally produced light commercial vehicles sold overseas, primarily to Europe. \"When including exports, the South African volumes could be broadly similar to Australia should other OEMs partner with APG,\" Citi says. \"But we note the aftermarket is likely to be more challenging in South Africa due to lower disposable income.\" OEMs refer to original equipment manufacturers. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2024 21:11 ET (01:11 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7051","symbol_name":"机动车零配件与设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2435561889","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2435561889","pubTimestamp":1715821860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0111 GMT - GUD Holdings' choice of South Africa for the geographic expansion of its APG business seems logical to Citi. That's because there are similarities to Australia and New Zealand where the top three selling vehicles--the Ranger, Hilux and D-Max--also rank in the top five in South Africa. In a note, analyst Sam Teeger highlights that South Africa is a key export market with 60%-70% of locally produced light commercial vehicles sold overseas, primarily to Europe. \"When including exports, the South African volumes could be broadly similar to Australia should other OEMs partner with APG,\" Citi says. \"But we note the aftermarket is likely to be more challenging in South Africa due to lower disposable income.\" OEMs refer to original equipment manufacturers. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7051":"机动车零配件与设备","XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数"},"translate_title":"古德进军南非似乎合乎逻辑——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GUD.AU":0.9,"XKO.AU":0.71,"XAO.AU":0.71,"XJO.AU":0.71},"content_text":"0111 GMT - GUD Holdings' choice of South Africa for the geographic expansion of its APG business seems logical to Citi. That's because there are similarities to Australia and New Zealand where the top three selling vehicles--the Ranger, Hilux and D-Max--also rank in the top five in South Africa. In a note, analyst Sam Teeger highlights that South Africa is a key export market with 60%-70% of locally produced light commercial vehicles sold overseas, primarily to Europe. \"When including exports, the South African volumes could be broadly similar to Australia should other OEMs partner with APG,\" Citi says. \"But we note the aftermarket is likely to be more challenging in South Africa due to lower disposable income.\" OEMs refer to original equipment manufacturers. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 15, 2024 21:11 ET (01:11 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}