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link	country	Universe Stocks
Top Picks	AUSTRALIA	51
Top Picks	BRAZIL	76
Top Picks	BRITAIN	107
Top Picks	CANADA	67
Top Picks	CHILE	22
Top Picks	CHINA	115
Top Picks	COLOMBIA	16
Top Picks	DENMARK	12
Top Picks	FRANCE	57
Top Picks	GERMANY	37
Top Picks	HONG KONG	54
Top Picks	INDIA	98
Top Picks	INDONESIA	30
Top Picks	ITALY	17
Top Picks	JAPAN	110
Top Picks	MALAYSIA	42
Top Picks	MEXICO	29
Top Picks	NETHERLANDS	20
Top Picks	PHILIPPINES	22
Top Picks	RUSSIA	135
Top Picks	SOUTH AFRICA	51
Top Picks	SOUTH KOREA	115
Top Picks	SPAIN	24
Top Picks	SWEDEN	25
Top Picks	SWITZERLAND	36
Top Picks	TAIWAN	119
Top Picks	THAILAND	27
Top Picks	TURKEY	28
Top Picks	UNITED STATES	561

Top SOUTH AFRICA Long Picks

Ticker	Company	Sector	1m	6m	YTD	1yr	2yr	3yr	4yr	PE RATIO 2019	EV/EBITDA 2019	P/S 2019	P/B 2019	DIVIDEND YIELD 2019	GROSS MARGIN 2019	ROA 2019	ROE 2019	CUR RATIO 2018	QUICK RATIO 2018	INTEREST COVERAGE RATIO 2018	TOT DEBT TO TOT CAP 2018	EBITDA Margin 2019	revenue Growth 2020	Net Income Growth 2020	DPS Growth 2019	EBITDA Growth 2020	BPS Growth 2020	Capex Growth 2020	FCF Growth 2020	PEG Ratio 2019
ABL SJ zranks	African Phoenix Investments Ltd	Financials	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	0.0	0.0	0.0	0.0	0.0	0.0	-4.5	-7.8	0.0	0.0	0.0	1.2	0.0	0%	0%	0%	0%	0%	-100%	0%	0.0
ASR SJ zranks	Assore Ltd	Materials	#N/A N/A	#N/A N/A	#N/A N/A	4.62	-25.97	77.70	351.37	5.9	17.8	4.8	1.3	6.5	14.8	18.7	21.2	4.0	3.2	137.4	2.2	25.8	-20%	-40%	-0%	-70%	-30%	1150%	0%	0.0
VOD SJ zranks	Vodacom Group Ltd	Telecommunication Services	7.32	9.91	3.47	-3.98	-16.77	11.73	18.68	12.4	6.8	2.2	2.3	7.2	64.7	9.3	18.8	1.0	0.8	7.7	28.4	40.5	0%	10%	-0%	0%	30%	0%	-30%	0.8
SLM SJ zranks	Sanlam Ltd	Financials	19.71	3.34	-28.34	6.10	-18.02	59.84	21.53	22.9	0.0	2.1	2.4	4.2	0.0	0.8	10.5	0.0	0.0	0.0	8.3	0.0	0%	-30%	-0%	0%	-20%	0%	0%	0.0
KIO SJ zranks	Kumba Iron Ore Ltd	Materials	21.07	32.52	38.66	69.87	-29.00	187.08	335.17	8.2	4.0	2.0	3.7	11.2	59.1	25.0	45.5	3.8	2.5	150.1	0.0	51.9	10%	20%	40%	10%	10%	-0%	-0%	0.0
MPC SJ zranks	Mr Price Group Ltd	Consumer Discretionary	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	0.0	7.7	0.0	0.0	0.0	39.1	19.0	29.9	3.9	2.4	928.5	4.0	19.4	-10%	-20%	0%	10%	0%	20%	0%	0.0
SHP SJ zranks	Shoprite Holdings Ltd	Consumer Staples	1.45	29.62	-0.87	-30.24	-24.30	46.44	38.36	14.0	6.6	0.6	3.0	3.6	23.9	4.1	16.0	1.2	0.4	3.0	62.7	8.2	10%	-0%	10%	10%	10%	60%	-80%	1.2
TFG SJ zranks	Foschini Group Ltd/The	Consumer Discretionary	17.44	59.74	-30.11	-1.02	-24.15	44.10	55.37	5.8	4.8	1.1	1.0	5.0	52.7	6.1	16.3	1.6	0.8	2.4	55.7	19.2	-10%	-80%	-60%	-30%	50%	-30%	-20%	0.0
RLO SJ zranks	Reunert Ltd	Industrials	20.50	3.92	-44.82	12.96	-9.68	25.10	19.88	24.9	9.6	1.0	0.8	9.0	0.0	0.5	0.7	2.1	1.6	23.1	4.9	6.8	0%	0%	-60%	0%	0%	-100%	0%	0.0
SBK SJ zranks	Standard Bank Group Ltd	Financials	17.80	15.55	-27.71	2.04	-17.34	50.79	59.01	9.5	0.0	1.5	1.6	5.9	0.0	1.2	15.1	0.0	0.0	0.0	51.1	0.0	-50%	-40%	-10%	0%	-0%	-100%	0%	0.0
BVT SJ zranks	Bidvest Group Ltd/The	Industrials	23.64	7.90	-24.86	4.94	-16.03	37.45	105.86	36.1	13.0	0.8	2.1	2.0	30.6	-0.6	-1.9	1.1	0.6	4.0	35.9	7.6	10%	110%	-60%	80%	30%	10%	-20%	2.6
LBH SJ zranks	Liberty Holdings Ltd	Financials	14.80	-6.89	-45.40	10.71	-19.38	32.82	14.84	9.6	0.0	0.6	1.3	6.4	0.0	0.7	13.1	0.0	0.0	0.0	20.5	0.0	-50%	0%	-10%	0%	-10%	-100%	0%	0.0
MSM SJ zranks	Massmart Holdings Ltd	Consumer Staples	17.98	73.71	-27.38	-48.08	-34.61	25.27	44.38	0.0	5.8	0.3	2.3	0.0	18.9	-3.5	-23.1	0.8	0.2	2.9	47.7	4.4	-10%	0%	0%	-30%	-40%	-40%	0%	0.0
RMH SJ zranks	RMB Holdings Ltd	Financials	21.48	37.13	-13.11	10.12	-10.09	39.28	41.62	0.4	17.3	0.0	0.5	0.0	0.0	111.8	120.1	5.0	0.8	-0.7	0.0	0.0	0%	0%	0%	0%	0%	0%	0%	0.0
DSY SJ zranks	Discovery Ltd	Financials	15.61	25.83	-2.62	-20.99	-25.06	82.49	-1.36	706.4	0.0	1.6	1.6	1.0	0.0	0.1	0.2	0.0	0.0	0.0	25.4	0.0	-30%	0%	-60%	0%	30%	-100%	0%	0.0
LHC SJ zranks	Life Healthcare Group Holdings Ltd	Health Care	0.01	-5.34	-39.63	0.03	-13.76	2.80	10.07	35.0	9.2	1.3	1.5	0.0	0.0	-0.2	-0.6	0.7	0.6	5.2	42.4	17.3	10%	90%	0%	30%	20%	40%	80%	1.2
FSR SJ zranks	FirstRand Ltd	Financials	27.74	16.94	-25.87	3.14	-12.38	47.44	48.59	12.3	0.0	2.2	1.6	3.8	0.0	1.0	12.7	0.0	0.0	0.0	26.5	0.0	-30%	30%	-50%	0%	40%	-100%	0%	0.0
EXX SJ zranks	Exxaro Resources Ltd	Energy	13.33	16.96	5.38	16.04	-14.10	113.90	134.31	4.3	10.0	1.4	1.4	10.9	0.0	14.7	25.6	1.1	0.8	8.0	12.6	23.6	0%	-10%	20%	20%	20%	-40%	0%	0.0
RDF SJ zranks	Redefine Properties Ltd	Real Estate	39.36	0.48	-65.06	-10.16	-14.55	15.64	40.85	0.0	9.3	4.8	0.4	20.9	0.0	-18.0	-35.3	0.3	0.0	2.2	42.1	62.0	-10%	30%	-50%	-30%	20%	-90%	0%	0.0
TRU SJ zranks	Truworths International Ltd	Consumer Discretionary	15.93	9.41	-25.63	-39.08	-15.92	38.80	3.98	8.4	95.2	1.7	2.4	8.2	50.8	-3.6	-7.7	2.2	1.5	1.6	41.0	1.2	0%	-10%	-30%	1850%	4550%	20%	-40%	0.0

Portfolio Longs Average Return 1m 14.8%, 6m 16.5%, YTD -17.7%, 2017 -0.6%, 2016 -17.1%, 2015 46.9%, 2014 67.1%

Top SOUTH AFRICA Short Picks

Ticker	Company	Sector	1m	6m	YTD	1yr	2yr	3yr	4yr	PE RATIO 2019	EV/EBITDA 2019	P/S 2019	P/B 2019	DIVIDEND YIELD 2019	GROSS MARGIN 2019	ROA 2019	ROE 2019	CUR RATIO 2018	QUICK RATIO 2018	INTEREST COVERAGE RATIO 2018	TOT DEBT TO TOT CAP 2018	EBITDA Margin 2019	revenue Growth 2020	Net Income Growth 2020	DPS Growth 2019	EBITDA Growth 2020	BPS Growth 2020	Capex Growth 2020	FCF Growth 2020	PEG Ratio 2019
NPN SJ zranks	Naspers Ltd	Consumer Discretionary	6.06	22.22	29.34	23.48	-27.64	90.44	7.35	28.4	0.0	30.3	2.9	4.0	32.7	9.0	12.6	6.7	6.2	-2.8	10.4	-12.6	30%	-10%	-20%	0%	30%	-20%	0%	0.0
REM SJ zranks	Remgro Ltd	Financials	12.10	-8.41	-36.60	6.20	-27.10	20.09	6.64	17.8	19.5	1.9	0.7	2.7	0.0	4.4	7.1	3.2	2.0	2.2	13.3	6.9	-40%	160%	-60%	0%	40%	-30%	0%	0.0
IMP SJ zranks	Impala Platinum Holdings Ltd	Materials	18.96	55.00	18.11	302.61	-2.58	-15.86	92.47	5.6	3.4	1.0	1.5	4.5	33.3	19.7	31.8	2.4	1.0	4.5	17.3	37.7	70%	110%	0%	100%	50%	60%	80%	0.0
PPC SJ zranks	PPC Ltd	Materials	108.80	10.99	-66.87	-56.40	-27.07	39.71	-37.81	6.3	5.0	0.7	0.4	0.0	19.5	-10.8	-22.5	1.1	0.5	1.5	35.2	15.7	-0%	0%	0%	20%	0%	-100%	0%	0.0
TBS SJ zranks	Tiger Brands Ltd	Consumer Staples	1.75	33.03	-9.57	-9.87	-47.28	31.81	46.40	20.3	12.4	1.2	2.2	2.8	30.1	4.6	6.6	2.0	0.9	177.0	3.3	8.9	10%	0%	-40%	50%	20%	70%	10%	7.3
ANG SJ zranks	AngloGold Ashanti Ltd	Materials	-13.96	-4.25	-2.45	80.06	22.55	-5.70	61.91	24.9	9.3	1.6	3.6	7.3	25.7	-0.2	-0.5	1.6	0.5	3.5	43.2	34.2	30%	200%	0%	90%	280%	0%	190%	0.6
NPK SJ zranks	Nampak Ltd	Materials	191.81	78.82	-68.74	-49.26	-26.43	-3.13	-12.06	0.0	19.7	0.4	0.1	0.0	0.0	-17.9	-49.8	1.5	0.6	0.7	49.6	3.0	10%	0%	0%	300%	0%	-50%	0%	0.0
MTN SJ zranks	MTN Group Ltd	Telecommunication Services	18.78	32.12	-16.34	0.88	-40.78	26.95	16.32	17.9	4.2	1.2	1.8	6.7	71.0	3.2	10.6	0.8	0.4	2.8	49.0	42.1	10%	50%	0%	10%	-0%	10%	70%	0.0
NHM SJ zranks	Northam Platinum Ltd	Materials	22.55	83.19	43.11	194.04	-28.70	43.06	73.05	18.8	7.5	1.9	4.2	0.0	0.0	7.5	25.4	2.0	0.4	5.9	35.6	33.3	80%	170%	0%	150%	60%	10%	170%	0.0
AMS SJ zranks	Anglo American Platinum Ltd	Materials	10.21	18.57	-10.86	155.96	33.57	48.18	60.87	18.5	11.2	1.9	5.8	2.1	26.9	19.1	34.3	1.4	0.4	14.8	11.7	30.2	0%	30%	250%	30%	10%	-10%	-80%	1.4
APN SJ zranks	Aspen Pharmacare Holdings Ltd	Health Care	10.00	-6.15	-1.91	-9.01	-57.35	9.49	4.16	10.9	11.7	1.3	1.0	0.0	50.0	3.7	7.6	1.8	0.9	2.0	46.9	22.4	0%	-10%	0%	20%	20%	10%	-20%	0.0
HAR SJ zranks	Harmony Gold Mining Co Ltd	Materials	-19.72	43.17	17.16	109.06	-4.31	-17.68	130.14	0.0	11.1	0.6	1.9	0.0	11.4	-2.2	-3.8	1.4	0.5	-6.1	20.7	13.8	60%	0%	0%	280%	20%	30%	60%	0.0
MMI SJ zranks	MMI Holdings Ltd/South Africa	Financials	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.8	0.0	0.0	0.0	0.0	0.0	0%	0%	0%	0%	0%	-100%	0%	0.0
INL SJ zranks	Investec Ltd	Financials	38.57	15.48	-36.61	14.02	-20.26	14.64	-1.74	3.3	0.0	1.1	0.4	7.1	0.0	2.1	24.4	0.0	0.0	0.0	64.4	0.0	-60%	-0%	-60%	0%	10%	0%	0%	0.0
MDC SJ zranks	Mediclinic International Ltd	Health Care	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	25.2	18.2	2.0	3.3	0.9	43.6	5.7	15.2	1.4	1.0	5.5	54.5	20.5	10%	40%	0%	10%	20%	-20%	-0%	0.0
INVP LN zranks	Investec PLC	Financials	39.10	13.75	-41.93	10.17	-18.34	14.21	-2.09	10.6	0.0	1.1	0.4	7.2	0.0	2.1	24.4	0.0	0.0	0.0	64.4	0.0	-60%	-40%	-60%	0%	10%	0%	0%	0.0
WHL SJ zranks	Woolworths Holdings Ltd/South Africa	Consumer Discretionary	3.69	15.76	-28.88	-5.84	-24.14	7.06	-16.89	27.4	7.5	0.6	4.8	2.7	35.1	1.1	7.0	1.1	0.2	4.5	60.4	13.2	10%	80%	-60%	10%	40%	-10%	-10%	1.2
IPL SJ zranks	Imperial Holdings Ltd	Consumer Discretionary	14.73	-2.06	-34.58	-7.63	-37.60	64.85	81.44	37.5	8.0	0.2	1.0	4.3	0.0	-0.8	-4.0	1.4	0.7	3.3	62.0	6.2	10%	160%	-40%	80%	30%	10%	-10%	0.0
SPP SJ zranks	SPAR Group Ltd/The	Consumer Staples	10.04	13.74	-9.61	1.97	-8.73	17.83	25.86	16.7	0.0	0.3	4.6	4.6	11.9	4.8	26.9	1.1	0.7	14.8	51.0	0.0	20%	20%	0%	0%	20%	120%	0%	1.2
GFI SJ zranks	Gold Fields Ltd	Materials	-24.07	24.47	30.43	102.08	-20.14	40.57	17.60	34.3	4.9	1.1	2.1	1.6	0.0	2.6	6.0	1.4	0.5	4.8	42.4	51.3	30%	340%	300%	20%	10%	-10%	90%	0.7

Portfolio Longs Average Return 1m 14.8%, 6m 16.5%, YTD -17.7%, 2017 -0.6%, 2016 -17.1%, 2015 46.9%, 2014 67.1%

Portfolio Shorts Average Return 1m 22.5%, 6m 22.0%, YTD -11.3%, 2017 43.1%, 2016 -18.1%, 2015 21.3%, 2014 27.7%

tick	totrank
ABL SJ	53.84
ASR SJ	29.88
VOD SJ	29.57
SLM SJ	15.95
KIO SJ	15.28
MPC SJ	14.26
SHP SJ	14.25
TFG SJ	13.88
RLO SJ	12.15
SBK SJ	10.85
BVT SJ	9.23
LBH SJ	7.87
MSM SJ	7.27
RMH SJ	6.47
DSY SJ	6.10
LHC SJ	4.95
FSR SJ	4.38
EXX SJ	3.81
RDF SJ	3.78
TRU SJ	3.61
JSE SJ	2.73
NED SJ	2.50
RMI SJ	1.84
NTC SJ	1.32
GRT SJ	1.22
SOL SJ	0.99
PIK SJ	0.93
BGA SJ	0.58
BAW SJ	-0.29
SAP SJ	-0.35
ARI SJ	-0.56
GFI SJ	-0.57
SPP SJ	-1.30
IPL SJ	-1.37
WHL SJ	-1.83
INVP LN	-2.16
MDC SJ	-2.50
INL SJ	-2.53
MMI SJ	-3.43
HAR SJ	-5.11
APN SJ	-5.86
AMS SJ	-6.36
NHM SJ	-6.51
MTN SJ	-7.62
NPK SJ	-7.92
ANG SJ	-9.95
TBS SJ	-14.39
PPC SJ	-14.86
IMP SJ	-15.54
REM SJ	-18.04
NPN SJ	-92.78