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CFR's luxury positioning keeps it insulated from local demand weakness, but the weak rand headwind cuts bot…by @deon_construction_bull on $CFR

DE
Deon A.@deon_construction_bull·Bearish

CFR's luxury positioning keeps it insulated from local demand weakness, but the weak rand headwind cuts both ways on earnings translation. At these levels the valuation looks stretched for a discretionary play when infrastructure stocks are finally getting traction from governmen

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