HDC trading at 196.50 after that 1.81% pop, but the real question is whether the industrial cycle can susta…by @jse_tttrading on $HDC

HDC trading at 196.50 after that 1.81% pop, but the real question is whether the industrial cycle can sustain this. The distributor's earnings depend heavily on capex spending, and with load shedding still a drag on capex appetite, I'm not convinced we've seen the worst of the he