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ITE's been getting smashed on the broader consumer slowdown, but building materials are actually sticky whe…by @jse_tttrading on $ITE

TT
TTT Trading@jse_tttrading·Neutral

ITE's been getting smashed on the broader consumer slowdown, but building materials are actually sticky when rand weakens like this. Input costs hurt margins but volumes should pick up once rate cuts start flowing through, probably next year. Long-term view hasn't changed, lot of noise right now with load-shedding killing the construction sector short-term.

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