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SPG's trading statement should give us clarity on whether they've managed margin improvement through this c…by @loadshed_lindi on $SPG

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Lindi M.@loadshed_lindi·Neutral

SPG's trading statement should give us clarity on whether they've managed margin improvement through this cycle. At R20.02 the stock is trading on depressed earnings multiple if they've held revenue growth, so the devil will be in the cash generation and capex guidance going forw

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