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    Sashank

    Vice President and Equity Research Analyst at Bank of America

    Sashank Naga is a Vice President and Equity Research Analyst at Bank of America, specializing in the coverage of Indian financial services companies, including HDFC Bank, ICICI Bank, and State Bank of India. He is recognized for in-depth analysis and actionable recommendations, with a demonstrated success rate on platforms such as TipRanks, where he ranks among the top analysts in the financial sector with a success rate exceeding 62% and double-digit average returns on his stock calls. Sashank began his finance career in 2013, previously working with UBS and Edelweiss Financial Services, before joining Bank of America in 2018. He holds a Chartered Accountancy qualification and is registered with relevant Indian securities authorities.

    Sashank's questions to SASOL (SSL) leadership

    Sashank's questions to SASOL (SSL) leadership • H1 2023

    Question

    Sashank from Bank of America inquired about the operational outlook for 2023, asking if the coal supply issue is a structural problem and seeking an update on the ammonia force majeure. He also asked about the Chemicals business outlook in the U.S., noting peer commentary on high inventories and weak demand.

    Answer

    President and CEO Fleetwood Grobler explained that coal supply is being addressed with short-to-medium-term measures, including external purchases and a new plan focused on improving blended quality through productivity and de-stoning options. Executive VP, Chemicals, Brad Griffith clarified the ammonia force majeure was due to Transnet rail supply issues and they are working to resolve it. Regarding the U.S. Chemicals outlook, Griffith acknowledged tepid demand but expressed confidence in their volume outlook, citing the pending restart of the Ziegler unit and a bottoming out of prices in Asia as key factors.

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