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Sashank Lanka

Sashank Lanka

Research Analyst at Bank of America Corp. /de/

United Arab Emirates

Sashank Lanka is a Research Analyst at Bank of America Securities, specializing in the coverage of the energy and chemicals sector, with a notable focus on companies such as Sasol Ltd. His recent analyst work includes reiterating a Hold rating on Sasol while setting price targets that reflect ongoing market dynamics. According to TipRanks data, over the last year Lanka's recommendations have yielded a 0% success rate with an average return per rating of -18.90%, ranking him among the lower performance tiers relative to other Wall Street analysts. Prior to and during his tenure at Bank of America, his professional credentials and career timeline have not been broadly disclosed, and there is no public information confirming FINRA registration or securities licenses.

Sashank Lanka's questions to SASOL (SSL) leadership

Question · H2 2025

Sashank Lanka inquired about how current cost savings are tracking against the FY28 guidance, the price recovery assumptions in the International Chemicals EBITDA guidance, and the reason for the projected increase in CapEx from FY27 onwards.

Answer

CFO Walt Bruns noted that cash fixed costs were contained below inflation. EVP of International Chemicals Antje Gerber clarified that the EBITDA guidance assumes lower market prices, with improvements driven by self-help measures. Walt Bruns explained that CapEx increases from FY27 due to the return of the major Secunda phase shutdown, which is on a five-year cycle and absent in FY26.

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Question · H1 2023

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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