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While 2023 is not expected to be a great year for business as higher interest rates bite, the JSE-listed clothing retailers may still offer some opportunities for patient investors.
Although they are also subject to the vagaries of global markets and a struggling local economy, analysts told News24 earlier in December that with an undemanding average price to earnings (PE) ratio of about 10, they are worth a second look.
While expectations aren't necessarily that they will shoot the lights out in terms of share price performance in the coming year, they may offer opportunity for investors willing to buy in at relatively low prices wait and then patiently wait out the cycle. In fact, with so much uncertainty over the direction of the world economy, there may be even more pressure on the shares of clothing retailers in 2023, which could bring even more chances for punters looking to buy the dip to invest.
