Market Wrap

Market Wrap - Stock pick — AVI

Kwame Antwi from KOA Capital chose AVI as his stock pick of the day. "My pick is AVI. They released results yesterday, I've been quite bullish on the stock itself and I was actually spectacularly surprised. If you look at the business as a whole, yes AVI has always traded…

9 Sep 2020 2AM 1 min

Market Wrap - Stock pick — Shoprite

Makwe Masilela from Makwe Fund Managers chose Shoprite as his stock pick of the day "Shoprite has increased their dividend by almost 39% and also said that they would be getting rid of their last two stores in Kenya. What is more important is that Shoprite has continued to gain…

8 Sep 2020 2AM 1 min

Market Wrap - Stock pick — AVI

Steven Schultz from Momentum chose AVI as his stock pick of the day." AVI is my pick and was on my radar for quite some time. It was up 8% on the day, it has a number of very strong brands including Five Roses and Bakers and everyone's stuck at…

7 Sep 2020 2AM 1 min

Market Wrap - Stock pick — Remgro

Waldo du Plessis from Nitrogen Fund Managers chose Remgro as his stock pick of the day. "I'm going with Remgro, it's a holding company. It is trading to one of its widest discounts ever to its underlying holdings. It is quite cheap for the long term."

3 Sep 2020 2AM 1 min

Market Wrap - Stock pick — Investec S&P Autocall

Viv Govender from Rand Swiss Offshore chose Investec S&P Autocall as his stock pick of the day. "Considering the uncertainty about the future I'm going for the Investec S&P Autocall. It starts on the 15th of September and it gives a guarantee on the performance given the flat market."

27 Aug 2020 2AM 1 min

Market Wrap - Stock pick — Medtronic

Robert Towell from Sasfin Securities chose Medtronic as his stock pick of the day. "I'm choosing Medtronic. It's a medical suppliers business overseas that do pacemakers, hip and knee replacements. They also do very high tech medical equipment and we saw that a lot of these companies dropped off quite…

26 Aug 2020 2AM 1 min

Market Wrap - Stock pick — Ninety-One

Graeme Franck from PSG Wealth Sandton Grayston chose Ninety-One as his stock pick of the day. "My stock is Ninety-One, the old Investec asset management business. It's trading on a price earnings multiple of about 14 times and the interesting thing is that roughly two thirds of the of the…

25 Aug 2020 2AM 1 min

Market Wrap - Stock picks — Tech Stocks

Mia Kruger from Kruger International and David Shapiro from Sasfin Securities both chose tech stocks as their stock picks for the day. Kruger said: "I'm very happy to hold my offshore tech stocks at this stage. I think despite the fact that they seem expensive, these companies are positioned exceptionally…

21 Aug 2020 2AM 1 min

Market Wrap - Stock pick — Apple

Nesan Nair from Sasfin Securities chose Apple as his stock pick of the day. "I'm going with Apple, they significantly hit the $2 trillion market cap and some analysts are calling it to 3 trillion so let's wait and see"

20 Aug 2020 2AM 1 min

Market Wrap - Stock pick — MTN

Andile Buthelezi from Sentio Capital chose MTN as his stock pick of the day. "I'm going for MTN, on a number of different matrix the stock is looking undervalued, especially compared to their peers like Vodacom. Yes they didn't pay an interim dividend but indications are that they will probably…

19 Aug 2020 2AM 1 min

Market Wrap - Stock pick — ASML

Caroline Cremen from Adviceworx chose ASML as her stock pick of the day "My stockpit is ASML, it's a Dutch company that has 85% of the market share in providing tools for making computer chips. They edge circuits onto semiconductors and it has a return an equity of 24% and…

18 Aug 2020 2AM 1 min

Market Wrap - Stock pick — BHP and MTN

David Shapiro from Sasfin Securities chose BHP as his stock pick of the day and Martin Smith from Anchor Capital chose MTN. Shapiro said: "I'm very happy to buy BHP because the iron-ore price is at $120 a ton. What's very interesting is that bulletin is up almost 30% this…

14 Aug 2020 2AM 2 min

Market Wrap - Stock pick — Naspers

Waldo du Plessis from Nitrogen Fund Managers chose Naspers as his stock pick of the day. "I'm going to go with Naspers, Tencent results were out this week which were a resounding beat on market expectations, but Tencent has this overhang of this executive order that Trump has signed in…

13 Aug 2020 2AM 1 min

Market Wrap - Stock pick — Distell

Makwe Masilela from Makwe Fund Managers chose Distell as his stock pick of the day. "I'm going for Distell, they managed to hold their own and for the year to date they managed to do 45%. They have a PE of almost 4 and a dividend yield of almost 6%,…

11 Aug 2020 2AM 1 min

Market Wrap - Stock picks — Facebook and Quilter

David Shapiro from Sasfin Securities chose Facebook as his stock pick of the day and market commentator Nolwandle Mthombeni chose Quilter. Shapiro said: "I like the company that we all like to hate, Mark Zuckerberg's wealth has now gone through 100 billion for a valid reason and I think in…

7 Aug 2020 2AM 1 min

Market Wrap - Stock pick — Investec Property Fund

Nesi Chetty from Stanlib chose Investec Property Fund as his stock pick of the day. "Investec Property Fund is one that we've liked for a while now and looking at the portfolio over time, they built up quite an exciting portfolio in SA, together with their expansive offshore footprint into…

5 Aug 2020 2AM 1 min

Market Wrap - Stock pick — Caterpillar

Kwame Antwi from KOA Capital chose Caterpillar Inc as his stock pick of the day. "Caterpillar is one of the companies that we've been looking at recently and is one of those companies that have suffered quite significantly. But, we think that it has got good cash on the balance…

4 Aug 2020 2AM 1 min

Market Wrap - Stock pick — MTN

Imtiaz Suliman from Sentio Capital chose MTN as his stock pick of the day. "I'm going to go with MTN, they're going to report their results on Thursday and they've come up to the trading update which is quite positive. I think for them to be scrapping the interim dividend…

3 Aug 2020 2AM 1 min

Market Wrap - Stock pick — Sibanye

Andile Buthelezi from Sentio Capital chose Sibanye Stillwater as his stock pick of the day. "I'm going for Sibanye Stillwater, it had a decent run since it bottomed back in March but in our view the current share price isn't quite pricing in the cash flows that this company stands…

30 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Diego

Graeme Franck from PSG Wealth Sandton Grayston chose Diego as his stock pick of the day. "I'm going for Diego, it's a top booze company internationally, it's trading on a PE of roughly 20 times. The high of the share price was 36 pounds and it's currently trading at about…

29 Jul 2020 2AM 1 min