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Amongst all the Budget news, Nick Kunze from Sanlam Private Wealth chose Anheuser-Busch InBev as his stock pick of the day. It is nicely positioned with the weaker rand where it is at the moment and recovering emerging markets will allow AB InBev to fare well.
Graeme Franck from PSG Wealth Sandton chose Rand Merchant Inv Hldgs Ltd as his stock pick of the day, the shares are down 27% over the last 12 months trading on a PE of around 11 times and this is a theme that we are seeing in many SA Inc. type stocks. Cheap for a reason, concerns with the budget on the 20th and in terms of GDP growth but certainly a well managed company.
Caroline Cremen from Adviceworx chose CASH as her stock pick of the day. Until the Budget speech on Wednesday 20 Feb 2019 when Finance Minister Tito Mboweni takes to the podium to deliver his budget address for this year. Choosing CASH is the safest place to be as the budget simply cannot surprise us on the upside.
e Burgess from Nedbank Private Wealth chose Sasol Limited as his stock pick of the day, with the delays of the Louisiana project there certainly are some risks as well as the lower oil price and potentially stronger rand that could play on that but it's a stock that if you compare it to its global peers in oil and chemical business, Sasol is certainly trading below its peers. It might take a while for that multiple to rerate but should not be before the Lake Charles Louisiana project comes online properly.
Viv Govender from Randswiss Offshore chose Morgan Stanley Euro Protector and what it does is give you 112% of your initial money is US Dollars after six years as well as 200% the average price of the index over that time so over the last six years you would have received a 45% return and the index only did about 10.5
Nesan Nair from Sasfin Securities chose British American Tobacco as his stock pick of the day, one of the rand/hedges. Right now you want to stay defensive and it is very difficult to pick South African counters right now. Retailers is one to stay away from, the Banks look cheap but they are most probably going to be hit harder and it depends on what the Budget comes up with. But for the time being stay Rand hedged.
Devin Schutte from The Robert Group chose Discovery Ltd one that he has chosen previously, Discovery is a very placed company at the moment. We are all aware of their shared value model, healthcare, life insurance and the short term insurance. The launch of the bank happens next month and it’s exciting to see them unpack that share value model in financial services and disrupt that space. They are very effectively franchising the vitality model into Asia, the UK and the US and not only earning franchise fees but part of the actuarial profit.
Imtiaz Suliman from Sentio Capital chose Apple Inc. as his stock pick of the day, as his stock pick of the day, it has come of recently as concerns with trade wars and a slowdown in China has taken hold but if you look at Apple, the services revenue is growing much faster and is at a higher margin. They have a $130bn excess cash which they can either use to do more share buy backs or pay out in dividends. So as we see iPhone sales taper off we will see more revenue or contribution coming from wearables which is your iWatches and the services revenue which is increasing more and more towards the profits so for that reason Apple looks very attractive on a fourteen times PE
Liston Meintjes from Nvest Securities chose Impala Platinum Hlgs Ltd. One of the top performers today. Suddenly things have changed for the platinum industry and many people are only seeing it now. They operating on something that they call a basket which includes palladium which is now the biggest and the basket price is record highs.
Rowan Williams from Nitrogen Fund Managers chose Rand Merchant Inv Hldgs Ltd (RMI) as they will be going through a reporting cycle now. Discovery, MMI, Outsurance and Hastings are their key assets and feel that the stock has been a little bit oversold. There is still some good growth in their markets and are hoping for a decent set of numbers and a bit of a rerating there.
Robert Towell from Sasfin Securities chose JSE Banks Index as his stock pick of the day, the SA banks are not overly expensive and had a very good run the last few weeks . If we have a good positive SONA you could still look at the SA banks for your portfolio.
As we're heading for a very tough period and likely to have another US shut down in a couple of weeks time. Very low growth and issues with trade wars with China and there are talk about Venezuela and how their situation will affect the oil price. To stay on the safe side and have some protection, Viv Govender chose Morgan Stanley Note as his stock pick of the day. It offers you 100% capital protection and offers 12% for 6 years in US Dollars. It also gives you two times the Euro Stocks 50 upside.
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