Stock picks — Samsung and LG
--:--
Wayne McCurrie from FNB Wealth & Investments chose Samsung as his stock pick of the day and David Shapiro from Sasfin Securities chose LG.
McCurrie said: "I'm going for Samsung, their earnings were up 48%, the revenue was up 17% and it's a theme that I've been on for awhile now, during lockdown people are buying pcs and new fridges and new household appliances because they're spending so much time at home so I mean the Samsung results were spectacular and the the price to earnings ratio seems very reasonable for this type of results."
Shapiro said: "I'll go for LG and LG Chem is actually a battery company which I'll take a punt on now. I just think together with CATL, I think it's CATL which is the Chinese business I think this is one we can get and I'm very interested in finding battery power."
McCurrie said: "I'm going for Samsung, their earnings were up 48%, the revenue was up 17% and it's a theme that I've been on for awhile now, during lockdown people are buying pcs and new fridges and new household appliances because they're spending so much time at home so I mean the Samsung results were spectacular and the the price to earnings ratio seems very reasonable for this type of results."
Shapiro said: "I'll go for LG and LG Chem is actually a battery company which I'll take a punt on now. I just think together with CATL, I think it's CATL which is the Chinese business I think this is one we can get and I'm very interested in finding battery power."