Market Wrap - Stock Pick - AECI Limited

Graeme Franck from PSG Wealth Sandton chose AECI Limited as his stock pick of the day, a lot of South African facing shares has come under pressure and AECI has not been immune to that and they are trading on a forward PE of 8.5 times and a dividend yield of 5 or 6%. We think it's offering good value and if you put the retailers and the banks aside, the leverage to the bottom line that you'll see from some of these industrial companies, if we get a bit of GDP uplift it could be quite pronounced.