Stock Watch- Stock Picks - Toyota Motor Corp and AB Inbev
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Ricus Reeders from PSG Wealth chose Toyota Motor Corp as his stock pick of the day. Toyota can trade in the US as an ADR. looking at the current valuations their dividend is at around three percent and they have thirty six percent of the market as far as alternative vehicles are concerned.
Nick Kunze from Sanlam Private Wealth chose Anheuser-Busch InBev as his stock pick of the day. As were heading into a volatile period in the market side, the stock has been quite heavily sold off which is traditionally a "safe haven" play . It's starting to show its characteristics again and has bounced around R60 off its lows so far. There were some concerns over their balance sheet which they are addressing as they cut their dividend. From a risk aversion play this is looking quite interesting.
Nick Kunze from Sanlam Private Wealth chose Anheuser-Busch InBev as his stock pick of the day. As were heading into a volatile period in the market side, the stock has been quite heavily sold off which is traditionally a "safe haven" play . It's starting to show its characteristics again and has bounced around R60 off its lows so far. There were some concerns over their balance sheet which they are addressing as they cut their dividend. From a risk aversion play this is looking quite interesting.