Stock Watch- Stock Picks - AB Inbev and Softbank
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Wayne McCurrie from FNB Wealth & Investments chose Anheuser-Busch InBev SA NV (ANH) / R1090.00 (+4.52%) as his stock pick of the day sitting at multiple year low PEs, the world economy is not disappearing. They have challenges with taking over SAB breweries and massive debt but there is still good demand for their product and the share price actually look reasonably valued.
David Shapiro from Sasfin Securities chose Softbank (9984:TKSE) / ¥107.65 (+4.92%) as his stock pick of the day. A Nikkei listed company gives you a chance to invest in Eastern Asian Silicone Valley. It's trading at a big discount to its NAV and has some great investments like Uber, the Japanese "Yahoo" and they have announced a big buy back in the share which saw the share price going through the roof. This is a buffer type investment.
David Shapiro from Sasfin Securities chose Softbank (9984:TKSE) / ¥107.65 (+4.92%) as his stock pick of the day. A Nikkei listed company gives you a chance to invest in Eastern Asian Silicone Valley. It's trading at a big discount to its NAV and has some great investments like Uber, the Japanese "Yahoo" and they have announced a big buy back in the share which saw the share price going through the roof. This is a buffer type investment.