Market Wrap - Stock Pick - KAP Industrial Holdings
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Nick Kunze from Sanlam Private Wealth chose KAP Industrial Holdings Ltd (KAP) as his stock pick of the day.
“As a short term investment we like KAP Industrials, we waited for an overhang in the stock so now that Steinhof has been resolved and they sold a big chunk of it last week, we think the overhang is now gone. Another classic example as they managed to grow earnings per share 10%-12% year-on-year, bearing in mind we had a reseccion at the end of last quarter. A classic example of a local industrial stock that is doing the right thing, and still manage to grow their business in a tough environment."
“As a short term investment we like KAP Industrials, we waited for an overhang in the stock so now that Steinhof has been resolved and they sold a big chunk of it last week, we think the overhang is now gone. Another classic example as they managed to grow earnings per share 10%-12% year-on-year, bearing in mind we had a reseccion at the end of last quarter. A classic example of a local industrial stock that is doing the right thing, and still manage to grow their business in a tough environment."
