Market Wrap - Stock Pick — Philip Morris

--:--
Robert Towell from Sasfin Securities chose Philip Morris as his stock pick of the day.

"Definitely looking overseas at the moment. I think that with interest rates going down we'll see more flow into foreign assets again. You start to see the US market looking very good again so we're looking at dividend-paying companies, one can even go into some of your utilities and in some of the staples as well. We also like Philip Morris at these levels paying relatively decent dividends and starting to grow again from good cash flow."
19 Aug 2019 2AM English South Africa Business · Business News

Other recent episodes