Stock Watch - Stock Picks — Mondi and Naspers
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Wayne McCurrie from FNB Wealth & Investments chose Mondi as his stock pick of the day and David Shapiro from Sasfin Securities chose Naspers
McCurrie said: "MondiThey put up the long-term share price and this is a quality company, it's proven itself time and time again to actually be a good well-run business. The future looks actually very good for them with all this online speciality packaging, anti plastic, anti straws which is very much placed into their field and yet the share price has done nothing since 2015. PE doesn't look bad, it looks reasonable."
Shapiro said: :"I'm going for Naspers, it's ahead of the Prosus launch and there's a chance this thing could work well. I think the fact that they relocating the operations or the expansion operations to Amsterdam as a core or center there, they've done well. We've tended to ignore a lot of the other businesses but if they start to build on them you know we might get that value unlock for the first time. Tencent is great I love Tencent I love what they're doing but I think for the first time we might find other areas that are all going to contribute to the bottom line.
McCurrie said: "MondiThey put up the long-term share price and this is a quality company, it's proven itself time and time again to actually be a good well-run business. The future looks actually very good for them with all this online speciality packaging, anti plastic, anti straws which is very much placed into their field and yet the share price has done nothing since 2015. PE doesn't look bad, it looks reasonable."
Shapiro said: :"I'm going for Naspers, it's ahead of the Prosus launch and there's a chance this thing could work well. I think the fact that they relocating the operations or the expansion operations to Amsterdam as a core or center there, they've done well. We've tended to ignore a lot of the other businesses but if they start to build on them you know we might get that value unlock for the first time. Tencent is great I love Tencent I love what they're doing but I think for the first time we might find other areas that are all going to contribute to the bottom line.