Market Wrap - Stock Pick — AB Inbev and Richemont
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Independent Analyst Liston Meintjes chose AB InBev and Richemont as his stock picks of the day.
I'm picking a stock that I have never picked before, I don't want something that depends on engergy or as such, it's still ifs and buts and maybe but I think that Richemont at R110 definately has the potential and middle classes are growing and there is high aspiration. Maybe you cannot afford a watch or choose a watch because you have a cellphone that does everythign but you might buy jewelry.
With AB Inbev, people will be drinking beer, and it has been through a tough time and they did have a bit of a debt problem witch they have now resolved by listing in Hong Kong.
I'm picking a stock that I have never picked before, I don't want something that depends on engergy or as such, it's still ifs and buts and maybe but I think that Richemont at R110 definately has the potential and middle classes are growing and there is high aspiration. Maybe you cannot afford a watch or choose a watch because you have a cellphone that does everythign but you might buy jewelry.
With AB Inbev, people will be drinking beer, and it has been through a tough time and they did have a bit of a debt problem witch they have now resolved by listing in Hong Kong.
