Market Wrap - Stock Pick — SA inc. stocks
--:--
Graeme Franck from PSG Wealth Sandton chose SA inc. stocks as his stock pick of the day.
"So I'm going to stick with the theme of the Sa inc. stocks. As I said Standard Bank is looking very good and then some of the industrial shares as well - again, slightly higher risk in the past we've spoken about Supergroup with a PE of 7, CMH has a PE of 6, any company that's trading on a PE of 6, the market is expecting to earnings to drop, and I did. They held their earnings, that held the dividend yield 8,5%. So all I'm saying is, any amount of good news on that front and these type of shares like the banks and the industrial shares should do very very well."
"So I'm going to stick with the theme of the Sa inc. stocks. As I said Standard Bank is looking very good and then some of the industrial shares as well - again, slightly higher risk in the past we've spoken about Supergroup with a PE of 7, CMH has a PE of 6, any company that's trading on a PE of 6, the market is expecting to earnings to drop, and I did. They held their earnings, that held the dividend yield 8,5%. So all I'm saying is, any amount of good news on that front and these type of shares like the banks and the industrial shares should do very very well."
