Market Wrap - Stock Picks — Standard Bank and Roche
--:--
Graeme Franck from PSG Wealth Sandton, Grayston chose Standard Bank Group and Roche as his stock picks of the day
"I'm going to one on each side - one local and one international, on the local side we really like Roche, it's the biggest oncology i.e. cancer pharmaceutical player in the world, they're not cheap as it's on a PE of around 20 but the dividend yield of 3%, but a super, super high quality company. And on the local side we still like the banks and in particular Standard Bank. If we get any kind of political goodwill, any kind of uptick from these very low valuations like Eskom and all of these various things, the banks are going to be pretty strong beneficiaries of that. Standard Bank is on a PE of 10, dividend yield of 5% or 6%, so the numbers seem to be stacking up"
"I'm going to one on each side - one local and one international, on the local side we really like Roche, it's the biggest oncology i.e. cancer pharmaceutical player in the world, they're not cheap as it's on a PE of around 20 but the dividend yield of 3%, but a super, super high quality company. And on the local side we still like the banks and in particular Standard Bank. If we get any kind of political goodwill, any kind of uptick from these very low valuations like Eskom and all of these various things, the banks are going to be pretty strong beneficiaries of that. Standard Bank is on a PE of 10, dividend yield of 5% or 6%, so the numbers seem to be stacking up"
