Market Wrap - Stock pick — Naspers
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Waldo du Plessis from Nitrogen Fund Managers chose Naspers as his stock pick of the day.
"I'm going to go long into the future here and it's has been the best performer on the JSE this year and it's Naspers. I'm going with Naspers because of its discounted to Tencent or to Turkey, the online gaming business has done phenomenally well for South African investors that have owned Naspers but at a 50% discount offers a buffer for the long term investor."
"I'm going to go long into the future here and it's has been the best performer on the JSE this year and it's Naspers. I'm going with Naspers because of its discounted to Tencent or to Turkey, the online gaming business has done phenomenally well for South African investors that have owned Naspers but at a 50% discount offers a buffer for the long term investor."
