Market Wrap - Stock pick — BAT
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Andile Buthelezi from Sentio Capital chose British American Tobacco as his stock pick of the day.
"I'm going for British American Tobacco, in the short term they do of course face the challenge of having cigarette sales banned in some of the countries that they're operating including, SA - but we do think it's a short-term challenge as cigarette sales bans will eventually be lifted. The weakness in the share price over the last few weeks has probably given an opportunity to buy into a stock like British American Tobacco."
"I'm going for British American Tobacco, in the short term they do of course face the challenge of having cigarette sales banned in some of the countries that they're operating including, SA - but we do think it's a short-term challenge as cigarette sales bans will eventually be lifted. The weakness in the share price over the last few weeks has probably given an opportunity to buy into a stock like British American Tobacco."
