Stock Watch - Stock picks — Sibanye-Stillwater and AB Inbev
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Nesan Nair from Sasfin Securities chose Sibanye-Stillwater as his stock pick of the day and Gerbrand Smit from N-e-F-G Fund Management chose AB Inbev.
Nair said: "I'm going to break the mould by going with Sibanye-Stillwater gold share, I don't think $3000 can run but I think $2500 is definitely a much more attainable target.
Smit said: "I'm going to go for more cyclical stock with AB Inbev. It is an offshore operation as well and it's been hammered on the earnings side. Pubs are closed, tourism is closed and people are not drinking, which is a bigger margin business for them. So, at the moment it looks expensive but I think in a longer term it's probably the cheapest most defensive counter out there. They have about 400 beer brands globally and we're all going to want to have a beer again in the pub with our mates one of these days."
Nair said: "I'm going to break the mould by going with Sibanye-Stillwater gold share, I don't think $3000 can run but I think $2500 is definitely a much more attainable target.
Smit said: "I'm going to go for more cyclical stock with AB Inbev. It is an offshore operation as well and it's been hammered on the earnings side. Pubs are closed, tourism is closed and people are not drinking, which is a bigger margin business for them. So, at the moment it looks expensive but I think in a longer term it's probably the cheapest most defensive counter out there. They have about 400 beer brands globally and we're all going to want to have a beer again in the pub with our mates one of these days."