Market Wrap - Stock pick — BidCorp
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Imtiaz Suliman from Sentio Capital chose BidCorp as his stock pick of the day.
"I'm going with BidCorp, you know they're a food service company and a large part of their operations are based in New Zealand, Australia and China and these countries have weathered the covid crisis quite significantly. This will provide some impetus for a better earnings outlook and the other big region is Europe and UK. I think as we get through this vaccine roll out period and those economies start picking up into their summer which is May, June and July the food industry will opens up and BidCorp will be a beneficiary of their spending
"I'm going with BidCorp, you know they're a food service company and a large part of their operations are based in New Zealand, Australia and China and these countries have weathered the covid crisis quite significantly. This will provide some impetus for a better earnings outlook and the other big region is Europe and UK. I think as we get through this vaccine roll out period and those economies start picking up into their summer which is May, June and July the food industry will opens up and BidCorp will be a beneficiary of their spending
