Stock Watch - Stock picks — Bidcorp and HSBC
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Chantal Marx from FNB Wealth & Investments chose Bidcorp as her stock pick of the day and Graeme Körner from Körner Perspective chose HSBC.
Marx said: "My stock pick is BidCorp, it's a big food services company which was spun out of Bidvest a few years ago. I think that with the normalisation of economic activity and a return to mobility, people going to bars, restaurants and hotels, BidCorp could be a key beneficiary there. They drive those big cold chain trucks that deliver fresh ingredients to restaurants and hotels and I think that they are going to win when everyone starts going out again."
Körner said: "I'm going with HSBC, the BOE warning of interest rates, you'd say, why are you running into this burning building but the reality is the banks have been been battling with with very low net interest margins for some time and our hypothesis is it's still fundamentally a good business"
Marx said: "My stock pick is BidCorp, it's a big food services company which was spun out of Bidvest a few years ago. I think that with the normalisation of economic activity and a return to mobility, people going to bars, restaurants and hotels, BidCorp could be a key beneficiary there. They drive those big cold chain trucks that deliver fresh ingredients to restaurants and hotels and I think that they are going to win when everyone starts going out again."
Körner said: "I'm going with HSBC, the BOE warning of interest rates, you'd say, why are you running into this burning building but the reality is the banks have been been battling with with very low net interest margins for some time and our hypothesis is it's still fundamentally a good business"