Nick Kunze from Sanlam Private Wealth chose KAP Industrial Holdings as his stock pick of the day. “As a short-term investment we like KAP Industrials, we waited for an overhang in the stock, so now that Steinhoff has been resolved and they sold a big chunk of it last week, we think the overhang is gone. “Another classic example as they managed to grow earnings per share 10%-12% year on year, bearing in mind we had a recession at the end of last quarter. A classic example of a local industrial stock that is doing the right thing, and still managing to grow their business in a tough environment.”
Or listen to the full audio:..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.