WATCH: Stock picks — Super Group and Vukile Property Fund
Ashraf Mohamed from Arqaam Capital chose Super Group as his stock pick of the day and Mark du Toit from Courtney Capital Private Wealth chose Vukile Property Fund.
Mohamed said: “My stock pick is Super Group, we have discussed the SA economy, we know how weak it is, we know how vehicle sales have been under pressure. However, I think we are coming to the bottom of that cycle in SA. The Australian business will remain under pressure on the motor vehicle sales side, on the logistics side there has been some margin compression but things are starting to pick up, especially in Africa.”
Du Toit said: “Sticking with the theme of quality stocks at the right price, we like Vukile, we think their management team is particularly strong. We know [Vukile CEO] Laurence Rapp and he is one of the smart, reliable and honest people and they have done a very good job at building up a very nice property portfolio. Roughly 50% in SA and 50% offshore — mainly in Spain.”
Ashraf Mohamed from Arqaam Capital and Mark du Toit from Courtney Capital Private Wealth talk to Business Day TV
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