WATCH: Stock pick — Sasol
David Shapiro from Sasfin Securities has no stock pick and Wayne McCurrie from FNB Wealth and Investments chose Sasol.
McCurrie said: “I know Sasol is not the flavour of the month, but, even with all the bad news with Lake Charles and everything thrown in a pot, as long as the oil price doesn’t collapse, Sasol can make in two to three years’ time R50-R60 a share earnings. If you put that even at an incredibly low price-earnings ratio, there is quite a bit of upside from this.”
David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth and Investments talk to Business Day TV
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