WATCH: Stock picks — Heineken and Aspen
Jonathan Fisher from PSG Wealth Sandton and Nick Crail from Ashburton Investments talk to Business Day TV
Jonathan Fisher from PSG Wealth Sandton chose Heineken as his stock pick of the day and Nick Crail from Ashburton Investments chose Aspen Pharmacare.
Fisher said: “I choose Heineken, listed in Amsterdam, it has a price of €97 with a PE [price-earnings ratio] of 29 [times multiple] and dividend yield of 1.59%. Heineken has a market cap of €56bn. Historically the group benefited from top-line growth and margin expansion and they operate in 70 countries.”