Stock Watch
WATCH: Stock Picks — Naspers and Diageo
Jonathan Fisher from PSG Wealth Sandton and Nesan Nair from Sasfin Securities discuss their stock picks with Business Day TV
09 July 2019 - 11:23
Jonathan Fisher from PSG Wealth Sandton chose Naspers as his stock pick of the day and Nesan Nair from Sasfin Securities chose Diageo.
Fisher said: "I'm going for the big elephant in the room with a market cap of around R1.5-trillion: Naspers. They came out with numbers not too long ago and they grew their headline earnings per share by around 20%. They are on a price-earnings ratio of 29 times, so it's just staying on the treadmill keeping up with the earnings. I do believe and our ‘house view’ is that this new listing in Amsterdam is going to unlock value for the company for share holders.”..
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