WATCH: Stock picks — AB InBev and Moody’s
Ricus Reeders from PSG Wealth Sandton and Jean Pierre Verster from Protea Capital Management talk to Business Day TV
Ricus Reeders from PSG Wealth Sandton chose AB InBev as his stock pick of the day and Jean Pierre Verster from Protea Capital Management chose Moody’s.
Reeders said: “Anheuser-Busch InBev is a company that took on a lot of debt and as a result it didn’t actually work out for it that well and the prices dropped considerably. But with the last set of results that debt situation, which they are servicing and can service, might actually work in their favour.”..