WATCH: Stock picks — Microsoft and Distell
Nesan Nair from Sasfin Securities chose Microsoft as his stock pick of the day and Sekgabo Molelekoa from Umthombo Wealth chose Distell Group.
Nair said: “On their announcement of buying back $40bn worth of shares on Thursday, it had to be my stock pick — R40bn is 5% of the company, and one of the big drivers has actually been the cloud environment, so we see that growing even more and more.”
Molelekoa said: “I’m going with Distell, my thinking around it is that we are not seeing companies with real organic growth and these guys came through with organic, top-line growth and positive bottom-line growth.”
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