WATCH: Stock picks — Growthpoint and Prologis
Wayne McCurrie from FNB Wealth & Investments and Nesan Nair from Sasfin Securities talk to Business Day TV
Wayne McCurrie from FNB Wealth & Investments chose Growthpoint as his stock pick of the day and Nesan Nair from Sasfin Securities chose Prologis.
McCurrie said: “SA listed property shares haven’t traded at these levels in a long time and you are getting a good yield. Hopefully, if the SA economy improves and they can get a bit of rental growth where the rand/m2 grows.”
Nair said: “I’m going for Progolis, an American property company that is logistically focused. It’s a big growth area now with logistics in terms of online and these guys are the world leaders in providing the logistics real estate.”
Or listen to the full audio: