Stock Watch
WATCH: Stock Picks — Public Storage and Prosus
Nesan Nair from Sasfin Securities chose Public Storage, and Deryck Janse van Rensburg from Anchor Securities chose Prosus
Nesan Nair from Sasfin Securities chose Public Storage as his stock pick of the day, and Deryck Janse van Rensburg from Anchor Securities chose Prosus
Nair said: "It's a public storage company, and it plays to the theme of people living in smaller units [who have] to pack their winter stuff away for summer and vice versa. It seems to me that as we move into more and more urbanisation, population grows especially around cities and that companies like this that offer you the ability not to throw your stuff away but to store them for when you need them, is going to become more and more popular, so it's one of the ones we like."..
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