WATCH: Stock Pick — AB InBev and Richemont
Independent Analyst Liston Meintjes chose AB InBev and Richemont as his stock picks of the day
Independent analyst Liston Meintjes chose AB InBev and Richemont as his stock picks of the day.
“I'm picking a stock that I have never picked before; I don't want something that depends on energy or as such. It's still ifs and buts and maybe but I think that Richemont at R110 definitely has the potential and middle classes are growing and there is high aspiration. Maybe you cannot afford a watch or choose a watch because you have a cellphone that does everything, but you might buy jewelry.
“With AB Inbev, people will be drinking beer, and it has been through a tough time and they did have a bit of a debt problem, which they have now resolved by listing in Hong Kong.”
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