Market Analysis
WATCH: Stock pick — Absa
Andile Buthelezi from Sentio Capital talks to Business Day TV about his stock pick of the day
08 November 2019 - 10:06
Andile Buthelezi from Sentio Capital chose Absa as his stock pick of the day.
“Absa, I’m going with Absa, the share price has done nothing on a year-to-date basis, it’s been down about 12% if you look at where they peaked in January. Generally, I think they are at the tail end of the separation from Barclays with just a few more boxes to tick off in the rest of Africa. That separation benefited them in a way because they're less constrained now, they can lend out a bit more, they can be a bit more competitive in terms of deposits.”..
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