WATCH: Stock pick — Absa
Andile Buthelezi from Sentio Capital talks to Business Day TV about his stock pick of the day
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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