Stock Watch
WATCH: Stock picks — Bookings and LVMH
Drikus Combrinck from Capicraft and Nesan Nair from Sasfin Securities talk to Business Day TV
08 November 2019 - 10:18
Drikus Combrinck from Capicraft chose Booking Holdings as his stock pick of the day and Nesan Nair from Sasfin Securities chose LVMH.
Combrinck said: “A company called Booking Holdings, they’re down 8% because Expedia came out with the results. Expedia is priced at about a 40 price-to-earnings ratio. It came out with low double-digit revenue growth, which is a lot but it’s a lot less than expected. Bookings is trading at sub-20 price-to-earnings [ratio].”..
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