Stock Watch
WATCH: Stock picks — Standard Bank and Humana
Gerbrand Smit from NEFG Fund Managers and Jean Pierre Verster from Protea Capital Management talk to Business Day TV
13 November 2019 - 09:19
Gerbrand Smit from NEFG Fund Managers chose Standard Bank as his stock pick of the day and Jean Pierre Verster from Protea Capital Management chose Humana.
Smit said: “Standard Bank is trading at about a 9-9.5% PE [price-earnings] multiple for the full year’s earnings, which is in the long term cheap for them, probably 20% undervalued.”..
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