WATCH: Stock picks — ARI and Heineken
Mark du Toit from Oyster Catcher Investment and Ricus Reeders from PSG Wealth talk to Business Day TV
Mark du Toit from Oyster Catcher Investment chose ARI as his stock pick of the day and Ricus Reeders from PSG Wealth chose Heineken.
Du Toit said: “So, I’m going for African Rainbow Minerals (ARM), Patrice Motsepe’s business. Largely because they own two platinum and palladium mines in SA, which I think has been largely overlooked by the market.”
Reeders said: “Considering that we’ve had a nice run in our local market mainly led by the platinum counters and we’ve also had quite a run in overseas markets, specifically in the Americas, I’m going a little bit more defensive with Heineken.”