WATCH: Stock picks — Truworths and luxury goods

Alex Duys from Umthombo Wealth chose Truworths as his stock pick of the day and David Shapiro from Sasfin Securities chose the luxury goods sector.

Duys said: “I see Truworths as a typical old-fashioned value investment type of a case, yes, we all know the growth margins were bad and the buyer is under pressure. The positives, Truworths generate huge amounts of cash and I think their dividend is certainly sustainable.”..

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