Stock Watch
WATCH: Stock picks — Shoprite and Absa
Nick Crail from Ashburton Investments and Graeme Körner from Körner Perspective talk to Business Day TV
14 February 2020 - 09:33
Nick Crail from Ashburton Investments chose Shoprite as his stock pick of the day and Graeme Körner from Körner Perspective chose Absa.
Crail said: “Shoprite, yes, I think it comes down to the quality nature [of] the market share, the dominance of a particular company within a certain sector. I think if you have a look at SA Inc as a whole, the momentum is truly against SA Inc shares ... [so] while the sentiment remains as bearish and continues being bearish, you’re going to watch all of them take a bit of a beating.”..
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