Stock Watch
WATCH: Stock picks — SA Inc, FirstRand and Telkom
Wayne McCurrie from FNB Wealth & Investments and Gary Booysen from Rand Swiss talk to Business Day TV
09 April 2020 - 09:35
Wayne McCurrie from FNB Wealth & Investments chose SA Inc stocks and FirstRand as his stock picks for the day and Gary Booysen from Rand Swiss chose Citibank and Telkom
McCurrie said: "I think SA Inc shares are incredibly cheap and the banks are trading at abnormally low discounts, so I would suggest to pick a bank like FirstRand, because I think it is cheap. We also spoke about properties: dividends will return, they will come back to some form of normality, so in three years' time you can be getting an 18% yield on your property shares if you buy them now...
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