WATCH: Stock picks — BHP and MTN
David Shapiro from Sasfin Securities and Martin Smith from Anchor Capital talk to Business Day TV
Shapiro said: “I’m very happy to buy BHP because the iron-ore price is at $120 a tonne. What’s very interesting is that BHP Billiton is up almost 30% this year to date which is way above the overall index. It's a pretty solid number.”
Smith said: “MTN is a stock that I like, they came out with a solid set of numbers recently, obviously there was a little bit of disappointment around dividends and it remains to be seen what happens with a final dividend in the coming months.”
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