Market Analysis
WATCH: Stock pick — Shoprite
Makwe Masilela from Makwe Fund Managers talks to Business Day TV about as his stock pick of the day
09 September 2020 - 11:01
Makwe Masilela from Makwe Fund Managers (https://youtu.be/xwdn9BLvEMI) chose Shoprite as his stock pick of the day.
“Shoprite has increased their dividend by almost 39% and also said that they would be getting rid of their last two stores in Kenya. What is more important is that Shoprite has continued to gain market share and also they are repositioning into the higher LSM and it is not surprising to see the stock up almost 10% on the day.”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.