Stock Watch
WATCH: Stock picks — Mondi and TFG
Nesan Nair from Sasfin Securities and Siboniso Nxumalo from Old Mutual Wealth talk to Business Day TV
Nesan Nair from Sasfin Securities (https://youtu.be/ruFB5gCtGw8) chose Mondi as his stock pick of the day, and Siboniso Nxumalo from Old Mutual Wealth (https://youtu.be/ruFB5gCtGw8) chose The Foschini Group.
Nair said: “I’m going for Mondi, the share price has been so strong recently, even with a stronger rand. If you have a look at it post the big Covid-19 sell-off that we saw in March, Mondi has actually been one of the strongest sustainable shares. There’s a lot of underlying value there, on a fundamental basis you can make a good argument for that container board business that they have so it’s going to be my stock for tonight.”..
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