Stock Watch
WATCH: Stock picks — BAT and Alibaba
Alex Duys from Umthombo Wealth and Gary Booysen from Rand Swiss talk to Business Day TV
29 January 2021 - 08:11
Alex Duys from Umthombo Wealth (https://youtu.be/Mbo_7jHrrKQ)chose British American Tobacco (BAT) as his stock pick of the day and Gary Booysen from Rand Swiss (https://youtu.be/Mbo_7jHrrKQ) chose Alibaba.
Duys said: “My pick is British American Tobacco, I think we’re in a world where interest rates are low and valuations are quite expensive. BAT is a business that is yielding 7.7% in pound sterling terms. It’s most likely going to grow in stock lines with margin expansion which means you’re going to get growth in earnings.”..
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