Market Analysis
WATCH: Stock picks — Meituan and cash
David Shapiro from Sasfin Securities, and Makwe Masilela from Makwe Fund Managers talk to Business Day TV
David Shapiro, from Sasfin Securities, (https://youtu.be/1-cRamjaNxU) chose Meituan as his stock pick of the day and Makwe Masilela, from Makwe Fund Managers, (https://youtu.be/1-cRamjaNxU) chose cash.
Shapiro said: “I picked up Meituan, which is a very big food delivery company and service delivery company in China and I was going through their results looking at their numbers — I mean, they have 560-million people who order, they operate in two Chinese cities delivering food, doing bookings and helping lifestyle etc. I think you can’t ignore the sheer size of china the size of the economy and the size of the consumers there.”..
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