Stock Watch
WATCH: Stock picks — Absa and Shoprite
Gerbrand Smit from N-e-F-G Fund Managers and Chantal Marx from FNB Wealth & Investments talk to Business Day TV
14 May 2021 - 09:30
Gerbrand Smit from N-e-F-G Fund Managers (https://youtu.be/mBIcW2XTdTE)chose Absa as his stock pick of the day and Chantal Marx from FNB Wealth & Investments (https://youtu.be/mBIcW2XTdTE) chose Shoprite
Smit said: “Absa came out with their trading statement again today, I think at around R9.30 for the six months. It’s close to R19 full year, it’s a 6.3 PE [price-earnings] multiple, so the impairments were made too much like we thought it would be. I just think those banks are going to be less affected than people expected.”..
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