Market Analysis
WATCH: Stock pick — Distell
Makwe Masilela from Makwe Fund Managers talks to Business Day TV about his stock pick of the day
19 May 2021 - 10:38
Makwe Masilela from Makwe Fund Managers (https://youtu.be/uWPQWHUc6SY) chose Distell as his stock pick of the day.
“For Heineken to buy Distell, it means that they’ve seen something. If you look at Distell’s PE [price-earnsing ratio] at almost 50, yes it’s high, but compare that to the beverages index, which is at a PE of 78. What was also impressive was their return on equity sitting at 22.”..
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