Wayne McCurrie from FNB Wealth & Investments and David Shapiro from Sasfin Securities talk to Business Day TV
08 July 2021 - 08:54
byBusiness Day TV
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McCurrie said: “I’m going back to the good old favourites, they’ve come under a bit of pressure recently but are up again today. Go for the SA banks, the increase in earnings that they’re going to show this year is going to be astonishing, because they’re way over provided for bad debts and you’re going to see a very high growth in the dividend payouts as well. So go for an SA bank.”
Shapiro said: “I was looking for a British listed beer company you know, the equivalent of AB InBev or Heineken, but I couldn’t find it, so my proxy is Diageo. The only reason is I think that England are going to win the Euro [the UEFA European Football Championship], the Brits are going to drink themselves into a stupor.”
Wayne McCurrie from from FNB Wealth & Investments and David Shapiro from Sasfin Securities talk to Business Day TV
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Stock Watch
WATCH: Stock picks — SA banks and Diageo
Wayne McCurrie from FNB Wealth & Investments and David Shapiro from Sasfin Securities talk to Business Day TV
Wayne McCurrie from FNB Wealth & Investments chose SA banks as his stock pick of the day and David Shapiro from Sasfin Securities chose Diageo.
McCurrie said: “I’m going back to the good old favourites, they’ve come under a bit of pressure recently but are up again today. Go for the SA banks, the increase in earnings that they’re going to show this year is going to be astonishing, because they’re way over provided for bad debts and you’re going to see a very high growth in the dividend payouts as well. So go for an SA bank.”
Shapiro said: “I was looking for a British listed beer company you know, the equivalent of AB InBev or Heineken, but I couldn’t find it, so my proxy is Diageo. The only reason is I think that England are going to win the Euro [the UEFA European Football Championship], the Brits are going to drink themselves into a stupor.”
Wayne McCurrie from from FNB Wealth & Investments and David Shapiro from Sasfin Securities talk to Business Day TV
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