Market Wrap

Market Wrap - Stock Pick — Sasol

Nesan Nair from Sasfin Securities chose Sasol as his stock pick of the day. "It is very hard to pick a stock right now but I am going to go for Sasol because I think there is probably going to be some bad news. There is sufficient margin of safety…

14 Aug 2019 2AM 7 min

Market Wrap - Metair delivers 21% rise in first-half HEPS

Real volume growth and higher value component opportunities has helped automotive parts maker, Metair shrug off tough economic challenges during the interim period - as a result, the company's reported a 19% rise in revenue, a 21% jump in earnings growth while the interim dividend grew by 25%. Metair CEO,…

14 Aug 2019 2AM 8 min

Market Wrap - Stock Pick — Fortress

Steven Schultz from Momentum chose Fortress REIT Ltd B as his stock pick of the day. "I'm going to bet on South Africa as an economy and by extension, a listed property called Fortress. It obviously operates in a severely depressed economy, which has taken its toll on the share…

13 Aug 2019 2AM 8 min

Market Wrap - Stock Pick — cash

Caroline Cremen from Adviceworx chose cash as her stock pick of the day. "Cash, locally and offshore. The moment at the moment is not in your favour for an uptick. The Chinese, US meeting is only happening in September - that is a quite a long time for a lot…

12 Aug 2019 2AM 8 min

Market Wrap - MTN's domestic business hurt by Cell C write-off of R211M

Despite MTN facing headwinds in Nigeria, continued growth in the region has helped cushion the company from slowing growth in its domestic market where earnings were hit by a Cell-C write down and the loss of close to 2 million subscribers. Overall, adjusted headline earnings grew 12% and a dividend…

8 Aug 2019 2AM 6 min

Market Wrap - Stock Pick - stop loss on oil

Viv Govender from Rand Swiss Offshore is taking a stop loss on oil as his stock pick of the day. "I'm cutting my bet on oil, I was betting on oil because of the protection on the downside and a huge long term upside if something happens with the middle…

7 Aug 2019 2AM 7 min

Market Wrap - Stock Pick — Stor-Age

Grant Gilburt from Nedbank Private Wealth chose Stor-Age Prop REIT Ltd as his stock pick of the day. "My pick is Stor-Age, it's a very niche fund avoiding all commercial property that is to focused on office space or retail space. Stor-Age as the name suggests is a storage player…

6 Aug 2019 2AM 10 min

Market Wrap - Stock Pick — Microsoft

Caroline Cremen from Adviceworx chose Microsoft as her stock pick of the day "I'm going to Microsoft as one really needs to use volatility like this. Microsoft is a tech stock but it is also a blue chip. It's got great cash flows, great management, it is not over geared…

5 Aug 2019 2AM 7 min

Market Wrap - Stock Pick — Rodium

Sam Mokorosi from Vunani Capital chose a Rhodium ETF as his stock pick of the day."We like Rodium, they have been running for a few years now and we think it still has some steam to go. It is complimentary to platinum and can displace platinum in terms of the…

2 Aug 2019 2AM 7 min

Market Wrap - Stock Pick — offshore

Robert Towell from Sasfin Securities suggest to look offshore as a stock option for the day. "I think that South Africa is a very difficult place to invest in at the moment and although the rand has blown out, I think you can look offshore. There is growth in Amazon,…

1 Aug 2019 2AM 8 min

Market Wrap - Stock Pick — Apple

Nesan Nair from Sasfin Securities chose Apple Inc. as his stock pick of the day. "I'm going with Apple, there was a lot of concern about this company about iPhone sales and things but, I think the market is beginning to now appreciate the fact that it's got multiple levers…

31 Jul 2019 2AM 7 min

Market Wrap - Stock Pick — Old Mutual

Waldo Du Plesssis from Nitrogen Fund Managers chose Old Mutual as his stock pick of the day. "I'm going to go with Old Mutual, I think it's still a quality business, I mean the stock is down around 17% from the announcement that Peter Moya was being investigated. I think…

30 Jul 2019 2AM 6 min

Market Wrap - Stock Pick — oil

Viv Govender from Rand Swiss Offshore chose to go long oil as his stock option for the day. "I'm still maintaining the oil long as my stock pick, I do think that it is one of the things out there at the moment that has a very small downside but…

29 Jul 2019 2AM 7 min

Market Wrap - Stock Pick — Amazon

Martin Smith from Anchor Capital chose Amazon as his stock pick of the day. "My pick tonight is Amazon, they recently came out with weak second quarter numbers and it's a good opportunity to buy into some of that weakness."

26 Jul 2019 3AM 7 min

Market Wrap - Stock Pick — Expedia

Craig Pheiffer from Absa Stockbrokers and Portfolio Management chose Expedia as his stock pick of the day "It's an offshore company called Expedia, most people know it, they know the likes of it like booking.com. So these are online travel, reservation, shopping, retail businesses and I think Expedia's done extremely…

25 Jul 2019 2AM 7 min

Market Wrap - Stock Pick — Reinet and Sygnia

Bruce Main from Ivy Asset Management chose Reinet and Sygnia as his stock pick of the dayI have chosen Reinet previously and ultimately some of the rump in the asset pool will be listed on the London stock exchange and some value will be released. Locally I am going for…

24 Jul 2019 2AM 8 min

Market Wrap - Stock Pick — Northam Platinum

Independent Analyst, Liston Meintjes chose Northam Platinum as his stock pick of the day. "My pick today is Northam Platinum, now the interesting thing was the story of Implats on Tuesday with their results looking good and Royal Bafokeng saying that they are going to come out with a loss…

23 Jul 2019 2AM 8 min

Market Wrap - Stock Pick — Naspers

Imtiaz Suliman from Sentio Capital chose Naspers as his stock pick of the day I choose Nasper, also one that is going to come under corporate action with their listing of Prosus in Amsterdam. I think that is going to create some value unlock which it is a liquidity event…

22 Jul 2019 2AM 8 min

Market Wrap - Stock Pick — Sasol

I'm joining the group that is looking at this from a contrarian point of view. "I like Sasol, I know it has been under a lot of pressure because they are not able to stick to their budgets in the Lake Charles project. But on a project like that the…

19 Jul 2019 1AM 9 min

Market Wrap - Stock Pick — Mr Price Group

Steven Schultz from Momentum chose Mr Price Group Ltd as his stock pick of the day "So I think sometimes it does pay to swim with the current, and by that measure I'm looking at Mr Price. This retailer has also been hard hit over the past year, it is…

18 Jul 2019 2AM 8 min