Stock Watch - Stock picks — American Banks and Cashbuild
Loading player...
David Shapiro from Sasfin Securities chose American Banks as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments chose Cashbuild.
Shapiro said: "I like American Banks, and I've avoided them for a long time but I think as things pick up now, especially with interest rates going up, margins are going to increase. As we get into the northern hemisphere summer I think you're going to see more spending and I think they've also over provided. They are buying back their shares and they're going to declare dividends, so I think there's an opportunity in there."
McCurrie said: "Good old-fashioned South African company, Cashbuild. They had extraordinary good results, all the people are staying at home and fixing that door that's broken or the window that squeaky and I don't think this is going to stop because you're not rushing back into the office next week."
Shapiro said: "I like American Banks, and I've avoided them for a long time but I think as things pick up now, especially with interest rates going up, margins are going to increase. As we get into the northern hemisphere summer I think you're going to see more spending and I think they've also over provided. They are buying back their shares and they're going to declare dividends, so I think there's an opportunity in there."
McCurrie said: "Good old-fashioned South African company, Cashbuild. They had extraordinary good results, all the people are staying at home and fixing that door that's broken or the window that squeaky and I don't think this is going to stop because you're not rushing back into the office next week."
