Stock pick — Naspers
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Graeme Franck from PSG Wealth Sandton Grayston chose Naspers as his stock pick of the day.
"I'm just going to go with Naspers for the simple reason that TenCent has come down with 17% since it's February high on the back of possibly more Chinese regulations and that's always been a risk for uh for for TenCent and Naspers. TenCent is reporting on the 24th of March and we should get more information there in terms of what the Chinese regulator is going to do, but again, any share like that, that has fallen 17 percent literally in two to three weeks is worth taking another another good look at."
"I'm just going to go with Naspers for the simple reason that TenCent has come down with 17% since it's February high on the back of possibly more Chinese regulations and that's always been a risk for uh for for TenCent and Naspers. TenCent is reporting on the 24th of March and we should get more information there in terms of what the Chinese regulator is going to do, but again, any share like that, that has fallen 17 percent literally in two to three weeks is worth taking another another good look at."
