Stock picks — Equinix Inc and Shoprite
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Gary Booysen from Rand Swiss chose Equinix Inc as his stock pick of the day and Ricus Reeders from PSG Wealth Sandton chose Shoprite.
Booysen said: "I've been watching Equinix for a long time and it just hasn't given us an opportunity to get into it. It's been very very robust although we've had a little bit of a wobble on their latest results we looked into it the results are very solid. Their revenue grows between 10 and 11 % in dollar terms every year."
Reeders said: "I'm sticking with local and going for Shoprite. It is the first time in probably four and a half years that I'm actually looking at the company. Talking about change in growth or income prospects and they're getting out of Nigeria, they're still a very dominant player in Africa, they're gaining market share in South Africa and if we have a resource rally or at least a buoyant resource market that remains it is going to be good for Africa and the consumer. It will also allow Shoprite to pay buy off their debt far quicker than I would imagine."
Booysen said: "I've been watching Equinix for a long time and it just hasn't given us an opportunity to get into it. It's been very very robust although we've had a little bit of a wobble on their latest results we looked into it the results are very solid. Their revenue grows between 10 and 11 % in dollar terms every year."
Reeders said: "I'm sticking with local and going for Shoprite. It is the first time in probably four and a half years that I'm actually looking at the company. Talking about change in growth or income prospects and they're getting out of Nigeria, they're still a very dominant player in Africa, they're gaining market share in South Africa and if we have a resource rally or at least a buoyant resource market that remains it is going to be good for Africa and the consumer. It will also allow Shoprite to pay buy off their debt far quicker than I would imagine."
