Market Wrap - Stock pick — Sibanye
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Craig Pheiffer from Absa Stockbrokers & Portfolio Management chose Sibanye-Stillwater as his stock pick of the day.
Sibanye is my stock pic of the day. It's more of a platinum play and I guess you can look at the palladium and the rhodium hat has been in deficit and probably still will be. You could have some concerns that maybe global slowdown would see a lower demand for those metals but you still need them in emission systems and the like. I think if you're looking at a medium to longer term picture, I think that aspect of the company will do well and then you've got the gold element which should hopefully tide you over in these tough times where everyone's slashing interest rates and there's a bit of pandemonium in the streets
Sibanye is my stock pic of the day. It's more of a platinum play and I guess you can look at the palladium and the rhodium hat has been in deficit and probably still will be. You could have some concerns that maybe global slowdown would see a lower demand for those metals but you still need them in emission systems and the like. I think if you're looking at a medium to longer term picture, I think that aspect of the company will do well and then you've got the gold element which should hopefully tide you over in these tough times where everyone's slashing interest rates and there's a bit of pandemonium in the streets
