Market Wrap - Stock pick — Equites
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Nesi Chetty from Stanlib chose Equites as his stock pick of the day.
"In a market that is so volatile and uncertain we still be sticking with a company that's defensive and are offering very good quality to the cycle. Equities property fund is a specialist fund, it develops, owns and acquires best-in-class logistics assets. Going into the into the pandemic they had a very strong balance sheet, holding about a billion in cash and I think if you take out the noise in the market and you look at the long-term secular driver, demand drivers - for things like logistics,e-commerce, rising inventory levels and manufacturing increasing this is a company that through the cycle will tend to do well."
"In a market that is so volatile and uncertain we still be sticking with a company that's defensive and are offering very good quality to the cycle. Equities property fund is a specialist fund, it develops, owns and acquires best-in-class logistics assets. Going into the into the pandemic they had a very strong balance sheet, holding about a billion in cash and I think if you take out the noise in the market and you look at the long-term secular driver, demand drivers - for things like logistics,e-commerce, rising inventory levels and manufacturing increasing this is a company that through the cycle will tend to do well."
