Market Wrap - Stock pick — MTN
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Andile Buthelezi from Sentio Capital chose MTN as his stock pick of the day.
"I'm going for MTN, on a number of different matrix the stock is looking undervalued, especially compared to their peers like Vodacom. Yes they didn't pay an interim dividend but indications are that they will probably pay an end of year dividend so on that basis it's trading on a 6,5% dividend yield."
"I'm going for MTN, on a number of different matrix the stock is looking undervalued, especially compared to their peers like Vodacom. Yes they didn't pay an interim dividend but indications are that they will probably pay an end of year dividend so on that basis it's trading on a 6,5% dividend yield."
