Stock Watch - Stock picks — Transaction Capital and Adcock Ingram
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Ricus Reeders from PSG Wealth Sandton chose Transaction Capital as his stock pick of the day and Devin Shutte from The Robert Group chose Adcock Ingram.
Reeders said: "Possibly a little bit cynical, but it's Transaction Capital. They're in the business of funding the taxi industry and government has put in a lot that will save the industry and Transaction Capital has said that the industry has almost returned to pre-lockdown levels."
Shutte said: "I'm also going for a stock that generates most of its revenues in South Africa it's called Adcock Ingram, a really solid pharmaceutical manufacturer. They've had pretty stable growth from the results that we saw coming through the lockdown"
Reeders said: "Possibly a little bit cynical, but it's Transaction Capital. They're in the business of funding the taxi industry and government has put in a lot that will save the industry and Transaction Capital has said that the industry has almost returned to pre-lockdown levels."
Shutte said: "I'm also going for a stock that generates most of its revenues in South Africa it's called Adcock Ingram, a really solid pharmaceutical manufacturer. They've had pretty stable growth from the results that we saw coming through the lockdown"
