Stock Watch - Stock picks — Afrimat and Growthpoint
Loading player...
Independent analyst, Chris Gilmour chose Afrimat as his stock pick of the day and Alex Duys from Umthombo Wealth chose Growthpoint.
Gilmour said: "I'm going to stick with my tried and tested one, Afrimat. They're still pulling iron-ore at very cheap prices and flogging them off to the Chinese at much more elevated levels. If SA gets an infrastructure boom, Afrimat is very well placed as well."
Duys said: "I'm having a look at the SA property sector, Growthpoint looks like a very compelling opportunity. Their associate investments in Australia, Eastern Europe etc. it makes up a big percentage of their market cap at Growthpoint and that means the SA part of the business looks quite attractive."
Gilmour said: "I'm going to stick with my tried and tested one, Afrimat. They're still pulling iron-ore at very cheap prices and flogging them off to the Chinese at much more elevated levels. If SA gets an infrastructure boom, Afrimat is very well placed as well."
Duys said: "I'm having a look at the SA property sector, Growthpoint looks like a very compelling opportunity. Their associate investments in Australia, Eastern Europe etc. it makes up a big percentage of their market cap at Growthpoint and that means the SA part of the business looks quite attractive."
