Stock Watch - Stock picks — Ferrari and Sibanye Stillwater
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Jean Pierre Verster from Protea Capital Management chose Ferrari as his stock pick of the day and Gary Booysen from Rand Swiss chose Sibanye Stillwater.
Verster said: "Ferrari is the ultimate sports vehicle brand and I think in this world we'll always have have and have nots. Those that have sufficient wealth that want to buy themselves something sporty probably would think of Ferrari. Ferrari is also going into electrified vehicles now and it shows you that Ferrari will probably get there with the strength of that brand I think that irrespective of where the world goes the brand will be strong and therefore for the long term it's very well positioned to make extraordinary margins versus other vehicle manufacturers."
Booysen said: "I'm going for Sibanye Stillwater, and you know when you're looking at any company as an investor, you're essentially trusting the management team and if you look at what Neal Froneman and his team have done there, it's been absolutely spectacular over the last say five years. Also looking at the price of Rhodium, some of the pgm metals and what's happening in those underlying markets I think a lot of that's going to drop into the bottom line."
Verster said: "Ferrari is the ultimate sports vehicle brand and I think in this world we'll always have have and have nots. Those that have sufficient wealth that want to buy themselves something sporty probably would think of Ferrari. Ferrari is also going into electrified vehicles now and it shows you that Ferrari will probably get there with the strength of that brand I think that irrespective of where the world goes the brand will be strong and therefore for the long term it's very well positioned to make extraordinary margins versus other vehicle manufacturers."
Booysen said: "I'm going for Sibanye Stillwater, and you know when you're looking at any company as an investor, you're essentially trusting the management team and if you look at what Neal Froneman and his team have done there, it's been absolutely spectacular over the last say five years. Also looking at the price of Rhodium, some of the pgm metals and what's happening in those underlying markets I think a lot of that's going to drop into the bottom line."
