Market Wrap - Stock pick — Roche
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Graeme Franck from PSG Wealth Sandton Grayston chose Roche as his stock pick of the day.
"Today I'm going to go for Roche. They are in the race for a vaccine but more importantly they are also the biggest cancer pharmaceutical company in the world and unfortunately more and more people are getting cancer and Roche has the largest oncology business in the world. They are trading on a PE of around 20 times so they're not cheap but it's a great long-term quality business."
"Today I'm going to go for Roche. They are in the race for a vaccine but more importantly they are also the biggest cancer pharmaceutical company in the world and unfortunately more and more people are getting cancer and Roche has the largest oncology business in the world. They are trading on a PE of around 20 times so they're not cheap but it's a great long-term quality business."
