Stock Watch - Stock picks — Visa and Prosus
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Mia Kruger from Kruger International chose Visa as her stock pick of the day and Nesan Nair from Sasfin Securities chose Prosus.
Marx said: "I'm going for Visa, we saw their results last week and they came down with revenue of about 30% but despite that they are an extremely high margin business, exceptionally well diversified globally. Almost everyone who does an electronic transaction does so either through Visa or Mastercard and the prices has come down with about 18%."
Nair said: "I'm going for Prosus, I've been looking at this quite carefully for a while now and I think their discount to NAV is just ridiculous and the fact that they are looking at ways to unlock it even further and eventually investors will take heed of what they are trying to do. There's a strong momentum behind the share and I think it is going to do well."
Marx said: "I'm going for Visa, we saw their results last week and they came down with revenue of about 30% but despite that they are an extremely high margin business, exceptionally well diversified globally. Almost everyone who does an electronic transaction does so either through Visa or Mastercard and the prices has come down with about 18%."
Nair said: "I'm going for Prosus, I've been looking at this quite carefully for a while now and I think their discount to NAV is just ridiculous and the fact that they are looking at ways to unlock it even further and eventually investors will take heed of what they are trying to do. There's a strong momentum behind the share and I think it is going to do well."
