Stock Watch - Stock picks — Satrix China ETF and Raubex
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Ricus Reeders from PSG Wealth Sandton chose Satrix China ETF as his stock pick of the day and Chantal Marx from FNB Wealth & Investments chose Raubex .
Reeders said: "There has already been a switch to emerging markets and the one that we can do locally, if you have a local shares portfolio is Satrix China. "
Marx said: "I've gone for Raubex, the stock really hasn't done much despite the fact that they won an additional R6bn worth of tenders since release results where they already had a strong R10bn order book. This company will benefit from a continued roll-out of a backlog of road infrastructure as well as government's recently gazetted infrastructure projects."
Reeders said: "There has already been a switch to emerging markets and the one that we can do locally, if you have a local shares portfolio is Satrix China. "
Marx said: "I've gone for Raubex, the stock really hasn't done much despite the fact that they won an additional R6bn worth of tenders since release results where they already had a strong R10bn order book. This company will benefit from a continued roll-out of a backlog of road infrastructure as well as government's recently gazetted infrastructure projects."
