Market Wrap - Stock picks — FirstRand and Sibanye
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Makwe Masilela from Makwe Fund Managers chose Firstrand as his stock pick of the day and Nesan Nair from Sasfin Securites chose Sibanye Stillwater.
Masilela said: "I like the banks, especially FirstRand, they are still relatively cheap compared to other emerging market banks. They have a PE of almost 16 and a dividend yield of almost 2,8%."
Nair said: "On a day like this I have to go for Sibanye, if you think of the humble beginnings that it's come from I think they've done a fantastic job there."
Masilela said: "I like the banks, especially FirstRand, they are still relatively cheap compared to other emerging market banks. They have a PE of almost 16 and a dividend yield of almost 2,8%."
Nair said: "On a day like this I have to go for Sibanye, if you think of the humble beginnings that it's come from I think they've done a fantastic job there."
