Market Wrap - MTN
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Nesan Nair from Sasfin Securities chose MTN as his stock pick of the day.
"I'm gonna go with MTN, I think taking my cue from the oil price, I think it's very well geared to the oil price and the oil price is going to get stronger from here. Of course let's not forget that they had a great update, the company is doing everything right, they're selling assets, paying down debt and that they are at the sort of mid 70 levels, we could see MTN trade closer to 90 in the short term"
"I'm gonna go with MTN, I think taking my cue from the oil price, I think it's very well geared to the oil price and the oil price is going to get stronger from here. Of course let's not forget that they had a great update, the company is doing everything right, they're selling assets, paying down debt and that they are at the sort of mid 70 levels, we could see MTN trade closer to 90 in the short term"
