Market Wrap - Stock pick — South32
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Robert Towell from Sasfin Securities chose South32 as his stock pick of the day.
"My stock pick today, going back locally with South32. They came out with numbers today as well, we like their mix of commodities. They've got silver, it's one of the only ways you can get access in South Africa to silver, zinc and aluminium as well. We think that there has been a lag in the commodity space over the last year and a half and we think it's time for them to just start moving up. And they've got a very big buyback on the way."
"My stock pick today, going back locally with South32. They came out with numbers today as well, we like their mix of commodities. They've got silver, it's one of the only ways you can get access in South Africa to silver, zinc and aluminium as well. We think that there has been a lag in the commodity space over the last year and a half and we think it's time for them to just start moving up. And they've got a very big buyback on the way."
