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Taking a look at the day’s business news influencing market moving activity, and forex.An Arena Holdings production.Keywords: money, opportunity, business plan, business ideas, business news, inco... more
FAQs about Market Wrap:How many episodes does Market Wrap have?The podcast currently has 1,627 episodes available.
December 02, 2019Market Wrap - Stock Pick — ProsusGraeme Franck from PSG Wealth Sandton Grayston chose Prosus as his stock pick of the day. "I'm going to go for Prosus, remember they listed just a couple of months ago and the listing price was a capital gains tax event so they had to crystallize a price and that was R1187. I see that close today on around R980 so they down 18% just in that short space of time. It is trading on a PE of 30-32 which sounds high, but going back not so long ago they were on a PE of 70 or 80 and as earnings has come through and the share price has fallen so that multiple has compressed quite nicely."...more1minPlay
November 29, 2019Market Wrap - Stock Pick — AB InBevIndependent Analyst, Liston Meintjes chose AB InBev as his stock pick of the day. "I'm staying with AB InBev, and one of the reasons is that they haven't been performing well for quite some time, but you know I do believe people drink beer and I do think that they have a fantastic global reach. We do know that they got into an over geared situation which is not good but they do have that wonderful thing called fast moving cash goods and as long as they're selling beer money, will roll in. The problems will go away over time and by the way it is totally free of any currency question, any South African political overtones and whatever may happen in the next two weeks it's not going to affect them."...more2minPlay
November 28, 2019Market Wrap - Stock Pick — BidCorpKwame Antwi from KOA Capital chose Bid Corp as his stock pick of the day. "In the current environment I'm fairly bearish on the currency, I'm fairly bearish on SA economy. I think we have a lot of headwinds despite the optimism and some of the things that we and the government seems to be doing. I think it's going to take a while before we see the economy turn around and so I'm always in favour of businesses that have international consumer play. I like BidCorp, it's been one of the stocks that have been weak today but you know BidCorp is one of those business that is a full services food provider if you want to call it that, I call it a grocer on wheels, selling food products to restaurants and it was one of those businesses that are going to benefit from urbanisation and the trend of eating out, those lifestyles that we've seen in the developed market and I think it appears to be expensive, but it's one of those quality businesses that are pricey and you get a good rand hedge."...more2minPlay
November 27, 2019Market Wrap - Stock Pick — BATNesan Nair from Sasfin Securities chose British American Tobacco as his stock pick of the day."Im gonna go with British American Tobacco. I think it was hit hard for a long time, a lot of negative news on pricing and especially on the vaping side but it's good to see that they're keeping the top-line momentum going and dividend yields are still good there"...more1minPlay
November 26, 2019Market Wrap - Stock Pick — AB InBevCraig Pheiffer from Absa Stockbrokers & Portfolio Management chose AB InBev as his stock pick of the day" It's been a year since I looked at Anheuser Busch and it's gone all the way up, and it's come back quite a bit after quite a soft third quarter. I think that maybe there was a bit of profit taking a bit of a little bit of disillusionment but for me there's a story still a story about reducing their debt. Bit of a medium-term longer-term story. I think they've sold off some assets here and there and I think that they will continue to do well over time and that's why I'm sticking with it. I think they will rerate once we see that debt still come down further."...more1minPlay
November 22, 2019Market Wrap - Stock Pick — NesltéKwame Antwi from KOA Capital chose Nestlé SA as his stock pick of the day. "If you look at the cycle, investors now needs to start positioning their portfolios in a much more defensive fashion and I think Nestlé is one of those businesses. You are gain around 40% revenue coming from the emerging market and the balance from the developed world, so you capturing the demographic dividend that is coming from an emerging market and urbanisation but at the same time you are also capturing the benefits of the wellness business that comes out from the developed business. It's a huge business, they are still delivering above industry growth, they're still cutting costs and you are still seeing earnings growth above 15%. For me, this is a quintessential blue chip business, if you want security, that is where you want to put your money."...more2minPlay
November 21, 2019Market Wrap - Stock Pick — AlibabaCaroline Cremen from Adviceworx chose Alibaba as her stock pick of the day."I know that we've got a bit of a risk appetite in the market right now but I'm going to pick Alibaba, which if you want to loosely translate it is Chinese Amazon, except it is multiples larger, the revenue growth is in excess of 30%, the earnings per share growth is in the excess of 25%, they've got cloud computing, they've got retail, they have food delivery services and they've got their own payment system. I think there is a bit of a turn from the Chinese consumer from using American products, the rhetoric will actually laps so I think they're certainly in a great position to increase their market share because their penetration is still relatively good and there's a lot further that they can go."...more2minPlay
November 20, 2019Market Wrap - Stock Picks — Standard Bank and RocheGraeme Franck from PSG Wealth Sandton, Grayston chose Standard Bank Group and Roche as his stock picks of the day"I'm going to one on each side - one local and one international, on the local side we really like Roche, it's the biggest oncology i.e. cancer pharmaceutical player in the world, they're not cheap as it's on a PE of around 20 but the dividend yield of 3%, but a super, super high quality company. And on the local side we still like the banks and in particular Standard Bank. If we get any kind of political goodwill, any kind of uptick from these very low valuations like Eskom and all of these various things, the banks are going to be pretty strong beneficiaries of that. Standard Bank is on a PE of 10, dividend yield of 5% or 6%, so the numbers seem to be stacking up"...more2minPlay
November 19, 2019Market Wrap - Stock Pick — ExxaroAndile Buthelezi from Sentio Capital chose Exxaro Resources Ltd as his stock pick of the day. "Exarro, I think they're looking quite cheap and by no means am I saying this is the 10 to 15 year call, we know just how much pushback globally co-producing companies are receiving from an environmental perspective that is, but, in the short to medium term there are still coal-fired power stations and someone still needs to supply these power stations. Yes Exxaro is largely exposed to a Eskom so there is that risk to consider but I'm encouraged by the fact that they haven't had any problems with regards to receiving payments - when it comes to Eskom purchasing coal Exxaro . They also have an export production that they sell some of their coal into the export market and there are increasing volumes now, and the incremental production growth is largely earmarked for that export market so I'm encouraged by that too. They also have a stake in an entity called Sishen Iron Ore Company which is that side business that they jointly owned with Khumba. They are spinning out a lot of cash Exxaro is committed to paying out all the cash that they receive from that entity to Exxaro shareholders and that's always a good thing. And then lastly they have a small state left in an entity called Tronox which is out in the U.S. They've sold down from around 23% below 10% now, a large part of the proceeds that they received from the sale of that stake, they've used to pay special dividends, so when they sell the remainder of that stake, I'd expect for them to use some of those proceeds to again pay special dividends potentially and I think at these levels it looks interesting."...more2minPlay
November 18, 2019Market Wrap - Stock Picks — Standard Bank and RocheGraeme Franck from PSG Wealth Sandton, Grayston chose Standard Bank Group and Roche as his stock picks of the day"I'm going to one on each side - one local and one international, on the local side we really like Roche, it's the biggest oncology i.e. cancer pharmaceutical player in the world, they're not cheap as it's on a PE of around 20 but the dividend yield of 3%, but a super, super high quality company. And on the local side we still like the banks and in particular Standard Bank. If we get any kind of political goodwill, any kind of uptick from these very low valuations like Eskom and all of these various things, the banks are going to be pretty strong beneficiaries of that. Standard Bank is on a PE of 10, dividend yield of 5% or 6%, so the numbers seem to be stacking up"...more1minPlay
FAQs about Market Wrap:How many episodes does Market Wrap have?The podcast currently has 1,627 episodes available.