Stock Watch

Stock Watch - Stock picks — S&P Global and Growthpoint Properties


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David Shapiro from Sasfin Securities chose S&P Global Inc as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments chose Growthpoint Properties.
Shapiro said: "S&P global which is really a data collecting company, they publish indices but they are also an analytical company as well and I've been absolutely knocked out by the quality of these businesses, without any type of risk. So, if you look at the chart of S&P Global it just go from bottom left to top right. Very solid business."
McCurrie said: "I'm going for Growthpoint, because it's cheap, on a forward dividend yield basis, its cheap. Don't put all your money into it, you're going to have to wait for at least two years until you get proper dividend distribution from the property companies. But understand the share price is down 40%, the net asset down 15% and distribution will only be affected in two years, so you are buying this share at a decent price."
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