Stock Watch

ViacomCBS and SoftBank


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Karl Gevers from Benguela Fund Managers chose ViacomCBS​ as his stock pick of the day and Jean Pierre Verster from Protea Capital Management chose SoftBank
Gevers said: "I'll pick a global stock, ViacomCBS, so it's a global media and entertainment company and also I think it's importantly robust content producer and also a library of movies and series and they've also gone into the streaming industry with their Pluto TV and Paramount Plus so ​they're competing with Netflix and the current amazon streaming services."
Verster said: "A company listening Japan, the second largest company listed in Japan after Toyota and it's SoftBank Group. You can almost think of it as the Japanese equivalent of Naspers because they invested 20 million dollars into Alibaba more than 20 years ago and today that stake is worth more than a hundred billion dollars. But SoftBank is trading at more than a 50% discount to the sum of its parts."
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