Nick Kunze from Sanlam Private Wealth chose Investec as his stock pick of the day and Ricus Reeder from PSG Wealth Sandton chose AECI.
Kunze said: “Investec is spinning off the asset management arms in the first quarter next year.... Investec is trading under 10 PE with a nice dividend yield.”
Reeder said: “AECI, first of all, technical because they’ve gone to about R108 today so that’s a new 52-week high.”
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