Stockpicks

Mia Kruger from Kruger International chose Aspen

● “I’ve actually been liking Aspen quite a bit. The company has over the last two years really come to the party and done what Stephen Saad said they’re planning to do. They’ve reduced their debt significantly. If you consider where they were at the end of 2018 or where they were at the end of last year, they’ve nearly halved their debt. They sold out all those noncore assets and they are now actually in a position where they can consider bolting on new acquisitions that are more in line with what they want to do going forward.”

Nick Kunze from Sanlam Private Wealth chose Glencore

● “I’m leaning towards Glencore as the stock pick today. We’ve been looking at it for a while and we’ve done a lot of research into it. There’s a big supply deficit with copper and Glencore’s one of a few entries into copper. They’ve signed some really interesting deals with the cobalt suppliers in the DRC [Democratic Republic of Congo] and are very geared towards electric vehicles. And also throw in the fact that they’re one of the biggest commodity traders in the world.”

Meryl Pick from Old Mutual Investments chose Life Healthcare

● “I’m going for something that traditionally would be thought of as defensive, a hospital [operator] called Life Healthcare. In the Covid crisis, ironically in the middle of a health-care crisis, it has not been good for hospitals. In some cases surgeons and anaesthetists have just taken an active decision that they need to be on standby for Covid patients and therefore surgeries and things have been deferred, so I’m banking on that pent-up demand for elective surgeries to come back.”