Sunday Times

Stockpicks

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Jean Pierre Verster from

Protea Capital Management chose Lennar Corporatio­n

● “My stock pick is a US constructi­on company, more specifical­ly the secondlarg­est US home builder. They build single-family homes or houses. It’s almost like the Baldwin Properties of the US, just 100 times bigger, and with interest rates seemingly being lower for longer, I foresee home ownership can increase. This is very good for US home builders and it’s good for Lennar and they will be unbundling their non-core operations … a new company that will list, so then our shareholde­rs will get the sweetener of unbundling.” Nesi Chetty

from Stanlib chose Investec Property fund

● “We like Investec Property Fund. It’s one where the local portfolio is very defensive. If you look at rental collection­s in the pandemic, it’s been 94% in Europe and probably closer to 99% in SA. They’re still maintainin­g a 95% payout ratio and we like the recycling into logistics into the European platform, which has proven to be very resilient.” Wayne McCurrie

from FNB Wealth & Investment­s chose Samsung

● “I’m going for Samsung. Their earnings were up 48%, the revenue was up 17% and it’s a theme that I’ve been on for a while now: during lockdown people are buying PCs and new fridges and new household appliances because they’re spending so much time at home. So the Samsung results were spectacula­r and the price to earnings ratio seems very reasonable for these type of results.”

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For more in-depth markets analysis and top stock tips, catch Stock Watch, daily at 7.30pm on Business Day TV, DStv channel 412
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