5 JSE stocks investors have eyes on right now

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Here are five local stocks South African experts have chosen as their stock picks for February 2023.

from Novare

Du Toit said Standard Bank offers good value in 2023 as it now wholly owns Liberty, allowing the group to reorganise its capital stack – meaning it’ll have more capital to inject into the business.Over the past year, Standard Bank showed returns of around 15%, outperforming both the industry average and the South African market – which returned 2.3% and -5.8%, respectively.

Daswa said the group looks promising, with a strong management team that recently executed the company’s transition and rebrand from Rand Merchant Investment Holdings .The group’s price-to-earnings ratio is also close to its 10-year low of 2.35, while its stock dividend yield is close to a 1-year high.

Based on its latest financials, Fisher believes that the business is showing resilience in a dampened economy, with a turnover growth forecast in the mid-teens.Fisher believes MTN is performing exceptionally, noting that expectations of an increase in headline earnings of 30% for the full year’s financials are still underplaying it.

He added that its latest financials are also in good standing, with earnings up over 30% over the past year.

 

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