Naspers masks the attractiveness of SA stocks, Citi says

Investors will realise how attractively valued SA stocks are once they look beyond the skewing effect of gains in Naspers, according to Citigroup.

The situation is poised to change however, as investors adjust their stock-selection styles this year, Citigroup analysts wrote as they upgraded the country’s equities to neutral from underweight. SA’s market, excluding Naspers, is weighted toward value, a style of investing which Citigroup strategists expect to recover as pessimism over global economic growth fades.

Citigroup’s preferred stocks are Absa Group, Sanlam, Impala Platinum Holdings, Sasol, African Rainbow Minerals, Tiger Brands, Tsogo Sun Holdings and Naspers.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

SA court rules Mozambique ex-finance minister can be extradited to US | IOL NewsA South African court has ruled that Mozambique's former finance minister Manuel Chang can be extradited to the US, one of Chang's lawyers said.
Fuente: IOL - 🏆 46. / 51 Leer más »

Former Mozambican finance minister should be extradited to US on fraud charges - SA courtFormer Mozambican finance minister Manuel Chang should be extradited to the US where he is wanted on allegations of conspiracy to commit fraud and taking millions of dollars in bribes in a $2bn loan scandal. Langen'ijazi etshwaleni...!!! Jio , he and zuma gan share the plain No, no! Zuma’s chummy!!
Fuente: News24 - 🏆 4. / 80 Leer más »