5 JSE stocks investors have eyes on right now

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5 JSE stocks investors have eyes on right now
France Dernières Nouvelles,France Actualités

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

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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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