With the release of a trading update in the past week by Bidvest, I was reminded that my pick for the FM Hot Stocks in the industrials segment is still holding up very nicely.
The JSE indices are now far too broad thanks to a much smaller investable universe than the bourse had in previous decades, so defining an “industrial” company is tricky. But in the context of a reasonably sensible basket that includes Invicta, Hudaco, Bell and Argent Industrial, my pick, Bidvest, has outperformed considerably this year. So far, so good.
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