The most popular JSE listed share among South Africa’s prominent fund managers and analysts was MTN, followed by Coronation and FirstRand.
South Africa’s top fund managers, analysts, and investing experts share their views about local stocks on platforms like the JSE’s SA Stock Picks show and Business Day TV’s Stock Watch.
Daily Investor recorded their stock picks between 1 January 2022 and 6 December 2022 and analysed the results.
Many prominent investors formed part of this analysis, including FNB Wealth and Investments’ Wayne McCurrie, Sasfin Wealth’s David Shapiro, and Sanlam Private Wealth’s Nick Kunze.
Karl Gevers from Benguela Global Fund Managers, Roy Mutooni and Carmen Mpelwane from Absa Asset Management, and Sasfin’s Rob Towell were also included.
MTN was the most popular share, with many analysts highlighting that its strong performance and low share price make it a buy.
“MTN released a really good set of numbers recently, but the stock price has consistently declined and is now trading at under R130 per share,” Towell said in September.
Mutooni added that if you ignore the negative news and only look at MTN’s numbers, it looks cheap and trades on a low enterprise-value-to-EBITDA multiple.
Coronation was another popular pick. McCurrie said the share price was back at Covid lows, and despite dividend cuts, it is still a strong dividend payer.
“The price-to-earning (P/E) ratio is single digit, and you are in a bear market. It is a perfect situation to buy an asset management company,” he said.
FirstRand rounded out the top three. Neelash Hansjee from Old Mutual Investments is one of the stock pickers who liked this share.
“FirstRand looks attractive as it has strong capital with strong earnings to back it up. The momentum is still there, and I expect good earnings from them,” he said.
Here is a list of the top JSE stock picks among South Africa’s prominent analysts and fund managers this year.
MTN – 10 investors
Stock pickers: Karl Gevers, Martin Smith, Alex Duys, Carmen Mpelwane, Roy Mutooni, Rob Towell, Deryck Janse van Rensburg, Annatjie Van Rooyen, Jimmy Moyaha, Jonathan Fisher
Coronation – 9 investors
Stock pickers: Thamsanqa Netha, Delphine Govender, Jacobus Brink, Willem Oldewage, Martin Smith, Wayne McCurrie, Lonwabo Maqubela, Rowan Williams, Karl Gevers
FirstRand – 9 investors
Stock pickers: Zwelakhe Mnguni, Patrice Rassou, Rob Towell, Martin Smith, Makwe Masilela, Jonathan Fisher, Jacobus Brink, Deryck Janse van Rensburg, Neelash Hansjee
Standard Bank – 8 investors
Stock pickers: Steven Schultz, Makwe Masilela, Nick Kunze, Wayne McCurrie, Graeme Franck, Jacobus Brink, Nick Crail, Jonathan Fisher
Absa – 8 investors
Stock pickers: Chris Gilmour, Imtiaz Suliman, Mark du Toit, Graeme Körner, Wayne McCurrie, Lonwabo Maqubela, Imtiaz Suliman, Willem Oldewage
Shoprite – 7 investors
Stock pickers: Kayalethu Nodada, Simon Brown, Imtiaz Suliman, Roy Mutooni, Wayne McCurrie, Nick Kunze, Makwe Masilela
Sasol – 7 investors
Stock pickers: Patrice Rassou, Jacobus Brink, Mark du Toit, Steven Schultz, Deryck Janse van Rensburg, Gregory Katzenellenbogen, Annatjie Van Rooyen
Sibanye Stillwater – 7 investors
Stock pickers: Ashraf Mohamed, Mia Kruger, Gary Booysen, Caroline Cremen, Nick Kunze, Jacobus Brink, Graeme Franck
Mr Price – 6 investors
Stock pickers: Dale Hutcheson, Carmen Mpelwane, Nick Crail, Jonathan Fisher, Graeme Franck, Mark du Toit