Opportunities in SA Equity through careful stock selection
M and G Investments
Q4 of 2023 | 8 months ago
Looking at South African equities, investors can be hard-pressed to find compelling reasons to invest with all the negative new headlines constantly on display. Yes, South Africa has its challenges, but we see value in the local equity market and hold the view that the negativity is largely already priced into markets. Further to this, it’s important to remember that many of the companies listed on the JSE All Share Index not only have global sources of revenue to diversify SA-specific risk, but that these companies are also trading at attractive valuations currently. On a 12-month forward price-earnings (PE) basis, the SA market is at one of its cheapest levels in a very long time -- the possibility of any positive news from this point onward has not been priced into the market. This is the time when the greatest opportunity exists to invest in SA equities. With so many attractive stock options to choose from, where does one begin?
Opportunities in SA Equity through careful stock selection
M and G Investments
Q4 of 2023 | 8 months ago
Looking at South African equities, investors can be hard-pressed to find compelling reasons to invest with all the negative new headlines constantly on display. Yes, South Africa has its challenges, but we see value in the local equity market and hold the view that the negativity is largely already priced into markets. Further to this, it’s important to remember that many of the companies listed on the JSE All Share Index not only have global sources of revenue to diversify SA-specific risk, but that these companies are also trading at attractive valuations currently. On a 12-month forward price-earnings (PE) basis, the SA market is at one of its cheapest levels in a very long time -- the possibility of any positive news from this point onward has not been priced into the market. This is the time when the greatest opportunity exists to invest in SA equities. With so many attractive stock options to choose from, where does one begin?
