WATCH: Stock pick — Standard Bank

Picture: FINANCIAL MAIL
Picture: FINANCIAL MAIL

Graeme Franck from PSG Wealth Sandton chose Standard Bank Group as his stock pick of the day.

“Standard Bank is down 7% on the back of last week’s load-shedding and worries of the economy, so it is trading on price-earnings ratio of nine times, single digit, and has a dividend yield of 5%-5.5%. Should we have a half decent election, some of these SA Inc companies should do very well.”

Graeme Franck from PSG Wealth Sandton talks to Business Day TV about Standard Bank, his stock pick of the day

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