WEALTH CREATION: Top Stock Picks To Look Out For In 2023
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CHANTAL MARX - HEAD OF INVESTMENTS RESEARCH AT FNB WEALTH AND INVESTMENTS talks about Last year was a tumultuous year in global equity markets and while the JSE eked out a positive return in rand terms, it still moved backwards when converted to the greenback. We saw growth expectations moderate as the year progressed thereby impacting the earnings outlook for companies near term – we still see quite a bit of value in the local equity market for 2023.
That said, risks are still rife as the war in Ukraine continues, China’s policy implementation remains haphazard, and inflation stays elevated. Locally, the growth outlook has been tempered by the impact of continued and intensifying loadshedding which will undoubtedly impact company profitability and/or balance sheets (depending on whether they become self-reliant or not).
That said, risks are still rife as the war in Ukraine continues, China’s policy implementation remains haphazard, and inflation stays elevated. Locally, the growth outlook has been tempered by the impact of continued and intensifying loadshedding which will undoubtedly impact company profitability and/or balance sheets (depending on whether they become self-reliant or not).
