CNBC Africa clip – is Metair hot or not.
Metair Investments (JSE:MTA) manufactures and supplies motor vehicle components in South Africa, Turkey and eastern Europe. It has a particular focus on batteries. It has a market cap of R4.1 billion, a PE ratio of 10.91 and a dividend yield of 3.36 per cent. Guest Gary Booysen from Rand Swiss and resident expert Paul Theron from Vestact decide whether Metair Investments is hot or not. Gary Booysens discusses Metair diversifying to offshore which has had a negative impact in the past few months, given the territories it operates in. He mentions that Metair is a well-run company, starting to get a rand hedge component. Further sating that the exports from South Africa are growing, which is a positive indication. Paul Vestact mentions that Metair is strong locally, as manufacturers need to use local suppliers for components to qualify for exports credits. He further mentions that the company looks attractive from a value point of view.Gary concludes by saying that for an investor looking forward to the reversal out of the trend from the last few months; which is a flood out of the emerging markets into the developing world, Metair is a good company to look at. Gary rates Metair as “not hot”. CNBC Africa Metair Investments – Hot or Not http://www.cnbcafrica.com/tv/shows/hot-stocks/?ytid=DKGXuddb0Go