Market Wrap - Stock pick — Life Healthcare
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Andile Buthelezi from Sentio Capital chose Life Healthcare as his stock pick of the day.
"I'm going for Life Healthcare; the stock did come off earlier in the year similar to all other stocks so it is not unique to them. Their occupancy levels did fall from around 60% to around 40% as the country entered alert level 5 of the pandemic. We do anticipate that those occupancy rates will start to pick up again as lockdown levels are eased and more non-emergency cases are treated at hospitals. If SA can manage to avoid Covid-19 to escalate to catastrophic levels, then it is probably worthwhile to start building your position in some of these hospital names of which Life Healthcare is one."
"I'm going for Life Healthcare; the stock did come off earlier in the year similar to all other stocks so it is not unique to them. Their occupancy levels did fall from around 60% to around 40% as the country entered alert level 5 of the pandemic. We do anticipate that those occupancy rates will start to pick up again as lockdown levels are eased and more non-emergency cases are treated at hospitals. If SA can manage to avoid Covid-19 to escalate to catastrophic levels, then it is probably worthwhile to start building your position in some of these hospital names of which Life Healthcare is one."
