2014年新兴eMEA研究团队：消费者/自由裁量权，第1号：保罗斯莱克斯和团队

保罗斯莱克斯 ＆ 团队

美国银行 Merrill Lynch.

一场出场：2 总出现：4 团队首次亮相：2011年

跑了第二年，六强银行Merrill Lynch Crew Pipoted by保罗斯莱克斯在这个名单上赢得第一名在消费者/不受欢迎的阵容上也是如此。从他们的基地在俄罗斯，南非，土耳其和阿拉伯联合酋长国，分析师涵盖了24个区域消费股。“我们在我们的股票选秀权中保持有选择性，”43岁的团队领导人表示，他总部位于开普敦。“基于我们对国内生产总值的宏观经济预测，实际工资，消费增长和低正式的零售普及，俄罗斯和沙特阿拉伯成为2014年支持零售支出的青睐地区。南非最不当，虽然它具有奖金the ‘Rest of Africa’ growth angle for a number of companies, and valuations are at a discount to global emerging-markets peers.” Steinhoff International Holdings — which manufactures and sells furniture and household goods in Africa, Europe and the Pacific Rim — is their favorite player in the South African retail space. Steegers and his colleagues believe that Steinhoff will continue to consolidate a fragmented and now growing European furniture market, thereby driving sustainable superior growth, margins and returns going forward. The shares were trading at 53.51 rand at the end of May, and the researchers’ believe a price of 63.80 rand is justified.