Hidden Global Value Picks ... Plus Pepsi

Friday, 14 Nov 2008 | 9:38 AM ET

As markets continue to shoot up and then just as quickly tumble, investors should dig deep and find affordable value, Wouter Weijand, chief investment officer of high income equity at Fortis Investments, said Friday.

There is a good investment opportunity in Japanese telco, KDDI, as the recent spate of industry consolidations have made telecom companies "wiser" in that they are aiming for more profitability, Weijand told CNBC.

"For the first time in 20 years, Japan is popping up in the dividend universe globally," Weijand said.

Finding Value in the Stock Markets
There is good investment value in Japanese telco, KDDI, as well as in German ATM-machine maker, Wincor Nixdorf and US food and beverage giant Pepsico, according to Wouter Weijand from Fortis Investments.

German ATM-machine maker, Wincor Nixdorf, will grow from the emerging markets but also from gaining market share in the US, according to Weijand.

He also thinks the stock is incredibly cheap at 30 euros ($38.50), when it should be valued at 60 euros.

"The banks will be wise and they will continue their investment in ATMs."

Weijand also thinks now is the time to buy U.S. food and beverage giant, Pepsico , as it is so well valued.

"Pepsi is the type of stock as a dividend investor you really liked but you were never able to buy at sort of reasonably attractive levels," Weijand said.

He added that the company has consistently raised its dividend for the last 36 years, that it is a solid player with good credit ratings, and that falling commodity prices are good news for a food and beverage company.


Disclosure information was available for Wouter Weijand, chief investment officer of high income equity at Fortis Investments, please see interview.


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