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A Bank Stock You Should Actually Buy

A Thai bank, a Dutch brewer and a US-based food-service provider are among the stock picks given by Wouter Weijand from Fortis Investments.

Bangkok Bank in Thailand is attractive to Weijand as the country has no "asset bubble" or dramatic lending price rises. It is also the dominant bank in the country and much better positioned than its competitors, he added.

"They have one of the highest Tier 1 ratios in the world," he said. "We think they're actually very well-positioned with the bigger, fatter credit spreads they earn to grow from here on."

Dutch brewer Heineken's stock is at attractive levels with a low valuation and attractive dividend yield for the first time in ages, according to Weijand.

"For the longer term, this is an excellent buying opportunity to get hold of Heineken," he told CNBC.

US food service provider Sysco is also good to invest in as it "provides fast food to the fast-food chains" and it is reported that Americans tend to migrate to cheaper fast-food restaurants during recessions for their specials, Wouter said.

Sysco also stands to benefit from the low oil price "later this year and next year," he added.

"It's very stable, has a strong balance sheet. The dividend is about 4 percent."

Disclosures:

Fortis Investments has no business-banking relationship, and no personal or company holding with Bangkok Bank.

Fortis Investments has no business-banking relationship, and no personal or company holding with Heineken.

Fortis Investments has no business-banking relationship, and no personal or company holding with Sysco.

Disclaimer