AECI services the mining and manufacturing sectors with chemicals and explosives, and was formed by a merger of Kynoch and Cape-Explosives in 1924. It has a market cap of R16.5 billion, a PE 14.7 and a dividend yield of 2%. Guest David Lerche Avior from Research and resident expert Paul Theron from Vestact have selected AECI as today’s stocks pick within the chemicals sector.
Source: CNBC Africa