It then added a country overlay which emphasises the importance of local conditions where these companies operate.<\/p>\n
“The range of top 10 picks captures the breadth of post-Covid changes: digitalisation, increased focus on health, changing consumer preferences, but also the importance of localised supply chains and government protectionism,” it said.\u00a0<\/span><\/p>\n “Our top healthcare pick is Aspen<\/strong>. The other <\/span>likely\u00a0<\/span>EEMEA\u00a0<\/span>beneficiaries<\/span> are technology, media and telecom (TMT) names such as MTS, Naspers<\/strong>, Play and Prosus<\/strong>, which can outperform due to digitalisation and changing consumer preferences (e-commerce, e-entertainment, food delivery, online payments). <\/span><\/p>\n “However, less obvious choices are also set to <\/span>outperform due to\u00a0<\/span>the new consumer: ENBD (online payments) and X5 (big data, online sales).”<\/span><\/p>\n Aspen\u00a0<\/strong><\/p>\n Aspen is South Africa’s largest pharmaceutical company, selling a mixture of generic, branded, injectable and over-the-counter products globally, with significant operations in Europe (40% of revenues), South Africa (23%), China & LATAM (20%), Australasia (12%) and MENA (3%).<\/p>\n BofA said that it believes Aspen could benefit from the following long-term mega themes.<\/span><\/span><\/p>\n Naspers and Prosus<\/strong><\/p>\n Naspers is a media conglomerate with exposure to best-in-class social networking, games and e-commerce. \u00a0It owns a 72.5% stake in Prosus and also leading South Africa<\/span>‘<\/span>s online store Takealot and Media24.<\/span><\/p>\n Prosus offers similar exposure.<\/p>\n BofA said the companies <\/span>strategy tallies well with long-term mega themes.<\/span><\/p>\n Top responders\u00a0<\/strong><\/p>\n Although Covid-19 has led many companies towards paralysis<\/span>\u00a0(i.e. operation closures and employee redundancies)<\/span>, some top responders have been agile\u00a0<\/span>by adapting their business models in order to<\/span>\u00a0provide assistance<\/span>\u00a0during the crisis<\/span>.<\/span><\/p>\n This includes sentiment data as well as Truvalue Lab<\/span>s<\/span> dataset on volume (number of news items\/signals) .<\/span><\/p>\n Some of the top South African companies include Clicks, Life Healthcare, PSG Group, and Netcare and Mondi Plc.<\/p>\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/06\/Stocks-1.png\")
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