Libstar

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Sentio Capital's Imtiaz Suliman chose Libstar as his stock pick of the day.

"If you look at Libstar's underlying business, they are quite an innovative company. They produce some of the private label brands for the likes of the Woolies and the Shoprites, Spar and Pick n Pay and that private label business has been growing much faster than the branded side in the retailers lives. So Libstar has exposure to these higher growth markets as well as some of the strong owned brands that they produce. I think if you look at their overall there's a good growth opportunity set that Libstar provides, combined with a very attractive valuation of seven times earnings, multiple a dividend yield of three and a half percent."
7 Jun 2021 2AM English South Africa Business · Business News

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