Market Wrap - Stock Pick — Mondi

Graeme Franck from PSG Wealth Sandton chose Mondi as his stock pick of the day "We really like Mondi, just six months ago the share price was R420 and it's now down almost exactly to R300 which is where it was two years ago. This is a very well managed global business on a PE (price earnings ratio) of roughly ten times and the whole world's going anti-plastic and they're quite strong in the cardboard and non plastic packaging materials so they are well positioned for the future."
Loading player...