Market Wrap - Stock Pick — Libstar

Imtiaz Suliman from Sentio Capital chose Libstar Holdings as his stock pick of the day.

"I'm going for Libstar, the company is a food manufacturer based in South Africa with a number of brands including Lancewood and they also do private manufacturing for the retailers which is the private label products. It's a very innovative company which has been rolling out new products and that has been driving growth in this business. They are challenging establish businesses like Tiger Brands, Rhodes and Pioneer foods to some extent. We think that this is a structural growth opportunity that will continue to grow in South Africa."