Market Wrap - Stock Pick — Distell

Craig Pheiffer from Absa Stockbrokers & Portfolio Management chose Distell Group Hldgs Ltd as his stock pick of the day.

"I'm looking at Distell at the moment, they have a R30 bn market cap. Quite largely tightly held by Remgro but it does trade on the market and is an owner of a lot of big brands in the wine, spirits and cider space. They have a good dividend yield of around 4% or 5% and good growth and fairly defensive."