WATCH:
Graeme Franck from PSG Wealth chose Mondi as his stock pick of the day.
He said the whole world is going anti-plastic and Mondi is very strong in non-plastic packaging.
“It trades on a forward PE [price-earnings ratio] of about 13 times, not a dripping roast, but they certainly have a lot of runway for growth in the years to come. Their dividend yield is also just under 3%.
Source: businesslive.co.za