CA&S succeeds where others fear to tread
Much of the company’s growth has been organic, and it has more plans to expand in Southern Africa
28 September 2023 - 08:00
Mid-cap fast-moving consumer goods (FMCG) counter CA Sales Holdings (CA&S) was listed on the JSE after migrating from the Cape Town Stock Exchange in June 2022. This was part of the unbundling process from PSG Group, which was CA&S’s majority shareholder with 47% of the shares.
In October 2022, IM recommended the counter at 545c, lauding the group’s expertise in the marketing and wholesaling of branded goods on behalf of global brands in South Africa and neighbouring territories. IM set a target price of 850c, which was recently attained on the release of sparkling interim results...
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