CA Sales eyes a promising new market
As a key player in the African FMCG growth story, CA&S is planning to expand into East Africa, with an initial hub in Kenya
Fast-moving consumer goods (FMCG) collective CA Sales (CA&S) is a stock that may be familiar to readers, as IM has consistently recommended the counter since October 2022 at 545c a share, with subsequent reviews and target updates all made and exceeded.
The group has just released interim results to June and is worthy of a revisit. In the past 12 months, CA&S has risen 77%, and 41% in the year to date, with the stock now trading at a historic p:e of 15. While IM believes much of the easy money has been made in CA&S, solid long-term prospects remain as the company continues its territorial expansion with gentle inroads under way into what could in time be a vast new market: East Africa...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.