MPT at R18 trades on a modest yield relative to Mondi, but the packaging play is less cyclical than pure pu…by @scandi_jse64 on $MPT

MPT at R18 trades on a modest yield relative to Mondi, but the packaging play is less cyclical than pure pulp exposure. Revenue growth has been steady without the volatility you'd see in basic materials, which is why the valuation compression versus peers feels overdone.