December 19, 2013 Pakistan Research | Textile

Textile sector PE exposition

The textile sector is back bone of Pakistan economy which adds major portion in exports & the foreign reserves. Recently EU approved the GSP+ status for Pakistan enable us to access 27 countries of European markets for exports. We expect entire chain to benefit and supplement each other. We are presenting an assortment of data on textile spinning, weaving and composite mills who are having PEs below 5x (could be retrieved from www.scstrade.com). We consider investments for June 2014.
Textile sector- Snapshot Company Name Janana-de-Malucho Textile Sapphire Fibers Shadab Textile Mills Tata textile Mills Ellcot Spinning Mills Reliance Cotton Spinning Sally Textile Mills Salfi Textile Mills Faisal Sinning Mills Reliance Weaving Mills Island Textile Mills Ideal Spinning Mills Fazal Cloth Mills Bleesed Textile Mills Bhanero Textile Mills Premium Textile Mills Kohat Textile Mills Bannu Woollen Mills Sunrays Tetile Mills Nagina Cotton Mills Shams Textile Mills Prosperity Weaving Mills Ahmed Hassan Textile Mills Ishaq Textile Mills Saif Textile Mills Mehmood Textile Mills Fazal Textile Mills Shahtaj Textile Mills Artistic Denim Mills Gadoon Textile Mills Sapphire Textile Mills Kohinoor Mills Crescent Textile Mills Sana Industries Masood Textile Mills Idrees Textile Mills Nishat Mills Maqbool Textile Mills Liberty Mills www.scstrade.com Exp PE 0.6 1.0 1.2 1.4 1.6 1.7 1.8 1.8 1.9 1.9 1.9 2.0 2.1 2.3 2.3 2.4 2.5 2.5 2.6 2.7 2.8 3.0 3.0 3.3 3.4 3.4 3.5 3.7 3.7 3.8 4.0 4.2 4.2 4.7 4.7 4.7 5.3 5.4 PBV 0.5 0.4 0.4 0.4 0.6 0.5 0.4 0.3 0.4 0.4 0.3 0.6 0.0 0.4 0.5 0.5 0.5 0.3 0.6 0.8 0.5 0.9 0.2 0.3 0.5 0.6 0.9 0.4 1.2 0.7 0.7 0.6 0.2 1.7 0.8 0.3 0.7 0.6 1.5 Dividend Yield 0.0 5.0 0.0 4.1 13.7 2.5 6.9 12.3 3.9 5.1 0.6 0.0 2.0 3.6 4.4 8.2 7.6 5.9 9.8 13.7 0.0 14.3 5.1 6.1 8.1 5.9 1.5 9.7 1.8 6.4 5.3 0.0 0.0 8.6 2.1 6.7 3.4 9.5 0.0 ROE Comments

27.4 Biboojee Group 10.1 Less liquid 36.3 13.6 Less liquid 27.7 Good fundamentals - strongly recommend 226.4 We strongly recommend 18.0 We strongly recommend 17.2 We strongly recommend 26.5 Good fundamentals - strongly recommend 22.3 We strongly recommend 21.8 Sponsors play only 12.6 Sponsors play only 11.7 16.3 Good fundamentals - strongly recommend 12.7 Good fundamentals - strongly recommend 39.9 18.7 SAIF Group company 11.1 We strongly recommend 23.8 33.9 Elcot Spinning - Strong recommendation 33.1 Good fundamentals - SURC & CRESC Group 38.3 7.7 We strongly recommend 12.8 Sponsors play only 25.1 We strongly recommend 16.2 We strongly recommend 20.3 We strongly recommend 12.1 We strongly recommend 18.7 we strongly recommend 18.4 We strongly recommend 18.7 Less liquid 77.2 Less liquid 2.2 We strongly recommend 21.1 We strongly recommend 15.9 Chinese entered 5.7 We strongly recommend 9.9 We strongly recommend 22.9 We strongly recommend 22.6 Buy Back case

Analyst:

Rajesh Kumar Maheshwari

Tell: 111-111-721 Ext.116

www.scstrade.com

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