Morning Briefing for December 19, 2013 – Standard Capital : AsiaNet-Pakistan

Morning Briefing for December 19, 2013 – Standard Capital

December 19, 2013 | Brokerage | Share:

Karachi, December 19, 2013 (PPI-OT): Textile sector PE exposition

The textile sector is back bone of Pakistan economy which adds major portion in exports and the foreign reserves.

According to Standard Capital, recently EU approved the GSP+ status for Pakistan enable us to access 27 countries of European markets for exports. Standard Capital expects entire chain to benefit and supplement each other.

Standard Capital is 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). Standard Capital considers investments for June 2014.

Company Name                 Exp PE     PBV    Dividend   ROE     Comments
                                                Yield
Janana-de-Malucho Textile      0.6      0.5      0.0      27.4    Biboojee Group
Sapphire Fibers                1.0      0.4      5.0      10.1    Less liquid
Shadab Textile Mills           1.2      0.4      0.0      36.3
Tata textile Mills             1.4      0.4      4.1      13.6    Less liquid
Ellcot Spinning Mills          1.6      0.6     13.7      27.7    Good fundamentals - strongly recommend
Reliance Cotton Spinning       1.7      0.5      2.5     226.4    Standard Capital strongly recommends
Sally Textile Mills            1.8      0.4      6.9      18.0    Standard Capital strongly recommends
Salfi Textile Mills            1.8      0.3     12.3      17.2    Standard Capital strongly recommends
Faisal Sinning Mills           1.9      0.4      3.9      26.5    Good fundamentals - strongly recommend
Reliance Weaving Mills         1.9      0.4      5.1      22.3    Standard Capital strongly recommends
Island Textile Mills           1.9      0.3      0.6      21.8    Sponsors play only
Ideal Spinning Mills           2.0      0.6      0.0      12.6    Sponsors play only
Fazal Cloth Mills              2.1      0.0      2.0      11.7
Bleesed Textile Mills          2.3      0.4      3.6      16.3    Good fundamentals - strongly recommend
Bhanero Textile Mills          2.3      0.5      4.4      12.7    Good fundamentals - strongly recommend
Premium Textile Mills          2.4      0.5      8.2      39.9
Kohat Textile Mills            2.5      0.5      7.6      18.7    SAIF Group company
Bannu Woollen Mills            2.5      0.3      5.9      11.1    Standard Capital strongly recommends
Sunrays Tetile Mills           2.6      0.6      9.8      23.8
Nagina Cotton Mills            2.7      0.8     13.7      33.9    Elcot Spinning - Strong recommendation
Shams Textile Mills            2.8      0.5      0.0      33.1    Good fundamentals - SURC and CRESC Group
Properity weaving Mills        3.0      0.9     14.3      38.3    Standard Capital strongly recommends
Ishaq Textile Mills            3.0      0.3      6.1      12.8    Sponsors play only
Saif Textile Mills             3.3      0.5      8.1      25.1    Standard Capital strongly recommends
Mehmood Textile Mills          3.4      0.6      5.9      16.2    Standard Capital strongly recommends
Fazal Textile Mills            3.4      0.9      1.5      20.3    Standard Capital strongly recommends
Shahtaj Textile Mills          3.5      0.4      9.7      12.1    Standard Capital strongly recommends
Artistic Denim Mills           3.7      1.2      1.8      18.7    Standard Capital strongly recommends
Gadoon Textile Mills           3.7      0.7      6.4      18.4    Standard Capital strongly recommends
Sapphire Textile Mills         3.8      0.7      5.3      18.7    Less liquid
Kohinoor Mills                 4.0      0.6      0.0      77.2    Less liquid
Crescent Textile Mills         4.2      0.2      0.0       2.2    Standard Capital strongly recommends
Sana Industries                4.2      1.7      8.6      21.1    Standard Capital strongly recommends
Masood Textile Mills           4.7      0.8      2.1      15.9    Chinese entered
Idrees Textile Mills           4.7      0.3      6.7       5.7    Standard Capital strongly recommends
Nishat Mills                   4.7      0.7      3.4       9.9    Standard Capital strongly recommends
Maqbool Textile Mills          5.3      0.6      9.5      22.9    Standard Capital strongly recommends
Liberty Mills                  5.4      1.5      0.0      22.6    Buy Back case
www.scstrade.com

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