Earnings Report /
Pakistan

AGP Limited: 3QCY21 preview – Sandoz expected to be consolidated this quarter

  • We expect AGP to announce 3QCY21 EPS of PKR1.65, up 8% yoy and 15% qoq

  • We expect AGP to consolidate OBS Pvt. Ltd during the quarter, with a 65% equity stake.

  • We have a Buy rating and TP of PKR140 on AGP, which trades at a CY22f P/E of 12.8x.

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
27 October 2021