Equity Analysis /
Pakistan

Amreli Steel: 4QFY21 analyst briefing takeaways

  • In the Analyst Briefing held today, management discussed the future outlook of the company for FY22

  • Sales volumes rose qoq amid strong demand for rebar, which is likely to be sustained in the coming quarters

  • We have a Buy rating on ASTL with a June 2022 TP of PKR60/sh

Abdul Ghani Mianoor
Intermarket Securities
13 August 2021