Equity Analysis /

Gul Ahmed Textile Mills Ltd: Corporate Briefing Takeaways

  • In the Corporate Briefing held today, GATM’s management painted a cloudy outlook for Pakistan’s exports in FY23

  • High inflationary environment in Pakistan is likely to GMs in check; revised EFS rates to elevate finance costs

  • GATM is relatively well positioned to post decent earnings in FY23. We have a Buy stance with a June 2023 TP of PKR61/sh

Abdul Ghani Mianoor
Intermarket Securities
30 June 2022


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