Equity Analysis /

Friesland Campina Engro Pakistan: ENGRO FOODS: Challenging outlook warrants caution; Hold

    Tellimer Research
    24 July 2018
    Published byTellimer Research
    This Pakistan food sector update is the first in a series of joint reports from Exotix Capital and its research partner in Pakistan, Intermarket Securities (IMS), as we bring together our coverage. EFOODS' three-month share price return is down by c14%, which is a fair reflection of competitive, regulatory and company-specific risks, in our view.