Equity Analysis /
Pakistan

International Steels Ltd: FY21 Analyst Briefing Takeaways

  • In the Analyst Briefing held today, the management provided key insights into the flat steel sector's outlook

  • ISL is evaluating the feasibility for an HRC plant, with a capacity of 1.2mn tons (estimated completion in 27 months).

  • We have a Buy rating on ISL with a June 2022 TP of PKR130/sh amid growing export and local demand.

Abdul Ghani Mianoor
Intermarket Securities
5 October 2021