Earnings Report /
Pakistan

Pakistan textiles: 4QFY21 previews – Expect profits to sustain upward trajectory

  • We estimate the IMS Textile Universe to post core NPAT of PKR5.7bn up 10%qoq amid modest rise in Textile Exports

  • GATM and ILP are expected to lead the sector with, while NML is likely to drag overall profitability

  • We are Overweight on the sector, with Buy ratings on all scrips; prefer GATM (TP of PKR63/sh) and ILP (TP of PKR90/sh)

Abdul Ghani Mianoor
Intermarket Securities
4 August 2021