Equity Analysis /
Pakistan

Kohinoor Textile Mills: Well-positioned but significantly mispriced; Buy

  • We reinstate coverage on KTML with a Buy rating and a June 2022 TP of PKR145/sh

  • Our liking emanates from the overall improvement in Textile demand and upcoming capacity enhancements

  • KTML is presently mispriced, where the market price implies a core textile value of PKR16/sh (c.80% discount)

Abdul Ghani Mianoor
Intermarket Securities
13 August 2021