Karachi, May 16, 2012 (PPI-OT): PE snapshot: Pakistan’s lowest PE stocks at this juncture
Given peculiar conditions in Pakistan, the high risk profile is embedded in market price.
According to Standard Capital, this is the reason why Standard Capital’s good corporate sector offers lot of attractive opportunities given growth potential plus resulting earnings growth (15% ‐ 20%). Moreover, Pakistan also offers better dividend yield of 5.5% ‐ 6% which is rare thing in a developed world.
The holding company AHCL tops the list with prospect of lowest PE along with NCPL. Standard Capital’s pick include PSO (receivables play), MARI (production growth), NBP (renewed vision), EPCL (profitability in CY12), UBL (improved fundamentals), BAFL and ABL (earnings growth) etc.