Siddiqsons Tin Plate Limited (STPL): Post Expansion: High reliance on duty structure – By ASDA Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Siddiqsons Tin Plate Limited (STPL) has announced their expansion of a CRC Complex. The company has offered 151mn right shares at PKR 12/sh. STPL held it&rsquo;s analysts briefing on 10th May to discuss about this expansion.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The company is setting up a Cold Rolled Coil (CRC) Complex to manufacture CRC of their required gauges, which will then be used by their current plant to produce Electrolytic Tinplate (ETP). The company currently has a capacity of 120,000 MT of tinplate which they have not been able to efficiently utilize. The capacity utilization was 20%/20%/16% in 2015/16/17 respectively</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font...