Aisha Steel Mills Limited (ASL): We initiate our coverage on Aisha Steel Mills Limited (ASL) with a “BUY” Recommendation – By ZSL Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We initiate our coverage on Aisha Steel Mills Limited (ASL)
with a “BUY” recommendation based on the June’ 2019 Target Price of PKR 14 per
share. The stock is currently trading at PKR 9.63/share (as per Wednesday’s
close), thus giving us an estimated upside of approximately 45% for June’ 2019
in comparison to its current value.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Our long term view of steel sector remains highly favorable on
back of increasing demand growth. As of 2016, Pakistan has one of the lowest
per capita steel consumption amongst its regional peers after growing at
compound annual growth rate of 22% between 2011 and 2016. Demand for steel in
recent years has outst...
