Interloop Limited (ILP): Avant Garde in Textiles – By Insight Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We initiate coverage on Interloop Limited (ILP) with a DCF based target price of PKR95/share (Dec&rsquo;21), which offers a potential upside of ~37%.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Globally, COVID-19 has affected overall trade activity, Pakistan being no exception to it, where textile exports shrunk by 40% during first few months of pandemic.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">However, recovery from the crisis is much faster than what we had expected earlier. This has given Pakistan an edge over its competitors as lockdown has resulted in diversion of orders which has bode well for the sector. As per news flows, textile sector utilization has n...