Pakistan Aluminium Beverage Cans Limited (PABC): Classic example of Warren Buffet’s economic moat - By IIS Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan Aluminium Beverage Cans Limited (PABC) is set to
list on PSX through an IPO, where we recommend investors to subscribe up to a
strike price of PKR 45/share, offering 20% upside to our estimated intrinsic
value of PKR 54/share (blended valuation of P/E & DCF). The IPO would be
different in nature as there would not be any capital raised but only a change
of hands in the ownership. Our investment thesis revolves around i) Growth
potential in both local and exports market, ii) Robust pricing power as major
raw material costs are pass through, iii) low CAPEX requirements for further
expansion, and iv) beneficiary of rising ESG focus of beverage companies and
investors.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font...
