Pakistan Stock Exchange (PSX): Pre-Conditions to Takeoff – By Chase Research
- Pakistan Stock Exchange (PSX):
- We are initiating coverage on the Pakistan Stock Exchange (PSX) with a fair value estimate of PKR 21 per share, derived using the Dividend Discount Model (DDM). At its current price, the stock offers a compelling 63.5% upside potential, factoring in the recently announced dividend of PKR 1 per share. PSX is currently trading at a forward P/E ratio of 8x and offers an attractive dividend yield of 10%, underscoring a strong investment case. We recommend a Buy.
- Our investment thesis is driven by several compelling factors:
- Increasing Stock Market Activity: D...
