Pakistan National Shipping Corporation (PNSC): Annual report takeaways – By AAH Research

  • By: Aba Ali Habib Securities (Private) Limited

  • - Published: Wednesday, 13 December 2017
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<ul><li><strong><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Business Profile:</span></strong><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;"> Pakistan national Shipping Corporation is primarily engaged in business of shipping (including charter of vessels), transportation of cargo, and other related services. Moreover, group is also engaged in renting out its properties to tenants. PNSC is currently trading at PKR 108.48 and its LTM PER is ~ 6.08x. BVPS/PBV (excluding revelation surplus) of the company is PKR 80.2/1.35x respectively.</span></li><li><strong><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Financial performance 1QFY18:</span></strong><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;"> Profitability of the company remai...

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