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Pakistan Aluminium Beverage Cans Limited (PABC): 3Q Results Preview – By Spectrum Research

  • By: Spectrum Securities (Private) Limited

  • - Published: Tuesday, 22 October 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">PABC will announce its 3Q earnings on Monday, Oct 28, 2024. Yesterday, its share price moved into new high territory (previous intraday high of 83) after its price jumped 10% to upper cap to 86.65, but closed the day at 83.67 with total trade volume of 1.08million. Today, its share price opened higher with intraday high at 85.9, which was followed by slow decline in thin volume and close at 82.5.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">PABC is the only aluminum can manufacturer in Pakistan (plant located in special economic zone of Faisalabad, Punjab) with installed capacity of 1.2 bn cans annually. The company started with 700million can capacity in 2017, which was expanded to 950 millio...

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