Lotte Pakistan PTA Ltd – Onlookers comment|CY10E P/E 2.8x

Posted on July 2, 2010

Company has some cash balance of around Rs 7bn at the end of 1Q-CY10. The company is also sitting at a cheap EV/EBITDA of nearly 1x and relatively less geared.  As for CY10 net earnings, LOTPTA’s financial charges are toned down; however, company is still geared apparently given new parent company namely KP Chemicals Group loan. This is [...]