External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Sazgar Engineering Works Limited / Equity Bottom-Up

Sazgar Engineering Works Limited (SAZEW PK)

<ul><li>The management of Sazgar Engineering Works (SAZEW) held it's corporate briefing today to discuss the financial results for FY25 and share the company's future outlook.</li><li>Floods did not significantly affect Sazgar’s supplies. As per the management, deliveries are usually impacted when the Karachi–Lahore road is closed, but this disruption was very limited during floods.</li><li>We maintain our BUY stance with SAZEW trading at FY26E PE of 5.6x and dividend yield of 3%.</li></ul>

The management of Sazgar Engineering Works (SAZEW) held it's corporate briefing today to discuss the financial results for FY25 and share the company's future outlook.Floods did not significantly affect Sazgar’s supplies. As per the management, deliveries are usually impacted when the Karachi–Lahore road is closed, but this disruption was very limited during floods.We maintain our BUY stance with SAZEW trading at FY26E PE of 5.6x and dividend yield of 3%.

Topline Flash Note: Sazgar Engineering Works (SAZEW) – Corporate Briefing Key Takeaways