Karachi: Pak-Afghan border tensions ke baad Kohat Cement Company Limited (KOHC) ke share price mein takreeban 10% ki correction dekhi gayi hai. Analysts ke mutabiq, market ne is situation ke negative pehlu ko hadd se zyada highlight kiya hai.
Company management ne proactive qadam uthate hue coal sourcing Afghanistan ke bajaye ab international markets se karni shuru kar di hai, jabke Afghan exports sirf 2% sales ka hissa hain.
Analysts ne FY26E-FY28F ke earnings forecast mein 6-16% tak kami ki hai — jis ki wajah 2QFY26 mein zero exports, imported coal sourcing aur kamzor cement prices hain. Target price (TP) ko bhi 5% kam karte hue Rs130 tak revise kiya gaya hai (Dec-2026 base par).
Abhi KOHC ka stock FY27F P/E multiple 7.5x par trade kar raha hai, jo nayi TP ke muqablay mein 38% upside offer karta hai. Isi liye, analysts ne apni “Buy” rating ko dobara reaffirm kiya hai.
Management ke mutabiq company ke kuch aham triggers yeh hain:
- 28.5MW coal power plant ka expected COD 4QFY26 ya 1QFY27 mein
- Solar power capacity mein izafa 15.4MW se barhakar 20MW tak
- Domestic cement demand mein behtari
- Lahore mein commercial land development ka plan
KOHC ki strategic diversification aur energy efficiency projects company ke long-term growth prospects ko mazboot bana rahe hain.
