ZAHT trades at a PE multiple of less than 4 without any solid reason. It is a composite unit having around 41000 spindles, 280 looms and 100 stitching machines. With expansion of their spinning unit. the total spindles will increase by 50,000 to 91,000 spindles by Sep 2015. The EPS will grow by close to PKR 2.4/share.
This share can easily touch PKR 30 before the next annual result.