I think the price reduction here is only partly in line with the general sentiment being experienced by many companies on the Stock Market. Without going into great detail here, Pakistan's economy is in quite a lot of trouble. A recent update report from the World Bank stated that any sustainable recovery will be difficult due to "long standing structural weaknesses of the economy including low investment, low exports and low productivity growth". I think that's probably making some investors quite nervous. So, although their performance and growth continues to be solid, there are economic issues inside the country here that cause me to hold a small quantity of shares only.
FDV Price at posting:
$1.09 Sentiment: Hold Disclosure: Held
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