Pakistan Cement_Highest ever sales for FY21, (AKD Daily, Jul 05, 2021)
AKD Daily
Pakistan Cement: Highest ever sales for FY21,
- Local cement sales had another bumper month, increasing by 22%YoY for Jun’21 as incentives provided to the construction sector continue to bear fruit with most of the increase being contributed by private sector.
- Overall, total cement dispatches for FY21 stood at 57mn tons – highest ever — increasing by 19%YoY where local dispatches increased by 20%YoY to 48mn tons buoyed by construction sector package while growth was amplified by low base due to COVID-19 related restrictions placed in 4QFY20.
- Coal prices continue to cause trouble, increasing by 35% since Dec’20 however local manufacturers have increased prices by PkR25-35/bag during last one month and we expect another increase of PkR20-25/bag to fully pass on the increase in coal prices.
- Even though sector has remained under pressure recently due to increasing coal prices, we expect the sector to come back into limelight in 1QFY22 where we continue our preference for LUCK (TP: PkR1289/sh, 44% upside) and MLCF (TP: PkR80/sh, 72% upside).
AKD Research
Lucky Cement is a cement manufacturing and distribution company which is based in Pakistan. Co. is engaged in the manufacture and sale of Ordinary Portland, Sulphate Resistant, and Slag Cement. Co.'s brand names included Lucky Cement, Lucky Star, Lucky Gold, Chairman, and Lucky Sulphate Resistant Cement. Co. maintains production facilities in Pezu (Production capacity: 13,000 tons per day) as well as in Karachi (Production capacity: 8,000 tons per day). In addition, Co. is engaged in developing export markets for bulk loose cement from Pakistan to the Gulf Countries, African Markets, and Far East Region including Nepal & Sri Lanka.
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.