Pakistan Food_Pakistan Listed Food Manufacturers' Conference, (AKD Daily, Oct 06, 2021)
AKD Daily
Pakistan Food: Pakistan Listed Food Manufacturers’ Conference
- AKD Securities Ltd. organized Pakistan listed Food Manufacturers’ Conference where some of leading local food manufacturers, namely PREMA, BNL, TOMCL, UNITY and NATF participated and shed light on industry’s and their company’s outlook over medium and long term.
- The managements of all the companies showed concern over rising prices of global commodities and its likely impact on local market. In past, the local food manufacturers have raised their prices in line with food inflation and expect to increase their prices by 8-10% in FY22 to pass on the rising costs to consumers.
- The companies showed optimism regarding their expansion plans in the local market (PREMA, BNL, UNITY) as well in international markets (TOMCL, NATF).
- Competition from unregistered manufacturers and counterfeit products remains a key challenge for all the registered companies. Nevertheless, the companies seem confident about their outlook and future potential as exhibited by double digit growth in topline by PREMA (+41%YoY), BNL (+22%YoY), TOMCL (+21%YoY), NATF (+20%YoY) whereas UNITY has depicted a whopping growth of 134%YoY in 9MFY21.
AKD Research
National Foods Limited is a Pakistan-based multi category foods company. The Company is principally engaged in the manufacture and sale of food products. The Company offers approximately 250 products in over 10 categories. The Company offers recipe masala jars, pickles, frozen meals, ketchup, jams, rice, basic spices, salt, chutneys and sauces, golden fried onions, and ginger and garlic pastes. It also offers desserts, which include sweets, such as kheers and faloodas, and contemporary desserts, such as jellies and custards. In addition, the Company offers a range of approximately 50 recipes, such as biryanis, curries, barbeque items and kababs. It offers a range of savory snack mixes and seasonings, such as chat masala, dahi bara and pakora, and masala snax, including chilli chips, barrek sev, Karachi mix and moong dal. The Company's subsidiaries include National Foods DMCC, National Foods Pakistan (UK) Limited and National Epicure Inc.
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.
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