Pakistan Auto: Slimmer sales jump this January
Following a trimmed 4QCY18, a lean start to CY19 is seen with Jan’19 total industry sales of 23,140 units (+16%MoM/-6%YoY) consisting of 19,353 passenger cars (+20%MoM/-3%YoY), 3,185 LCVs & Pickups (-4%MoM/-12%YoY) and 537 Trucks (+78%MoM/-39%YoY), marking the slowest MoM move since Jan’07
For the passenger car segment, premium segment sales hunkered-on where 1300+ segment sales of 9,750 units (+49%MoM/+13%YoY) allowed premium players INDU/HCAR to record sales growth of +17%/+91%MoM and +16%/+3%YoY, whereas 800CC and below segment sales receded (4,318 units down 12%MoM/34%YoY), suppressing PSMC’s offtake (11,746 vehicles, 0%MoM/-15%YoY)
Cumulative 7MFY19 total industry sales of 147,352 vehicles (-4%YoY) constituted by 123,391 passenger vehicles (0%YoY), 19,589 LCVs & Pickups (-20%YoY) and 3,762 Trucks (-27%MoM), underpin a hampered commercial demand scenario where LCV, Pickups, Trucks and Buses account for 16.3% of industry sales vs. 19.4% in 7MFY18
Amongst major OEMs, 7MFY19 cumulative sales for PSMC/INDU/HCAR amount to 74,903/38,880/28,796 units shifting -10/+10/-2%YoY, as 1,300CC+ segment sales remained a bright spot (+11%YoY) with INDU and HCAR unit sales benefitting from the wider segmental lift
Pak Suzuki Motor is engaged in assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, and 4X4 vehicles. Co.'s product models include Baleno, Margalla, Mehran, Kyber, Ravi Pickup, Bolan Van and Potohar Jeep.
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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