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Team AKD Research
EUR 9.11 For Business Accounts Only

Pakistan Cable & Electrical_WHALE CY21 Analyst Briefing Takeaways,(AKD Daily, Dec 22, 2022)

AKD Daily

Pakistan Cable & Electrical: WHALE CY21 Analyst Briefing Takeaways,

  • Waves Home Appliances Limited held its analyst briefing yesterday to brief about 3QCY22 financial results and company’s future outlook. To recall, company posted PAT of PkR311mn (EPS: PkR1.16) for 3QCY22 vs. PAT of PkR238mn (EPS: PkR0.89) SPLY, up 30% YoY.
  • With regards to future strategy, company’s most notable development is the relocation of its Allama lqbal Town factory to near Central Park Society, Ferozepur Road, Lahore. With the construction already in progress (expected completion during 1HCY23), the total project cost is estimated PkR2.3bn (40% Land, 60% construction/setup costs), as per recently released credit rating report.
  • Company’s retail business i.e. Waves Marketplace Ltd, is currently operating 141 shops nationwide, with an extensive distribution network along with a dedicated field team.
  • The company also recently diversified into a real estate project at the existing factory premises, under the banner of  ‘Waves Builders and Developers Ltd’.

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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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