TREET_FY22 Analyst Briefing Takeaways, (AKD Daily, Nov 25, 2022)
TREET: FY22 Analyst Briefing Takeaways
q Treet Corporation Limited (TREET) held its Corporate Briefing Session yesterday, wherein the management discussed the company’s financial performance during FY22 and the outlook of the company. To recall, the company posted earnings of PkR861.8mn (EPS: PkR4.82) for FY22 from its core operations, lower by 44%YoY.
q The company’s core business is the manufacture and sale of Razors and Blades. The company has also entered into the manufacturing of Batteries, Soaps, and Corrugated Boxes through its First Treet Manufacturing Modaraba (FTMM).
q In addition to this, the company also has a 12.57% stake in Loads Limited (LOADS), along with a 55.86% stake in Renacon Pharma Limited.
q The company has the highest market share in the razor and blades market of Pakistan, touting a market share of 80%. In addition to this, the battery segment reached a market share of 13% in 1QFY23.
q Core business earnings during the year had dropped by 44%YoY due to: i) lower revenues; ii) higher input costs, including higher raw material (CRC sheet) costs; and iii) absence of rupee valuation surplus on assets that was booked in the previous year, which brought other income down by 53%YoY.
Co. manufactures and sells razors and razor blades. Co. is also engaged in the business of bath soap. Co. manufactures and sells laundry and perfumed soap in connection with a joint venture.
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.