External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Pakistan total cement sales in Sep-23 are expected to decline by 5-9% YoY and 10-14% MoM.</li><li>Local dispatches are likely to decline by 9-13% YoY and MoM. Decline in sales could be attributed to rains in northern parts of the country, unavailability of transport due to cultivation of crops and one less working day due to holiday.</li><li>Considering these figures, the average daily domestic sales for the sector are projected to reach 113k tons/day in Sep-23, compared to the five-year average Sep sales of 124k tons/day.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan total cement sales in Sep-23 are expected to decline by 5-9% YoY and 10-14% MoM.Local dispatches are likely to decline by 9-13% YoY and MoM. Decline in sales could be attributed to rains in northern parts of the country, unavailability of transport due to cultivation of crops and one less working day due to holiday.Considering these figures, the average daily domestic sales for the sector are projected to reach 113k tons/day in Sep-23, compared to the five-year average Sep sales of 124k tons/day.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Cements: Local Cement Dispatches to Decline by 9-13% YoY and MoM in Sep-2023

<ul><li>Cement sales in Aug-23 are anticipated to increase by 23-27% YoY and 26-29% MoM. Local dispatches are likely to rise by 19-23% YoY and 25-29% MoM.</li><li>Considering these figures, the average daily domestic sales for the sector are projected to reach 113.5k tons/day in Aug-23, compared to the five-year average August sales of 100.6k tons/day.</li><li>The start of FY24 began on shaky ground as sales were lower in Jul-23 due to rainfall in most parts of the country. However, sales are expected to rebound in Aug-23 with MoM increase of 27% to 3.5mn tons, attributed to the low base effect. It's worth recalling that the country was affected by floods last year, which hampered construction activities in Jul-Aug 2022.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cement sales in Aug-23 are anticipated to increase by 23-27% YoY and 26-29% MoM. Local dispatches are likely to rise by 19-23% YoY and 25-29% MoM.Considering these figures, the average daily domestic sales for the sector are projected to reach 113.5k tons/day in Aug-23, compared to the five-year average August sales of 100.6k tons/day.The start of FY24 began on shaky ground as sales were lower in Jul-23 due to rainfall in most parts of the country. However, sales are expected to rebound in Aug-23 with MoM increase of 27% to 3.5mn tons, attributed to the low base effect. It's worth recalling that the country was affected by floods last year, which hampered construction activities in Jul-Aug 2022.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Cements: Local Cement Dispatches to Increase by 19-23% YoY in Aug-2023

Pakistan

Cherat Cement Company Limited manufactures, markets, and sells ordinary Portland cement and clinker in Pakistan. The company sells its products under the Cherat brand name. It also exports its products to Afghanistan and India. The company was incorporated in 1981 and is headquartered in Karachi, Pakistan.

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Cherat Cement Company (CHCC PA)

Pakistan Cements: Local Cement Dispatches to Decline by 9-13% YoY and MoM in Sep-2023

Pakistan total cement sales in Sep-23 are expected to decline by 5-9% YoY and 10-14% MoM. Local dispatches are likely to decline by 9-13% YoY and...

Topline Securities

Pakistan Cements: Local Cement Dispatches to Increase by 19-23% YoY in Aug-2023

Cement sales in Aug-23 are anticipated to increase by 23-27% YoY and 26-29% MoM. Local dispatches are likely to rise by 19-23% YoY and...

Topline Securities

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