External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Pakistan Automobiles: Sector Downgraded to 'Market Weight'

Thematic (Sector/Industry)

Pakistan Automobiles / Thematic (Sector/Industry)

<p>According to the latest figures released by Pakistan Automotive Manufacturers Association (PAMA), local car assemblers (including LCVs, Vans and Jeeps) managed to sell 23,341 units in October 2017, up 46% YoY and 24% sequentially. These are highest monthly sales ever and is due to recent change in import procedure as ongoing disruption in imports of used cars has contributed to strong demand. Cumulative industry sales during the first four months of FY18 exhibited 32% growth to 83,809 units. If…</p>

According to the latest figures released by Pakistan Automotive Manufacturers Association (PAMA), local car assemblers (including LCVs, Vans and Jeeps) managed to sell 23,341 units in October 2017, up 46% YoY and 24% sequentially. These are highest monthly sales ever and is due to recent change in import procedure as ongoing disruption in imports of used cars has contributed to strong demand. Cumulative industry sales during the first four months of FY18 exhibited 32% growth to 83,809 units. If…

Pakistan Automobiles: Oct'17 Auto Sales +46% YoY (+24% MoM)