External broker reports(aggregated public sources), Topline Securities

Topline Securities

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.

External broker reports(aggregated public sources)

Equity Bottom-Up

Maple Leaf Cement Factory / Equity Bottom-Up

<ul><li>Topline Securities hosted a Corporate Briefing Session (CBS) for Maple Leaf Cement (MLCF) today, where senior management discussed the recent financial performance and future outlook of the company.</li><li>As per the management margins to remain stable. Moreover, local Cement demand to grow at 3-5% in FY24.</li><li>Industry utilization level to hover around 57% in FY24 despite addition of another 3mn tons by Fauji Cement (FCCL) and Attock Cement (ACPL), management believes.</li></ul><p><em>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.</em></p>

Topline Securities hosted a Corporate Briefing Session (CBS) for Maple Leaf Cement (MLCF) today, where senior management discussed the recent financial performance and future outlook of the company.As per the management margins to remain stable. Moreover, local Cement demand to grow at 3-5% in FY24.Industry utilization level to hover around 57% in FY24 despite addition of another 3mn tons by Fauji Cement (FCCL) and Attock Cement (ACPL), management believes.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.

Topline Flash Note: Maple Leaf Cement (MLCF): Corporate Briefing Key Takeaways