International Steels looks attractive at this level.
We initiate International Steels Limited (ISL) coverage with a BUY rating. Our Jun 25 target price for the stock stands at PkR 134/sh, offering a potential upside of 52% along…
We initiate International Steels Limited (ISL) coverage with a BUY rating. Our Jun 25 target price for the stock stands at PkR 134/sh, offering a potential upside of 52% along…
Dealers in Pakistan are planning to go on strike, which may significantly impact the sales and distribution of cement in Pakistan. The strike is in response to negative Federal Budget…
Mughal is focusing on cost efficiencies, such as installing a non-ferrous recycling plant and investing in a coal-based power plant, which will not only provide cheap electricity but also reduce the tax rate.
Khalid Tawab, Chairman of the Iron & Steel Merchants Association, warned that the Pakistani economy is at risk and industries are on the verge of collapse due to uncompetitiveness with…
Chairman of FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday…
Cement despatches declined by 12.58% in June 2024. Total Cement despatches during June 2024 were 3.552 million tons against 4.063 Million Tons despatched during the same month of last fiscal…
Topline Pakistan Research believes that Lucky Cement (LUCK) is heading for growth through business diversification. The analyst recommended a buy call for it. We reiterate our “BUY” stance on Lucky…
Pakistan's local cement dispatches will likely be down 19-21% YoY and 16-18% MoM to clock in at around 2.78mn tons in June 2024. Local cement dispatches on a YoY basis…
The cement industry in Pakistan faced significant challenges in FY24, as reported by the central bank. The financial year data represents ten months. The State Bank of Pakistan (SBP) released…
Cement despatches increased by 7.83% in May 2024. Total Cement despatches during May 2024 were 4.275 million tons against 3.965 Million Tons despatched during the same month of last fiscal…
BMA Capital organised a webinar with the CFO of DG Khan Cement Company (DGKC), Mr Inayat Ullah Niazi. The webinar focused on the company’s financial performance and its outlook. The…
Mughal Iron & Steel Industries Ltd (MUGHAL) – Key Takeaways At the Topline Pakistan Mid Cap Call Conference 2024 second session on Mughal Steels Limited (MUGHAL), the key speakers were…
The cement data for the upcoming month of May’24 is expected to reveal a significant rise of 1.4% YoY in dispatches, settling at 4.0mn tons. This projection, when compared to…
In a notice recently, the National Tariff Commission (NTC) announced that it has decided to continue the anti-dumping duty of 19.15% on imports of steel rebars from China. The decision is…
Cement dispatches slightly declined in April 2024. Total Cement dispatches during April 2024 were 2.943 million tons, compared to 2.951 Million Tons dispatched during the last fiscal year. According to…
All Pakistan Cement Manufacturers Association (APCMA) has expressed serious concerns about the deteriorating law and order situation, which is threatening their heavy investments. "The law and order situation in Dera…
MUGHAL has posted 3QFY24 NPAT of PKR103mn (EPS: PKR0.31), down 92% YoY and 87% QoQ. The result was significantly lower than our expected EPS of PKR 1.85, where the deviation…
The All Pakistan Cement Manufacturers' Association (APCMA) welcomes the recent statement by the Honorable Prime Minister of Pakistan on the implementation of the track and trace system by the Federal…
Amreli Steels Limited (ASTL) reported an NLAT of PKR666mn (LPS: PKR2.24) in 3QFY24, compared to PKR462mn (LPS: PKR1.55) in the previous quarter. Due to lower-than-expected gross margins, the result was…
The board of DGKC will announce its 3QFY24E result on Friday. We expect the company to post a PAT of PkR653mn (EPS: PkR1.49) compared to earnings of PkR403mn (EPS: PkR0.92)…
FCCL is expected to announce its 3QFY24E results on Apr 23rd, wherein we expect the company to post NPAT of PkR1.8bn (EPS: PkR0.73) vs. earnings of PkR2.7bn (EPS: PkR1.1) in…
According to Arif Habib Ltd Sales, today's strong moves in the cement sector saw the KSE-100 push further into unchartered territory. 67 stocks rose while 24 fell, with ENGRO PA…
Pakistan cement producer and exporter - Power Cement Ltd has dispatched its first shipment to the USA. This shipment follows the start of exports to Europe. On 27 December 2023,…
Cement dispatches increased by 3.85% in Mar 2024. Total Cement dispatches during Mar 2024 were 3.941 million tons against 3.795 Million Tons dispatched during the same month of last fiscal…
Cement dispatches declined by 19.22 % in February 2024. Total Cement dispatches during February 2024 were 3.259 million tons against 4.035 Million Tons dispatched during the same month of last…