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.

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<ul><li>Based on PAMA numbers, Car sales in Pakistan clocked in at 10,163 units in Nov 2024, reflecting a 57% YoY rise but a 22% MoM fall in sales. This takes 5MFY25 sales to 50,856 units a 51% YoY rise from 33,637 units in 5MFY24.</li><li>MoM decline is mainly due to the end-of-year effect, as buyers delay deliveries/purchase of the car in a bid to get new year registrations.</li><li>Sazgar Engineering (SAZEW) saw the most significant MoM fall of 42% to 584 units in Nov 2024. While, production of SAZEW remained almost flattish (down 1%) on MoM basis at 993 units.</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.

Based on PAMA numbers, Car sales in Pakistan clocked in at 10,163 units in Nov 2024, reflecting a 57% YoY rise but a 22% MoM fall in sales. This takes 5MFY25 sales to 50,856 units a 51% YoY rise from 33,637 units in 5MFY24.MoM decline is mainly due to the end-of-year effect, as buyers delay deliveries/purchase of the car in a bid to get new year registrations.Sazgar Engineering (SAZEW) saw the most significant MoM fall of 42% to 584 units in Nov 2024. While, production of SAZEW remained almost flattish (down 1%) on MoM basis at 993 units.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 Automobiles: Car sales fell by 22% MoM to 10.2K units in Nov 2024 amidst year end impact

<ul><li>Car sales in Pakistan clocked in at 10,297 units in Sep 2024, reflecting a 24% YoY and 18% MoM increase in sales, as reported by PAMA. The increase in car sales is driven by backlog of Suzuki cars which were delivered this month.</li><li>This takes 1QFY25 sales to 27,585 units a 31% YoY rise from 20,982 units in 1QFY24.</li><li>Sazgar Engineering (SAZEW) saw the most significant YoY rise of 174% but down 13% MoM to 827 units in Sep 2024, driven by Haval sales.</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.

Car sales in Pakistan clocked in at 10,297 units in Sep 2024, reflecting a 24% YoY and 18% MoM increase in sales, as reported by PAMA. The increase in car sales is driven by backlog of Suzuki cars which were delivered this month.This takes 1QFY25 sales to 27,585 units a 31% YoY rise from 20,982 units in 1QFY24.Sazgar Engineering (SAZEW) saw the most significant YoY rise of 174% but down 13% MoM to 827 units in Sep 2024, driven by Haval sales.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 Automobiles: Car sales rose by 24% YoY and 18% MoM in Sep 2024

<ul><li>Car sales in Pakistan totaled 8,589 units in July 2024, reflecting a 60% YoY increase and a 36% MoM decline in sales, as reported by PAMA.</li><li>In volumetric terms, the MoM decline in car sales can be primarily attributed to the increase in tax rates for vehicles (i.e. WHT) introduced in the FY25 budget. This led to pre-buying in June 2024 and as a result Jun 2024 number clocked in at 18 months high.</li><li>Hyundai Nishat Motor experienced the most significant MoM drop, with sales of 529 units-down 50% MoM and 7% YoY.</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.

Car sales in Pakistan totaled 8,589 units in July 2024, reflecting a 60% YoY increase and a 36% MoM decline in sales, as reported by PAMA.In volumetric terms, the MoM decline in car sales can be primarily attributed to the increase in tax rates for vehicles (i.e. WHT) introduced in the FY25 budget. This led to pre-buying in June 2024 and as a result Jun 2024 number clocked in at 18 months high.Hyundai Nishat Motor experienced the most significant MoM drop, with sales of 529 units-down 50% MoM and 7% YoY.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 Automobiles: Car sales fell 36% MoM due to pre buying in Jun 2024

<ul><li>Pakistan car sales (as reported by PAMA) touched 18 months high, recording sales of 13.3k units in Jun-2024, up 21% MoM and 120% YoY.</li><li>In volumetric terms, MoM jump in car sales is primarily due to an increase in the sales of Indus Motors (INDU) up 44% MoM to 2,957 units and Pak Suzuki (PSMC) up 15% MoM to 6,885 units in Jun-2024.</li><li>Hyundai Nishat Motor recorded sales of 1,059 units (up 55% MoM) and Sazgar Engineering (SAZEW) recorded sales of 871 units (up 12% MoM). However only Honda Atlas Cars (HCAR) recorded sales of 1,095 units which is down 8% MoM in Jun-2024.</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 car sales (as reported by PAMA) touched 18 months high, recording sales of 13.3k units in Jun-2024, up 21% MoM and 120% YoY.In volumetric terms, MoM jump in car sales is primarily due to an increase in the sales of Indus Motors (INDU) up 44% MoM to 2,957 units and Pak Suzuki (PSMC) up 15% MoM to 6,885 units in Jun-2024.Hyundai Nishat Motor recorded sales of 1,059 units (up 55% MoM) and Sazgar Engineering (SAZEW) recorded sales of 871 units (up 12% MoM). However only Honda Atlas Cars (HCAR) recorded sales of 1,095 units which is down 8% MoM in Jun-2024.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.

Car Sales Touched 18 Months High at 13.3k Units (As Reported by PAMA) In Jun-2024

<ul><li>Pakistan car sales (as reported by PAMA) clocked in at 10.5k units up 12% MoM and 135% YoY in Apr-2024.</li><li>The MoM jump in car sales is primarily due to an increase in the sales of Pak Suzuki (PSMC), where PSMC's Alto variant recorded a 64% MoM increase to 4,786 units in Apr-2024, the highest sales recorded after 15 months.</li><li>On a YoY basis, the significant jump in total car sales is attributed to a low base from last year amid plant shutdowns.</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 car sales (as reported by PAMA) clocked in at 10.5k units up 12% MoM and 135% YoY in Apr-2024.The MoM jump in car sales is primarily due to an increase in the sales of Pak Suzuki (PSMC), where PSMC's Alto variant recorded a 64% MoM increase to 4,786 units in Apr-2024, the highest sales recorded after 15 months.On a YoY basis, the significant jump in total car sales is attributed to a low base from last year amid plant shutdowns.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 Automobiles | Pakistan Car Sales at ~10.5k Units in Mar-2024, Down 3% MoM

Pakistan

Indus Motor Company Limited was created through a joint venture agreement between the House of Habib, the Toyota Motor Corporation and the Toyota Tsusho Corporation, in order to assemble, manufacture and market Toyota vehicles.  The company is also the sole distributor of Toyota vehicles in Pakistan.

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Indus Motor Company (INDU PA)

Pakistan Automobiles: Car sales fell by 22% MoM to 10.2K units in Nov 2024 amidst year end impact

Based on PAMA numbers, Car sales in Pakistan clocked in at 10,163 units in Nov 2024, reflecting a 57% YoY rise but a 22% MoM fall in sales....

Topline Securities

Pakistan Automobiles: Car sales rose by 24% YoY and 18% MoM in Sep 2024

Car sales in Pakistan clocked in at 10,297 units in Sep 2024, reflecting a 24% YoY and 18% MoM increase in sales, as reported by PAMA. The...

Topline Securities

Pakistan Automobiles: Car sales fell 36% MoM due to pre buying in Jun 2024

Car sales in Pakistan totaled 8,589 units in July 2024, reflecting a 60% YoY increase and a 36% MoM decline in sales, as reported by PAMA. In...

Topline Securities

Car Sales Touched 18 Months High at 13.3k Units (As Reported by PAMA) In Jun-2024

Pakistan car sales (as reported by PAMA) touched 18 months high, recording sales of 13.3k units in Jun-2024, up 21% MoM and 120% YoY. In...

Topline Securities

Pakistan Automobiles | Pakistan Car Sales at ~10.5k Units in Mar-2024, Down 3% MoM

Pakistan car sales clocked in at 10.5k units up 12% MoM in Apr-2024. On a YoY basis, the significant jump in total car sales is attributed to a low...

Topline Securities

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