External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

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Equity Bottom-Up

Maple Leaf Cement Factory / Equity Bottom-Up

<ul><li>MLCF announced its 4QFY23 financial result today, where company reported loss of Rs413mn (LPS: Rs0.38) in 4QFY23 vs profit of Rs232mn (EPS: Rs0.22) in 4QFY22.</li><li>This takes full year FY23 profit after tax to Rs5,771mn (EPS: Rs5.38) compared to Rs4,553mn (EPS: Rs4.24), up 27% YoY due to better retention prices.</li><li>MLCF’s 4QFY23 result came below industry expectations due to higher-than-expected tax expense.</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.

MLCF announced its 4QFY23 financial result today, where company reported loss of Rs413mn (LPS: Rs0.38) in 4QFY23 vs profit of Rs232mn (EPS: Rs0.22) in 4QFY22.This takes full year FY23 profit after tax to Rs5,771mn (EPS: Rs5.38) compared to Rs4,553mn (EPS: Rs4.24), up 27% YoY due to better retention prices.MLCF’s 4QFY23 result came below industry expectations due to higher-than-expected tax expense.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.

Maple Leaf Cement (MLCF): Announces second buy back of 100mn Share (Rs2.9bn)

Thematic (Sector/Industry)

<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

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Maple Leaf Cement Factory (MLCF PA)

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Maple Leaf Cement (MLCF): Announces second buy back of 100mn Share (Rs2.9bn)

MLCF announced its 4QFY23 financial result today, where company reported loss of Rs413mn (LPS: Rs0.38) in 4QFY23 vs profit of Rs232mn (EPS:...

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