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>Car sales in Pakistan totaled 8,699 units in Aug 2024, reflecting a 15% YoY and 1% MoM increase in sales, as reported by PAMA. This takes 2MFY25 sales to 17,288 units a 36% YoY rise from 12,670 units in 2MFY24.</li><li>The increase in auto sales is due to newer variants in the market and a lower base effect.</li><li>Sazgar Engineering (SAZEW) saw the most significant rise of 606% YoY and 9% MoM to 953 units in Aug 2024. This marks the second-highest monthly sales for SAZEW, just behind the 967 units sold in Jan 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.

Car sales in Pakistan totaled 8,699 units in Aug 2024, reflecting a 15% YoY and 1% MoM increase in sales, as reported by PAMA. This takes 2MFY25 sales to 17,288 units a 36% YoY rise from 12,670 units in 2MFY24.The increase in auto sales is due to newer variants in the market and a lower base effect.Sazgar Engineering (SAZEW) saw the most significant rise of 606% YoY and 9% MoM to 953 units in Aug 2024. This marks the second-highest monthly sales for SAZEW, just behind the 967 units sold in Jan 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.

Pakistan Automobiles: Car sales rose 15% YoY and 1% MoM in Aug 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

<ul><li>Pakistan car sales (as reported by PAMA) clocked in at 9.4K units down 3% MoM and 1% YoY in Mar-2024. Including Non-PAMA members car sales clocked in at ~10.5K down 3% MoM while up 1% YoY in Mar-2024.</li><li>Honda Atlas Cars (HCAR) recorded strong growth of 44% MoM and 162% YoY to 2,188 units in Mar-2024 due to the low base effect as company shut down its plant during the same period last year.</li><li>However, Pak Suzuki (PSMC) and Indus Motors (INDU) both recorded 16% MoM fall in car sales in Mar-2024. Hyundai Nishat Motor recorded sales of 582 units, down 30% YoY while up 3% MoM.</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 9.4K units down 3% MoM and 1% YoY in Mar-2024. Including Non-PAMA members car sales clocked in at ~10.5K down 3% MoM while up 1% YoY in Mar-2024.Honda Atlas Cars (HCAR) recorded strong growth of 44% MoM and 162% YoY to 2,188 units in Mar-2024 due to the low base effect as company shut down its plant during the same period last year.However, Pak Suzuki (PSMC) and Indus Motors (INDU) both recorded 16% MoM fall in car sales in Mar-2024. Hyundai Nishat Motor recorded sales of 582 units, down 30% YoY while up 3% MoM.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

Pak Suzuki Motor Company Limited manufactures, assembles and markets Suzuki cars, pickups, vans and 4 X 4 vehicles.

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Pak Suzuki Motor (PSMC PA)

Pakistan Automobiles: Car sales rose 15% YoY and 1% MoM in Aug 2024

Car sales in Pakistan totaled 8,699 units in Aug 2024, reflecting a 15% YoY and 1% MoM increase in sales, as reported by PAMA. This takes...

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

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

Pakistan car sales (as reported by PAMA) clocked in at 9.4K units down 3% MoM and 1% YoY in Mar-2024. Including Non-PAMA members car...

Topline Securities

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