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

<ul><li>Lucky Cement plans to expand solar capacity at its Karachi plant by 15MW, which will take its total installed solar capacity to 89.3MW upon completion.</li><li>International operations remain a key growth area, with around 15.6MTPA of cement capacity in Pakistan and 5MTPA outside Pakistan, including Congo and Iraq.</li><li>We maintain our BUY call with a FY27F PE of 5.8x.</li></ul>

Lucky Cement plans to expand solar capacity at its Karachi plant by 15MW, which will take its total installed solar capacity to 89.3MW upon completion.International operations remain a key growth area, with around 15.6MTPA of cement capacity in Pakistan and 5MTPA outside Pakistan, including Congo and Iraq.We maintain our BUY call with a FY27F PE of 5.8x.

Topline Flash Note: Lucky Cement (LUCK) - AGM Key Takeaways