Author Topic: PACE -- Pace (Pakistan) Ltd  (Read 132794 times)

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Toshi

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PACE -- Pace (Pakistan) Ltd
« Reply #-1 on: October 10, 2008, 01:17:06 PM »
All About Pace (Pakistan) Ltd
« Last Edit: January 26, 2012, 11:16:10 AM by M&M »

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PACE -- Pace (Pakistan) Ltd
« Reply #-1 on: October 10, 2008, 01:17:06 PM »

Offline Farzooq

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Re: PACE -- Pace (Pakistan) Ltd
« on: June 29, 2009, 11:43:23 PM »
FY10 Budget: Construction - Positive to Neutral                           Written as on June 29, 2009

Highlights

      •    Budgetary measures and impact - Positive to neutral

      •    Recommendation - PACE ‘Buy’ with TP of Rs21/sh.

 

In today’s Value Seeker, we are discussing the impact of the FY10 budget on the construction sector along with our recommendation.

 

Budgetary measures and impact - Positive to neutral

.   The construction industry would be impacted by the government’s measure of increasing CVT from 2% to 4%. 

.  However, the construction industry has been extended a favor in terms of no capital gains tax in the budget and the finalization is pending to be discussed with the provincial governments.

 

Recommendation - PACE ‘Buy’ with TP of Rs21/sh.

In the listed construction sector, PACE Pakistan would be significantly affected from the recent increase in the CVT as 1) the company's on-going projects have already been sold out (receiving payments in installments in line with projects' completion coupled with initial down payments of around 15-20%) and 2) the amounts involve large payments towards which the counterparty may not be very sensitive. However, CVT increase would impact individual level small scale deals with lowering trading volumes with an increase in tax being built in to the prices. We recommend ‘Buy’ on PACE Pakistan with a Dec-09 target price of Rs21/share.

 

Khurram Schehzad

kshehzad@investcapi tal.com

+92 21 520 8725
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Offline shoib bhai

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #1 on: August 06, 2009, 09:02:01 PM »
Farzooq Bhai,

Do you believe in the call for 21 by dec.

FY10 Budget: Construction - Positive to Neutral                           Written as on June 29, 2009

Highlights

      •    Budgetary measures and impact - Positive to neutral

      •    Recommendation - PACE ‘Buy’ with TP of Rs21/sh.

 

In today’s Value Seeker, we are discussing the impact of the FY10 budget on the construction sector along with our recommendation.

 

Budgetary measures and impact - Positive to neutral

.   The construction industry would be impacted by the government’s measure of increasing CVT from 2% to 4%. 

.  However, the construction industry has been extended a favor in terms of no capital gains tax in the budget and the finalization is pending to be discussed with the provincial governments.

 

Recommendation - PACE ‘Buy’ with TP of Rs21/sh.

In the listed construction sector, PACE Pakistan would be significantly affected from the recent increase in the CVT as 1) the company's on-going projects have already been sold out (receiving payments in installments in line with projects' completion coupled with initial down payments of around 15-20%) and 2) the amounts involve large payments towards which the counterparty may not be very sensitive. However, CVT increase would impact individual level small scale deals with lowering trading volumes with an increase in tax being built in to the prices. We recommend ‘Buy’ on PACE Pakistan with a Dec-09 target price of Rs21/share.

 

Khurram Schehzad

kshehzad@investcapi tal.com

+92 21 520 8725


Offline Admin

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #2 on: August 06, 2009, 11:04:25 PM »
Farzooq Bhai,

Do you believe in the call for 21 by dec.



No i dont
future of real estate is dull after the increase in cvt ,stamp duties and high interest rates

Offline javed

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #3 on: August 10, 2009, 10:20:41 PM »
Farzooq bhai aap Pace ka future kesa dekhtay hain till end of August and till the end of Dec 2009
Kindly Share your views....

Offline Admin

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #4 on: August 11, 2009, 12:36:47 AM »
Farzooq bhai aap Pace ka future kesa dekhtay hain till end of August and till the end of Dec 2009
Kindly Share your views....


pace is in pressure at the moment resistance 7.8
support 6.8

Offline javed

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #5 on: August 11, 2009, 12:38:33 AM »
Thanks

Offline 007

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #6 on: August 13, 2009, 05:14:02 PM »
monster volumes looks a buy on the charts

um@ir

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #7 on: August 18, 2009, 01:47:39 PM »
Buy Call !!!

Offline 007

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #8 on: August 18, 2009, 04:50:31 PM »
bought 10 K at 6.35 :o

and 10 K at 6.25 today ;D

I seen on the charts that it has good support on 6, and a v good profitability around 2 re eps expected for the year, but only thing is that it doesnt give any payout,

I was targeting 7.50, wht is your target U@mair sb

um@ir

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #9 on: August 19, 2009, 03:44:05 PM »
Well my buy call assumes the rationale, that downside - 5.48 while upside is around 7.40 It would test your patients.

Offline Karuli

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #10 on: August 19, 2009, 06:22:32 PM »
 Umair Bhai  i am searching you in Tezi mandee forum happy to search you.
 why you leave the Tezi mandee forum.

um@ir

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #11 on: August 20, 2009, 10:03:32 AM »
yaar, bus uder dil nehi lagta tha !!

Offline 007

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #12 on: August 25, 2009, 05:12:12 PM »
good volumes today, Hmmm

could we see some good activity soon

by the way when is result announcement anyone :(

um@ir

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #13 on: August 25, 2009, 06:32:25 PM »
Jan a jayee to Set ho jayee ga kaam !! abhee slow move de raha hai !! Board meeting Late he hote hai is ke normally ! profit entity hai dekhoo payout keya deta hai !!

Offline 007

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #14 on: August 26, 2009, 05:00:31 PM »
good vol today as well

sold 15K @ 6,65 bough back at 6.45


bara tarpa raha hai zalim

Offline 007

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #15 on: August 26, 2009, 05:01:21 PM »
but price is increasing with increasing vols

this is a good sign  ???

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #16 on: August 26, 2009, 09:50:56 PM »
worth a buy with stop at 6

Offline 007

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #17 on: August 31, 2009, 12:50:14 PM »
Laoo pace, maza a gaya agg tou  :o

um@ir

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Re: PACE -- Pace (Pakistan) Ltd
« Reply #18 on: August 31, 2009, 03:37:43 PM »
Laoo pace, maza a gaya agg tou  :o

gr8 !!
 ;D