Author Topic: HINO -- Hinopak Motors Ltd.  (Read 35898 times)

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Toshi

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HINO -- Hinopak Motors Ltd.
« Reply #-1 on: October 10, 2008, 03:32:52 PM »
All About HinoPak Motors Ltd.
« Last Edit: February 08, 2016, 03:49:33 PM by M&M »

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HINO -- Hinopak Motors Ltd.
« Reply #-1 on: October 10, 2008, 03:32:52 PM »

Toshi

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Re: HINO -- Hinopak Motors Ltd.
« on: January 15, 2010, 09:29:08 PM »
Symbol Code: HINO  Company Name: HINOPAK MOTORS LIMITED 
Profit/Loss: (N/A)  Amount: (N/A) 
Before/After Tax: After  Half/Full Year: (N/A)  Period: 12/31/2009 
Dividend: (N/A) %  Bonus Shares: (N/A) %  Right Shares: (N/A) % 
AGM Date: (N/A)  Book Closure From: (N/A) 
Book Closure To: (N/A)  Board Meeting Date: 01/25/2010 
General Info: Baord meeting at 12:00 p.m. To consider the condensed interim financial statements for the quarter ended December 31, 2009. 


Offline SBM

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Re: HINO -- Hinopak Motors Ltd.
« Reply #1 on: May 23, 2013, 01:57:42 PM »
I hate waking up.

Offline Pansota

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Re: HINO -- Hinopak Motors Ltd.
« Reply #2 on: May 31, 2013, 04:23:28 PM »
yeh lock o lock q ja raha hai?  :skeptic:

Offline ahmar131

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Re: HINO -- Hinopak Motors Ltd.
« Reply #3 on: July 27, 2013, 06:42:00 PM »
Qadir Bhai do you see any upside in HINO after 1st qtr result of 4.84 EPS? Thanks

Offline Salammembers

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Re: HINO -- Hinopak Motors Ltd.
« Reply #4 on: September 07, 2013, 08:35:24 PM »
any hino lover ?
kia below 110 safe lagta haay ?
recent mandee maay thora buy kaar k safe maay locked for 2-3 years
but after 13th sept significant price decline ka chance haay ,hoi tu
mazeed buy ka soochaay Gaay


Online MZ

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Re: HINO -- Hinopak Motors Ltd.
« Reply #5 on: September 07, 2013, 11:24:34 PM »
any hino lover ?
kia below 110 safe lagta haay ?
recent mandee maay thora buy kaar k safe maay locked for 2-3 years
but after 13th sept significant price decline ka chance haay ,hoi tu
mazeed buy ka soochaay Gaay

below 100 milay tu acha hy for long term. :skeptic:

Offline Salammembers

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Re: HINO -- Hinopak Motors Ltd.
« Reply #6 on: September 07, 2013, 11:42:25 PM »
any hino lover ?
kia below 110 safe lagta haay ?
recent mandee maay thora buy kaar k safe maay locked for 2-3 years
but after 13th sept significant price decline ka chance haay ,hoi tu
mazeed buy ka soochaay Gaay

below 100 milay tu acha hy for long term. :skeptic:

 :thanks:

Online MZ

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Re: HINO -- Hinopak Motors Ltd.
« Reply #7 on: October 30, 2013, 08:30:58 AM »
INTRODUCTION: Hinopak Motors Limited (HINO) was formed in 1986 by the collaboration of Hino Motors Japan & Toyota Tsusho Corporation with the UAE based group Al-Futtaim & PACO Pakistan. Following the disinvestments from sponsors Al-Futtaim & PACO Pakistan, Hino Motors Japan & Toyota Tsusho Corporation became the majority shareholders in 1998.

The Company is a subsidiary of the Hino Motors Limited and is listed on the Karachi & Lahore Stock Exchanges. In 1997, the Company obtained the ISO-9001 certificate. The Company is the first Pakistani automobile company to have been given this ISO certification. It also was the first Hino Motors Limited subsidiary to receive the ISO-9001 certification.

Hinopak Motors Limited has also acquired the ISO-14001 certificate in acknowledgement of its Environmental Management System. The Company has recently launched a line of vehicles that comply with the Euro Emission Standard making it the first automobile manufacturer in Pakistan to have undertaken this initiative.

Hinopak Motors Limited specialises in the assembly, manufacture and sales of heavy and medium sized vehicles. The Company produces Trucks, Buses and Specialised Vehicles from modern plants in SITE Area Karachi. Hinopak Motors is the first heavy vehicle automobile manufacturer in Pakistan to incorporate the 3S network of automobile sales & servicing. The Company leads the heavy vehicle industry in Pakistan and pioneered the export of buses from Pakistan.

It also participated in the Urban Transport Scheme during the last decade, when the government programme became one of the major revenue resources for the Company. Hinopak Motors focuses on the production of commercial Trucks & Busses which includes Roadliner Grand Cruise, Citiliner, Rapidliner, Metroliner, FB113KA, FF3HKKA among others. HINO is the market leader of the heavy vehicle industry with 65% share of the market and produced more than twelve hundred commercial vehicles in FY13.

HINO MOTORS JAPAN & TOYOTA TSUSHO CORPORATION Formed in 1910, Hino Motors Japan is the commercial vehicle arm of the Toyota Group. It is a world famous manufacturer of quality products built with the finest engineering expertise. The Toyota Tsusho Corporation was formed in 1948 as the trading company of the Toyota Group. With its vast network of offices across the world, Toyota Tsusho accumulated knowledge of world markets that helps Hinopak maintain a competitive position in not only its home market but also across the international automobile market.

PERFORMANCE BRIEF FY13 FY13 proved to be a tough year for HINO with sales declining both in terms of value and volume. Top line dropped by 14.1 percent year on year to Rs 7.5 billion from 8.8 billion last year. In terms of volume, truck sales fell by 349 units to 832, while bus sales fell by 50 units to 430 this year.

When compared to industry performance, HINO truck sales were in line with industry wide trend, as truck volume decline by 30 percent compared to a 20 percent industry decline. HINO bus sales, however, decreased by ten percent, when industry sales actually grew by three percent.

A year-on-year decline in cost of sales (as a percentage of net turn-over) by 37 bps proved to be the only ray of hope in a year of dismal sale volumes. The chassis production was the only business to record a profit of Rs 670 million, an increase of Rs 142 million from last year. Production of both buses and trucks recorded a cumulative loss of Rs 60 million, compared to a profit of Rs 66 million recorded in the previous year.

However, rising S&GA expenses could not sustain the respite brought by the fall in cost of sales. In absolute terms, distribution cost fell by nearly ten percent compared to FY12, but rose by 18 bps as a percentage of sales. Administrative costs also rose by 56 bps as a percentage of sales. Other income declined from Rs 114 million last year to Rs 71 million on account of reduced commission from associated company which declined by 44 million rupees.

PROFITABILITY Gross margin stood at 10.73 percent, recording a nominal year-on-year increase of 37 percentage points. However, the Company failed to sustain the thin lining of profitability as fixed costs rose with inflation. As a result, operating margin declined by 70 bps to 4.91 percent, halting the recovery in margins gained over the past 2 years.

A nearly 90 percent year-on-year decline in net taxation on the back of lower "tax other than temporary difference" head saved the bottom line, which improved by 5.3 percent year on year, with net margin improving by just 7 bps. The Company recorded an EPS of Rs 2.18. Return on equity improved marginally from 1.68 percent in FY12 to 1.73 FY13.

FUTURE OUTLOOK The Company blames exogenous factors as the main cause of the decline in growth and profitability. According to the Chairman review, "Inflation, power shortage, political turmoil coupled with law and order issues have continued upset Company's targets." However, management's insistence on having retaining market leadership in times of industry wide decline in demand are untrue, since the Company's volumes have consistently fallen more than those of industry, especially in the truck segment. Given these facts, doubts exist over management's confidence on retaining market share through innovation.

=========================================================================
HINOPAK MOTORS LIMITED
=========================================================================
Rs (mn)                       FY13     FY12     FY11      FY10       FY09
=========================================================================
Financial Performance
-------------------------------------------------------------------------
Sales-net                    7,528    8,767    9,282    11,128     12,151
Cost of sales               (6,721)  (7,859)  (8,545)  (10,738)  (10,872)
Gross profit                   808      908      737       389      1,279
Distribution costs            (296)    (328)    (279)     (289)     (428)
Administration expenses       (207)    (192)    (168)     (161)     (207)
Other income                    71      114       57        77        170
Other operating expenses        (6)     (10)      (4)       (1)      (20)
Profit from operations         370      492      342        15        794
Finance costs                 (325)    (319)    (302)     (146)     (679)
Profit before taxation          45      173       40      (130)       116
Taxation-net                   (18)    (148)     (71)      (18)      (46)
Profit after taxation           27       26      (30)     (148)        70
Other comprehensive income       1        2        0         0          0
Total comprehensive income      28       27      (30)     (148)        70
EPS (Rs)                      2.18     2.07    (2.43)   (11.94)      5.64
-------------------------------------------------------------------------
Source: Company Accounts
=========================================================================

=========================================================================
HINOPAK MOTORS LIMITED
=========================================================================
Rs (mn)                          FY13     FY12     FY11     FY10     FY09
=========================================================================
Financial Position
-------------------------------------------------------------------------
Share capital and reserves      1,562    1,530    1,479    1,504    1,668
Asset revaluation surplus       1,003    1,026    1,049      272      277
Non-current liabilities           114      137      120       82       43
Current liabilities             2,382    4,002    1,904    3,886    3,018
Total liabilities               2,496    4,138    2,024    3,968    3,062
Total equity and liabilities    5,061    6,694    4,553    5,743    5,007
Non-current assets              1,739    1,799    1,800      950      973
Current assets                  3,322    4,895    2,753    4,794    4,034
Total assets                    5,061    6,694    4,553    5,743    5,007
-------------------------------------------------------------------------
Source: Company Accounts
=========================================================================
=========================================================================
Year ending March                FY13    FY12     FY11      FY10     FY09
=========================================================================
Profitability & Return to Shareholders
-------------------------------------------------------------------------
ROCE                      %      1.0%    1.0%    (1.1%)    (8.0%)    3.5%
ROE                       %      1.7%    1.7%    (2.0%)    (9.9%)    4.2%
EPS (basic)             (Rs)     2.18    2.07    (2.43)   (11.94)    5.64
-------------------------------------------------------------------------
Solvency & Liquidity
-------------------------------------------------------------------------
Debt-to-Equity          times    0.04    0.05     0.05      0.05     0.02
Interest coverage       times    1.40    2.01     1.35     (1.71)    7.78
Current ratio           times    1.39    1.22     1.45      1.23     1.34
Quick ratio             times    0.48    0.62     0.55      0.47     0.53
-------------------------------------------------------------------------
Activity
-------------------------------------------------------------------------
Total asset turnover    times    1.49    1.31     2.04      1.94     2.43
Fixed asset turnover    times    4.39    4.92     5.18     12.08    12.74
=========================================================================

Offline Salammembers

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Re: HINO -- Hinopak Motors Ltd.
« Reply #8 on: November 22, 2013, 03:01:56 PM »
any hino lover ?
kia below 110 safe lagta haay ?
recent mandee maay thora buy kaar k safe maay locked for 2-3 years
but after 13th sept significant price decline ka chance haay ,hoi tu
mazeed buy ka soochaay Gaay
  sabar is usually sweet at kse in low risk item as long as entry time is decent :bangin: :bangin: :bangin:

Offline SBM

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Re: HINO -- Hinopak Motors Ltd.
« Reply #9 on: November 22, 2013, 05:49:21 PM »
I hate waking up.

Offline SBM

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Re: HINO -- Hinopak Motors Ltd.
« Reply #10 on: January 23, 2014, 02:33:26 PM »
« Last Edit: January 23, 2014, 03:50:40 PM by SBM »
I hate waking up.

Offline bilal

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Re: HINO -- Hinopak Motors Ltd.
« Reply #11 on: January 23, 2014, 02:42:12 PM »
awesome result.

AOA, SBM sir what do u think about stock price of HINO in future?

Online Alpha

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Re: HINO -- Hinopak Motors Ltd.
« Reply #12 on: January 23, 2014, 06:49:12 PM »


All last 3 q's results unbelievable especialy jul-sep & oct-dec

Missed missed missed  huhu

Offline SBM

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Re: HINO -- Hinopak Motors Ltd.
« Reply #13 on: January 23, 2014, 10:11:06 PM »


All last 3 q's results unbelievable especialy jul-sep & oct-dec

Missed missed missed  huhu

i missed too.. last result keh baad wali rally was uninterrupted caps, couldnt buy it anyway
I hate waking up.

Offline MMQ

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Re: HINO -- Hinopak Motors Ltd.
« Reply #14 on: May 07, 2014, 03:40:13 PM »
any particular reason why it hit lower cap today? :confused1: :confused1:

Offline MMQ

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Re: HINO -- Hinopak Motors Ltd.
« Reply #15 on: May 08, 2014, 04:34:07 PM »
any help?

Offline MMQ

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Re: HINO -- Hinopak Motors Ltd.
« Reply #16 on: May 19, 2014, 02:57:33 PM »
Finally chal para... :clap1: :clap1:

Offline naumaan

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Offline DEVDAS

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Re: HINO -- Hinopak Motors Ltd.
« Reply #18 on: May 23, 2014, 09:54:27 PM »
Record earning & record dividend.  ::) :shoaby: :dance
Analyst is an expert who will know tomorrow why what he predicted yesterday didn't happen today!

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