Author Topic: Textile Sector  (Read 477571 times)

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Offline zelmc

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Re: Textile Sector
« Reply #2239 on: June 14, 2019, 05:22:51 PM »
Please share if anyone has got a report on the impact of withdrawal of zero rating regime on the earnings of major industry players like NML, NCL, GATM, FML, KTML, FZCM.

Pakinvestorsguide

Re: Textile Sector
« Reply #2239 on: June 14, 2019, 05:22:51 PM »

Offline kamranbutt_dada

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Re: Textile Sector
« Reply #2240 on: June 14, 2019, 08:06:15 PM »
Please share if anyone has got a report on the impact of withdrawal of zero rating regime on the earnings of major industry players like NML, NCL, GATM, FML, KTML, FZCM.

Profit margins will be reduced now on all of them but rupee devalue will pay its part on their exports.

Offline rameez1

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Re: Textile Sector
« Reply #2241 on: June 14, 2019, 10:42:09 PM »
The impact will be on the cash flows of textiles. I was speaking to an owner of one such textile export player, he said this is a withholding tax against which govt has issued units of promissory notes in Central Depository Company. Now the real issue is that these promissory notes don't have a secondary market like bonds which are treated as cash equivalent. Businesses are not accepting these promissory notes as payments.

Offline trader1

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Re: Textile Sector
« Reply #2242 on: June 15, 2019, 05:35:12 AM »
Textile is the largest export industry of Pakistan.

Price of dollar increased 50% from 100 to 153 Rs therefore this will also increase the revenue of textile 50%.

The loans taken by textile industry about 5 to 10 years ago can be easily paid if the APTMA and other associations have some common sense.

Offline trader1

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Re: Textile Sector
« Reply #2243 on: September 24, 2019, 10:51:14 AM »
Textile exports crawl up by 2.3% YoY in 2MFY20

September 23, 2019 (JS Research)

Textile exports (PBS data) increased by 7.0% MoM during Aug-2019 to US$1.19bn, compared to US$1.11bn in Jul-2019.
Compared to last year, textile exports declined by 5.3% YoY, where towels (-16.8% YoY), cotton cloth (-12.6% YoY) and bed wear (-10.6% YoY) were the major contributors to the decline.
During 2MFY20, textile exports inched up by 2.3% YoY, where the value added segments of Knitwear (+12.8% YoY) and Garments (+7.5% YoY) were major contributors towards the increase.


Offline cryptonian

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Re: Textile Sector
« Reply #2245 on: October 22, 2019, 12:25:22 PM »
any views on SHDT ? it's EPS is 26 with DPS of 5.20 and upcoming rights of 453%. Has any one gone through its annual report ? is it a good buy here ?