Author Topic: Auto Sector  (Read 186034 times)

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Offline nadeemkhaliq

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Re: Auto Sector
« Reply #499 on: April 11, 2015, 03:58:01 PM »
Agtl also looks attractive

Pakinvestorsguide

Re: Auto Sector
« Reply #499 on: April 11, 2015, 03:58:01 PM »

Offline syeduzair

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Re: Auto Sector
« Reply #500 on: April 11, 2015, 04:52:42 PM »
Nadeem bhai ap shayad Tezi mandee pe nhi ho..udher ik mashwara manga tha..ap b jawab dedo..

"MASHWARA REQUIRED..

kia mai BIPL bech kar AUTO sector mai kood jaon monday ko subah subah?? BIPL 10 avg pe hai..agar rights ka gain minus kardun to 9.55 avg hojaega. jo ajki closing price b hai... I think AUTO mai zayeda faida utha sakta hun next week bipl ko chor kr... ASIM , WASIM, MANSOOR, NAUMAN, ONLINE88, FASEE, MAVERICK bhai or baki seniors kia khayal hai..suggestion den..

I have 100 MTL(645) , 50 HINO (982) right now.. AGTL/PSMC , HCAR, HINO mai koodne ka irada hai "

Offline nadeemkhaliq

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Re: Auto Sector
« Reply #501 on: April 11, 2015, 05:01:18 PM »
Hcar me ap ko 10 Bach sakte hen

Offline online88

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Re: Auto Sector
« Reply #502 on: April 11, 2015, 11:27:51 PM »
Syeduzair Bhai nadeem Bhai ney kaha hey to hcar buy kar Lein, I also planning to buy on Monday hcar , prl ka Bhi nadeem Bhai ney us waqt kaha tha jab yeh 154 per tha phir 200 touch ker k wapis aya, PAEL also still good

Offline syeduzair

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Re: Auto Sector
« Reply #503 on: April 11, 2015, 11:38:32 PM »
Syeduzair Bhai nadeem Bhai ney kaha hey to hcar buy kar Lein, I also planning to buy on Monday hcar , prl ka Bhi nadeem Bhai ney us waqt kaha tha jab yeh 154 per tha phir 200 touch ker k wapis aya, PAEL also still good

Thanks Online and Nadeem bhai  :biggthumpup:... PRL pe mene nazar he nh dorai phle.. or akhir mai rights k hawale se kuch picture clear nh hrhi thi kyu k 1st time XR pe share price kam hone ka scene aya tha mere samne...isliye nh lia last day.... wese Online bhai whats ur name??  :D

Offline online88

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Re: Auto Sector
« Reply #504 on: April 11, 2015, 11:52:39 PM »
Syeduzair Bhai nadeem Bhai ney kaha hey to hcar buy kar Lein, I also planning to buy on Monday hcar , prl ka Bhi nadeem Bhai ney us waqt kaha tha jab yeh 154 per tha phir 200 touch ker k wapis aya, PAEL also still good

Thanks Online and Nadeem bhai  :biggthumpup:... PRL pe mene nazar he nh dorai phle.. or akhir mai rights k hawale se kuch picture clear nh hrhi thi kyu k 1st time XR pe share price kam hone ka scene aya tha mere samne...isliye nh lia last day.... wese Online bhai whats ur name??  :D
shoaib

Offline nadeemkhaliq

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Re: Auto Sector
« Reply #505 on: April 13, 2015, 04:45:48 PM »
Hcar me ap ko 10 Bach sakte hen
uzair r j happy now hcar upper cap today do u buy hcar today

Offline MZ

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Re: Auto Sector
« Reply #506 on: April 13, 2015, 05:08:15 PM »

The Bell
 
Autos: High tide continues with March volumes up 72% YoY

Volumes rise 72% YoY
Sales of automobiles for March registered at 21,147 units, surging by a whopping 72% YoY, buoyed by supernormal growth emanating from the taxi scheme. Growth was witnessed in sales of all three major assemblers with PSMC being the outperformer as sales of ex-taxi scheme variants also posted sizable gains with its cumulative volumes rising by 117% YoY. Overall industry’s 9MFY15 volumes have risen by 23% to 123,638 units.
PSMC shifts into high gear
PSMC’s volumes for the month of March clocked in at 12,982 units. While volumes from taxi scheme remained the major impetus (Ravi +248% YoY and Bolan +171% YoY), other variants (Mehran +44% YoY, Cultus +56% YoY and Wagon R +26% MoM) also posted sizable gains. Sales of INDU remained upbeat as demand for Corolla (+53% YoY) persisted during the month as well.
Steep QoQ volumetric growth to swell earnings in 3QFY15
Volumes of the industry have considerably jacked up during 3QFY15 which will likely result in steep growth in the bottom line of the industry during the period. Consequently, with stupendous volumetric growth to guide top line expansion coupled with favorable exchange rate movement shall likely result in steep accretion in bottom line for the industry during 3QFY15.

elixir

Offline MZ

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Re: Auto Sector
« Reply #507 on: April 13, 2015, 05:11:17 PM »
AKD Daily
 
Pakistan Autos_Mar’15 Review

 
According to the recently released PAMA numbers, total auto sales (cars+LCVs) for Mar’15 have been recorded at 21,147 units (+22%MoM/+72%YoY); with car sales reaching 16,806 units (+20%MoM/+63%YoY). Consequently, 9MFY15 car sales are up by 22%YoY to 105,344 units vs. 86,395 units sold in the same period last year. Amongst the local assemblers, PSMC (9MFY15 sales up 20%YoY) came out as a clear winner particularly helped by Punjab Rozgar Scheme followed by INDU (9MFY15 sales up 50%YoY). With policy rate at a multi-year low, we believe, going forward an increase in auto sales is plausible, particularly as auto financing picks up (growth of 27.3%YoY in Jan’15)  in a lower interest rate environment. PSMC & INDU remain our top picks within the auto space as they provides upside of 26% and 14% respectively.    .
Mar'15 sales review: Total auto sales (cars+LCVs) in Mar'15 have registered at 21,147 units (+22%MoM/+72%YoY) with car sales clocking in at 16,806 units (+20%MoM/+63%YoY). As a result, 9MFY15 car sales rose by 22%YoY to 105,344 units. At the same time, LCV/Pickup sales have increased up 32%YoY in 9MFY15 to 18,294 units. Tractors continued their robust performance as Mar'15 sales reached 4,769 units (+19%MoM/+59%YoY). Cumulatively, 9MFY15 tractor sales grew by 41%YoY to 33,181 units with sales for AGTL and MTL up by 45%YoY and 35%YoY, respectively.
PSMC: The company sold 12,982 units in Mar'15 (+30%MoM/+117%YoY) to bring 9MFY15 sales to 66,651 units, up by 21%YoY. As expected sales picked up momentum from Jan'15 onwards on commencement of the New Year coupled with the Punjab Rozgar Scheme. PSMC remains our preferred play within the auto space on relatively un-stretched valuations, room to grow capacity utilization (currently ~60%) & guaranteed offtake under the GoP schemes and popularity in cities. PSMC currently trades at a CY15F P/E of 6.4x where our target price of PkR498.7/share implies a Buy stance. which shields the company from risks to rural incomes due to the ongoing commodity slump.
INDU: Mar'15 sales of 5,766 units are up 14%MoM/42%YoY led by Corolla, which saw sales of 5,196 units (+17%MoM/53%YoY) following launch of the new model while, after a brilliant last month, Hilux sales came off by 13%MoM/20%YoY to 497units in the month under review. Consequently, 9MFY15 INDU's sales are higher by 50%YoY to 40,141 units. At current levels, our target price of PkR1189.4/share implies an Accumulate stance.
HCAR: The company has sold 2,364 units in Mar'15 (+5%MoM/+20%YoY) where Civic sales are up by 11%MoM/8%YoY.  Consequently, HCAR's 9MFY15 sales have registered at 16,405 units (-2%YoY), clearly losing out to INDU's Corolla.
Investment Perspective: The listed auto space has gained 84.5%FYTD vs. the KSE-100 Index's returns of 9.1% over the same period. While we acknowledge that auto shares have rallied swiftly over the last year, we believe premium valuations are justified where the next 2-3yrs can potentially result in a compelling mix of strong margins and higher volumes. Going forward, we see a general volumetric uptick complementing sustained high margins, particularly as auto financing is expected to increase (currently growing at 25%YoY). In this regard we flag PSMC as our preferred  play where the scrip provides an upside of 26% against our TP of PkR498.7/share. 

Offline syeduzair

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Re: Auto Sector
« Reply #508 on: April 13, 2015, 06:05:28 PM »
Hcar me ap ko 10 Bach sakte hen
uzair r j happy now hcar upper cap today do u buy hcar today

no  :console: No Cash uswaqt.. BIPL baad mai uper aya....INSHALLAH will buy tommorrow... lkn HCAR,HINO dono ka lock khul gya tha aj last mai??

Offline GPR

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Re: Auto Sector
« Reply #509 on: April 13, 2015, 06:19:10 PM »
Y didnt psmc move today?

Offline Irfan

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Re: Auto Sector
« Reply #510 on: April 13, 2015, 07:07:21 PM »
Pakistan Automobiles
March’15 witnesses continued growth

Automobile sales rose to 26k units in March’15 against 16k units recorded in March’14 (69%YoY), taking 9MFY15 sales to 159k units, up 26% YoY. We attribute the ongoing growth momentum to healthy volumes in the passenger cars/LCV segment (up 72% YoY), and tractor segment (up 59% YoY) in March’15.

? We expect the uptrend to continue in the coming months, particularly driven by 1) Rozgar scheme and unwavering consumer interest in the new model of Corolla and 2) expected launch of new models by INDU and PSMC in FY16. Impact

Automobiles sales up 26% YoY in 9MFY15: During March’15, total automobile sales 69% YoY primarily due to 59% YoY growth in passenger cars/LCV and tractors segment. In 9MFY15, the cumulative sales stood at 26% YoY (159k units).

Passenger cars &LCV segment up 72% YoY: Major support to volumetric growth came from the Passenger cars & LCV segment which recorded impressive growth of 72%YoY to 21k units in March’15. This is primarily explained by 53% YoY growth recorded in Corolla and 206% YoY increase in Ravi and Bolan put together. The YoY growth in the two is attributable to the recently launched Rozgar scheme. Cumulative sales of the sector stood at 23% YoY in 9MFY15.
Strong demand in tractor segment continues: The tractor segment posted YoY increase of 59% in Mar’15 to 5k units, owing to lower base effect. To recall, tractors were subject to higher taxes last year. Over 9MFY15, the segment posted a robust increase of 37% YoY to 33k units. Al-Ghazi contributed considerably to the volumetric increase, as it recorded 37% MoM growth, while Millat’s volumes grew 6% MoM.
Player wise comparison: Amongst the players, INDU recorded 42% YoY growth in March’15, with primary growth coming from Corolla. The new model continues to enjoy strong patronage as it booked 53% YoY increase. In 9MFY15, the company booked 50% YoY growth (40k units). Overall performance of Suzuki remained strong, up 117% YoY in March’15. While this is primarily due to 206% YoY growth in its LCV segment, 56% YoY growth in Cultus provided added boost. In 9MFY15, the company recorded 20% YoY growth (67k units).

 On the other hand, Honda staged weak performance with 9MFY15 volumes clocking in a decline of 2% YoY. However, YoY growth remained encouraging at 20% in March’15.
Outlook
We foresee demand to continue , based on 1) strong demand for Corolla’s new model and Rozgar scheme and 2) expected launch of new models by INDU and PSMC as indicated in the newsflow. The former intends to introduce Yaris as a new addition, while the latter is to replace Cultus with Celerio in FY16. However, clarity on the upcoming Auto Policy is awaited to form a concrete view on the sector.

FS Securities

Offline syeduzair

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Re: Auto Sector
« Reply #511 on: April 15, 2015, 03:44:43 PM »
which auto companies use General Tyres?? i think every Toyota comes with General tyres..sahi??

General tyre ka result kesa expected hai itni achi auto sales k baad??

Offline Alpha

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Re: Auto Sector
« Reply #512 on: April 15, 2015, 06:56:29 PM »
which auto companies use General Tyres?? i think every Toyota comes with General tyres..sahi??

General tyre ka result kesa expected hai itni achi auto sales k baad??

Sahi, result depending upon the sale price to assemblers this quarter, if they happened to retain the price

result certainly will be good

Offline GPR

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Re: Auto Sector
« Reply #513 on: April 15, 2015, 08:25:44 PM »
Why is psmc so slow even after a big increase in sales?

Offline Alpha

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Re: Auto Sector
« Reply #514 on: April 15, 2015, 11:05:42 PM »
Why is psmc so slow even after a big increase in sales?

Yes that is what confusing me since 13th

Because of psmc movement made me think twice to go bullish in auto's

May be there is some confusion/negativity for auto sector in upcoming auto policy otherwise with the

numbers PSMC should have flown

Offline Loto or Photo

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Re: Auto Sector
« Reply #515 on: April 19, 2015, 11:39:02 AM »
Duty will be reduced on imported cars.................. :thumbsdown_anim:

http://e.dunya.com.pk/detail.php?date=2015-04-19&edition=LHR&id=1655411_62320926

Offline ksenewb

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Re: Auto Sector
« Reply #516 on: April 19, 2015, 06:09:29 PM »
Duty will be reduced on imported cars.................. :thumbsdown_anim:

http://e.dunya.com.pk/detail.php?date=2015-04-19&edition=LHR&id=1655411_62320926

Excellent, good opportunity to buy on dips.

Offline The_Dot

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Re: Auto Sector
« Reply #517 on: April 19, 2015, 08:23:02 PM »
If duty is reduced on imported cars, then it will be negative for local assemblers.
Every 'stock' has its day.

Offline syeduzair

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Re: Auto Sector
« Reply #518 on: April 23, 2015, 03:49:57 PM »
Seniors GTYR n MTL ka kia karun.. dono ne acha result post kia magar apni jagah pe itkay hain...hold rakhun ya nikal dun??

HCAR n HINO to hold hai result tk mere pass.. PSMC b kal nikal dun shayad result k baad.. q k jis tarah GTYR n MTL ka haal hai wese b uska na ho kahin