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The Market ! => Pak Equities => Topic started by: Learner7 on November 17, 2009, 12:10:15 PM

Title: Textile Sector
Post by: Learner7 on November 17, 2009, 12:10:15 PM
All related to textiles.
Title: Re: Textile Sector
Post by: Learner7 on November 17, 2009, 12:11:07 PM
Increase in cotton yarn prices: Textile sector witnessing bullish trend

LAHORE (November 17, 2009): The textile sector is witnessing a bullish trend with rising prices of cotton yarn internationally, especially with unusual demand both in India and China. The basic textile has come out of sluggish trends and booking heavy profits on external deals. This situation has led to the scarcity of cotton and cotton yarn locally, turning many power looms into bad situation besides inviting troubles to the value-added sector.
Title: Re: Textile Sector
Post by: Learner7 on November 17, 2009, 12:11:54 PM
Pakistan gets $300 million yarn export orders

KARACHI (November 17, 2009): When the country is facing a serious crisis of yarn prices the exporters have booked fresh orders of approximately 300 million dollars of cotton yarn, sources in textile industry told Business Recorder. At present, the country is facing high trend in cotton yarn prices, a vital raw material for textile industry, due to increasing export orders.
Title: Re: Textile Sector
Post by: Learner7 on November 17, 2009, 12:12:33 PM
High cotton, cotton yarn prices creating hurdles in meeting export target

FAISALABAD (November 17, 2009): Cotton prices on the domestic market are continuously increasing. Pakistan's yarn is cheapest in the world but the value added sector considers it costlier. High prices of cotton and yarn in Pakistan may not allow the made-up exporters to meet export orders, worth $1.5 billion for Christmas, from the European and American apparel markets. Pakistan's apparel industry would see further decline in exports in case no step is taken to check cotton and yarn exports, concerned quarters said. 
Title: Re: Textile Sector
Post by: Admin on November 21, 2009, 02:50:44 PM
Textile sector R&D claims: SBP to start paying remaining 60 percent
RIZWAN BHATTI
KARACHI (November 21 2009): The State Bank of Pakistan (SBP) has announced that it would pay the outstanding 60 percent dues of research and development (R&D) claims of textile exporters, which have been pending for last 17 months. The Ministry of Finance has already released Rs 5 billion to the central bank for payment of remaining R&D support programme for textile sector.

However, SBP was waiting for the ministry of textile directive and payment procedure. Sources in banking industry told Business Recorder on Friday that SBP, in consultation of the ministry of textile, has described detail procedure for the payment of outstanding 60 percent R&D claims and formally has asked banks to submit the pending R&D claims of textile sector.

Overall some Rs 10 billion R&D claims have bbeen pending since June 2008, Now, on the demand of textile, especially the apparel sector, the ministries of finance and textile have agreed to pay the remaining 60 percent amount of R&D claims.

Sources said that SBP, while issuing directive for payment of remaining amount, has asked the banks that they should submit only such claims for payment of R&DS to the extent of 60 percent differential in respect of such exporters whose 40 percent amount has already been paid earlier.

In addition, each claim will contain a request from exporter providing details of the claim against which 40 percent has already been received by him stating that the balance amount is receivable as full and final settlement of the claim. As per payment requirement each claim will invariably be accompanied by attested copy of ministry of textile industry registration certificate and that claims will only be accepted within the validity period of such certificates, sources said.

SBP has advised the banks that R&D claims should also contain undertaking by the Authorised Dealer for full 100 percent amount of claim and copy of the scrutiny sheet submitted earlier with the claim.

Release of R&D payment to textile exporters will be subject to verification of registration with the list of registered exporters, as provided by ministry of textile industry to the central bank. Sources said that current funds release by the ministry of finance would be sufficient for the pending R&D claims, as about Rs 500-600 million claims has been already rejected on technical grounds.
Title: Re: Textile Sector
Post by: Learner7 on November 23, 2009, 11:21:16 AM
First quarter of year: PTEA expresses concern over sharp increase in cotton, yarn exports

FAISALABAD (November 22, 2009): Chairman, Pakistan Textile Exporters Association (PTEA), Khurram Mukhtar and Vice Chairman Sohail Pasha, in a joint statement here on Saturday expressed their grave concern over unhindered increase in cotton and cotton yarn exports in the first quarter of the year.
Title: Re: Textile Sector
Post by: Learner7 on November 24, 2009, 04:33:28 PM
Textile Ministry directed to ensure availability of yarn in local market


ISLAMABAD (November 24, 2009): The Standing Committee of the National Assembly on Textile Industries has expressed concern over the non-availability of cotton yarn, and directed the ministry to take measures, ensuring adequate supply of yarn in the local market. The committee met under Haji Muhammad Akram Ansari in the Parliament House here on Monday to discuss the issue of price hike and non-availability of yarn in the country.
Title: Re: Textile Sector
Post by: Admin on November 25, 2009, 11:56:30 AM
Textile products export falls 4.72%
Export of major value?added textile products during the first four months of the current fiscal year declined, thereby giving an overall
impact of 4.72% fall in textiles. There were exports worth USD3.348bn of textiles during July?October period as against USD3.514bn
recorded in the corresponding period last year. Raw cotton and cotton yarn exports increased by 78.93% and 14.06% respectively, during
period under review, export of major value?added textile products declined.
Title: Re: Textile Sector
Post by: Learner7 on November 29, 2009, 11:31:47 PM
Yarn shortage affecting textile sector
November 28, 2009

ISLAMABAD — As the government has failed to resolve the yarn crisis, some 30 per cent work of the textile sector has been affected and majority of the textile units had close down due to the unavailability of the yarn from last few weeks, According to the sources, unavailability of yarn even at the higher prices is getting serious with the passage of every day and majority of the industries in Faisalabad and Jhang and other countries had left the working. If the current crises remain for next few weeks’ country would not available to fulfill its export targets, the sources added.

It is worth mentioning here that in the ongoing year production of cotton in the international market is not sufficient and countries like China are importing it from Pakistan, which is considered one of the main reason for the yarn shortage in the country.

The sources further said that every year Pakistan exports about 25 per cent of the yarn to the other countries, while this year the export expected to be 30 per cent, which could create problems for the local industries.

Meanwhile, different associations of the textile industry believed that exporting yarn is the reason for the unavailability and they are demanding of the government to impose ban on the export of yarn in order to provide commodity to the local consumers. Small Power Looms Association already threaten to observe countrywide strike in the month of December if government did not impose ban on the export of yarn.

Title: Re: Textile Sector
Post by: Learner7 on December 03, 2009, 02:26:48 PM
Pakistan - TDAP fails to register cotton, cotton yarn exports
 
03 Dec, 2009 - Pakistan   

Trade Development Authority of Pakistan (TDAP) has not so far established any setup to register the export of cotton yarn and cotton with it in line with the government's recent directions amid acute shortage of these two raw items on the local market.

According to sources on Tuesday the authority was immediately expected to set up a dedicated cell to register the export of cotton yarn and cotton to assess the impact of their increasing shortage in the local market on the textile garments output. After hue and cry and demands from textile value-added manufacturers and exporters the government however, did not impose a regulatory duty on yarn and cotton export instead asked TDAP to monitor the export of two major textile raw items.

According to sources, the authority is undergoing a reorganising phase which could be one along with other reasons that has held it back so far from doing so. "It may be the long-term plan therefore, TDAP is working on it very slowly. However, export of yarn and cotton is hurting the local textile garments sector badly," said a TDAP official on the basis of anonymity, when contacted.

The spinning millers who want higher volume of the raw items export for the consistent last three years of a lean period in terms of their export. Whereas the textile garments manufacturers and exporters find it difficult to arrange them for garments output to meet the export deadline for Christmas and New Year events in the western world.

The official said that there have been no such directions issued from the authority to its concerned departments to introduce mechanism for registering the exports of these raw materials.

A last meeting of the spinning millers, textile garments manufacturers-cum-exporters and the textile ministry in Islamabad remained inconclusive on the export of yarn and cotton. Textile minister shunned himself from deadlock between both spinner millers and textile garments exporters on the issue of yarn and cotton exports issue and clearly said that he has no control on the either party affair.

Later, on increasing pressure from the textile garments exporters, the government asked the TDAP to register export of yarn and cotton. Besides, a regularity duty, the textile garments exporters also demanded of the President Zardari to curb the export of yarn and cotton through an ordinance.

They want a complete restriction on the export of 32 count of yarn which is the primary raw items for the local textile garments sector, saying that a chaos from the shortage of raw item is likely to reduce the country's apparel exports. They also fear of the closures of industrial units in the country, which could result in a mass unemployment.
 
Title: Re: Textile Sector
Post by: Admin on December 04, 2009, 12:46:24 PM
Cumulative cotton arrivals up by 25%YoY

According to the latest numbers released by Pakistan Cotton
Ginners Association (PCGA), as of 1 December 2009, this
season’s cotton arrivals stood at 10.4mn bales versus 8.3mn
bales last year, translating to a significant growth of 25%. The
fortnightly cotton flows during 16 Nov- 1 Dec stood at 1.16mn
bales, almost flat YoY. Overall, these figures are encouraging
for Pakistan and we believe that the cotton production will
arrive at almost 13mn bales during the current season. As
cotton has a share of 2.2% of the total GDP, the 15%
expected growth during the current fiscal year will boost total
economic growth.
Title: Re: Textile Sector
Post by: Toshi on December 04, 2009, 11:24:37 PM
TDAP to monitor export of yarn

KARACHI: The Cabinet Committee on Textiles, after reviewing the present cotton and yarn situation and taking into account the export trends and local availability, has decided that the Trade Development Authority of Pakistan (TDAP) should monitor all exports of yarn through a system of registration of export contracts.

In pursuance of the committee decision, the Chief Executive of TDAP, Syed Mohibullah Shah, held a series of meetings with various stakeholders including representatives of downstream industries as well as APTMA and others to evolve a mutually acceptable system of registration keeping in view the principles enshrined in the committee decision.

Meanwhile, a final and joint meeting of all the stakeholders was held here on Friday at the head office of the TDAP in which details of the notification were discussed.

In the light of consensus reached and in pursuance of the decision of the Cabinet Committee on Textiles, TDAP has issued a notification for the registration of yarn export.

Now the exporters of yarn would file with TDAP the Registration Certificate aimed at collecting the information for fair and transparent monitoring of the export trade in yarn.

According to TDAP, a monitoring committee comprising two representatives of downstream and one each from APTMA, Karachi Cotton Association, State Bank of Pakistan and Customs will supervise its implementation.—APP
Title: Re: Textile Sector
Post by: Learner7 on December 09, 2009, 05:49:12 PM
APTMA assures value-added sector of yarn supply  
 
 
 
Wednesday, December 09, 2009
By By our correspondent
 
KARACHI: All Pakistan Textile Mills Association Chairman Anwar Ahmed Tata, expressing concern over registration of yarn export, has said monitoring of cotton yarn is already being done by the association.

Speaking at a press conference at the APTMA House on Tuesday along with other office-bearers, he said registration of cotton yarn export was time-consuming which would hamper shipments. There was no need of registration by government department, he said.

Tata assured the government and the value added sector that yarn was available in surplus quantity to meet requirements of the value added sector and protests by the textile value added industry against non-availability of yarn and proposed imposition of ban on yarn export were without basis.

He said the spinning industry was running and competing in the export market despite a 25 per cent shortage of raw cotton, which was met through import. Requirement of spinning industry was about 15.5 million bales annually whereas average production of cotton in the country was 12 million bales.

Tata said the spinning industry was facing shortage of raw cotton but they never demanded a ban on its export, adding it was expected that about one million bales or 8.5 per cent of total production of cotton would be exported this year.

He said more than 80 per cent of yarn produced in the country was exported one or the other way.

Production of cotton in the world this year was less than last year except for India, which has three million bales in surplus compared to its requirement.

In the local market, he said, cotton price increased by 31 per cent to Rs4,500 per maund from Rs3,400 in just two months.

Total production of yarn was about 2.9 million tons or 240,000 tons per month in 2006-07, three million tons in 2007-08 and 2.6 million tons or 215,000 tons per month in 2008-09, which was the year of recession.

Production of yarn in the four months of this year is around 240,000 to 245,000 tons with the re-opening of 20 closed mills.

Tata asked if the spinning industry could run and compete in the international market after importing about 25 per cent of raw material why not the value added sector could compete in the export arena.

He said the government had earmarked more than 90 per cent of the Rs40 billion incentive package in the textile policy for the value added sector.

The APTMA chairman asked the government not to intervene and take any short-term measures because the consequences would not only hurt the spinning industry but also the value added sector and the whole economy.

The Trade Development Authority of Pakistan, on the other hand, said APTMA had assured 100 per cent availability of cotton yarn in the local market.

A TDAP spokesman, in a statement, said APTMA had informed that total consumption of the value added sector was 120,000 tons per month, which could easily be met and only surplus quantity was being exported.
Title: Re: Textile Sector
Post by: Learner7 on December 09, 2009, 05:53:29 PM
Value-added textile sector to move SC for ban on yarn export

December 09, 2009


FAISALABAD - The value-added textile sector of the country has unanimously decided to file a writ petition in Supreme Court if the government fails to clamp ban on export of yarn within five days.

This was announced at a ‘Textiled Saviour Day Convention’ held here Tuesday under the aegis of Pakistan Textile Exporters Association and Pakistan Hosiery Manufacturers and Exporters Association in which 14 representative textile related associations participated.

The convention was told that competent lawyers are completing home work in this regard. These trade bodies included, Pakistan Exporters Association, Pakistan Hosiery Exporters Association, All-Pakistan Textile Processing Mills Association, Council of Looms Owners, All-Pakistan Textile Sizing Association, Pakistan Cotton Powerlooms Associations, Towel Manufacturers Association, Pakistan Cotton Fashion Apparal Association, Pakistan Ready Garments Association, Pakistan Cloth Merchants Association, Pakistan Apparal Forum, Pakistan Denim Manufactures Association, Sports Wear Exporters Association, Pakistan Ready made Garments Manufacturers and Exporters Association and All-Pakistan bed sheet and up-holstry Manufacturers Association.

Addressing the meeting, Chairman, Pakistan Apparels Association, Jawaid Balwani said that 350 members of the APTMA has made the entire textile sector as hostage. He said that all sections belonging to value added industry is diverting the attention of government toward excessive export of yarn and sky-rocketing prices of yarn and its non-availability in domestic market but nothing materialized so far.

He said that such state of affairs continued, lacs of textile sector workers would become jobless and demonstrate on roads and thus it would not be possible for the government to maintain law and order in the country. He said that these crisis in textile industry are due to faulty policies of the government. He told that Bangla Desh is earning 14 billion dollars per year from value added sector despite the fact that it do not produce cotton.

He said that today’s convention is the first step of the textile sector to save the value added sector and the country and announced that similar Convention would be held at Siakot, Karachi, Lahore and other cities.

 

Title: Re: Textile Sector
Post by: Toshi on December 09, 2009, 09:12:05 PM
Aptma warns govt against interference in free market

KARACHI: Anwar Ahmed Tata, chairman, All-Pakistan Textile Mills Association (Aptma), has warned that any government intervention in free market mechanism of yarn trade would be disastrous for the spinning industry as it had already suffered huge losses during the last two to three years.

Speaking at a press conference, the Aptma chief claimed that there is no shortage of yarn in the domestic market, but higher prices are disturbing the value-added textile sector which did not cover against their export contracts.

On an average, he said, there had been 50,000 tons production of yarn during the last 10 years, but the value-added textile sector never faced yarn crisis.

He, however, said that owing to cotton shortage in the world market which occurred due to short crop of China by one million bales and short crop of US by 1.2 million bales, cotton prices surged from 50 cents per lb to 80-90 cents per lb.

As a result of this, the Aptma chairman said prices of raw cotton in local market also soared from Rs3,200 per maund to Rs4,500 per maund.

‘If spinners are paying higher price for raw cotton, yarn prices are ought to move in sympathy,’ he added.

As market forces have driven yarn prices higher by 20 to 22 per cent, Mr Tata said it is natural that end product prices would also move higher. But if value-added textile industry entered export contracts without covering their position for yarn, it is their own mistake. He further said that it was a wrong business decision of the value-added textile sector which made them to suffer, if any, losses are being suffered by them and this is a normal phenomenon in trade deals.

He further said that it was out of question that the Aptma or its members would cause any damage to ancillary textile industry because they had been our biggest buyers of up to 80 per cent of yarn produced in the country.

If free market mechanism is allowed to work, he said, within next two months, entire price chain would adjust upward and the value-added textile industry would soon start getting better prices in the world market.

He said over the years spinners had been importing raw cotton to meet the shortage and on an average there had been import of around three million bales. But after importing raw cotton, the spinning industry managed to export and sustain itself.

The spinning industry, S M Muneer, former president of FPCCI, said does not get any subsidy or government support and it has to pay normal mark-up rate against refinance facility given to value-added textile sector.

Even after getting such concessions and facilities in case the value-added textile sector fails to compete, this indicates that there is a serious flaw in their working or business acumen.

Responding to a question, Anwar Ahmed Tata said that the condition of registration of export of cotton yarn would hamper exports as it is time consuming.

He further said that registration of contracts to monitor export of yarn introduced by the Trade Development Authority of Pakistan is already being done by Aptma for the last 15 years by fixing a minimum export price.

Anwar Ahmed Tata assured the government and the value-added sector that yarn is available in sufficient quantity for domestic consumption and the ongoing agitation for imposing ban on export of yarn has no ground.
Title: Re: Textile Sector
Post by: Toshi on December 11, 2009, 10:43:41 PM
Govt committed to promote textile sector’

ISLAMABAD: Federal Minister for Textile Industry, Rana Muhammad Farooq Saeed Khan has said that government is committed to developing Textile industry and maximum assistance would be provided to boost this important sector of our economy.

He stated this while chairing the 2nd meeting of Textile Policy Implementation Liaison Committee here. During the meeting different measures taken in 1st meeting of Textile Policy Implementation Liaison Committee were discussed.

On this occasion Rafiq Gondal, member of sub-committee, constituted in 1st meeting of committee gave detailed briefing regarding selection of associations for registration process.

Moreover, Zubair Motiwala, head of sub-committee also briefed about the issue of granting drawback to the EPZ-units.

On this occasion, different ideas and point of views were shared to the related matters.

Moreover, different suggestions and recommendations were given during the meeting.

Members of the committee deliberated upon various issues regarding Textile Policy Implementation. Likewise, updates on the registration process of yarn export also came under discussion.

Members of committee appreciated the efforts and progressive measures taken by the Ministry of Textile Industry.
Title: Re: Textile Sector
Post by: Learner7 on December 12, 2009, 01:16:10 AM
High yarn prices will effect the profitability of textile sector.

Another damper, hike in electricity prices. :(
Title: Re: Textile Sector
Post by: Toshi on December 12, 2009, 12:50:14 PM
Government not to ban cotton yarn export

KARACHI (December 12 2009): The federal government has turned down the proposal of value-added textile sector for imposing ban, or regulatory duty, on export of cotton yarn. Sources in the Ministry of Textile told Business Recorder on Friday that despite strong and continuous protest by the value-added textile sector, the federal government has decided not to impose a ban or regulatory duty on export of cotton yarn.

They said that Ministry officials have clearly conveyed this message to the representatives of value-added textile sector that the government has no plan to ban export of cotton yarn, as the government has already taken some preventive measures to curb export of cotton yarn.

"On the protest of value-added textile sector, the government has initiated monitoring of cotton yarn export by registering yarn export orders, and the Trade Development Authority of Pakistan (TDAP) is getting cotton yarn export orders registered before shipment of the commodity for past one week," they said.

They said that the government is closely monitoring export of cotton yarn and decided to take some action in case of massive increase in the export of commodity. However, imposition of a ban and regulatory duty is not included in the under-consider actions.

"In case of high growth in the cotton yarn export, the ministry of textile may impose a ceiling on its export by binding the exporters not to export the commodity more than the last fiscal year export. However, they said that there is a massive space for export of yarn and the ceiling may be imposed in the third or fourth quarter of the current fiscal year, if the export of commodity would surge to new peaks.

Sources said that some positive results of registration of cotton yarn export orders have been witnessed and the prices of yarn were gradually stabilising in the domestic market for last few days. Cotton yarn prices in the domestic market have stabilised during last three days as the spinning mills have been forced to get registered their export orders with TDAP.

"Although cotton yarn prices are stable in the local market since last Tuesday, the price of 20-single cotton yarn is still at Rs 880-900 per 10 pounds, which is all time high price in cotton trade history," sources said. They said that a meeting of textile policy implementation committee was held in Islamabad three days back, chaired by Textile Minister Muhammad Saeed Khan. The meeting was attended by representatives from value-added textile sector, besides government officials.

During the meeting, value added textile sector again demanded imposition of ban and regulatory on export of cotton yarn. However, the ministry turned down the demand and said that TDAP was already monitoring export of yarn and if the government observed that export was higher than last fiscal year, a ceiling would be imposed.
Title: Re: Textile Sector
Post by: Karuli on December 12, 2009, 03:09:29 PM
Government not to ban cotton yarn export

KARACHI (December 12 2009): The federal government has turned down the proposal of value-added textile sector for imposing ban, or regulatory duty, on export of cotton yarn. Sources in the Ministry of Textile told Business Recorder on Friday that despite strong and continuous protest by the value-added textile sector, the federal government has decided not to impose a ban or regulatory duty on export of cotton yarn.

They said that Ministry officials have clearly conveyed this message to the representatives of value-added textile sector that the government has no plan to ban export of cotton yarn, as the government has already taken some preventive measures to curb export of cotton yarn.

"On the protest of value-added textile sector, the government has initiated monitoring of cotton yarn export by registering yarn export orders, and the Trade Development Authority of Pakistan (TDAP) is getting cotton yarn export orders registered before shipment of the commodity for past one week," they said.

They said that the government is closely monitoring export of cotton yarn and decided to take some action in case of massive increase in the export of commodity. However, imposition of a ban and regulatory duty is not included in the under-consider actions.

"In case of high growth in the cotton yarn export, the ministry of textile may impose a ceiling on its export by binding the exporters not to export the commodity more than the last fiscal year export. However, they said that there is a massive space for export of yarn and the ceiling may be imposed in the third or fourth quarter of the current fiscal year, if the export of commodity would surge to new peaks.

Sources said that some positive results of registration of cotton yarn export orders have been witnessed and the prices of yarn were gradually stabilising in the domestic market for last few days. Cotton yarn prices in the domestic market have stabilised during last three days as the spinning mills have been forced to get registered their export orders with TDAP.

"Although cotton yarn prices are stable in the local market since last Tuesday, the price of 20-single cotton yarn is still at Rs 880-900 per 10 pounds, which is all time high price in cotton trade history," sources said. They said that a meeting of textile policy implementation committee was held in Islamabad three days back, chaired by Textile Minister Muhammad Saeed Khan. The meeting was attended by representatives from value-added textile sector, besides government officials.

During the meeting, value added textile sector again demanded imposition of ban and regulatory on export of cotton yarn. However, the ministry turned down the demand and said that TDAP was already monitoring export of yarn and if the government observed that export was higher than last fiscal year, a ceiling would be imposed.

Thanx Toshi Bhai
Title: Re: Textile Sector
Post by: Toshi on December 19, 2009, 11:31:21 AM
Capping yarn export to result in closure of 400 spinning mills: Aptma
RECORDER REPORT
LAHORE (December 19 2009): Chairman All Pakistan Textile Mills Association (Aptma) Punjab, Gohar Ejaz, on Friday said that quota restriction on export of yarn would lead to closure of 400 spinning mills, consequently rendering thousands of employees jobless.

Addressing a press conference here at Aptma Punjab office, he said that Aptma has conveyed its stance to the government and value-added sector clearly, and established its case with authentic statistics that any move to restrict the exports of yarn would be taken as worst decision on part of the government.

Any quota restriction on exports of cotton yarn would play havoc with the industry and the government should leave it to market forces, he added.

According to him, the textile spinning industry has procured its inputs on international prices & facing anti-dumping duties on import of its raw material. The measure/move to curb export of yarn would be tampering with Free Trade Mechanism, which would not be in the interests of cotton growers, spinning industry & textile value-added chain and would adversely affect export and national economy.

"There are surplus quantity of yarn in the market. Yarn prices have dropped by 10 to 15 percent in last few days. There is no issue of availability of yarn but the value-added sector is not willing to pay price," he added.

Gohar said the industry was already passing through a worst situation due to unprecedented load shedding of electricity and gas, high mark up rate and restrictions on import of raw materials, a phenomenon that has multiplied its cost of doing business. The spinning & weaving industry not entitled to concessionary finance, duty drawback or any other incentives, he added.
Title: Re: Textile Sector
Post by: Toshi on December 19, 2009, 11:33:23 AM
Bedwear manufacturers-cum-exporters forecast: 12 percent decline seen due to yarn shortage, anti-dumping duty
ANWAR KHAN
KARACHI (December 19 2009): Bedwear manufacturers-cum-exporters forecast about 12 percent decline in their export because of yarn shortage on the local market and the anti-dumping duty of 10 percent on imported polyester staple fibre.

The imported polyester fibre increases the cost of production by 22 percent because of the 10 percent of anti-dumping duty on its import with five percent customs duty besides other taxes as compared to purchasing of locally manufactured threads which are also becoming costlier gradually, said Chairman Pakistan Bedwear Exporters Association (PBEA), Shabir Ahmed on Friday.

He also sent a letter for review National Tariff Commission (NTC) for reviewing the present anti-dumping duty status on import of polyester staple fibre, demanding for a complete withdrawal of the duty to protect the bedwear sector from decline and increase their export.

He accused the four major polyester staple fibre manufacturing companies in Pakistan for forming a cartel to monopolise the local market of the raw material. Now, he said, the polyester staple fibre is available for Rs 124 per kg, which was Rs 122 last week and Rs 108 a month ago. The polyester staple fibre is imported from China, Indonesia, Thailand and Korea, mainly by the spinning millers, he pointed out, adding that the bedwear manufacturers purchase the raw item in tons.

Major global markets of the country for bedwear export are EU and the US, he said, fearing that the country's export of these items is likely to fall by 12 percent this fiscal year. "Bedwear export had reached 1.7 billion dollar in last fiscal year and 2.1 billion dollar in fiscal year 2006, while this fiscal it may reach maximum 1.4 billion, dollar," he added.

Shabir regretted that the benefit, which the exporters could receive from lifting of anti-dumping duty by EU from Pakistani bedwear products, have completely been unachievable because of yarn scarcity and expensive polyester staple fibre.

The other factors, which he enumerated, were electricity and gas shortage besides their rapid tariff increase has hit the bedwear sector badly resulting in a huge production decline. He criticised the government for imposing the anti-dumping duty on the polyester staple fibre, saying that it will serve only to local manufacturers of the raw item and have negative impact on export growth of bedwear.

"The government, on one hand, expresses concerns over such duties on Pakistani products by the EU and US and other countries, on the other it follows the same trend and termed it contradiction," Shabir maintained. Chairman PBEA pointed out that earlier manufacturers were using the yarn in the manufacturing of bedwear products but with its shortage they shifted their operation to polyester staple, which is also costlier, now.
Title: Re: Textile Sector
Post by: Learner7 on December 20, 2009, 01:55:45 AM
Aptma threatens to close down units  

Saturday, 19 Dec, 2009


(http://www.dawn.com.pk/wps/wcm/connect/17138b0040ba0ad5b796b7a23d858f29/TI_CTU_REU600.jpg?MOD=AJPERES)

LAHORE: All Pakistan Textile Mills Association (Aptma-Punjab) chairman Ejaz Gohar has warned that the 400 member mills of the association would close down their operations if the government imposed restrictions on the export of yarn.

Speaking at a press conference on Friday, he said that the yarn issue should be seen in the context of the open market economy. He said this free market policy had paid rich dividends to growers who were now getting international rate for their crops.

He said the moment mills try to pay less to the farmers the exporters or the government jumped into the market and exported the commodity immediately. He said the spinners had never complained against cotton export even though they had to import 3-6 million bales every year to meet their requirements because ‘we have learnt to survive in a competitive global economy’.

He said cotton prices had gone up to Rs4,200 per maund within a month and half this year and, hence, yarn prices had also been raised. He said the country was producing 232,000 tons of yarn per month and exported the surplus 60,000 tons.

He said the value-added sector that had booked its exports orders at much lower yarn rates refused to pay the higher price of yarn which in fact was still 20 per cent cheaper than its global rates. He said there was no shortage of yarn in the domestic market and the ‘crisis’ was created by the downstream industry to force spinners to bring down yarn prices.

He said if the local yarn were expensive as claimed by the value-added industry it would have imported it by now. He said many towel, home textile and even knitwear exporters had obtained higher rates after negotiating with their foreign buyers. But some were still trying to politically influence the government to restrict yarn export.

He said if restrictions were imposed the mills would prefer to close down and export the cotton lying with them in the international market that had cost them Rs160 billion. ‘If that happened it would be unfortunate for Pakistan’s economy.’

He said tinkering with open market principles would destroy the entire textile chain.

Title: Re: Textile Sector
Post by: Toshi on December 22, 2009, 08:58:18 AM
Rebate on local supply of yarn urged

(http://www.dawn.com/wps/wcm/connect/1c699b0040c0f0238274ae54f7f903c8/baig-608.jpg?MOD=AJPERES)

KARACHI: Adviser on Textile Dr Mirza Ikhtiar Baig has suggested that the government should consider allowing rebate on local supply of cotton yarn to ease supply to the value-added textile sector.

In a letter to Minister of Textile Industry Rana Farooq Saeed, he said that during his recent meetings with various textile bodies it was agreed that in order to encourage local supply of yarn a rebate should be given on local sales.

Dr Baig further said that funds allocated for one per cent drawback to large export houses scheme in the textile policy may be diverted towards giving rebate to the suppliers of yarn to the local industry.

He said this incentive will encourage spinners to go for local supply than exports and will ensure higher supply of cotton yarn to domestic value-added textile industry.

In the last budget, he said, Rs2 billion was allocated under the scheme of large export houses for the current year and the same could be utilised for payment of rebate on local supply, he added.

The adviser further said the idea was also to Dr Waqar Masood, secretary textile industry and was appreciated because it may help to find some remedial measure on priority basis and help the value-added sector come out from the current crisis.

He quoted the example of Bangladesh, which recently gave similar incentive on supply of raw material to the garment industry.
Title: Re: Textile Sector
Post by: Toshi on December 23, 2009, 09:32:52 PM
Yarn exports jump by 44pc in July-Nov

(http://www.dawn.com/wps/wcm/connect/d8470a0040c69fc48383af54f7f903c8/TI_TF_AP_600.jpg?MOD=AJPERES)


KARACHI: Export of cotton yarn during July-Nov, 2009 increased by around 44 per cent compared to the same period last year, official figures revealed. The export price was, however, 23 per cent less per kg.

Pakistan exported around 305 million kg of yarn during the first five months of the current fiscal year against 211.2 million kg in the same period last year, according to Federal Bureau of Statistics.

Record export of yarn was made in October when 73 million kg (82pc) was shipped compared to 40 million kg in Oct last year.

Exporters alleged that the unbridled export of yarn was going on at throw-away prices for the last five months, but the government was just holding meetings with spinners and downstream textile industry.

Official statistics disclosed that on average spinners and exporters fetched a price of around $1.92 per kg during the period under review as against $2.36 per kg quoted last year.

During July this year, spinners on an average sold yarn at $2.21 per kg or five per cent less than $2.33 price of last year.

In August, average cotton yarn export price stood at $1.91 per kg or 19 per cent lower than previous year’s price of the same month when yarn was exported at an average price of $2.36 per kg.

In September, the official figures disclose that average export price of cotton yarn stood at $1.91 per kg or 24 per cent less than last year (September) when it fetched around $2.52 per kg.

Similarly, in October this year the average export price of yarn stood at $1.90 per kg or 17 per cent cheaper than last year (Oct) when it fetched $2.31 per kg.

The average per kg export price of cotton yarn during November was $1.98 or 13 per cent less than $2.27 price of November last year.

According to exporters, less average export price on cotton yarn is a strong indicator that spinners/exporters have resorted to rampant under-invoicing.

They further said in the past when money-changers were openly indulging in under invoicing. It is a sort of transfer of foreign exchange under official cover which the government has so far failed to check. It is a glaring example of government’s failure to assert itself in the best national interest and save the much needed jobs of millions of workers in various segments of textile, particularly the value-added sector, they added.

Jawed Bilwani, chairman, Pakistan Apparel Forum (PAF), told Dawn that on average cotton yarn is being sold at Rs900 per bundle (10 pound) and if it is calculated, it would result in $2.35 per kg against average export price of $1.92 per kg being fetched by spinners or exporters.
Title: Re: Textile Sector
Post by: Toshi on December 24, 2009, 09:12:14 AM
Customs duty on yarn import removed

(http://www.dawn.com/wps/wcm/connect/01a4138040c7052c8b90af54f7f903c8/worker-608.jpg?MOD=AJPERES)

ISLAMABAD: The Cabinet Committee on Textile has removed customs duty on import of cotton yarn falling under Chapter 52 of the Harmonised Tariff Schedule with immediate effect, and decided to take corrective measures if yarn export exceeds 50 million kg per month.

The second meeting of the committee, which was presided over by Federal Minister for Textile Industry Rana Mohammad Farooq Saeed Khan here on Wednesday, observed that due to cotton failure at the international markets yarn prices had increased globally. ‘However, if the mid-stream textile sector finds feasible it can import yarn even from India.’

A textile ministry official informed the committee that the yarn production was expected to be around 2.6 million tons this season and a check on its exports could bring down yarn prices in the local market.

The meeting was informed that there was a need to provide a level-playing field to all stakeholders in the textile chain and the requirements of all the sectors should be fulfilled in a competitive manner.

The meeting observed that around 300 tons yarn had been exported mainly to China in the first five months (July-Nov) of 2009-10.

It also reviewed the production, prices and domestic availability of cotton yarn in the wake of rising complaints of shortage by the textile sector due to massive exports.

Secretary Textile Industry Dr Waqar Masood Khan briefed the meeting on the production trend, exports and availability of yarn for the value-added textile sector.

Based on the suggestions of the finance ministry that yarn exports should be utilised as a platform for ensuring foreign exchange inflows in the country, the meeting decided that yarn exports would be allowed only against LCs and advance cash received through normal banking channels.’ Yarn exports based on credits will not be allowed and contracts will have to be registered with the Trade Development Authority of Pakistan (TDAP),’ the textile minister declared.

The next meeting of the committee would be held on January 8, 2010.

The meeting was attended by Federal Minister for Food and Agriculture Nazar Muhammad Gondal, State Minister for Finance Hina Rabani Khar, Secretary Ministry of Commerce Zafar Mahmood, Secretary Industries and Production Abdul Ghaffar Soomro, Secretary Food and Agriculture Muhammad Zia-ur-Rehman, Secretary Investment Muhammad Saleem Khan, Secretary Industries Government of Punjab Rao Manzar Hayat, Member Planning Commission Dr S.M. Younus, Member Customs FBR Munir Qureshi, Joint Secretary Ministry of Finance Ahmed Hussain, Commissioner Faisalabad Tahir Hussain and Chief Executive TDAP Mohibullah Shah and officers of ministry of textile industry.
Title: Re: Textile Sector
Post by: Toshi on December 25, 2009, 05:19:46 PM
Raw cotton and yarn exports push textile export by 3% in Nov
KARACHI: The unprecedented export of raw cotton and cotton yarn pushed up the overall export of textile products, which registered almost three percent increase in the export for the month of November as compared to the same period of previous year.
During the month under review, export of raw cotton shoot up by almost 195 percent and cotton yarn registered 32.84 percent increase, Federal Bureau of Statistic reported on Thursday. Total textile products export came to $852 million in month of November $828 million over the same month of last year.
On the other hand, in the first five months of current fiscal, total textile products decreased by 3.21 percent over the same period of previous year although export of raw cotton and cotton yarn also posted substantial gains of 107 and 18 percent, respectively.
In the months under review, total textile export stood $4.203 billion against $4.343 billion in the same months of last year. The recovery in textile export was mainly attributed to major export of raw cotton and cotton yarn during these months that has become a major source of concern for the value-added textile sector because of high prices of these items in the local market affecting their performance adversely.
Exporters commenting on the textile export growth said that it was not at all a positive development as on the back of exporting just raw cotton and cotton yarn, the country was again going back to old days when it was the major export and there were no value added products being exported from the country.
The unit price of one cotton bale fetched by the export of raw cotton and cotton yarn is much lower than value-added products. When it comes to export of value-added products, the bleak scenario is still prevailing on the export of these items as export of knitwear was down almost eight percent during the months under review.
Export of bedwear decreased 7.21 percent during these months. Towel export declined 6.01 percent and tents, canvas & tarpaulin by 12.2 percent. Export of cotton cloth was down 29.89 percent and cotton carded or combed by 92.05 percent. Export of readymade garments was up by 2.31 percent and art, silk & synthetic textile 86.37 percent during these months.
Title: Re: Textile Sector
Post by: Toshi on December 26, 2009, 11:58:59 AM
Textile faces four-day a week gas suspension

ISLAMABAD - Following its trend, the Federal Government has once again failed to honour its commitment made a couple of months back to suspend gas supply to textile industries for two days a week as now these days have been enhanced up to four, TheNation learnt through reliable sources.
In order to provide non-stop supply of gas to domestic consumers in the winter season, the Government had announced “Gas Load Management Plan “ under which industries and CNG stations would observe two holidays a week. However, according to the sources, the Government is not providing gas to textile industries for four days a week due to which majority of textile units are closed in the country.
This is not the first time that the Government is backing out from its promises as earlier in the Textile Policy it was announced that the said sector would be exempted from the power load shedding but the industry faced long hours of power breakdown and is still facing it.
Office-bearers of All Pakistan Textile Mills Association (APTMA) claimed that the industry suffered losses of about Rs One billion in a month due to a lack of smooth gas supply to the industries. In addition, the association had to close about 200 textile units in Punjab and NWFP zones owing to scheduled load-management of two days.
Owing to two-day gas load shedding, sources informed that several industrial units had been switched over to electricity to meet the demand, however, as the gas-load-shedding goes beyond two days, it is creating further problems for the textile industry.
Due to the shortage of gas and electricity in the country, textile exports witnessed negative growth of 3.21 per cent during the first five months (July-November) of the ongoing fiscal year 2009-10 as against the same period of the last fiscal year.
According to the figures released by the Federal Bureau of Statistics the other day, textile exports during July-November were recorded at $ 4.203 billion against $ 4.343 billion during the same period of 2008-09.
Sources were of the view that if the situation did not improve in the next few months, it would be impossible to achieve the textile export target of $ 25 billion set for next five years (2009-14).
Title: Re: Textile Sector
Post by: Toshi on January 01, 2010, 06:26:44 PM
Textile industry suffers losses in 2009

LAHORE: The textile industry particularly spinning industry suffered a loss in 2009 due to certain reasons but even then produced more than its potential, said All Pakistan Textile Mills Association (APTMA) Punjab Zone chairman, Gohar Ejaz. Ejaz highlighted the achievements of textile industry in poor conditions and said the textile industry contributes to 60 percent on exports of the country and it fetched more than $12 billion in 2008 but in 2009 the exports dropped to $9 billion. He said it was due to many crises in the country and one of major reason was the state of law and order in the country. “The president and prime minister of Pakistan admitted at the start of 2009 that we are in a state of war,” he said adding it was the reason the exports declined and it proved very hard year for the textile industry. He said security issues, power crisis, gas shortage and bank interest rates added fuel to injuries of textile sector. “We have to face closure of more than 75 days in one year and it had a negative impact on our production,” he said. He said in such situation the textile industry cope with the situation and come up with maximum potential. Ejaz said in October, Textile Policy was announced and potential of textile sector was accepted. He said Pakistan’s spinning industry is worth $7 billion and third largest in the world after China and India. He said the industry exports yarn after meeting the local demands. He said the textile sector was facing heavy interest rates and it gave negative impact on the sector. “In the textile policy, it was decided that the industry would be given priority in gas and electricity supplies. The promise was fulfilled in November but from December once again the sector have to face the power crises,” he said. He said the industry was facing eight to 10 hours of load shedding and it was for the first time in history that APTMA along with SNGPL started an awareness campaign for using less gas in the winter. staff report
Title: Re: Textile Sector
Post by: Toshi on January 06, 2010, 04:36:12 AM
non-availability of quality yarn: Apparel sector threatens strike

KARACHI: Value-added apparel sector has warned the government that if the supply of quality yarn below 32 count is not normalised, the sector would go on indefinite strike countrywide.

Representatives of Pakistan Apparel Forum under the umbrella of various value-added textile associations here at press conference on Monday urged the government to end the unfavourable and unfair policies dealing the value-added sector.

“Apparel manufacturers of Faisalabad have already gone on strike to protest against the policies favouring spinners, but are disastrous for the value-added sector and the government is pushing us into the same direction”, Javed Bilwani, Chairman Pakistan Apparel Forum (PAF) declared.

He reiterated that demand of complete ban on export of cotton yarn of below 32 count amid its shortage and higher prices are resulting into complete shut down of industries. Bilwani cautioned that closure of these industries would render about 2.5 million workers jobless, which would create further social problems.

Referring to the January 08, 2010 deadline set by the government to resolve the cotton yarn issue, PAF chief termed it as an encouraging sign and felt that if the promise is not honoured then the industry would be left with no option but resort to strike.

He added that it would have a chain reaction because allied and related industries like shirt, pant button markers, packaging etc. would also be impacted negatively.

Bilwani also expressed disappointment over the series of talks held with government authorities to resolve this issue, however noting that concrete transpired and nothing was implemented.

Central Chairman Pakistan Hosiery Manufacturers Associations (PHMA) Rana Mushtaq said that apparel sector’s meetings with the government over the last three months have ended in futile efforts.

“Strike call is the last and only option left with the apparel sector to press the government to meet the demands of the sector”, he said.

Central Chairman Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), Mohsin Ayb Mirza said that country exported 45 percent yarn during the last five months which is a negative trend for the local market.

He said that country has exported only one percent of value-added textile goods whereas 30 percent of cotton yarn, which is a raw item.

Central Chairman Towel Manufacturers Association, Waqar Alam said that textile apparel industrialists have become wary of the series of futile talks which have produced no measures in the last three months to ensure smooth supply of cotton yarn.

He said that foreign buyers also refused to give orders to Pakistani exporters for apparel products because of uncertain situation in the wake of yarn shortage.
Title: Re: Textile Sector
Post by: Admin on January 08, 2010, 11:25:22 AM
Textile sector says it is being forced to halt production
 
 
 
Friday, January 08, 2010
By our correspondent

LAHORE: Fourteen associations of the value added textile sector have declared that they are being forced to stop production due to inability of the government to press yarn spinners to rationalise their attitude.

Pakistan Hosiery Manufacturers Association (PHMA) stated this in a press statement, adding that instead of considering the needs of the sectors, the priority of spinners is to strengthen Pakistan’s competitors like Bangladesh, India and China.

The media war started by the spinners, the statement adds, is presenting misleading figures which are against ground realities. In an advertisement issued by APTMA on Wednesday, they claim that the shortfall of raw cotton is 4m bales. It urged the government to realise that the strong cartel of spinners will decide not to import raw cotton and would further squeeze the domestic yarn consumers by creating further shortage of yarn and increasing prices.

Dr Khurram Anwar Khawaja, Chairman Pakistan Hosiery Manufacturers and Exporters Association (North Zone), said governments all over the world have been adopting measures to safeguard interests of their industry within the WTO framework, but Pakistan’s government seems helpless before the powerful cartel of spinners.

He said employment of millions of direct workers and the downstream sectors have been put to stake by the attitude of spinners who have created confronting attitude towards their own local consumers.
Title: Re: Textile Sector
Post by: Learner7 on January 12, 2010, 09:38:34 AM
Gas supply to textile units stopped


 By Muhammad Asghar


Tuesday, 12 Jan, 2010


LAHORE: Textile mills and other production units in Punjab and the NWFP are facing a grim situation because of the suspension of supply of natural gas by the Sui Northern Gas Pipelines Ltd (SNGPL).

Criticising the suspension, chairman of the Punjab chapter of the All Pakistan Textile Mills Association Gohar Ejaz called for direct intervention of the federal ministry of petroleum and natural resources and restoration of gas supply.

He said that the action went against the cabinet committee’s decision to close gas stations for two days.

He said that industries already been hit by power breakdowns of up to 12 hours would be left with no back-up source of energy after the suspension of gas supply.

According to him, the suspension would cause huge losses to spinning and organised weaving units, 70 per cent of which depended on uninterrupted supply of natural gas.

A one-day closure, he said, would result in production losses of about Rs2 billion.

Mr Ejaz urged the ministry of petroleum to immediately restore gas supply to the textile industry to enable mills to honour their export commitments.

He also urged domestic consumers to “conserve gas during the period of unprecedented cold weather for the sake of industry, export and employment”.
Title: Re: Textile Sector
Post by: azam56 on January 21, 2010, 08:23:42 AM
Dec textile exports up 15.4pc YoY


KARACHI: Massive export of raw cotton and cotton yarn has helped export of textile products to grow by 15.4 per cent to $830.99 million in December 2009 as against $720.23 million in the same period last year.
The improvement in textile export was mainly attributed to surge in exports of raw cotton that increased massively by 217 per cent to $37.34 million in December 2009 as against $11.78 million recorded during December 2008. On the other hand, cotton yarn export increased by 71.2 per cent to $138.42 million during the month under review as compared to $80.86 million in the same month of last year.

Top Textile Export Products

$ in million    Dec-10    Dec-09    % Chg
Raw cotton    37.3         11.8      217
Cotton yarn    138.4    80.9       71.2
Cotton cloth    139.8    161.1    -13.2
Knitwear         123.5    123.2    0.3
Bed wear       125.4    124.8    0.5
Towels             43.0    42.8      0.3
Readymade garments    106.0    107.5    -1.4
 
Title: Re: Textile Sector
Post by: Learner7 on January 22, 2010, 04:18:47 PM
(http://www.express.com.pk/images/NP_LHE/20100122/Sub_Images/1100833234-1.gif)
Title: Re: Textile Sector
Post by: Learner7 on January 27, 2010, 12:33:21 PM
Gas supply cut causes huge loss to textile industry  

 Updated at: 1104 PST,  Wednesday, January 27, 2010

 LAHORE: The All Pakistan Textile Mills Association (APTMA) has criticised Sui Northern Gas Pipelines Ltd (SNGPL) for mismanaged gas supply to the textile industry, causing a colossal loss of Rs50 billion besides affecting jobs of 350,000 workers across the province.

Chairman of APTMA Standing Committee on Gas, Shahzad Ali Khan, speaking at a press conference at the APTMA Punjab office here on Tuesday, said the Cabinet Committee on Gas Load Management, after extensive meetings with stakeholders, had on Nov 3, 2009 agreed on uninterrupted supply to the textile industry for five days a week.

After that, the SNGPL was directed to ensure smooth supply of gas to the textile industry on rotational basis in a transparent and fair manner.

However, Shahzad said, since December 21, 2009, the SNGPL had failed to comply with the cabinet committee’s directive as the textile industry’s Lahore-I region (Sheikhupura, Bikhi and Nankana), Lahore-II region (Manga Multan Road) and Multan, Bahawalpur, Gujranwala, Islamabad, Peshawar, Abbotabad region were being denied gas supply.

He said the company curtailed gas supply to the textile industry by 70 per cent in the three major regions and the industry got gas for only 20 days on an average out of 50 working days since November 22.

He said 70 per cent textile industry in Punjab was totally dependent on gas with no back-up arrangements. Furthermore, power outages had increased to 6-8 hours a day.

He said millions of dollars worth of orders from Heimtextil fair of Germany had started coming in the country but the industry was losing the opportunity because of shortage of gas.

He said the textile industry was facing such odd situation due to mismanagement on the part of SNGPL officials, who were curtailing gas supply for five days a week instead of two days. In January, he said, the textile industry received gas for six days only, which showed that the government did not know who should be provided energy first.

Shahzad Ali urged the Ministry of Petroleum and Natural Resources to ensure transparent as well as fair implementation of the cabinet committee’s decision in the larger interest of industry, export and employment.
Title: Re: Textile Sector
Post by: Learner7 on February 16, 2010, 08:32:07 PM
Pakistan - Yarn prices continue to rise, textile sector in trouble

16 Feb, 2010 - Pakistan 
Yarn prices continue hike and textile sector is already in trouble due to multiple factors, including security issues, energy crisis, high interest rates, squeezing credit facilities and dwindling exports while the further increase in petroleum products will add fire to the fuel endangering the survival of trade and industry in the country. Yarn price not decreases after capping on export and local yarn user still in trouble.

That latest statistics revealed that the export of cotton cloth have decreased 27.48%, of Bed wear 6.12%, Knitwear 6.49% and Towels 5.2% from July to December 2009 indicating across the board decline in exports of value-added sector. Chairman Pakistan Textile Exporters Association Khurram Mukhtar said, "The steep hike in these fuels and electric will add to the strain on the industry and trade." Industrial sector is already facing negative growth and hefty hike in petroleum and electric prices will severely hit it due to increase in cost of production.

Vice Chairman Sohail Pasha said, the petroleum and electric price hike will jack up the operational cost of truckers and passenger carriers, which will reflect on the prices of commodities and passenger fares, he pointed out. "The impact of the diesel price rise is rather severe in a deficit state. It is, therefore, high time to seriously think of ways and means to stabilise fuel prices at reasonable levels with suitable modifications in the Central and State levies," he said.

Vendors and shop owners would raise prices on the pretext of an increase in transportation cost following the hike in diesel prices and producer raise price due to hike prices of petroleum and electric prices, consumers pointed out. However, shopkeepers clarified that unless truck operators raised their rates, "we will not increase the prices".

If the charges are increased, it would have a cascading effect on the prices of cotton, yarn, steel, cement, consumer durables, essential commodities, etc, an industry source pointed out. It would also turn out to be a burden on private vehicle users also whose monthly budget would have a negative impact, a government official said.

New hike in electricity rate would radically increase the cost of production of exportable goods which would become unacceptable to foreign buyers. This was stated by Chairman Pakistan Textile Exporters Association Khurram Mukhtar and Vice Chairman Sohail Pasha talking with Business Recorder on Monday.

Government has taken an anti-people decision by increasing the prices of petroleum products and electricity at a time when the economic activities were already shrinking due to multiple factors and this hike will produce overall damaging impacts on the Pakistan economy, they said. Entire industrial sector was already facing different internal and external challenges and the recent increase would further aggravate the economic situation.

Country's 70 percent electricity is produced through thermal power plants where oil has a major role and hike in petroleum prices will lead to increase in electricity prices as a result of which prices of all commodities would shoot-up, they apprehended.

In order to meet the conditions of IMF, government have withdrawn subsidies from electricity and warned that the fresh increase will prove catastrophic for the national economy as business activities will be minimised, exports will decline and increase in prices of consumer products will severely affect the buying power of common man. He said that recent Trade Policy had targeted six percent growth in exports while the last six months trading trend has shown 3 percent fall in exports.

Textile exports are facing tough competition in international markets on account of high production cost and this increase will make our products less competitive. It will also cause closure of more industries as industrial sector will not be able to absorb this shock leading to more unemployment and poverty in the country. It will also unleash a new wave of inflation in the country.
Title: Re: Textile Sector
Post by: Farzooq on February 21, 2010, 01:42:00 PM
Textile sector: loans cannot be converted to LTFF: SBP
 
MUSHTAQ GHUMMAN
ISLAMABAD (February 21 2010): The State Bank of Pakistan (SBP) has expressed inability to convert textile sector loans into long-term financing facility (LTFF) on the basis of an agreement between the GoP and the International Monetary Fund, sources told Business Recorder.

This was crux of the meeting between State Bank of Pakistan (SBP) Governor Salim Raza and Advisor on Textile Dr Mirza Ikhtiar Baig held on February 12, 2010 in Karachi. Sources said that Baig raised five issues, which include: mark-up rate support to textile sector; conversion of long-term loans into LTFF; relaxation on prudential regulations; working capital loans and LTFF facility for establishing new spinning units.

With regard to mark-up rate support to textile sector, the Governor said that as the SBP is only the executing agency for scrutinising and reimbursing the claims to be filed by banks/DFIs under these schemes, necessary instructions would be issued to the banks/DFIs in this regard, after receipt of budgetary allocation from government/Ministry of Finance. Further, according to the instructions issued by Ministry of Textile Industry (Mintex), these dues are payable on six-monthly basis, and the first instalment would be due in March, 2010.

On conversion of long-term loans into LTFF, SBP Governor responded that as there are limitations on the level of borrowings from SBP under IMF's SBA (Standby Arrangement), these loans cannot be converted into LTFF. However, GoP has already announced mark-up rate support against such loans. Mark-up, to the extent of 5 percent, would be reimbursed to eligible borrowers, after receipt of budgetary allocation from MoF/Mintex under the textile policy.

Regarding relaxation of prudential regulations, the SBP argued that no SBP regulation/circular places any restriction on banks/DFIs for extending any financing facility to a borrower having overdue appearing against its record in CIB database. However, with regard to relaxation in current ratio from 0.85.1 to 0.5:1, the SBP Governor said that through BPRD Circular No 06 dated March 7, 2009 the condition has already been removed.

Replying to another demand of Baig, he said that the banks are free to allow restructuring/rescheduling facilities to their borrowers on case-to-case basis, keeping in view their lending policies as well as prudential regulations. Therefore, borrowers may approach their respective banks.

On LTFF facility for establishing new spinning units, Razasaid that the rationale for providing refinance under LTFF is to promote export-led industrial growth of priority sectors. However, six sub-sectors ie, spinning, doubling, twisting, combing, slubbing, lycra/yarn dyeing have already been made eligible.

After detailed discussion, Baig and Raza decided that (i) In the cases where borrower could not avail the spinning sector subsidy for various reasons, SBP will issue appropriate response to concerning borrowers, (ii) Mintex will take up the issue of subsidy on account of enhancement in export finance scheme and LTFF mark-up rates with Ministry of Finance, (iii) issues of acceptance of LCs/export contracts of JC Penneys will be taken up with concerned banks, when details are received from exporter association, and (iv) a separate committee, headed by SBP Governor, would be formulated for deliberations on the issues of textile sector, which will meet periodically.

When contacted for comments, Prgmea chairman Bilal Mulla said that five-tier textile policy, announced on August 13, 2009, with target export of $25 billion by 2014, implies 25 percent growth each year, as present exports of textile is at $10 billion per annum.

He said that the Minister for Textile, Farooq Ahmed claimed that first he had arranged approval of Rs 40 billion package in budget of 2009-10 for exporters, out of which Rs 27 billion is for the textile which means textile sector will face no problem in funding for smooth running of textile packages/policy.

The necessary notification for implementation of policy was issued on September 1, 2009 under duty drawback of local taxes levies order 2009, notification No 3 (1)TID/08-P-I. Ministry of Finance transferred Rs 5 billion to SBP in November for disbursement under textile policy and promised further release of Rs 5 billion as soon as first instalment was fully utilised by SBP. "Now, it is February, which implies 6 month after notification exporters are yet not having a single penny in their account as far as duty drawback of local duties are concerned," he complained.

It is pertinent to mention here that Mintex's RDA cell started registration of exports units and till late it has registered 684 units, and further 286 units on provisional basis, while approximately 10,000 units need to be registered under the policy
Title: Re: Textile Sector
Post by: Toshi on February 26, 2010, 08:24:23 AM
Government to offer incentives to ensure yarn availability: cotton yarn export capped at 35 million kg per month  

ISLAMABAD (February 26 2010): Government has decided to provide incentives to ensure availability of cotton yarn in the local market by reducing income tax rate and extending refinancing facility on import of yarn. The incentives will be provided for a period of four months till June 30, 2010, Business Recorder learnt reliably.

"Government is currently charging income tax on export of cotton yarn at the rate of 35 percent," the sources said, adding that the government has decided to reduce it to 10 percent if spinners sell yarn in the local market. According to sources, the export refinance facility would be extended at the rate of 7.5 percent on the import of two million bales to overcome the yarn cotton shortfall in the domestic market till June 30, 2010.

Sources maintained that Ministry of Textile would notify within days the specifications of the quantitative restriction on the export of yarn, subsidy to the spinners in the form of income tax reduction and export refinance facility.

After intensive consultations with all the stakeholders, Textile Ministry decided to further tighten the quantitative restrictions on export of yarn up to 35 million kg per month instead of 50 million kg from March 1 to June 30, 2010 in order to protect the local value-added sector.

Earlier, the cabinet body had decided that export of cotton yarn would be based on first come first get formula till June 30, 2010 and was restricted up to 50 million kg per month. In this regard Trade Development Authority (TDAP) was authorised to cancel the registration of the violators; however the yarn crisis intensified compelling the government to further restrict export of yarn.

Sources maintained that the decision has been taken in the interest of the value-added sector, which suffered due to sky rocketing yarn prices and raw cotton in the local market. "Raw cotton and yarn was being exported resulting in a shortage for the local industry," the sources said.
Title: Re: Textile Sector
Post by: Toshi on February 26, 2010, 08:25:40 AM
Textile duty drawback payment: permanent registration certificates made mandatory  


ISLAMABAD (February 26 2010): The Ministry of Textile Industry has barred the State Bank of Pakistan from making payment under duty drawback of local taxes and levies scheme to any claimant of textile sector without permanent registration certificates. The Textile Ministry had issued notification for implementation of the policy on September 1, 2009 under duty drawback of local taxes levies order 2009, notification No 3 (1) TID/08-P-I.

The Ministry of Finance transferred Rs 5 billion to the SBP in November for disbursement under the textile policy and promised further release of Rs 5 billion as soon as the first instalment was fully utilised by the SBP. The Textile Ministry has made some amendments to the notification of February 15, 2010 regarding certain amendments to the duty drawback of local taxes and levies order 2009 issued on September 1, 2009.

The ministry has informed the SBP that the provisions of the said notification are applicable only to the shipments made after the issuance of the same ie after February 15, 2010. "I am further directed to intimate that in view of ongoing registration process in the Textile Ministry, a one-time extension of time limit has been granted for filing of drawback claims.

All the exporters bearing permanent or provisional (valid or expired) registration certificates may submit drawback claims till March 31, 2010 in respect of shipments made after September 1, 2009," said, Dr Amir Husain in a letter to Ms Feroz Nabeel, Director (Feco) SBP, a copy of which is available with Business Recorder. "The SBP may admit all such claims if they are otherwise in order, however, no payment will be made to any claimant unless it presents the permanent registration certificates," said, Dr Amir in the letter.

The Textile Ministry's RDA cell started registration of exports units and it has registered 684 units, an additional 286 units have been registered on a provisional basis, while approximately 10,000 units need to be registered under the policy. Recently, the SBP expressed inability to convert textile sector loans into Long Term Financing Facility (LTFF) on the basis of an agreement between the GoP and the International Monetary Fund.
Title: Re: Textile Sector
Post by: Mr.TOOL on March 05, 2010, 02:03:20 PM
Insufficient stocks to hit textile sector




KARACHI: The country has insufficient number of cotton bales to meet the daily requirements of textile sector in the country, traders at Karachi Cotton Association (KCA) said on Thursday.

KCA member Shakeel Ahmad said, production of cotton bales remained around 12.65 million cotton bales during crop season 2009-10 with a shortfall of about 2.30 million bales. Ahmad added, “Our consumption stands around 126,000 cotton bales per working day and we have only 440,553 bales at the ginneries in the country”.

He said yields from our next crop 2010-11 would start coming in mid-July and during the concurrent period we will be dependent on speedy arrival of Indian cotton in the country.

The shipment takes around 20-25 days to reach at the port as our importers confirmed import deals of around 150,000 cotton bales with Indian traders. “Our textile sector will lag in export orders of textile and related products, if Indian delays the shipment, in the past Pakistani importers had experienced this worst situation”, Ahmad added.

The spot rate at KCA remained steady at Rs 5,650 per maund with strong physical price above Rs 5,855 per maund during the trading session.

According to final fortnight arrival report by Pakistan Cotton Ginners Association, around 1,2656,631 bales reached at the ginneries till March 1, 2010. The textile sector bought 114,20430 cotton bales while private sector commercial exporters purchased some 795,648 cotton bales during same period, he added.

He said total stocks remaining stood at 440,553 bales as compared to last year’s stocks, which stood around 1,183,570 bales. In international market, New York futures market deals for the month of March stay at 83.19 cents per pound with a gain of 129 points and May closed at 82.97 cents per pound with plus 112 points

Title: Re: Textile Sector
Post by: Mr.TOOL on March 05, 2010, 03:47:40 PM
(http://img8.imageshack.us/img8/1849/textile.png)
Title: Re: Textile Sector
Post by: Mr.TOOL on March 05, 2010, 03:51:35 PM
(http://img268.imageshack.us/img268/826/twxt1.png)
Title: Re: Textile Sector
Post by: Mr.TOOL on March 10, 2010, 08:49:16 PM
Aptma units to go on strike from March 18 \ Business RecorderKARACHI (March 10 2010): Announcing to disassociate with the Ministry of Textile Industry, the All Pakistan Textile Mills Association (Aptma) has decided to go on strike from March 18, if the Prime Minister or the President did not resolve the issue of cotton yarn export.
Title: Re: Textile Sector
Post by: Toshi on March 17, 2010, 12:38:32 PM
Spinners planning closure of mills  

(http://www.dawn.com/wps/wcm/connect/20e2048041c5e75bae10be8c2f96136c/rawcottonontruck600.jpg?MOD=AJPERES)

KARACHI: After exhausting the current raw cotton stocks, spinning mills throughout the country would start closing down within next one to two months as they are not going to import costly cotton to meet the estimated shortfall of around three million bales.

This was stated by chairman, All Pakistan Textile Mills Association (Sindh-Balochistan zone), Yasin Saddik, at a press briefing here on Tuesday.

Lashing out at the quantitative restrictions imposed on cotton yarn exports, he said spinners are not going to risk investing huge funds on import of costly cotton when yarn prices in domestic market are falling.

“We would like to categorically tell the textile ministry that spinners are in no way going to import costly cotton when export quota is in place, and on consuming domestically produced cotton of around 12.75 million bales, the mills will stop their operations,” asserted Yasin Saddik who was accompanied by vice chairman Shezad Ahmed.

He further said if spinning mills keep processing yarn, they would need three million bales more.

However, raw cotton imports from neighboring India are also costly where prices are currently at 81 cent per lb which means around Rs5700.

Therefore, within one month period, he said fixing of quota on yarn exports first at 50,000 tons and subsequently within a period of 45 days at 35,000 tons per month would expose wrong government policy, but then it would be too late, he maintained. He said no spinning unit would take risk of importing costly raw cotton when yarn prices in the domestic market are falling.

Mr Siddik said yarn prices have declined between Rs5 and Rs7 and if the capping over exports stays, prices would further come down.

Responding to a question, he said undoubtedly spinners get bank finances to purchase raw cotton but they pay mark-up at normal rate of around 14 per cent.

Spinners have suffered heavy losses during the last two to three years and are highest amongst bank defaulters.

The Aptma chief refuted that in India spinners are not allowed to stock raw cotton for more than two months period and added that under free market mechanism, any industry could built stocks which are normally made on bank financing.

Unlike value-added textile which gets refinance at 7.5 per cent mark-up, he said, spinners get bank financing for purchase of raw cotton at normal mark-up which is twice costly.

He said spinners on Thursday would observe one day token strike by closing down their units throughout the country and media would be taken around to witness the closure.

In reply to a question, he said closure would result in a loss of $15 million to the national exchequer.

Yasin Saddik that Aptma wants total removal of all sorts of restrictions and capping on yarn exports and let the industry work on free market mechanism to create efficiency and quality on level-playing field.
Title: Re: Textile Sector
Post by: Farzooq on March 23, 2010, 10:40:33 AM
Textile industry: SBP announces mark-up rate facility
RECORDER REPORT
KARACHI (March 23 2010): Following government directives, the State Bank of Pakistan (SBP) has announced 2.5 percent mark-up rate facility on outstanding loans of textile industry under its Export Finance Scheme, and 5 percent mark-up rate support against long-term loans availed from banks/DFIs.

Pursuant to the release of budgetary allocation by the Ministry of Finance for payment of above facility/support for six months ending on February 28, 2010, the central bank has devised mechanisms, in consultation with the Ministry of Textile Industry, under which eligible borrowers of the textile sector will be provided Mark-up Rate Facility under SBP Export Finance Scheme and the Mark-up Rate Support against long term loans availed from banks/DFIs.

According to two separate Circulars (SMEFD Circular No 3 & 4) issued on Monday, Export Finance Mark-Up Rate Facility shall be admissible to the extent of 2.5 percent pa on the outstanding finance facility to Textile Industry under SBP's Export Finance Scheme (EFS), whereas maximum mark-up rate support will be admissible to the extent of 5 percent pa or the difference in mark-up rate between floating rate loan and Long Term Financing Facility (LTFF) rate, whichever is lower.

The amount of support shall be paid by the commercial banks/DFIs to the eligible borrowers at their respective branches, provided the borrowers have on-line Registration Certificate issued by Ministry of Textile Industry.

The Circulars said the EFS mark-up facility shall be admissible only for the number of days refinance facility remains outstanding under EFS, while mark-up rate support shall be admissible on the principal amount of loans outstanding on reducing balance basis and the loans disbursed by the banks/DFIs up-to August 31, 2009 shall qualify for the support.

According to the Circulars, the amount of facility/support shall be paid by commercial banks/DFIs on six-monthly basis in March and September each year, subject to release of necessary budgetary allocation by the Federal Government for relevant fiscal year. Accordingly, support for six months ending on 28th February 2010 (from 01-09-2009 to 28-02-2010) shall be paid from the date of issuance of these circulars up-to April 23, 2010.

However, final dates for payment of Support in the next period shall be announced separately on receipt of budgetary allocations from Government of Pakistan for the respective periods. According to the Circulars, the banks/DFIs shall pay to eligible borrowers to the extent of 60 percent in case of EFS mark-up rate facility and 70 percent in case of mark-up rate support of the total amount worked out for six months period from 01-09-2009 to 28-02-2010.

The remaining amount of subsidy will be provided upon receipt of funds from Ministry of Finance as and when received, the circulars added. They said after making payments of support, the disbursing branch of banks/DFIs can seek its reimbursement from the concerned offices of the SBP-BSC as per the guidelines and that no service charges, fee etc of whatsoever nature shall be recovered by the bank/DFI from the borrower(s) for processing of these claims.

The Circulars said no claim for six months ending on 28th February 2010 of Mark up Rate Support shall be entertained after April 23, 2010. Banks/DFIs are, therefore, advised to ensure that all eligible cases are submitted by their concerned branches to the respective offices of SBP BSC (Bank) as per schedule.

It may be mentioned that the Federal Government had announced Export Finance Mark-Up Rate Facility and Mark-up Rate Support for Textile Sector effective September 1, 2009 and pursuant to the release of budgetary allocation by the Ministry of Finance for payment of this support for six months ending on 28th February, 2010 the State Bank has devised the procedure so that borrowers of the textile sector can avail the facility/support.

No service charges, fee etc of whatsoever nature shall be recovered by the bank from the exporter(s) for processing of these claims. It may be mentioned here that effective September 1, 2009 the Government of Pakistan has announced 'Export Finance Mark-Up Rate Facility' of 2.5percent to the exporters of Textile Industry on outstanding loans availed by the industry from commercial banks for export of eligible commodities under SBP's Export Finance Scheme.
Title: Re: Textile Sector
Post by: Learner7 on March 26, 2010, 09:49:13 PM
Textile machinery imports ink growth
March 26, 2010 (Pakistan)


The textile sector has once again started investing towards enhancement of its production capacity and this is apparent as, over February 2009, there has been a phenomenal hike in the import of textile machinery for corresponding month this year.

The textile sector has managed to survive despite dismal situations prevailing in the sector, and kept on investing in imports of textile machinery. Industry sources have divulged that, the import cost which was US $7.992 million during February 2009 has gone up to $23.10 million in February this year, depicting a growth of around 190 percent.

Textile machinery imports for the period of July to February in this fiscal year touched $163.844 million, thus reflecting a hike of 3.11 percent over the imports in corresponding period in previous fiscal year, when it reached $158.897 million.


The boost in imports of textile machinery has been witnessed after an elongated spell of decline, which followed an era when imports were amplifying as fresh investments flowed in the industry, as the quota system in respect of textile exports was abolished.

The country’s textile sector was badly hit by the strong competition from overseas markets, which rendered it uncompetitive in its conventional markets. The sector was hit by high tariff slabs prevailing in respect of its goods, which were comparatively low for competing countries like Bangladesh and Vietnam, who received preferential treatment, and thus greater market access in European and American markets

As China and India offered power and finance at subsidized rates by means of concessions and incentives, there was a devastating effect on textile goods sector in Pakistan which was affected by the domestically persistent issues like, comparatively higher financing cost and scarce availability of power and gas, that too at high rates.

At present the investments are mainly being made in the denim sector, and no investments have been attracted by the spinning and value-added sector. Nonetheless, capacity enhancement is being considered by the spinners, due to ever-increasing demand from international markets for Pakistani yarn

http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=83999
Title: Re: Textile Sector
Post by: Farzooq on April 01, 2010, 09:10:46 AM
SBP increases EFS, LTFF refinance rates
RECORDER REPORT
KARACHI (April 01 2010): The State Bank of Pakistan on Wednesday announced raise in the rates of refinance under the Export Finance Scheme (EFS) and Long-Term Financing Facility (LTFF) by 0.50 percent and 1.10 percent, respectively, following IMF condition to eliminate subsidies on loans. The new revised financing rates, under EFS and LTFF, would be charged from April 1, 2010.

Sources said that under the Stand-by Arrangement, the government has assured the International Monetary Fund (IMF) to phase out subsidies on mark-up for export-oriented units and, as per agreement with the Fund, interest mark-up rates for EFS and LTFF will be increased in steps to the level of the weighted average yield on six-month T-bills and yields of the same tenor for Pakistan Investment Bonds by end of September 2011.

At present, the central bank is operating special schemes comprising EFS and LTFF for the export-oriented units with the aim to boost the country's depleting exports and generate foreign exchange for external payment, sources said, and added that since September 2009 the SBP has been increasing interest rates of these schemes to meet one of IMF conditions.

The SBP has revised the rates of refinance under the EFS to raised it by 0.50 percent from April 1, 2010 and onward till further instructions. The rate of refinance would be 8 percent per annum as compared to 7.5 percent previously. According to SMEFD Circular No 5, the commercial banks will ensure that where financing facilities are extended by them to the exporters for availing refinance facilities under the Export Finance Scheme, their maximum margin/spread does not exceed 1 percent pa.

Now exporters would borrow loans for export purpose under EFS at 9 percent mark-up, against 8.5 percent previously. It said the financing facilities under Part-B (Export Sales) of the scheme for financing locally manufactured machinery shall also attract similar mark-up rate structure.

"The reimbursement of mark-up rates benefit to exporters, on excess performance under Part-II of the Scheme, as specified in SMEFD Circular No 15 dated October 31, 2009, will be adjusted accordingly keeping in view the revised mark-up rates," the Circular said.

In addition, SBP also revised the rates of service charges for participating financial institutions (PFIs) and the rates for end users under the Long Term Financing Facility (LTFF) from April 1, 2010. Interest rate for end users under the LTFF has mounted to 10.50 percent on ten years' financing.

SBP would provide financing at 8.80 percent for up to three years loans, while PFIs would charge 1.5 percent and end user rate would be 10.30 percent from April, which was previously 9.20 percent. The central bank has increased 0.7 percent mark-up on over three to five years' financing and would provide financing at 7.90 percent, and PFIs' speared will be 2.5 percent.

End user rate for up to five year financing would be 10.40 percent as compared to 9.70 percent previously. Over 5 years and up to 10 years, SBP rate would be 7.50 percent with 3 percent speared of PFIs end user rate would be 10.50 percent, previously stood at 10.25 percent.
Title: Re: Textile Sector
Post by: sumbul on April 02, 2010, 11:01:42 AM
SELL ALL TEXTILE RELATED SHARES SINCE INCREASE IN EFS RATES IS A BAD NEWS  :thumbsdown_anim:
Title: Re: Textile Sector
Post by: Farzooq on April 07, 2010, 11:05:33 AM
All untargeted textile subsidies may be abolished by June 2011
MUSHTAQ GHUMMAN
ISLAMABAD (April 07 2010): The federal government is expected to abolish the entire textile sector's untargeted cash subsidies by June 30, 2011 as per the agreement with Asian Development Bank (ADB), sources close to Secretary, Economic Affairs Division (EAD), told Business Recorder.

The Bank has attached this condition under the 'Accelerating Economic Transformation Program' (AETP)-subprogram-III. An inter-ministerial committee discussed progress on the targets set by the ADB against its loan under the AETP. The government has been requested to adopt textile policy 2009-14 and issue new incentives and subsidies under the textile policy in line with best principles of industrial support, approve tax incentives for highly sophisticated textile products and establish a system to differentiate fabrics, made-ups and garments for progressive rebates.

Sources said that the government has decided to eliminate all untargeted cash subsidies by June 30, 2011, besides ensuring that all notifications under textile policy are in line with best principles. It has also been decided to systematically target higher value products, including technical and synthetic textiles.

The indicative policy actions to be taken by the government by June 4, 2011 will also increase FY2011 budget allocation for BISP to provide income support for at least 7 million families. Other targets are rolling out payments under the new targeting system to 0.3 million families in 16 pilot districts, strengthening BISP's fiduciary structure, including reconciliation of the benefit payments and reconstitution of BISP Management Board in accordance with the provisions of the BISP Ordinance, 2009.

Sources said the government has directed the concerned stakeholders to disburse at least 80 percent of all BISP grants under the new targeting system. To address power sector problems, the ADB had asked the government to ensure enactment of Nepra legislation and determine budgetary shortfall due to tariff differential for FY 2010 and identify resources.

The government, sources said, has finalised reforms to minimise tariff differential subsidy to be implemented in FY 2011. It has also been decided to improve the methodology for quarterly tariff determination and fuel price adjustments for smoother implementation. Another decision is to move from universal to disco-wise tariff, initially through quarterly adjustments

The Pakistan Electric Power Company (Pepco) has been asked to adopt 2010-11 business plan with clear targets for (i) net electricity generation and sales; (ii) system losses; (iii) maintaining cost and merit based dispatch for generation plants; (iv) IPPs to be operating at optimal capacity; (v) optimising generation capacity; and (vi) timely reimbursement of cost of units sold to FATA region. Sources said that Pepco has already submitted its business plan to the government.
Title: Re: Textile Sector
Post by: Farzooq on June 08, 2010, 10:30:10 AM
Federal Budget: government drops Textile Ministry's demand for Rs 46 billion allocation
TAHIR AMIN
ISLAMABAD (June 08 2010): The fate of the textile industry is in limbo as the government has dropped Textile Ministry's demand to allocate Rs 46 billion for different initiatives that were integral components of the textile policy (2009-14) in budget 2010-11, Business Recorder has learnt reliably.

According to the budget documents, there is no subsidy for textile industry and the government has made no allocation for different schemes under the textile policy including Textile Investment Support fund, drawback of local taxes, refund of past Research and Development (R&D) claims, mark-up rates and magnetisation of PTA.

Informed sources revealed that the Textile Ministry had proposed to the government to allocate Rs 46 billion in the budget for 2010-11 for different initiatives but received no allocation in the budget. The government had announced Rs 42 billion for textile export promotion under the textile policy in the budget 2009-10 of which 67 percent was to be spent on textile and clothing industry with a view towards consolidation and value addition of the sector. Sources revealed that textile policy might not achieve the desired result as the Finance Ministry released only Rs 9.75 billion against a request for Rs 40 billion for 2009-10.

Out of the total allocation, the Textile Ministry earmarked Rs 17 billion for drawback, but due to inadequate release by the Finance Ministry it released only Rs 2.7 billion. The Textile Ministry had issued three notifications for the implementation of the policy, under which textile manufacturers would receive three percent drawback on garments, two percent on home textile and one percent on fabrics. But due to inadequate funds the Ministry is facing problems in implementation, sources added.

Similarly an amount of Rs 5.4 billion was allocated for 60 percent remaining R&D claims, but the Ministry has released only Rs 3 billion. Out of Rs 42 billion, Rs 4.5 billion was allocated for magnetisation of PTA, but only an amount of Rs 1.7 billion has been released. Similarly the Textile Ministry has released Rs 1.25 billion against Rs 5 billion for mark-up rate due to non-availability of resources.

When contacted, Waqar Masood Secretary Textile Industry showed his ignorance about the budgetary allocation. He said that the matter is still not clear and stated that 'we will go to the Finance Ministry for the clarification'. Dr Mirza Ikhtiar Baig Advisor to Prime Minister on Textile said that the government had earmarked a huge amount of Rs 40 billion for textile export promotion to achieve export target of $25 billion in the next five years.

"We are still not clear about the allocation for the fund in the budget for 2010-11 as it is also not mentioned in the finance bill. We are trying to get information about the allocation for the said purpose", Dr Baig said.
Title: Re: Textile Sector
Post by: M&M on September 12, 2010, 09:52:19 AM
Europe bids to aid Pakistan with trade favours (http://www.thenews.com.pk/latest-news/1078.htm)
Title: Re: Textile Sector
Post by: Poker Face on September 12, 2010, 12:39:59 PM
Good news for Nishat Mills. Lets see what impact it will have on NML and NCL ::)
Title: Re: Textile Sector
Post by: M&M on September 12, 2010, 02:00:55 PM
Good news for Nishat Mills. Lets see what impact it will have on NML and NCL ::)

'AMTEX' too ..
Title: Re: Textile Sector
Post by: M&M on September 14, 2010, 09:25:24 AM
Europe preparing to grant Pakistan extraordinary trade concessions (http://www.dailytimes.com.pk/default.asp?page=2010\09\14\story_14-9-2010_pg5_10)
Title: Re: Textile Sector
Post by: M&M on September 16, 2010, 03:22:11 PM
EU agrees to give Pakistan textiles better market access

KARACHI - The EU has decided to accept Pakistan’s request of allowing its textile goods a preferential market access to the European trade markets with an aim to help recover country’s fragile economy from devastating floods, which have caused widespread damage and losses to economy, especially the agriculture sector. The formal declaration from the EU with regard to this decision is expected to be made soon, most probably next month.
Sources, privy to this matter, told The Nation on Wednesday that the European Union after having a long discussion with the representatives of member countries in Brussels keeping in view the magnitude of the recent calamity and its short-to-medium term effects on economy has decided to provide some concessionary trade facilities to Pakistani textile exporters.
The assessment analysis for the preconditions of said facility by the top EU officials has been completed. However, the terms and conditions related to this agreement are yet to be finalised.
Though, it is not clear which incentive package the Western nations are going to offer Pakistani textile products to enter into the vast exporting markets of Europe, but most of the stakeholders of local textile sector are still skeptical and see very few chances for obtaining GSP plus status from EU for Pakistan despite qualifying the rules and regulations necessary to take this advantage, particularly when some member countries have some objection over the poor labour standards, product quality and weak industrial base of the textile sector.
Sources said UK and Germany are the strong supporters of Pakistan in this case and both countries have been pushing EU decision makers to ease the regulations of GSP plus schemes for the last few months to add eligible developing countries to it.
Sources applauded the role of Shah Mahmood Qureshi, Foreign Minister Pakistan and Waqar Masood Khan, Secretary of the Federal Ministry of Textile Industries in presenting Pakistan’s case before the EU officials at a meeting held in Islamabad with a view to discuss the state of economy and losses assessment in the aftermath of the heavy floods.

Source:
ishareditfirst (http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Business/16-Sep-2010/EU-agrees-to-give-Pakistan-textiles-better-market-access)
Title: Re: Textile Sector
Post by: Poker Face on September 16, 2010, 03:38:24 PM
M&M bhai Kya khayal hai Nishats mein exposure barhaya jaye ya hold hi rakhoon?
Title: Re: Textile Sector
Post by: M&M on September 16, 2010, 07:21:09 PM
M&M bhai Kya khayal hai Nishats mein exposure barhaya jaye ya hold hi rakhoon?

if u compare 'KSE-100' chart with 'NML' u'll see some resemblance ..
full years financials dekh ker hi long-term ke barey mey kuch kaha jaasakta hey .. abhi site per upload nahin hua hey
can be bought for short-term or daytrading on news flow ..
also keep a check on RSI ..
Title: Re: Textile Sector
Post by: M&M on September 16, 2010, 07:34:07 PM
Indian exporters cancel orders of 0.2m bales

* Demand higher rates for their produce

By Razi Syed

KARACHI: The Indian traders have dishounored confirmed orders of 200,000 cotton bales by Pakistani traders, All Pakistan Textile Mills Association (APTMA) said Wednesday.

Pakistan has so far confirmed orders of 522,000 bales out of which Indian exporters have denied maturity of 200,000 bales deals, APTMA member Shahzad Ahmad said.

He said Pakistani importers would now have to pay around 59 cents per pound on import of cotton from India, which is much higher than the previous cancelled orders.

Pakistan lint importers are considering to go for arbitration service of International Cotton Association (ICA) on cancellation of 200,000 cotton bales orders by Indian exporters.

"Indian exporters betrayed the confirmed orders by Pakistani importers without assigning any valid reason causing a huge financial loss to them," he maintained .

The refusal of 200,000 bales export from India is a sheer violation of bylaws and rules of ICA, Liverpool as this is a contract dispute on international level, he said.

Indian traders are now asking $1.05 per pound, as the import orders by Pakistani importers were booked for around 54 cents per pound.

He said Pakistan's textile sector would have to bear a burden of around $970 million for import of cotton to fulfil its immediate requirements of the produce from other sources.

Indian cotton prices increased around 50 percent and cancellation of Pakistani orders on grounds of difference in import price caused increase in domestic lint prices, he added.

"Indian traders have a habit to ask the price difference even on confirmed import orders and this happened twice before when Pakistani importers faced their unlawful demand in past," he maintained.

We want an impartial and internationally recognised arbitration service that upholds the sanctity of Pakistani contracts in order to promote good trading practice, he asserted.

The Pakistan High Commissioner (HC) in India should also come forward to help the businessmen especially dealing in cotton between the two countries, cotton analyst Shakeel Ahmad said.

"There should be a mechanism in HC to support Pakistani counterparts while dealing with Indian exporters on determining terms according to the law of land of both the countries," he maintained.

Ahmad personally asked Pakistan HC Shahid Malik in India to take interest in the commercial activities in order to minimise the financial miseries of cotton importers.

He also asked the HC trade commissioner in Delhi Naeem Anwer and trade consular Anjum Zafar for possible help as they are working hard for the promotion of current trade ties between the two countries.

He said after lifting ban on cotton export from October 1, 2010, the HC can help Pakistani importers by using diplomatic sources to revise the old orders, which had been cancelled without any valid reason.

He said in the last deals at the behest of Gujrat exporters, the Indian government had imposed an export duty on the produce besides they raised export price to Rs 6,300 per 100 kilogrammes in Pak rupee.

ICA arbitration awards can be enforced in foreign courts under international law, following an agreement made in New York on June 10, 1958 on the recognition and enforcement of foreign arbitral awards.

Internationally recognised in the cotton community, the ICA protects the legitimate interests of all those who trade cotton, whether buyers or sellers.

Source:
Cancelling-effect (http://www.dailytimes.com.pk/default.asp?page=2010\09\16\story_16-9-2010_pg5_14)
Title: Re: Textile Sector
Post by: Poker Face on September 16, 2010, 08:59:35 PM
M&M bhai Kya khayal hai Nishats mein exposure barhaya jaye ya hold hi rakhoon?

if u compare 'KSE-100' chart with 'NML' u'll see some resemblance ..
full years financials dekh ker hi long-term ke barey mey kuch kaha jaasakta hey .. abhi site per upload nahin hua hey
can be bought for short-term or daytrading on news flow ..
also keep a check on RSI ..

And Nishat Chunnu?
Title: Re: Textile Sector
Post by: M&M on September 16, 2010, 09:52:56 PM
M&M bhai Kya khayal hai Nishats mein exposure barhaya jaye ya hold hi rakhoon?

if u compare 'KSE-100' chart with 'NML' u'll see some resemblance ..
full years financials dekh ker hi long-term ke barey mey kuch kaha jaasakta hey .. abhi site per upload nahin hua hey
can be bought for short-term or daytrading on news flow ..
also keep a check on RSI ..

And Nishat Chunnu?

I don't cover 'NCL', maybe someone who does will guide you better ..
generally speaking, if market invests on the news flow, it will/shud boost the entire textile sector.
 :thanks:
Title: Re: Textile Sector
Post by: Poker Face on September 16, 2010, 09:57:54 PM
Guzarish yeh thi ke cotton ki price increase ho sakti hai aur doosri taraf EU market mein better access ho sakti hai to textiles mills ki medium term profitability pe kya asar ho sakta hai if we consider combined effect of both cotton price and exports?
Title: Re: Textile Sector
Post by: M&M on September 16, 2010, 10:07:15 PM
Guzarish yeh thi ke cotton ki price increase ho sakti hai aur doosri taraf EU market mein better access ho sakti hai to textiles mills ki medium term profitability pe kya asar ho sakta hai if we consider combined effect of both cotton price and exports?

cancelling-effect [it's not easy to analyze in numbers as yet] ! that's why I was saying good for short-term/daytrading on positive news flow ..
Title: Re: Textile Sector
Post by: Farzooq on September 17, 2010, 11:35:55 AM
EU to grant Pakistan limited trade concessions (Analyst comment)

Print media reports today suggest that Pakistan could be granted interim trade concessions to the
EU as part of the latter’s effort to provide post-flood relief to the country; after considering the
industrial sensitivity in the EU, notably textiles. We await details to see if textile is included in the
EU deal and if so to what extent. The EU is Pakistan’s single largest textile export destination with
32-33% share in total textile exports. This would then be a small sliver lining for the sector which
has Jan-to-date underperformed the KSE and where concerns on cotton prices/supply post floods
are an added concern. The news report also says that GSP plus may be on the cards for 2014.
Title: Re: Textile Sector
Post by: Farzooq on September 18, 2010, 10:02:29 AM
Europen Union intend to provide relief to Pakistan’s economy to combat the flood situation
in the country through giving relaxation in the import duty of textile products. In today's
Value Seeker, we present our analysis regarding the impact on textile sector of the said
measure.

A positive flood for textile
Pakistan is waiting the final decision from the European Union (EU) to grant concessional
trade tariff for the country's textile exports. After the cotton crop damages by flood in the
country, the EU wants to provide some support to bleak economy through concessional
import tariff on Pakistan's textile, besides the aid for flood victims. Previously, Pakistan's
textile sector was enjoying duty free excess to EU till 2004 owing to combat against drug
production and trafficking. After this, EU imposed 12% import duty on Pakistan's textiles
products, however, after successful negotiations, EU relaxed duty structure to 9.6% on
some key products excluding bed linen and towels, (both consist around 24% of textile
export to EU). Currently, Bangladesh and Sri Lanka are benefiting from the zero duty regime
on imports from these countries.
Currently, the country exports ~USD4.6bn (24% of total export) to EU. Out of this, textile
alone consists 68% or USD3.1bn, therefore any relaxation in import duty from EU could open
the new horizons for the textile sector.

Excellent opportunity for export oriented textile companies
After the high cotton prices coupled with rising interest rates, any relaxation on import duty
from the EU for textile sector could provide a gigantic opportunity to minimize the impact
of above mentioned challenges. Nishat Mills Limited (NML) and Nishat Chunian Limited
(NCL), the two textile companies under our coverage, would remain prime beneficiaries
by any such decision. This is due to a significant portion of their exports to EU. As per company
management, NML exports 50% of its total export to EU while NCL exports 20% to 30% of
total export to EU.

10% rise in textile exports is expected
With the decision of EU to provide duty-free access for Pakistani textile products to its
market, we believe the country would be able to increase its textile export by 10% to
USD10.9bn for FY11. Only in EU, the textile is expected to reach USD4bn (+32%YoY). We
foresee any positive decision by EU to have a significant impact on not only the overall
exports of the country, but also have prominent impact on textile companies.
We recommend 'Buy' on both NML and NCL at a target price of Rs74/sh and Rs24/sh
respectively.

Invest Cap
Title: Re: Textile Sector
Post by: M&M on September 19, 2010, 11:44:45 AM
Export-oriented sectors: government's intention to withdraw zero rating criticised

KARACHI (September 19, 2010): Chairman Site Association of Industry (SAI), Salim Parekh has criticised the government's intention to withdraw zero rating from five export oriented sectors. He was of the view that discontinuity of zero rating will lead to another circular debt for Pakistan.

Full story:
http://www.brecorder.com/index.php?id=1103739&currPageNo=1&query=&search=&term=&supDate=
Title: Re: Textile Sector
Post by: M&M on October 01, 2010, 12:14:18 PM
SBP raises export finance rate to 9pc

KARACHI, Sept 30: The State Bank on Thursday increased the rate under Export Finance Scheme (EFS) by 0.5 per cent drawing strong reaction from the exporters who termed the move to abolish this subsidy intended to support the export sector.

The central bank in a circular said the EFS rate had been increased to 9 per cent from 8.5 per cent while the spread would be one per cent.

The cheaper export financing has been a major source for higher export growth, but the IMF wants Pakistan to withdraw all kinds of subsidies.

However, the export financing at 10 per cent is still cheaper than the policy interest rate which was increased by 50 basis points to 13.5 per cent on Wednesday.

The business community especially the exporters were worried with the increase in EFS rate. They said every major economic indicator was against their export target, which the government believes is achievable.

“The increase in EFS rate is horrible for the entire export sector and it will be counterproductive for the balance of trade,” said Ateeq-ur-Rehman, Chairman Banking and Insurance Sub-Committee of Karachi Chamber of Commerce and Industry (KCCI).

He said the move would hurt exports and widen the trade deficit forcing the country to borrow more from the IMF.

The government wants to increase exports while at the same it has arranged many factors to destroy the export industry, lamented exporters.

“How can an industry survive with higher interest rate of 13.5 per cent which will certainly increase the cost of production too high to sustain,” said Aamir Aziz, a textile goods manufacturer and exporter.

He said the prices of raw material had gone up beyond manageable position, which demands extra support from the government to keep the wheels of the industry turning.

“Instead of supporting us the export rate facility has been made more costly which I think is a message to wind up the businesses in Pakistan,” remarked Aziz.

Other exporters said they earned precious foreign exchange for the country but the government was targeting the export sector by increasing policy interest rate and now the EFS rate.

They said the inflation had risen further after floods pushing up the prices of raw material especially cotton, which is the base material for all textile mills. The cotton is short in production and prices are much higher than last year.

Source:
watever (http://beta.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/business/sbp-raises-export-finance-rate-to-9pc-100)
Title: Re: Textile Sector
Post by: M&M on October 01, 2010, 10:53:42 PM
SBP raised EFS and LTFF mark up rates

State Bank of Pakistan has increased the markup rates for the Export Finance Scheme (EFS) and Long Term Financing Facility (LTFF) in response to the IMF condition to eliminate the subsidies on these schemes. As per the agreement with IMF, the markup rates for EFS and LTFF will be increased in steps to the level of the weighted average yield on 6M T-bills and 6M PIBs by end-September 2011. The EFS rates have been increased by 50 bps to 10% including 1% service charges. Similarly, SBP has announced to increase the markup rates of 3, 5 and over 5 years LTFF by 70 bps inching the rates to 11%, 11.1% and 11.2% for the end users. 

These special schemes EFS and LTFF are in place for the export oriented units in order to boost Pakistani exports. The current economic situation calls for fast track measures  to enhance exports as the depreciating local currency and rising imports numbers due to floods catastrophe pose serious challenges to the economic growth of the country. These measures would further tighten the competitiveness of the local exportable products which is already under pressure of rising cost of production.

Courtesy: AFSBB
Title: Re: Textile Sector
Post by: guru1 on October 02, 2010, 12:07:58 AM
SBP raised EFS and LTFF mark up rates

State Bank of Pakistan has increased the markup rates for the Export Finance Scheme (EFS) and Long Term Financing Facility (LTFF) in response to the IMF condition to eliminate the subsidies on these schemes. As per the agreement with IMF, the markup rates for EFS and LTFF will be increased in steps to the level of the weighted average yield on 6M T-bills and 6M PIBs by end-September 2011. The EFS rates have been increased by 50 bps to 10% including 1% service charges. Similarly, SBP has announced to increase the markup rates of 3, 5 and over 5 years LTFF by 70 bps inching the rates to 11%, 11.1% and 11.2% for the end users. 

These special schemes EFS and LTFF are in place for the export oriented units in order to boost Pakistani exports. The current economic situation calls for fast track measures  to enhance exports as the depreciating local currency and rising imports numbers due to floods catastrophe pose serious challenges to the economic growth of the country. These measures would further tighten the competitiveness of the local exportable products which is already under pressure of rising cost of production.

Courtesy: AFSBB
I am unable to understand our economic managers. Are they stupid. Look they beg IMF for balance of payment problem and budgetry support and in turn accept such condition which worsen the problem.Increase in discount rate lowers growth so less revenue and hence creates more reliance on IMF. Increase in EFS etc rates hence  less exports then more reliance on IMF.Increase in power tarrif results in higher cost of production therefore less revenue and less exports , hence more reliance on IMF. All this negatively affects stock market , hence less revenue , less FPI, bad image about country's economy , hence less FDI ,low rating , rupee devalues , debt increses import bill increses and we have to borrow more from IMF to bridge the gap.   Whats this non- sense . We are giong into deadly debt trap.We dont need to levy more  taxes on existing tax payers, just stop tax evasion   which is not so difficult to do  and all problems will be over. Khuda k liay apnay paon pay khud kharay hona seekho . .














Title: Re: Textile Sector
Post by: asimsaim on October 02, 2010, 03:16:09 AM
SBP raised EFS and LTFF mark up rates

State Bank of Pakistan has increased the markup rates for the Export Finance Scheme (EFS) and Long Term Financing Facility (LTFF) in response to the IMF condition to eliminate the subsidies on these schemes. As per the agreement with IMF, the markup rates for EFS and LTFF will be increased in steps to the level of the weighted average yield on 6M T-bills and 6M PIBs by end-September 2011. The EFS rates have been increased by 50 bps to 10% including 1% service charges. Similarly, SBP has announced to increase the markup rates of 3, 5 and over 5 years LTFF by 70 bps inching the rates to 11%, 11.1% and 11.2% for the end users. 

These special schemes EFS and LTFF are in place for the export oriented units in order to boost Pakistani exports. The current economic situation calls for fast track measures  to enhance exports as the depreciating local currency and rising imports numbers due to floods catastrophe pose serious challenges to the economic growth of the country. These measures would further tighten the competitiveness of the local exportable products which is already under pressure of rising cost of production.

Courtesy: AFSBB
I am unable to understand our economic managers. Are they stupid. Look they beg IMF for balance of payment problem and budgetry support and in turn accept such condition which worsen the problem.Increase in discount rate lowers growth so less revenue and hence creates more reliance on IMF. Increase in EFS etc rates hence  less exports then more reliance on IMF.Increase in power tarrif results in higher cost of production therefore less revenue and less exports , hence more reliance on IMF. All this negatively affects stock market , hence less revenue , less FPI, bad image about country's economy , hence less FDI ,low rating , rupee devalues , debt increses import bill increses and we have to borrow more from IMF to bridge the gap.   Whats this non- sense . We are giong into deadly debt trap.We dont need to levy more  taxes on existing tax payers, just stop tax evasion   which is not so difficult to do  and all problems will be over. Khuda k liay apnay paon pay khud kharay hona seekho . .

 This is the voice of every Pakistani.  But you know why we are rated as 3rd world country . ? why we accept all humiliating   conditions  from IMF?

 Why we are beggars after 63 yrs passed ? why we lost half of the country ? Why we were  ruled by Army for more than half of our country life span ?  Why we are still hearing the sounds of separation from  our different provinces ?  why our BOP deficit is increasing ?   

Only one answer ..  Please Take some Coffee .  Jago bhaio jago.   :laugh:
Title: Re: Textile Sector
Post by: Farzooq on October 08, 2010, 11:50:03 AM
EU Concessions to benefit local textile manufacturers
The EU commission yesterday agreed to remove tariffs on 75 types of Pakistani man made goods which account for 27% of exports to the EU, including textile and ethanol. The list however omits bed- linen which accounted for 16.8% of total textile exports in FY10, due to EU industry opposition. This scheme however must be approved by EU government, the European Parliament and members of the World Trade Organization, including India, Sri Lanka and Bangladesh, which compete with Pakistan for textile sales to Europe. Full approval and implementation of the plan would hopefully start by January 2011 (2H FY11). It is expected to increase Pakistani exports to the EU by 100 million Euros.

Currently, there is no regulatory duty on exports of raw cotton and yarn in Pakistan as an incentive to exporters to boost trade after Pakistan was hit by the floods. After implementation of the EU plan, we expect that exports of yarn and raw cotton to the EU could increase substantially as farmers and local spinning units would try to reap benefits of higher prices prevailing internationally for cotton. This would hurt the local downstream industry as they would face shortage of raw materials for the value added products. Hence, we foresee the local government being pressurized to increase duties on the raw materials by the value added sector. 

The companies which could benefit from this plan are vertically integrated firms such as NML, NCL, ANL and AMTEX. NML remains our preferred pick from the lot, as it trades at a trailing PE multiple of 5.8x at current levels compared to its historic average PE of 7.5x. Moreover, FY11 earnings of the vertically integrated textile unit are expected to be supplemented by dividend stream from its investment in IPPs NPL, AES Pak Gen and AES Lalpir.
Title: Re: Textile Sector
Post by: ihashishin on October 12, 2010, 01:19:31 PM
October 12, 2010 (JS Research)

Pakistan’s textile sector performed commendably in FY10 with a stellar earnings growth of 690%YoY. Spinning, weaving and composite all registered impressive earnings performance. The spinning sector was the star performer as it turned to profitability from a loss in FY09. For our sector analysis, we have put together a sample of 26 spinning, 5 weaving and 17 composite companies, which represent 80%, 98% and 86% of the market capitalization of their respective sub sectors.


Textile sector: Earnings up by 690%

The sector’s topline grew by a decent 27%YoY to Rs277bn in FY10 not only on the back of better product prices in export and local markets but also owing to an up tick in volumes and the Rupee’s depreciation versus US$ (avg. 6% in FY10). High cotton and yarn prices especially in 2HFY10 augmented revenues, pushing FY10 gross margins up by 212bps to 17%. Moreover, a 36%YoY increase in Other Income and 14%YoY decrease in finance cost further supported earnings growth. Resultantly, the sector registered phenomenal earnings growth of 690%YoY to Rs17bn.


Spinning sector: Remarkable U-turn to profitability

The spinning sector performed extremely well in FY10 with revenues escalating to Rs86bn from Rs63bn in FY09, up 36%. Gross margins surged significantly, by 649bps to 18%. This was predominantly on the back of a global production shortfall which pushed up cotton and yarn prices in the latter half of the year. Consequently, domestic spinners in addition to the local market were able to increase sales in the international markets, earning hefty margins due to lower procurement prices. Export of cotton yarn increased by 27%YoY to US$1.4bn with average export cotton yarn prices rising to record levels in 2HFY10. Overall, the spinning sector ascended into profitability, earning Rs7bn versus a loss of Rs1bn in FY09.


Weaving sector: Rs286mn profits in FY10

The weaving sector’s revenue increased to Rs13bn (up 10%YoY) with gross margins remaining flat at 11%. Higher Other Income (up 143%YoY) and reduced financial charges (down 16%YoY) pushed the sector into the profit zone as it reported a bottomline of Rs286mn from a loss of Rs110mn in FY09.


Composite sector: Earnings improve by 188%

The composite sector’s topline improved by 25% to Rs178bn with gross margins improving to 18% (up 27bps YoY). This was mainly attributable to higher volumetric sales, a profitable product mix and an increase in the prices of the products. As was the case with the other two sectors, the declining KIBOR rates kept financial charges down to Rs12bn. Consequently, net profit improved by 188% to Rs9bn in FY10.


Outlook

The spinning segment evidently played a dominant role in driving the sector’s growth in FY10, however, hefty yields on yarn exports was a one off phenomenon and we expect the profitability trend to normalize FY11 onwards. Our assumption is based on the premise that the cotton prices are already touching new peaks in the current procurement season and might not allow local spinners to earn significant margins this year.

The two companies under our coverage, NCL and NML, have diversified their exposure into the power business, which reduces the risk of any cyclical downturn in their core business. Hence, we maintain our ‘Buy’ call on NML and ‘Hold’ on NCL.
Title: Re: Textile Sector
Post by: Farzooq on November 04, 2010, 10:10:58 AM
IMF rejects Pak plea to exempt textile sector from RGST
 
 
 
By Hanif Khalid
 ISLAMABAD: The International Monetary Fund (IMF) has turned down Pakistan’s request to exempt textile sector from Reformed General Sales Tax (RGST).
The IMF mission was to stay in Pakistan till November 3 but it has extended its stay for two more days. The IMF mission will meet President Asif Ali Zardari and Prime Minister Syed Yusuf Raza Gilani to get assurance from them for the implementation of conditions made during week-long talks in Islamabad.
Well placed sources said the electricity tariff would be enhanced every month from November 2010 to June 2011. A notification about the 2 percent increase in electricity tariff has been issued in November 2010, while the power tariff will be enhanced by 2 percent from every first date of the month in next seven months. And in this way, the consumers will have to pay further 14 percent power tariff till June 30, 2011, which will create unstoppable storm of price-hike in the country. The IMF mission will return to Washington after holding meetings with the president and prime minister and will submit its report to the board there.
 
Title: Re: Textile Sector
Post by: Trademaster on November 04, 2010, 10:59:30 AM
Sir.

Wht about NML. will it go down after this news.

I have a holding of it plz reply
Title: Re: Textile Sector
Post by: Trademaster on November 04, 2010, 12:29:16 PM
Pls koi to reply karo
Title: Re: Textile Sector
Post by: M&M on November 04, 2010, 01:14:22 PM
Pls koi to reply karo
profit mey ho to sell kero .. tension na lo
Title: Re: Textile Sector
Post by: Trademaster on November 04, 2010, 01:31:34 PM
Thnx dear.

Loss mein ja raha tha is liye tension ho rahi thi.

But now it seems better thora oper aaya hai.   
Title: Re: Textile Sector
Post by: M&M on November 04, 2010, 01:45:36 PM
Thnx dear.

Loss mein ja raha tha is liye tension ho rahi thi.

But now it seems better thora oper aaya hai.   
ye time sahee nahin .. rally to hochuki hey - it's time for correction
stay vigilant.
Title: Re: Textile Sector
Post by: M&M on November 24, 2010, 12:08:23 PM
Exports hit all-time high in October (http://tribune.com.pk/story/80910/exports-hit-all-time-high-in-october/)
Title: Re: Textile Sector
Post by: M&M on November 27, 2010, 12:50:09 PM
The fate of the proposed European Union trade package for Pakistan will be decided on Nov 30 in a meeting of 154 members of the World Trade Organisation (WTO).

full story (http://www.thenews.com.pk/27-11-2010/business/17422.htm)
Title: Re: Textile Sector
Post by: Farzooq on December 09, 2010, 12:34:49 PM
Zero-rating regime to continue for textile exports
Off late, the textile industry has had major concerns regarding
the withdrawal of the zero-rating regime for the export centric
segment of the textile industry. However, according to the
latest news reports, the country’s President has assured the
continuity of this regime for textile exports under the
Reformed General Sales Tax (RGST). This would clearly offer
reason for manufacturers with export business to be relieved.
Our valuations for the two textile companies under our
coverage, NML and NCL, remain intact.

jsgcl
Title: Re: Textile Sector
Post by: Farzooq on December 11, 2010, 10:23:00 AM
Flood-ravaged Pakistan: India opposes EU export concessions
BRUSSELS (December 11, 2010): India will not agree on social or environmental targets as part of an EU trade agreement, and does not support EU plans to help flood-ravaged Pakistan with export concessions, the country's trade minister said. Although the 27-trading bloc places high importance on the targets, India's objections to binding rules on sustainability, tying Indian and EU operators there to strict labour rights and environmental protection, are unlikely to stall the talks.
Title: Re: Textile Sector
Post by: Raza on December 24, 2010, 09:08:16 AM
Textile exports for 5MFY10; US$4.8bn

According to news reports, textile exports for the period July-
Nov 2010 have come in at US$4.8bn, up 19%YoY. All the
finished textile exports products registered growth, as did raw
cotton which was up 17%YoY (to US$129mn) and cotton
yarn, up 14%YoY (to US$507mn).

JS Global Capital
December 23, 2010
Title: Re: Textile Sector
Post by: Farzooq on January 04, 2011, 10:21:00 PM

Cotton arrivals down 14% YoY to reach 10.24mn bales to date
As per the latest data released by PCGA (Pakistan Cotton Ginners Association), cotton
arrivals on the 1st of January reached 10.24mn bales, a significant 1.69mn bales less as
compared to last year (depicting a 14% decline YoY). However, cotton arrivals have
increased by a minimal 223k this fortnight as compared to its peak fortnightly inflow of
1.9mn in Nov-10. We expect the influx to further remain thin in the coming weeks as the
harvesting season has reached an end (Oct-Dec). Out of the cumulative 10.24mn bales
received, 66% of the cotton production was supplied by Punjab whereas the remaining
34% was contributed by the province of Sindh. Due to massive flood in the country, the
total cotton arrivals from Punjab were down by 15% YoY (1.15mn bales) and from Sindh, it
reduced by 13% (536k bales). In Punjab, a gigantic decline in cotton arrivals came from
Rahimyar Khan, Rajanpura, Muzaffar Garh and Bhawalnagar whereas the arrivals were
down by 328k, 263k, 158k and 101k bales respectively. Moreover, in Sindh, Sanghar,
Hyderabad, Ghotki and Nawabshah were the most affected areas whereas cotton arrivals
down by 328k, 89k, 63k and 29k bales respectively.

With the estimated demand of 14.5mn bales during FY11, we expect demand of 11.5mn
bales to be fulfilled from local production while around 3mn bales to come from imports.

Local cotton prices up by 104%YoY in 1HFY11
To follow the international cotton price trend, the local cotton prices surged by 104%YoY
to Rs7,546/maund during 1HFY11. Moreover, the benchmark Cotlook A Index surged
by79%YoY during the same period. The demand/supply gap of 24.6mn bales (155kg per
bale) from China coupled with delay in export from the India were the major factors behind
this unanticipated increase. We estimates the local price average during FY11 to remain
at ~Rs8000 - 8500/maund.
Recommendation 'Buy' NML & NCL
During FY10, both textile companies NML & NCL were enjoying the benefit of inventory
gains owing to record high cotton prices in the local and international markets whereas
the respective companies had procured cotton at lower prices at the beginning of the
season. However in 2HFY11, both companies’ profitability is expected to take brunt from
high cotton prices. Currently, NML and NCL are trading at PE multiple of 6.9x & 2.6x for FY11,
We recommend 'Buy' on both NML and NCL at a Dec-11 target price of Rs77/sh and Rs31/
sh respectively.

investcap
Title: Re: Textile Sector
Post by: Farzooq on January 06, 2011, 12:24:18 PM
Textile: Different Dynamics Altogether
   5MFY11 textile trade numbers reveal that cotton yarn exports declined by 25% YoY in volumetric terms while it increased by 18% YoY in value to USD720mn signaling to an increase in product prices to the tune of 59% YoY.

   Low-cost cotton inventories from the previous year enabled NML to post gross margin of 23% during 1QFY11 up from 14% in 1QFY10. However, a change in cotton dynamics in the latest season is expected to depress margins in the current year

   Investment in MCB and AES is expected to yield NML other income in excess of PKR400mn in 2QFY11

   The stock is currently trading at FY11F PER and PBV of 8.2x and 0.7x respectively compared to NCL’s FY11F PER and PBV of 4.4x and 0.7x respectively. Currently we have an ADD stance on both the stocks with Dec11 TPs of PKR71/ share and PKR25/share respectively
 
bma
Title: Re: Textile Sector
Post by: M&M on March 17, 2011, 11:08:22 AM
The fate of the proposed European Union trade package for Pakistan will be decided on Nov 30 in a meeting of 154 members of the World Trade Organisation (WTO).

full story (http://www.thenews.com.pk/27-11-2010/business/17422.htm)

Delhi declines to support EU's package

ISLAMABAD (March 17, 2011): New Delhi has conveyed to Islamabad in plain words that it will not support European Union's Pakistan specific trade package at the World Trade Organisation (WTO), well-informed sources in Foreign Office told Business Recorder. "India has refused to support EU's request for waiver on grant of additional autonomous trade preferences to Pakistan in the WTO Council for Trade of Goods," sources added.

BR
Title: Re: Textile Sector
Post by: M&M on March 27, 2011, 11:58:33 AM
Zero-rated status for all exports maintained: Hafeez  (http://www.dailytimes.com.pk/default.asp?page=2011\03\27\story_27-3-2011_pg5_8)
Title: Re: Textile Sector
Post by: junaidph on March 28, 2011, 02:35:18 PM
Zero-rated status for all exports maintained: Hafeez  (http://www.dailytimes.com.pk/default.asp?page=2011\03\27\story_27-3-2011_pg5_8)
BRO textile sector chalay ga ab , anl , amtex etc what u suggest ....pl guide :thanks:
Title: Re: Textile Sector
Post by: SK on April 11, 2011, 09:16:28 PM
TEXTILE SECTOR - 2011
? Pakistan is the 4th largest producer of cotton(~12mln
bales/yr), with the third largest spinning capacity in Asia after China
and India, and contributes 5% to the global spinning capacity. Textile
sector in Pakistan has gradually ventured into the production of fairly
high quality counts and other value-added (hosiery, bedwear &
garments) items. EU and US combined account for over 60% of
Pakistani textile exports. The sector continues to be the mainstay of
Pakistan’s exports with highest contribution from value added
segment. Moreover, the sector enjoys favorable policies from GoP.

For Detailed report:
http://www.pacra.com/pdf/Textile Sector10.pdf (http://www.pacra.com/pdf/Textile Sector10.pdf)
Title: Re: Textile Sector
Post by: Poker Face on April 25, 2011, 08:29:46 AM
KARACHI: 
Cotton spot rate has dropped by Rs1,500 in the last one week as the market faces a dearth of quality material amid an increase in the value of rupee against the dollar, discouraging exports, according to a dealer at the Karachi Cotton Exchange.

On Saturday, the cotton spot price stood at Rs10,500 per maund (37.325 kg) compared with Rs12,000 last Saturday.

“Though a good quantity of cotton was available in the market, quality material was lacking,” said cotton market analyst Shakil Ahmed.

In addition to this, he said, the rupee’s appreciation to around 84.4 against the dollar, compared with 86 earlier, discouraged cotton exporters, who might see their profits fall.

Ahmed said the New York market had also come down after China reduced purchases due to slowdown in exports to earthquake-hit Japan.

In Pakistan, the cotton season is coming to an end and so far 11.2 million bales have reached the ginning factories. Final output is expected to be around 12 to 12.5 million bales.


Published in The Express Tribune, April 24th, 2011.
Title: Re: Textile Sector
Post by: ally on May 15, 2011, 12:52:28 PM
KARACHI: Cotton price has plunged by Rs 500 to Rs 8,500 per maund this week, mainly due to slow buying from cotton mills and exporters, brokers said on Saturday.

Member of Cotton Brokers and Advisory Committee Amir Naseem said that the market has witnessed a declining trade in cotton since past few weeks.

This week, though spinners and exporters are taking interest in local cotton, the weak sentiments still persisted in the market, he added.

He said spot rates of Karachi Cotton Association (KCA) has been fallen by Rs 500 per maund to Rs 8,500 per maund on May 14, 2011.

Amir said that cotton prices have also fallen in China and India during this period. Meanwhile, cultivation for new crop was in full swing in the country as the government has fixed a higher target of 15 million bales for the next season. Similarly, other cotton growing countries have also raised their cultivated area.

Cotton prices ranged between Rs 7,500 to Rs 8,500 per maund in Sindh and Punjab while low quality at Rs 6,500 to Rs 7,000 per maund, he added.

Good quality phutti price was in a short quantity and is being sold in the range of Rs 2500 to Rs 3,000 per 40 kg while binola price also closed lower at Rs 1,050 to Rs 1,000 per maund in Sindh.

He said cotton prices have heavily declined in China and India. NY Cotton futures are also under pressure as crops from Australia, Argentina and Brazil are in the market.

Source: BR: http://www.brecorder.com/top-news/1-front-top-news/14278-imf-in-delicate-position-as-chief-quizzed-over-assault.html
Title: Re: Textile Sector
Post by: junaidph on May 16, 2011, 09:18:55 AM
KARACHI: Cotton price has plunged by Rs 500 to Rs 8,500 per maund this week, mainly due to slow buying from cotton mills and exporters, brokers said on Saturday.

Member of Cotton Brokers and Advisory Committee Amir Naseem said that the market has witnessed a declining trade in cotton since past few weeks.

This week, though spinners and exporters are taking interest in local cotton, the weak sentiments still persisted in the market, he added.

He said spot rates of Karachi Cotton Association (KCA) has been fallen by Rs 500 per maund to Rs 8,500 per maund on May 14, 2011.
So low prices of cottion will leave which kind of impact on textile sector , can v see a recovery this coming year  :skeptic:
Amir said that cotton prices have also fallen in China and India during this period. Meanwhile, cultivation for new crop was in full swing in the country as the government has fixed a higher target of 15 million bales for the next season. Similarly, other cotton growing countries have also raised their cultivated area.

Cotton prices ranged between Rs 7,500 to Rs 8,500 per maund in Sindh and Punjab while low quality at Rs 6,500 to Rs 7,000 per maund, he added.

Good quality phutti price was in a short quantity and is being sold in the range of Rs 2500 to Rs 3,000 per 40 kg while binola price also closed lower at Rs 1,050 to Rs 1,000 per maund in Sindh.

He said cotton prices have heavily declined in China and India. NY Cotton futures are also under pressure as crops from Australia, Argentina and Brazil are in the market.

Source: BR: http://www.brecorder.com/top-news/1-front-top-news/14278-imf-in-delicate-position-as-chief-quizzed-over-assault.html
Title: Re: Textile Sector
Post by: Farzooq on May 17, 2011, 01:20:12 PM
Textile: Cotton on a Downtrend, Yet Positive for FY11!

   Domestic cotton prices have lately witnessed a sharp decline to PKR8,500/maund from a peak of PKR14,000/maund touched in Mar11; NYMEX also dropped to USD1.46/lb from a high of USD2.04/lb in Mar11

   Strong correlation with yarn prices have also pulled down the latter with both its domestic and export prices on a downtrend

   Polyester Staple Fibre (PSF), considered to be a substitute of cotton for yarn manufacturing, also felt the pinch with its prices currently been reduced to PKR175/kg from PKR200/kg back in Mar11

   We believe margins would come slightly under pressure for yarn producers during 4QFY11 when compared with the last quarter but would yet remain profitable considering their inventory cost to be at the levels where they are now

   Despite a tough quarter ahead, we believe that both NML and NCL would post vibrant results for the year on the back of inventory gains and strong other income. Therefore, we recommend a BUY on both the stocks with Dec11 Target Prices for NML and NCL at PKR75 and PKR28 respectively


   For ICI and LOTPTA, we maintain our Dec11 TPs of PKR175/sh and PKR19/sh – however the latter is likely to post a significant dip in its QoQ earnings on the back of declining primary margins
 
bma
Title: Re: Textile Sector
Post by: guru1 on May 19, 2011, 12:07:25 PM
Textile exports up by 32pc to $11.15bn in 10 months.
 for details  http://paknewspoint.blogspot.com
Title: Re: Textile Sector
Post by: Farzooq on May 26, 2011, 08:53:28 PM
GENEVA: Pakistani textile makers edged closer on Thursday to boosting exports to Europe after one of its opponents withdrew its objections, the country’s ambassador said on Thursday.

But India, whose exporters compete with Pakistan for a share of the world’s largest market, still opposes an EU proposal to suspend duties temporarily on certain Pakistani goods to help the country recover from last summer’s devastating floods.

“Vietnam has approved the EU duty waiver today. We are one step closer,” Shahid Bashir, Pakistan’s ambassador to the World Trade Organization, told Reuters as he left a meeting that had considered the plan.

India has so far led opposition with support from Vietnam and Peru. Trade officials said it was likely Peru would also drop its reservations.

Relations between India and Pakistan have been thawing in recent months, leading diplomats from several countries to suggest India might make a political conciliatory gesture by allowing Pakistan preferential trade with Europe.

An original EU plan unveiled last October said duty suspensions – if approved unanimously by the WTO – would affect about 900 million euros ($1.27 billion) worth of Pakistani exports to the EU and estimated Pakistan could boost sales to the EU by 100 million euros. The plan would affect mainly textile but also ethanol exports.
Title: Re: Textile Sector
Post by: Farzooq on May 27, 2011, 12:09:42 PM
Pakistan a step closer to EU duty waiver
According to Pakistan ’s ambassador to the WTO, Pakistan is one step closer in getting approval on duty waiver on exports to the EU. This will be applicable on a list of 75 items, primarily constituting of textile products. Vietnam which was one of the strong opposer of this along with India and Peru , has approved of the EU duty waiver. If the WTO unanimously approves of this, it will provide a boost of €100mn annually to Pakistan ’s exports to the EU. Thus, it will bode positive for the textile industry of Pakistan including companies like NML and NCL.
Title: Re: Textile Sector
Post by: Farzooq on May 30, 2011, 06:40:54 PM
10MFY11 Exports grew by 32% YoY: Textile exports during 10MFY11 stood at USD11.2bn, up
32% YoY, primarily due to strong growth in all major sub segments, due to higher cotton
prices. However 26% volume growth in knit wear and readymade garments points towards
post recession recovery in consumer products demand in Pakistanfs export markets.

Lower cotton prices to weigh down unit prices: gCotlook A indexh decreased to USD1.65/lb
during Apr]11 (currently USD1.63/lb) from USD2.45/lb during Mar]11, which shall be a drag
on the unit prices of textile exports for the month of May]11.

Decline in Yarn prices shall hurt 4Q earnings of textile companies: 4QFY11 to date yarn
prices have averaged PKR350/kg, down 16% QoQ which shall trim 4QFY11 EPS by
PKR1.25/share for NML and PKR3.25/share for NCL


elixir
Title: Re: Textile Sector
Post by: STOCK.DEPENDENT on June 22, 2011, 12:40:18 PM
Pakistan  imports  two million cotton bales  from  India
Despite claims of being self-sufficient  in cotton production, Pakistan  imported  two million bales
of cotton worth Rs 40 billion. Well-placed sources  told Business Recorder here on Tuesday  that
total cotton import from India so far stood at two million bales while deals of 4-5 lac bales were
in  the pipeline.
Title: Re: Textile Sector
Post by: Farzooq on June 22, 2011, 01:39:36 PM
Textile exports up 46%YoY in May 2011
As per the latest data released by the Federal Bureau of
Statistics (FBS), country total textile exports grew by 46%YoY
in May to US$1.3bn. However, the same was down 0.7% on a
MoM basis. Cumulative 11MFY11 number shows total textile
exports at US$12.5bn an impressive increase of 34%YoY.
The growth came in from higher exports of cotton yarn and
cotton cloth which were recorded higher by 54%YoY and
40%YoY respectively
Title: Re: Textile Sector
Post by: STOCK.DEPENDENT on June 24, 2011, 09:18:34 AM
Finance Ministry approached to release textile sector’s Rs24b
KARACHI - Ministry of Textile Industries (MINTEX) Secretary Shahid Rasheed said that the ministry of finance has been approached to release funds for the textile sector against duty drawbacks and other heads.
Addressing a meeting with stakeholders at Towel Manufacturers Association of Pakistan (TMA), Rasheed said that an amount of Rs24 billion of textile sector has remained stuck up on account of duty drawback and the efforts are being made to get at least apart of amount released by the Ministry of Finance so that textile sector would be given some relief. He said that DLTL scheme (drawback on local taxes and levies) is being scrapped from June 30th 2011.
He said that efforts are on to release amounts remained stuck against DLTL also. Towel Manufacturers Association of Pakistan Chairman Syed Usman Ali pointed out that at this moment about Rs14 to Rs18 billion are also stuck with the government against DLTL.
Rasheed informed that Werner International Consultants USA has carried out a study on Productivity and Benchmarking Study Evaluation on Pakistan’s textile industry and submitted report on six out of 10 sub-sectors which would be published following consultation with textile associations.
He further announced that the remaining four sectors ie. processing, ginning, home textile and hosiery would be carried through local experts. He said that Ministry of Textile Industries has paid $0.2 million for the study to the foreign consultants.
He advised the textile sector to get benefit from the foreign consultants’ study and their recommendations to improve productivity and human resources of the local industry.
Title: Re: Textile Sector
Post by: Farzooq on July 02, 2011, 01:29:48 PM
 Cotton prices countrywide continue to fall

 Updated at: 1310 PST,  Saturday, July 02, 2011
 KARACHI: Cotton prices countrywide continue to fall, as in Punjab it is selling at Rs8,000, while in Sindh at Rs7,800 per maund.

Pakistan Cotton Ginners Association (PCGA) Executive member Ehsanul Huque said that cotton prices yesterday fell by Rs300. Punjab cotton prices current week dropped down to Rs8,000 from Rs8500 per maund.

On the other hand, Karachi Cotton Exchange member, Aamir Naseem said that cotton prices in Sindh plummeting by Rs400 pegged at Rs7,800 per maund and overall during the current week prices plunged down by Rs800 per maund.

Experts attributed these fall in prices to the international market cotton prices recession. Yesterday, U.S., Indian and Chinese markets witnessed 4 to 7 percent record fall in cotton prices.

Title: Re: Textile Sector
Post by: STOCK.DEPENDENT on July 02, 2011, 02:30:20 PM
(http://i1136.photobucket.com/albums/n483/stockdependent/KSE/1101276278-1.gif)
Title: Re: Textile Sector
Post by: guru1 on July 06, 2011, 11:27:01 AM
Us imposed 3 times more tarrif on Pak textiles
http://paknewspoint.blogspot.com/2011/07/us-imposes-three-times-more-tariff-on.html
Title: Re: Textile Sector
Post by: Farzooq on July 08, 2011, 10:18:09 AM
Cotton prices decline further

 our correspondent
 Friday, July 08, 2011

KARACHI: The spot rate of the Karachi Cotton Exchange (KCE) further declined by Rs300, or 4.23 percent, to Rs6800 per 37.324kg on Thursday as the demand remains flat and the bumper size of new crop becomes clear, traders said.

Cotton price fell to Rs6,500 in deals struck later in the day with dealers seeing no letup in the free fall, which started 12 days back after it emerged that the spinners are carrying a huge inventory from the previous season, they said.

“Supply is slowly increasing and there are hardly any buyers in the market,” said Naseem Usman, a cotton broker. “I don’t see price holding up even at the current level as textile sales are on the decline.”

Cotton has come down from a high of Rs14,000 earlier in the year. Pakistan’s harvest is expected to be around 15 million bales, sufficient to meet this year’s demand. Each bale has 170kg.

Spinning companies, which make yarn from cotton, are reluctant to buy cotton as they are carrying an inventory of 1.6 million bales, which was bought at a higher price.

The rise in yarn prices during the last several months has diverted international buyers of Pakistani textile to other markets such as Bangladesh, industry officials say.

“That is one of the key reasons for low cotton demand,” said CEO of a large composite firm.

Pakistan’s spinning companies increased the price of cotton disproportionally, raising it by 10 percent when cotton was up by five percent, he said.

“This mess is our own. Now we are booking the loss on carryover stocks and there is a miserable demand for yarn.”

Almost 40 ginning factories have come into operation in Punjab, an early start against previous years. Ginners normally start operation by the end of July.

At least three international trading houses have rented warehouses for buying cotton for export purposes. Louis Dreyfus is the latest one to enter into the market. Cargill was already in operation.

 
Title: Re: Textile Sector
Post by: Farzooq on July 09, 2011, 12:22:18 AM
Cotton prices have been volatile lately, consistently falling from a high of PKR
13,000/maund in Mar11 to PKR 6,800/maund as of Jul 07’11. Investors, mainly spinners
who have been cash strapped due to heavy inventory along with previously placed orders
and forward contracts at higher prices are reluctant to make any move in the market.
Market activity has remained dull as orders are placed only to meet current requirement.

Major players wait for the arrival of the new crop before taking up positions. Pakistan is
expected to produce 15mn bales (170kg/bale) during FY12, with production to be done on
an area higher by 8.5% to 8.01mn acres. International market has also reacted to an
anticipated rise in global cotton production which is estimated to be up by 8.3% YoY.
Resultantly, cotton prices in the international market have also witnessed a continuous dip;
NY ICE future for Dec11 was down by 4% to USD 1.15/lbs during the same period.

Moving forward, we believe that prices will continue to remain under pressure, benefiting
the textile industry in procuring raw material at lower levels. Value added sector which
remained tensed during the year when spinners spun gold from cotton, will now be able to
turnaround with more export orders. The country has already set export orders at higher
levels and we believe textile sector which has been the major contributor to 55% of total
exports will continue to outshine.
Title: Re: Textile Sector
Post by: Farzooq on July 19, 2011, 01:19:41 PM
Higher anticipated production is pushing the prices down

Cotton Prices on the decline
Cotton prices, both in international markets and in local markets have witnessed a massive decline as international cotton prices have reached to USD 1.49 per pound whereas the domestic cotton prices have trenched to an 18 months low at PKR 6,200 per maund. In March 2011, Cotton price were at PKR 13,000 per maund, which due to enhanced production and slump in the international markets came reeling down to less than half.
During FY11, drought in China, floods in Pakistan and export controls in India had caused a global shortage of cotton, which led to an unprecedented price hike to a level of USD 2.29 per pound. However cotton prices started to decline with a forecast of a better output in FY12 as major cotton producing countries have increased their acreage under cultivation this year. World cotton area in 2011/12 is forecast at 35.6 million hectares, up by 6% from a year earlier.

Global Demand and Supply of Cotton
World cotton output is forecasted to reach at 123.8mn bales in FY12 as compared to 113.9mn bales in FY11 depicting a rise of 7.5% YoY. On the other hand world cotton consumption is also expected to rise from 115.5mn bales in FY11 to 119.5mn bales in FY12 mainly on the back of healthy demand from China and India.

In Pakistan cotton production is being targeted to 15.2 mn bales for FY12 against last year’s production of 11.7mn bales, which was ravaged by the floods. The expected jump in cotton output is mainly because of an anticipated 8% YoY increase in the area under cultivation, coupled with higher usage of BT Cotton Seeds.

Ginners and Spinners are in stormy waters
With cotton prices declining sharply, the ginning and spinning sector seem to be in stormy waters as their margins have been squeezed substantially due to its expensive cotton and yarn inventories. This caused many spinning units across Pakistan to halt their operations and have stopped their payments to the ginners. However, Weaving, Composite and other value added units like NML and NCL will benefit from lower yarn prices.


Textile Exports
During FY11 Pakistan’s total exports registered a 29% YoY growth, of which both textile and non-textile sector posted a positive growth. Of the total exports lion share came from textile and food sectors contributing almost 61% and 18%. High growth particularly in textile products was a factor of rising commodity prices such as that of cotton prices which rose by 106% during the year. Going forward in FY12 as the prices of cotton in particularly eases off to (USD 1.49/lb) we might not see same robust growth in cotton related exports. However higher cotton production (almost 15.2-16.5mn bales) could mitigate the impact of decline in cotton prices.
(AH)
Title: Re: Textile Sector
Post by: Farzooq on July 22, 2011, 12:25:02 PM
Pakistan’ Textile Roundup FY11- Record exports although still room for improvement
 
•Pakistan’s textile exports for the FY11 period came in at USD 13.07bn against USD 10.18bn, an increase of 28% YoY. On a MoM basis, exports rose by 13% in Jun’11 against flat performance displayed in May’11.

•Bedwear & Knitwear witnessed the greatest increase going up by 42% YoY while Garments witnessed the slowest growth up only 22% YoY. Textile exports composition in FY11 was: Non Value 36%, Bed Wear & Knitwear 42% and Garments 22%.

•Delving into garment exports, Pakistani exporters fetched a price of PKR 249 per unit in FY10 while in the current year their pricing power diminished and they could only muster a price of PKR 217 per unit down by 12.8% YoY.

•We believe cotton prices will settle FY12 in the range of USD 1.2-1.3 down by 12% from our earlier estimate and to average USD 1.15 per lb in FY12. Should weather hold up, the bumper cotton crop  will help Pakistani textile exporters in procuring cheap cotton. Earnings visibility for the listed textile mills this year will hinge on their ability to add volumes as price will not be such a swing factor as last year.
 
IGI Research
Title: Re: Textile Sector
Post by: Farzooq on August 03, 2011, 08:32:37 PM
Low cotton demand dragging down prices
A lackluster demand of cotton brought down the cotton prices by 29% in the international
market during last couple of months. The benchmark Cotlook A Index went down by 52% to
116pts after touching its peak in the month of March-11at 243.65pts. Moreover, with the
decline in spot prices of cotton, future Dec-11 prices also went down by 29% to USD
USD100.4/lb cents from its peak level of USD141.97/lb cents. The shrinking demand of cotton
is fuelled by the giant consumer China due to low requirement from the textile companies.
Therefore, overall import of cotton also went down by 29%YoY to 550k bales during Jun-11.
Moreover, the demand was also affected by cotton storage companies which are
reluctant to built up their stock owing to inventory losses since increase in cotton prices.

Supply set to improve
According to the recent report of US department of Agriculture (USDA), the world cotton
production is forecasted to increase by 7.5%YoY to 123.2mn bales. Among the top producers,
China’s cotton production is expected to increase by 8.2%YoY to 33mn bales. Likewise,
India's cotton production is expected to increase by 10.2%YoY to 27mn bales and cotton
production in Pakistan is expected to grow by 17% to 10.3mn bales (480lbs/bale) during the
season of 2012. However, USA cotton production is expected to fall by 11.6%YoY to 16mn
bales due to draught in the major area of Texas.

Consumption relatively lower side
With total cotton production estimated to increase by 8.6mn bales in 2012, the rise in
consumption is forecasted to stay relatively low by 1.8mn bales for 2012. The USDA forecasts
world cotton consumption to increase by 1.6%YoY to 116.7mn bales. Major consumer China
and India which consumes 58% of total world production are expected to consume 500k
more bales in this season to 46.5mn bales and 21mn bales respectively. Pakistan, the 3rd
largest consumer of cotton with expected to consume 10.5mn bales (+200k bales).
On local front, cotton prices touched its lowest level to Rs5000/maund on 26-Jul owing to
dip in international cotton prices which touched its 7-month lowest level of 93.20 cents on
25-Jul-11. Due to strong correlation with international cotton prices, we expect the recent
development in the US economy regarding the increase in the limit of debt could positively
impact cotton prices. On average basis we foresee the cotton prices at Rs6,500-7000/
maund of 40kg during FY12.

Recommendation 'Buy' NML & NCL
Currently, NML and NCL are trading at PE multiple of 4.1x and 2.0 for FY12, We recommend
'Buy' on both NML and NCL at a target price of Rs77/sh and Rs31/sh respectively.

investcap
Title: Re: Textile Sector
Post by: Farzooq on August 14, 2011, 11:48:13 AM
Spinning mills may buckle down due to inventory losses
 our correspondent
 Sunday, August 14, 2011

LAHORE: The spinning mills are likely to buckle down if the government did not facilitate them in covering up the inventory losses of Rs51 billion due to abrupt drop in cotton rates from Rs14,000 per maund to Rs6,200 per maund, experts said on Saturday.

Experts of the textile industry said that cotton stocks inventory of 1.6 million bales hit the financially strong textile mills that had the capability to procure year long stocks last year, while the mills with weak financial credential were spared from heavy inventory losses.

According to the industry circles, the power and energy crisis during the last cotton season was a blessing in disguise for many Punjab-based mills as it kept lower stocks envisaging 100-110 days closure due to energy and power shortages.

The textile mills based in Sindh that faced no power and energy shortage last year were lured to keep high stocks as both the domestic and export orders were strong during the first three quarters of the last cotton season.

“Most of the spinners in Sindh and the financially strong mills in Punjab procured cotton to cover their needs up to August,” said M I Khurram, a leading spinner.

He said the average price of stock ranged from Rs11,000-Rs12,000 per maund as they purchased cotton from Rs6,500-Rs14,000 per maund.

The financially sound spinners were able to get their limits enhanced to procure high priced cotton, he said, adding that the financially weak mills could not get the bank financing to procure stock and they kept their mills running by buying on day-to-day or weekly basis.

Another spinner, S M Tanveer, said that the inventory losses of many bigger mills are more than the record earning they had in 2010/11 season.

The cotton rates have declined by over 100 percent in the open market and yarn rates have correspondingly dropped, he said.

All mills producing yarn from the last year’s cotton stocks are selling the commodity at huge losses, he said, adding that financially weak mills that could not stock cotton are relatively better off though their earning margins were low due to cotton procurement on daily basis when rates were very high.

These mills, he said, are pulling on with an advantage as now they buy cotton at 50 percent the cost of stocks available with bigger mills.

All Pakistan Textile Mills Association (APTMA) Chairman Gohar Ejaz said that at the end of June, the outstanding amount against the spinners was Rs91.8 billion.

This is in line with the carryover stocks of 1.6 million bales with the spinners, which was purchased at $2 per pound, he said.

However, he said, the current value of this stock is only Rs51.6 billion.

He urged the government to provide five percent relief on the interest of this outstanding amount.

“The Indian government has provided the same concession to its spinners who were also facing inventory losses,” he said, adding that this is vital to ensure that the quality spinners do not come under pressure due to huge price volatility in cotton.

Title: Re: Textile Sector
Post by: Poker Face on August 22, 2011, 06:57:01 PM
Textile exports down by 15.3% MoM in Jul-11
                                      
As per data released by FBS, textile exports declined by 15.3% to US$1.12bn in Jul?11 against
US$1.3bn in the previous month, but are still up 14% YoY. Decline in demand for value added
textile products was the main reason behind the MoM decline. While the decline may be short?
lived, it raises concern regarding impact of a global economic slowdown on demand for textile
products going into 2012.

KASB
Title: Re: Textile Sector
Post by: Farzooq on September 23, 2011, 09:58:32 AM
APTMA rejects three-day gas curtailment plan
 our correspondent
 Friday, September 23, 2011 

LAHORE: All Pakistan Textile Mills Association (APTMA) has rejected the Sui Northern Gas Pipelines Limited (SNGPL) decision to curtail gas for three days in a week from September 17, a statement said on Thursday.

A spokesman for the association termed the decision negation to the earlier arrangement of uninterrupted five days a week gas supply to the textile industry assured by President Asif Ali Zardari and Federal Minister for Petroleum and Natural Resources Dr Asim Hussain.

The APTMA spokesman expressed the fear that the gas curtailment would lead to huge production loss to the textile industry.

“This is high time for the textile industry to secure export orders for winter and fall season in the western markets. The textile industry, therefore, cannot afford to suspend its operations due to unavailability of gas,” he said.

The suspension of gas supply, besides affecting exports, would also cause job losses to the textile workers, he said, adding that as the government has decided to pull out from the International Monetary Fund (IMF) programme, it is, therefore, imperative to let the textile industry perform to earn foreign exchange to maintain balance of payments, the spokesman said.
Title: Re: Textile Sector
Post by: Farzooq on September 29, 2011, 11:10:46 AM
India lifts its veto on Pak’s EU waiver
In a meeting, yesterday, between the Indian and Pakistani
commerce ministers, India has finally announced lifting its
veto on Pakistan EU waiver package. However, necessary
details are being carried out. The news bodes well for the
textile industry as the package includes waivers for a list of 75
items, representing 900mn euros worth of exports to EU. The
EU is now expected to re-launch the process in the World
Trade Organization (WTO). The next WTO council meeting is
scheduled to be held on November 7, 2011 and a possible
formal decision should come in early December.
Title: YOUW: Yousuf Weaving
Post by: kamal on September 29, 2011, 08:40:41 PM
Bot YOUW 15,000 avg Rs. 1

Sold 12000 at 1.5

Duno y activity suddenly started ... kaheen div tau nahee dai raha will sale (at 2 remaining) inshallah.
Title: Re: Textile Sector
Post by: Trademaster on September 29, 2011, 11:48:09 PM
To kal NML or NCL , lotpta lao hoga?
Title: Re: Textile Sector
Post by: kamal on September 30, 2011, 05:11:41 PM
invest little amount (peanut) say 5000 Rs for 5000 shares of YOUW.... today it went till 0.81 paisas ...

Sale it at 1.5-1.6 in 2-4 months ... side investments. ..some day these "kachra items" do give many... :skeptic:
Title: Re: Textile Sector
Post by: fasee on October 06, 2011, 11:29:41 AM
Pakistan Agri Forum (PAF) demands cotton price to be fixed at PR3,500/maund
Thursday - Oct 06, 2011 | 09:27:55 | 22 of 23
Pakistan Agri Forum (PAF) has reportedly demanded that cotton price be fixed at PR3,500/maund, on the back of a drop in global prices, in order to facilitate growers. In this regard, PAF Chairman Mr. Mohammad Ibrahim Mughal has reportedly stated that APTMA and other institutions are buying cotton for as low as PkR2,500/maund.
Title: Re: Textile Sector
Post by: Farzooq on November 09, 2011, 01:10:07 AM
Bangladesh votes against Pakistan in WTO
 Updated 3 hours ago
 
BRUSSELS: Bangladesh has blocked the way that pave Pakistan to get trade concession offered by the European Union as former voted against the country in World Trade Organisation (WTO), sources said.

According to the sources, Bangladesh had assured Pakistan that it would support latter in WTO. Meanwhile, India voted in support for Pakistan.

Sources said that European Union wanted Pakistan's entry in WTO.
Title: Re: Textile Sector
Post by: Trademaster on November 10, 2011, 08:20:54 AM
Lo ab bangali ko kia chul uthi?  :smilestar:
Title: Re: Textile Sector
Post by: Ghayyas on November 10, 2011, 08:45:36 AM
Lo ab bangali ko kia chul uthi?  :smilestar:
Bangladesh is reconsidering its decision. We may well see some positive development sooner rather than later.
Title: Re: Textile Sector
Post by: HAMDANI_Punjtani on November 10, 2011, 08:57:39 AM
BD may withdraw complaint over EU help for Pakistan

ADDU CITY: Bangladesh is considering withdrawing a complaint about a European move to grant beneficial import conditions to Pakistani textile makers as an aid measure following Pakistan’s floods last year, a senior Bangladeshi official said on Wednesday.

Europe and Pakistan had expected a long-announced plan for trade preferences for Pakistani textile makers to be approved during a meeting of trade diplomats in Geneva this week, but a Bangladeshi complaint halted the move.

Pakistan was being granted the beneficial import conditions to its textile makers as an aid measure following the devastating floods in the South Asian country last year.

Bangladeshi officials said their Pakistani counterparts had “unofficially” raised the matter on the sidelines of an ongoing South Asian leaders’ summit on this remote Maldivian atoll.

“I will check with Geneva ... as far as I know we are supposed to withdraw this (complaint),” Bangladesh Foreign Secretary Mohamed Mijarul Quayes told Reuters.

“There has been some informal discussion on this here with the Pakistani officials,” he said. “They have asked us unofficially about it and we have told them we are checking and will get back to them. So discussions are on to find out a way.”

Islamabad called Dhaka’s objections to the beneficial import conditions for its textile makers “an accident”.

“Of course, we are very concerned about it. We have been conveyed by them that it was at best an accident,” Hina Rabbani Khar, Pakistan’s foreign minister, told Reuters.

Bangladesh had concerns about the impact of the European measures, which would make it easier for Pakistan to export textiles to Europe. Bangladesh competes with Pakistan for textiles sales to the European market.

The two-year cut in tariffs offered by the EU would be a small boost for Pakistan’s exporters.

World Trade Organisation (WTO) rules say the same deal must be offered to all trade partners, so by making an exception for Pakistan, the EU needs to get all WTO members on side and any single country can block the deal.

“We are very much concerned,” said Mohammad Shafiul Islam, president of the Bangladesh Garment Manufacturers and Exporters Association. “As Pakistan is a cotton-producing country, it will be an uneven competition if they are provided trade benefit to EU countries.”

Pakistan’s top textile body sought to allay these concerns.

“This facility (EU concessions) is just for two years. Also their products are much more competitive than ours,” said Mohsin Aziz, chairman of All Pakistan Textile Mills Association.

“It will not hurt their share, it (EU) is such a large and open market. Our government should take up the issue with them and address their concerns.”

As a Least Developed Country (LDC), Bangladesh enjoys quota- and duty-free access to EU countries, unlike Pakistan.

Bangladesh exports in the last fiscal year that ended in June 2011 were nearly $23 billion. Readymade garments accounted for more than 80 percent of total export earnings, with 56 percent of overseas sales in EU markets.

Pakistani exporters shipped out textile products worth roughly $2.5 billion to the EU in the same fiscal year, textile officials said.

Until recently India, Pakistan’s neighbour and rival, had objected to the European plan, effectively vetoing the move. But as tensions between the two traditional South Asian enemies have eased, India signalled it no longer opposed the plan. reuters
Title: Re: Textile Sector
Post by: Farzooq on December 16, 2011, 11:20:16 AM
Local cotton arrivals are up by 15.47%
According to data released by Pakistan Cotton Ginner Association (PCGA),
arrival of cotton bales in the country reflected a jump of 15.47% YoY to 9.65mn
bales as on Dec 01’ 2011, mainly due to bumper production from Punjab which
jumped by 43.30% mitigating the effect of 31.84% fall in Sindh production due to
flood in the province. In Pakistan cotton production is being targeted to 13.5mn
bales for FY12 against last year’s production of 11.7mn bales, which was ravaged
by the floods. The expected jump in cotton output is mainly because of an
anticipated 8% YoY increase in the area under cultivation, coupled with higher
usage of BT Cotton Seeds.

Global Demand and Supply of Cotton
According to the estimates published by United States Department of Agriculture
(USDA), world cotton output is expected to jump by 7.06% to 123.42mn bales in
FY12 on the back of 7% increase in harvest area to 35.8mn hectares. China and
India will remain the major contributors with growth of 10% (to 35.8mn bales) and
8% (to 27.5mn bales) respectively. On the other hand world cotton consumption
is expected to decline from 114.17mn bales in FY11 to 111.34mn bales in FY12
showing a dip of 2.5% mainly due to slowdown in global growth outlook,
particularly that stemming from the recent EU debt concerns and sluggish US
economic growth.

Cotton Prices on the decline
Cotton prices, both in international and local markets have witnessed a massive
decline as international cotton prices have reached to USD 0.85 per pound
whereas the domestic cotton prices have trenched to PKR 5,100 per maund. On
domestic front cotton prices remained under pressure as cotton arrivals have
started to pick up. On the other hand decline in international cotton prices are
following other commodities as fear of global economic turmoil magnifies. We
believe local price will continue to remain under pressure as local millers are
reluctant to buy at current levels.

Margins may squeeze for Ginners and Spinners
Cotton prices in the local and international markets have dropped to the level of
PKR 5,100 per maund and USD0.85 per pound; the ginning and spinning sector
seem to be in stormy waters as their margins will be squeezed as cotton prices
are continuously declining. However, Weaving, Composite and other value added
units like NML and NCL will benefit from lower yarn prices. Usually NML buy its
raw material twice in a year in the month of May and October.

Recommendation
We are reiterating our Buy stance on the stock of Nishat Mills Limited (NML) with
Sum of the part (SOTP) based June 2012 target price of PKR 66.75 per share.
At the closing price of PKR 40.54 per share, the scrip offers an upside potential of
64.6% from our target price. NML is trading at a forward P/E and P/BV of 3.24x
and 3.68x respectively.

ahl
Title: Re: Textile Sector
Post by: Dhillon on January 01, 2012, 09:40:41 AM
APTMA urges govt to take quick measures to overcome gas crisis

LAHORE: All Pakistan Textile Mills Association (APTMA) has urged the government to quickly take alternate measures to overcome the ongoing gas crises, which they said has closed a billion dollars textile industry creating unemployment. In a press conference, the APTMA group leader Gohar Ijaz blamed the government of not being taking alternate measures to overcome the expected gas crises in the country. Ijaz said the country has only 800 mmcft gas shortages, which could easily be overcome through LNG import from Qatar, or through Iran Pakistan gas pipeline project. The process could take maximum a year, but I don’t know why government is delaying this very important project, and pushed the nation in such a deep crises, he said. Minister petroleum has assured us many times textile industry will be provided with uninterrupted gas supply for 3-5 days, but despite fulfilling the promise Sui Northern Gas Pipelines Limited (SNGPL) has disconnected the gas connections for entire industry of Punjab for indefinite period of time only to facilitate CNG and domestic users, Ijaz said. He said CNG industry has a share of only Rs 42 billion annually, whereas textile mills after fulfilling national requirements has $1 billion exports share. The 80 percent industry is in Punjab and around 10 million workforces depend on this industry, which is not in the priorities of the government. He said the textile industry had $14 billion exports and we paid Rs 300 billion in excess to farmers, government also facilitate us even with energy crises. staff report

Title: Re: Textile Sector
Post by: investment.guru on January 05, 2012, 01:26:55 AM
any source of latest cotton rates? :dunno:

by the way, today cotton price is increased by 50 rupees.
Title: Re: Textile Sector
Post by: investment.guru on January 06, 2012, 01:03:05 AM
Domestic cotton prices trail New York market, may stabilise

Cotton prices tended higher on the local market on Wednesday following the sharp rise in the NY cotton futures, dealers said.

The official spot rate' overnight loss, was reversed, raised by Rs 50 to Rs 5,400, they said.

Prices of seedcotton in Sindh were at Rs 1800-2300 and in the Punjab at Rs 2000-2750, they said.

In ready dealings about 20,000 bales of cotton changed hands at Rs 3,600-5,550, they added.

Some experts said that sharp rise in the NY cotton market helped the prices to go up in the local market and partly because of anticipations of the Trading Corporation of Pakistan (TCP) intervention in the near future.
According to the market sources, the TCP will start cotton buying from the market, when the Economic Coordination Committee (ECC) asks to intervene in the market.

As usual, the ECC meeting held on Tuesday but hopes of fixation of prices faded as the committee again postponed the issue.

The ginners may face some problem, if the ECC does not take any decision regarding support price.

Because they have huge stock of unsold cotton in expectations of rise in the rates, they added.
The decision by the TCP to purchase cotton and fix the support price at Rs 6000 may bring stability in the prices in the coming days, they said.

In the meantime, it is most likely that the growers may not be benefit from any fresh rise after couple of sessions.

Because by that time, a large number of small growers may have sold their unsold stocks at the lower rates, they said.
Until, now it appears that the situation is in favour of textile sector, may take advantage, because it looks that demand for textile products may rise in the coming days, they said.

In the meantime, after reports of less cotton sowing in the world cotton producing countries, prices may show firmness during the current year, as cotton was the worst performing commodity in the global market in 2011, they said.
According to Reuters, on Tuesday the cotton futures finished up and at a 1-1/2 week high, fuelled by sharp gains in agricultural commodities across the board and expectations of buying related to index rebalancing, analysts said.

The key March cotton futures went up 4 cents or 4.4 percent to finish at 95.80 cents a lb, dealing from 91.85 to 95.80 cents.

It was the highest settlement for cotton's spot contract since November 17, Reuters data showed.

Traded volume on Thursday was around 25,000 lots, almost doubled its 30-day norm, Thomson Reuters preliminary data showed.
Other report said that the global cotton stocks could rebound after two tight seasons as China rebuilds its stockpile in 2011/12, an international farm group said on Tuesday.

The International Cotton Advisory Committee (ICAC) secretariat said in a monthly report that a total of 2.1 million tonnes of domestic cotton were purchased for China's reserves between October 8 and December 30, 2011.
Reports indicate that about one million tonnes of non-Chinese cotton also will be added to the reserve, which was almost exhausted by the end of 2010/11, ICAC said.

This could help send global cotton stocks up 32 percent to 11.9 million tonnes by the end of 2011/12, the group said.
US farmers are expected to plant less cotton in 2012 as a decline in prices to below $1 per lb and escalating costs of key inputs such as fuel make it more attractive to sow corn and soybeans.

US cotton plantings will range from 12 million to 13.5 million acres (4.9-5.5 million hectares), down eight percent to 18 percent from last year's 14.72 million acres, industry participants forecast before the annual Beltwide Cotton conference here.
Title: Re: Textile Sector
Post by: Farzooq on February 17, 2012, 01:23:31 PM
AKD Daily

Cotton Outlook & Textile Update

Textile Updates: Following the recent floods across eastern part of Australia, the Australian Bureau of Agricultural and Resource Economics and Sciences has cut down its harvest estimate of cotton by 5.6%. Cotton output may be curtailed to 1.08MT compared to the estimate of 1.144MT made on Dec 6'11, before the floods. Decline of 5.6% in forecasted production of cotton in Australia is likely to translate into decline in global export supply by ~1%. Below expectation supplies from Australia may curb global stockpiles and help boost prices in short term. As per Economic Intelligence Unit, average cotton price (Cotlook A) for 2012 is forecasted at US 0.963/lb while it will range between US$0.90 to 0.95/lb during 2013. The estimates are based upon higher expected cotton production in both 2011/2012 and 2012/2013 and the more long-term reluctance to switch back from man-made fibers as polyester and viscose prices maintain their competitive advantage. On domestic front, WTO General Council has approved much awaited Trade Tariff Concession Package to Pakistan. "Additional Autonomous Trade Preferences" will entertain 75 product lines by granting exemption from import duty. Among these, 20 product lines will be subject to Tariff Rate Quotas (TRQs) while major absentees include bed wares and towels. This exemption will be applicable from Jan 1'12 to Dec 31'13 whereas the EU will have right to extend it for another year. Therefore, by implication, import duties paid after Jan 1'12 will be refundable unless final EU regulation dictates otherwise.

Floods in Australia may Boost Cotton Prices: Following the recent floods across eastern part of Australia, the Australian Bureau of Agricultural and Resource Economics and Sciences has cut down its harvest estimate of cotton by 5.6%. Cotton output may be curtailed to 1.08MT as compared to the estimate of 1.144MT made on Dec'6'11, before the floods. Despite decreased output estimates, Australia is still forecasted to have a bumper crop where production of cotton was marked at 0.898MT in the last cotton season. According to bureau, the extent of the damage won't be clear until the water recedes. While it is estimated that around 48% of the total area allocated to cotton is situated in regions affected by floods, the area of cotton crops directly affected by flood water will be smaller, in part because of protection provided by irrigated cotton levee banks. However, as per media reports, significant risk resides that damage to cotton crop may be larger than estimated. Australia is third largest cotton exporter accounting for 10.7% forecasted share in global cotton exports. Decline of 5.6% in forecasted production of cotton in Australia is likely to translate into decline in global export supply by ~1%. Below expected supplies from Australia may curb global stockpiles and help boost prices in short term that remained at the lower end after it once started to decline. As per Economic Intelligence Unit, average cotton price (Cotlook A) for 2012 is forecasted at US 0.963/lb while it will range between US$0.90 to 0.95/lb during 2013. The estimates are based upon higher expected cotton production in both 2011/2012 and 2012/2013 and the more long-term reluctance to switch back from man-made fibers as polyester and viscose prices maintain their competitive advantage.

EU Trade Tariff Package Finally Approved: Finally, WTO General Council has the approved much awaited Trade Tariff Concession Package to Pakistan. "Additional Autonomous Trade Preferences" will entertain 75 product lines by granting exemption from import duty.  Among these, 20 product lines will be subject to Tariff Rate Quotas (TRQs) while major absentees include bed wares and towels. This exemption will be applicable from Jan 1'12 to Dec 31'13 while the EU will have right to extend it for another year. Therefore, by implication, import duties paid after Jan 1'12 will be refundable unless final EU regulation dictates otherwise. 

It is worth mentioning that selected 75 product lines constitute ~€900mn accounting for ~30% of EU imports from Pakistan (€3.3bn). Pakistan's exports to EU are dominated by textiles and leather. Pakistan already enjoys EU's Generalized System of Preferences (GSP) which allow it to export more than 3,000 tariff lines duty free to the EU while allowing reduced duties on a further 3,000 items.
Title: Re: Textile Sector
Post by: Farzooq on March 07, 2012, 09:52:22 AM
India bans export of cotton yet again, global estimates shake up
After rising pressure from the local textile manufacturers, the Indian gov’t has decided to
place a ban on cotton exports aiming to keep prices stable at home to provide a sort of
privilege to the textile products’ manufacturers. India has already exported 9.4mn bales (1
bale = 170kgs) of cotton so far against a surplus of 8.4mn bales while the country still has
pending export orders of around 2.6mn bales. On the other hand, depleting trend in the
Indian cotton stocks along with China’s increasing cotton stock (India’s 80% exports are
headed to China) to stabilize domestic prices to support local textile manufacturers has
already created global supply vacuum yet again. Being the biggest consumer of cotton,
China imported 15.4mn bales in FY11, while by Feb-12 the Chinese gov’t is reported to have
imported a total of 21.8mn bales vs 56.3mn bales of consumption estimated for FY12.
However, reversal in cotton prices may be considered a phenomenon as the global cotton
demand is estimated to go down by 4% YoY in FY12 while the supply is expected to improve
by 6% YoY. Furthermore, recent cuts in growth estimates by the two emerging giants, China
and India, to multi-year low are expected to keep cotton prices within a reasonable range.

Local Textiles sector to yield benefits
At the local front, cotton prices remained bottomed after the bumper crop was estimated
at 14.2mn bales for FY12. As against last year’s sky-high levels of Rs13,000/maund, FY12YTD’s
cotton price remains below Rs6,000/maund (at average Rs5,864/maund). Thus, ban by the
Indian gov’t on cotton export is expected to result in fueling the local cotton prices in
Pakistan (prices of May-12 futures delivery have also reached US93.23cents/maund in int’l
market). The local textiles sector, which has already accumulated whole year cotton
inventory, would be key beneficiary, as soaring local and int’l cotton price difference
would improve local textile companies’ margins (see table for revised earnings forecast).

Translating into improved Textiles sector profitability
Recent sharp pullback in cotton prices is expected to improve textile sector margins from
4QFY12 onward as the local companies had already accumulated stocks for FY12 at an
average ~Rs5,500/maund. As such, any further rise in int’l cotton prices would only improve
the local textile sector companies’ profitability. With Jun-12 TPs of Rs62/sh and Rs26/sh for
NML and NCL respectively, we recommend 'Buy' on both the scrips. Currently, NML and
NCL are trading at PE multiples of 4.9x and 5.2x, and 5.6x and 4.5x for FY12 and FY13 respectively.

IMPACT ON EPS AND TP
(Rs/share) FY12 FY13 TP
NML
Old 9.5 8.81 5 9
New 10.68 9.94 6 2
% Chg. 12% 13% 5%
NCL
Old 6.82 6.28 3 1
New 3.44 4.26 2 6
% Chg. -50% -32% -16%
Source: Company Reports, InvestCap Research
Title: Re: Textile Sector
Post by: Farzooq on March 11, 2012, 07:10:26 PM
India reverses cotton export ban
 
Updated 4 hours ago
NEW DELHI: India on Sunday reversed its ban on cotton exports in a swift U-turn just six days after the policy announcement was greeted with outrage from farmers.

The government of India, the world's second-largest producer of cotton, unexpectedly banned all exports of the crop last Monday, saying it wanted to protect supplies for domestic mills.

Prime Minister Manmohan Singh ordered a rapid review of the decision after fury from farming groups and complaints by the agriculture minister, who said he knew nothing about the ban before it was unveiled.

"Keeping in view the facts, the interests of the farmers, interest of the industry, trade, a balanced view has been considered by the Group of Ministers (GoM) to roll back the ban," Commerce Minister Anand Sharma said on Sunday. (AFP)
Title: Re: Textile Sector
Post by: Dhillon on April 08, 2012, 08:09:32 AM
Textile exports suffer Rs58.55 billion losses

KARACHI: Pakistan’s textile exports have suffered losses to the tune of Rs58.55 billion in the first eight months of the current fiscal year (July-February FY12) as compared to the corresponding period last year.
During the July-February FY12, textile exports were recorded at $8 billion, down 7.5 percent year-on-year. In the month of February alone, the exports were recorded at $1.05 billion, down 12 percent as compared to the same month last year.  

According to Pakistan Apparel Forum Chairman M Jawed Bilwani, “Pakistan’s textile exports declined because of on-going energy crisis, strikes and a decline in the demand of textile products in the international market”. Knitwear exports declined by 11 percent, bedwear by 10 percent and towel exports by 5.5 percent, Bilwani said.
Although cotton production recorded bumper crop this year, the energy crisis in the country are viewed as a great risk to meeting export orders by textile manufacturers, he said.
Bilwani further said the “frequent calls for strikes by the political parties have ruined the entire industrial export sector which is already suffering from frequent, unannounced and unreasonable load shedding of both electricity and gas”.
“In the nations competing against us, like India and Bangladesh, their governments protect their textile exports, whereas in Pakistan, the government remains heedless to all the sufferings and losses being incurred by the sector which is said to be the backbone of the nation’s economy,” he added.
Bilwani appealed the government to ensure that load shedding was phased in a manner that did not cause ruin to the industrial sector. Furthermore, slowdown in the European economies amid the recent debt crisis also put pressure on the export orders. All major categories witnessed a double digit decline in export quantities except raw cotton which witnessed a growth of 27.7 percent year-on-year as a result of bumper cotton crop in the country.
In Pakistan, export of cotton yarn and cotton cloth declined during the first eight months of FY12, said one research report.

THE NEWS
Title: Re: Textile Sector
Post by: Tayyab2011 on April 08, 2012, 08:51:53 AM
Textile exports suffer Rs58.55 billion losses

KARACHI: Pakistan’s textile exports have suffered losses to the tune of Rs58.55 billion in the first eight months of the current fiscal year (July-February FY12) as compared to the corresponding period last year.
During the July-February FY12, textile exports were recorded at $8 billion, down 7.5 percent year-on-year. In the month of February alone, the exports were recorded at $1.05 billion, down 12 percent as compared to the same month last year.  

According to Pakistan Apparel Forum Chairman M Jawed Bilwani, “Pakistan’s textile exports declined because of on-going energy crisis, strikes and a decline in the demand of textile products in the international market”. Knitwear exports declined by 11 percent, bedwear by 10 percent and towel exports by 5.5 percent, Bilwani said.
Although cotton production recorded bumper crop this year, the energy crisis in the country are viewed as a great risk to meeting export orders by textile manufacturers, he said.
Bilwani further said the “frequent calls for strikes by the political parties have ruined the entire industrial export sector which is already suffering from frequent, unannounced and unreasonable load shedding of both electricity and gas”.
“In the nations competing against us, like India and Bangladesh, their governments protect their textile exports, whereas in Pakistan, the government remains heedless to all the sufferings and losses being incurred by the sector which is said to be the backbone of the nation’s economy,” he added.
Bilwani appealed the government to ensure that load shedding was phased in a manner that did not cause ruin to the industrial sector. Furthermore, slowdown in the European economies amid the recent debt crisis also put pressure on the export orders. All major categories witnessed a double digit decline in export quantities except raw cotton which witnessed a growth of 27.7 percent year-on-year as a result of bumper cotton crop in the country.
In Pakistan, export of cotton yarn and cotton cloth declined during the first eight months of FY12, said one research report.

THE NEWS
Dhillon Brother; Any effects expected on  NML in short term due to this news ?
Title: Re: Textile Sector
Post by: Saeed Muhammad on April 13, 2012, 09:41:38 AM
Pakistan Textiles Moving past trough!With the recent bull-run across the market (KSE-100 Index up 11%FYTD), the search for laggards is on where we believe Textiles, particularly Spinning, have moved past trough in their operating cycle. The Textile sector has underperformed the broader Index by 14%FYTD where, based on our recent survey of textile order books, we believe the sector is poised for catch-up price performance led by selected Spinners. Sequentially, we see continued margin expansion through the next 2-3 quarters vindicated by the recent Dec'11-end margin expansion of our sample textile list (53% of total textile sector market cap) driven by improving textile product pricing. Recent trade figures show MoM growth of 6%YoY in textile exports to US$1bn in Feb'12, where cotton cloth was the notable outperformer with exports up by 16%YoY to US$207mn. Furthermore, despite the slight uptick in global cotton prices, domestic cotton has remained downward sticky in the face of an expected record cotton crop. Cheaper cotton at home would likely lead to margin expansion across the textile chain, where we flag the Spinners as relative winners. In terms of risks, we believe the sector will still face challenges in the shape of energy shortfalls, leading to cost overruns which may limit the impact of price driven margin expansion. Potential winners include SAPT, NML, ADMM, SAIF, MSOT, NAGC, ELSM and IDRT. Within the backdrop of a general textile sector recovery, we expect laggard Banks (HMB and BAHL) with textile-skewed loan books to potentially depict a smart comeback.  AKD Research
Title: Re: Textile Sector
Post by: Dhillon on April 15, 2012, 08:04:07 AM
Textile makers pleased with India’s decision to allow investments

LAHORE: The Indian government’s decision to allow foreign direct investment from Pakistan has pleased fabric and bed wear manufacturers since local products are extremely popular across the border. The Indian government’s decision has come at a time when renowned Pakistani fabric and bed wear manufacturers are exhibiting their products at an exhibition, Lifestyle Pakistan, in New Delhi.

The News contacted one of the leading Pakistani fabric manufacturers (currently participating in the exhibition) Farhan Lateef of Chenone, who said that a record number of Indian visitors have been visiting stalls of Pakistani lawn fabric brands.
He said that “up till now we were marketing our products by providing franchise to the Indians”, which meant sales remained limited since proper marketing of products requires the establishment of numerous outlets for the brand.
“We are awaiting the details of the terms and conditions of the investment permission that India has indicated to grant to Pakistani investors” he said, further adding that he hoped the opening of brand outlets would also be allowed and the FDI conditions are reasonable.
Former chairman of APTMA, Gohar Ejaz said that it is premature to comment on India’s decision to permit Pakistani investors to do business in India until the details are known.
“We are taking an APTMA delegation to India in two weeks time to explore the possibilities of joint ventures with our Indian counterparts on both sides of the border,” he said.
Meanwhile, a spokesman of All Pakistan Textile Mills Association (APTMA) said the association has received many queries about the sick textile units up for sale in Pakistan. He said that the interest of the Indian textile entrepreneurs indicate their keenness to operate basic textile units in Pakistan because of the comparative advantage that this country enjoys in basic textiles.
He said the Indian government must have indicated to their industry its intention of allowing Pakistani investors to invest directly in India, while expecting Pakistan to do the same in reciprocal.
On the contrary, leading knitwear exporter, M I Khuram said that “for the Pakistani apparel sector, Bangladesh is a more lucrative investment place than India”.
Similarly, he said, for the Indians too, Bangladesh is a better location to invest in apparel sector than Pakistan. He was of the opinion that Pakistanis may establish trade outlets in India but they are unlikely to invest in their industrial sectors.
Talat Fazil, a leading home appliance manufacturer, said that Indians have competitive and technological advantage in light engineering over Pakistan.
“They might establish huge manufacturing facilities of their popular brands in Pakistan to cater to the local markets and Central Asian markets if Pakistan allows Indians to invest here”.
Even the banking sector is excited. Senior Vice President of MCB Bank, Mubashir Bashir said that Pakistani banks have technological and efficiency edge over Indian banks and all leading banks of the country are keen to establish their branches in India as soon as the permission is granted by India. —

The News
Title: Re: Textile Sector
Post by: Dhillon on May 23, 2012, 06:44:17 PM
Textile sector: On the way of recovery                                      Written as on May 23, 2012

Highlights

            •         PKR depreciation: A supportive tool for bottomline

            •         Steady cotton prices keep margins stable

            •         Outlook and recommendation

 In today's value seeker, we present an update on textile sector of Pakistan, coupled with outlook and recommendation on our sample universe companies (NML and NCL).

PKR depreciation: A supportive tool for bottomline

Following appreciation in the USD against PKR will open some new window for the textile exports oriented companies including Nishat Millis Limited (NML) and Nishat Chunian Limited (NCL). The aggregate exports of both  the companies settle around ~75% of their  total sales. Therefore any upward journey in USD against PKR would certainly improve the bottomline of the companies. During the April-12 to date, USD appreciated by 0.25% against PKR while USD appreciated by 3.8% FYTD, therefore, textile sector seems to be the chief beneficiary of PKR depreciation going forward.

Steady cotton prices keep margins stable

The cotton prices declined by 34%YoY during the 9MFY12 at local front and 26.4%YoY at international facade which badly affected the gross margin of textile sector to ~12.4% during 9MFY12 against above 18% in FY11. The major reason behind depressed GM’s was expensive inventory of FY11 which utilizes in FY12 which badly impacted the company’s margin. However, recovery in margins is expected as the cotton is available at low price coupled with revised international trading contracts. Moreover, stable cotton prices during FY12 to date at Rs5824/maund keep the margins stable of textile companies.

Furthermore, the world cotton production is estimated to be at 123mn bales (1 bales = 480lb), increase by 5.7%YoY, during 11MFY12 according to USDA. However, during the FY13 the USDA estimated the production will be at the level of 116mn bales which is same as FY11 production. Despite the estimated decline in production, 66.9mn bales carry forward stock for FY13 keep check on the cotton prices.

Textile export: Decline in quantity the major culprit

On YoY basis, the textile export declined by 10% to USD10.0bn, mainly due to decline in quantity of different textile products coupled with low cotton prices. With the major share of 18.5% in total textile export, Cotton cloth segment exports fall by 15.4%YoY during Jul-Apr12 in quantity. Moreover, other textile segments Knitwear, Bed wear and Ready made garments were also down by 26%YoY, 20%YoY and 27%YoY respectively during the said period. Therefore, we estimates textile export would be ~USD12bn for FY12 as against the target of USD16bn. The shortage of electricity is major factor which is denting the production of textile products.   

Outlook and recommendations

Following the stability in gross margins of textile companies coupled with expected further appreciation in USD against PKR, we continue to like NCL and NML as our top picks of the sector with Jun-12 TPof  Rs26/share and Rs62/share respectively. NCL is trading at PE multiple of 5.5x with dividend yield of 9% for FY12 similarly, NML is trading at PE multiple of 4.8x with dividend yield of 4.5% for FY12.

Investcap
Title: Re: Textile Sector
Post by: 007 on June 03, 2012, 06:36:53 PM
Textiles: A sum of Rs 10bn has been allocated for export development fund, which is positive for the value-added textile units, as the fund will be utilize for equipping the value-added industry with modern technology and trained/skilled workforce.

FS
Title: Re: Textile Sector
Post by: Farzooq on June 09, 2012, 10:14:13 AM

White gold in the lurch
 June 08, 2012
BR RESEARCH

Flagging fibre prices, with cotton trading close to 80 cents per pound, validates the markets growing pessimism over the cotton outlook for the rest of the year. At the current level, cotton prices have plunged to a 31-month low in the international market, marking a drop of around 63 percent from record high prices of $2.19 touched in March 2011. Local cotton bazaar also follows the downhill trend, with fibre gyrating around Rs.5,500 per maund, of late, down from record high of around Rs.13,500 per maund touched during the March last year. Behind the declining prices is a combination of growing stock level, slowing world economy and strengthening of US dollar. Prospects for cotton demand have deteriorated on account of economic upheaval across European countries and slow down in economic engines in China. The global cotton output and demand gap is expected to narrow in 2012/13 compared to the last year, as production is expected to fall by 7 percent to around 25.10 million tons, when the global fiber consumption in expected to increase by 3 percent to 23.9 million tons in 2012/13. But, expansion in the worlds cotton reserves, given that the cotton production will exceed consumption for three years in a row in 2012/13, will continue to keep growers on the receiving end. The global stock level is expected to improve to 14.46 million tons in 2012/13, marking a growth of 9 percent compared to the last year. "By the end of July 2013, global cotton stocks would represent 61 percent of global consumption, the highest stocks-to use ratio reached since 1998/99", according to International Cotton Advisory Committees ( ICAC) press release. As cotton managed to maintain its title as one of the worst performing commodity since the past one year, falling prices will drastically reduce the farmers interest in cotton plantation down the line. However, in local market where framers don have the luxury of switching to other commodities as in the case of developed countries, the government is eyeing a target production of 16 million bales in the next fiscal year as opposed to around 13.6 million bales of output in FY12.

(http://www.brecorder.com/images/pic2012/06/White.jpg)
Title: Re: Textile Sector
Post by: Farzooq on June 16, 2012, 10:00:06 AM
EU parliament accords GSP status to Pakistan
our correspondent
 Saturday, June 16, 2012
ISLAMABAD: In a landmark decision the European Parliament (EP) has voted to approve draft legislation for the new EU scheme for Generalised System of Preferences (GSP) under which Pakistan will be joining the countries that will be entitled to receive duty free treatment from 2014.

Pakistan had been trying hard for a number of years to attain this status and Prime Minister Yusuf Raza Gilani on Friday felicitated the federal commerce minister Makhdoom Amin Fahim and commerce secretary Zafar Mahmood for successfully pleading Pakistan’s case with the European Union.

Prime Minister Gilani also thanked president European Commission, President European Council and EU Parliament for according approval to the draft legislation. In the meanwhile the ministry of commerce has stated that the passage of the draft act in EU would pave the way for the concessionary mechanism to come into force from 2014.

The scheme will replace the current GSP scheme from January 2014, under which some of the existing criteria for GSP Plus beneficiaries have also been changed. This will make Pakistan and a few other countries eligible to apply for GSP Plus, provided they fulfill the other criteria such as the commitment to effectively implement 7 international conventions relating to good governance, human rights and sustainable development etc. In case Pakistan is able to meet all the criteria for GSP Plus, its exports to the EU under the concessionary tariff lines will receive duty free treatment from 2014 onwards.
Title: Re: Textile Sector
Post by: Farzooq on August 04, 2012, 01:41:35 PM

Prices stabilise as ginners refrain from panic selling

 August 04, 2012
RECORDER REPORT

Prices were firm on the cotton market on Friday as the ginners stopped panic selling, which saved the rates from falling sharply in the near future, dealers said. The official spot rate was unchanged at Rs 5550, they said. In the ready business over 10,000 bales of cotton changed hands between Rs 5525-5700, they said.
 
The prices of seedcotton in Sindh were improved by Rs 50 to Rs 2600-2650, in the Punjab low type gained Rs 100 to Rs 2500 and best type was up by Rs 50 to Rs 2550, they added. Prices did not show sharp fluctuation as a result of persistent demand by mills and it looks that rates may not come down due to forward buying by mills, Naseem usman said.
 
Some brokers said that during the last sessions it was feared the prices may continue to fall if phutti arrivals continue to rise in days to come. The ginners were under pressure and decided not to lower the asking prices analysts said and added that next direction of market will almost depend on the attitude of the ginners.
 
If phutti arrivals halted or stuff damaged by the heavy monsoon rains they may face losses, they added. According to the Reuters, the NY cotton futures settled marginally firmer on Thursday on buying by small speculators as players adjusted their positions before the release of key government data, brokers said.
 
Title: Re: Textile Sector
Post by: Farzooq on August 15, 2012, 03:23:51 PM
Indian export ban to pull international cotton prices in FY13 – InvestCap Research

Added by Baqar Abbas Jafri on August 15, 2012.
By: Abdul Azeem, Invest Capital Markets Ltd.
 
Highlights
 
•         High opening inventory keep cotton prices at low side in FY13 
 
•         Cotton imports slides by 16%YoY to 37.2mn bales during FY13
 
•         Cotton prices expected to remain stagnant during FY13
 
In today’s Value Seeker, we present the cotton price outlook for FY13 and impact on local textile sector.
 
High opening inventory keep cotton prices at low side in FY13
 
Although global production is expected to be down by 7%YoY to 114.1mn bales (1 bales = 480lbs) and consumption up by 3%YoY to 108.2mn bales ending stock during FY13 of 74.7mn bales (highest in the history) is foreseen to keep cotton prices at bay during FY13.
 
As the biggest cotton consumer, China’s consumption is expected to be down by 2.5%YoY to 39.0mn bales as demand of cotton from textile companies is falling due to lower export expectations. On the other hand we expect India’s consumption to spike up because the Indian gov’t is foreseen to provide higher support prices to restrict Indian supply in the international markets; this can very well impact the global supply side for exports. The Cotton traders in India are also of an opinion that gov’t would impose ban on cotton exports due to limited supply as people expect drought situation to arise due to lesser monsoon rains in India. In addition to that, cotton consumption of countries like Pakistan and Turkey is also anticipated to 11.0mn bales (up 9% YoY) and 5.6mn bales (up 6% YoY) respectively.
 
Cotton imports to slide by 16%YoY to 37.2mn bales during FY13
 
Overall, the overall import of cotton is also expected to go down by 16%YoY to 37.2mn bales during in FY13. As the major cotton importer China is expected to have 35% share of total world cotton imports, down by massive 20pps. However, cotton imports from Bangladesh and Turkey is expected to up by 12.5%YoY to 3.6mn bales and 30%YoY to 3mn bales respectively.
 
Cotton prices expected to remain stagnant during FY13
 
With the expectations of record backlog of cotton during FY13, cotton prices are estimated to be under influence of this excess cotton inventory. However, if India bans its exports as it did last year then the short term up trend could be seen in the international prices. As the follower of international prices, the local cotton prices are also witness up trend during FY13. Currently, internationally cotton is being traded at USD72.09cents/lb as it has touched 3-year lowest level of USD 65.36cents/lb on June 06, 2012, however, likely ban of cotton export from India is expected to further pull the international cotton prices. On local front, cotton prices remained on low side as during FY12 a cotton mound was traded at ~Rs5817/37.5kg, while closed at Rs5800/37.5kg on last trading day. With all the above said facts we estimate local cotton prices could fall between the ranges of 5800~6000/37.5kg during FY13. However, with the low prices during FY13 the world harvested area during FY14 could be down drastically therefore, we estimate the cotton prices during FY14 to be better then FY13.
Title: Re: Textile Sector
Post by: Farzooq on August 18, 2012, 01:31:02 PM
Textile exports fall to $1.09bn in July

 Shahnawaz Akhter
 Saturday, August 18, 2012
KARACHI: Pakistan’s textile exports witnessed a nominal decline of 2.2 percent to $1.09 billion in the first month of the current fiscal year as against $1.116 billion in the corresponding month of the last fiscal year.
According to official figures released by Pakistan Bureau of Statistics (PBS) on Friday, the exports were slightly up i.e. 0.82 percent when compared with $1.08 billion in the last month.
Experts said that due to recession in international markets the demand for Pakistan textile has reduced.
Prices of Pakistan-made textile commodities had decreased in the international market, which is also one of the reasons for reduction in exports, said an expert.

The country’s textile exports came down by 10.38 percent falling from record high of $13.788 billion in 2010-2011 to $12.356 billion in 2011-2012.
Industry sources said that the fall in textile exports was mainly internal due to the worst energy shortage ever experienced by the country.
The commodity-wise exports in textiles showed that export of raw cotton declined sharply by 86.76 percent to $1.5 million during July 2012 as against $11.524 million in July 2011.
Foreign buyers, however, showed interest in cotton yarn as export of this commodity went up by 40.43 percent to $172.2 million as against $122.62 million in the previous year.
The export of cotton cloth came down by 15.28 percent to $201 million this July from $237 million in July 2011.
The export of finished products also fell as Pakistan fetch $197.28 million foreign exchange reserves in knitwear exports as against $228 million. Similarly, bed wear exports came down by 14.61 percent to $156 million as against $183.44 million in the previous corresponding month.
In July 2012, the total exports of the country stood at $2.057 billion, which was lower by 4.84 percent from $2.157 billion in the corresponding month of last fiscal year.
Title: Re: Textile Sector
Post by: SBM on September 06, 2012, 01:53:40 AM
Bloomberg News, sent from my Android phone

Cotton warehouses from China to Australia are bulging with the biggest-ever glut, a year after record prices spurred farmers to expand output.

Harvests will exceed demand for a third year, swelling stockpiles by 10 percent to 74.67 million 480-pound bales by August, the U.S. Department of Agriculture estimates. Inventories in China, the biggest user, will triple over two years to a record as domestic demand slumps to the lowest since 2005, USDA data show. Cotton may drop 9.9 percent to 67.87 cents a pound by the end of the year, according to the average of 20 analyst and merchant estimates compiled by Bloomberg.

Slowing economic growth means the surplus will widen even as China, Australia, Brazil and India produce less this season, leading to the first global output decline in three years, the USDA predicts. Prices already plunged 66 percent from last year’s peak of $2.197 a pound, reducing costs for buyers from Hanesbrands Inc. (HBI), the maker of Champion apparel, to San Francisco-based Levi Strauss & Co.

“There’s an awful lot of cotton around,” said David Wookey, a managing director and trader at Isis Commodities Ltd., a cotton merchant in Boston, England, founded 17 years ago. “You’ve got a large stocks situation that’s been coupled with weaker global consumption.”

Surplus Widens

Prices tumbled 18 percent this year on ICE Futures U.S. in New York, exceeded only by arabica coffee’s 27 percent decline among the 24 commodities tracked by the Standard & Poor’s GSCI Spot Index. The gauge rose 4.5 percent. The MSCI All-Country World Index of equities gained 7 percent. Treasuries returned 2.6 percent, according to Bank of America Corp.

The world’s farmers will produce 114.1 million bales in the year that began Aug. 1, 7 percent less than the record 122.7 million a year earlier, the USDA predicts. Demand will be 108.2 million, the second-lowest level in nine years, the agency estimates. A bale provides enough material for 1,217 men’s T- shirts, according to the National Cotton Council of America.

China will import 46 percent less cotton in the 12 months through July 31, according to USDA. Consumption in the country may drop 11 percent this year, Zhang Hongxia, the chairman of Hong Kong-listed Weiqiao Textile Co. (2698), China’s largest cotton- textile maker, said in an interview Aug. 20. Cotlook Ltd., the Birkenhead, England-based research company, boosted its surplus estimate by 55 percent on Aug. 23, citing the deceleration in Chinese demand.

Crop Switching

Smaller harvests may bolster prices that reached a 31-month low of 64.61 cents on June 4, said Jon Devine, an economist for Cotton Inc., an industry group in Cary, North Carolina. Hedge funds on Aug. 28 were the most bullish since February, holding a net-long position of 13,047 futures and options contracts, Commodity Futures Trading Commission data show. The December- delivery contract fell 2.3 percent to 75.52 cents a pound at 11:54 a.m.

U.S. farmers, the largest exporters, can earn more planting crops including corn or soybeans, which reached record prices this year after a drought that T-Storm Weather LLC estimates was the most-severe since 1936, based on temperature and rainfall in June and July. A USDA report on May 1 showed cotton growers lost $154.17 an acre in 2011 and corn earned $194.52. While the agency won’t estimate this year’s returns until Oct. 1, cotton prices are 22 percent lower and corn is up 42 percent.

Indian Monsoon

Matt Huie, a farmer in Beeville, Texas, who planted 3,600 acres of the fiber last year, said he “probably would consider not planting cotton at all.”

“I would expect massive reductions of cotton acreage,” said Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt. “This should lead to a decline in supply and to rising cotton prices next year.”

The monsoon in India, the second-largest exporter, has been 12 percent below the 50-year average, the Meteorological Department said Aug. 30. The weather pattern accounts for about 70 percent of the country’s annual rainfall.

Plantings in Australia during the next three months may drop more than 12 percent, according to the government. Output in Brazil may tumble 26 percent as farmers shift to soybeans, the USDA’S Foreign Agricultural Service said in a report posted yesterday on its website.

Expectations for lower prices may spur traders to break $600 million of contracts this year, or 5 percent of global trade in the fiber, said Terry Townsend, the executive director of the International Cotton Advisory Committee in Washington. That’s down from about 20 percent in the past two years because prices are less volatile, he said.

Profit Margins

Hanesbrands, the Winston-Salem, North Carolina-based maker of the Wonderbra, saw cotton costs jump by $200 million in 2011, Chief Executive Officer Rich Noll told analysts on a July 31 conference call. Margins have since returned to “historical levels,” he said.

Levi Strauss expects lower cotton costs in the third and fourth quarters, former Chief Financial Officer Blake Jorgensen told analysts on a conference call July 10. The company cut prices in some markets in the second quarter to reduce inventories and products being sold in the spring were the “tail end of the peak cotton prices in the products we sourced last year,” he said.

Cheaper cotton will mean improved margins at American Eagle Outfitters Inc., a Pittsburgh-based clothing retailer, in the second half, Chief Financial Officer Mary M. Boland told analysts on an Aug. 22 call. J. Crew Group Inc., a clothing retailer based in Lynchburg, Virginia, told shareholders Aug. 30 that margins are benefiting from declining prices for the fiber.

Cheaper Polyester

While global demand is forecast by the USDA to rise 2.6 percent in the 12 months through July, after slumping 11 percent in the previous two years, more textile makers are turning to cheaper synthetic fibers. Polyester cost 77.6 cents a pound in China on Aug. 24, according to Cotlook. Cotton traded at $1.61, the Cotton China Index reported that same day.

China mills about one-third of the world’s cotton and is the top producer of polyester, according to the Washington-based International Cotton Advisory Committee, which has 41 member states. The group projects global synthetic-fiber consumption at 47.2 million tons in 2012, 3.9 percent more than last year.

Manufacturing in China unexpectedly shrank in August for the first time in nine months, the National Bureau of Statistics and China Federation of Logistics and Purchasing said on Sept. 1 in Beijing.

“Cotton-market fundamentals are just awful,” said Sterling Smith, a futures specialist at Citigroup Inc. in Chicago. “Demand is quite low, and the heavy supplies will contain any rally. We will probably see a downward correction from the recent rally as new crops start to come to market.”
Title: Re: Textile Sector
Post by: Farzooq on September 11, 2012, 11:29:57 AM
The State Bank of Pakistan, yesterday, cut the
interest rate on export refinance schemes by 1.5% in
order to give some relief to export oriented sectors.
This move was highly anticipated by exporters after
the 150bps cut in the policy rate in the last Monetary
Policy. The cut in export financing rates is expected
to bode well for the textile chain as their borrowing
costs are anticipated to be on the lower side. As per our
analysis we have revised our earning estimates for Nishat
Mills Limited (NML) and Nishat Chunian Limited (NCL) by 3%
and 12% respectively for FY13. Furthermore, duty free
access to Pakistan into the EU market is likely to be approved
today in a meeting of EU Council of Ministers. At current
levels, we have a ‘Buy’ call on NCL while we recommend a
‘Hold’ for NML.

EFS rates slashed by 150bps
SBP, yesterday, slashed export refinancing rates by 150bps,
following the cut in the discount rate in the last Monetary
Policy. The rates have been reduced to 8.5% from 10.0%
previously (with the maximum margin for banks not to exceed
1%) and would be applicable from September 2012 until
further notifications. As seen previously, this bodes well for
the export oriented sectors, especially the textile industry as
their borrowing costs would become cheaper. As a result we
have revised up our earning estimates for NML and NCL are
by 3% and 12% on account of respectively for FY13.

FY13 revised earning estimates
(Rs) Old New %?
NML 12.91 13.26 3%
NCL 5.47 6.12 12%
Source: JS Research estimates

After a relatively depressed FY12, this move by the SBP
would be highly appreciated by the textile chain which is
currently embroiled in the energy crisis and faces the risk of a
sharp increase in cotton prices in the wake of on going heavy
rains in the country.

Duty free access to be approved today
As per the Deputy Head of the EU delegation to Islamabad,
duty free access to Pakistan is likely to be approved today in
the meeting of EU Councils of Ministers in Brussels. Pakistan
would be given approval to export 75 items (including 65
textile products) to EU under the revised Generalised System
of Preference (GSP) plus scheme with effect from January 1,
2014. To recall, the European Parliament voted to approve
the draft legislation for the new EU scheme to allow Pakistan
a duty free access in July 2012. Currently, Pakistan
contributes to approximately 1.3% of total EU imports which is
likely to increase further with the approval of the new scheme.
While, details of new scheme have not yet been released, the
initial projections based on previous schemes, suggest that it
could boost Pakistani exports by EU900mn.

Outlook
Given the current tough conditions in the country with regards
to the energy crisis, the above two developments provide a
much needed breather for the textile industry on a whole.
However, the current monsoon rains pose a great threat to
the cotton crop in the country. Hence, we could see cotton
prices shooting up if the crop damage is at a bigger scale
which would be a concern for the industry. For now, we
remain ‘Market-Weight’ on the textile sector with a ‘Buy’
recommendation on NCL and a ‘Hold’ on NML with revised
target prices of Rs29 and Rs61 respectively.

jsgcl
Title: Re: Textile Sector
Post by: Hamid Mamraiz on September 13, 2012, 01:44:38 PM
Textile Export: EU may re-check labor laws                                                Written as on September 13, 2012

Highlights

            •         Is any hurdle to textile export from Pakistan?

            •         Flood: Not a major impact on cotton production

            •         Outlook & Recommendation

           

After the garment factory tragedy in Karachi, a fear of any action on export of garments from Pakistan is increasing as foreign buyers are very conscious regarding safety measures certification in the companies especially for exporters. In today's Value Seeker we present the implication of any action from European Union or US on our garments exports coupled with our outlook and recommendation on textile sector. 

Is any hurdle to textile export from Pakistan?

Most of the textile companies in Pakistan are following the social accountability laws as it is mandatory for exporters, however, after the incident of Karachi garments factory we believe EU may recheck the all safety measure laws in Pakistan. In this regard most of the textile exporters urge to renewal their social accountability certifications. Currently, Pakistan and EU have finalized Generalised System of Preferences (GSP), under which Pakistan will also receive duty free treatment from the year 2014. Therefore, any reaction from EU also may hurt this agreement.

Flood: Not a major impact on cotton production

With the heavy rains in the up country local production are expected to be hurt as Bhawalpur and Rahim Yar Khan regions have been the most affected areas in the country, as they produce almost 20% of total cotton production. Therefore, we estimate almost 1mn bales to be affected due to heavy rains in this region. However, with downfall in the cotton production we do not foresee any up rise in the cotton prices as purchasers may delay their orders due to increasing moisture level of the cotton. Or local yarn manufacturers import cotton for their orders to maintain their yarn quality.

Outlook & Recommendation

After the reduction in export refinancing rates by 1.5% coupled with low cotton prices will help the textile companies to increase their profitability going forward. Currently, NML and NCL are trading at PE multiple of 5.78x and 4.8 for FY13, We recommend 'Buy' on NCL and 'Hold on NML with our target price for Dec-12 of Rs65/sh and Rs26/sh respectively.

InvestCap
Title: Re: Textile Sector
Post by: Farzooq on September 20, 2012, 11:46:42 AM
Pakistan’s textile exports declined by 1.50 per cent during the first couple of months (July-August) of the ongoing financial year (2012-2013) as compared to exports in the same period of the preceding fiscal year (2011-12).
Title: Re: Textile Sector
Post by: KSE Investor on September 24, 2012, 11:11:02 AM
Textile exports for July & August recorded decline of 1.5%

http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1101627727&Issue=NP_LHE&Date=20120924
Title: Re: Textile Sector
Post by: Farzooq on September 28, 2012, 08:16:44 AM
Spot rate eases to Rs 5,250/m on grade issue

Staff Report

KARACHI: Lint trading remained brisk on Thursday with easing spot rate amid fine lint in focus, traders at the Karachi Cotton Association (KCA) said on Thursday.
KCA readjusted the spot rate downward by Rs 150 per maund to stay at Rs 5,250 per maund in order to support baseline prices level for weak holders and farmers, floor brokers said.
Due to recent rains, cottonseed absorbed moisture, which affected the quality in many parts of Punjab and Sindh cotton belt stations, thus affected the price of lint also.
During the trading session, buyers in Punjab and Sindh stations bought lint of all grades on competitive price at around Rs 5,350 per maund and Rs 5,125 per maund while fine lint changed hands at around Rs 5,875 per maund, traders said.
Mills in Sindh and Punjab stations made deals for lint of all grades on competitive prices at around Rs 5,450 per maund and Rs 5,375 per maund.
Second grade lint was available at around Rs 4,675 per maund in Punjab stations while same grade lint in Sindh was offered at some stations at around Rs 4,650 per maund.
The sellers withholding raw grades in Sindh stations offered their produce at around Rs 4,375 per maund to Rs 4,400 per maund, depending on thresh level.
The lint prices would likely to remain within the reach of buyers on back of New York Future market stable prices and due to grade issue in Punjab and Sindh stations, said Shakeel Ahmad a fibre analyst.
The buyers would remain prefer continuous buying for lint of all grades on back of future demand of lint, he added.
The buyers with less liquidity are making deals for meeting immediate needs besides classification process of cottonseed hit by rains in Punjab and Sindh stations is underway.
New York Future market’s firm sentiments are still supportive to domestic lint prices, he added. Around 21,000 bales changed hands with more than 70 percent of Punjab’s share in trading. Private sector commercial exporters also made deals for all grades on competitive rates at around Rs 5,025 per maund to Rs 5,075 per maund in Sindh and Punjab stations.
New York Futures market remained steady as October Futures stood at around 79 cents per pound and December Futures at around 72 cents per pound. Cotlook A index was hovering around 82 cents per pound
Title: Re: Textile Sector
Post by: SBM on October 01, 2012, 08:42:49 AM
http://www.brecorder.com/br-research/19:textile-composite/2812:textile-sector-in-utter-bliss/
Title: Re: Textile Sector
Post by: Tezihunt on October 01, 2012, 09:09:00 AM
http://www.brecorder.com/br-research/19:textile-composite/2812:textile-sector-in-utter-bliss/

Thanks - good sharing.
Title: Re: Textile Sector
Post by: asim.786 on October 08, 2012, 01:12:18 AM
http://urdu.aaj.tv/business/2012/10/07/118741_4_story.html
Title: Re: Textile Sector
Post by: malikk on October 08, 2012, 11:10:25 PM
Any one having Any idea abt Redco Textiles Limited
 ... havent heard of it ... result tu acha hai iska :rtfm:
Title: Re: Textile Sector
Post by: SBM on October 09, 2012, 04:23:34 AM
Any one having Any idea abt Redco Textiles Limited
 ... havent heard of it ... result tu acha hai iska :rtfm:

dunno.. though the name redco reminds me of former Ehtesab bureau (now called NAB) Chairman Saif ur Rehman's Redco group of companies. this might be one of his firms. Involved in pretty much everything corrupt in the country during his time. google karo :D
http://archives.dawn.com/2003/09/02/nat14.htm
Title: Re: Textile Sector
Post by: SBM on October 09, 2012, 04:38:26 AM
http://investorguide360.com/wp-content/uploads/2012/04/Textiles_Snapshot_April_2012-Research-of-the-Week.pdf

check this out... april ki research hai .. follow ki hoti tu 50 % up hotay :(
 
malik if you are looking for textiles, check prwm, i think it closed below 16 today i think, last quarter eps of 3.8 v full year eps of 4.2 as grosss margins expanded about 3 percentage points. q1 result  should also be decent.

They announced dps of 2.5 per share. Taking scm as proxy, which I think is the first high yield, low liquidity stock to go xdiv this season, prwm should go to 19.5-7 in spot. Getting a decent/material quantity maybe an issue, offloading it maybe a bigger issue as the stock trades only during result season.
Disclaimer: I hold a small quantity
Title: Re: Textile Sector
Post by: Ali135 on October 09, 2012, 07:05:37 AM
http://investorguide360.com/wp-content/uploads/2012/04/Textiles_Snapshot_April_2012-Research-of-the-Week.pdf

check this out... april ki research hai .. follow ki hoti tu 50 % up hotay :(
 
malik if you are looking for textiles, check prwm, i think it closed below 16 today i think, last quarter eps of 3.8 v full year eps of 4.2 as grosss margins expanded about 3 percentage points. q1 result  should also be decent.

They announced dps of 2.5 per share. Taking scm as proxy, which I think is the first high yield, low liquidity stock to go xdiv this season, prwm should go to 19.5-7 in spot. Getting a decent/material quantity maybe an issue, offloading it maybe a bigger issue as the stock trades only during result season.
Disclaimer: I hold a small quantity

Oulman bro i think prwm is at its highest point now...... aik adh rupay may b jay agay but ye 19 june 2012 ko 8.6 rupees pay close hoa tha..... im not a researcher so im sharing sumthing i know...
Title: Re: Textile Sector
Post by: SBM on October 09, 2012, 08:15:28 AM
http://investorguide360.com/wp-content/uploads/2012/04/Textiles_Snapshot_April_2012-Research-of-the-Week.pdf

check this out... april ki research hai .. follow ki hoti tu 50 % up hotay :(
 
malik if you are looking for textiles, check prwm, i think it closed below 16 today i think, last quarter eps of 3.8 v full year eps of 4.2 as grosss margins expanded about 3 percentage points. q1 result  should also be decent.

They announced dps of 2.5 per share. Taking scm as proxy, which I think is the first high yield, low liquidity stock to go xdiv this season, prwm should go to 19.5-7 in spot. Getting a decent/material quantity maybe an issue, offloading it maybe a bigger issue as the stock trades only during result season.
Disclaimer: I hold a small quantity

Oulman bro i think prwm is at its highest point now...... aik adh rupay may b jay agay but ye 19 june 2012 ko 8.6 rupees pay close hoa tha..... im not a researcher so im sharing sumthing i know...

thanks for sharing
Title: Re: Textile Sector
Post by: malikk on October 09, 2012, 09:22:40 AM
http://investorguide360.com/wp-content/uploads/2012/04/Textiles_Snapshot_April_2012-Research-of-the-Week.pdf

check this out... april ki research hai .. follow ki hoti tu 50 % up hotay :(
 
malik if you are looking for textiles, check prwm, i think it closed below 16 today i think, last quarter eps of 3.8 v full year eps of 4.2 as grosss margins expanded about 3 percentage points. q1 result  should also be decent.

They announced dps of 2.5 per share. Taking scm as proxy, which I think is the first high yield, low liquidity stock to go xdiv this season, prwm should go to 19.5-7 in spot. Getting a decent/material quantity maybe an issue, offloading it maybe a bigger issue as the stock trades only during result season.
Disclaimer: I hold a small quantity

oulman yar , u r ryt ... lekin ye saif  rehma wali he hai .. it ws on default list ... n shifted to normal counter .. and since july not traded ... thora sa ouper aana banta hai iska , i guess thtss y asked ... lekin PrWM has come a bit far frm hands nw :( i think
Title: Re: Textile Sector
Post by: SBM on October 10, 2012, 05:52:39 PM
Pepco plan irks Aptma
By Our Staff Reporter | 10/10/2012 12:00:00 AM
         
LAHORE, Oct 9: The new load management plan given by the Pakistan Electric Power Company (Pepco) will cause the export-oriented textile industry to stop production for about six hours a day but provides a major relief to the cement and some other industries.

The orders issued by the Pepco Director General of the Energy Management Cell (EM&C) to all distribution companies (Discos) subjects the textile mills to four-hour mandatory load-shedding during peak hours, that is, from 6pm to 10pm and directs them to `voluntarily` reduce their load by 10 per cent during the rest of the day.

This means the textile industry will be suffering from power cuts of more than six hours a day. The Pepco decision will adversely impact mills that do not have alternate energy arrangements, leading to production losses of 25-30 per cent a day due to complete closure of their plants.

The cement and continuous process industry, on the other hand, has been exempted completely from load-shedding and has been directed to voluntarily reduce the load by 25 per cent during the peak hours and by 10 per cent during off peak hours.

Agriculture tube-wells will be subjected to 12 hour load-shedding but will get continuous supply of electricity for eight to 10 hours. Steelfurnaces will also face power cuts half a day while the rest of the industry will be subjected to power supply suspension for 4-6 hours a day according to the schedule to be given by the Discos.

While talking to Dawn on Tuesday, Shahzad Ali Khan, chairman of the All Pakistan Textile Mills Association (Aptma-Punjab), rejected the load management plan of the EMC, terming it a step-motherly treatment being meted out to the textile industry.

He said the ministry of water and power had caught the textile industry with a big surprise at time when the domestic demand for electricity was lowest ebb in the country. Further, he said, the EMC was ruining the growth of the textile industry by suggesting irrational load management plans time and again.

`The line losses of the textile industry are less than one per cent and the recovery ratio is 100 per cent. Still it is being forced to shut down at the expense of millions of jobs and exports,` Shahzad said.

`A continuous six hours a day load shedding in the industry would end up on further closure of capacity, which is already down by 30pc.

According to him, both the president and the prime minister had been assuring of uninterrupted energy supply to the textile industry but the ministry was contradicting the approach of the highest offices of the country due to reasons known only to it.
Title: Re: Textile Sector
Post by: SBM on October 12, 2012, 07:58:50 AM
There're several reasons behind weakness in cotton prices

October 12, 2012 DR ZAFAR HASSAN 0 Comments
 Cotton prices which had risen by about Rs 300 per maund (37.32 Kgs) during the first half of this week conceded about Rs 100 per maund on Thursday displaying weakness in the market. Some quarters in the market attributed the weakness in the cotton market to payment problems being faced by the trade due to credit difficulties.

Others suggested that seedcotton arrivals which had decreased over the previous few days have now resumed to relatively increased levels. There is also the perception in the market that as and how this year's crop (August 2012 - July 2013) hastens into maturity, the seedcotton arrivals should increase putting more pressure on both the growers and the ginners to sell their produce. Another section of the trade suggested that mills have withdrawn from cotton purchases and thus the market prices have eased.

Brokers said in Karachi that New York cotton futures prices (ICE) had slipped from 123 to 171 points on Thursday after the opening of the session and thus the cotton market was generally subdued. With the northern hemisphere cotton availability poised towards increasing availabilities and record carryovers computed for entirely into the current season (2012-2013), there appeared no hurry to caver cotton expeditiously. China's cotton futures prices were reported to have gained more than one percent.

However, reports from China spoke of increase in yarn prices due to recovering demand from the downstream textile sector there. Yarn prices have turned remarkably tight both here and abroad to the relief and benefit of the textile sector. In the domestic market, the quality of Sindh cotton was said to be satisfactory, while the quality of Punjab cotton was also said to be improving. Weather continued to remain clear in the cotton belt and therefore the incoming crop should improve. Earlier, fears of presence of some mealy bug was reported from Sindh which had inclined some traders to believe that instead of ranging from an estimated cotton output of 14 to 15 million domestic size bales on an ex-gin basis during the current season (2012-2013), only about 13.5 to 14 million bales would be produced. With good sales of domestic yarns to China and elsewhere, Pakistani mills may be consuming from 14 to 14.5 million bales, the exporters may be shipping from a half to one million bales while domestic mills may import from one to 1.5 million bales.


http://www.brecorder.com/cotton-a-textiles/185:pakistan/1247200:therere-several-reasons-behind-weakness-in-cotton-prices/?date=2012-10-12
Title: Re: Textile Sector
Post by: SBM on October 17, 2012, 01:25:40 AM
http://investorguide360.com/wp-content/uploads/2012/04/Textiles_Snapshot_April_2012-Research-of-the-Week.pdf

check this out... april ki research hai .. follow ki hoti tu 50 % up hotay :(
 
malik if you are looking for textiles, check prwm, i think it closed below 16 today i think, last quarter eps of 3.8 v full year eps of 4.2 as grosss margins expanded about 3 percentage points. q1 result  should also be decent.

They announced dps of 2.5 per share. Taking scm as proxy, which I think is the first high yield, low liquidity stock to go xdiv this season, prwm should go to 19.5-7 in spot. Getting a decent/material quantity maybe an issue, offloading it maybe a bigger issue as the stock trades only during result season.
Disclaimer: I hold a small quantity
prwm last day of spot today,  made a high of 18 today, closed at 17.25, more than 2 rupees below my expectation.  dividend of 2.5.
elsm closed nearer target of 39+ at 38.5. Today was also last day of spot for it. 5 rupee dividend.
nagc at 39, also 5 rupees dividend. last day of spot is 22nd i think.
Title: Re: Textile Sector
Post by: SBM on October 17, 2012, 04:55:28 PM
http://tribune.com.pk/story/452577/faisalabad-woes-from-textile-hub-to-haven-for-scrap-dealers/
Title: Re: Textile Sector
Post by: SBM on October 18, 2012, 12:29:43 PM
http://www.brecorder.com/top-news/108-pakistan-top-news/86603-eu-preference-scheme-pakistan-to-make-314pc-net-gain-in-textile-export-.html
Title: Re: Textile Sector
Post by: SBM on October 21, 2012, 06:45:19 AM
Textile, clothing exports rebound
By Mubarak Zeb Khan | 10/20/2012 12:00:00 AM
         
ISLAMABAD, Oct 19: Pakistan`s export of textile and clothing rebounded in September 2012 after witnessing a slump for at least one year, mainly owing to a slight surge in demand from recession-hit key markets of Europe and United States.

Textile and clothing exports witnessed double digit growth of 12.91 per cent in September from a year ago, suggested data of Pakistan Bureau of Statistics released here on Friday.

The unprecedented growth was mainly driven by substantial increase in export proceeds of readymade garments, towels, and other low value products, like cotton yarn and cotton cloth, etc.

Former Chairman of Readymade Garments Association of Pakistan Masood Nagi told Dawn that growth in export of valueadded products was the outcome of three main factors witnessed in the past few months.

He said that growth in exports was the outcome of spillover effects from China and Taiwan`s labour issue.

About two or three per cent spillover from China alone was more than enough for Pakistan`s exporters to meet it.

Secondly, Mr Nagi said that the announcement of waiver on 75 products from Europe Union also encouraged European buyers to redevelop contactsin Pakistan.

He said major European buyers are eying to yield benefits in case EU granted Pakistan GSP plus status in 2014.

American buyers also reestablishing contacts with Pakistan`s textile and clothing exporters after disruption in supply from Egypt.

`Buyers are approaching Pakistan in bulk which is beyond our imaginations, Mr Nagi.

As a result of performance of textile and clothing sector, overall exports also witnessed 2.95 per cent growth in the first quarter (JulySept) this year as it stood at $3.271 billion this year as against $3.178 billion over the corresponding period last year.A sector-wise analysis showed that export of readymade garments went up by 26.5 per cent, knitwear 0.95 per cent, and towels 14.47 per cent in September this year over last year.

Export of low value-added products like cotton yarn was up by 40.79 per cent, cotton cloth 14.38 per cent, yarn other than cotton yarn 90.44 per cent, made-ups 7.30 per cent and other textile material 138.92 per cent in September this year over same month last year.Former chairman of All-Pakistan Textile Mills Association Gohar Ijaz told Dawn that persistent supply of gas for five consecutive days in JulySeptember period to textile sector produced the desired results.

He said that growth in yarn and fabric exports was mainly because of improved energy supply.

Mr Ijaz said that 80 per cent textile products were manufactured in Punjab.

The full capacity utilisation of production caused growth in export of home textile towels and bedwear as well.

This shows that in case of uninterrupted supply of energy, export of textile products would increase manifold.

However, export of raw cotton declined by 8.05 per cent in September this year.

Cotton production is expected to increase this year following arrival of new crop in the market. Cotton crop arrival will start from October.

Contrary to this, over 22 per cent increase was also witnessed in terms of rupee owing to depreciation of rupee against the dollar in the past few months, indicating that the fall in the health of rupee supported Pakistani textile and clothing products to penetrate in the international markets.

At the same time, there was a 17.45 per cent increase in import of machinery in the value-added sector to increase quality and capacity of production.

This indicates that local manufacturers were also expanding their production capacity.
Title: Re: Textile Sector
Post by: asim.786 on October 21, 2012, 05:30:49 PM
Textile sector will outperform in next quarter due to highly increasing in export number , devaluation in rupee against dollar , cut in discount rate,decrease in energy crisis,
Like cement now its Textile sector rally turn. So need to keep eyes on textile sector other than Ncl and NML
Title: Re: Textile Sector
Post by: sohail2b on October 21, 2012, 06:43:58 PM
which items do you see in this sector other than NML and NCL
Title: Re: Textile Sector
Post by: Hamid Mamraiz on October 21, 2012, 10:35:25 PM
which items do you see in this sector other than NML and NCL

BNWM ia also good item
Title: Re: Textile Sector
Post by: SBM on October 22, 2012, 07:18:57 AM
Textile sector will outperform in next quarter due to highly increasing in export number , devaluation in rupee against dollar , cut in discount rate,decrease in energy crisis,
Like cement now its Textile sector rally turn. So need to keep eyes on textile sector other than Ncl and NML

any recommendations ?
Title: Re: Textile Sector
Post by: hammad01 on October 22, 2012, 07:36:43 AM
Yar I have heard that textile industries with yarn export products are in great profits. However, i am unable to find companies that are predominently yarn ones. Can any one name any?
Title: Re: Textile Sector
Post by: SBM on October 22, 2012, 08:17:54 AM
Yar I have heard that textile industries with yarn export products are in great profits. However, i am unable to find companies that are predominently yarn ones. Can any one name any?

any company that has 'spinning' in its name will be making yarn mostly ..
read previous posts in this topic, and check fasm - faisal spinning mills thread, check gadt thread on this forum ..
Title: Re: Textile Sector
Post by: SBM on November 05, 2012, 01:14:54 AM
Bloomberg News, sent from my Android phone

Cotton stockpiles in China, the world’s biggest importer, are set to climb to about 9 million metric tons this season, enough to cover the country’s deficit for the next six years, according to Allenberg Cotton Co.

Inventories are rising as the government boosts purchases to support domestic prices and lift farmer incomes, Joe Nicosia, chief executive officer of world’s largest cotton trader, said at a conference in Hong Kong today. The country may buy 5 million tons for reserves this year, up from 3.2 million tons a year earlier, he said.

“As long as China maintains this regime to subsidize cotton farmers, the world will be prone to overproduction,” he said. “Can you imagine a world without China importing any cotton for six years? They hold all the cards.”

Cotton plunged 68 percent from a record last year as farmers expanded output. Global stockpiles will reach a record 16.4 million tons in the year started Aug. 1, increasing 17 percent from a year earlier, according to the International Cotton Advisory Committee. The slump in prices has curbed costs at companies such as Levi Strauss & Co. and Gap Inc. (GPS)

“Outside of China the world has 13.9 million bales of surplus,” said Nicosia, who is also executive vice president of Louis Dreyfus Commodities BV. “How much of this surplus China decides to absorb will determine the cotton market’s direction.” Each bale weighs 480 pounds (218 kilograms).

Poor Performer

Global stockpiles may total 79.11 million bales on July 31, up 14 percent from a year earlier, the U.S. Department of Agriculture said Oct. 11. China will import 11 million bales, down 55 percent from last year, as its inventories climb 21 percent to 36.61 million bales, the agency said.

Cotton, which reached a record $2.197 a pound in March 2011, is the worst performer this year after arabica coffee among the 24 commodities tracked by the Standard & Poor’s GSCI Spot Index. Futures traded at 70.39 cents on ICE Futures U.S. in New York today, down 23 percent in 2012. Imports by China become viable if prices drop below 68 cents, even with a 40 percent duty, said Nicosia.

As long as the nation curbs access to competitively priced cotton, consumption growth will shift to other Asian countries, he said. China needs to sell its reserves “at competitive prices or risk losing its domination of the world’s textile industry and the jobs associated with it,” he said.

Cotton consumption in China will drop for a third year in 2012-2013, declining 5.3 percent to 36 million bales, after a 17 percent plunge a year earlier, the USDA estimates. Domestic use has slumped 28 percent since 2009-2010, agency data show.

“I’m hopeful that the Chinese mills can gain access to more competitively priced cotton so they can increase consumption and get the cotton-polyester blend back,” said Nicosia in an interview at the conference. “Millions of bales of demand were lost to the man-made fiber. It will take a period of years in order to get that back.”

To contact Bloomberg News staff for this story: Feiwen Rong in Beijing at frong2@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

Title: Re: Textile Sector
Post by: stockz_123 on November 05, 2012, 12:50:28 PM
Cotton arrivals touch 6.8mn bales           (BR)  
As per latest fortnightly report released by the Pakistan Cotton Ginners Association (PCGA), 
around 6.8mn bales of cotton crop has reached ginning factories across Pakistan by Nov 1st 
showing a 2.2% increase from last year. With regard to domestic crop targets, the Cotton Crop 
Assessment Committee is due to hold a meeting today (Nov 5th) and may set full year target at 
13.6mn bales to reflect impact of loss of crop due to heavy rains and floods in Sindh and Punjab.  

KASB
Title: Re: Textile Sector
Post by: SBM on November 08, 2012, 11:17:16 PM
Textile industry: SNGPL drastically reduces gas supply

November 08, 2012 TAHIR AMIN 0 Comments
 Textile industry is likely to face a worsening situation in the coming days, as the Sui Northern Gas Pipelines Limited (SNGPL) has reduced gas supply to the industry to four days a week, it is learnt. Government has set textile exports' target at $16 billion for the current year 2012-13, however due to the ongoing energy crisis it is difficult to realise the target and the exports would be no more than $12.5 billion, informed sources in the Textile industry told Business Recorder.

About 80 percent textile industry is based on Captive Power Plants (CPPs) and due to cut in gas supply, the production capacity would decline by 20-30 percent, the sources maintained, adding that large-scale closures/bankruptcies and massive lays off in the textile industry are feared. They further said that without issuing notices to these industries, gas supply has been cut on the plea of gas shortage.

Sources said that though the cost of power generation from CPPs in textile sector varies from unit to unit and area to area, average power generation cost of CPPs is less than other sources of generation. Power generated from CPPs running on gas cost Rs 6.50 -7 per unit against Rs 25 from furnace oil and Rs 28 per unit from diesel. An industrialist told this correspondent that when energy crisis started, the government asked mill owners to install CPPs using furnace oil to meet their requirements. But with the passage of time the cost of furnace oil increased and government asked the industrialists to shift CPPs to gas. Industrialists made huge investment and transferred their power generation units to gas. Now gas is not available and the industrialists are in a fix to meet their energy requirements, he observed.

To lessen the gravity of power shortage, the government had decided to procure additional electricity from CPPs installed by textile sector to minimise the energy shortfall in the country. CPPs are already providing 200 MW to the Distribution Companies (Discos) and have the capacity to generate an additional 250 to 300 MW. Presently CPPs are providing captive power to Faisalabad Electricity Supply Corporation (FESCO), Lahore Electric Supply Company (LESCO) and Karachi Electric Supply Company Limited (KESCL).

Chairman All Pakistan Textile Mills Association (PTMA) Punjab Shehzad Ali Khan confirmed to Business Recorder that gas supply has been cut to four days from Wednesday without any advance notice. Shehzad further said that growing energy shortage especially in the manufacturing sector is impeding industrial growth and could lead to substantial reduction in production, jobs and exports.

The CPPs were installed by the industrial community to overcome power shortage, but due to gas load shedding CPPs are unable to provide the desired result and textile mills are on the verge of collapse, he added. He further said that the issue would be raised with the relevant authorities.
Title: Re: Textile Sector
Post by: SBM on November 11, 2012, 05:56:58 PM
http://www.brecorder.com/cotton-a-textiles/186:world/1257266:cotton-stocks-above-80-million-bales-for-first-time:-usda/

Cotton stocks above 80 million bales for first time: USDA

November 11, 2012 RECORDER REPORT 0 Comments
 The US government has raised its 2012/13 forecast for global cotton inventory to above 80 million 480-pound bales for the first time due to growing output in the United States, the world's third largest producer, and falling demand from China, the world's largest consumer.

While analysts and traders expected the increase, surpassing the 80 million mark is likely to reinforce concerns about rising supplies and long-term demand as mills use more man-made fibers. It will also heighten uncertainty about the Chinese government's stockpiling strategy.

In its monthly crop report, the US Department of Agriculture increased its estimate for 2012/13 ending stocks for a fourth straight month to a new all-time high of 80.27 million bales. The new forecast is up from 79.11 million last month, and 15 percent higher than 2011/12 levels. It was largely driven by a 500,000-bale rise in global output, due to increases in the United States, Uzbekistan and some African countries, and the same-sized drop in consumption, mainly due to China.

Tentative fears that superstorm Sandy, which battered the US East Coast at the end of October, had damaged crops in Virginia and North Carolina appeared unfounded. The unwelcome rains and wind could have damaged crop quality as US farmers continue their harvest, but the government raised its estimate for US output by almost 1 percent to 17.45 million bales and hiked its inventory forecast by 3.5 percent to 5.8 million bales.

"The cotton reports were negative with the United States and bearish with the world," said Sharon Johnson, senior cotton specialist at Knight Futures. While a global carryover for 2012/13 of over 80 million bales is alarming to growers and traders, almost one-half is expected to be held in China's massive strategic reserve, where it is effectively removed from the open market, analysts say.
Title: Re: Textile Sector
Post by: asim.786 on November 14, 2012, 11:32:47 PM
http://www.arynews.tv/urdusite/newsdetail1.asp?nid=98638
Positive impact on textile sector.
Title: Re: Textile Sector
Post by: decentshaw on November 17, 2012, 12:36:48 PM
FAISALABAD: With greater market access to the European Union, Pakistan’s largest trading partner, textile exporters can achieve an increase of 31% in sales to the 27-nation bloc under the Autonomous Trade Preference Scheme.

“Exports to the EU stood at $1.709 billion in 2011 and under the preference scheme, estimates show shipments can rise to $2.246 billion, a gain of $537 million,” said Zahid Aslam, President of Faisalabad Chamber of Commerce and Industry (FCCI) while talking to the media on Friday.

The EU has granted 75 items duty-free market access under its autonomous trade concessions up to December 31, 2013. Of these items, 26 are covered under tariff regulated quotas and 49 come under non-tariff regulated quotas effective from November 15.

This tariff concession would offer double gains to the exporters, he said. First, they will get quotas and be able to increase exports and second, Pakistan will qualify for further concessions in 2014 when the quota regime is reviewed.

However, Aslam pointed out that overall exports and imports of the country had contracted in recent months, mainly because of shortage of electricity and gas, which would leave its impact on employment, fiscal situation, etc.

Citing figures, he said exports fell 2.3% in the July-September quarter and imports dropped 6%, indicating sluggish economic activity, which would pile pressure on the country’s current account.

Published in The Express Tribune, November 17th, 2012
http://tribune.com.pk/story/466904/exporters-stand-chance-of-boosting-sales-to-europe/

Which scrips are likely to benefit most from the exports? I have a little insight in textiles. I am currently eying at NCL, ANL, KTML  on these levels with some raw knowledge.
Title: Re: Textile Sector
Post by: Poker Face on November 19, 2012, 10:55:39 AM
booming textile stocks at kse
 :D
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 19, 2012, 11:07:55 AM
Buy Items

Preferred First List

NCL   
NML                  
Bannu Woollen Mills Limited (BNWM)    
Ellcot Spinning Mills Limited (ELSM)             Breakup value 88.84   http://www.nagina.com
Faisal Spinning Mills Limited (FASM)       Breakup value 236
Gul Ahmed Textile Mills Limited (GATM)  Or Buy Right shares around 5-6 and subscribe(Preferred Option). http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=038692&pagesize=1&pageno=2
Ibrahim Fibre Limited (IBFL)       
Kohinoor Textile Mills Limited (KTML)     
Maqbool Textile Mills Limited (MQTM)   Breakup value 18.35
Nagina Cotton Mills Limited (NAGC)       Breakup value 67.98   http://www.nagina.com
Prosperity Weaving Mills Limited (PRWM)    Breakup value 30.35   http://www.nagina.com
Reliance Weaving Mills Limited (REWM) Breakup value 53.95   http://www.fatima-group.com/relianceweaving/pdf/AnnualReport2012.pdf
Sana Industries Limited (SNAI)                  http://www.sana-industries.com/11-12/Balance%20Sheet.pdf
Shahtaj Textile Mills Limited (STJT)       Breakup value 62+
Suraj Cotton Mills Limited (SURC)   Breakup value 120+



Preferred Second List


Artistic Denim Mills Limited (ADMM)      
Blessed Textile Mills Limited (BTL)       
Din Textile Mills Limited (DINT)          
Idrees Textile Mills Limited (IDRT)       
Masood Textile Mills Limited (MSOT)       
Janana-de-Malucho Textile Mills Limited (JDMT)
Saif Textile Mills Limited (SAIF)         
Sapphire Fibers Limited (SFL)                  
Sunrays Textile Mills Limited (SUTM)      
Shahzad Textile Mills Limited (SZTM)      
Tata Textile Mills Limited (TATM)      

Kachra Textiles


Amtex Limited (AMTEX)             
Chakwal Spinning Mills Limited (CWSM)       
Data Textile Limited (DATM)          
Dewan Salman Fibre Limited (DSFL)       
Gulistan Spinning Mills Limited (GUSM)    
Gulistan Textile Mills Limited (GUTM)        Loss company..Low volume
Kohat Textile Mills Limited (KOHTM)      
Kohinoor Industries Limited(KOIL)      
Kohinoor Spinning Mills Limited    (KOSM)    
Title: Re: Textile Sector
Post by: Poker Face on November 19, 2012, 11:37:11 AM
nice share
Title: Re: Textile Sector
Post by: Saiti on November 19, 2012, 04:24:08 PM
Buy Items

Preferred First List

NCL   
NML                  
Bannu Woollen Mills Limited (BNWM)    
Ellcot Spinning Mills Limited (ELSM)             Breakup value 88.84   http://www.nagina.com
Faisal Spinning Mills Limited (FASM)       Breakup value 236
Gul Ahmed Textile Mills Limited (GATM)  Or Buy Right shares around 5-6 and subscribe(Preferred Option). http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=038692&pagesize=1&pageno=2
Ibrahim Fibre Limited (IBFL)       
Kohinoor Textile Mills Limited (KTML)     
Maqbool Textile Mills Limited (MQTM)   Breakup value 18.35
Nagina Cotton Mills Limited (NAGC)       Breakup value 67.98   http://www.nagina.com
Prosperity Weaving Mills Limited (PRWM)    Breakup value 30.35   http://www.nagina.com
Reliance Weaving Mills Limited (REWM) Breakup value 53.95   http://www.fatima-group.com/relianceweaving/pdf/AnnualReport2012.pdf
Sana Industries Limited (SNAI)                  http://www.sana-industries.com/11-12/Balance%20Sheet.pdf
Shahtaj Textile Mills Limited (STJT)       Breakup value 62+
Suraj Cotton Mills Limited (SURC)   Breakup value 120+



Preferred Second List


Artistic Denim Mills Limited (ADMM)      
Blessed Textile Mills Limited (BTL)       
Din Textile Mills Limited (DINT)          
Idrees Textile Mills Limited (IDRT)       
Masood Textile Mills Limited (MSOT)       
Janana-de-Malucho Textile Mills Limited (JDMT)
Saif Textile Mills Limited (SAIF)         
Sapphire Fibers Limited (SFL)                  
Sunrays Textile Mills Limited (SUTM)      
Shahzad Textile Mills Limited (SZTM)      
Tata Textile Mills Limited (TATM)      

Kachra Textiles


Amtex Limited (AMTEX)             
Chakwal Spinning Mills Limited (CWSM)       
Data Textile Limited (DATM)          
Dewan Salman Fibre Limited (DSFL)       
Gulistan Spinning Mills Limited (GUSM)    
Gulistan Textile Mills Limited (GUTM)        Loss company..Low volume
Kohat Textile Mills Limited (KOHTM)      
Kohinoor Industries Limited(KOIL)      
Kohinoor Spinning Mills Limited    (KOSM)

 :thanks:
Title: Re: Textile Sector
Post by: stockee on November 19, 2012, 05:19:50 PM
Buy Items

Preferred First List

NCL   
NML                  
Bannu Woollen Mills Limited (BNWM)    
Ellcot Spinning Mills Limited (ELSM)             Breakup value 88.84   http://www.nagina.com
Faisal Spinning Mills Limited (FASM)       Breakup value 236
Gul Ahmed Textile Mills Limited (GATM)  Or Buy Right shares around 5-6 and subscribe(Preferred Option). http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=038692&pagesize=1&pageno=2
Ibrahim Fibre Limited (IBFL)       
Kohinoor Textile Mills Limited (KTML)     
Maqbool Textile Mills Limited (MQTM)   Breakup value 18.35
Nagina Cotton Mills Limited (NAGC)       Breakup value 67.98   http://www.nagina.com
Prosperity Weaving Mills Limited (PRWM)    Breakup value 30.35   http://www.nagina.com
Reliance Weaving Mills Limited (REWM) Breakup value 53.95   http://www.fatima-group.com/relianceweaving/pdf/AnnualReport2012.pdf
Sana Industries Limited (SNAI)                  http://www.sana-industries.com/11-12/Balance%20Sheet.pdf
Shahtaj Textile Mills Limited (STJT)       Breakup value 62+
Suraj Cotton Mills Limited (SURC)   Breakup value 120+



Preferred Second List


Artistic Denim Mills Limited (ADMM)      
Blessed Textile Mills Limited (BTL)       
Din Textile Mills Limited (DINT)          
Idrees Textile Mills Limited (IDRT)       
Masood Textile Mills Limited (MSOT)       
Janana-de-Malucho Textile Mills Limited (JDMT)
Saif Textile Mills Limited (SAIF)         
Sapphire Fibers Limited (SFL)                  
Sunrays Textile Mills Limited (SUTM)      
Shahzad Textile Mills Limited (SZTM)      
Tata Textile Mills Limited (TATM)      

Kachra Textiles


Amtex Limited (AMTEX)             
Chakwal Spinning Mills Limited (CWSM)       
Data Textile Limited (DATM)          
Dewan Salman Fibre Limited (DSFL)       
Gulistan Spinning Mills Limited (GUSM)    
Gulistan Textile Mills Limited (GUTM)        Loss company..Low volume
Kohat Textile Mills Limited (KOHTM)      
Kohinoor Industries Limited(KOIL)      
Kohinoor Spinning Mills Limited    (KOSM)

Nice Work
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 19, 2012, 05:30:15 PM
Textile Mills in KPK had advantage of Markup waiver under Prime Minister package which is ended in Dec. 2011... So before making investments Plz also check the financial statements of companies.... Just Search in Google and download the financial statements from relevant company websites... 

Please also check Last 5 years EPS and DPS pattern also... Many of Textiles shares are worthless so avoid those....
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 20, 2012, 09:31:20 PM
Textitle-Sector-Nov-2012

https://docs.google.com/file/d/0ByAOTyqcjLmrSTQxc1dISzRmOUk/edit?pli=1
Title: Re: Textile Sector
Post by: Farzooq on November 22, 2012, 12:38:33 PM
Textile: Exports Update Oct’12
 
As per data released by PBS, 4MFY13 textile exports came in at US$4.4bn, up 4.3%YoY. In this regard, textile exports for Oct’12 stood at US$1.12bn, up 10%YoY/1.2%MoM. The sequential improvement primarily came on the back of the value added sector’s exports where exports of Knitwear, Bedwear, Towels and garments increased by 4.1%MoM, 6.6%MoM, 4.6%MoM and 11%MoM, respectively. The major laggard was cotton yarn segment which witnessed a sharp 15.3%MoM decline as cotton yarn exports cooled off by 16.0%MoM from the record high level of Sep’12 as yarn manufacturing in China depicted a rebound, dampening the product’s import. Within the AKD Textile Universe, we retain our liking for NML which is trading at a FY13F P/E of 5.0x and offers significant upside of 20% to our Jun’13 TP of PkR74/share. We now have a Neutral stance on NCL where the stock has gained 10.2% since our Buy call on Sep 24’12.

akd
Title: Re: Textile Sector
Post by: llllll on November 22, 2012, 01:29:50 PM
crtm last 3 quarters in positive, q1 eps Rs 1
book value 80 plus
arif habib group holding 25% shares purchased at Rs 25
still a buy at current price? pl advice
Title: Re: Textile Sector
Post by: asim.786 on November 23, 2012, 01:40:30 AM
Textile export rebounds

From the Newspaper | Mubarak Zeb Khan | 21 hours ago

A man folds fabric at a textile factory in Faisalabad, Pakistan. – AP (File Photo)

ISLAMABAD, Nov 21: Pakistan’s export of textile and clothing rebounded for the second consecutive month after posting a decline for at least one year.
The increase was mainly driven by a surge in demand from recession-hit key markets of Europe and US, suggested data of Pakistan Bureau of Statistics released here on Wednesday.
In absolute terms, export of textile and clothing witnessed a growth of 10.50pc in October 2012, from a year ago.
The growth in export proceeds in September 2012 was 12.91pc.
The unprecedented growth was mainly driven by substantial increase in export proceeds of ready-made garments, towels, and other low value products, like cotton yarn and cotton cloth, etc.
Also export of raw cotton witnessed an increase in October this year over last year.
Experts linked growth in export of value-added products with spillover effect from China and Taiwan’s labour issue as about two or three per cent spillover from China alone was more than enough for Pakistan’s exporters to meet it; the announcement of waiver on 75 products from EU from Nov 15 encouraged European buyers to re-develop contacts in Pakistan. Major European buyers are eying to yield benefits in case EU granted Pakistan GSP plus status in 2014. American buyers also re-establishing contacts with Pakistan’s textile and clothing exporters after disruption in supply from Egypt.
Export of textile and clothing reached $4.392bn in July-October period this year, up by 4.78pc from $4.192bn over the corresponding period of last year.
As a result of performance of textile and clothing sector, overall exports also witnessed 4.98pc growth in the first four months this year as it stood at $8.202bn this year as against $7.814bn over the corresponding period last year.
A sector-wise analysis showed that export of ready-made garments went up by 29.29pc, knitwear 4.37pc and towels 12.27pc in October this year over last year.
Export of low value-added products, like cotton yarn was up by 28.88pc, cotton cloth 16.37pc, yarn other than cotton yarn 228.25pc, tents 17.61pc and other textile material 31.89pc in October this year over same month last year.
Industry sources said persistent supply of gas for five consecutive days in July-October period to textile sector produced the desired results.
The growth in yarn and fabric exports was mainly because of improved energy supply.
The full capacity utilisation of production caused growth in export of home textile — towels and bed-wear as well.
This shows that in case of uninterrupted supply of energy, export of textile products would increase manifold.
Similarly, export of raw cotton also increased by 23.06pc in October this year. Cotton production is expected to increase this year following arrival of new crop in the market. Cotton crop arrival has started since October.
Contrary to this, over 22pc increase was also witnessed in terms of rupee owing to its depreciation against the dollar in the past few months, indicating that the fall in the health of rupee supported Pakistani textile and clothing products to penetrate in the international markets.
In October, exports witnessed a growth of over 21pc which clearly indicates that depreciation helped export proceeds to compete with other countries products.
At the same time, there was a 13.14pc increase in import of machinery in the value-added sector to increase quality and capacity of production. This indicates that local manufacturers were also expanding their production capacity.
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Title: Re: Textile Sector
Post by: Saiti on November 23, 2012, 09:08:12 AM
Bourse delists seven firms over non-payments


The Karachi Stock Exchange (KSE) is in the process of delisting seven companies on account of non-payment of dues of the exchange, failure to induct ordinary shares of the company into the Central Depository System (CDS) and for not holding annual general meetings (AGM), the KSE said in a statement on Thursday.
Six out of the seven companies being delisted belong to the textile sector. The KSE advised them on April 30 to rectify the default(s) within 90 days and later suspended trading of their shares directing their sponsors and/or majority shareholders to buy back shares from minority shareholders by August 30. Moreover, they were also advised to opt for voluntary delisting.
“Such companies have also deprived the minority investors of any return on investment,” the statement said.
“The exchange has decided to delist these companies in due course of time,” it said, adding that their cases are being forwarded to the Securities and Exchange Commission of Pakistan for initiating necessary action under the provisions of the Companies Ordinance, 1984. No company associated with the defaulted companies will be allowed listing in the future, the statement said.
The delisted companies include Annoor Textile Mills, Data Textiles, Hajra Textile Mills, Karim Cotton Mills, Khurshid Spinning Mills, Mehr Dastgir Textile Mills and Saleem Sugar Mills.
Published in The Express Tribune, November 23rd, 2012.

http://tribune.com.pk/story/469960/bourse-delists-seven-firms-over-non-payments/

Be cautious, during the textile really. Don't invest in kachra textiles, as 6 out of these 7 delisted companies belong to the textile sector.
Title: Re: Textile Sector
Post by: llllll on November 23, 2012, 10:21:52 PM
Hamid bhai,
your have not included crtm and dewan scrips dfsm, dwtm, dktm and dmtm in your list,
pl share your views on these as well, thanks and regards
Title: Re: Textile Sector
Post by: asim.786 on November 24, 2012, 12:01:04 AM
PTA with Pakistan in 15 days: Indonesian minister
ONLINETODAY AT 11:00 AM

Indonesian Minister for Trade Gita Wirjawan on Thursday said that the Preferential Trade Agreement (PTA) signed with Pakistan earlier this year would become operational in 15 days.
He said the implementation of PTA signed on February 4, 2012 will not only improve relations between the two countries but also provide a level playing field to all exporters of edible oil who have vested interests in a lucrative Pakistani market.
Wirjawan stated this while talking to a select group of edible oil importers led by Pakistan Vanaspati Manufacturers Association (PVMA) Senior Vice President Atif Ikram Sheikh who is also Islamabad FPCCI Capital Office Coordination Chairman.
Akbar Iqbal Puri, Malik Sohail, Leonard F Hutabarat, Asia Pacific and African Affairs Director General Muhammad Hartantyo, Indonesian ministry of foreign affairs representatives and others were also present in the meeting arranged by the Indonesian embassy.
Wirjawan gave assurances that Indonesia will provide every possible facility to Pakistani importers. Sheikh and Puri, on the occasion said the imposition of PTA will provide incentives that will boost Indonesian exports into Pakistan.
Initially, Pakistan will save 35 USD per ton on import of palm oil from Indonesia which will help the country save a total of 70 million dollars of precious foreign exchange per annum. Sheikh further said Indonesia imports will not only help importers save money but will assist manufacturers in clipping prices which will benefit the common man.
He also stated that PTA will help Pakistani exporters gain enhanced access to Indonesian markets on 216 tariff lines at the preferential rate. This will be a great opportunity for Pakistani businessmen dealing in fresh fruits, cotton yarn, cotton fabrics, readymade garments, fans, sports goods, leather goods and other industrial products, he said. He observed that this crucial development will help stakeholders anticipate future developments in an increasingly challenging global economy and enable diversification of exports, thereby increasing their resilience amidst the current economic meltdown.
Title: Re: Textile Sector
Post by: asim.786 on November 24, 2012, 12:13:42 AM
By Imran RanaPublished: November 24, 2012

The gas suspensions for 180 days in the financial year 2011-12 resulted in a 50% setback in production capacity of the sector. PHOTO: FILE
FAISALABAD: Gas quota will be allocated to Faisalabad’s textile industry, already in shambles due to gas suspensions. However, the catch is that the quota will be on a trial-basis for one week where gas will be opened for one industrial cluster and if successful, quotas will be given permanently to all the units in the region.
The assurance was given by Dr Asim Hussain, Adviser to the Prime Minister on Petroleum and Natural Resources in a meeting with delegation of Pakistan Textile Exporters Association (PTEA).
The gas suspensions for 180 days in the financial year 2011-12 resulted in a 50% setback in production capacity of the sector. The textile industry had witnessed a 40% decline in textile exports in terms of volume during the last year, mainly due to gas outages in the country rendering production units to inactive.
“Investments and industry’s viability are at stake. It is high time to attract investments to revive the downed units, achieve efficiency and boost exports,” said PTEA Chairman Asghar Ali. Present economic situation demands the government to ensure gas supply to keep the wheels of the industry running, he added.
Ali said textile mills were operating on thin margins and could not afford to continue production on alternative fuel. The industry has no alternate option to cease operations as use of alternate fuels was not a viable proposition, he added.
He said that textile industry was contributing 55% to the total exports and providing jobs to 15 million people.
“Allocation of gas quota will help fulfil our foreign commitments well in time and will lead to increase industrial and economic activities in the region,” Ali said.
Hussain accepted exporters’ demand for allocation of gas quota, which will initially be in the experimental phase.
Published in The Express Tribune, November 24th, 2012.
 
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 24, 2012, 05:02:25 PM
Hamid bhai,
your have not included crtm and dewan scrips dfsm, dwtm, dktm and dmtm in your list,
pl share your views on these as well, thanks and regards

I tried to post sahres which have last 5 years EPS and DPS history and were trading around p/e 2-3 at the time of posting because they have upside potential.

CRTM was and is expensive as compared to other . Last 2 years se Loss show kar rha hai.
DFSM, DWTM, DKTM and DMTM have limited upside and are almost near their peak. So at these levels buyer will be trapped.

At the time of posting the list DSFL was much attractive among dewan's and was available around 2.0 because it could go uptil 3.5 and has fairly good volumes.
Title: Re: Textile Sector
Post by: pax on November 24, 2012, 05:19:22 PM
So hamid bhai you're saying that almost all textile shares are nearing their full potential upside :) ?
Still any textile shares that are worth investing in :)
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 24, 2012, 05:26:55 PM
So hamid bhai you're saying that almost all textile shares are nearing their full potential upside :) ?
Still any textile shares that are worth investing in :)
Still there are shares with upside potential... Best among those is NML ... REWM, ELSM are also good shares and have upside potential... Among kachra DSFL can go uptil 3.5 but don't invest more than 5% of your total investment in Kachra items.
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 27, 2012, 09:31:15 PM
Father Of Textiles "NML" has woken up :biggthumpup:
Title: Re: Textile Sector
Post by: asim.786 on November 27, 2012, 10:07:14 PM
Textile sector stirs into life at KSE

From the Newspaper | Dilawar Hussain | 14 hours ago

The Karachi Stock Exchange —Reuters (File Photo)

KARACHI, Nov 26: Textile sector stocks have assumed prominence at the Karachi Stock Exchange where a wave of buying has propelled prices to highs not seen, perhaps in decades.
More than 30 stocks on the sector (composite, spinning, weaving) hit their ‘upper circuit’ in trading last Friday. The ‘upper/lower circuit’ is the maximum of Re1 or 5 per cent of the opening price of a stock, at which the rise or fall of scrip value a single day trading, is capped.
The mechanism allows ‘cooling’ effect lest an over-enthusiastic crowd of buyers or panicky investors spiral the price of a share up or down beyond reasonable limits. But the phenomenon of stocks hitting the ‘top’ is conspicuous by its presence in slow measure for most of the trading days since July.
“Now the bulls are all over the sector, tossing up prices of whichever stock they can lay their horns under,” says a trader.
Savvy investors, however, are looking at the company fundamentals before taking a leap.
As investors charge into the textile stocks head foremost, a back of he envelope calculation of turnover of shares in the sector looks like having crossed a record 2.5 billion since Jan this year. The scale of trading can be judged by the fact that it is higher than the turnover in same period, in the heavy-weight oil and gas sector; automobiles; electricity and insurance (life & non-life), combined.
Yet most analysts believe — as the fictional detective Sherlock Homes would say: “There is a method in this madness.”
Some of the strong positives that have rejuvenated stock prices in textile sector have been identified as: healthy core business; depreciation of (around 9 per cent) in the value of the rupee against major currencies; stable cotton prices; low inter-corporate debt scenario; approval of the agreement from European Union; and higher dividend income from subsidiaries.
The latest financial figures have triggered investors’ interest. The spinning sector revenue was recorded at Rs54.6 billion for the first quarter financial year 2013 (1QFY13), representing 5 per cent growth, from Rs52.2 billion in the corresponding period of the previous year.
Gross profit for the sector rose by a massive 124 per cent to Rs6.2 billion, from Rs2.8 billion during the quarter. Therefore, gross margin improved to 11.3 per cent in 1QFY13 from 5.3 per cent in the same period last year.
Analyst Abdul Azeem at brokerage InvestCap says: “The main reason for the jump in gross margins is the 10 per cent year-on-year (YoY) lower cotton prices during July-Sept 2012. Moreover, on local front better yarn prices provided a breather to the sector”.
On international front, demand of yarn from China, Hong Kong and Taiwan shot up as those countries turned to importing lower value inputs like yarn and grey cloth from Pakistan (and other yarn producing countries) to save on heavier labour costs and instead concentrate on production of finished garments.
Analyst noted that the textile exports were up by 5 per cent to $4.4 billion in July-Oct 2012 due mainly due to giant leap in export of yarn. The local spinning industry managed full capacity utilisation resulting in economies of scale.
At the operating level, the spinning segment’s operating profit recorded impressive growth of 239 per cent YoY to Rs4.5bn in 1QFY13. Financial charges of the sector shrank by 6 per cent YoY to Rs1.7bn in 1QFY13 as compared to Rs1.8bn in the same period last year.
In consequence, the bottom line of the spinning sector converted to a huge profit of Rs1.9bn in 1QFY13 from net loss of Rs1.4bn in the corresponding period last year.
Other textile segments, ready made garments, cotton clothes and towels also grew by 15 per cent YoY, 8 per cent YoY and 7 per cent YoY respectively.
Analyst Bilal Qamar commented: “During 1QFY13, the textile sector witnessed improved profitability on account of better sector dynamics, although power outages continued to restrict the growth. Consequently the textile sector has outperformed the stock market by 7 per cent (upto Nov 15), from July 1 this year”.
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Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 28, 2012, 07:55:19 PM
Today was profit taking day and may continue tomorrow. Although a lot of shares closed negative BUT this is natural .... After a series of upper locks Profit taking to hote hai .... Avoid kachra Textile items agar kachra textiles mein phans gaye to nikal nahi sakein gay....

Just ONE upper lock of NML needed to further move Textile rally.  :fingerscrossed1:
Title: Re: Textile Sector
Post by: dreamer on November 28, 2012, 08:43:57 PM
Today was profit taking day and may continue tomorrow. Although a lot of shares closed negative BUT this is natural .... After a series of upper locks Profit taking to hote hai .... Avoid kachra Textile items agar kachra textiles mein phans gaye to nikal nahi sakein gay....

Just ONE upper lock of NML needed to further move Textile rally.  :fingerscrossed1:
Hamid bhai. kya DFSM and ANL ko kachra kaha ja sakta hai kyun k mein ne in mein invest ker dia hai. Sirf iss khial se k kaheen mein textile rally miss na ker jaoon. Please guide.
Title: Re: Textile Sector
Post by: Poker Face on November 28, 2012, 09:01:17 PM
both DFSM and ANL qualify the criteria for 'kachra' award
Title: Re: Textile Sector
Post by: dreamer on November 28, 2012, 09:08:53 PM
both DFSM and ANL qualify the criteria for 'kachra' award
I wish that 'award' becomes 'reward' just for once. lol.
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 28, 2012, 09:26:22 PM
both DFSM and ANL qualify the criteria for 'kachra' award
I wish that 'award' becomes 'reward' just for once. lol.

Pure Kachra hain yeh dono... ANL mein to bachat ho jate hai because of JS Group... Dewan group mein agar peak rates par lia to phir koi maafe nahi hai

Kon se rates par lia hua hai?? aur kab Buy kia hai???
Title: Re: Textile Sector
Post by: hammad01 on November 28, 2012, 09:36:38 PM
Hamid bhai,
Profit taking tu kal bhi hua thi aur ajj bhi, do you still think tomorrow as well? Though Iam still in good profit but last two days of profit taking has reduced my profit margins a lot?
the good thing i think is in a bull run theses kachra stocks were hitting upper locks but in current profit taking stocks are not getting lower locks and rebounding from lower locks, very few getting lower locks. This shows still market is cnfident on textile sector shares.
However, I second Hamid bhai that kachra items are just fr a very short perod of gains, as soon as you book profit get out of them and never regret ur decision.
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 28, 2012, 09:45:25 PM
Hamid bhai,
Profit taking tu kal bhi hua thi aur ajj bhi, do you still think tomorrow as well? Though Iam still in good profit but last two days of profit taking has reduced my profit margins a lot?
the good thing i think is in a bull run theses kachra stocks were hitting upper locks but in current profit taking stocks are not getting lower locks and rebounding from lower locks, very few getting lower locks. This shows still market is cnfident on textile sector shares.
However, I second Hamid bhai that kachra items are just fr a very short perod of gains, as soon as you book profit get out of them and never regret ur decision.

I am holding textiles because i am confident about further upward move. Just sold 3k PRWM at @ 28 around and SNAI @ 52. Currrently Holding NML, FASM, ELSM, REWM, TATM and one kachra DSFL(buying price is 2.02).

Thora neechay milay to buy back bhe shayed kar lon...

NML ka aik Upper cap ho jaye to Textiles ne phir cap o cap jana hai...
Title: Re: Textile Sector
Post by: hammad01 on November 28, 2012, 10:21:15 PM
Hamid bhai, i remembered u have maqbool as well, did you sold it and for what price?
I have saif, maqbool, fasm, bannu, crescent fibres, idrees, KML, Paramount and saritow spinning, along with kachra at lower rates
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 28, 2012, 10:29:31 PM
Hamid bhai, i remembered u have maqbool as well, did you sold it and for what price?
I have saif, maqbool, fasm, bannu, crescent fibres, idrees, KML, Paramount and saritow spinning, along with kachra at lower rates

MQTM thora jalde nikal dia thaa 18.19 par

Maqbool kee Book value he 18 hai  :tongue: Lekin agar Textile rally chalte rahe to 24-25 tak ja sakta hai
Title: Re: Textile Sector
Post by: Valueestimator on November 28, 2012, 10:46:53 PM
Hamid bhai, i remembered u have maqbool as well, did you sold it and for what price?
I have saif, maqbool, fasm, bannu, crescent fibres, idrees, KML, Paramount and saritow spinning, along with kachra at lower rates

maqbool, fasm, bannu, and saif are good companies and will perform similar to cement stocks. the present rates are not end of the story.
Title: Re: Textile Sector
Post by: junaidph on November 28, 2012, 11:41:34 PM
Hamid bhai, i remembered u have maqbool as well, did you sold it and for what price?
I have saif, maqbool, fasm, bannu, crescent fibres, idrees, KML, Paramount and saritow spinning, along with kachra at lower rates

maqbool, fasm, bannu, and saif are good companies and will perform similar to cement stocks. the present rates are not end of the story.

add sally to the rally  :biggthumpup: badly missed by a whisper at 10 now 25 pe capo cap , isay to profit taking ka bhi koi asar nai hay yar , mqtm is divident paying company with good eps ,
Title: Re: Textile Sector
Post by: hammad01 on November 29, 2012, 12:43:23 AM
i sold yesterday sally at cap the gain of more than100% in this scrip was enough for me, despite that i can forsee more profit in it
Title: Re: Textile Sector
Post by: Koolfire on November 29, 2012, 05:52:50 AM
Breathing new life into the textile sector

November 29, 2012 BR RESEARCH 0 Comments
 Propelled upwards by a buying spree, stocks for the textile sector have been hitting the high note at the local bourses the past few months with the overall turnover of shares for the sector having passed the 2.5 billion mark since the start of CY12.

And as far as analyst predictions go, the rejuvenation is set to continue further, as riding proud on the wave of a significant turnaround in earnings for the sector, the latest financials are set to stir up investor interest in the coming days.

Data released by PBS backs the sentiment, with textile exports up till the 4MFY13 mark coming in at 4.4 billion dollars, up by a significant 4.3 percent over figures for the same period last year. Moreover, textile exports for the month of October alone have clocked in at 1.12 billion dollars, off the back of higher than average earning from the export of value added textiles including knitwear, home linens and RMGs.

Other significant contributors towards the sectors improved prospects have been the Rupees significant depreciation against the greenback and the stability witnessed in local cotton prices which have helped textile manufacturers curtail their inventory losses this quarter.

Consequently, according to analysts at Topline Securities, composite gross margins for the textile sector have been improved by a hefty 440 bps during the last four months, scaling up to 12.5 percent during 1QFY13 against the 8.1 percent recorded during the same period last year.

However, Yarn exports have remained the star attraction this past quarter, with PBS reporting 62 percent increase in export volumes during the 1QFY13. Demand from China, meant that the local spinners have been consistently pegging in at full capacity, resulting in a hefty bottom line growth for the sector during the quarter. Albeit, the thriving yarn exports have recently lagged behind somewhat, as export statistics for the month of October saw a nearly 16 percent month-on-month decline over the stellar statistics for September.

Although rebounding manufacturing in China is being credited with cooling off the demand for the Pakistani yarn, Chinese interest in buying low value added yarn and grey cloth of Pakistani origin should remain sustainably positive during the foreseeable future on account of the rising labour costs faced by Chinese firms who are actively pushing upwards on the value addition ladder.

Additional good news for the textile industry comes in the form of the slash back in the Gas Infrastructure Development Cess that was put in place subsequent to the announcement in the Federal budget for FY13. Going forward, assumptions are that the GIDC reduction is going to be instrumental in cutting back the cost of doing business for the local spinners and weavers, benefitting the sectors profitability on the whole.

Moreover, a rate cut on the EFS and Long Term Financing Facility is also expected to act as a salve to the local players. With SBP bringing down the maximum chargeable EFS rate down from 11 percent to 9.5 percent, better incentives are henceforth being presented to the export-oriented industry that remains the largest contributor towards the nations foreign earnings.


http://www.brecorder.com/br-research/19:textile-composite/2941:breathing-new-life-into-the-textile-sector/ (http://www.brecorder.com/br-research/19:textile-composite/2941:breathing-new-life-into-the-textile-sector/)
Title: Re: Textile Sector
Post by: dreamer on November 29, 2012, 08:13:52 AM
both DFSM and ANL qualify the criteria for 'kachra' award
I wish that 'award' becomes 'reward' just for once. lol.

Pure Kachra hain yeh dono... ANL mein to bachat ho jate hai because of JS Group... Dewan group mein agar peak rates par lia to phir koi maafe nahi hai

Kon se rates par lia hua hai?? aur kab Buy kia hai???

Bought 2-3 days back. DFSM at 4 and ANL at 8.7. Sell in loss or hold. Please guide.
Title: Re: Textile Sector
Post by: Valueestimator on November 29, 2012, 08:19:09 PM
Dec-quarter is expected to be very good for the textile sector.


investors with higher risk appetite can tilt  portfolio towards textile to earn higher returns. 


Title: Re: Textile Sector
Post by: Poker Face on November 29, 2012, 09:23:16 PM
in my opinion, positives have already been factored in. Textile earnings are not very reliable and therefore, they may still keep on trading at low multiples.

Enter only after thorough fundamental research.
October yarn sales are down 16 percent MoM
Title: Re: Textile Sector
Post by: Hamid Mamraiz on November 29, 2012, 09:53:48 PM
in my opinion, positives have already been factored in. Textile earnings are not very reliable and therefore, they may still keep on trading at low multiples.

Enter only after thorough fundamental research.
October yarn sales are down 16 percent MoM

Picture abhi baaki hai mere dost  :D

Abhe to Analysts ne reports mein Textile Textile karna shuru kar dia hai aur janta bhe buying mein interested nazar aa rahe hai
Title: Re: Textile Sector
Post by: SBM on November 29, 2012, 09:57:15 PM
in my opinion, positives have already been factored in. Textile earnings are not very reliable and therefore, they may still keep on trading at low multiples.

Enter only after thorough fundamental research.
October yarn sales are down 16 percent MoM

Picture abhi baaki hai mere dost  :D

Abhe to Analysts ne reports mein Textile Textile karna shuru kar dia hai aur janta bhe buying mein interested nazar aa rahe hai

imho there can be some persistence in these earnings ...
i dont mind them taking their time ..
better concentrate on the quality ones . .
Title: Re: Textile Sector
Post by: llllll on November 30, 2012, 12:47:17 PM
any member able 2 giv link to admm Q1 report-thanks
Title: Re: Textile Sector
Post by: Atif1 on November 30, 2012, 09:34:13 PM
Artistic DenimXD|30OCT2012|10:47:52|FINANCIAL RESULT FOR THE FIRST QUARTER ENDED 30/09/2012|   
Artistic DenimXD|30OCT2012|10:47:52|PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 150.225|   
Artistic DenimXD|30OCT2012|10:47:52|PROFIT/LOSS AFTER TAXATION RS. IN MILLION 135.055|   
Artistic DenimXD|30OCT2012|10:47:52|EPS = 1.61|   

kse website-downloads -  announcement history
Title: Re: Textile Sector
Post by: llllll on November 30, 2012, 10:27:45 PM
thanks bro
but i want 2 c detail accounts,
company websites paar investor section missing?
or do  i need repeat eye test
Title: Re: Textile Sector
Post by: Valueestimator on November 30, 2012, 10:35:45 PM
5 ropay waly cements 60 ka ho gaya hay.

cements are more cyclical.......... more leveraged, more over supply risk,.

why not textile can show similar rallies
Title: Re: Textile Sector
Post by: SBM on November 30, 2012, 11:16:36 PM
5 ropay waly cements 60 ka ho gaya hay.

cements are more cyclical.......... more leveraged, more over supply risk,.

why not textile can show similar rallies

one reason is that cements have cartels .. they can at least control local prices  as far as everyone agrees ..
textiles have zero pricing power .. dictated by  international markets ..
Title: Re: Textile Sector
Post by: stock addicted on December 01, 2012, 02:32:56 AM
after pre muharram rally the rates of textile products are coming down lay maaal :biggthumpup:
Title: Re: Textile Sector
Post by: asim.786 on December 01, 2012, 09:31:36 AM
after pre muharram rally the rates of textile products are coming down lay maaal :biggthumpup:

Don't worry it's correction. Textile will b in lime light in 2013 and run like cement sector.
Title: Re: Textile Sector
Post by: asianstock on December 01, 2012, 09:16:39 PM
after pre muharram rally the rates of textile products are coming down lay maaal :biggthumpup:

Don't worry it's correction. Textile will b in lime light in 2013 and run like cement sector.

Any idea about the result of textile sector? Is there any chances of upside textile sector again.. highly appreciated for the comments and advice..
Title: Re: Textile Sector
Post by: stock addicted on December 02, 2012, 02:12:42 AM
asim bhai appreciate ur comments but i am talking abt real rates not the market value the rates of yarn has started coming down soo be cautious
Title: Re: Textile Sector
Post by: SBM on December 02, 2012, 11:44:31 AM
asim bhai appreciate ur comments but i am talking abt real rates not the market value the rates of yarn has started coming down soo be cautious

yarn rates of karachi/faisalabad ? or of china/far east? most of these companies are exporting .. some are exporting 90% + of their product ..
Title: Re: Textile Sector
Post by: Atif1 on December 02, 2012, 12:36:02 PM
Gadoon Textile: Warranting attention – Topline Research
 
By: Zeeshan Afzal, Topline Securities Pvt. Ltd.
With fortune favoring the textile sector, particularly spinning, Gadoon Textile (GADT), with 233k spindles, provides an ideal mix for the investors to take bet on the textile sector with sound management backing (i.e. Yunus Brothers-Lucky group). In addition, potential returns from its investment in chemical (ICI Pakistan) and wind power projects is expected to further add to its charms going forward.
 
Though, we do not formally cover the stock, but based on our initial assessment we expect the company to post an EPS of Rs32-35 in FY13 as against Rs27.7 last year. Currently, the stock is trading at FY13E PE of 3.5-3.2x, P/B of 0.46-0.44x and is providing a dividend yield around 8%.
In addition to revival in company’s core business, backing of Yunus Brothers-lucky group, add to company’s value proposition. Established in 1962, YB is one of the biggest conglomerates in Pakistan with proven track record in textile, cements, construction and trading. Recently, the group has diversified itself into chemical (acquiring ICI Pakistan Limited) and energy (50MW wind farm). With GADT having investment stakes in group diversification, it is likely to add to company’s charms in coming years.

CAN ANY MEMBER HAD ANY IDEA ABOUT THAT SCRIPT
Title: Re: Textile Sector
Post by: Poker Face on December 02, 2012, 01:19:19 PM
@ atifpia
check GADT thread
buy call was given by lao mall in 2011 and bilalmoti this year at 65.
Title: Re: Textile Sector
Post by: SBM on December 02, 2012, 04:04:35 PM
http://www.brecorder.com/top-news/1-front-top-news/93309-final-draft-of-cotton-policy-to-be-sent-to-cci-soon-.html

lets hope gov doesnt start interfering again ..
Title: Re: Textile Sector
Post by: Koolfire on December 04, 2012, 07:25:49 AM
Textile segment shines
By Nasir Jamal | From InpaperMagzine |

   


Illustration by Abro

The bulls firmly controlled the country’s stock markets last week with the benchmark KSE-100 index closing at a new peak on Friday. Amongst other stocks, the textile shares continued to attract investors to help the bulls hold their sway and make it what an analyst termed as an ‘all-in-all bullish week’.

A week before, over 30 textile stocks had hit their upper circuit in trading, according to a market report. By November 27, according to the JS Global note for investors, the textile sector had outperformed the market by 28 per cent during the current fiscal with spinning companies leading the sector’s rally.

Analysts say it is first time in many years that the textile stocks have been in the ‘forefront of the market’s march’ toward a new record high. “Historically, the textile sector doesn’t participate so actively in the rise of the stock market. But the soaring profitability of many listed companies in the recent months has changed the situation this time and brought the sector in the forefront of the rally, sustaining the surge of the bulls in the recent weeks,” says Lahore-based financial and stock analyst Shahid Zia.

The data supports this contention. The share of Suraj Textiles, for example, was trading on August 6 at Rs39. By the close of the session on November 27 it was trading at Rs64. Over the same time period, the value of Nishat Mills increased by Rs20 per share, Reliance Weaving by Rs16.90, Fazal Cloth by Rs34.45, Banero by Rs66.95, Faisal Spinning by Rs44.37, Nishat Chunian by Rs18.29, Shams Textile by Rs31.20 and Crescent Textile by Rs9.

The increase in share prices was supported by their earnings over a sustained period. Nishat Chunian, for instance, has turned its pre- tax loss of Rs45 million in the first quarter of fiscal 2011/12 to September into profit before tax to over Rs420 million during the corresponding period this year.

Several factors are believed to have triggered the investors’ renewed interest in the textile scrips, pushing their prices to new highs. “A strong demand for Pakistan’s cotton yarn and fabric from China, lower domestic cotton prices and improved energy supplies to textile factories in the recent month are the major factors fuelling investors’ interest in textile stocks,” says Ayub Ansari, senior investment analyst at the AKD Securities.

Textile exports rose by almost 4.3 per cent to $4.39 billion during the first four months of the current financial year to October on the back of a 37 per cent spike in the export of cotton yarn to $702 million, eight per cent of cotton cloth to $892 million and 15 per cent of woven garments to $604 million. “With cotton price rising to $1.10 a pound in China compared to $0.80 a pound (which is about10 per cent lower than last year) in Pakistan and other factors, yarn exports have picked up rapidly. Yarn prices also remain high, making it feasible for textile producers to use expensive furnace oil in place of cheap gas to generate electricity for running their factories,” argues Ansari.

The profitability of the producers of basic textile has considerably increased in the recent months. Besides healthy growth in exports, (almost nine per cent depreciation in the value of the rupee against the dollar, and four per cent cut in the interest rate to 10 per cent since August 2011, bringing down their debt servicing costs), have also improved profitability of the basic textile producers. The implementation of EU trade discounts has spawned hopes of improvement in exports of value-added products and profitability of the sector.

The performance of a chunk of the listed textile companies seems to be at odds with the frequent complaints of growing energy shortages affecting their production, especially in Punjab. But it is not.

“Only the large spinning units or composite units are performing because they can afford their own generation on furnace oil or diesel when gas is not available for captive power. An average sized spinning mill with 25,000 spindles still cannot afford expensive oil-based captive generation,” says an official of the All Pakistan Textile Mills Association (Aptma).

He says the textile sector has been making money for some years because of increase in prices of its exports. While textile export in terms of dollars has gone up, it has come down in terms of quantity (leaving aside yarn or another couple of items), he adds. Textiles, which constitute over 27 per cent of weighted average of the large scale manufacturing, has shown negative growth of 0.39 per cent during the first quarter of the current fiscal on a year-on-year basis mainly because of energy shortages in Punjab.

Anjum Nisar, a manufacturer of chemicals, artificial leather and fine cotton yarn, agrees. He says the current business climate – growing energy gap and high credit costs, etc – doesn’t favour smaller producers. “If the textile industry has to be competitive, it will have to create economies of scales and integrated units in order to cut its production costs.”

Aptma chairman Ahsan Bashir, however, is happy with the performance of basic textiles sector. “The financial results of the companies show that we are ready to face global competition,” he says. “With China getting out of yarn and fabric production, Pakistan has a big opportunity coming its way. We do not need subsidies or concessions. Just give us sustained supply of gas and electricity to fully utilise our capacities and affordable credit to invest in new projects and upgradation of technology. If we don’t step up, India will take away this opportunity from us as it is supporting expansion in a big way by way of providing cheap credit and 20 per cent equity to the investors,” he warns.

Gohar Ejaz, a leading yarn exporter and business leader, says that, helped by improving economic fundamentals – fall in price inflation, reduction in interest rates, slightly improved energy supplies, low cotton rates, etc -, the textile industry, particularly the basic textiles, has done quite well in the last nine months or so. But, he says, a lot needs to be done to fully realise the country’s economic potential and grab the new opportunity being offered by changing global textile scenario.

“With China opting out of basic textiles, we must move quickly to fill the void. India has already started working on it. As a start we should revive the sick units to fully use the installed production capacity and then formulate a policy to support fresh investment to create economies of scale and setting up of composite textile units to improve efficiency and overcome energy crisis. For this, the government needs to bring down cost of borrowing as well as ensure that the banks make a certain percentage of their funds available to the corporate sector for supporting large, capital intensive projects,” contends Gohar.

http://dawn.com/2012/12/03/textile-segment-shines/
Title: Re: Textile Sector
Post by: Tarzan on December 04, 2012, 07:07:56 PM
Ready-made garments export grew by 14.59pc
Staff Reporter

Tuesday, December 04, 2012 - Islamabad—The export of ready-made garments from the country during the last four months of current financial year registered growth of 14.59 percent as compared to the same period of last year.

As many as 8,964 thousand dozens of ready-made garments worth US$ 604 million exported during the period from July-October 2012 as compared to the 8,294 thousand dozen valuing US$ 527.12 million in same period of last financial year.

According to the data of Pakistan Bureau of Statistics, the exports of towel from the country surged by 6.62 percent as about 53,526 metric ton towel worth US$ 254 million exported during the period under review.

The export of towel during the first four months of last financial year was recorded at 46,693 metric tons with net earning of US$ 238.76 million, the data revealed.

According the data of PBS tents, canvas and tarpaulin export from the country during the period from July-October 2012 posted 38.36 percent growth as about 9,190 metric tons of tents, canvas and tarpaulin exported which added US$ 36.43 million in national accounts.

The exports of these items were recorded at 7,996 metric tons costing US$ 26.2 million during same period of last financial year. From July to October 2012, other textile materials export grew by 62.63 percent as textile materials worth US$ 145.91 million exported as compared to the exports of US$ 89 million last first four months of last financial year.

It is pertinent to mention here that overall textile group export from the country during the period under review recorded at 4.87 percent growth as the country earned US$ 4.39 billion.

http://pakobserver.net/detailnews.asp?id=185367
Title: Re: Textile Sector
Post by: Atif1 on December 04, 2012, 09:38:22 PM
The textile sector faces serious gas shortage in Punjab
December 3, 2012 11:40
 
The textile sector is facing serious gas shortage in Punjab as gas supply was reduced from 4 days a week to two and a half days a week. APTMA Punjab spokesperson said that this would adversely affect production and would lead to delays in completion of export orders on time.
Title: Re: Textile Sector
Post by: llllll on December 05, 2012, 06:32:12 PM
Hamid bro, yours Gatm fv or safe buy price with potential upside   , many thanks in anticipation
Title: Re: Textile Sector
Post by: Hamid Mamraiz on December 05, 2012, 06:37:18 PM
Hamid bro, yours Gatm fv or safe buy price with potential upside   , many thanks in anticipation

GATM around 20-21 is a safe buy....
Title: Re: Textile Sector
Post by: Hamid Mamraiz on December 06, 2012, 12:06:52 PM
Second round of Textiles rally started  :fingerscrossed1:
Title: Re: Textile Sector
Post by: llllll on December 06, 2012, 01:21:01 PM
Hamid bhai,
crtm turnover finally up,
pl guide about crtm FV/exit point,
i started buying when it was 11
and bought more on every UL
want to offload some quantity
thanks and regards
Title: Re: Textile Sector
Post by: Hamid Mamraiz on December 06, 2012, 02:23:34 PM
Hamid bhai,
crtm turnover finally up,
pl guide about crtm FV/exit point,
i started buying when it was 11
and bought more on every UL
want to offload some quantity
thanks and regards

CRTM looks good... But aik kaam karo... on every upper cap kuch sell kartay raho... Profit booking sehat keh liye ache hote hai...
Title: Re: Textile Sector
Post by: Farzooq on December 06, 2012, 03:40:41 PM
Though not actively traded, listed textile stocks of Pakistan are the darling of investors recently on account of improved sector dynamics. Stable cotton prices, high regional demand, EU trade package, Pak Rupee depreciation, declining interest rate and reduction in GIDC (Gas Infrastructure Development Cess) are expected to have an overall positive impact on the sector. But amongst the different sub sectors of textile, spinners are the chief winners, we believe. The selected textile sample has yielded a return of 62% in FY13YTD at local bourses, while the spinners have outperformed the sector and the broader market thanks to change in their fundamentals.
 
Within our sample companies that we cover, we look favorably towards textile composite unit NML, but our initial assessment suggests that improved earning outlook for companies like NCL and GADT that are predominately spinners.
 
Yarn exports volume up 59% in last four months
 
The textile export has recovered sharply during the initially period of FY13. During 4MFY12, textile exports have improved by 9% to US$4.4bn, as per the PBS (Pakistan Bureau of Statistics). A glance on the major sub sector reveals that though cotton cloth, knitwear, towels and readymade garments all showed improvement, the major thrust came from higher yarn exports.
 
During this period, yarn exports were higher by 41% to US$702mn that was largely attributed to improved volumes as evident from the accompanied table. In volume terms Pakistan’s yarn exports improved by a mammoth 59%. We believe the improved sales are largely on account of higher demand from China. Improved exports volume coupled with favorable impact of weakness in the Pak Rupee against the US Dollar has further reflected positively on the sector. In Rupee terms, yarn exports stood at Rs66bn as against Rs43bn, up 55%.
 
Spinners with value-proposition
 
In the aforementioned scenario, we expect the spinner to be the chief winners within the textile sector and continue to attract investors’ interest going forward. Though, we have favorable view for the spinners but investors should also consider the volatility of margins, management quality and dividend payout history. To recall, the sector performance has been marred by ill-management and low dividend payout in the pervious years. Considering this factor we believe that besides NML, investors should also look at NCL and GADT.

topline
Title: Re: Textile Sector
Post by: llllll on December 06, 2012, 06:08:22 PM
 Farzooq and Hamid bhai, how do u rate admm at current price - safe, under or over valued?  since the Q1 result it has risen from 25 .50 to 30-31 with low volumes, it has been steady performer during mandee yrs but in short term what impact  changed sector dynamics might have on it's mkt price -rough estimate pl
Title: Re: Textile Sector
Post by: Hamid Mamraiz on December 06, 2012, 09:36:21 PM
Farzooq and Hamid bhai, how do u rate admm at current price - safe, under or over valued?  since the Q1 result it has risen from 25 .50 to 30-31 with low volumes, it has been steady performer during mandee yrs but in short term what impact  changed sector dynamics might have on it's mkt price -rough estimate pl
Artistic Denim Mills Limited is a good company and it is showing profits since many years... But problem is that this share is expensive as compared to its peers... Its last year EPS was 5.24 and its current price is around 30.... and roughly it is available at p/e 5.5.....
Title: Re: Textile Sector
Post by: llllll on December 06, 2012, 09:45:56 PM
many thanks for your valuable feedback
Title: Re: Textile Sector
Post by: Farzooq on December 07, 2012, 12:18:46 PM
Slightly lower cotton arrivals for Pakistan in FY13
As per USDA (United States Department of Agriculture) total cotton supply in the
world is likely to grow by 2.4%YoY to 223.1mn bales in FY13. The growth is likely
to come from higher productions in USA (up 14%YoY), Bangladesh (up 13%YoY),
Pakistan (up 8%YoY) and China (up 7%YoY) despite decline in total supply from
Brazil (down 13%YoY) and India (down 10%YoY). Pakistan’s total cotton supply in
the world in FY13 is anticipated at 15.5mn bales which we believe is a bit over
ambitious.

World cotton supply
('000 bales) FY13 FY12 YoY%?
Australia 7 ,768 8 ,050 -4%
Bangladesh 4 ,597 4 ,067 13%
Brazil 1 4,543 1 6,635 -13%
China 7 2,681 6 8,236 7%
India 3 4,224 3 8,174 -10%
Pakistan 1 5,457 1 4,332 8%
Turkey 7 ,974 7 ,544 6%
USA 2 0,802 1 8,192 14%
World Total 2 23,067 2 17,786 2%
Source: PCGA

As per the latest numbers released by PCGA (Pakistan Cotton Ginners
Association) cotton arrivals were recorded at 9.6mn bales till December 1, 2012,
down a marginal 0.7%YoY. Given these numbers we project total cotton arrivals at
14.5mn bales in FY13, down 2%YoY. In our view, these numbers are likely to keep
cotton prices stable at current levels. Punjab contributed 69% (6.61mn bales) to the
total arrivals, while Sindh’s contribution came in at 31% (2.98mn bales). On a
fortnightly basis, cotton arrival declined considerably by 37%YoY to 1.0mn bales

Cotton prices to remain on the downside in FY13
While China (the world’s largest cotton producer, consumer and importer) has more
than maintained its domestic production of cotton, its higher reserve price has
sharply reduced consumption. Due to its crop support program, China’s local prices
have fallen slightly, compared to a genaral fall in international prices, resulting in
demand for import. Cotton prices in Pakistan are currently averaging at Rs5,739
per maund, down 7%YoY. Internationally, the prices have averaged at US$0.83per
lb, down 25%YoY. We believe cotton prices are likely to remain on the downside
during FY13. This along with higher demand for import from China can see
domestic yarn producers continuing to enjoy higher sales volumes and margins
going forward.

Outlook
That said gas shortages in the country are likely to put pressure on production
flows for the textile sector as a whole or increase its reliance on expensive
alternate fuel such as diesel which is likely to be the main risk for companies. We
however, continue to maintain our ‘Buy’ calls on both NML and NCL who face
relatively better-than-peer gas availability and where strong equity portfolios also
contribute to overall profitability.

jsgcl
Title: Re: Textile Sector
Post by: zahid on December 08, 2012, 11:35:46 AM
Ravi (RAVT) ke chalny ka kaya mod hai
Title: Re: Textile Sector
Post by: zahid on December 08, 2012, 11:39:44 AM
i bought RAVT 60 K at 4.51 avg. Senior's please guide me
thanks a lot
Title: Re: Textile Sector
Post by: asianstock on December 08, 2012, 11:53:40 AM
i bought RAVT 60 K at 4.51 avg. Senior's please guide me
thanks a lot

Wait and see.. You already got huge qty of RAVT. with high avg. I wouldn't suggest you to avg down with more buying on dip... You need to wait for it and might be It will bounce back after MP policy.. I hope..
Title: Re: Textile Sector
Post by: zahid on December 08, 2012, 12:12:54 PM
Thanks Asainstock,
Title: Re: Textile Sector
Post by: SONA on December 08, 2012, 12:20:11 PM
i bought RAVT 60 K at 4.51 avg. Senior's please guide me
thanks a lot
@zahid bhai buying sy pehly kam as kam ye to dykh lya kro k ye unit chal rha he ya band he
Title: Re: Textile Sector
Post by: SONA on December 08, 2012, 12:20:19 PM
i bought RAVT 60 K at 4.51 avg. Senior's please guide me
thanks a lot
@zahid bhai buying sy pehly kam as kam ye to dykh lya kro k ye unit chal rha he ya band he
Title: Re: Textile Sector
Post by: zahid on December 08, 2012, 12:22:13 PM
Brother i am new in stock market, mujay to mery broker nai kaha our main nai le leya. ab daikhain kaya hota hai. jo kismit main ho ga ho jai ga.
Title: Re: Textile Sector
Post by: zahid on December 08, 2012, 12:25:11 PM
@zahid bhai buying sy pehly kam as kam ye to dykh lya kro k ye unit chal rha he ya band he

wase koi to option ho ga is se jan churwany ka?
Title: Re: Textile Sector
Post by: stockee on December 08, 2012, 12:44:59 PM
i bought RAVT 60 K at 4.51 avg. Senior's please guide me
thanks a lot

Dears,
i bought Ravi  40.K at 4.51 Avg  please guide me hold or sell, i am new at stock market,
i hope you will guide me

????????????????? 40k or 60k?
Title: Re: Textile Sector
Post by: llllll on December 08, 2012, 12:48:35 PM
another 007,
Good for us
Title: Re: Textile Sector
Post by: zahid on December 08, 2012, 12:56:05 PM
60K, 40 K me and 20 K is my friend
Title: Re: Textile Sector
Post by: Atif1 on December 09, 2012, 05:39:35 PM
60K, 40 K me and 20 K is my friend

Brother i am new in stock market, mujay to mery broker nai kaha our main nai le leya. ab daikhain kaya hota hai. jo kismit main ho ga ho jai ga.

zahid bhai broker k kehnay pur mat chala karo. yeh apnay chakar main marwa daytay hain. :[
Jab bhee broker tip dy forum per us ko check zaroor kar lo.
its 1Q 2013 ke earnings -0.31 hain. Last year closing fy12ke -1.58 thee.
Title: Re: Textile Sector
Post by: Hamid Dharki on December 09, 2012, 05:54:01 PM
We are selling cotton at very low prices to textile mills. Growing cotton is not profit. Expensive Diesel, fertilizer and labor. Textile mills making high profits as they are selling Yarn at very high price.
Title: Re: Textile Sector
Post by: dreamer on December 09, 2012, 07:57:28 PM
@Textile Gurus.
It has been reported that Govt. may impose duty on import of polyster fibre. Do you recommend buying DSFL? Thanks
Title: Re: Textile Sector
Post by: sanwar on December 09, 2012, 08:24:17 PM
@Textile Gurus.
It has been reported that Govt. may impose duty on import of polyster fibre. Do you recommend buying DSFL? Thanks

I am no Textile guru, but I recall from chat (probably) that DSFL is not in production and it is pure "satta"...
Title: Re: Textile Sector
Post by: Hamid Dharki on December 10, 2012, 01:47:51 PM
If Allama Iqbal were alive today he would be very happy to see his grand son' Sally Textile going up like Shaheen  :D
Title: Re: Textile Sector
Post by: Valueestimator on December 10, 2012, 09:08:33 PM
I am too holding rewm, fasm, nml, mqtm and bnwm.

strong rallies are expected after or just before half year results. rewm target 35, fasm target 120, nml 100, mqtm 28, bnwm 75.

rewm book value about 70+eps above 10

fasm, book value 230+, eps 30+

BNWM, book value 150+, eps 18+

nml book value 150+, eps 15+ (consolidated)

mqtm eps 6+ book value 20+

textile will follow cement style rallies, after every quarter , 20-30% is expected to go up.

FASM is pure spinning therefore is expected to show good growth, the company never faced loss during last 10 years.

all are dividend paying stocks.
Title: Re: Textile Sector
Post by: asadullah1977 on December 10, 2012, 10:25:43 PM
what about in december 2 weeks? especially NML?
Title: Re: Textile Sector
Post by: ovais muammad on December 11, 2012, 12:03:12 AM
valueestimater hey what about ncl ? whats its target ? what are its prospects? expected eps and target price
Title: Re: Textile Sector
Post by: hammad01 on December 11, 2012, 11:20:32 PM
Valueestimator bhai, oulman bhai and hamid bhai,

I would like to hear your suggestions, opinion and advice on current textile correction. I have noticed based on my portfolio that fundamental shares (BNWM and FASM) have came down more drastically then kachra shares (Saritow spinning, KOSM, khalid siraj, olympia spinning, etc etc). BNWM and FASM have came from 65-47 and 90-74 now. Overall in textile companies I am still in slight profit, do you suggest that i should offload all my textile shares and wait for further correction and buy these shares at further lower rates or you suggest that these shares have already loose enough and can increase at any time. Iam more concerned with BNWM (2500 avg buy 48) and FASM (2500 avg buy 77).
Title: Re: Textile Sector
Post by: Hamid Dharki on December 11, 2012, 11:26:47 PM
I cannot give any advice in this matter. Only thing I know is that spinners are making tons of money every 24 hours a day 364 days a year( 10 Moharram is the only day spinners close factory in a year)
Title: Re: Textile Sector
Post by: asim.786 on December 12, 2012, 01:40:48 AM
Textile sector sets deadline for resumption of gas supply
By Our CorrespondentPublished: December 11, 2012

Crisis: 62 is the number of days the industry remained shut due to gas curtailment in first six months of fiscal 2013. PHOTO: FILE
LAHORE:
The All Pakistan Textile Mills Association (Aptma), Punjab Chapter has given an ultimatum to the government to provide Punjab-based textile mills with uninterrupted power supply within a week, else, they will be bound to start protesting to save the most precious industry of the country.
“The textile sector Punjab has been hit worst due to the energy crisis, as with gas curtailment, we have to bear up to 10 hours of power outages,” said Shehzad Ali Khan, chairman of Aptma Punjab, in a press briefing. This is a major problem for Punjab which provides $1 billion exports monthly and employment to ten million people, he said.
With mutual understanding of all the stakeholders, we decided to give one-week time to the government, during which we will try to meet with concerned officials to resolve the issue as we believe that present government is pro-industry.
According to Aptma, the industry was shut for 77 days for the year 2008-09, 95 days for 2009-10, 136 days for 2010-11, 185 days for 2011-12 and for 62 days for the first six months of 2012-13.
Published in The Express Tribune, December 11th, 2012.
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Title: Re: Textile Sector
Post by: SBM on December 12, 2012, 10:23:29 AM
I cannot give any advice in this matter. Only thing I know is that spinners are making tons of money every 24 hours a day 364 days a year( 10 Moharram is the only day spinners close factory in a year)

 :o :o
no chutti even on eid !
Title: Re: Textile Sector
Post by: SBM on December 12, 2012, 11:26:36 AM
Financing to textiles: Dr Baig hails President's proposal to South Korea

December 09, 2012 RECORDER REPORT 0 Comments
 Federal Advisor on Textiles Dr Mirza Ikhtiar Baig who returned after three days official visit to Seoul Korea with President of Pakistan Asif Ali Zardari hailed President Zardari's proposal to Chairman Korea Eximbank Dong Soo Park to extend financing to Pakistan's textile sector to enhance their economies of scale.

Dr Baig also attended the said meeting with the President appreciating the President's vision for our textile sector competing in the region and getting maximum share of the Chinese textile market in the future. Dr Baig informed the President that China was no more competing with Pakistan in cotton yarn and denim fabric, instead China had emerged as one of the biggest buyers of these items from Pakistan. With increasing wages and labour costs by 20% per annum China would also phase out of the garment business providing opportunity to Pakistan and other countries in the region to get their market share.

The President of Pakistan agreed with Dr Baig that finally China would be focusing on hi-tech sectors like Japan and Korea. The Federal Advisor was optimistic for the enhancement of textile exports due to EU allowing Pakistan duty-free market access to our textile products bringing Pakistan at par with Bangladesh. During the visit Dr Baig also had a meeting with the Minister for Water and Power, Chaudhry Ahmed Mukhtar who accompanied the President's delegation.-PR
Title: Re: Textile Sector
Post by: Farzooq on December 12, 2012, 12:02:40 PM
AKD Daily

Cotton outlook – ‘May you live in interesting times’

As is with the famous saying “May you live in interesting times”, these are definitely interesting times for the global cotton price scenario as despite a bumper global cotton crop in FY12 and EU slowdown, prices have surprisingly held up, primarily due to aggressive Chinese imports prompted by domestic state reserve purchases. However, heading into the next year, we could see significant reduction in Chinese cotton imports, which in turn could depress global cotton prices, as well as Chinese yarn import demand, which could potentially result in downward revisions to our Textile Universe earnings estimates for FY14F.

Key takeaways from USDA: According to USDA’s Dec’12 cotton report released yesterday, global cotton inventories in FY13 will surge to a record 79.6mn bales (75% of annual consumption), following bumper cotton crop in FY12 as well as moderation in demand. Importantly, Chinese imports are forecast to fall by 53% YoY in FY13, where aggressive Chinese imports during 1QFY13 helped stabilize global cotton prices. Now Chinese import demand is expected to taper off heading into 2013 as state cotton reserves are estimated to reach 4.5mn tons this season, accounting for ~65% of the domestic crop. Weak Chinese cotton imports next year could potentially have a hard landing effect on cotton prices. In this regard, Chinese Cotton Futures are already growing increasingly backwardated with yesterday’s 6-month future closing price settling at CNY19,175/ton, down 1% from 30 sessions ago and 3% from 60 sessions ago.

Domestic cotton rose 6%MoM in Nov’12: Cotton prices in the month of Nov’12 averaged at PkR6,250/maund, up by 6%MoM, indicating robust domestic demand as int’l prices during Nov’12 actually slipped by 1%MoM. As a consequence the discount between domestic and int’l cotton prices has narrowed to 9% against a historic average of 18%.                        .

Will the textile spinners’ bonanza end? Riding on the surge in Chinese yarn imports, textile spinners profitability has bounced back sharply over the last two quarters. We expect profitability to remain healthy in the next two quarters (Oct-Mar) till the new Chinese Cotton Reserve policy is announced (possibly in Mar’13), where we expect considerable reduction in state support price, which could result in cheaper domestic Chinese prices, and thus reduced demand for yarn imports. As such earnings outlook for yarn manufacturers will be highly leveraged to China’s cotton procurement policy. For our cotton price estimates, we have assumed a price of USc85/lb for FY13 (USc83/lb FY13TD) and USc80/lb going forward. Weaker cotton price outlook going forward could result in downward revision in our EPS estimates. As for our Universe companies, earnings of NCL are more sensitive to cotton prices than NML where we estimate that a USc10/lb reduction in cotton price will have an annualized EPS impact of PkR2 for NCL and PkR1.4 for NML. Impact for NCL will be higher than NML primarily due to relatively higher share of yarn in the sales mix.
Title: Re: Textile Sector
Post by: zahid on December 13, 2012, 04:36:52 PM
Any news ke textile ke 2nd rallay kab start ho ge
Title: Re: Textile Sector
Post by: asim.786 on December 14, 2012, 01:02:18 PM
 

Textiles

The Senate Standing Committee on Textile was informed that Pakistan is likely to get European Union’s Generalized System of Preferences (GSP) Plus status by Jan’14. Last month the EU also granted tariff free market access to Pakistan on 75 items including 64 items belonging to the textile sector. Access to the European market with tariff concession would allow the country’s textile exports to grow significantly as Pakistan’s textile industry contributes over 56% towards the total exports.
Title: Re: Textile Sector
Post by: engrusama on December 14, 2012, 04:33:24 PM
Took positions in STJT @ 38. a very small position in MQTM @ 20.
and KTML @15.92.
Title: Re: Textile Sector
Post by: Valueestimator on December 14, 2012, 04:57:21 PM
Any news ke textile ke 2nd rallay kab start ho ge

next 3 months are of textile, after that i am not sure.
Title: Re: Textile Sector
Post by: asim.786 on December 15, 2012, 07:26:53 PM
FAISALABAD: The industrial sector of Faisalabad region has come to a halt as gas supply has been suspended for indefinite period, Geo News reported Saturday.

The industries are without gas for the eighth consecutive day while the Sui Gas department told that the supply has been suspended for indefinite period. The authorities apprised that the decision to halt gas supply was taken after the difference between demand and supply was widened.

Crises have hit the industrial zone as eight days have already passed without gas and the production process in textile mills has reduced to nil.

Some factories have resorted to utilize woods as fuel and are running the boilers by burning them as fuel. However, most of the factories are not functional for the past eight days that has adversely affected the daily-wage workers.

The workers as well as the industrialists in the city had strongly resented forced holidays due to week-long suspension of gas supply since December 8.

The workers said that they have been thrown out of employment, as the industry cannot run without gas supply, which remains suspended for the last eight days. They have exhausted whatever savings they had and now they and their families are left to face starvation.

Industrialists in the other hand complained that they are finding it difficult to meet their export orders as a result of suspension of gas supply that is incurring huge losses, while the country is also losing much needed foreign exchange.

The industrialists further said that industries were already running on 30% of their installed capacity due to six hours load-shedding of electricity and this suspension of gas supply for the last one-week has rendered the industrial wheel to a complete halt.

They further said that the textile sector is the worst hit as it would not be able to fulfill the export orders for Christmas and the New Year on the one hand while availing the EU Autonomous Trade Preference Scheme (AUTPS) 25% quota granted to Pakistan ending Dec 2012 and also affecting the exports under the Scheme in the beginning of 2013.

The workers have appealed to the government for an early restoration of gas supply to the industries here and save them from virtual starvation.
Title: Re: Textile Sector
Post by: Atif1 on December 16, 2012, 08:29:01 PM
Any news ke textile ke 2nd rallay kab start ho ge

gas ho ge to textile rally chlay ge huhu
Title: Re: Textile Sector
Post by: Atif1 on December 16, 2012, 09:47:18 PM


Textiles

The Senate Standing Committee on Textile was informed that Pakistan is likely to get European Union’s Generalized System of Preferences (GSP) Plus status by Jan’14. Last month the EU also granted tariff free market access to Pakistan on 75 items including 64 items belonging to the textile sector. Access to the European market with tariff concession would allow the country’s textile exports to grow significantly as Pakistan’s textile industry contributes over 56% towards the total exports.

Pakistan is unlikely to qualify for the Generalised System of Preferences (GSP) plus status for the European Union (EU) block until it initiates steps to control rampant corruption and alleged human rights violations, well-informed sources in Commerce Ministry told Business Recorder. According to a recent report of Transparency International (TI) Pakistan's ranking in corruption at the global level
has improved from 42 to 33, which has jolted the government despite the fact that a number of cases of corruption and financial mismanagement are already being heard by the Supreme Court of Pakistan. (BR) :crying_anim02:
Title: Re: Textile Sector
Post by: asim.786 on December 17, 2012, 12:28:14 AM
Next two year will b good for textile.
Title: Re: Textile Sector
Post by: Hamid Dharki on December 17, 2012, 12:53:57 AM
Gadoon Textile is located in area immune from electricity and gas load shedding.
Title: Re: Textile Sector
Post by: Hamid Dharki on December 18, 2012, 01:47:42 PM
what is happening with sally
Title: Re: Textile Sector
Post by: asim.786 on December 19, 2012, 12:18:25 AM
Textile mills set to resume operations today

From the Newspaper | Our Staff Correspondent | 17 hours ago

A worker examines fabric at a textile factory in Faisalabad, Pakistan. – AP (File Photo)

FAISALABAD, Dec 17: Industrialists attached with the textile sector announced on Monday that they would run their factories forcibly from Tuesday (today) and would not follow any gas closure schedule in future.
Entrepreneurs also staged a demonstration outside the Sui Northern Gas Pipelines Limited offices on Sargodha Road and blocked traffic for more than two hours.
Pakistan Hosiery Manufacturers Association Vice-Chairman Zia Alamdar Shah led the rally. He was accompanied by representatives of the All-Pakistan Textile Processing Mills Association, the Council of Powerloom Owners and the Pakistan Textile Exporters Association.
Talking to Dawn, Shah said the industrial units had been closed for the last 10 days although they had been promised gas for three-and-a-half days a week.
He said the Punjab government appeared weak in protecting the rights of workers and industrialists. He said industrialists of Karachi had been using the utility for six days a week, however, the situation was going from bad to worse in Punjab owing to the apathy of the provincial government.
He said all factory owners had called their labour to run their units by force and they would resist if any kind of action was taken by the SNGPL.
He said fertilizer units had been availing gas but the textile industry providing jobs to thousands of workers had been dealt with step motherly. He said some of the factories had started operation on Monday evening.
Title: Re: Textile Sector
Post by: Hamid Dharki on December 19, 2012, 06:13:03 PM
http://www.textileworld.com/Articles/2012/December/November_December_issue/Cotton_Markets.html

Title: Re: Textile Sector
Post by: SBM on December 20, 2012, 01:17:04 AM
http://www.textileworld.com/Articles/2012/December/November_December_issue/Cotton_Markets.html

Nice share thanks
Title: Re: Textile Sector
Post by: llllll on December 21, 2012, 03:01:29 AM
Any views/information  on Gulshan and Gulistan spinning and their merger with paramount spinning and post merger mkt price and swap ratio?
Title: Re: Textile Sector
Post by: dreamer on December 22, 2012, 11:53:13 AM
Textile mills to get gas for 6 hours daily

http://dawn.com/2012/12/22/gas-for-textile-mills-six-hours-a-day/
Title: Re: Textile Sector
Post by: asianstock on December 22, 2012, 12:01:17 PM
Textile mills to get gas for 6 hours daily

http://dawn.com/2012/12/22/gas-for-textile-mills-six-hours-a-day/

Laoooooooooooooo Maaaaaal   :shoaby:  :dance.. It may start second rally..
Title: Re: Textile Sector
Post by: asianstock on December 22, 2012, 12:06:12 PM
The export of textile and clothing continues with its rising trend in Nov’12, rising by 23.5%YoY

The export of textile and clothing has continued with its rising trend in Nov’12, rising by 23.5%YoY. This follows growth of 10.5%YoY in Oct’12 and 12.9%YoY in Sep’12. In related news, Pakistan’s textile exports to Turkey will likely get a massive boost following the signing of Preferential Trade Agreement (PTA) between the two countries. In this regard, as per Mr. Mirza Ikhtiar Baig, adviser to the Federal Govt. on Textiles, the PTA will help boost the bilateral trade between the countries to US$2bn in a short span from current US$1bn.

(AKD)
Title: Re: Textile Sector
Post by: newface on December 22, 2012, 12:11:16 PM
Any views/information  on Gulshan and Gulistan spinning and their merger with paramount spinning and post merger mkt price and swap ratio?

Bro will you give some detail of merger of Gulistan spinning with paramount spinning. What will be the impact on GUSM, positive or negative? I have some holding of GUSM.
Title: Re: Textile Sector
Post by: llllll on December 22, 2012, 01:13:38 PM
I got interest in these scrips due to payout history but last financial report on website is for march 2012? . Update needed before any entry .lets hope, someone is better informed and will share his knowledge and dhiyan with us 
Title: Re: Textile Sector
Post by: Farzooq on December 24, 2012, 11:18:53 AM
5MFY13 exports at US$5.4bn with strong contribution from yarn
Latest data by PBS shows that although Nov textile exports (US$1.01bn) are down 10% MoM
they have not acted as a material drag on FYTD numbers, as 5M is still up by a decent 8% to
US$5.4bn. With low base effect lending a hand, export quantum registered a 23% growth for
Nov?12. Recall that Nov?11 exports of US$0.82bn were the lowest monthly figure for FY12.
Among the weak links in Nov?12, the value added chain (knitwear, bedwear, garments) saw
volumes/US$ values decline by mid?teens MoM. Exception is cotton yarn which maintained its
stellar performance (+13% MoM; +42% YoY) owing to strong demand in the Far East (mainly
China). Looking at product categories, although realized prices have been hovering in a tight
band in US$ terms (in?line with cotton price movement), volumes have been fairly erratic. We
expect that future sector earnings/profitability will be more of a volume?driven function which
brings another variable into the equation ? energy.

Effective tackling of energy menace to separate the cream from the rest
While the entire sector has benefited from improved operating backdrop (FYTD 250bps DR cut,
3% currency deval & stable cotton price), we reckon that a test of resilience from hereon will be
determined by how effectively manufacturers cope with energy outages in the next 2?3
months. The choice lies between (1) switching over to FO/HSD for power generation at the
expense of margins, or (2) shutting down production shifts and curtailing capacities. Reports
over winter gas schedule to textile industries in Punjab have been floating in the news as
Petroleum Minister has announced a six?hour daily gas supply to Punjab industries and we
expect such stop gap arrangements to be the norm during the winter months. In this regard,
vertically integrated players such as NML remain at a competitive advantage as production
process is not halted since they have a cushion to absorb cost of FO/HSD. NML remains our
preferred pick offering 18% total return to our PO of PRs72/sh. As per our latest discussion with
NML management, although the 6MW coal?biomass plant has witnessed some delays,
management is optimistic of COD in early Jan.

Dec?Jan could see minor disruption…however broader sector dynamics favorable
We highlight potential temporarily disruption in textile export numbers for Dec?Jan following
10?12 days transporters strike in Karachi that led to order delays/cancellations. Beyond this
hiccup and the menace of gas curtailment, sector dynamics look fairly robust; however cotton
price fluctuation remains a swing factor with a greater potential to impact realized prices rather
than volumes. Although incremental crop arrivals have slowed of late (10.7mn bales; ?2.4%
YoY), which in turn has modestly lifted local cotton prices (up 2?3% to PRs6,100/maund), we still
expect full year crop to exceed USDA (13mn bales) and CCAC (13.3mn bales) estimates.

kasb
Title: Re: Textile Sector
Post by: Farzooq on December 24, 2012, 12:57:53 PM
AKD Daily

Textile: Exports up 8%YoY in 5MFY13

Textile exports for 5MFY13 advanced by 8%YoY to US$5.4bn. While this may appear subdued, selected sub-segments have posted marked outperformance. Amongst the major textile sub-categories, Yarn was the noticeable outperformer, with exports rising by 38%YoY to US$896mn, following a robust 52%YoY growth in export volumes. While overall textile exports in Nov'12 were down by 10%MoM to US$1bn, yarn remained the contrarian outperformer. In this regard, after two consecutive months of declines, yarn imports in China bounced back, rising by 15%MoM to 146k tons in Nov'12. Similarly, Chinese yarn imports for the 5MFY13 have risen by 76%YoY to 698k tons, fueling Pakistani yarn exports. that said, potential reduction in cotton support prices in China going forward could result in significant decline in yarn import demand. At current levels, we have a Reduce stance on NCL (TP: PkR30.4/share) and an Accumulate stance on NML (TP: PkR73.8/share).

5MFY13 textile exports up 8%YoY: Textile exports for 5MFY13 advanced by 8%YoY to US$5.4bn. Amongst the major textile sub-categories, Yarn was the noticeable outperformer, with yarn exports rising by 38%YoY to US$896mn, following a robust 52%YoY growth in export volumes. Cotton Cloth and Garments were also noticeable gainers, with exports in value terms rising by 12%YoY and 14%YoY, respectively. However, Average Unit Price (AUP) across most of the categories was down on a YoY basis due to a 27%YoY drop in cotton prices during 5MFY12.

Nov'12 exports down sequentially by 10%: Textile exports in Nov'12 were down by 10%MoM to US$1bn. With the exception of yarn, there was a decline in sequential exports of all the other major textile sub-categories. Yarn exports rose by 12%MoM to 64.3k tons, while the AUP remained flat at US$2,992/ton. Compared to November '11, textile exports are up by 24%YoY largely due to strong growth in export volumes across all the major sub-categories.

Chinese yarn imports humming: After two consecutive months of declines, yarn imports in China bounced back, rising by 15%MoM to 146k tons in Nov'12. Similarly, imports for 5MFY13 have risen by 76%YoY to 698k tons, where the growing Chinese yarn import demand has helped drive yarn exports at home. Recall that expensive domestic cotton (high support price) has forced Chinese textile manufacturers to source cheaper yarn from the region, where a reduction in cotton support prices going forward could result in significant decline in yarn import demand. At current levels, we have a Reduce stance on NCL (TP: PkR30.4/share) and an Accumulate stance on NML (TP: PkR73.8/share)..
Title: Re: Textile Sector
Post by: zahid on December 24, 2012, 03:16:49 PM
http://www.nawaiwaqt.com.pk/E-Paper/Lahore/2012-12-24/page-1/detail-17
Title: Re: Textile Sector
Post by: zahid on December 26, 2012, 02:49:58 PM
Ye textile ko kaya ho geya hai?
Title: Re: Textile Sector
Post by: maasod on December 26, 2012, 02:53:20 PM
No electricity. Zinda hai Bhutto zinda hai . ______PPP
Title: Re: Textile Sector
Post by: zahid on December 26, 2012, 03:07:23 PM
Awam mar gai per bhutto aj bhe zinad hai?????????????????????
Title: Re: Textile Sector
Post by: zahid on December 27, 2012, 03:29:10 PM
Any News for textiles???
Title: Re: Textile Sector
Post by: Hamid Mamraiz on December 27, 2012, 06:08:51 PM
Any News for textiles???

Textiles will rock in near future insha ALLAH ... Don't take tension
Title: Re: Textile Sector
Post by: Valueestimator on December 27, 2012, 08:16:48 PM
most of the textiles including nml, ncl which have better margins make net of about 5% on sales excluding other income.

if currency has depreciated by about 3% during the quarter, margins are expected to improve to at least 7% on sales which would mean 40% increase in profit from core operations.
Title: Re: Textile Sector
Post by: asianstock on December 29, 2012, 02:16:57 PM
APTMA postpones planned strike on Minister’s assurance

Mr. Mukhtar Ahmad, Federal Minister for Water and Power, assured APTMA representatives that the government would take special measures to provide electricity to the industrial sector, particularly the textile sector.

http://www.fibre2fashion.com/news/textile-news/pakistan/newsdetails.aspx?news_id=119439

Can we see any upward movements in textile sector?
Title: Re: Textile Sector
Post by: asim.786 on December 30, 2012, 07:12:41 PM
‘Energy shortage caused Rs 200b annual loss to textile sector’
ONLINETODAY AT 12:33 AM

Power and gas outages in the country have yielded into Rs 200 billion annual losses to the textile sector during last four years.
According to letter written from the ministry of Textile Industry to the ministry of Water and power, Petroleum and Natural Resources, textile sector has been termed as export oriented sector that not only contributes in billion of rupees to the national economy but also provided jobs to millions of people in the country.
Sources revealed that though export of raw cotton, cotton yarn and export of low value-added textiles had increased, yet the value-added apparel and home textile exports declined considerably during the last four years. Bumper cotton production was recorded in the country during this period of time, however due to gas and power shortage, the industry was unable to consume the crop for value-added production.
Due to tariff concession, easy market access, improved law and order situation and good energy supply in Bangladesh, Turkey and Sri Lanka, some textile units have relocated there. Availability of utilities, low utility price and subsidies that have been provided by competitor governments are disadvantaging textile exports of Pakistan. Further, due to poor law and order situation, production losses have increased, but the main reason behind these losses was gas and power shortage in the country, sources maintained.
To address the issues of textiles sector and make it self-sustainable, the government approved first ever Textile Policy (2009-14) in August 2009 that envisaged boosting textile exports to $25 billion in five years. The Cabinet while approving the Textile Policy also approved the proposal that the textile industry will be exempted from load-shedding and would enjoy priority.
However, government failed to ensure gas and power to the industry and it failed to meet its production and export targets as was envisaged in the policy, sources maintained.
Title: Re: Textile Sector
Post by: zahid on December 31, 2012, 11:14:05 AM
what about Chenab Limited? Senior plz guide
Title: Re: Textile Sector
Post by: asim.786 on December 31, 2012, 08:48:41 PM
Punjab textile mills power immidate restore by PM order
Title: Re: Textile Sector
Post by: asim.786 on December 31, 2012, 08:50:38 PM
Punjab textile mills power immidate restore by PM order
Lao textile sector tomorrow
Title: Re: Textile Sector
Post by: asianstock on January 01, 2013, 01:04:52 AM
Laaoooooooooooooooooooooo Textile !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

http://jang.com.pk/jang/dec2012-daily/31-12-2012/u131628.htm
Title: Re: Textile Sector
Post by: Hamid Dharki on January 01, 2013, 01:07:55 AM
which textile share?
Title: Re: Textile Sector
Post by: zahid on January 01, 2013, 01:20:43 PM
why textile down and down each day?
Title: Re: Textile Sector
Post by: Hamid Mamraiz on January 01, 2013, 05:46:15 PM
why textile down and down each day?

Sabar karein bhai... Textiles keh bhe din aanay hain... Textiles mein 1-2 week kee tezi he saray losses khatam kar de ge....
Title: Re: Textile Sector
Post by: SBM on January 01, 2013, 11:18:32 PM
I think q2 results will def ignite new rally in textiles
Title: Re: Textile Sector
Post by: SONA on January 02, 2013, 08:07:47 AM
I think q2 results will def ignite new rally in textiles
@ouulman bro which textile units? Because majority owners are chor they will not show good results.
Title: Re: Textile Sector
Post by: SBM on January 02, 2013, 09:48:25 AM
I think q2 results will def ignite new rally in textiles
@ouulman bro which textile units? Because majority owners are chor they will not show good results.

tell me which ones you think are chors
Title: Re: Textile Sector
Post by: SONA on January 02, 2013, 09:56:43 AM
I think q2 results will def ignite new rally in textiles
@ouulman bro which textile units? Because majority owners are chor they will not show good results.

tell me which ones you think are chors
chenab , amtex etc
Title: Re: Textile Sector
Post by: SBM on January 02, 2013, 10:15:40 AM
I think q2 results will def ignite new rally in textiles
@ouulman bro which textile units? Because majority owners are chor they will not show good results.

tell me which ones you think are chors
chenab , amtex etc

 :D haha amtex is chor for sure

umer group companies fasm, bhat, btl
nagina group nagc prwm elsm
nishat mills nishat chunian
tata grp  tata salfi island
indus dyeing + sunrays


these are all reasonably decent companies with decent hard working managements
you can check their financial performances for consistency etc
apart from nishat grp, all are illiquid though :)
Title: Re: Textile Sector
Post by: llllll on January 02, 2013, 01:12:18 PM
tu phir dfsm below 3 buy karaay?
Title: Re: Textile Sector
Post by: Forecaster on January 03, 2013, 11:12:10 AM
If Allama Iqbal were alive today he would be very happy to see his grand son' Sally Textile going up like Shaheen  :D

Shukar hai agar hote tu fluctuation dekh kar sochne kaa moka bhi na milta :)
Title: Re: Textile Sector
Post by: zahid on January 03, 2013, 04:47:58 PM
any news of nishat chunia. board meating date is 08-01-2013
Title: Re: Textile Sector
Post by: SBM on January 04, 2013, 01:09:29 PM
Slow phutti arrivals in Punjab Cotton output falls 3.7pc
           
By Parvaiz Ishfaq Rana | 1/4/2013 12:00:00 AM

KARACHI, Jan 3: Sustained arrival of phutti (seed cotton) in Sindh could not off-set sudden drop of phutti arrival witnessed during the fag end of first picking in the Punjab as a result the overall national cotton production remained lesser by 3.70 per cent at 11.586 million bales over the corresponding period last year.

According to figures jointly compiled by the PCGA, Aptma and KCA, phutti arrival up to Jan 1 remained slower mainly due to sudden decline recorded in phutti picking in the Punjab early last month.

Cotton analysts say that last year when Sindh was facing a difficult situation for cotton crop owing to heavy rains and floods which damaged standing crops, arrival stood short by up to 31.07 per cent.

However, this year when arrival of phutti in Sindh is higher by 34.50 per cent at 3.234 million bales, it could not fill the national shortfall.

About 829,820 more bales have been produced so far this season in Sindh.

Contrary to this, last year Punjab harvested a bumper cotton crop and arrival ofphutti up to Jan 1, 2011 was higher by 42.60 per cent at 9.627 million bales and this also helped cover up short fall in cotton production that was being witnessed in Sindh.

However, this season phutti arrival during fag end of first picking in the Punjab suddenly dipped down which took everyone by surprise because prior to this, arrival was at much higher pace and it was being estimated that the country may have yet another bumper cotton crop of around 15 million bales.

Official figures disclosed that arrival of phutti in the Punjab remained slow and up to Jan 1, 2012, around 8.357 million bales reached ginneries showing a shortfall of 13.25 per cent or 1.275 million bales over the corresponding period last year.

Last season Punjab produced around 9.627 million bales during the period under review.

With a total shortfall of around 445,440 bales being recorded up to Jan 1, 2012 the country could hardly reach a production target of around 13 million bales this season, cotton analysts and watcherstold Dawn on Thursday.

As the season progresses, they f ear the gap would widen because subsequent pickings are of much lesser impact on overall production.

This could be verified from the fact that fortnightly arrival of phutti is also declining and during Dec 15, to Jan 1, 2012, around 817,869 bales reached ginneries as against 996,152 bales in the same period last year which shows a shortfall in arrival of around 178,283 bales.

However, it is encouraging that spinning mills maintained their pace in purchase of raw cotton at 9.735 million bales as against 9.817 million bales in the same period last year.

But exporters have lifted lesser quantity owing to higher prices of cotton in the domestic market and only 186,865 bales were purchased compared to 518,011 bales they booked in the same period last year.

Ginners are also holding unsold stocks of cotton close to that of last year at 1.664 million bales compared to 1.696 million bales held by them in the same period last year.
Title: Re: Textile Sector
Post by: asim.786 on January 05, 2013, 09:37:26 AM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1139908:textile-mills-getting-uninterrupted-power-supply/?date=2013-01-05
Title: Re: Textile Sector
Post by: SBM on January 08, 2013, 08:37:59 PM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1140991:selective-buying-on-cotton-market-helps-prices-retain-firmness/?date=2013-01-08

According to the Reuters, India is likely to ramp up purchases of cotton to help out farmers faced with sliding prices and scant export demand, government officials said. Traders also said the state could potentially spend 1.5 billion dollars on cotton purchases and create additional storage for the fibre.


local cotton prices have increased about 8-10% in the past couple of months ...
Title: Re: Textile Sector
Post by: Valueestimator on January 08, 2013, 09:47:14 PM
http://www.pacra.com.pk/pages/research/archive/sector_study/textile/Study/Textile_SS_Dec_12.pdf

an interesting and in deep report by pacra on textile sector
Title: Re: Textile Sector
Post by: Hamid Dharki on January 09, 2013, 01:06:23 AM
just scratching the surface. What about cost structure of our textile industry vs. others in Asia? are we competitive because of low labor cost?
Title: Re: Textile Sector
Post by: SBM on January 09, 2013, 10:30:39 AM
New York cotton ends down on selling ahead of USDA report

January 09, 2013 RECORDER REPORT 0 Comments
 Cotton ended lower on Tuesday as investors lessened bullish bets on concerns that a report by the US Department of Agriculture later this week will forecast lower consumption. "There was some book squaring and selling ahead of Friday's WASDE report," which is expected to call for lower world cotton consumption, said Ron Lawson, partner of commodities investment firm LOGIC Advisors.

The cotton market now looks forward to Friday's World Agricultural Supply and Demand Estimates report, which will provide the USDA's latest comprehensive forecasts of supply and demand for major US and global crops and US livestock. The most-active March cotton contract on ICE Futures US closed down 0.59 cent at 75.12 cents per lb, with trading volume at 15 percent above its 30-day average, preliminary Reuters data showed.

Turnover was lower than usual partly because some cotton traders were away at the industry's annual get-together at the Beltwide Cotton conference at San Antonio through Thursday.

US farmers will plant one of the smallest cotton crops in two decades in 2013 as the fiber loses a battle for acreage to the more buoyant grains market, according to a Thomson Reuters poll. Jitters ahead of the USDA report more than offset sporadic fund buying related to index-fund rebalancing at the beginning of the year, Lawson said. Index funds are expected to begin rebalancing their portfolios this week, when they will buy commodities that became underweight due to poor 2012 performances.

Last year, cotton was the third-weakest performer on the Thomson Reuters-Jefferies CRB index, a global benchmark for commodities. It finished 2012 down 17 percent. Cotton prices in India, the world's second-largest producer, are likely to rise marginally this week on buying by state-run agencies, which could outweigh higher supplies in the spot markets amid subdued export demand, traders said on Tuesda

http://www.brecorder.com/cotton-a-textiles/186:world/1141247:new-york-cotton-ends-down-on-selling-ahead-of-usda-report/
Title: Re: Textile Sector
Post by: Atif1 on January 10, 2013, 01:45:06 PM
The textile sector has been assured of 24 hour power supply from 01-feb 2013 by Zardari in a meeting with APTMA leadership in Bilawal house yesterday.
AKD DAILY 10- JAN
Title: Re: Textile Sector
Post by: drrizwan on January 10, 2013, 11:27:01 PM
Can someone please comment about investing in TATM, ELSM, CML and target price in 6months-1 year time.  thanks
Title: Re: Textile Sector
Post by: Valueestimator on January 11, 2013, 09:14:14 AM
think about fasm, mqtm, rewm, nml, ncl upcoming results r strong
Title: Re: Textile Sector
Post by: Farzooq on January 11, 2013, 01:30:46 PM
China announces release of cotton stocks: China has recently announced that it plans to release cotton from its state reserves. However, it has not yet provided details with regards to the quantity of cotton it plans to release and the associated prices. China will give the details about its cotton stock release on 14th January 2013.
What market expects: Industry sources expect that China will release only a small amount of cotton from its reserves. Furthermore, the selling price is likely to be around USD1.25/lb. However, purchase of state’s cotton would likely be bundled with cotton import quota at low duty.
Release of significant quantities unlikely in the near term: China is likely to continue its broader pro farmer cotton support policies in the medium term and is hence unlikely to release sizeable stocks before the next planting season begins in spring. Potential cotton price reduction due to sizeable stock release before the planting season would discourage cotton farmers and reduce cotton plantation.
Impact on Pakistani spinners: In case small quantities of cotton stock are released, international cotton & yarn market dynamics would largely remain un-affected. On the contrary, release of large quantities at low prices would boost domestic yarn production in China, and hurt Pakistan’s yarn export. However, lower resulting yarn/cotton prices in this scenario would help expand margins of the value added sector.

NML FY12 FY13 FY14
EPS (PKR) 10.0 14.3 14.2
DPS (PKR) 3.5 4.3 4.3
PER 6.1 4.3 4.3
Div Yield 6% 7% 7%
EV/EBITDA 6.5 4.7 4.1
P/BV 0.7 0.5 0.5
ROE 10% 13% 12%
Source: Elixir Research

NCL FY12 FY13 FY14
EPS (PKR) 4.3 11.1 13.0
DPS (PKR) 2.0 2.2 2.6
PER 8.0 3.1 2.6
Div Yield 6% 6% 8%
EV/EBITDA 8.2 5.7 4.7
P/BV 0.9 0.8 0.6
ROE 12% 27% 26%
Source: Elixir Research
Title: Re: Textile Sector
Post by: Farzooq on January 14, 2013, 06:58:17 PM
AKD Daily

Cotton update Jan'13

USDA released its monthly cotton report on Friday, Jan 11'13. Key  takeaways from the report include i) upward revision in global cotton inventory for 2013 by 2mn bales to 81.7mn bales on the back of higher production from China and slight reduction in consumption estimate and ii) reduction in US crop production estimates by 0.25mn bales on adverse weather conditions and reduced area under cultivation. In our view, surging global cotton inventories pose a huge downside risk to global cotton prices, where the estimated ending inventory will approximately account for a sizable 77% of annual production. High demand for cotton at home has helped support domestic cotton prices where prices in Dec'12 averaged at PkR6,342/maund, up sequentially by 1%. Chinese yarn imports in Nov'12 jumped by 15%MoM to 145.9 k tons, the second highest monthly imports to date, which will bode well for the Pakistani textile sector, particularly for yarn manufacturers’ profitability for 2QFY13, where margins will be further supported by recent PkR depreciation (2%QoQ against US$).

Key takeaways from USDA Jan'13 cotton report: USDA released its monthly cotton report on Friday, Jan 11'13. Key takeaways from the report include i) upward revision in global cotton inventory for FY13 by 2mn bales to 81.7mn bales on the back of higher production from China and slight reduction in consumption estimate and ii) reduction in US crop production estimates by 0.25mn bales on adverse weather conditions and reduced area under cultivation. The high cotton support prices in China however are seen supporting global cotton prices as high prices at home are fueling demand for imports and keeping the local crop off the open market. Nevertheless, surging global cotton inventories pose a huge downside risk to global cotton prices going forward, where estimate of FY13 ending inventory of 81.7mn bales will approximately account for a sizable 77% of annual production.      .

Local cotton price discount to Cotlook-A below historic average: High demand for cotton at home has helped support domestic cotton prices where prices in Dec'12 averaged at PkR6,342/maund, up sequentially by 1%. High demand is also reflected in the narrowing discount to CotLook A, which in Dec'12 stood to 11.3% versus a historical discount of 18%. Domestic cotton yarn demand has been spurred by robust Chinese yarn imports, which in Nov'12 jumped by 15%MoM to 145.9 k tons, the second highest monthly imports to date.

2QFY13 shaping to be another robust quarter for textiles: We expect the textile sector and the yarn manufacturers in particular to record robust growth in 2QFY13 profitability, buoyed by higher yarn exports, reduction in ERF rates and weaker PkR(down 2%QoQ against the US$). However, we expect a revision in the Chinese cotton policy in Mar'13 which would likely lead to lower import demand by China. At current levels we have a Buy stance on NML, which offers 20% upside to our target price of PkR74/share. We are in the process of revisiting our investment case for NCL and in this regard will be updating our subscribers soon.
Title: Re: Textile Sector
Post by: Hamid Mamraiz on January 16, 2013, 09:13:53 PM
China announces release of cotton stocks: China has recently announced that it plans to release cotton from its state reserves. However, it has not yet provided details with regards to the quantity of cotton it plans to release and the associated prices. China will give the details about its cotton stock release on 14th January 2013.
What market expects: Industry sources expect that China will release only a small amount of cotton from its reserves. Furthermore, the selling price is likely to be around USD1.25/lb. However, purchase of state’s cotton would likely be bundled with cotton import quota at low duty.
Release of significant quantities unlikely in the near term: China is likely to continue its broader pro farmer cotton support policies in the medium term and is hence unlikely to release sizeable stocks before the next planting season begins in spring. Potential cotton price reduction due to sizeable stock release before the planting season would discourage cotton farmers and reduce cotton plantation.
Impact on Pakistani spinners: In case small quantities of cotton stock are released, international cotton & yarn market dynamics would largely remain un-affected. On the contrary, release of large quantities at low prices would boost domestic yarn production in China, and hurt Pakistan’s yarn export. However, lower resulting yarn/cotton prices in this scenario would help expand margins of the value added sector.

NML FY12 FY13 FY14
EPS (PKR) 10.0 14.3 14.2
DPS (PKR) 3.5 4.3 4.3
PER 6.1 4.3 4.3
Div Yield 6% 7% 7%
EV/EBITDA 6.5 4.7 4.1
P/BV 0.7 0.5 0.5
ROE 10% 13% 12%
Source: Elixir Research

NCL FY12 FY13 FY14
EPS (PKR) 4.3 11.1 13.0
DPS (PKR) 2.0 2.2 2.6
PER 8.0 3.1 2.6
Div Yield 6% 6% 8%
EV/EBITDA 8.2 5.7 4.7
P/BV 0.9 0.8 0.6
ROE 12% 27% 26%
Source: Elixir Research

Any Update about release of cotton from state reserves of China????
Title: Re: Textile Sector
Post by: Valueestimator on January 19, 2013, 12:36:17 AM
http://dailytimes.com.pk/default.asp?page=2013\01\18\story_18-1-2013_pg5_8
Title: Re: Textile Sector
Post by: Farzooq on January 23, 2013, 03:04:06 PM
Rising textile exports: Good for NML & NCL
 

By: Zeeshan Afzal, Topline Securities Pvt. Ltd.
 
With the start of the fiscal year, textile sector has remained in the limelight on account of improved regional demand and stable cotton prices. Further Pak rupee depreciation (2.8%  since July 2012) and decline in the interest rates (450bps in last 18 months) have also added support to the sector’s profitability. The trend is also evident from the recently released export numbers by PBS (Pakistan Bureau of Statistics) where textile exports have increased by 9% to US$6.5bn (19% in Pak rupee) during 6MFY13.
 
The turnaround story in the textile sector is likely to keep investors’ interest towards the sector in coming months. Listed textile sector out paced the benchmark equity index in calendar year 2012 after posting a gain of 65%. The improved dynamics is expected to bode well for largest listed textile producer Nishat Mills (NML) where we expect company to post EPS of Rs13.1 in FY13 as against Rs10 in FY12, up 30%. Though not actively covered, we also look favorably towards Nishat Chunian (NCL) as the recent surge in yarn export is expected to lead NCL EPS to Rs10 in FY13 as against Rs3.8 in FY12.
 
6MFY13 textile exports up 9%, yarn up 39%
 
Though, in FY12, sharp decline in prices and demand affected Pakistan textile exports that was down 9% to US$12.4bn (Rs 1.1tn) as against US$13.6bn (RS1.2tr) in FY11. However, current fiscal year started with the positive note thanks to strong regional demand along with stable cotton prices.
 
During 6MFY13, cumulative textile exports have increased by 9% in US Dollar (19% in local currency) and reached US$6.5bn as against US$6bn in the same period last year. However, within segments, yarn exports have increased by 39% to US$1.1bn in 6MFY13. Similarly, grey cloth and ready-made garments exports surged by 12% and 13% to US$1.3bn and US$898mn, respectively. We expect the trend to continue in the current fiscal year. Though with low probability, we flag risk of substantial release of cotton stocks and revision in cotton procurement prices by China has the potential to tilt sector dynamics.
 
NML & NCL: Preferred play in textile
 
Marred with the volatile textile prices in FY12, we expect decent improvement in NML bottom-line going forward with the base case assumption of stable cotton prices and better exports supported by declining PKR. Further, implementation of Autonomous Trade Preference (ATP) scheme will also boost company’s profitability. With the expected FY13 EPS of Rs13 we maintain ‘Buy’ on NML that is expected to provide an upside of 29% to our target price of Rs80 per share.
 
Nishat Chunian Limited (NCL), having substantial focus towards spinning, is also expected to reap benefits of increased yarn exports. Although not in our active coverage, our assessment suggests NCL to post EPS of Rs10 in FY13 as against Rs3.84 last year.
Title: Re: Textile Sector
Post by: Salammembers on January 23, 2013, 08:26:33 PM
Buy Items

Preferred First List

NCL   
NML                  
Bannu Woollen Mills Limited (BNWM)    
Ellcot Spinning Mills Limited (ELSM)             Breakup value 88.84   http://www.nagina.com
Faisal Spinning Mills Limited (FASM)       Breakup value 236
Gul Ahmed Textile Mills Limited (GATM)  Or Buy Right shares around 5-6 and subscribe(Preferred Option). http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=038692&pagesize=1&pageno=2
Ibrahim Fibre Limited (IBFL)       
Kohinoor Textile Mills Limited (KTML)     
Maqbool Textile Mills Limited (MQTM)   Breakup value 18.35
Nagina Cotton Mills Limited (NAGC)       Breakup value 67.98   http://www.nagina.com
Prosperity Weaving Mills Limited (PRWM)    Breakup value 30.35   http://www.nagina.com
Reliance Weaving Mills Limited (REWM) Breakup value 53.95   http://www.fatima-group.com/relianceweaving/pdf/AnnualReport2012.pdf
Sana Industries Limited (SNAI)                  http://www.sana-industries.com/11-12/Balance%20Sheet.pdf
Shahtaj Textile Mills Limited (STJT)       Breakup value 62+
Suraj Cotton Mills Limited (SURC)   Breakup value 120+



Preferred Second List


Artistic Denim Mills Limited (ADMM)      
Blessed Textile Mills Limited (BTL)       
Din Textile Mills Limited (DINT)          
Idrees Textile Mills Limited (IDRT)       
Masood Textile Mills Limited (MSOT)       
Janana-de-Malucho Textile Mills Limited (JDMT)
Saif Textile Mills Limited (SAIF)         
Sapphire Fibers Limited (SFL)                  
Sunrays Textile Mills Limited (SUTM)      
Shahzad Textile Mills Limited (SZTM)      
Tata Textile Mills Limited (TATM)      

Kachra Textiles


Amtex Limited (AMTEX)             
Chakwal Spinning Mills Limited (CWSM)       
Data Textile Limited (DATM)          
Dewan Salman Fibre Limited (DSFL)       
Gulistan Spinning Mills Limited (GUSM)    
Gulistan Textile Mills Limited (GUTM)        Loss company..Low volume
Kohat Textile Mills Limited (KOHTM)      
Kohinoor Industries Limited(KOIL)      
Kohinoor Spinning Mills Limited    (KOSM)

Hamid bro,
stjt is showing some weakness this week,
Q1 report is pessimistic though eps still above Rs 3.50,
is this a buying oppurtunity or further ` wait and c ` approach preferable
many thanks in advance,
u r our textile sector Guru
Title: Re: Textile Sector
Post by: Abid_ali on January 23, 2013, 10:38:07 PM
Buy Items

Preferred First List

NCL   
NML                  
Bannu Woollen Mills Limited (BNWM)    
Ellcot Spinning Mills Limited (ELSM)             Breakup value 88.84   http://www.nagina.com
Faisal Spinning Mills Limited (FASM)       Breakup value 236
Gul Ahmed Textile Mills Limited (GATM)  Or Buy Right shares around 5-6 and subscribe(Preferred Option). http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=038692&pagesize=1&pageno=2
Ibrahim Fibre Limited (IBFL)       
Kohinoor Textile Mills Limited (KTML)     
Maqbool Textile Mills Limited (MQTM)   Breakup value 18.35
Nagina Cotton Mills Limited (NAGC)       Breakup value 67.98   http://www.nagina.com
Prosperity Weaving Mills Limited (PRWM)    Breakup value 30.35   http://www.nagina.com
Reliance Weaving Mills Limited (REWM) Breakup value 53.95   http://www.fatima-group.com/relianceweaving/pdf/AnnualReport2012.pdf
Sana Industries Limited (SNAI)                  http://www.sana-industries.com/11-12/Balance%20Sheet.pdf
Shahtaj Textile Mills Limited (STJT)       Breakup value 62+
Suraj Cotton Mills Limited (SURC)   Breakup value 120+



Preferred Second List


Artistic Denim Mills Limited (ADMM)      
Blessed Textile Mills Limited (BTL)       
Din Textile Mills Limited (DINT)          
Idrees Textile Mills Limited (IDRT)       
Masood Textile Mills Limited (MSOT)       
Janana-de-Malucho Textile Mills Limited (JDMT)
Saif Textile Mills Limited (SAIF)         
Sapphire Fibers Limited (SFL)                  
Sunrays Textile Mills Limited (SUTM)      
Shahzad Textile Mills Limited (SZTM)      
Tata Textile Mills Limited (TATM)      

Kachra Textiles


Amtex Limited (AMTEX)             
Chakwal Spinning Mills Limited (CWSM)       
Data Textile Limited (DATM)          
Dewan Salman Fibre Limited (DSFL)       
Gulistan Spinning Mills Limited (GUSM)    
Gulistan Textile Mills Limited (GUTM)        Loss company..Low volume
Kohat Textile Mills Limited (KOHTM)      
Kohinoor Industries Limited(KOIL)      
Kohinoor Spinning Mills Limited    (KOSM)

Hamid bro,
stjt is showing some weakness this week,
Q1 report is pessimistic though eps still above Rs 3.50,
is this a buying oppurtunity or further ` wait and c ` approach preferable
many thanks in advance,
u r our textile sector Guru
Good exercise, many will benifit.
Title: Re: Textile Sector
Post by: Salammembers on January 24, 2013, 09:18:15 PM
tu phir dfsm below 3 buy karaay?





3 paar re-entry ki,
shown increase in turnover in the last 2 sessions,
i think its low risk kachra if bought below Rs 3
personal exit range 3.5-4.10
Title: Re: Textile Sector
Post by: asianstock on January 24, 2013, 11:51:42 PM
Laaoooooooooooooooooooooo Textile

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1146909:textile-exports:-growth-prospects-hinge-on-proper-energy-supply/
Title: Re: Textile Sector
Post by: asianstock on January 26, 2013, 08:05:19 PM
Open Gas Supply to All Punjab Textile Industry From 1st FEB...

Laaaaooooooooooooooooo Maaaaaaaaaaaaaaaaallllllllllllllllllllllll

(http://jang.com.pk/jang/jan2013-daily/26-01-2013/updates/1-26-2013_134366_1.gif)
Title: Re: Textile Sector
Post by: asianstock on January 26, 2013, 08:06:31 PM
(http://jang.com.pk/jang/jan2013-daily/26-01-2013/updates/1-26-2013_134381_1.gif)
Title: Re: Textile Sector
Post by: Salammembers on January 27, 2013, 04:43:24 AM
tu phir dfsm below 3 buy karaay?





3 paar re-entry ki,
shown increase in turnover in the last 2 sessions,
i think its low risk kachra if bought below Rs 3
personal exit range 3.5-4.10


http://www.dailytimes.com.pk/default.asp?page=2013\01\27\story_27-1-2013_pg5_4

I think dfsm satta will gather momemtum from monday-pl note word `satta`
Title: Re: Textile Sector
Post by: Hamid Mamraiz on January 27, 2013, 06:19:00 PM
tu phir dfsm below 3 buy karaay?





3 paar re-entry ki,
shown increase in turnover in the last 2 sessions,
i think its low risk kachra if bought below Rs 3
personal exit range 3.5-4.10

In next textile rally DFSM can easily cross 5 .....
Title: Re: Textile Sector
Post by: asianstock on January 27, 2013, 06:54:17 PM
tu phir dfsm below 3 buy karaay?



3 paar re-entry ki,
shown increase in turnover in the last 2 sessions,
i think its low risk kachra if bought below Rs 3
personal exit range 3.5-4.10

In next textile rally DFSM can easily cross 5 .....


@Hamid bahi -- I am focusing on CML.. NML.. NCL.... Any idea about target price.. but DFSM and ANL good for satta rally.
Title: Re: Textile Sector
Post by: Salammembers on January 27, 2013, 07:26:19 PM
Hamid bro, dfsm ki rally shroo haay, pl stjt ki recent weakness paaar views daay, kia accumulate karoo?
Title: Re: Textile Sector
Post by: Hamid Mamraiz on January 28, 2013, 04:17:09 PM
Hamid bro, dfsm ki rally shroo haay, pl stjt ki recent weakness paaar views daay, kia accumulate karoo?
STJT ka Q2 ziada acha nahi hota... at least from last 2 years keh Q2 results aisa he dekha rhay hain... May be Q2 ka result kuch ziada acha na ho to  is wajha se neechay aya hua ho....
Title: Re: Textile Sector
Post by: Valueestimator on January 28, 2013, 10:59:42 PM
strong buy call for REWM, target 35 by end of Feb 13 insha ALLAH.

EPS of 3 expected for the quarter.
Title: Re: Textile Sector
Post by: clearcrystle1 on January 28, 2013, 11:28:55 PM
strong buy call for REWM, target 35 by end of Feb 13 insha ALLAH.

EPS of 3 expected for the quarter.

 Brother what percentage of total portfolio you suggest??
Title: Re: Textile Sector
Post by: Salammembers on January 29, 2013, 12:18:34 AM
Hamid bro, dfsm ki rally shroo haay, pl stjt ki recent weakness paaar views daay, kia accumulate karoo?
STJT ka Q2 ziada acha nahi hota... at least from last 2 years keh Q2 results aisa he dekha rhay hain... May be Q2 ka result kuch ziada acha na ho to  is wajha se neechay aya hua ho....
  ok , many thanks hamid bro best wishes salammembers
Title: Re: Textile Sector
Post by: SBM on January 29, 2013, 06:42:52 PM

Cotton futures traded in China’s Zhengzhou climbed the most in a year after government purchases reduced the supply in the local market.

Cotton for May delivery advanced 2.6 percent to 20,385 yuan ($3,273) a metric ton on the Zhengzhou Futures Exchange, the biggest gain at close since Feb. 1, 2012. The most-active contract is headed for a 7.6 percent gain this month, the most in two years.

The Chinese government bought record quantities of cotton in the last two years to protect domestic far [...]

Read the full story at http://www.bloomberg.com/news/2013-01-29/cotton-futures-in-china-surge-as-state-purchases-reduce-supplies.html
Title: Re: Textile Sector
Post by: Farzooq on January 30, 2013, 05:03:44 PM

Textiles: Changing fortunes China yarn demand driving another spinning boom

China yarn demand driving another spinning boom: Textile spinning sector is set for a stellar earnings performance this year on the back of substantial improvement in yarn margins driven by higher yarn demand from China coupled with muted rise in cotton prices due to ample cotton availability. Yarn primary margins during 1HFY13 were up 29% YoY, despite shrinkage in discount of Pakistan’s cotton to international prices by 15pp YoY. Pakistan’s yarn exports in USD terms during 1HFY13 are up 43% YoY. We expect higher volume / margin scenario to continue beyond FY13, as Chinese government is likely to continue its pro farmer policies.
Significant gains likely for Pakistan from China’s transition to higher value sectors: China, which commands 34.3% share in global textile trade, would likely weaken as a textile competitor going forward due to rising labor costs and lack of government support, because of it being a sector with low value addition. This would constitute a key positive for Pakistani textile sector over the next decade. Due to China’s one child policy, its labor force is expected to start declining in 2013 due to population ageing. With rising per capita incomes and living standards, labor cost in China is also rising. This would force Chinese economy to discontinue low value added sectors and move into industries with higher value addition.
Spinning segment earnings to sustain through 2QFY13: Spinning industry’s profitability is likely to improve further during 2QFY13, as yarn primary margins are up 15% QoQ. While core spinning units shall be the key beneficiaries, NCL and NML shall also benefit due to a significant chunk of sales - 54% for NCL and 25% for NML - from the spinning segment.
Value added segments have had a decent run: Value added textile sector has not fared badly despite strong yarn prices. NCL’s and NML’s value added segment’s combined profitability grew by 24% YoY in 1QFY13, driven mainly by home textile segment. Likely lower cotton prices over the medium term would also help expand value added segments margins. Further gains shall accrue from Autonomous Traded Preferences (ATPs) implemented from November 15th, 2012 and Pakistan’s potential entry into EU GSP plus.
Much stronger 2Q earnings in the offing: We expect substantial improvement in profitability of textile companies during Oct-Dec’12 quarter, driven by higher yarn margins. We expect a much stronger increase in NCL’s bottom line due to sharp jump in other income. Also, NCL was able to reduce its cotton cost by 4% from the previous quarter. We expect NCL’s EPS to rise 40% QoQ to PKR3.17, whereas NML’s EPS shall rise 34% QoQ to PKR4.04.
Prefer composites due to diversified risk profile: With balanced risk return profile at each rung of the value chain, we prefer the advantage of diversification offered by composite units and thus like NML and NCL. Both offer an added benefit of sizable investment portfolio earnings that comprise 53% and 61% of bottom lines respectively.
Attractive valuations: NCL is our top pick in the textile sector. We recommend a buy based on our Dec-13 PT of PKR48 per share, an upside of 29% over current market price. NCL is trading at FY13E PER of 3.6x. We recommend a buy on NML based on our Dec-13 PT of PKR81 per share, which offers an upside of 28%. NML trades at FY13E PER of 4.3x.
Title: Re: Textile Sector
Post by: Salammembers on February 04, 2013, 11:40:41 PM
Hamid bhai,
crtm turnover finally up,
pl guide about crtm FV/exit point,
i started buying when it was 11
and bought more on every UL
want to offload some quantity
thanks and regards
15 now ESTABLISED as S1,
still holding good quantity,
for me remains a buy below 16 though Group
Reputation not Good ,however AH Group representation on board gives bit of comfort,
if u believe textile sector will deliver this year then crtm worth a bet below 16
CRTM looks good... But aik kaam karo... on every upper cap kuch sell kartay raho... Profit booking sehat keh liye ache hote hai...
Title: Re: Textile Sector
Post by: asianstock on February 05, 2013, 12:03:02 AM
Kindly Please tell me any one about the Board Meeting and Results Dates for these stock.... DFSM.... CML... AMTEX..DSIL.. Where is the best time to exit from these stock...

Any comments on above stocks are highly appreciated.. Thanks..


Title: Re: Textile Sector
Post by: omer8080 on February 06, 2013, 07:59:21 AM
Uninterrupted power supply to textile mills in Punjab from today


LAHORE: Uninterrupted power supply to the textile mills on independent feeders in Punjab is being restored with effect from today (February 6, 2013).
Chairman All Pakistan Textile Mills Association (APTMA) Punjab zone Shahzad Ali Khan said Ministry of Water and Power had assured of restoring electricity supply to textile mills in Punjab in first week of February.
The matter was brought to the notice of President Asif Ali Zardari by the APTMA on telephone who immediately took notice and directed concerned authorities to honour the commitment without any delay.
The spokesman of the Ministry while talking to Daily Times confirmed 24 hours power supply of the APTMA would be restored from today.
Accordingly the Ministry assured of restoring the supply from February 6 onwards. APTMA leadership from Punjab and Sindh called on President Asif Ali Zardari in Karachi to brief him the problems faced by the industry in Punjab due to complete shut down since December 22, 2012. The APTMA leader told the President the Ministry had suspended power supply on December 22 completely and dishonored its assurance with the Prime Minister of supply 16 hours a day electricity from January 1, 2013.
President directed the Ministry to ensure 16 hours power supply without delay and further required uninterrupted power supply for 24 hours a day in first week of February when additional generation would be added to the system with restoration of hydel generation.
The Ministry later on followed the instructions in letter and spirit and kept on supply electricity for two shifts to the mills in Punjab. However there would be no need of closing one shift from February 6 onwards as there would be uninterrupted power supply to the textile mills on independent feeders in Punjab. This uninterrupted power supply will help the industry to operate 24/7 and add more to the exports and employment of the country.
Chairman APTMA Punjab said the APTMA management has welcomed the decision and lauded the Asif Ali Zardari for showing concerns about problems of the textile industry. staff report http://www.dailytimes.com.pk/default.asp?page=2013\02\06\story_6-2-2013_pg5_3
Title: Re: Textile Sector
Post by: asim.786 on February 06, 2013, 08:04:53 PM
Punjab Textile Gas chalo from tomorrow Lao punjab ke textile
Title: Re: Textile Sector
Post by: asianstock on February 06, 2013, 11:12:39 PM
Punjab Textile Gas chalo from tomorrow Lao punjab ke textile


ab to Textile Heee Textile hona chahiaya this month......  Maybe tomorrow would be a good show in textile sector
Title: Re: Textile Sector
Post by: Salammembers on February 08, 2013, 12:16:17 PM
Kindly Please tell me any one about the Board Meeting and Results Dates for these stock.... DFSM.... CML... AMTEX..DSIL.. Where is the best time to exit from these stock...

Any comments on above stocks are highly appreciated.. Thanks..

I intend to sell 50% above 3.70 and 25% around 4
,might gamble on rest until the board meeting,
koi member mentioned AKD  dfsm tgt of 6 but i usually exit well in advance
Title: Re: Textile Sector
Post by: Intellectual on February 10, 2013, 10:41:53 AM
Pakistan Textile Sector: There is life beyond the Nishats! – AKD Research

 By: Muhammad Farid Alam, FCA
Chief Executive Officer, AKD Securities Limited
Pakistan Textile Sector: The purpose of this analysis is to identify textile plays beyond the actively covered NML and NCL. Despite having the most companies listed at the KSE (166 out of 572), the textile sector is one of the most illiquid sectors, which coupled with historically low payouts has manifested in low volumes as well as steep valuation multiples discount to the benchmark KSE-100.


With the ongoing yarn bonanza, we believe that there are companies in the sector, particularly yarn plays, that merit attention despite stellar outperformance over the last year. Within this backdrop, we have screened textile companies outside of the Nishat group companies that have potential for relative outperformance. Some companies with strong performance may have been filtered out due to our selection criteria:

i.        Dividend Payouts: Payouts in at least two of the last three years. We have also included certain companies subjectively despite no dividend history on a pure robust earnings outlook.

ii.        Liquidity: Stocks having relatively better liquidity as measured by: 1) free float (min 20%),  2) avg. daily traded volume and value of at least ~10k shares and ~PkR0.25mn, respectively. However we are of the view that for companies with regular dividend payouts, free float criteria may be compromised

iii.        Result Outlook: We expect a strong bottomline performance in FY13 from companies with a high concentration in yarn manufacturing.  Favorable spinning dynamics in our view are expected to continue meriting upward rerating for companies.

iv.        Valuation Multiples: Undemanding valuation metrics relative to past three year mean multiples as well as relative placement against market multiples.

Pakistan Textile Sector: Using FY13F P/E ratios as our valuation yardstick, we highlight Sally Textiles (SLYT), Saif Textiles (SAIF) and Suraj Textile (SURC) with the highest potential for outperformance.

We hope that screening undertaken by our research enables you to identify an actionable idea to capitalize on returns with the recent favorable turn in textile sector dynamics.

 

 
Title: Re: Textile Sector
Post by: Hamid Dharki on February 10, 2013, 06:24:29 PM
Looks as if one reason to select these companies is that name of all start with  "S".
Title: Re: Textile Sector
Post by: Valueestimator on February 10, 2013, 08:30:59 PM
Pakistan Textile Sector: There is life beyond the Nishats! – AKD Research

 By: Muhammad Farid Alam, FCA
Chief Executive Officer, AKD Securities Limited
Pakistan Textile Sector: The purpose of this analysis is to identify textile plays beyond the actively covered NML and NCL. Despite having the most companies listed at the KSE (166 out of 572), the textile sector is one of the most illiquid sectors, which coupled with historically low payouts has manifested in low volumes as well as steep valuation multiples discount to the benchmark KSE-100.


With the ongoing yarn bonanza, we believe that there are companies in the sector, particularly yarn plays, that merit attention despite stellar outperformance over the last year. Within this backdrop, we have screened textile companies outside of the Nishat group companies that have potential for relative outperformance. Some companies with strong performance may have been filtered out due to our selection criteria:

i.        Dividend Payouts: Payouts in at least two of the last three years. We have also included certain companies subjectively despite no dividend history on a pure robust earnings outlook.

ii.        Liquidity: Stocks having relatively better liquidity as measured by: 1) free float (min 20%),  2) avg. daily traded volume and value of at least ~10k shares and ~PkR0.25mn, respectively. However we are of the view that for companies with regular dividend payouts, free float criteria may be compromised

iii.        Result Outlook: We expect a strong bottomline performance in FY13 from companies with a high concentration in yarn manufacturing.  Favorable spinning dynamics in our view are expected to continue meriting upward rerating for companies.

iv.        Valuation Multiples: Undemanding valuation metrics relative to past three year mean multiples as well as relative placement against market multiples.

Pakistan Textile Sector: Using FY13F P/E ratios as our valuation yardstick, we highlight Sally Textiles (SLYT), Saif Textiles (SAIF) and Suraj Textile (SURC) with the highest potential for outperformance.

We hope that screening undertaken by our research enables you to identify an actionable idea to capitalize on returns with the recent favorable turn in textile sector dynamics.

all these companies have made a loss during last year at least sally and suraj. but look at fasm which has not shown a loss during last 10 years.
Title: Re: Textile Sector
Post by: SBM on February 10, 2013, 09:18:22 PM
Pakistan Textile Sector: There is life beyond the Nishats! – AKD Research

 By: Muhammad Farid Alam, FCA
Chief Executive Officer, AKD Securities Limited
Pakistan Textile Sector: The purpose of this analysis is to identify textile plays beyond the actively covered NML and NCL. Despite having the most companies listed at the KSE (166 out of 572), the textile sector is one of the most illiquid sectors, which coupled with historically low payouts has manifested in low volumes as well as steep valuation multiples discount to the benchmark KSE-100.


With the ongoing yarn bonanza, we believe that there are companies in the sector, particularly yarn plays, that merit attention despite stellar outperformance over the last year. Within this backdrop, we have screened textile companies outside of the Nishat group companies that have potential for relative outperformance. Some companies with strong performance may have been filtered out due to our selection criteria:

i.        Dividend Payouts: Payouts in at least two of the last three years. We have also included certain companies subjectively despite no dividend history on a pure robust earnings outlook.

ii.        Liquidity: Stocks having relatively better liquidity as measured by: 1) free float (min 20%),  2) avg. daily traded volume and value of at least ~10k shares and ~PkR0.25mn, respectively. However we are of the view that for companies with regular dividend payouts, free float criteria may be compromised

iii.        Result Outlook: We expect a strong bottomline performance in FY13 from companies with a high concentration in yarn manufacturing.  Favorable spinning dynamics in our view are expected to continue meriting upward rerating for companies.

iv.        Valuation Multiples: Undemanding valuation metrics relative to past three year mean multiples as well as relative placement against market multiples.

Pakistan Textile Sector: Using FY13F P/E ratios as our valuation yardstick, we highlight Sally Textiles (SLYT), Saif Textiles (SAIF) and Suraj Textile (SURC) with the highest potential for outperformance.

We hope that screening undertaken by our research enables you to identify an actionable idea to capitalize on returns with the recent favorable turn in textile sector dynamics.
http://issuu.com/investorguide/docs/textile_sector_there_is_life_beyond_the_nishats__a/1

they are about like 10 months late.  uuu
Title: Re: Textile Sector
Post by: Hamid Mamraiz on February 12, 2013, 01:28:37 PM
Hamid bro, dfsm ki rally shroo haay, pl stjt ki recent weakness paaar views daay, kia accumulate karoo?
STJT ka Q2 ziada acha nahi hota... at least from last 2 years keh Q2 results aisa he dekha rhay hain... May be Q2 ka result kuch ziada acha na ho to  is wajha se neechay aya hua ho....
STJT mein parties ne aaj maal uthaa lia hai.... 01 feb ko bhe maal uthaa thaa.... i hope now it will move in coming textile rally
Title: Re: Textile Sector
Post by: Salammembers on February 12, 2013, 01:36:17 PM
Thanks,
neend maay 33 paar kuch buy kia tha
but exit karoo Ga :tongue:
Title: Re: Textile Sector
Post by: Farzooq on February 13, 2013, 10:39:01 PM
AKD Daily

Good times for spinners; getting better?

Good times for the spinning segment are likely to get even better in the coming days as cotton prices are on the upswing, driven by expectations of a fall in global inventory next year amidst an expected reduction in area under cultivation. Moreover, according to the recently released USDA cotton report, high demand for cotton from China has resulted in upward revision of cotton exports from major exporters including USA, Brazil and Australia. As a result, USDA has revised its  estimate for cotton imports by China upwards by 1.5mn bales. With the discount of local cotton prices to Cotlook A converging to the historical level of ~18%, we see margin accretion for yarn intensive textile mills. We have have an Accumulate stance on NML with a TP of PkR74/share, while we will be looking to update our investment case for NCL shortly. .

Key takeaways from USDA Feb'13 cotton report: According to the recently released USDA cotton report, high demand for cotton from China has resulted in upward revision of cotton export estimates from major exporters including USA, Brazil and Australia. Specifically, USDA has revised its estimate for cotton imports by China upwards by 1.5mn bales to 14mn bales. Higher exports from the US will result in a lower US ending inventory, however overall global consumption and ending inventory estimates remained virtually unchanged from last month. USDA has revised Pakistan's cotton production estimates downwards by 0.4mn bales to 9.6mn bales (12.3mn bales based on 170kg/bale) for FY13, while increasing import estimates to 2.5mn bales.

China update: Chinese policies remain the biggest factor influencing international cotton prices. The Chinese government has procured upto 88% of this year's production for the state cotton reserve, while Chinese cotton ending inventory is expected to increase to 42.6mn bales (125% of current year production) by the end of the current marketing year. The purchase of cotton for the Chinese state reserve has reduced the availability of cotton in the open market, where it was expected that Chinese textile mills would meet cotton requirements from government stockpiles. However, cotton made available through auction from the stockpiles was of low quality, where higher quality int'l cotton was available at roughly the same price. This drove demand for cotton imports by Chinese textile mills. In the absence of higher quality cotton being made available from the state reserves demand for int'l cotton is likely to continue supporting cotton prices. However, we could see a change in this dynamic if the Chinese Government starts making higher quality cotton available.            .

Cotton acreage set to fall: Farmers in US and elsewhere are expected to switch to corn and soybean next year based on the higher prices of corn and soybean. According to the University of Arkansas Division of Agriculture farmers in the US can earn as much as US$385 and US$320 per acre on corn and soybean respectively next year compared to only US$200 per acre on cotton despite the recent price rally. International Cotton Advisory Committee estimates that there may be a decline of as much as 7% in cotton acerage, which would lead to lower production in the next marketing year for cotton. If the demand from China remains at current levels we may see a decline in the global cotton inventory next year, the first decrease in 4 years.

Local Cotton and Implications for the textile sector: Discount of local cotton to Cotlook A has increased to 15.6% in Feb'13 from 12.5% in Jan'13. The discount appears to be converging to its historical levels of close to ~18% as buyers appear to be unwilling to pay higher prices for low quality cotton while weaker PkR has also added to the discount. This increase in the discount could lead to margin accretion for yarn intensive textile mills as int'l yarn prices increase in tandem with cotton prices. PkR depreciation will provide further support to domestic textile mills. We currently have an Accumulate stance on NML at our TP of PkR74/share while, the investment case for NCL is under review and will be updated shortly.
Title: Re: Textile Sector
Post by: Salammembers on February 14, 2013, 12:10:35 AM
Hamid bro, dfsm ki rally shroo haay, pl stjt ki recent weakness paaar views daay, kia accumulate karoo?
STJT ka Q2 ziada acha nahi hota... at least from last 2 years keh Q2 results aisa he dekha rhay hain... May be Q2 ka result kuch ziada acha na ho to  is wajha se neechay aya hua ho....
STJT mein parties ne aaj maal uthaa lia hai.... 01 feb ko bhe maal uthaa thaa.... i hope now it will move in coming textile rally

Hamid bro,
kidhar sell karna haay? thanks
Title: Re: Textile Sector
Post by: TechGuru on February 14, 2013, 02:11:36 PM
What is expected earning of SAIF?
Title: Re: Textile Sector
Post by: Hamid Mamraiz on February 14, 2013, 02:55:40 PM
Hamid bro, dfsm ki rally shroo haay, pl stjt ki recent weakness paaar views daay, kia accumulate karoo?
STJT ka Q2 ziada acha nahi hota... at least from last 2 years keh Q2 results aisa he dekha rhay hain... May be Q2 ka result kuch ziada acha na ho to  is wajha se neechay aya hua ho....
STJT mein parties ne aaj maal uthaa lia hai.... 01 feb ko bhe maal uthaa thaa.... i hope now it will move in coming textile rally

Hamid bro,
kidhar sell karna haay? thanks
Wait for textile rally after results... it should touch 45
Title: Re: Textile Sector
Post by: Salammembers on February 15, 2013, 12:34:49 AM
Hamid bro,
u r fantastic,
always reply/respond 2 my request
ALLAH aap ki hifazat karaay
and hamaisha khus rakhaay

dfsm ki news positive haay,
i did sell 70% quantity today inspite of my broker fierce opposition,
uss ki report Rs 8 ka tgt bolti haay
but mujhay iss waqt yeh buy nahi Hold lagta haay,
intend 2 re-enter at some point preferably  below 3.50
Title: Re: Textile Sector
Post by: malikk on February 15, 2013, 03:32:32 AM
waiting for 2nd qtr result for cml ... atleast 7 tu jana chayeah if the eps is around 0.65 to 0.70  :good
Title: Re: Textile Sector
Post by: asim.786 on February 23, 2013, 08:18:03 AM

ECC allowed clearance of 59 consignments of CNG cylinders and kits that influential people had imported despite the ban. PHOTO: FILE
The federal government succumbed on Thursday to influence from the textile lobby as it moved the captive power industry up the priority list for gas allocation, contradicting the federal cabinet’s earlier decision.
In his capacity as chairman of the Economic Coordination Committee (ECC) of the cabinet, newly appointed Finance Minister Saleem Mandviwala took many decisions in Thursday’s meeting which supplanted the judgments of the federal cabinet and his predecessor Hafeez Shaikh.
According to key officials who attended the ECC meeting, the proceedings set the stage for influential lobbies to take advantage of the fluid situation and many more decisions are expected to come before the government completes its constitutional term in the next three weeks. Seemingly in a hurry, Mandviwala also called the next ECC meeting on Tuesday, officials confirmed.
Mandviwala replaced Shaikh as finance minister earlier this week after the latter was reportedly ousted by the president.
While overruling a decision of the federal cabinet, the ECC amended the Natural Gas Load Management Plan, moved captive power plants up to third priority – one notch up from its earlier position. Captive power plants had earlier been given fourth priority, alongside the cement sector.
The federal cabinet had given first priority to domestic and commercial sectors. The power sector had been accorded second priority, followed by general industries at third and captive power plants and the cement sector at fourth priority. The CNG sector was accorded the last place on the priority list.

An official of the Ministry of Petroleum and Natural resources insisted that captive power plants had erroneously been placed at the second last position in the minutes of the cabinet meeting.
However, sources claimed that the finance minister and the adviser to the prime minister on petroleum had a one-on-one meeting prior to the ECC meeting. They added that the ECC was used as a ‘rubber stamp’ and almost all the decisions were made without any discussion. Apart from one, all decisions were made on petroleum ministry requests or summaries.
While superseding the decision taken by the ECC under former finance minister Dr Abdul Hafeez Shaikh, Mandviwala ordered the reopening of the import of CNG cylinders and kits, which the government had banned to discourage the use of gas.
In a paradoxical summary, the petroleum ministry wrote the import will further put pressure on gas resources but the move was necessary to promote the export of CNG kits. It also allowed clearance of 59 consignments of CNG cylinders and kits that influential people had imported despite the ban. The officials claimed that an Italian company and importers paid huge money in kickbacks.
The groups which will benefit from the decision include Messes Mehr Brothers Ltd, M/S Zam Zam Gas, M/S Cres Resource, M/S Gas Inn, M/S Madni CNG, M/S Seven Star CNG station and M/S Satelite Gas 2. The Italian firm M/S Landi Renzo Pakistan is engaged in the manufacturing and assembly of CNG kits.
Published in The Express Tribune, February 23rd, 2013.
Title: Re: Textile Sector
Post by: asianstock on February 23, 2013, 03:54:37 PM
Laoooooooooooooooooooooooooo.. Laooooooooooooooooooooooooooooooo Textile Rally....
Title: Re: Textile Sector
Post by: sh_bangash on February 23, 2013, 03:59:51 PM
Dear 'asianstock',

Please recommend some stocks in textile that are suitable for buy as of now to take advantage of this rally.

regards,
Sh.
Title: Re: Textile Sector
Post by: Hamid Mamraiz on February 23, 2013, 04:19:14 PM
Dear 'asianstock',

Please recommend some stocks in textile that are suitable for buy as of now to take advantage of this rally.

regards,
Sh.

NML, NCL, REWM, BNWM, FASM, KTML, ELSM etc. these are all good stocks 
Title: Re: Textile Sector
Post by: asianstock on February 23, 2013, 04:58:40 PM
Dear 'asianstock',

Please recommend some stocks in textile that are suitable for buy as of now to take advantage of this rally.

regards,
Sh.

NML, NCL, REWM, BNWM, FASM, KTML, ELSM etc. these are all good stocks


Yes.. I follow Hamid Bahi and he has better ideas about textile stock..
Title: Re: Textile Sector
Post by: Salammembers on February 23, 2013, 05:17:27 PM
Kia Dll will follow engro due to dawn holding? Their wind energy project is probably shelved but regular kse satta has always brought good profit for me and probably insiders
Title: Re: Textile Sector
Post by: sh_bangash on February 23, 2013, 05:54:42 PM
Dear Hamid,

Thank you and much appreciate the response. What is your estimate in terms of numbers of months to take a gain/return of 40-50% out of these stocks. Also, if you can kindly grade them based on returns/gains, I will be obliged.


regards,
Sh.
Title: Re: Textile Sector
Post by: Salammembers on February 23, 2013, 06:03:28 PM
 uuu uuu
Kia Dll will follow engro due to dawn holding? Their wind energy project is probably shelved but regular kse satta has always brought good profit for me and probably insiders
   Q3 review positive but weakhearts need value or ouulman bro approval seal :confused1: yeh approval kaab release hoo ga depends on your luch, greedy or baay-sabaraay can buy dll below 45 on monday.i re-entered around 43 after selling my 34 walii buy above 50 on Ul  few months pehlaay and waited patiently for it to come below 45 though ideal buy price is below 40 but tezi maay entry level revise karnaay partaay haay regards salam
Title: Re: Textile Sector
Post by: omer8080 on February 24, 2013, 07:42:49 AM
Domestic sales : 2% sales tax on textile sector from Monday

* FBR chairman says zero rating sales tax to be abolished for textile sector

By Sajid Chaudhry

ISLAMABAD: The Federal Board of Revenue (FBR) will impose 2.0 percent sales tax on domestic sales of textile sector of the country from Monday by abolishing the zero rating sale tax.

This was announced by Federal Board of Revenue (FBR) Chairman Ali Arshad Hakeem on Saturday.

The FBR chairman also directed the Directorate General of Customs Intelligence to share names of 100 biggest smugglers to arrest them. These smugglers would be arrested by the customs officers under the crackdown against them. Courts are backing FBR for taking take action against the smugglers and we need to initially pick top 100 smugglers.

While addressing the inaugural session of a two-day workshop jointly organised by World Bank and FBR to chalk out a roadmap for upcoming second phase of $300 million loan under Tax Administration Reform Project II (TARP-II) here on Saturday, Hakeem also announced a reward scheme for the tax officers and strict punishments for the tax evaders particularly rich people operating out of the tax net.

Sharing key features of alternate plan of documentation of economy, the chairman said that the tax department would send notices to identified 300,000 biggest tax evaders in a bid to broaden the narrow tax base and reduce reliance of the country on foreign loans. “The finance minister has approved a summary for abolishing zero rating regime for textile sector and notification to this effect will be issued next week. The FBR will also implement a documentation plan to bring 300,000 potential tax dodgers into the tax net for collecting Rs 90 billion of which 5.0 percent will be given to the FBR’s staff as reward money,” he remarked.

During the workshop titled ‘Accelerating Tax Reform, A Real, Relevant and Owned Prospective”, the FBR chairman said that tax authorities would go after evaders and fraudulent elements and would arrest them if they continue deceiving our procedures and system. He said that an ordinance is expected to suspend CNIC of all those who would not come up by complying notices issued by the FBR to 300,000 potential tax dodgers from next month. We cannot facilitate criminals but ensure punishments to the super rich tax evaders.

He said that exemption granted in last four years have cost Rs 650 billion to national exchequer. He said that the FBR collected Rs 65 billion but issued refunds Rs 165 billion so ‘we need to work harder and work in a smarter manner for achieving the desired results’.

“We envisioned our tax system based on principles of fairness, growth and collecting revenues,” he maintained.

He said the FBR is one of the most powerful organisations in Pakistan and with reasonable grounds the FBR officers can get any information, monitor any activity, seize any assets and arrest anyone involved in fraud. “Use this power to collect taxes and build Pakistan,” he asked officers.

At the same time, he reminded tax officers to allow companies to grow because when balance sheet of companies will improve it will result into a leap forward in tax collection as well.

He said that it was simply a ‘nightmare’ and shocking to see highly narrowed tax base as only 750,000 were registered in the income tax system out of 180 million population, only 100 companies pay 82 percent of sales tax and tax paid by one tobacco company is more than what whole salaried class pay to the national kitty.

“With this flawed system, few people get rich and mafia takes over,” he said and added that it was failure of our taxation system by becoming irrelevant. “It is only us who can stop this,” he told his top officers.

In the presence of poor taxation system, the FBR Chairman said that what happens when we don’t collect taxes then children of this country will remain without a future, thousands will continue facing deaths, reliance on foreign countries for aid will continue by having no option to follow their policies and load shedding will remain hovering on the economic horizon of the country. The major jump in tax-to-gross domestic product ratio up to 15 percent would ensure provision of free primary education, universal healthcare, working justice system and food security could be ensured for all citizens of the country.

Hakeem said that 86 percent tariff lines and 44 percent of the value of imports were affected by discretionary SRO regime on customs side while sales tax was possessed with exemptions, zero rating and tax frauds. On income tax side, he shared that the base was quite narrow and exemptions of agriculture and foreign remittances were major source of distortion in the system and the government would have to think to overcome loophole in case of remittances without impacting genuine people.

The human resource issues, he said, destroyed the FBR and they would re-organise the tax machinery where crackdown will be launched against biggest 100 smugglers, arrest fraudsters and simplifying system and procedures.

http://www.dailytimes.com.pk/default.asp?page=2013\02\24\story_24-2-2013_pg5_1
Title: Re: Textile Sector
Post by: Hamid Mamraiz on February 24, 2013, 02:18:03 PM
Domestic sales : 2% sales tax on textile sector from Monday

* FBR chairman says zero rating sales tax to be abolished for textile sector

By Sajid Chaudhry

ISLAMABAD: The Federal Board of Revenue (FBR) will impose 2.0 percent sales tax on domestic sales of textile sector of the country from Monday by abolishing the zero rating sale tax.

This was announced by Federal Board of Revenue (FBR) Chairman Ali Arshad Hakeem on Saturday.

The FBR chairman also directed the Directorate General of Customs Intelligence to share names of 100 biggest smugglers to arrest them. These smugglers would be arrested by the customs officers under the crackdown against them. Courts are backing FBR for taking take action against the smugglers and we need to initially pick top 100 smugglers.

While addressing the inaugural session of a two-day workshop jointly organised by World Bank and FBR to chalk out a roadmap for upcoming second phase of $300 million loan under Tax Administration Reform Project II (TARP-II) here on Saturday, Hakeem also announced a reward scheme for the tax officers and strict punishments for the tax evaders particularly rich people operating out of the tax net.

Sharing key features of alternate plan of documentation of economy, the chairman said that the tax department would send notices to identified 300,000 biggest tax evaders in a bid to broaden the narrow tax base and reduce reliance of the country on foreign loans. “The finance minister has approved a summary for abolishing zero rating regime for textile sector and notification to this effect will be issued next week. The FBR will also implement a documentation plan to bring 300,000 potential tax dodgers into the tax net for collecting Rs 90 billion of which 5.0 percent will be given to the FBR’s staff as reward money,” he remarked.

During the workshop titled ‘Accelerating Tax Reform, A Real, Relevant and Owned Prospective”, the FBR chairman said that tax authorities would go after evaders and fraudulent elements and would arrest them if they continue deceiving our procedures and system. He said that an ordinance is expected to suspend CNIC of all those who would not come up by complying notices issued by the FBR to 300,000 potential tax dodgers from next month. We cannot facilitate criminals but ensure punishments to the super rich tax evaders.

He said that exemption granted in last four years have cost Rs 650 billion to national exchequer. He said that the FBR collected Rs 65 billion but issued refunds Rs 165 billion so ‘we need to work harder and work in a smarter manner for achieving the desired results’.

“We envisioned our tax system based on principles of fairness, growth and collecting revenues,” he maintained.

He said the FBR is one of the most powerful organisations in Pakistan and with reasonable grounds the FBR officers can get any information, monitor any activity, seize any assets and arrest anyone involved in fraud. “Use this power to collect taxes and build Pakistan,” he asked officers.

At the same time, he reminded tax officers to allow companies to grow because when balance sheet of companies will improve it will result into a leap forward in tax collection as well.

He said that it was simply a ‘nightmare’ and shocking to see highly narrowed tax base as only 750,000 were registered in the income tax system out of 180 million population, only 100 companies pay 82 percent of sales tax and tax paid by one tobacco company is more than what whole salaried class pay to the national kitty.

“With this flawed system, few people get rich and mafia takes over,” he said and added that it was failure of our taxation system by becoming irrelevant. “It is only us who can stop this,” he told his top officers.

In the presence of poor taxation system, the FBR Chairman said that what happens when we don’t collect taxes then children of this country will remain without a future, thousands will continue facing deaths, reliance on foreign countries for aid will continue by having no option to follow their policies and load shedding will remain hovering on the economic horizon of the country. The major jump in tax-to-gross domestic product ratio up to 15 percent would ensure provision of free primary education, universal healthcare, working justice system and food security could be ensured for all citizens of the country.

Hakeem said that 86 percent tariff lines and 44 percent of the value of imports were affected by discretionary SRO regime on customs side while sales tax was possessed with exemptions, zero rating and tax frauds. On income tax side, he shared that the base was quite narrow and exemptions of agriculture and foreign remittances were major source of distortion in the system and the government would have to think to overcome loophole in case of remittances without impacting genuine people.

The human resource issues, he said, destroyed the FBR and they would re-organise the tax machinery where crackdown will be launched against biggest 100 smugglers, arrest fraudsters and simplifying system and procedures.

http://www.dailytimes.com.pk/default.asp?page=2013\02\24\story_24-2-2013_pg5_1

Domestic Sales par tax hai... Cotton yarn mills aur Nishat Group walay apna ziada maal export kar detay hain... So not much worries
Title: Re: Textile Sector
Post by: Salammembers on February 24, 2013, 02:25:50 PM
GATM might show LL tomorrow
Title: Re: Textile Sector
Post by: Muhammad Fahad on February 24, 2013, 08:09:08 PM
Domestic sales : 2% sales tax on textile sector from Monday

* FBR chairman says zero rating sales tax to be abolished for textile sector

By Sajid Chaudhry

ISLAMABAD: The Federal Board of Revenue (FBR) will impose 2.0 percent sales tax on domestic sales of textile sector of the country from Monday by abolishing the zero rating sale tax.

This was announced by Federal Board of Revenue (FBR) Chairman Ali Arshad Hakeem on Saturday.

The FBR chairman also directed the Directorate General of Customs Intelligence to share names of 100 biggest smugglers to arrest them. These smugglers would be arrested by the customs officers under the crackdown against them. Courts are backing FBR for taking take action against the smugglers and we need to initially pick top 100 smugglers.

While addressing the inaugural session of a two-day workshop jointly organised by World Bank and FBR to chalk out a roadmap for upcoming second phase of $300 million loan under Tax Administration Reform Project II (TARP-II) here on Saturday, Hakeem also announced a reward scheme for the tax officers and strict punishments for the tax evaders particularly rich people operating out of the tax net.

Sharing key features of alternate plan of documentation of economy, the chairman said that the tax department would send notices to identified 300,000 biggest tax evaders in a bid to broaden the narrow tax base and reduce reliance of the country on foreign loans. “The finance minister has approved a summary for abolishing zero rating regime for textile sector and notification to this effect will be issued next week. The FBR will also implement a documentation plan to bring 300,000 potential tax dodgers into the tax net for collecting Rs 90 billion of which 5.0 percent will be given to the FBR’s staff as reward money,” he remarked.

During the workshop titled ‘Accelerating Tax Reform, A Real, Relevant and Owned Prospective”, the FBR chairman said that tax authorities would go after evaders and fraudulent elements and would arrest them if they continue deceiving our procedures and system. He said that an ordinance is expected to suspend CNIC of all those who would not come up by complying notices issued by the FBR to 300,000 potential tax dodgers from next month. We cannot facilitate criminals but ensure punishments to the super rich tax evaders.

He said that exemption granted in last four years have cost Rs 650 billion to national exchequer. He said that the FBR collected Rs 65 billion but issued refunds Rs 165 billion so ‘we need to work harder and work in a smarter manner for achieving the desired results’.

“We envisioned our tax system based on principles of fairness, growth and collecting revenues,” he maintained.

He said the FBR is one of the most powerful organisations in Pakistan and with reasonable grounds the FBR officers can get any information, monitor any activity, seize any assets and arrest anyone involved in fraud. “Use this power to collect taxes and build Pakistan,” he asked officers.

At the same time, he reminded tax officers to allow companies to grow because when balance sheet of companies will improve it will result into a leap forward in tax collection as well.

He said that it was simply a ‘nightmare’ and shocking to see highly narrowed tax base as only 750,000 were registered in the income tax system out of 180 million population, only 100 companies pay 82 percent of sales tax and tax paid by one tobacco company is more than what whole salaried class pay to the national kitty.

“With this flawed system, few people get rich and mafia takes over,” he said and added that it was failure of our taxation system by becoming irrelevant. “It is only us who can stop this,” he told his top officers.

In the presence of poor taxation system, the FBR Chairman said that what happens when we don’t collect taxes then children of this country will remain without a future, thousands will continue facing deaths, reliance on foreign countries for aid will continue by having no option to follow their policies and load shedding will remain hovering on the economic horizon of the country. The major jump in tax-to-gross domestic product ratio up to 15 percent would ensure provision of free primary education, universal healthcare, working justice system and food security could be ensured for all citizens of the country.

Hakeem said that 86 percent tariff lines and 44 percent of the value of imports were affected by discretionary SRO regime on customs side while sales tax was possessed with exemptions, zero rating and tax frauds. On income tax side, he shared that the base was quite narrow and exemptions of agriculture and foreign remittances were major source of distortion in the system and the government would have to think to overcome loophole in case of remittances without impacting genuine people.

The human resource issues, he said, destroyed the FBR and they would re-organise the tax machinery where crackdown will be launched against biggest 100 smugglers, arrest fraudsters and simplifying system and procedures.

http://www.dailytimes.com.pk/default.asp?page=2013\02\24\story_24-2-2013_pg5_1

Domestic Sales par tax hai... Cotton yarn mills aur Nishat Group walay apna ziada maal export kar detay hain... So not much worries

Tax on both domestic and export sales

"In yet another significant move, the government also withdrew the zero-tax facility to the textile industry and slapped 2% sale tax on exports and domestic sales of textile products alike – a move expected to generate at least Rs25 billion annually. The move may partly offset declining revenues."

"..........On the other hand, it slapped 2% tax on all types of manufacturing irrespective of the product being exported or consumed in the domestic market."

read:
http://tribune.com.pk/story/511650/tax-hound-fbr-to-initiate-hunt-for-identified-tax-evaders/
Title: Re: Textile Sector
Post by: omer8080 on February 26, 2013, 07:42:45 AM
Textile exports up by 8.39% in 7 months of FY13

ISLAMABAD: The textile exports from the country increased by 8.39 percent during July to January 2013 of the current fiscal year as compared to the same period of last year.

During the month of January 2013, the exports of textile products increased by 8.72 percent and 0.49 percent when compared to the exports of January 2012 and December 2012 respectively, according to the data of Pakistan Bureau of Statistics (PBS). The textile exports during July-January were recorded at $7.51 billion against the exports of $6.92 billion during July-January 2011-12.

The major textile products that contributed in the positive growth in exports included cotton yarn, exports of which increased from $942.076 million last year to $1.248 billion, witnessing surge of 32.44 percent.

Similarly, the exports of yarn (other than cotton yarn) increased from $22.263 million last year to $29.271 million, showing increase of 31.48 percent.

The other textile products that witnessed increase in exports included cotton cloth, exports of which increased from $1.334 billion to $1.496 billion, an increase of 12.16 percent while exports of towels increased from $376.902 million to $444.829 million, showing increase of 18.02 percent.

The exports of tents, canvas and tarpaulin also witnessed increase of 35.15 percent by going up from $50.274 million to 67.936 million while exports of ready-made garments increased by 12.51 percent, from $938.591 million to $1.058 billion.

Exports of knitwear increased by 0.92 percent, from $1.197 billion to $1.208 billion while exports of art, silk and synthetic textile decreased by 17.73 percent, from $307.503 million to $252.986 million.

The textile products witnessed negative growth in exports included raw cotton, exports of which decreased by 58.57 percent by going down from $208.708 million to $90.642 million.

Similarly, the exports of cotton carded or combed decreased from $7.94 million to $1.228 million, showing negative growth of 84.53 percent while bedwear exports declined from $1.082 billion to $1.021 billion, showing decrease of 3.8 percent.

The exports of made up articles (excluding towels bedwear) increased by 6.81 percent by going up from $322.878 million to $344.877 million.

The exports of all other textile materials however increased from $158.251 million to $248.144 million, showing surge of 58.8 percent. app

http://www.dailytimes.com.pk/default.asp?page=2013\02\26\story_26-2-2013_pg5_11
Title: Re: Textile Sector
Post by: Salammembers on February 26, 2013, 01:17:22 PM
uuu uuu
Kia Dll will follow engro due to dawn holding? Their wind energy project is probably shelved but regular kse satta has always brought good profit for me and probably insiders
   Q3 review positive but weakhearts need value or ouulman bro approval seal :confused1: yeh approval kaab release hoo ga depends on your luch, greedy or baay-sabaraay can buy dll below 45 on monday.i re-entered around 43 after selling my 34 walii buy above 50 on Ul  few months pehlaay and waited patiently for it to come below 45 though ideal buy price is below 40 but tezi maay entry level revise karnaay partaay haay regards salam

Strong UL  :tongue: but pl remember this scrip too victim of insider trading though turnover too small at present to suggest
any insider led satta, kuch private badshah loog  among junta b Group bana kaar buy low-sell high in low turnover scrip, who knows
hum maay saay kitnaay iss tarah k groups k member haay :skeptic:
Title: Re: Textile Sector
Post by: Salammembers on February 28, 2013, 01:58:35 PM
Rs 5 div free lagta haay Inshallah,
strong hold due to DAWH holding,
55 tu khappay even if mkt is mixed,
lets c
Title: Re: Textile Sector
Post by: Salammembers on March 05, 2013, 10:22:58 AM
Rs 5 div free lagta haay Inshallah,
strong hold due to DAWH holding,
55 tu khappay even if mkt is mixed,
lets c
  55 tu kaal millay ga :dance  , aab tu 60 tgt haay.lets c but once tgt is achieved I offload poora maal
Title: Re: Textile Sector
Post by: SBM on March 05, 2013, 11:05:27 AM
Rs 5 div free lagta haay Inshallah,
strong hold due to DAWH holding,
55 tu khappay even if mkt is mixed,
lets c
  55 tu kaal millay ga :dance  , aab tu 60 tgt haay.lets c but once tgt is achieved I offload poora maal

sir dawh is not a textile company
Title: Re: Textile Sector
Post by: Salammembers on March 05, 2013, 12:36:24 PM
Ouulman bro,
v r talking about dll-listed under textile sector,
Dll is hitting upper locks due to unexpected 50%
cash div and its dawh holding as dawh has suddenly become
mkt favourite with TP of Rs 60,
hope, i havent missed your point :confused1:
Title: Re: Textile Sector
Post by: Valueestimator on March 05, 2013, 05:35:09 PM
textile firms other than nml and ncl have potential to go up by 200% in coming 12 months similar to cement sector recovery due to buoyant profitability which is expected to continue during next 12 months.

i highlight firms such as MQTM, REWM, FASM, BNWM, SAIF, Suraj, Sally etc.
Title: Re: Textile Sector
Post by: Hamid Mamraiz on March 05, 2013, 05:39:47 PM
textile firms other than nml and ncl have potential to go up by 200% in coming 12 months similar to cement sector recovery due to buoyant profitability which is expected to continue during next 12 months.

i highlight firms such as MQTM, REWM, FASM, BNWM, SAIF, Suraj, Sally etc.

There are no chances of any textile rally in short term imo ... Ab annual result par he kuch rally banay ge ..... REWM, FASM, ELSM are best among these.
BNWM Q3 usually loss ya breakeven hota hai.... So better to wait for it after Q3 result....
Title: Re: Textile Sector
Post by: Abid_ali on March 05, 2013, 05:48:47 PM
textile firms other than nml and ncl have potential to go up by 200% in coming 12 months similar to cement sector recovery due to buoyant profitability which is expected to continue during next 12 months.

i highlight firms such as MQTM, REWM, FASM, BNWM, SAIF, Suraj, Sally etc.

There are no chances of any textile rally in short term imo ... Ab annual result par he kuch rally banay ge ..... REWM, FASM, ELSM are best among these.
BNWM Q3 usually loss ya breakeven hota hai.... So better to wait for it after Q3 result....
Yes textile boom is around the corner like cements.
Title: Re: Textile Sector
Post by: engrusama on March 05, 2013, 11:44:55 PM
textile firms other than nml and ncl have potential to go up by 200% in coming 12 months similar to cement sector recovery due to buoyant profitability which is expected to continue during next 12 months.

i highlight firms such as MQTM, REWM, FASM, BNWM, SAIF, Suraj, Sally etc.

value bro would you add Shahtaj to these firms?
Title: Re: Textile Sector
Post by: guru1 on March 06, 2013, 03:49:58 PM
dont forget MOST
Title: Re: Textile Sector
Post by: babar4289 on March 06, 2013, 11:41:18 PM
Laooo textile wapis zero rated tax
Title: Re: Textile Sector
Post by: Salammembers on March 07, 2013, 11:28:06 AM
Ouulman bro,
v r talking about dll-listed under textile sector,
Dll is hitting upper locks due to unexpected 50%
cash div and its dawh holding as dawh has suddenly become
mkt favourite with TP of Rs 60,
hope, i havent missed your point :confused1:

Hamid bro,
60 look achievable for dll but
pl share your dhiyan so i can exit
at most profitable point -for junta :tongue:
personal dhiyan and experience boolaay div free millay Ga
and insider this time below 65 maal nahi chooraay Ga
 pl do not buy dll now,it looks quite expensive and 
current tezi is based entirely on future growth/speculation

Title: Re: Textile Sector
Post by: Hamid Mamraiz on March 07, 2013, 12:48:52 PM
Ouulman bro,
v r talking about dll-listed under textile sector,
Dll is hitting upper locks due to unexpected 50%
cash div and its dawh holding as dawh has suddenly become
mkt favourite with TP of Rs 60,
hope, i havent missed your point :confused1:

Hamid bro,
60 look achievable for dll but
pl share your dhiyan so i can exit
at most profitable point -for junta :tongue:
personal dhiyan and experience boolaay div free millay Ga
and insider this time below 65 maal nahi chooraay Ga
 pl do not buy dll now,it looks quite expensive and 
current tezi is based entirely on future growth/speculation


Annual EPS = 3.94 DIVIDEND = 50% (F)

DLL is trading at very high multiples... Market condition is not good.. personally i think tomorrow should be selling day...
Title: Re: Textile Sector
Post by: Salammembers on March 08, 2013, 02:07:28 PM
jaab taak engro paar mkt bull haay
dll will resist any significant meltdown
from current mkt price, 50% cash div
too helps dll case , not a buy call
HOLD in current uncertain and bearish
mkt conditions look bit ambitious but i am
going to listen 2 my voice of experience until
60 is breached
Title: Re: Textile Sector
Post by: SBM on March 16, 2013, 08:15:44 PM
Cotton futures jumped to the highest in 11 months on speculation that China, the world’s biggest consumer, will increase imports.

The U.S. Department of Agriculture last week raised its estimate for Chinese consumption this year to 36 million bales, up by 1.4 percent from a month earlier. The USDA also boosted its forecast for the Asian nation’s imports by 7.1 percent. The Chinese government may boost import quotas by April, Reuters reported.

“Talk continues of additional Chinese cotton-impo [...]

Read the full story at http://www.bloomberg.com/news/2013-03-15/cotton-jumps-to-11-month-high-on-bets-china-use-to-rise.html
Title: Re: Textile Sector
Post by: M&M on March 16, 2013, 08:44:21 PM
Cotton futures jumped to the highest in 11 months on speculation that China, the world’s biggest consumer, will increase imports.

The U.S. Department of Agriculture last week raised its estimate for Chinese consumption this year to 36 million bales, up by 1.4 percent from a month earlier. The USDA also boosted its forecast for the Asian nation’s imports by 7.1 percent. The Chinese government may boost import quotas by April, Reuters reported.

“Talk continues of additional Chinese cotton-impo [...]

Read the full story at http://www.bloomberg.com/news/2013-03-15/cotton-jumps-to-11-month-high-on-bets-china-use-to-rise.html

could potentially rally toward US$1 per libra pondo  :D
Title: Re: Textile Sector
Post by: SBM on March 16, 2013, 09:20:33 PM
Cotton futures jumped to the highest in 11 months on speculation that China, the world’s biggest consumer, will increase imports.

The U.S. Department of Agriculture last week raised its estimate for Chinese consumption this year to 36 million bales, up by 1.4 percent from a month earlier. The USDA also boosted its forecast for the Asian nation’s imports by 7.1 percent. The Chinese government may boost import quotas by April, Reuters reported.

“Talk continues of additional Chinese cotton-impo [...]

Read the full story at http://www.bloomberg.com/news/2013-03-15/cotton-jumps-to-11-month-high-on-bets-china-use-to-rise.html

could potentially rally toward US$1 per libra pondo  :D

i wonder where the chinese will step in and provide cotton from their own stocks.
they must  have a price in mind
Title: Re: Textile Sector
Post by: M&M on March 16, 2013, 10:22:54 PM
Cotton futures jumped to the highest in 11 months on speculation that China, the world’s biggest consumer, will increase imports.

The U.S. Department of Agriculture last week raised its estimate for Chinese consumption this year to 36 million bales, up by 1.4 percent from a month earlier. The USDA also boosted its forecast for the Asian nation’s imports by 7.1 percent. The Chinese government may boost import quotas by April, Reuters reported.

“Talk continues of additional Chinese cotton-impo [...]

Read the full story at http://www.bloomberg.com/news/2013-03-15/cotton-jumps-to-11-month-high-on-bets-china-use-to-rise.html

could potentially rally toward US$1 per libra pondo  :D

i wonder where the chinese will step in and provide cotton from their own stocks.
they must  have a price in mind

they continue to release it gradually in the domestic market.
with new quotas, it's likely that they would now speed up the sale as well
this whole practice of regulating the market is to support their farmers .. it's their way of giving subsidy as i understand
Title: Re: Textile Sector
Post by: SBM on March 16, 2013, 10:53:33 PM
Cotton futures jumped to the highest in 11 months on speculation that China, the world’s biggest consumer, will increase imports.

The U.S. Department of Agriculture last week raised its estimate for Chinese consumption this year to 36 million bales, up by 1.4 percent from a month earlier. The USDA also boosted its forecast for the Asian nation’s imports by 7.1 percent. The Chinese government may boost import quotas by April, Reuters reported.

“Talk continues of additional Chinese cotton-impo [...]

Read the full story at http://www.bloomberg.com/news/2013-03-15/cotton-jumps-to-11-month-high-on-bets-china-use-to-rise.html

could potentially rally toward US$1 per libra pondo  :D

i wonder where the chinese will step in and provide cotton from their own stocks.
they must  have a price in mind

they continue to release it gradually in the domestic market.
with new quotas, it's likely that they would now speed up the sale as well
this whole practice of regulating the market is to support their farmers .. it's their way of giving subsidy as i understand

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1163825:cotton-prices-surge-on-brisk-trade-activity/?date=2013-03-16
Title: Re: Textile Sector
Post by: M&M on March 17, 2013, 10:16:40 AM
1 maund = 82.28~88.185 lb
at Rs 6,800 local and USc92 int'l price, millers still get a positive spread of around USc8~14/lb
Title: Re: Textile Sector
Post by: engrusama on March 18, 2013, 01:24:06 PM
KARACHI:

Over 29% of all companies listed on the Karachi Stock Exchange (KSE) may belong to the textile sector, but a majority of these stocks are illiquid. This is verified by the fact that only four out of the 100 companies that form the KSE-100 Index – the key benchmark of the Karachi bourse – are textile companies.

According to Arif Habib Investments Executive Vice Chairman Nasim Beg, the disproportionately high number of textile companies listed on the KSE is attributed in large part to the ‘licence raj’ of the years gone by.

“Back in the day when the country faced severe foreign exchange shortages restricting the import of heavy machinery, the government required textile and sugar mills to get listed. Since these companies enjoyed a near monopoly, the government wanted them to share their profits with the public at large,” he said, while speaking to The Express Tribune.

Subsequently, most of these textile companies allegedly started making off-the-book profits, which led to their stocks becoming illiquid.

However, the situation is changing for better of late. According to AKD Securities CEO Muhammad Farid Alam, many textile companies listed on the KSE – but not on the investors’ radar so far – now merit attention because of their high liquidity, dividend payouts and a strong results outlook.

A recent research report compiled by AKD Securities says that the price-earnings multiple of a select group of 11 textile companies listed on the KSE remained 4.3 in the first half of fiscal 2013. In contrast, the three-year average of their multiple had been only 2.2. Similarly, in terms of price performance, the year-on-year increase in the first half of fiscal 2013 has been a staggering 216%, the report says.

Pakistan’s total textile exports were Rs718 billion from July 2012 to January 2013, up 18.3% from the corresponding seven-month period in 2011-12. Interestingly, exports of cotton yarn alone spiked 44.3% to Rs119 billion over the same period, showing a disproportionate rise in yarn exports in total textile exports.

No wonder, six out of the 11 companies in AKD Securities’ textile sector snapshot are spinning mills while the rest are composite units with yarn production being one part of their manufacturing operations.

Although the recent better performance of the textile sector can be attributed to several reasons, preferential tariff arrangements with the European Union – Pakistan’s largest trading partner – have been instrumental in increasing the earnings of efficiently run textile companies.

The Generalised Scheme of Preferences (GSP) currently allows Pakistan to export textile products to the EU under a preferential tariff regime, which was extended unilaterally by the 27-member union of European nations to help developing countries increase their trade capacity.

However, GSP Plus – which is going to come into force on January 1, 2014 – requires that Pakistan ratify and implement 27 international conventions on human rights, labour rights and governance. Pakistan is trying to get the GSP Plus status, and if its efforts bear fruit, most of its textile products will gain access to the EU without any duties or quota restrictions.

Another tariff concession that helped Pakistan’s textile sector gain momentum in recent months is Autonomous Trade Preferences (ATP), which came into effect in November 2012 in response to the floods of 2010 and 2011. This scheme, which is going to last until December 31, 2013, allows Pakistan to export 75 products, mostly textile, to EU member countries without any duties.

“With the ATP already in place and GSP Plus status on the horizon, the textile sector is poised to post strong growth in coming years, particularly in the high value-added segment,” the report said.

166 Stronghold

of the 572 companies listed on the Karachi Stock Exchange belong to the textile sector, according to a research report by AKD Securities.

411.3% Potential outperformer

is the growth in earnings per share of Sally Textile Mills forecasted by AKD Securities for fiscal 2013. The company has already posted a return of 660.45% in the year to date. The mill has acquired a spinning unit on a lease for 10 years, which was fully operational in first quarter of the current fiscal year.

Rs 6800 Raw material

per maund (37.324 kilogramme) is the price of cotton in the domestic market as of March 16, 2013, up 13.3% since December 31, 2012.

39%  International demand

was the growth in Pakistan’s yarn exports on a year-on-year basis in the first half of fiscal 2013 to $1.091 billion, primarily driven by higher demand from China, said a research report by AKD securities.

219  Spreading its wings

out of 2,600 was the number of participants, which belonged to Pakistan at the  Heimtextil, the world’s biggest textile trade fair held in Germany in early January, representing the fourth largest contingent at the fair.

source : tribune.com.pk

there are other articles along with this on tribune website. very informative. and can anybody paste the AKD report mentioned above?
Title: Re: Textile Sector
Post by: engrusama on March 18, 2013, 02:01:14 PM


source : tribune.com.pk

there are other articles along with this on tribune website. very informative. and can anybody paste the AKD report mentioned above?

found it...
http://investorguide360.com/latest-economic-news/pakistan-textile-sector-there-is-life-beyond-the-nishats-akd-research/
Title: Re: Textile Sector
Post by: TechGuru on March 18, 2013, 02:47:09 PM
Pakistan is the 8th largest exporter of textile products in Asia. This sector contributes 9.5% to the GDP and provides employment to about 15 million people or roughly 30% of the 49 million workforce of the country.  Pakistan is the 4th largest producer of cotton with the third largest spinning capacity in Asia after China and India, and contributes 5% to the global spinning capacity.
For Pakistan which was one of the leading producers of cotton in the world, the development of a textile Industry making full use of its abundant resources of cotton has been a priority area towards industrialisation. At present, there are 1,221 ginning units, 442 spinning units, 124 large spinning units and 425 small units which produce textile products.
Even with so many advantages, Pakistan’s total share in global textile trade is less than 1%. To some this may seem like a depression state of affairs. But to others, it is simply an opportunity.
Published in The Express Tribune, March 18th, 2013.
Title: Re: Textile Sector
Post by: Salammembers on March 26, 2013, 11:42:56 AM
in my opinion, positives have already been factored in. Textile earnings are not very reliable and therefore, they may still keep on trading at low multiples.

Enter only after thorough fundamental research.
October yarn sales are down 16 percent MoM

Picture abhi baaki hai mere dost  :D

Abhe to Analysts ne reports mein Textile Textile karna shuru kar dia hai aur janta bhe buying mein interested nazar aa rahe hai

imho there can be some persistence in these earnings ...
i dont mind them taking their time ..
better concentrate on the quality ones . .

Gurus GATM Q2 figures not bad , kia around 20 buy karaay?
Title: Re: Textile Sector
Post by: SBM on March 26, 2013, 11:59:16 AM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1167501:two-percent-sales-tax-aptma-supports-fbr-move/?date=2013-03-26
Title: Re: Textile Sector
Post by: abeerzia on March 27, 2013, 12:32:47 PM
http://www.brecorder.com/pakistan/business-a-economy/112152-textile-exports-increase-by-655pc-to-$8483bn-in-8-months.html

Looks like Spinners are having a great time.
Title: Re: Textile Sector
Post by: Zain on March 31, 2013, 09:50:07 PM
 Textile tycoons paid over two billion rupees in taxes to the Federal Board of Revenue (FBR) in two days till March 30, official sources said.

http://www.thenews.com.pk/Todays-News-3-168414-Textile-firms-pay-Rs2bn-taxes-in-two-days
Title: Re: Textile Sector
Post by: Salammembers on April 01, 2013, 01:42:35 PM
jaab taak engro paar mkt bull haay
dll will resist any significant meltdown
from current mkt price, 50% cash div
too helps dll case , not a buy call
HOLD in current uncertain and bearish
mkt conditions look bit ambitious but i am
going to listen 2 my voice of experience until
60 is breached
     50%  cash div free lagta haay, dll use to regular insider led satta, lagta haay another round of satta started today. Annual report maay future plans boohat Grand haay, below 50 I think 500-1000 buy kaar k safe maay rakha ja sakta haay.
Title: Re: Textile Sector
Post by: Salammembers on April 03, 2013, 04:48:21 PM
Hamid bro,
u r fantastic,
always reply/respond 2 my request
ALLAH aap ki hifazat karaay
and hamaisha khus rakhaay

dfsm ki news positive haay,
i did sell 70% quantity today inspite of my broker fierce opposition,
uss ki report Rs 8 ka tgt bolti haay
but mujhay iss waqt yeh buy nahi Hold lagta haay,
intend 2 re-enter at some point preferably  below 3.50         hamid bro, kia re-entry justified now? Been my lucky scrip never given a loss. I do not c it breaking 3.20 now but this is kse where anything is possible and dfsm has risen out of ashes mainly due to sector positive sentiments, aaj 3.37 paaar kuch buy kia haay, if hanid bhai  is happy might buy more tomorrow
Title: Re: Textile Sector
Post by: stockz_123 on April 11, 2013, 01:43:34 PM
China to continue its cotton procurement policy

 

China Cotton Policy: The Chinese Government has said that it will continue to support cotton prices at the rate of CNY20,400/ton (US$1.49/lb) for the next season. In this regard, procurement will start from Sep 1’13 and continue till Mar 31’14, with no cap on quantity to be procured at the support price.

 

This will continue to provide support to international cotton prices in our view. Recall that China procured 6.15mn tons of cotton for the state cotton reserve during the Sep’12 to Mar’13 period, more than double compared to the previous year. Import demand for cotton from China is expected to go down next season as the government has implemented import quotas contingent on purchasing cotton from the state reserve in the ratio of 3:1 in favor of cotton from the state reserve.

 

Given the high prices at home, we continue to see yarn import demand from China to remain robust going forward, thereby benefitting Pakistani yarn exporters.


AKD
Title: Re: Textile Sector
Post by: SBM on April 11, 2013, 05:28:55 PM
China to continue its cotton procurement policy

 

China Cotton Policy: The Chinese Government has said that it will continue to support cotton prices at the rate of CNY20,400/ton (US$1.49/lb) for the next season. In this regard, procurement will start from Sep 1’13 and continue till Mar 31’14, with no cap on quantity to be procured at the support price.

 

This will continue to provide support to international cotton prices in our view. Recall that China procured 6.15mn tons of cotton for the state cotton reserve during the Sep’12 to Mar’13 period, more than double compared to the previous year. Import demand for cotton from China is expected to go down next season as the government has implemented import quotas contingent on purchasing cotton from the state reserve in the ratio of 3:1 in favor of cotton from the state reserve.

 

Given the high prices at home, we continue to see yarn import demand from China to remain robust going forward, thereby benefitting Pakistani yarn exporters.


AKD

 ;)
Title: Re: Textile Sector
Post by: asim.786 on April 20, 2013, 02:59:28 AM
ISLAMABAD: Textile exports from the country grew by 7.09 percent during the first nine months of current fiscal year 2012-13 as against the same period of last year.
The overall textile exports were recorded at $9.63 billion during July-March 2012-13 as against $8.993 billion during July-March 2011-12, according to data released by Pakistan Bureau of Statistics (PBS) here Thursday.
The main contributor to positive growth of the textile exports was cotton yarn, whose export surged by 29.17 percent.
Other textile commodities that witnessed positive growth included cotton cloth with 11.56 percent increase, yarn (other than cotton yarn) with 13.79 percent increase and knitwear by 2.84 percent.
During the period under review, the export of towels increased by 18.11 percent, tents, canvas and tarpaulin by 30.89 percent, readymade garments by 10.27 percent, made-up articles (excluding towels and bedwear) by 6.31 percent, bedwear by 0.09 percent and other textile materials by 44.83 percent.
The textile commodities that witnessed negative growth during the period under review included raw cotton, whose exports shrunk by 65.07 percent and cotton carded or combed by 93.86 percent and synthetic textile by 25.33 percent.
Meanwhile, the textile exports during March 2013 also witnessed a growth of 17.77 percent and 13.21 percent when compared to the exports of February 2013 and March 2012, respectively.
It is pertinent to mention here that the country’s trade deficit decreased by 4.86 percent during the first nine months of the current fiscal year as exports expanded by 5.36 percent and imports witnessed positive growth of 0.39 percent.
The overall exports from the country increased from $17.1 billion in July-March 2011-12 to $18.02 billion during July-March 2012-13, according to the data of PBS.
On the other hand, the imports increased from $33.285 billion last year to $33.414 billion during the current fiscal year, showing growth of 0.39 percent, the data revealed.
According to the data, the trade deficit during the fist nine months of current fiscal year stood at $15.34 billion against the deficit of $16.2 billion, showing negative growth of 4.86 percent. app
Title: Re: Textile Sector
Post by: SBM on April 24, 2013, 06:09:58 PM
Nagina Group Results
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=043522&pagesize=1&pageno=2
ElSM result disappointing
3q 4.73 - huge increase in tax rate behind lower than expected eps
9 month eps 22.29

prwm 9month eps 12.62 , 3rd quarter 4.38

nagc
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=043514&pagesize=1&pageno=2
big improvement over previous two quarters
9 month 22.85
3rd quarter 9.39
Title: Re: Textile Sector
Post by: Salammembers on April 24, 2013, 10:21:03 PM


Gurus GATM Q2 figures not bad , kia around 20 buy karaay?

Hamid bro,
lagta haay yeh train b kaal platform 20.50 saay depart kaar jaayaee gee,
tgt pl :rtfm:
fainthearts can wait for Q3 figures before fresh entry
Title: Re: Textile Sector
Post by: abeerzia on April 25, 2013, 10:12:59 AM
Nagina Group Results
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=043522&pagesize=1&pageno=2
ElSM result disappointing
3q 4.73 - huge increase in tax rate behind lower than expected eps
9 month eps 22.29

prwm 9month eps 12.62 , 3rd quarter 4.38

nagc
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=043514&pagesize=1&pageno=2
big improvement over previous two quarters
9 month 22.85
3rd quarter 9.39

Ouulman what do you think about future of NAGC?
do you see it keep on growing like this?
Title: Re: Textile Sector
Post by: Salammembers on April 25, 2013, 09:57:31 PM


Gurus GATM Q2 figures not bad , kia around 20 buy karaay?

Hamid bro,
lagta haay yeh train b kaal platform 20.50 saay depart kaar jaayaee gee,
tgt pl :rtfm:
fainthearts can wait for Q3 figures before fresh entry
    hamid bro, kal kia eps aa raha haaay?
Title: Re: Textile Sector
Post by: Salammembers on April 27, 2013, 02:52:31 PM


Gurus GATM Q2 figures not bad , kia around 20 buy karaay?

Hamid bro,
lagta haay yeh train b kaal platform 20.50 saay depart kaar jaayaee gee,
tgt pl :rtfm:
fainthearts can wait for Q3 figures before fresh entry
    hamid bro, kal kia eps aa raha haaay?
  Q3 figures as per expectation, in my view remains strong hold  :rtfm:
Title: Re: Textile Sector
Post by: asim.786 on May 01, 2013, 11:42:10 AM

Amnesty for textile defaulters extended



   
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ISLAMABAD: Giving a further relaxation to textile companies, the Federal Board of Revenue (FBR) decided on Monday to extend the tax amnesty scheme by another 15 days, sources said.
They added that the defaulting textile companies can now pay two percent of total outstanding tax liabilities without facing any legal action. While the decision has been taken, a notification will be issued today in this regard, they added.
The FBR had issued the statutory regulatory order (SRO 179) to allowing textile companies to pay two percent of total outstanding tax liabilities by March 31 to save from litigation. During the last four days of March, these companies coughed up Rs2.5 billion for due taxes to national exchequer, sources said.
It is expected that this figure will cross three billion rupees after the final audit, they added. According to the details, 50 textile companies availed the amnesty scheme. Some of them include Alhamd Corporation, which deposited Rs142 million, Fazl Cloth Mills Rs139 million, Colony Mills Rs84 million, NP Cotton Mills Rs73 million, Thal Limited Rs70 million, Diamond International Corporation Rs66 million, Gadoon Textile Mills Ltd Rs52.4 million, and Saif Textile Mills paid Rs51.142 million.
The FBR had clarified that all those who would clear tax liabilities even without submitting prescribed tax returns till the deadline would be pardoned. However, nonpayer has to face the music, it said.
“We have designated special teams in all regional taxpayer offices and authorised them to take stern action against those who could not avail the opportunity,” FBR’s Member Inland Revenue Operation Reza Baqir said on Sunday. —Mehtab Haider




   
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Title: Re: Textile Sector
Post by: engrusama on May 02, 2013, 02:18:43 PM
Shariah compliant textile companies are as follows:

Artistic Denim
Bannu Woollen
Ellcot Sp.
Gadoon Textile
Grays of Camb.
Nishat Mills
Olympia Textile
Sally Tex.


Am I missing any?  and would seniors be kind enough to give brief recommendation regarding any of them?? Hamid, Salam and Oulman bro?
Title: Re: Textile Sector
Post by: Salammembers on May 02, 2013, 02:45:11 PM
re-entered stjt today, 9 months eps Rs 8
hamid bro tgt pl
Title: Re: Textile Sector
Post by: Salammembers on May 03, 2013, 09:50:18 AM

Amnesty for textile defaulters extended



   
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ISLAMABAD: Giving a further relaxation to textile companies, the Federal Board of Revenue (FBR) decided on Monday to extend the tax amnesty scheme by another 15 days, sources said.
They added that the defaulting textile companies can now pay two percent of total outstanding tax liabilities without facing any legal action. While the decision has been taken, a notification will be issued today in this regard, they added.
The FBR had issued the statutory regulatory order (SRO 179) to allowing textile companies to pay two percent of total outstanding tax liabilities by March 31 to save from litigation. During the last four days of March, these companies coughed up Rs2.5 billion for due taxes to national exchequer, sources said.
It is expected that this figure will cross three billion rupees after the final audit, they added. According to the details, 50 textile companies availed the amnesty scheme. Some of them include Alhamd Corporation, which deposited Rs142 million, Fazl Cloth Mills Rs139 million, Colony Mills Rs84 million, NP Cotton Mills Rs73 million, Thal Limited Rs70 million, Diamond International Corporation Rs66 million, Gadoon Textile Mills Ltd Rs52.4 million, and Saif Textile Mills paid Rs51.142 million.
The FBR had clarified that all those who would clear tax liabilities even without submitting prescribed tax returns till the deadline would be pardoned. However, nonpayer has to face the music, it said.
“We have designated special teams in all regional taxpayer offices and authorised them to take stern action against those who could not avail the opportunity,” FBR’s Member Inland Revenue Operation Reza Baqir said on Sunday. —Mehtab Haider




   
iss report maay saif textile b haay, kia aaj k rate paar b buy haay?
Title: Re: Textile Sector
Post by: Salammembers on May 03, 2013, 07:32:54 PM
re-entered stjt today, 9 months eps Rs 8
hamid bro tgt pl

laoooo maal stjt,
hamid bro my tgt is 42 plus,
yours please
Title: Re: Textile Sector
Post by: umar on May 04, 2013, 12:16:37 AM
Shariah compliant textile companies are as follows:

Artistic Denim
Bannu Woollen
Ellcot Sp.
Gadoon Textile
Grays of Camb.
Nishat Mills
Olympia Textile
Sally Tex.


Am I missing any?  and would seniors be kind enough to give brief recommendation regarding any of them?? Hamid, Salam and Oulman bro?

Missing scrips
Kohinoor Textile
Pakistan Synthetic
Sana Industries
Indus Dying
Title: Re: Textile Sector
Post by: Salammembers on May 09, 2013, 11:29:27 AM

Amnesty for textile defaulters extended



   
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ISLAMABAD: Giving a further relaxation to textile companies, the Federal Board of Revenue (FBR) decided on Monday to extend the tax amnesty scheme by another 15 days, sources said.
They added that the defaulting textile companies can now pay two percent of total outstanding tax liabilities without facing any legal action. While the decision has been taken, a notification will be issued today in this regard, they added.
The FBR had issued the statutory regulatory order (SRO 179) to allowing textile companies to pay two percent of total outstanding tax liabilities by March 31 to save from litigation. During the last four days of March, these companies coughed up Rs2.5 billion for due taxes to national exchequer, sources said.
It is expected that this figure will cross three billion rupees after the final audit, they added. According to the details, 50 textile companies availed the amnesty scheme. Some of them include Alhamd Corporation, which deposited Rs142 million, Fazl Cloth Mills Rs139 million, Colony Mills Rs84 million, NP Cotton Mills Rs73 million, Thal Limited Rs70 million, Diamond International Corporation Rs66 million, Gadoon Textile Mills Ltd Rs52.4 million, and Saif Textile Mills paid Rs51.142 million.
The FBR had clarified that all those who would clear tax liabilities even without submitting prescribed tax returns till the deadline would be pardoned. However, nonpayer has to face the music, it said.
“We have designated special teams in all regional taxpayer offices and authorised them to take stern action against those who could not avail the opportunity,” FBR’s Member Inland Revenue Operation Reza Baqir said on Sunday. —Mehtab Haider




   
iss report maay saif textile b haay, kia aaj k rate paar b buy haay?
 

Kia UL paar buy haay?
Title: Re: Textile Sector
Post by: Salammembers on May 09, 2013, 05:21:07 PM


Gurus GATM Q2 figures not bad , kia around 20 buy karaay?

Hamid bro,
lagta haay yeh train b kaal platform 20.50 saay depart kaar jaayaee gee,
tgt pl :rtfm:
fainthearts can wait for Q3 figures before fresh entry

looking Good , closed above 22 :tongue:
Title: Re: Textile Sector
Post by: TechGuru on May 09, 2013, 09:18:51 PM
Saif Textile? any idea?
Title: Re: Textile Sector
Post by: Salammembers on May 09, 2013, 10:49:21 PM
Pl refer to nessages on saif textile
Title: Re: Textile Sector
Post by: asim.786 on May 15, 2013, 01:09:33 AM
Readymade garments: Pakistan’s exports to rise as Bangladesh comes under fire
By Saad HasanPublished: May 15, 2013
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Pakistan is set to enter the European Union’s GSP Plus programme that will provide garment exports duty-free access to the EU. PHOTO: CREATIVE COMMONS
KARACHI:
As Bangladesh’s textile industry comes under pressure to improve working conditions, Pakistani garment makers hope to see a rise in exports to global retailers, which increasingly focus on safe factories to place orders.
“We expect to see some of the business shifting to us,” said Shaikh Shafiq Rafiq, Chairman South Zone of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA). “The same thing happened to us when there was a factory fire in Karachi. The buyers are wary of public backlash.”
Over 1,100 people, many of them women, were killed on April 24 when a Dhaka building housing garment factories collapsed. The disaster sparked angry reaction from international human rights organisations and labour groups to poor working conditions there.
In the last few days, Bangladeshi government has allowed workers to organise labour unions and announced plans to increase wages, which at around $38 a month are the lowest in the world.

Some of the leading retailers like H&M, Inditex and Tesco have also become part of a collaboration that plans to fund projects aimed at improving working conditions in factories across Bangladesh.
“They have two advantages over us – one is lower wages and other is duty-free access for their products to European countries,” said Rafiq. “We are catching up on both fronts.”
Pakistan is set to enter the European Union’s GSP Plus programme that will provide garment exports duty-free access to the EU.
According to provisional State Bank of Pakistan (SBP) data, textile exports were slightly lower at $9.59 billion in July-March 2012-13 compared with $9.792 billion in the same period of previous year.
But readymade garments exports jumped to $1.2 billion from $1 billion during the same period. It is hard to say how much increase Pakistani exporters have seen since the Bangladesh crisis.
“I believe Bangladesh is losing its competitive edge. They have same problems as we do in terms of law and order. As a matter of fact they have seen more labour unrest,” said Rafiq.
Meeting safety standards
PRGMEA ex-chairman Shehzad Salim said many firms complying with safety standards of international retailers were running close to full capacity as flow of orders has increased.
“Good companies are not short of work,” he said. “But what is happening with Bangladesh will have spillover effects on the entire region. And we are prepared for that.”
Pakistan was also in the limelight last year when a fire in a garment factory killed over 250 employees, forcing the industry to impart emergency exit training to thousands of workers.
“Working conditions in our factories are far better than what you will find in a Bangladeshi concern. Conditions are inhumane there,” said Salim, pointing out that minimum wage in Pakistan comes to around $90.
Yet, labour organisations say not all the companies follow rules and regulations. There are thousands of small factories, which operate as outsourcing units.
Large firms dealing with international retailers, contract out work to smaller units where working conditions could be really bad, according to industry officials.
Reduced buying power of customers in Europe has led to cutthroat competition among garment makers to reduce cost. Exporters also complain that retail chains are squeezing their margins.
“There is no doubt that prices have been under pressure,” said Salim. “But companies which have adopted technology and improved operations will easily sail through.”
Taking up the challenge
Power of international brands can be immense. In the 1990s, Pakistan had to revamp its sport factories in Sialkot where hand-stitched footballs involving child labour triggered a global controversy.
Initially, the industry feared that business will go away to other countries, but through efforts of International Labour Organization, Sialkot Chamber of Commerce and Industry, foreign brands and governments most of the production facilities were updated.
“There was an option before the industry to either bow out or take the responsibility and do everything possible to bring a change,” said Aijaz Ahmed, who works for the Child and Social Development Organization. “Industry opted for change.”
Through effective controls child labour stopped, he said. “We ran rehabilitation programmes and won back confidence of international brands.”
Published in The Express Tribune, May 15th, 2013.
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Title: Re: Textile Sector
Post by: SBM on May 15, 2013, 02:41:08 AM
wrt above story
unfortunately goray are often quite illinformed about the world.
there are some big companies (including disney)  that have stopped buying not just bangladesh but from pakistan as well because they lump together the whole region as bunch of poor countries .
Title: Re: Textile Sector
Post by: MZ on May 15, 2013, 07:40:35 PM
AKD Daily

Cotton Update: May‘13
On Friday May 10'13 USDA issued its first cotton report for the marketing year (MY: year starting August 1st) 2013/14. In this regard, USDA has forecasted global cotton production down by 3.13mn bales YoY to 117.8mn bales for MY14F. Global ending cotton inventory is set to rise yet again to a record 92.7mn bales, however this will not adversely impact cotton prices as the excess is likely to be absorbed by China and kept off the open market. With the Chinese cotton support policy continuing, Chinese ending cotton inventory is expected to rise to 58.2mn bales, even as inventories in the rest of the world are likely to decline to 34.6mn bales from 36.5mn bales a year earlier. We reiterate our liking for NML which is likely to perform well given the significant share price increase of portfolio companies. With a TP of PkR108/share, NML provides an upside of 20.04% from current levels. In addition, we have an accumulate stance on NCL which offer 12.16% upside from current levels to our TP of PkR56/share.
Key Takeaways: On Friday May 10'13 USDA issued its first cotton report for the marketing year (MY: year starting August 1st) 2013/14. In this regard, USDA has forecasted global cotton production down by 3.13mn bales YoY to 117.8mn bales for MY14F. Earlier expectations of a fall in cotton acreage did not materialize to the extent expected, where the forecasted decrease in acreage is only 0.8% to 34.04mn hectares as compared to 34.31mn hectares for MY13. Global ending cotton inventory is set to rise yet again to a record 92.7mn bales, however this will not adversely impact cotton prices as the excess is likely to be absorbed by China and kept off the open market. With the Chinese cotton support policy continuing, Chinese ending cotton inventory is expected to rise to 58.2mn bales, even as inventories in the rest of the world are likely to decline to 34.6mn bales from 36.5mn bales a year earlier. Global trade is likely to go down, driven by lower expected demand from China this year, however higher consumption and hence demand from other countries is expected to offset the reduction in trade due to China.
Investment Perspective: With our expectation of cotton prices continuing at current levels we are likely to see textile companies that procured cotton at cheaper rates in 2QFY13 continue to do better as they benefit from increase in raw material prices in the market. In this regard, we reiterate our liking for NML which is likely to perform well given the significant share price increase of portfolio companies. With a TP of PkR108/share, NML provides an upside of 20.04% from current levels. In addition we have an Accumulate stance on NCL which offers 12.16% upside from current levels to our TP of PkR56/share.
Title: Re: Textile Sector
Post by: Tezihunt on May 15, 2013, 10:39:11 PM
Does any body know web site of Saritow spinning mills ...
Title: Re: Textile Sector
Post by: MZ on May 15, 2013, 11:12:26 PM
Does any body know web site of Saritow spinning mills ...

http://www.saritowspinningmillsltd.enic.pk/
Title: Re: Textile Sector
Post by: SBM on May 15, 2013, 11:16:28 PM
Does any body know web site of Saritow spinning mills ...
I found a cool book searching for ssml website

http://books.google.com.pk/books?id=EuACvEhzim4C&pg=PA76&lpg=PA76&dq=saritow+spinning&source=bl&ots=WTJXUFQeZU&sig=K7V3_lpBKDYXKsPdSJGj65P1XL8&hl=en&sa=X&ei=wM2TUZm-LZSIhQexqID4CA&redir_esc=y
Title: Re: Textile Sector
Post by: asianstock on May 15, 2013, 11:36:13 PM
laoooooooooooooooooooo Punjabi Textile ....  :dance :dance :dance :dance
Title: Re: Textile Sector
Post by: Tezihunt on May 16, 2013, 07:16:26 AM
Does any body know web site of Saritow spinning mills ...

http://www.saritowspinningmillsltd.enic.pk/
This link is of no use. It is a third party site that shows just address of Saritow Spinning. I need a site address from where I could downlowd Financial reports of Sartow Spinning Mills. Hairat hey iss mil ki site hi naheen mil rahi??
Title: Re: Textile Sector
Post by: SBM on May 16, 2013, 07:54:56 AM
Does any body know web site of Saritow spinning mills ...

http://www.saritowspinningmillsltd.enic.pk/
This link is of no use. It is a third party site that shows just address of Saritow Spinning. I need a site address from where I could downlowd Financial reports of Sartow Spinning Mills. Hairat hey iss mil ki site hi naheen mil rahi??

http://www.pel.com.pk/group-profile.html

Its a saigol group company that's all I know.you can check kse notices for basic accounts I guess .
Title: Re: Textile Sector
Post by: SBM on May 22, 2013, 08:13:04 PM
Bloomberg News, sent from my Android phone

Cotton futures already headed for their biggest monthly drop since September will fall further to the lowest price since late January, according to technical analysis by Michael T. Sweeney at broker Marex Spectron.

After a five-month rally that sent cotton to an 11-month high of 93.93 cents a pound on March 15, prices on ICE Futures U.S. fell below a 50-day moving average of 85.47 cents on April 8. The commodity slid 1.1 percent last month and was down 4.1 percent in May as of yesterday, when  [...]

Read the full story at http://www.bloomberg.com/news/2013-05-21/cotton-moving-average-signals-further-slide-technical-analysis.html

Find out more about Bloomberg for Android: http://m.bloomberg.com/android
Title: Re: Textile Sector
Post by: Dr. Economist on May 22, 2013, 08:25:36 PM
Bloomberg News, sent from my Android phone

Cotton futures already headed for their biggest monthly drop since September will fall further to the lowest price since late January, according to technical analysis by Michael T. Sweeney at broker Marex Spectron.

After a five-month rally that sent cotton to an 11-month high of 93.93 cents a pound on March 15, prices on ICE Futures U.S. fell below a 50-day moving average of 85.47 cents on April 8. The commodity slid 1.1 percent last month and was down 4.1 percent in May as of yesterday, when  [...]

Read the full story at http://www.bloomberg.com/news/2013-05-21/cotton-moving-average-signals-further-slide-technical-analysis.html

Find out more about Bloomberg for Android: http://m.bloomberg.com/android

Bloomberg  :D
Title: Re: Textile Sector
Post by: SBM on May 22, 2013, 08:50:19 PM
Bloomberg News, sent from my Android phone

Cotton futures already headed for their biggest monthly drop since September will fall further to the lowest price since late January, according to technical analysis by Michael T. Sweeney at broker Marex Spectron.

After a five-month rally that sent cotton to an 11-month high of 93.93 cents a pound on March 15, prices on ICE Futures U.S. fell below a 50-day moving average of 85.47 cents on April 8. The commodity slid 1.1 percent last month and was down 4.1 percent in May as of yesterday, when  [...]

Read the full story at http://www.bloomberg.com/news/2013-05-21/cotton-moving-average-signals-further-slide-technical-analysis.html

Find out more about Bloomberg for Android: http://m.bloomberg.com/android

Bloomberg  :D

whts funny  :skeptic:
Title: Re: Textile Sector
Post by: SBM on May 23, 2013, 01:50:09 PM
 
some financials on selected textile mills.
for informational purposes only
not buy/sell calls

pm any mistakes

   http://goo.gl/tL9l8
Title: Re: Textile Sector
Post by: sAr on May 23, 2013, 03:36:31 PM
Bloomberg News, sent from my Android phone

Cotton futures already headed for their biggest monthly drop since September will fall further to the lowest price since late January, according to technical analysis by Michael T. Sweeney at broker Marex Spectron.

After a five-month rally that sent cotton to an 11-month high of 93.93 cents a pound on March 15, prices on ICE Futures U.S. fell below a 50-day moving average of 85.47 cents on April 8. The commodity slid 1.1 percent last month and was down 4.1 percent in May as of yesterday, when  [...]

Read the full story at http://www.bloomberg.com/news/2013-05-21/cotton-moving-average-signals-further-slide-technical-analysis.html

Find out more about Bloomberg for Android: http://m.bloomberg.com/android

Hmm.. Majority of Investors are Long, Lets see Where it Bottoms out. Btw, any stats on Local Phutti Prices,Their trend?
Title: Re: Textile Sector
Post by: SBM on May 23, 2013, 03:44:12 PM
Bloomberg News, sent from my Android phone

Cotton futures already headed for their biggest monthly drop since September will fall further to the lowest price since late January, according to technical analysis by Michael T. Sweeney at broker Marex Spectron.

After a five-month rally that sent cotton to an 11-month high of 93.93 cents a pound on March 15, prices on ICE Futures U.S. fell below a 50-day moving average of 85.47 cents on April 8. The commodity slid 1.1 percent last month and was down 4.1 percent in May as of yesterday, when  [...]

Read the full story at http://www.bloomberg.com/news/2013-05-21/cotton-moving-average-signals-further-slide-technical-analysis.html

Find out more about Bloomberg for Android: http://m.bloomberg.com/android

Hmm.. Majority of Investors are Long, Lets see Where it Bottoms out. Btw, any stats on Local Phutti Prices,Their trend?


business recorder has daily updates on cotton market you can follow from there. thats about it i think..

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1188534:cotton-market-spot-rate-raised-by-rs-100/?date=2013-05-23
http://www.brecorder.com/yarn-prices/
Title: Re: Textile Sector
Post by: Abid_ali on May 23, 2013, 04:04:29 PM

some financials on selected textile mills.
for informational purposes only
not buy/sell calls

pm any mistakes

   http://goo.gl/tL9l8
Good work done
Title: Re: Textile Sector
Post by: sAr on May 23, 2013, 05:08:45 PM
Bloomberg News, sent from my Android phone

Cotton futures already headed for their biggest monthly drop since September will fall further to the lowest price since late January, according to technical analysis by Michael T. Sweeney at broker Marex Spectron.

After a five-month rally that sent cotton to an 11-month high of 93.93 cents a pound on March 15, prices on ICE Futures U.S. fell below a 50-day moving average of 85.47 cents on April 8. The commodity slid 1.1 percent last month and was down 4.1 percent in May as of yesterday, when  [...]

Read the full story at http://www.bloomberg.com/news/2013-05-21/cotton-moving-average-signals-further-slide-technical-analysis.html

Find out more about Bloomberg for Android: http://m.bloomberg.com/android

Hmm.. Majority of Investors are Long, Lets see Where it Bottoms out. Btw, any stats on Local Phutti Prices,Their trend?


business recorder has daily updates on cotton market you can follow from there. thats about it i think..

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1188534:cotton-market-spot-rate-raised-by-rs-100/?date=2013-05-23
http://www.brecorder.com/yarn-prices/

I know this source but twant to check the trend. Historical prices
Title: Re: Textile Sector
Post by: SBM on May 23, 2013, 05:57:22 PM
Bloomberg News, sent from my Android phone

Cotton futures already headed for their biggest monthly drop since September will fall further to the lowest price since late January, according to technical analysis by Michael T. Sweeney at broker Marex Spectron.

After a five-month rally that sent cotton to an 11-month high of 93.93 cents a pound on March 15, prices on ICE Futures U.S. fell below a 50-day moving average of 85.47 cents on April 8. The commodity slid 1.1 percent last month and was down 4.1 percent in May as of yesterday, when  [...]

Read the full story at http://www.bloomberg.com/news/2013-05-21/cotton-moving-average-signals-further-slide-technical-analysis.html

Find out more about Bloomberg for Android: http://m.bloomberg.com/android

Hmm.. Majority of Investors are Long, Lets see Where it Bottoms out. Btw, any stats on Local Phutti Prices,Their trend?


business recorder has daily updates on cotton market you can follow from there. thats about it i think..

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1188534:cotton-market-spot-rate-raised-by-rs-100/?date=2013-05-23
http://www.brecorder.com/yarn-prices/

I know this source but twant to check the trend. Historical prices

not sure if thats available for pakistan.
karachi cotton exchange doesnt hvae anything either
http://www.kcapk.com/dailymarketrep.asp
Title: Re: Textile Sector
Post by: mra901 on May 23, 2013, 06:28:54 PM

some financials on selected textile mills.
for informational purposes only
not buy/sell calls

pm any mistakes

   http://goo.gl/tL9l8
Good work done
Excellent  :thanks:
Title: Re: Textile Sector
Post by: Farzooq on May 25, 2013, 12:03:40 PM
AKD Daily

Apr'13 Textile exports and sector update

As per PBS, textile exports in the month of Apr'13 slipped by 3%MoM to US$1.1bn where yarn exports dropped by 10%MoM to US$188mn, following a 12%MoM decline in yarn export volumes. For 10MFY13, textile exports are up by 6%YoY to US$10.7bn. Following weak Chinese PMI reading, cotton futures have slipped by 5% in a week to close at USc81.7/lb yesterday, which is a four month low.  Furthermore, applicable from Mar'13, FBR has withdrawn the 'zero-rating' tax status for textiles and as such, textile manufacturers will have to pay sales tax of at least 2% on supplies to the textile sector. We advocate a cautious stance on the textile sector given the string of recent negatives.

Apr'13 exports slip by 3%MoM: As per PBS, textile exports in the month of Apr'13 slipped by 3%MoM to US$1.1bn where yarn exports dropped by 10%MoM to US$188mn, following a 12%MoM decline in yarn export volumes. Further, Chinese cotton yarn imports also declined by 18%MoM to 164k tons, however this was still higher by 50% compared to Apr'12. For 10MFY13, textile exports are up by 6%YoY to US$10.7bn where yarn (+26%YoY), Cloth (+11%YoY) and Garments (+12%YoY) are the notable outperformers.

Cotton futures at 4 month low: Following weak Chinese PMI reading for May'13 (reading of 49.6, indicating contraction), cotton futures have slipped by 5% in a week to close at USc81.7/lb yesterday, which is a four month low for the commodity. Reversal in cotton price trend in addition to a relatively stable PkR is likely to curtail margins of textile manufacturers in 4QFY13.

Withdrawal of zero rating tax regime: Applicable from Mar'13, FBR has withdrawn the 'zero-rating' tax status for textiles and as such, textile manufacturers will have to pay sales tax of at least 2% on supplies to the textile sector. However, manufacturers can claim refunds on exports only. As such, we see negative impact of this development in the form of lower margins on domestic sales, while rise in costs will increase working capital financing requirement. Within the AKD Textile Universe Space, NCL has a higher contribution (30% for FY12) of local sales as a proportion of total sales as compared with NML (23% for FY12), leaving it more susceptible to the withdrawal of the zero-rating regime. We estimate that the increased costs could result in GM drop of ~1%, while incorporating the impact of lower margins will reduce our FY14F EPS estimates for NCL and NML by 9% each or PkR1.3 for NCL and PkR1.7 for NML . While we await further clarity on the issue, a 1% reduction in our GM assumption for NCL and NML would result in a TP reduction of 20% for NCL and 12% for NML.

Outlook: We advocate a cautious stance on the textile sector given the string of negatives in the form of i) slowdown in sequential exports, ii) reversal in cotton price trend and iii) withdrawal of zero-rating tax regime. Furthermore, one of the budget proposals includes increase in minimum turnover tax from 0.5% to 1%, which if implemented could result in 4%-5% annualized earnings decline for NML and NCL. Reversal in zero rating SRO by the incoming PML-N government, which is perceived to be business friendly with strong ties to the textile sector is a key upside risk.
Title: Re: Textile Sector
Post by: Tired of broker on May 26, 2013, 11:43:16 AM
President returned back proposal to increase sales tax
LLLLLLLLLLLLLaaaaaaaaaaaooooooooooooooo NCL, NML and all textile sector positve and mkt 300+

http://express.com.pk/epaper/PoPupwindow.aspx?newsID=1101853787&Issue=NP_LHE&Date=20130526
Title: Re: Textile Sector
Post by: Hamid Mamraiz on May 26, 2013, 11:49:59 AM
re-entered stjt today, 9 months eps Rs 8
hamid bro tgt pl
STJT 48-50 target insha ALLAH till Oct.
Title: Re: Textile Sector
Post by: Salammembers on May 26, 2013, 02:00:00 PM
re-entered stjt today, 9 months eps Rs 8
hamid bro tgt pl
STJT 48-50 target insha ALLAH till Oct.
   inshaALLAH
Title: Re: Textile Sector
Post by: asianstock on May 27, 2013, 11:15:09 PM
Laoooooooooooooooooooo Textile... Laooooooooooooooooooooo Textile...  Next Month....
Title: Re: Textile Sector
Post by: SBM on May 28, 2013, 02:25:56 PM
http://www.brecorder.com/business-a-economy/189/1189935/
Title: Re: Textile Sector
Post by: Salammembers on May 28, 2013, 07:49:22 PM
Hamid bro,
u r fantastic,
always reply/respond 2 my re :tongue:quest
ALLAH aap ki hifazat karaay
and hamaisha khus rakhaay

dfsm ki news positive haay,
i did sell 70% quantity today inspite of my broker fierce opposition,
uss ki report Rs 8 ka tgt bolti haay
but mujhay iss waqt yeh buy nahi Hold lagta haay,
intend 2 re-enter at some point preferably  below 3.50         hamid bro, kia re-entry justified now? Been my lucky scrip never given a loss. I do not c it breaking 3.20 now but this is kse where anything is possible and dfsm has risen out of ashes mainly due to sector positive sentiments, aaj 3.37 paaar kuch buy kia haay, if hanid bhai  is happy might buy more tomorrow   quote   hamid bhai iss baar kaha sell karoo? :tongue:
Title: Re: Textile Sector
Post by: asim.786 on May 29, 2013, 01:31:38 AM
Amidst crippling crisis, spinning industry experiences growth
By Imran RanaPublished: May 28, 2013
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Pakistani mills manufacture only 500-1,000 metres of gray cloth per day on average, leaving yarn manufacturers with surplus stocks they then sell abroad. PHOTO: FILE
FAISALABAD: In the midst of an overall depression in the textile industry, a development has sparked new life in the spinning sector. Mills are inundated with orders from China these days – to the extent that even operating at peak capacity cannot meet demand for the material. In fact, orders are pouring in so fast that some spinning companies have decided to expand their operations.
Spinning mills have actually been riding this wave for some months now, as more and more yarn is being demanded by China due to a spike in labour and raw material costs in the country. This has pushed Chinese yarn buyers to look to Pakistan and regional competitors for cheaper raw material.
“Crescent Cotton Mills already has three units up and running, while a fourth is in the process of being completed,” Crescent Cotton Mills Director Naveed Gulzar told The Express Tribune. Even as yarn exports continue to grow, it is difficult to say exactly how many companies will go for an expansion, he said, as that will be the decision of the individuals who run them.
Gulzar operates two mills in Punjab and another one in Sindh. His Sindh unit is performing better than the units located in Punjab, which Gulzar attributes to the relative abundance of gas supply in the southern province. “Our cost of production is lower by 60% in Sindh as compared to Punjab, because mills run on captive power plants which use gas as fuel,” he continued. “The cost is higher in Punjab due to the energy crisis and the cost involved in moving to alternative sources of energy,” he added.
A captive power plant typically generates electricity at the cost of Rs6.5 per unit, while the same unit costs a whopping Rs30 if generated using diesel as fuel, Gulzar said.
Omer Nazar Shah, CEO of Hassan Spinning Mills Faisalabad, agreed with Gulzar on his claim that units established in Sindh provide good returns because of relatively lower gas load-shedding in the province.
“Yarn has great demand in China, but 45% of our production has been affected due to the energy crisis,” he claimed. He added that even if companies run their mills at full capacity, they will be unable to fulfil the requirements of the Chinese market.
China has been relying on imported yarn for the last few years, Shah said. “This is an ideal situation for Pakistan, which has produces yarn in surplus to its needs,” he added.
Spinners told The Express Tribune that even small Chinese cloth printing mills are currently consuming around a million metres of gray (uncoloured) cloth per day. In comparison, Pakistani mills which manufacture gray cloth produce, on average, only 500-1,000 metres of fabric per day.
Title: Re: Textile Sector
Post by: Salammembers on May 29, 2013, 09:40:03 PM
Hamid bro,
u r fantastic,
always reply/respond 2 my re :tongue:quest
ALLAH aap ki hifazat karaay
and hamaisha khus rakhaay

dfsm ki news positive haay,
i did sell 70% quantity today inspite of my broker fierce opposition,
uss ki report Rs 8 ka tgt bolti haay
but mujhay iss waqt yeh buy nahi Hold lagta haay,
intend 2 re-enter at some point preferably  below 3.50         hamid bro, kia re-entry justified now? Been my lucky scrip never given a loss. I do not c it breaking 3.20 now but this is kse where anything is possible and dfsm has risen out of ashes mainly due to sector positive sentiments, aaj 3.37 paaar kuch buy kia haay, if hanid bhai  is happy might buy more tomorrow   quote   hamid bhai iss baar kaha sell karoo? :tongue:
looked very GOOD today, ready to offload 50% :dance :dance :dance
Title: Re: Textile Sector
Post by: SBM on May 31, 2013, 09:45:43 AM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1191740:cotton-market-in-weak-mode/?date=2013-05-31
Title: Re: Textile Sector
Post by: guru1 on May 31, 2013, 11:57:59 AM
China mein cost of doing business increase ho raha ha. Pakistani textiles ka future acha laghta ha. I think its time to buy.
Title: Re: Textile Sector
Post by: asianstock on June 01, 2013, 11:22:36 AM
http://www.brecorder.com/pakistan/business-a-economy/121924-fpcci-demand-revival-of-textile-sector.html

Laoooooooooooooooooooooooo Textile Rally Monday say... jaysay Power Sector may ahi thi...  :dance :shoaby: :shoaby:
Title: Re: Textile Sector
Post by: Salammembers on June 01, 2013, 07:36:28 PM
Hamid bhai,
crtm turnover finally up,
pl guide about crtm FV/exit point,
i started buying when it was 11
and bought more on every UL
want to offload some quantity
thanks and regards
15 now ESTABLISED as S1,
still holding good quantity,
for me remains a buy below 16 though Group
Reputation not Good ,however AH Group representation on board gives bit of comfort,
if u believe textile sector will deliver this year then crtm worth a bet below 16
CRTM looks good... But aik kaam karo... on every upper cap kuch sell kartay raho... Profit booking sehat keh liye ache hote hai...
http://www.crescenttextile.com/finance/3rd%20Quarter%20CTML%20Accounts%2031%20Mar%2013.pdf
yeh Fesco connection and TOH boiler saay  kitni saving possible ?
Title: Re: Textile Sector
Post by: Farzooq on June 06, 2013, 06:37:23 PM
Highlighting KTML, REWM and GADT

Driven by concrete fundamentals and attractive valuations, we highlight Gadoon Textile Mills (GADT) and Reliance Weaving Mills (REWM) as next potential outperformers in the textile sector

We also reiterate our stance on Kohinoor Textile Mills (KTML), still yielding an upside of 97% at our SOTP based TP of PKR36/sh

At our estimated FY13E EPS of PKR48.2/sh, GADT is currently available at an attractive PE multiple of 2.7x compared to BMA Universe FY13PE of 8.5x

REWM is currently trading at rock bottom PE of 1.6x to our FY13E EPS of PKR18.7/sh

Going forward, 1) Chinese cotton yarn import boom, 2) EU duty waiver access, 3) better retention levels on yarn and cloth/fabric and 4) improved gas supply in summer season will remain the key value drivers

bma
Title: Re: Textile Sector
Post by: MZ on June 06, 2013, 10:54:32 PM
Budget preview: Neutral for the textile sector
The textile sector of Pakistan having enjoyed the government's sympathy for
the longest time has emerged as a leading exporter and one of the major employers
in the country. The sectors importance in any budget therefore cannot
be ignored. In today's Value Seeker, we present our budgetary expectations for
the textile sector, along with our outlook and recommendations on the scrips
currently under coverage.

Zero rated regime vanishes into thin air
The FBR has replaced the zero-rating regime for the textile industry with a 2%
value added tax for the textile value chain, both for registered and unregistered
entities. The refunds, under the scheme, will be available against exports,
however, refunds to the unregistered entities will not be allowed.
Such alteration is expected to facilitate the registered textile companies more
as compared to the unregistered segment.
Textile sector to prosper as power supply improves
Being a major exporter and key employer, the government has been giving
distinctive attention to this sector. During last couple of years, the power
shortage has been a major dampener for the profitability of the sector, specifically
in Punjab which is the key manufacturer of textile items in the country.
Therefore, the new government has placed power sector reforms on top
of their priority list. We expect the production of textile sector to improve as
the load shedding in this sector reduces. This coupled with better production,
stable cotton prices both internationally and locally is expected to make
the sector more profitable.
Recommendation: 'Buy' NML & NCL
Currently, we recommend 'Buy' on NML and NCL with Dec-13 target price of
Rs118/share and Rs70/share respectively. Higher portfolio value is expected
to be beneficial for both companies as they have significant investments in
their associated companies. NML is trading at a PE multiple of 6.3x and offering
a dividend yield of 5.6% on FY13 estimates. Similarly, NCL is trading at PE
of 4.5x and offering a dividend yield of 7.2% on FY13 estimates.

InvestCap Research
Title: Re: Textile Sector
Post by: TechGuru on June 07, 2013, 02:01:44 AM
Any news on SAIF textile?... its increasing slowly and gradually from Rs. 20!
but still trading at a very low PE.
Title: Re: Textile Sector
Post by: SBM on June 07, 2013, 03:04:50 PM
Any news on SAIF textile?... its increasing slowly and gradually from Rs. 20!
but still trading at a very low PE.


it should cross 40 easily. hold.
Title: Re: Textile Sector
Post by: TechGuru on June 07, 2013, 04:00:51 PM
Any news on SAIF textile?... its increasing slowly and gradually from Rs. 20!
but still trading at a very low PE.

LAo SAIF CAP!!! :dance :dance :dance :dance :dance
Title: Re: Textile Sector
Post by: Salammembers on June 08, 2013, 12:32:32 AM
Any idea about Kohat textile?
Title: Re: Textile Sector
Post by: Usmanz on June 08, 2013, 11:40:47 AM
Hi guys
Does anyone has any idea about chenab limited preferred shares? Should i hold it?
I have 1 million shares. I feel like ka la ker phans gaya hn
Title: Re: Textile Sector
Post by: SBM on June 08, 2013, 01:39:32 PM
Any idea about Kohat textile?

18-20 should be achievable by sept.
5.5 eps 1.5 dps.

its saif group company, making synthetic yarn .  not related to kohat cement :)
Title: Re: Textile Sector
Post by: Valueestimator on June 10, 2013, 10:35:39 AM
REWM another upper lock, many to come in sha ALLAH
Title: Re: Textile Sector
Post by: Salammembers on June 13, 2013, 12:41:55 PM
GATM showing buyers,
lets c maal laay or finally laooooo this time,
i might buy more once 24 is breeched
Title: Re: Textile Sector
Post by: Hamid Mamraiz on June 14, 2013, 08:11:29 PM
Very informative research shared by ouulman  :thanks:

https://docs.google.com/spreadsheet/ccc?key=0Avm1Mr6v5j0_dFlVd193OEppWEJvZlE2RlB2d1ZlVFE#gid=0
Title: Re: Textile Sector
Post by: Farzooq on June 17, 2013, 02:13:18 PM
AKD Daily

Cotton Update: June 2013

USDA released its monthly cotton report on Wednesday, Jun 12'13. Key takeaways from the report were downward revision in import expectations from China by 1mn bales due to lower world exportable supplies and the downward revision of production estimates by 657k bales. Furthermore, recent currency movements for regional countries may result in Pakistan losing its competitive edge vis-à-vis currency depreciation as compared to the US$. While CYTD PkR depreciation puts Pakistani exporters in a better position as compared to their Bangladeshi counterparts, however, WoW depreciation of 1.7% for the INR, 3.1% for the BDT and 0% for PkR presents a nascent worrying picture for Pakistani textile exporters. Finally, according to US Commodity Futures Trading Commission (CFTC), hedge funds and other large speculators decreased net long positions in cotton futures by 101 contracts while commercial users of cotton increased net short positions by 4,005 contracts. As result, cotton prices may be in for a correction given the sharp rally in the last two weeks.    .

Key takeaways: USDA released its monthly cotton report on Wednesday, Jun 12'13. Key takeaways from the report were an upward revision for imports by China for the marketing year 2012-13 (Marketing Year (MY): August 1st to July 31st) by 1.75mn bales to 20mn bales, while going forward USDA has slashed its import expectations from China by 1mn bales to 11mn due to lower world exportable supplies. Export for the US, Australia, India and Turkmenistan have been revised upwards by 350k bales, 500k bales, 200k bales and 150k bales respectively for MY13. Production estimates have been revised downwards by 657k bales to 117.16mn bales, mainly caused by a downward revision in production estimates for the US by 500k bales due to a prolonged brought in Texas, the main cotton growing state in the US. The USDA report reported lower imports in China for MY14F based on the continued Chinese cotton support price policy. This is expected to result in increased demand for cotton in regional countries as China increases demand for imported yarn rather than cotton. The mix of higher expected demand and tighter forecasted supplies resulted in upwards pressure on cotton prices in the last two weeks.

Relatively strong PkR to hurt competitiveness? There has been sharp depreciation in regional currencies recently. In this regard, the INR has depreciated by 1.7%WoW while the BDT has fallen by a considerable 3.1%WoW against the US$, which will help Indian and Bangladeshi textile exporters to undercut Pakistani textile exporters ceteris paribus.

Speculators trimming long positions: According to US Commodity Futures Trading Commission (CFTC) commitment of traders report, hedge funds and other large speculators have decreased net long positions in cotton futures by 101 contracts to 48,661 contracts while commercial users of cotton increased net short positions by 4,005 contracts bringing the total to 56,178 contracts on the ICE Futures US. The recent movement in futures positions suggests that speculators are expecting the futures prices to go down. Cotton (COTLOOK A) prices have rallied strongly in Jun'13, rising by 9%MTD to US¢96.4/lb, where the rally has been spurred by recent downward revisions in cotton crop estimates, overriding concerns over a slowdown in China. However, cotton prices may be in for a correction given the sharp rally in the last two weeks
Title: Re: Textile Sector
Post by: MZ on June 17, 2013, 09:39:50 PM

The Bell
 
Textiles: Margin attrition to be a temporary phenomenon


http://www.elixirsec.com/Research/TheBell17062013.pdf?utm_source=Research%2BReports&utm_medium=Email&utm_campaign=BellDownload
Title: Re: Textile Sector
Post by: Farzooq on June 20, 2013, 01:27:56 PM
AKD Daily

Textile sector joyride coming to an end?

News out of China suggests that the Chinese Government may be considering changing its cotton support price policy from the next season onwards. This could have severe implications for the local textile industry and the global cotton markets. A faster rate of release of cotton from the Chinese Government stockpiles and/or a decline in cotton support price in China are likely to pressure cotton prices downwards. Consequently China's demand for yarn imported from regional countries including Pakistan is likely to decline resulting in higher sales risk. Decline in cotton prices will likely drag yarn prices downward curtailing topline as well as bottomline growth for yarn manufacturers in Pakistan. That said, textile firms with a larger chunk of revenues concentrated in higher value added finished goods such as NML are likely to be less adversely impacted and may even benefit due to margin accretion in higher value added segment. Based on earnings sensitivity to cotton prices, a decrease in cotton prices assumption by US¢5/lb would result in a negative EPS impact of ~PkR0.90 for NCL and ~PkR0.4 for NML across our forecast horizon.

China contemplating winding down of cotton stockpile: News out of China suggests that the Chinese Government may be considering changing its cotton support price policy from the next season onwards. The severe financial impact on Chinese textile manufacturers caused by high raw material costs due to cotton stockpiling is being cited as the cause for this possible change in policy by several Chinese officials. Recall that in a bid to support rural income the Chinese Government had set a cotton support price up to 40% higher than market rates and the Chinese Government has accumulated cotton stocks of ~50% of the global cotton stocks. In this regard, China is planning to offload cotton supplies to the market, gradually increasing supply of cotton available in the market. News reports suggest that China may release up to 4.5mn tons of cotton stocks out of a total of 10mn tons to the market by the end of Jul'13. Moreover, China's demand for yarn may falter as the Chinese economy seems headed for a slow down as suggested by the Purchasing Manager's Index (PMI) released by HSBC Holdings Plc and Markit Economics. The preliminary PMI reading clocked in at 48.3 where a reading below 50 is interpreted as indicating a slow down in the economy.

Is the textile sector joyride coming to an end? Unwinding of the state cotton reserve policy will have serious implications for the local textile industry. In this regard, lower domestic Chinese cotton prices will make Chinese yarn mills competitive again, significantly reducing demand for yarn imports, while lower int'l cotton prices could also result in margin compression for Pakistani yarn manufacturers. That said, textile firms with a larger chunk of revenues concentrated in higher value added finished goods such as NML are likely to be less adversely impacted and may even benefit due to margin accretion in higher value added segment. Based on earnings sensitivity to cotton prices, a decrease in cotton prices assumption by US¢5/lb would result in a negative EPS impact of ~PkR0.90 for NCL and ~PkR0.4 for NML across our forecast horizon. However, NML and NCL may be able to curtail the impact on the bottom line due to margin accretion in the higher value added segment. PSF manufacturers may also be adversely impacted due to falling cotton prices due to increased sales risk. In this regard our TP for NML is PkR131/share indicating a "Buy" at current levels while our TP for NCL is PkR56/share indicating a “Reduce” stance at current prices. 
Title: Re: Textile Sector
Post by: asim.786 on June 23, 2013, 05:16:42 PM
http://www.express.pk/story/141653/
Title: Re: Textile Sector
Post by: ziauddin on June 23, 2013, 08:16:01 PM
plz share best undervalued textile scripts for medium o long term..thanx
Title: Re: Textile Sector
Post by: TechGuru on June 23, 2013, 09:36:38 PM
plz share best undervalued textile scripts for medium o long term..thanx

Saif Textile... trading at a PE multiple of less than 3.
great buy between 24-25.
Title: Re: Textile Sector
Post by: Farzooq on June 25, 2013, 12:11:20 PM
Textile Exports May’13

According to trade data released by Pakistan Bureau of Statistics (PBS) the textile sector posted an overall sequential exports growth of 5%MoM to US$1,188mn. Pakistan's textile sector resumed growth in exports after posting a decline in Apr'13. The growth in exports during May'13 were driven by higher value added segments as well as cotton yarn. In this regard, knitwear increased by a significant 19%MoM to clock in at US$180mn followed by bed wear 10%MoM, readymade garments 5%MoM and towels 4%MoM. This increase in exports of the higher value added segment can be attributed to the improvement in the power and gas supply situation to the textile industry, where we believe that textile manufacturers were better able to avail the opportunities presented by the EU Autonomous Trade Preference (ATP), increased international demand and PkR/US$ depreciation. Yarn exports increased 5%MoM to US$196mn following a recovery in the demand for imported yarn from China (Chinese yarn imports increased by 5%MoM to 171.88k tons during May'13) after witnessing a decline in Apr'13 (-18%MoM). During the 11MFY13 period yarn exports remained the star performer, increasing 25%YoY to US$2,053mn. Overall exports from the textile sector for the 11MFY13 period clocked in at US$11.9bn (up 6%YoY). Going forward, if the cotton prices, already facing downward pressures (-5%WoW), continue to fall the resultant decline in the yarn prices may hamper growth of yarn exports.

akd
Title: Re: Textile Sector
Post by: tahirdxb on June 25, 2013, 06:05:29 PM
http://jang.com.pk/jang/jun2013-daily/25-06-2013/u213.htm
Title: Re: Textile Sector
Post by: asianstock on June 27, 2013, 09:10:45 PM
(http://jang.com.pk/jang/jun2013-daily/27-06-2013/updates/6-27-2013_419_1.gif)
Title: Re: Textile Sector
Post by: SBM on June 28, 2013, 05:15:19 PM
 :biggthumpup:
lao mal

19 hours ago
US to suspend Bangladesh trade privileges
...has decided to suspend trade privileges for Bangladesh, citing its poor labour standards after a series...complaining about labour and safety standards in Bangladesh. The suspension of Bangladesh from the so-called generalised system of... By Richard McGregor in Washington

BEYONDBRICS 18 hours ago
US trade action over Rana Plaza disaster will hit Bangladesh exports
...preferential access to its market for Bangladesh because of what it sees as slow progress...reputation of the garment industry and hit Bangladesh’s exports. US preferential access...perception of the garment industry in Bangladesh,” says Omar Chowdhury, owner of Syntex... beyondbrics


http://www.ft.com/cms/s/0/09e130c4-df43-11e2-a9f4-00144feab7de.html
Title: Re: Textile Sector
Post by: SBM on June 28, 2013, 05:18:03 PM
  http://blogs.ft.com/beyond-brics/2013/06/27/us-trade-action-over-rana-plaza-disaster-will-hit-bangaldesh-exports/#ixzz2XVqZAjZr

US trade action over Rana Plaza disaster will hit Bangladesh exports
 
By Joseph Allchin in Dhaka
The US has suspended preferential access to its market for Bangladesh because of what it sees as slow progress in enforcing heath and safety standards in the country’s largest export industry, ready-made garments, following the Rana Plaza factory disaster (pictured).
The move, announced by the Obama administration on Thursday, could damage the international reputation of the garment industry and hit Bangladesh’s exports.
US preferential access, known as the generalised system of preferences (GSP), does not cover the garments sector. But the Dhaka government is concerned the decision will hurt the sector by highlighting its problems. “It will impact the global perception of the garment industry in Bangladesh,” says Omar Chowdhury, owner of Syntex Knitwear, a garment manufacturer.
US concerns centre on the tragedies at the Rana Plaza building, which killed 1,130 when it collapsed in April, and the Tazreen Fashion’s fire in November, which killed 112.
“For some time with Bangladesh, having the benefits of GSP, has not been compliant with international standards in workers’ rights, finally this petition was signed by the ALFCIO [American Federation of Labour and Congress of Industrial Organisations] and others, calling into question whether the GSP should be continued,” said Senator George Miller, chairman of the house education and labour committee, on a recent trip to Dhaka.
Concerns also include the killing of a labour organiser named Aminul Islam, who was found dead in April last year.
Former Bangladeshi foreign minister Faruq Sobhan, who has been lobbying for greater access to US markets, said: “Specifically the Americans, especially in Congress, have been upset over the death of this labour leader, Aminul Islam, and the fact that the government has so far come up with nothing, this could be symptomatic of a bigger and larger problem.”
Phil Robertson, deputy Asia director of Human Rights Watch, the non-government organisation, said the “killing of Aminul has had a chilling effect on labour union organising, which directly affects exercise of freedom of association, and so should rank prominently in the US government decision on whether to strip GSP status from Bangladesh for failing to protect labour rights.”
The government has repeatedly denied knowing who Islam was despite the fact that he had been imprisoned on at least one occasion.
Chowdhury said the government was “absolutely shameless, they won’t take responsibility for anything that’s happened.”
The danger of the removal of US GSP is that it could further discourage buyers from buying from Bangladesh and could compel the EU, which gives full duty-free access to Bangladeshi garment exports, to cancel its arrangements.
“If the Europeans follow suit, the whole country is doomed,” adds Chowdhury. Some 60 per cent of Bangladeshi garments exports go to the bloc, worth some $12bn a year, compared to $5bn for the US. RMGs make up about 75 per cent of the country’s total exports.
In Dhaka there is a perception of injustice; exporters complaint that whilst the US has given duty-free market access to African and Caribbean states, it has excluded Asian economies. Meanwhile, Bangladesh receives duty-free access to most other developed nations. Sobhan said: “My sense is that it is political more than anything else.”
Title: Re: Textile Sector
Post by: Valueestimator on June 29, 2013, 10:27:09 AM
salfi paid specie dividend which has a market value of 38 per share. wow

http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=044994&qsid=418
Title: Re: Textile Sector
Post by: SBM on June 29, 2013, 11:12:22 AM
salfi paid specie dividend which has a market value of 38 per share. wow

http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=044994&qsid=418

 :D
i ate it.  :dance
expecting some cash with final results too.. 3-4 rupees from tatm ... and 10+ from salt
Title: Re: Textile Sector
Post by: M&M on June 29, 2013, 01:17:42 PM
Pakistan would only benefit if EU withdraws GSP status to Bangladesh.
Title: Re: Textile Sector
Post by: M&M on June 29, 2013, 01:23:25 PM
Next cotton stockpiling policy of China is a major pivot point for local textile companies.
http://www.reuters.com/article/2013/06/07/china-cotton-idUSL3N0EJ0IV20130607
Title: Re: Textile Sector
Post by: SBM on June 29, 2013, 03:57:33 PM
Next cotton stockpiling policy of China is a major pivot point for local textile companies.
http://www.reuters.com/article/2013/06/07/china-cotton-idUSL3N0EJ0IV20130607

timing of said policy change, and mechanism via which stock piles are reduced are  hugely important too.
Title: Re: Textile Sector
Post by: asianstock on June 29, 2013, 06:03:28 PM
(http://jang.com.pk/jang/jun2013-daily/29-06-2013/updates/6-29-2013_623_1.gif)

Textile future is looking really great as PML (N) Govt support it and other thing also support it. Improving in load shadding also benefits for Textile Industry and making jobs for peoples to work..

If major things are moving on right direction then we can see big rally in textile sector.. 80% textile shares in low volume. Expecting to see some good volume in textile sector upcoming months. :fingerscrossed1: :fingerscrossed1: :fingerscrossed1:



Title: Re: Textile Sector
Post by: Valueestimator on June 29, 2013, 07:35:01 PM
textiles has the largest potential in kse
Title: Re: Textile Sector
Post by: Super on June 29, 2013, 07:43:19 PM
textiles has the largest potential in kse

Value Bhai textile mai kaun se companies ke shares buy karne chahiye
Title: Re: Textile Sector
Post by: Tired of broker on June 29, 2013, 08:28:44 PM
textiles has the largest potential in kse

Value Bhai textile mai kaun se companies ke shares buy karne chahiye

NCL, NML, COLONY, CHANAB
Title: Re: Textile Sector
Post by: M&M on June 29, 2013, 08:29:51 PM
Next cotton stockpiling policy of China is a major pivot point for local textile companies.
http://www.reuters.com/article/2013/06/07/china-cotton-idUSL3N0EJ0IV20130607

timing of said policy change, and mechanism via which stock piles are reduced are  hugely important too.

expected before sep'13
Title: Re: Textile Sector
Post by: M&M on June 30, 2013, 04:35:27 PM
Floor brokers said that Indian importers had entered into deals for 2,000 bales of new crop. According to cotton analyst Naseem Usman, the persistent fall in Indian rupee against dollar made cotton import from Pakistan viable and cheaper.

Many Indian dealers were negotiating deals with Pakistani exporters at around 82 cents per lb and around 2,000 bales at 84 cents per lb had been finalised, he added.

http://x.dawn.com/2013/06/30/active-cotton-buying/
Title: Re: Textile Sector
Post by: SBM on June 30, 2013, 06:29:59 PM
Floor brokers said that Indian importers had entered into deals for 2,000 bales of new crop. According to cotton analyst Naseem Usman, the persistent fall in Indian rupee against dollar made cotton import from Pakistan viable and cheaper.

Many Indian dealers were negotiating deals with Pakistani exporters at around 82 cents per lb and around 2,000 bales at 84 cents per lb had been finalised, he added.

http://x.dawn.com/2013/06/30/active-cotton-buying/

Lol
If this is the kind of economics that works in india i wish we had stuck with them.
Curremcy depreciation makes imports expensive not cheaper
Title: Re: Textile Sector
Post by: Valueestimator on June 30, 2013, 07:08:11 PM
When new crop comes, cotton millers propegate about good crop n slowing demand whereas large growers do the opposite.


Mills r not v active in buying therefore such symbolic trade is happening, i believe
Title: Re: Textile Sector
Post by: MZ on July 01, 2013, 01:49:44 PM
Pakistan Textiles: More positives to come
   Incorporating the impact of 1) recent DR cut by 50bps and 2) rolling over TP to Jun14, we have upward revised our target prices of NML and NCL to PKR118/sh and PKR74.1/sh representing a total return of 31% and 32% respectively
   Marked by 1) steady cotton-yarn margins, 2) better export prospects, 3) robust investment portfolio and 4) capacity expansion and low cost fuel alternatives, we re-iterate our BUY stance on NML and NCL
   However, discontinuation of existing Chinese cotton policy and further worsening of global economic scenario will remain the key downside risk to Pakistan textile sector
   Going forward, the local prices in India and Pakistan are expected to remain strong on account of healthy demand from downstream yarn manufacturers. Also, the tight supply situation globally will keep the prices downward sticky

http://res.bmacapital.com/dailyreports/SOD/PDFS/712013.PDF
Title: Re: Textile Sector
Post by: asianstock on July 02, 2013, 12:50:41 AM
(http://jang.com.pk/jang/jul2013-daily/01-07-2013/updates/7-1-2013_814_1.gif)

Laooooooooooooooooooooooooooooo NonStop Power... Laooooooooooooooooooooooooooooooooo Textile..................  :thumbsup_anim: :dance :dance :dance :shoaby: :shoaby:
Title: Re: Textile Sector
Post by: asim.786 on July 02, 2013, 01:53:42 AM
http://www.express.pk/story/144643/
Title: Re: Textile Sector
Post by: SBM on July 03, 2013, 12:51:37 PM
http://www.brecorder.com/br-research/44:miscellaneous/3472:gsp-plus-and-textile-industry/

Although Pakistan qualifies for GSP Plus status but to get the status it would have to submit an application to the EU Commission in Brussels and sources report that the new government is yet to make that application. Now all eyes rest in unison on the pro-industry PML-N regime and the decisions it will make in this regard, are hopefully expected to come to light by the end of this year.
Title: Re: Textile Sector
Post by: asianstock on July 05, 2013, 01:03:14 PM
(http://jang.com.pk/jang/jul2013-daily/05-07-2013/business/bus5.gif)
 :thumbsup_anim: :thumbsup_anim: :thumbsup_anim:
Title: Re: Textile Sector
Post by: SBM on July 08, 2013, 03:58:57 PM
http://www.brecorder.com/pages/article/1208703/2013-07-08/cotton-and-yarn:-fy14-to-augur-well.html
Title: Re: Textile Sector
Post by: SBM on July 08, 2013, 03:59:27 PM
http://www.brecorder.com/company-news/235:pakistan/1208833:pakistan-is-sitting-on-a-white-gold-mine-shoaib-kothawala/?date=2013-07-08
Title: Re: Textile Sector
Post by: SBM on July 08, 2013, 04:12:22 PM
http://epaper.dawn.com/DetailNews.php?StoryText=08_07_2013_606_003
Title: Re: Textile Sector
Post by: asim.786 on July 09, 2013, 02:21:13 AM
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PM’s adviser for electricity supply to textile industry

Staff Report

LAHORE: Special Adviser to the Prime Minister on Energy Dr Musadik Malik has assured All Pakistan Textile Mills Association (APTMA) of putting up a fight for immediate relief on electricity supply to the textile industry.

He was responding to the concerns raised by the APTMA members during his visit to the APTMA House, Lahore the other day. APTMA Central Chairman Ahsan Bashir and Punjab APTMA Chairman Shahzad Ali Khan welcomed the special adviser at the APTMA House.

Dr Malik admitted the fact that situation on ground was more worse than actually projected through media and assured the APTMA members to carry the sentiments they expressed in the meeting to the federal government in true spirit.

He said he would be utilising all his commitments in immediate supply of electricity to textile mills, particularly in Punjab, as per requirement.

However, he urged the APTMA members to show patience and come up with innovative solutions to the energy problem to support him in gigantic task of nation building. I do admit that there are real constraints being faced by the textile industry in Lahore, Faisalabad and Multan and let me say that I would put a fight for you to ensure maximum relief, he said and added that since he has no executive role in the government therefore he cannot extend any promise to the industry.

He said he will use his influence for immediate relief for industry and further added in the same breath that the government was aiming for a level playing field for all stakeholders in the industry.

He also presented a three-year energy plan of the government to the APTMA members, saying that hydro and biomass generation were the corner stones of government’s new energy policy.

Bashir said the government should understand that the industry would not be viable until it is supplied with Rs 10 per unit electricity therefore gas supply to textile industry Captive Power Plants (CPPs) should continue until the government attains the level under its energy vision.

Khan highlighted the plight of textile industry and the workers in particular. He said laying off the workers in the month of Ramazan is a difficult decision for the industry but prevailing constraints on energy supply to mills would bring industry to the verge of closure in next six months. Other members demanded immediate removal of corrupt elements at the DISCOs level.
Title: Re: Textile Sector
Post by: SBM on July 13, 2013, 01:11:34 AM
http://tribune.com.pk/story/576199/lack-of-investment-in-it-impedes-textile-sectors-growth/
Title: Re: Textile Sector
Post by: Farzooq on July 17, 2013, 02:20:01 PM
AKD Daily

Jul'13 - Global Cotton Update

USDA has recently released its "Cotton: World Markets and Trade" report for Jul'13. In this regard, USDA has increased estimates for ending stocks for both MY12-13 (MY: Marketing Year, August 1st to July 31st) and MY13-14, by 644k bales and 1,849k bales, respectively, from their Jun'13 estimates. This increase in inventories comes on the back of an upward revision in production estimates coupled with a downward revision in consumption estimates. Changes in production forecasts in MY14 were driven primarily by an increase in production from India while on the demand side, consumption estimates saw significant slippage in Pakistan (4% for MY12/13 and 3% for MY13/MY14), possibly due to the chronic energy shortages. Expected changes in the Chinese cotton reserve policy are likely to continue affecting cotton trade forecasts as well as consumption figures. In this regard, tepid recovery in the EU and a slowdown in China are seen as the major factors behind sluggish global demand outlook for cotton. Regarding the latter, Chinese demand for imported cotton is expected to continue on its downward trend as strict import quotas and sale of cotton from the Chinese state reserves substitute imports. This decline in Chinese demand along with rising global inventory may result in downward pressure on cotton prices going forward. Aided by its solid portfolio, NML remains our preferred play in the textiles space where our Jun'14 TP of PkR131/share offers an upside of 25%.
Title: Re: Textile Sector
Post by: M&M on July 19, 2013, 11:49:23 PM
http://www.moneycontrol.com/news_html_files/broker_report/2013/July-190713-56190713.pdf
Title: Re: Textile Sector
Post by: zm61 on July 20, 2013, 02:24:33 AM
http://www.moneycontrol.com/news_html_files/broker_report/2013/July-190713-56190713.pdf
Seniors anyone have carried out any work on Saif Textiles? Want to seek ur advise please! :skeptic:
Title: Re: Textile Sector
Post by: Valueestimator on July 20, 2013, 02:34:13 AM
@ Poker face, whats your views about rewm and fasm. N mqtm
Title: Re: Textile Sector
Post by: SBM on July 20, 2013, 07:40:46 AM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1212956:cotton-market-comes-under-pressure/?date=2013-07-19
Title: Re: Textile Sector
Post by: asim.786 on July 21, 2013, 04:08:42 AM
Sunday, July 21, 2013 More Sharing ServicesShare|Share on facebookShare on twitterShare on linkedinShare on stumbleuponShare on emailShare on print|Textile sector to improve tremendously during 2013-14By Ijaz Kakakhel ISLAMABAD: Textile sector is expected to grow at a good pace as European Union (EU) has supported Pakistan’s effort to integrate into the global economy by granting Pakistan’s export EU-reduced tariffs under the EU’s Generalised System of Preference (GSP) during the year 2013-14.This allows almost 20 percent of Pakistani exports to enter the EU at zero tariff while a further 70 percent is allowed to enter at preferential tariff. Pakistan’s exports are dominated by textile and clothing, up to the value of 2.6 billion euros while EU imports textiles and clothing with a value of 3.5 billion euros annually therefore, chances of growth of textile sector are bright. As far as financial progress of textile sector is concerned, an allocation of Rs 315 million has been appropriated for textile sector for financial year 2013-14 for the five projects.Major projects to be carried out in textile sector during 2013-14 are: Pak-Korean Garments Technology Training Institute, Karachi (Rs 300 million); Lahore Garment City Company, Lahore (Rs 586.84 million); Faisalabad Garment City Company, Faisalabad (Rs 498.80 million); Providing and Laying Dedicated 48-inch Diametre Mild Steel Water Pipeline for the Pakistan Textile City Karachi (Rs 636.60 million) and Extension in Export Development Plan Implementation Unit (Rs 59.17 million).The main goal of the Ministry of Textile Industry is to strive hard to achieve a new culture, which would expedite the process of improvement in all the segments of textile sector and will be synergistic for industry to boost its share in global trade. In order to achieve its objectives, Ministry of Textile Industry initiated the Garment City Projects such as Lahore Garment City, Faisalabad Garment City etc, which were meant for value-added finished textile products to compete in global market.Officials in the Ministry of Textile told Daily Times that textile industry plays a very important role in Pakistan’s economy. The textile industry is major part of Pakistan’s economy and contributes around 54 percent of the total exports earnings of the country and contributes 8.5 percent to gross domestic product. Textile industry is labour-intensive industry and offers entry-level jobs for unskilled workers. It plays a very important role especially in clothing sector. Moreover, textile and clothing industry accounts for 46 percent of the total manufacturing and provides employment to 38 percent of the manufacturing labour force. The cheap availability of basic raw material for the textile industry, like, cotton, has also played a significant role in the growth of the industry.Pakistan’s textile industry is facing tough competition from the regional competitors. The cost of doing business in Pakistan is high as compared to other regional competitors. On account of these reasons, the Pakistan textile industry is going through crucial phase. The problems with energy sector are particularly significant and are taking a toll on textile sector productivity. Furthermore, constrained energy sector also increases cost of production of textile commodities as well as results in depressed demand. But there is no denial of the fact that there exists immense potential for growth and development of textile industry. Following are the challenges faced by textile sector.The textile industry is confronting several challenges like, acute shortage of trained manpower, lack of diversification, inflated cost of doing business, problems in regulatory framework, lack of quality control system, weak social and physical infrastructure, old technology, bad law and order situation, high power cuts and load shedding and others.In view of the anticipated competition with rival countries, efforts are being made to make textile and clothing sector more dynamic and competitive as per targets set in economic growth framework strategy. To sustain its position and increase its share and to move into high value added products, Textile sector must bring in an advanced machinery equipment and new technology. The training of workers, improvement in labour productivity, research and development, product diversification and branding, increased productivity and competitiveness of textile markets will pave the way for the development of textile sector in Pakistan besides implementation of these strategies through result-based management will improve the capacity and capability of textile sector to great extent. Moreover, ultimate incidence of textile policy should be judged on rational basis and there should be no favorites and focus should be on increasing the capacity of textile sector. Following are the strategies for the development of textile sector.The government has determined to improve textile sector through increased productivity and textile market competitiveness, creativity and entrepreneurship, quality governance, connectivity of markets and people, engagement of youth and community, implementation of growth framework strategy through result
Title: Re: Textile Sector
Post by: asim.786 on July 22, 2013, 01:47:10 AM
http://www.express.pk/story/152722/
Title: Re: Textile Sector
Post by: TechGuru on July 22, 2013, 02:03:25 PM
SAIF CAP!!
Title: Re: Textile Sector
Post by: asim.786 on July 22, 2013, 11:07:24 PM

(9221) 111 262 111

BMA Capital Management Ltd.

Pakistan Textile Sector witnessed a robust trend in exports during the outgoing FY13 as exports of the sector surged by 6% to PKR13.1bn. The notable surge in exports is primarily attributable to 24% and 12% uptick in exports of cotton yarn and cloth.

Going forward, we expect the current momentum in textile exports to continue in FY14 mainly driven by exports of cotton yarn, cloth and select value added item.

Pakistan textile sector is expected to enter FY14 on a high note as 1QFY14 will be marked by 1) improvement in gas availability, 2) ~6% YoY depreciation in average PKR value, 3) healthy exports trend and 4) 6% YoY higher cotton yarn prices.

Based on our TP of PKR120/sh, NML offers a total return of 15% against current trading level. NCL follows with a TP of PKR74/sh depicting a total return of 17% against its current market price thus justifying “BUY” stance.

Textile Exports: a notable surge of 6% YoY in FY13

Pakistan textile sector witnessed a robust trend in exports during the outgoing FY13 as exports of the sector surged by 6% YoY to PKR13.1bn compared to PKR12.3bn in the corresponding period last year. The notable surge in exports is primarily attributable to 24% and 12% uptick in exports of cotton yarn and cloth respectively (cumulative share of 37% in total textile exports). Chinese cotton yarn import boom courtesy of their cotton procurement policy (priced at ~59% higher than international cotton prices) seems to be the prime reason behind stellar growth in cotton yarn sales (volumetric sales up by 28% YoY in FY13). Whereas, decent growth in cotton cloth exports can be attributed to better

demand from EU region (started to pick up from Mar13).
Title: Re: Textile Sector
Post by: asianstock on July 23, 2013, 12:06:57 AM
(http://jang.com.pk/jang/jul2013-daily/22-07-2013/updates/7-22-2013_3060_1.gif)

Textile Rally can be start upcoming days.. :) :fingerscrossed1: :fingerscrossed1: :fingerscrossed1: :fingerscrossed1:
Title: Re: Textile Sector
Post by: asim.786 on July 23, 2013, 12:43:10 AM
http://www.express.pk/story/152711/
Title: Re: Textile Sector
Post by: SBM on July 23, 2013, 12:54:47 PM
party has started  :clap1:
Title: Re: Textile Sector
Post by: M&M on July 23, 2013, 07:10:21 PM
The Ministry of Finance, China National Textile and Apparel Council and other related departments are currently conducting research works relating to the policy of granting direct subsidies to cotton industry, and pilot programs may be initiated later this year and the policy may be officially introduced in 2014, China Securities Journal reported.
Title: Re: Textile Sector
Post by: asim.786 on July 24, 2013, 10:00:02 PM
Successful textile trends look set to continue in FY14
Staff ReportTODAY AT 6:30 ??

In terms of sales and profits FY13 was one of the ‘better years’ for Pakistan’s textile sector, analysts said, adding that this trend looked to continue in FY14.

This trend was also reflected in a more than 100 percent price performance of some of the listed sample textile firms with a market capitalisation of above Rs 250 million in FY13, the analysts added.
"Though the energy crisis kept on adversely affecting the industry, especially in the winters, a four-time jump in the profits of the sample was attributed chiefly to the stable cotton prices and solid regional demand," Topline Research’s Zeeshan Afzal said.
Furthermore, he said that the continuous depreciation of the rupee and cheaper financing also enhanced the profits.
According to Afzal, FY13 remained quite favourable for the textile sector as prices remained stable and floated around $80/lb and additionally, strong yarn and grey cloth demand from the Chinese region provided additional profits.
In FY13 Pakistan exported $13 billion in textile products which was up by 5.9 and 14.7 percent in terms of rupees and dollars, respectively.
"Considerable growth in exports was largely attributed to the imposition of the cotton floor price in China that encouraged Chinese textile manufacturers to import more yarn and grey cloth," Afzal said.
Textile profitability increased four-fold: As the result of aforementioned factors, the profitability of the textile sample firms improved four-fold to Rs 22.8 billion in 9MFY13 against Rs 4.4 billion in the corresponding period the previous year, Afzal said. "Our broad sample of textile firms (67 companies) included listed textile companies having a minimum of Rs 250million in market capitalisation. However, we omitted Azgard Nine and Indus Dying from the sample due to their abnormal and volatile bottom-line," the analyst added.
The analyst expected the growth in textile sector exports to continue in FY14 due to continued textile demand from China and estimated an estimated seven percent depreciation of the rupee.
"Although much depended on the international cotton prices, we do not see any major volatility in local cotton prices in FY14...Our supposition comes from preliminary estimates of CCAC (Cotton Crop Assessment Committee) which estimated Pakistan’s cotton production of 13.25million bales in FY14, slightly better than FY13’s 13.0million bales," he added. Moreover, the expected GSP Plus status from European Union (EU) and an expected improvement in the energy situation would likely support earnings in FY14, he added.
Title: Re: Textile Sector
Post by: asianstock on July 24, 2013, 10:15:39 PM
(http://jang.com.pk/jang/jul2013-daily/24-07-2013/updates/7-24-2013_3276_1.gif)
Title: Re: Textile Sector
Post by: Daftari on July 25, 2013, 12:55:25 PM
SAIF CAP
MQTM CAP
ZAHT CAP
KOHT CAP
BROT CAP
  :bigeyed:
Title: Re: Textile Sector
Post by: Valueestimator on July 25, 2013, 02:07:21 PM
SAIF CAP
MQTM CAP
ZAHT CAP
KOHT CAP
BROT CAP
  :bigeyed:

rewm is near capped
Title: Re: Textile Sector
Post by: MZ on July 25, 2013, 06:08:55 PM
AKD Daily

Textile Exports: Up 6%YoY in FY13

The Pakistan Bureau of Statistics recently released exports data for Jun'13. In this regard, while textile exports fell sequentially by 4%MoM to US$1.14bn, on a YoY basis exports were up by 5%. Cumulative exports for FY13 came in at US$13.06bn, a rise of 6%YoY with notable increase witnessed in yarn exports (+24%YoY to US$2,244mn). For Jun'13, yarn exports slipped by 5%MoM to 60.3k tons following a 15%MoM decline (increase of 34%YoY) in Chinese yarn imports. Outlook for Chinese yarn imports is clouded by the recent slowdown in manufacturing activity (HSBC Flash China PMI reading of 47.7 for Jul'13, down from 48.2 in Jun'13) as well as potential change in cotton policy. Nevertheless, secular shift towards high value added textile production in China should support yarn import demand in the long term. Within the textile space we continue to favor NCL and NML due to their strong client base, thereby resulting in relatively lower sales risk as well as healthy portfolio income. We have an ‘Accumulate’ stance on NCL and a 'Buy' recommendation on NML which are trading at FY14F P/E of 4.2x and 6.1x, respectively, and offer 18% and 20.5% upsides to our TP of PkR81/sh and PkR131/sh.
Title: Re: Textile Sector
Post by: Farrukh Muqeem on July 26, 2013, 01:05:35 PM
Seniors ! Any body .....have information about Saritow Spinning?.

I have received Buy call .
Title: Re: Textile Sector
Post by: SBM on July 26, 2013, 02:25:23 PM
Seniors ! Any body .....have information about Saritow Spinning?.

I have received Buy call .

Financial s are unavailable ....
Title: Re: Textile Sector
Post by: Valueestimator on July 26, 2013, 04:03:10 PM
Buy NML for 5 years, target 500 (to be adjusted for bonus or rights)

July 25- 2018.

Cumulative Return 354%


Title: Re: Textile Sector
Post by: Abid_ali on July 26, 2013, 04:22:10 PM
Buy NML for 5 years, target 500 (to be adjusted for bonus or rights)

July 25- 2018.

Cumulative Return 354%
Title: Re: Textile Sector
Post by: Abid_ali on July 26, 2013, 04:28:07 PM
Buy NML for 5 years, target 500 (to be adjusted for bonus or rights)

July 25- 2018.

Cumulative Return 354%
great, fabolous return
Title: Re: Textile Sector
Post by: SBM on July 26, 2013, 04:57:11 PM
Buy NML for 5 years, target 500 (to be adjusted for bonus or rights)

July 25- 2018.

Cumulative Return 354%

Lol
5 years is long time away.
Though nml is must have for any long term pf. Have always said so.
Title: Re: Textile Sector
Post by: SBM on July 30, 2013, 11:52:16 PM
http://www.ptj.com.pk/2008/Journal-Archive.htm

decent resource for textile industry
Title: Re: Textile Sector
Post by: SBM on July 31, 2013, 12:20:11 AM
 comparison of regional textile production capacity

http://aptma.org.pk/?p=3061
Title: Re: Textile Sector
Post by: SBM on August 03, 2013, 01:34:46 AM
http://tribune.com.pk/story/585775/textile-industry-braces-for-power-tariff-increase/
Title: Re: Textile Sector
Post by: Farzooq on August 03, 2013, 12:43:32 PM
INDUSTRIAL: With the addition of 81 paisa per unit equalisation surcharge for all industrial consumers, the tariff for B-1 consumers will increase to Rs15.31 per unit from Rs10.51. The B-1 TOD peak rate will increase to Rs18.81 per unit from Rs13.99 while off-peak rate will jump to Rs16.31 per unit from Rs8.22.

The B-2 tariff will go up to Rs14.81 per unit from Rs9.14; B-2 TOD peak rate to Rs18.81 per unit from Rs12.77 and off-peak rate to Rs13.11 per unit from Rs8.01.

The B-3 TOD peak rate will increase to Rs18.81 per unit from Rs12.68 and off-peak rate to Rs10 per unit from Rs7.75.

http://www.dawn.com/news/1033495/power-tariff-hike-to-generate-rs144bn
Title: Re: Textile Sector
Post by: jaz on August 03, 2013, 01:14:33 PM
Textile sector set to report robust profitability
DILAWAR HUSSAIN
- File Photo
Published
2013-08-03 12:13:11



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KARACHI: As financial results reporting season gains momentum, investors in textile sector are looking forward to splendid growth in profitability, which would probably match the financial year 2013 performance.

The profitability of textile (sample firms) scaled four-fold to Rs22.8 billion in three-quarters of financial year 2013 (9MFY13) as against Rs4.4bn in the same period last year.

The upcoming results for the fourth-quarter (April-June) are thought to extend that happy trend.

When the stock prices of dead and dying textile companies started to stir to life last year, leading the KSE-100 index upwards from the 12,000 level, many thought that to be an attempt by the equity dealers to trap small investors as much of the activity took place in second and third tier or ‘penny’ stocks.

But the financial figures unveiled by companies seemed to justify the jubilation.

“Last fiscal year, FY13, was one of the better years for Pakistan textile sector in terms of sales and profits which was also reflected in more than 100pc price performance of our sample listed textile firms with market capitalisation of over Rs25 million,” says Zeeshan Afzal at brokerage Topline Securities.

Though shortage of power remained the perennial problem, especially in winter, the textile companies’ jump in profits by 400pc was mainly attributed to stable cotton prices and strong regional demand.

Moreover, continuous depreciation of rupee against the dollar and cheaper financing also contributed to hefty earnings growth.

With operating conditions remaining about the same, analysts expect another round of healthy corporate earnings results this season.

Moreover, GSP Plus status from European Union and slight improvement in energy situation was likely to support earnings in FY14.

The textile sector has seen a favourable year as prices remained stable and floated around $80 per lb.

Further, strong yarn and grey cloth demand from China coupled with depreciation in the value of rupee by 7pc also helped shore up the bottomline.

In FY13, Pakistan exported $13bn worth textile products which was up by 5.9pc in dollar terms but represented improvement by 14.7pc in local currency due to the drop in value of the rupee.

Considerable growth in exports was attributed mainly to imposition of cotton floor price in China that encouraged Chinese textile manufacturers to import more yarn and grey cloth instead of converting yarn into costly local cotton.

Resultantly, Pakistan’s yarn and grey cloth exports increased by 24pc and 10pc to $2.2bn and $2.7bn, respectively, in FY13. The latest results of the textile sector are expected to show continuous growth in export for FY14 on the back of sustained textile demand from China and substantial depreciation in local currency.

However, analysts caution that much would depend upon international cotton prices, though major volatility was unlikely to be seen in local cotton prices in FY14. The encouragement was based on estimates of Cotton Crop Assessment Committee (CCAC) which estimated Pakistan’s cotton production at 13.25million bales in FY14, slightly higher over the 13.0 million bales produced by the country in FY13.

Exports and profits of the sector could also improve due to expected Generalised System of Preferences (GSP Plus) status from EU as lower import duties would provide the country’s product competitive edge in international markets. “Further operating environment of the textile sector may see further improvement in low interest rate scenario,” analysts said, the caveat, however, being the all-important improvement in energy situation.
Title: Re: Textile Sector
Post by: zm61 on August 04, 2013, 07:10:52 PM
http://www.moneycontrol.com/news_html_files/broker_report/2013/July-190713-56190713.pdf
Seniors please advice Saif Textiles 3rd quarter eps rs 5.35 nine months eps rs 10.61. :skeptic:
Title: Re: Textile Sector
Post by: SBM on August 05, 2013, 01:11:00 AM
   Draft of textile law moved to cabinet (http://www.brecorder.com/cotton-a-textiles/185:pakistan/1217888:draft-of-textile-law-moved-to-cabinet/?date=2013-08-04)
Title: Re: Textile Sector
Post by: SBM on August 05, 2013, 01:39:38 AM
Current ICAC cotton estimates as last year (http://www.brecorder.com/cotton-a-textiles/185:pakistan/1217529:current-icac-cotton-estimates-as-last-years/?date=2013-08-03)
Title: Re: Textile Sector
Post by: SBM on August 07, 2013, 05:07:44 AM
BR - Textile sector: where is the growth? (http://www.brecorder.com/br-research/44:miscellaneous/3574:textile-sector-where-is-the-growth/)

"The lobbyists stance on the whole matter, however, is another matter altogether. Talk to an active member of one of the many textile organizations, and he will tell you that everything and anything that goes wrong within the sector is the governments doing.

Like a hard to please wife, the sector is hardly ever happy with the set of incentives the government has already provided and save the government routing everyone elses electricity to the textile mills, there is apparently little else that will satisfy these lobbyists"

all lobby groups are a bunch of blood sucking frauds.
Title: Re: Textile Sector
Post by: Valueestimator on August 07, 2013, 01:09:46 PM
purchase of gadt shares by YB, at 175 is a very good sign for the other companies.
Title: Re: Textile Sector
Post by: 007 on August 08, 2013, 07:58:08 PM
Textile: Many textile companies are heavily reliant on state-owned power companies for meeting their energy
requirement. For Nishat Mill Ltd (NML) which depends 30-40% on grid power, we estimate power tariff hike can
alone have PKR549mn or PKR1.5/sh impact on the bottom-line

Source Foundation Research

wait on textiles I guess
Title: Re: Textile Sector
Post by: SBM on August 12, 2013, 02:09:25 PM
fs can go fish themselves.

back of envelope calculations suggest 50 % increase in gas price will reduce spinning sector earnings by 25%.
majority of the spinning sector is on captive power.
Title: Re: Textile Sector
Post by: SBM on August 12, 2013, 02:23:04 PM
party has started  :clap1:

restarted ?
Title: Re: Textile Sector
Post by: SBM on August 12, 2013, 06:03:10 PM
http://tribune.com.pk/story/588844/powerless-in-faisalabad/

 :D

Title: Re: Textile Sector
Post by: SBM on August 13, 2013, 06:24:42 AM
Cotlook A above 90 again.  :dance

Title: Re: Textile Sector
Post by: SBM on August 13, 2013, 07:34:58 AM
  UPDATE 2-USDA cuts forecasts for U.S., global cotton production (http://www.reuters.com/article/2013/08/12/markets-cotton-usda-idUSL2N0GD0X620130812)

NEW YORK, Aug 12 (Reuters) - The U.S. Department of
Agriculture on Monday lowered its forecast for U.S. and global
cotton production in the 2013/14 crop year and reduced its
outlook for record global inventories.
    The USDA cut its projection for output in the United States,
the world's top cotton exporter, on lower yields; it cut its
forecast for output in China, the world's largest cotton
producer, on unfavorable weather.
    The changes prompted the USDA to also reduce its projections
for ending stocks, though worldwide inventories are still
expected to be at a record high by the end of the crop year that
began on Aug. 1.
Title: Re: Textile Sector
Post by: rahimjavaid on August 14, 2013, 04:28:24 PM
http://images.thenews.com.pk/14-08-2013/ethenews/e-195711.htm

Walt Disney cancels import orders worth $150 million
Khalid Mustafa

ISLAMABAD: In an alarming development, the Walt Disney Company has decided to cancel import orders worth $150 million after assessing that 16 textile companies handling their orders in Pakistan weren’t meeting international health and safety standards.
Pakistan’s total exports to the US stand at $ 3.6 billion, of which textile exports account for $3.2 billion. To make matters worse for the textile industry, Pakistan has also failed to improve its position in the worldwide governance index (WGI), according to official documents available with The News.
Pakistan scored just 19 points in the WGI, six points below the baseline to avoid cancellation of orders. However, textile ministry officials are of the view that Pakistan has been subjected to sheer injustice during the point awarding process. “Pakistan has been given just 0.5 points in the head of political stability despite the fact that the recent smooth transition of power is simply the result of political stability,” said one official.
The 16 companies, which have been issued the letter of disconnection from Walt Disney, include Younas, Afroze, Lucky, Sadaqat, Kamal, Gohar, Satara and Crescent. However, official sources said textile industry officials fear that the move might have a cascading effect with other US companies importing from Pakistan, such as Wall Mart, Jones Apparel, Nike, Levis Strauss and GAP, also cancelling their import orders.
US companies – Wall Mart, Jones Apparel, Nike, Levis Strauss and GAP – annually import textile products worth $1.2 billion in total from Pakistani companies. In total 34 factories in Pakistan are exporting textile products to these US companies. These factories employ around 25,000 people, who are likely to become jobless in case the above mentioned US companies cancel their import orders. Sources said that US companies have also expressed concern over a factory fire in Karachi in which hundreds of men and women perished.
Meanwhile, Secretary Textile Industry Division, Rukhsana Shah, confirmed the development but said a strategy had been evolved with assistance from the Ministry of Commerce to tackle the issue. “We are on it and have mapped out a strategy to alleviate the concerns of US companies.”
However, official sources said that European companies TESCO and ESDA are also expected to cancel their orders due to poor adherence of labour laws in Pakistan. It is observed that Pakistan is not responding to the International Labour Organisation (ILO) on poor labour conditions and a weak monitoring and enforcement system.
The working conditions in Punjab have deteriorated ever since the abolition of labour inspections almost seven years ago. On the other hand, the presence of underage workers is increasing everyday at these industrial units.
Facing the risk of losing out on a huge chunk of its textile exports to the US and other countries, Pakistan is now left with no option but to either improve the indicators or join the Better Work Programme (BWP).
If Pakistan joins the Better Work Programme then it will have to show adherence to three components that include i) Compliance Assessment Activities in factories: auditors evaluate if the factories are adhering to ILO’s core labour standards and national labour laws. 2) Continuous Improvement: Better Work staff facilitates dialogue between managers and workers to address their report’s findings and submits regular progress reports. 3) Stakeholder Engagement: buy-in for the programme and activities occurs at all levels, including government, employers, unions and workers, and international buyers.
Better Work is improving the lives of thousands of working people worldwide. For example, over 90% of garment factories in Cambodia now pay their workers appropriate wages, including overtime, and allow for maternity and annual leave. Also, Better Work’s goal is to improve the lives of 700,000 people in five years in Vietnam alone.
The programme’s sustainable design also sets it apart. While donor countries (including the US) contribute funds to develop and implement these programmes, international garment buyers pay for factory audits and related activities. These buyers include big names such as GAP, Levi Strauss, and Adidas. Better Work’s goal is to make each programme financially sustainable within five to seven years
This partnership programme has been jointly launched by the ILO and the International Finance Cooperation (IFC) launched in 2007 after the success of the ILO Better Factories Cambodia Project.
As far as the issuance of the letter of disconnection by Walt Disney is concerned, the official source said: “We have sensitised the economic minister in Pakistan’s embassy in Washington who is in contact with the top management of the Wart Disney in a bid to assure the US company that Pakistan will upgrade itself in WGI in 2014.”
The Ministry of Commerce and Textile is also going to discuss the issue with Prime Minister Nawaz Sharif soon as he is currently holding the slot of commerce minister, while Finance Minister Ishaq Dar has also been informed about the distressing development.
Title: Re: Textile Sector
Post by: rahimjavaid on August 14, 2013, 04:30:32 PM
Serious Set back for --->The 16 companies, which have been issued the letter of disconnection from Walt Disney, include Younas, Afroze, Lucky, Sadaqat, Kamal, Gohar, Satara and Crescent


http://images.thenews.com.pk/14-08-2013/ethenews/e-195711.htm

Walt Disney cancels import orders worth $150 million
Khalid Mustafa

ISLAMABAD: In an alarming development, the Walt Disney Company has decided to cancel import orders worth $150 million after assessing that 16 textile companies handling their orders in Pakistan weren’t meeting international health and safety standards.
Pakistan’s total exports to the US stand at $ 3.6 billion, of which textile exports account for $3.2 billion. To make matters worse for the textile industry, Pakistan has also failed to improve its position in the worldwide governance index (WGI), according to official documents available with The News.
Pakistan scored just 19 points in the WGI, six points below the baseline to avoid cancellation of orders. However, textile ministry officials are of the view that Pakistan has been subjected to sheer injustice during the point awarding process. “Pakistan has been given just 0.5 points in the head of political stability despite the fact that the recent smooth transition of power is simply the result of political stability,” said one official.
The 16 companies, which have been issued the letter of disconnection from Walt Disney, include Younas, Afroze, Lucky, Sadaqat, Kamal, Gohar, Satara and Crescent. However, official sources said textile industry officials fear that the move might have a cascading effect with other US companies importing from Pakistan, such as Wall Mart, Jones Apparel, Nike, Levis Strauss and GAP, also cancelling their import orders.
US companies – Wall Mart, Jones Apparel, Nike, Levis Strauss and GAP – annually import textile products worth $1.2 billion in total from Pakistani companies. In total 34 factories in Pakistan are exporting textile products to these US companies. These factories employ around 25,000 people, who are likely to become jobless in case the above mentioned US companies cancel their import orders. Sources said that US companies have also expressed concern over a factory fire in Karachi in which hundreds of men and women perished.
Meanwhile, Secretary Textile Industry Division, Rukhsana Shah, confirmed the development but said a strategy had been evolved with assistance from the Ministry of Commerce to tackle the issue. “We are on it and have mapped out a strategy to alleviate the concerns of US companies.”
However, official sources said that European companies TESCO and ESDA are also expected to cancel their orders due to poor adherence of labour laws in Pakistan. It is observed that Pakistan is not responding to the International Labour Organisation (ILO) on poor labour conditions and a weak monitoring and enforcement system.
The working conditions in Punjab have deteriorated ever since the abolition of labour inspections almost seven years ago. On the other hand, the presence of underage workers is increasing everyday at these industrial units.
Facing the risk of losing out on a huge chunk of its textile exports to the US and other countries, Pakistan is now left with no option but to either improve the indicators or join the Better Work Programme (BWP).
If Pakistan joins the Better Work Programme then it will have to show adherence to three components that include i) Compliance Assessment Activities in factories: auditors evaluate if the factories are adhering to ILO’s core labour standards and national labour laws. 2) Continuous Improvement: Better Work staff facilitates dialogue between managers and workers to address their report’s findings and submits regular progress reports. 3) Stakeholder Engagement: buy-in for the programme and activities occurs at all levels, including government, employers, unions and workers, and international buyers.
Better Work is improving the lives of thousands of working people worldwide. For example, over 90% of garment factories in Cambodia now pay their workers appropriate wages, including overtime, and allow for maternity and annual leave. Also, Better Work’s goal is to improve the lives of 700,000 people in five years in Vietnam alone.
The programme’s sustainable design also sets it apart. While donor countries (including the US) contribute funds to develop and implement these programmes, international garment buyers pay for factory audits and related activities. These buyers include big names such as GAP, Levi Strauss, and Adidas. Better Work’s goal is to make each programme financially sustainable within five to seven years
This partnership programme has been jointly launched by the ILO and the International Finance Cooperation (IFC) launched in 2007 after the success of the ILO Better Factories Cambodia Project.
As far as the issuance of the letter of disconnection by Walt Disney is concerned, the official source said: “We have sensitised the economic minister in Pakistan’s embassy in Washington who is in contact with the top management of the Wart Disney in a bid to assure the US company that Pakistan will upgrade itself in WGI in 2014.”
The Ministry of Commerce and Textile is also going to discuss the issue with Prime Minister Nawaz Sharif soon as he is currently holding the slot of commerce minister, while Finance Minister Ishaq Dar has also been informed about the distressing development.

Title: Re: Textile Sector
Post by: SBM on August 14, 2013, 05:47:41 PM
these arent listed ...
Title: Re: Textile Sector
Post by: rahimjavaid on August 15, 2013, 12:07:54 AM
 :$: :confused1: :$:

Any chance of the orders being sub let to these
Title: Re: Textile Sector
Post by: SBM on August 15, 2013, 10:07:09 AM

Cotton futures that already are up more than any other commodity this year are headed for their highest price since February 2012, according to a technical analysis by FuturePath Trading LLC.

The moving average convergence-divergence, known as MACD, crossed above the signal line on Aug. 6, and the gap has widened since then in a repeat of bullish trends seen during rallies in March, May and June. The pattern suggests prices will gain 4.9 percent by October to 96 cents a pound on ICE Futures U. [...]

Read the full story at http://www.bloomberg.com/news/2013-08-14/cotton-macd-trend-signaling-rally-to-october-technical-analysis.html
Title: Re: Textile Sector
Post by: faisalkhan on August 15, 2013, 01:03:55 PM
whre is MSOT (Masood Textiles heading) ?
Title: Re: Textile Sector
Post by: SBM on August 15, 2013, 02:01:25 PM
whre is MSOT (Masood Textiles heading) ?

financials not available so no idea.
Title: Re: Textile Sector
Post by: faisalkhan on August 15, 2013, 02:31:34 PM
i couldnt find anything detailed too...

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=MSOT:KAR
Title: Re: Textile Sector
Post by: MZ on August 15, 2013, 03:57:11 PM
Cotton Update: August 2013

USDA released its cotton report this week whereby Chinese production estimates for MY13/14 (MY: Marketing year starting August 1st and ending July 31st) have been cut by 1mn bales to 33mn bales, a three year low. While inventory level estimates have been revised upwards, the total cut of 1.6mn bales from a month earlier leads to lower global inventory levels in MY13/14E. With the largest cut coming from China and the state continuing its cotton support price policy, we are likely to witness an increase in import of cotton and cotton yarn by China at least in the near-term. This will likely lead to decreasing inventory levels in the rest of the world. Going forward, optimism about an economic recovery in the EU as the bloc posts the first positive GDP growth in seven quarters, coupled with a cut in global cotton production forecasts, is likely to fuel another rally in cotton prices. Consequently, we may also witness a rally in local cotton prices particularly if flooding in Pakistan hurts cotton crops significantly. With textile mills such as NCL and NML that were stocked up on cotton in 1HFY13 running out of cheaper cotton inventory, profitability margins are likely to be determined by timing of purchase of inventory and subsequent cotton price movement, particularly for spinning companies. At current levels our TP of PkR131/share for NML offers 25% upside while our TP of PkR81/share for NCL implies 22% upside.

AKD
Title: Re: Textile Sector
Post by: SBM on August 16, 2013, 09:56:51 AM
Under normal circumstances, we expect to harvest about 13.25 million bales of cotton this season (2013-2014), subject to clement weather. Domestic mills are projected to need about 15 million bales, exporters may ship between half a million to one million bales while the mills may import from 1.5 million to two million bales. Yarn prices are said to be steady

Cotton prices climb higher due to tight supplies (http://www.brecorder.com/cotton-a-textiles/185:pakistan/1220769:cotton-prices-climb-higher-due-to-tight-supplies/?date=2013-08-16)
Title: Re: Textile Sector
Post by: Hamid Mamraiz on August 16, 2013, 03:20:42 PM
re-entered stjt today, 9 months eps Rs 8
hamid bro tgt pl
STJT 48-50 target insha ALLAH till Oct.

STJT Target achieved  :dance  It Touched 54.99
Title: Re: Textile Sector
Post by: Valueestimator on August 17, 2013, 10:35:19 AM
ICE Cotton #2 USd/lb. 93.32 +1.53 +1.67% Dec 13 14:29

cotton going up,
Title: Re: Textile Sector
Post by: Zedenc on August 17, 2013, 01:58:21 PM
re-entered stjt today, 9 months eps Rs 8
hamid bro tgt pl
STJT 48-50 target insha ALLAH till Oct.

STJT Target achieved  :dance  It Touched 54.99
Many Greetings. God Bless you - Ameen.
Pl.keep it up
Title: Re: Textile Sector
Post by: tariqmeh on August 17, 2013, 06:10:25 PM
Govt takes various measures for increasing exports, NA told

By Ijaz Kakakhel

ISLAMABAD: The National Assembly on Friday was informed that the government has taken various measures including active trade diplomacy for increasing country’s exports.

The legislators were told that through active trade diplomacy, the government is trying to get better market access for the local businesses in international markets by concluding Free Trade Agreements (PTAs) and Preferential Trade Agreements (PTAs) with different countries.

Steps have been taken to improve export of Pakistani products to the new and existing markets of different regions.

Americas: In order to improve export of Pakistani products, Commerce Division in collaboration with United States Trade Representative (USTR) Office have conducted one seminar and three web-based interactions during the last 12 months to educate exporters on the opportunities available under US Generalised System of Preferences (GSP) Scheme. Second US-Pakistan Business Opportunities Conference was held on June25-26, 2013 in Dubai, UAE. The conference provided an opportunity to US and Pakistani businessmen and investors to interact and enter business deals.

With the approval of Federal Cabinet Commerce Division has forwarded draft text of Memorandum of Understanding between Ministry of Commerce Pakistan and Ministry of Foreign Affairs, International Trade and Worship of the Argentine Republic in the field of trade promotion and technology transfer in international trade. The MoU would be signed during the next high-level visit from either side. The Commerce Division has constituted a Joint Study Group (JSG) with Chile to explore possibilities of FTA between the two countries.

Agreement on South Asian Free Trade Area (SAFTA): To enhance regional trade, SAFTA was signed on April 11, 1993 in Dhaka to provide preferential tariff concession on regional imports of member countries. Later, the agreement on SAFTA was signed during the 12th SAARC Summit held in Islamabad on January 6, 2004. The agreement was enforced from July 1, 2006. Presently, SAARC member states are in the process of reducing their sensitive lists under SAFTA. A sub-group on Non-Tariff Measures (NTMs) has also been established in order to effectively address the issue of NTMs including standards, testing and certification.

Pakistan-India trade normalisation process: Pakistan and India are in the process of normalising bilateral trade relations under resumed Composite Dialogue. As a first step, negative list of 1,209 tariff lines has been notified. With the phasing out of negative list by December 31, 2012, complete trade normalisation with India will be in place subject to the removal of the non-tariff barriers by the Indian government.

Pakistan-Sri Lanka FTA: Pakistan concluded an FTA with Sri Lanka on August 1, 2002, which is effective since June 12, 2005. Under the bilateral FTA, both sides have agreed to establish a Free Trade Area through elimination of tariffs on the movement of goods. The future roadmap to enhance cooperation includes incorporation of the following chapters in the agreement to be called as; i) Trade in Services, ii) Investment and, iii) Customs Cooperation.

Pakistan-Bangladesh trade: A MoU has been signed between the erstwhile Export Promotion Bureau, Pakistan (now TDAP) and Export Promotion Bureau of Bangladesh on February 13, 2006 in Islamabad. Under the MoU, both countries had agreed to exchange economic and commercial information as well as assistance in organising trade fairs and trade delegations. Under the said MoU, Export Promotion Bureau of Bangladesh has been providing a complimentary pavilion to TDAP in Dhaka International Trade Fair every year.

Pakistan-Nepal trade: The decision to commence negotiations on the proposed FTA between Pakistan and Nepal was taken during visit of the prime minister of Pakistan to Nepal in 2004. Subsequently, the cabinet accorded approval for negotiation with Nepal on FTA in 2005. A meeting of the Joint Expert Group to commence negotiations on Pak-Nepal FTA is proposed in August 2013. Simultaneously draft agreement, no concession list and offer lists are also being prepared in consultation with stakeholders.

Middles East and African Region: Pakistan is a member of Preferential Trade Agreement among the D-8 Muslim countries comprising Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, and Turkey. The cabinet in its meeting held on December 8, 2011 approved the ratification of the agreement.

Currently Pakistan and Mauritius have an operational PTA leading towards an FTA. Since 2008 three meetings have been held to convert this PTA into an FTA.

The Ministry of Commerce is also pursuing PTA with Tunisia, Morocco, Jordan, Libya, South African Customs Union and East African Community. Trade Preferential System of Organisation of Islamic Conference (TPS-OIC) has been signed and operationalised among OIC-member states during 2011. Pakistan being a member of Organisation of Islamic Conference (OIC) signed the Agreement of Rules of Origin in September 2008 and the same was ratified by the Cabinet on December 2, 2011. Pakistan is negotiating an FTA with GCC and two rounds of negotiations have been held already. TDAP is undertaking various export promotional activities through trade exhibitions and delegations in the countries of our export interest.
Title: Re: Textile Sector
Post by: Abdul Qadir on August 18, 2013, 12:49:01 AM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
Title: Re: Textile Sector
Post by: Tired of broker on August 18, 2013, 01:06:49 AM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
Please also include CML  :D
Title: Re: Textile Sector
Post by: Abdul Qadir on August 18, 2013, 01:14:43 AM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
Please also include CML  :D

Its included in etc.. :D
Title: Re: Textile Sector
Post by: Irfy on August 18, 2013, 01:34:43 AM
Qadir sb what about Maqbool textile (MQTM)? Please confirm if this share is included in your preferred list or not, because 'etc.' can not be used for all textile shares....
Title: Re: Textile Sector
Post by: Tired of broker on August 18, 2013, 06:17:40 AM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
Please also include CML  :D

Its included in etc.. :D

Thanks INSHALLAH future double, may be tripple shah  :thanks:
Title: Re: Textile Sector
Post by: noman92 on August 18, 2013, 10:27:38 AM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
filhal to neechy aney ke tayari hy ncl aur nml...jub market tez ho ge ye bhe tez ho jayn gy...under stood..
is dafa dip per in ko lazmi buy kerna chahy.....becoz
FULL YEAR RESULT IS COMEING nml and ncl will perform good
T.P
NCL...72...........
NML118..............
buy on dip if market take some pressure on mp news..
ncl....59--61........
nml....98-100... :thanks:
Title: Re: Textile Sector
Post by: MZ on August 18, 2013, 11:23:25 AM
 Yarn production increases to cater to rising demand (http://tribune.com.pk/story/591593/demand-drive-yarn-production-increases-to-cater-to-rising-demand/)

The public limited company plans to invest Rs1.2 billion to install new units in Faisalabad to meet the increasing demand of yarn in the international market. As China is gradually moving away from yarn production, global buyers have started shifting to Pakistan.

The steps taken by the Pakistan Muslim League (N) government to resolve the energy crisis has encouraged industrialists to expand businesses, said the company’s Chief Executive Officer Umar Nazar Shah while giving an interview to The Express Tribune.

Steps like clearing circular debt have sent positive signals to international buyers, who were earlier shied away due to delay in meeting their orders, to come to Pakistan, said Shah.

He said industrialists who deal in the local market are now entering the international market and investing billions of rupees.
Title: Re: Textile Sector
Post by: SBM on August 18, 2013, 11:35:29 AM
thanks. Hassan Limited is not a listed company.
Title: Re: Textile Sector
Post by: Abid_ali on August 18, 2013, 04:07:32 PM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
strange thing, cotradicory views.
Title: Re: Textile Sector
Post by: Abdul Qadir on August 18, 2013, 04:12:16 PM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
strange thing, cotradicory views.


no contradiction , market may take dip due to MP factor but overall stance still bullish with textile sector on top priority. 
Title: Re: Textile Sector
Post by: sh_bangash on August 18, 2013, 04:39:09 PM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
strange thing, cotradicory views.


no contradiction , market may take dip due to MP factor but overall stance still bullish with textile sector on top priority.

 :console:
Title: Re: Textile Sector
Post by: obaid6 on August 18, 2013, 05:12:32 PM
http://tribune.com.pk/story/591588/cost-of-production-high-electricity-rates-spread-panic/

 :skeptic:
Title: Re: Textile Sector
Post by: Zedenc on August 18, 2013, 06:41:43 PM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
strange thing, cotradicory views.


no contradiction , market may take dip due to MP factor but overall stance still bullish with textile sector on top priority.
AQ Bhai what is MP factor?
Title: Re: Textile Sector
Post by: sAr on August 18, 2013, 07:52:15 PM
@Zedenc

MP is Monetary Policy. Its announcement is due as it happens in 2nd Week after every 2 months. But it is pending.
Title: Re: Textile Sector
Post by: sAr on August 18, 2013, 07:54:47 PM
http://dawn.com/news/1036550/cotton-prices-rise-to-rs7000 (http://dawn.com/news/1036550/cotton-prices-rise-to-rs7000)

Raw cotton prices rose to season’s record level at Rs7000 per maund influenced by a host of factors, including rising world cotton prices and fear of damage by current heavy spell of rain and floods to standing crops in Sindh and the Punjab.

The world cotton prices also moved higher where New York cotton recorded all round gains for future contracts and touched season’s record level at 93.40 cents per lb for October contract  :good


Title: Re: Textile Sector
Post by: sAr on August 18, 2013, 07:57:28 PM
http://www.bloomberg.com/news/2013-08-14/cotton-macd-trend-signaling-rally-to-october-technical-analysis.html (http://www.bloomberg.com/news/2013-08-14/cotton-macd-trend-signaling-rally-to-october-technical-analysis.html)

Cotton futures that already are up more than any other commodity this year are headed for their highest price since February 2012

Cotton futures have surged 22 percent this year, the most among 24 commodities tracked by the Standard & Poor’s GSCI Spot Index, which fell 0.4 percent. Global cotton output will drop for a second straight year, shrinking a surplus that sent prices to a 31-month low in June 2012.
Title: Re: Textile Sector
Post by: sAr on August 18, 2013, 08:32:51 PM
As for Local market i beleive its just the Hysteria and Panic buying in anticipation of Floods Impact and International Prices Surge. It happened lst year as well. I expect the prices to stabilize by month end. However, a persistent increase in price means, Textile comapnies will be purchasing Raw cotton at higher rates as Cotton Procurement Season Starts. And any Eventual Downfall in Cotton prices will result in Inventory Write offs.  :fingerscrossed1:
Title: Re: Textile Sector
Post by: Abid_ali on August 18, 2013, 11:27:41 PM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
strange thing, cotradicory views.


no contradiction , market may take dip due to MP factor but overall stance still bullish with textile sector on top priority.
AQ Bhai what is MP factor?
bhai  dip pay buy kaho, ya up pay buy karo,
Title: Re: Textile Sector
Post by: Abdul Qadir on August 19, 2013, 12:25:25 AM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
strange thing, cotradicory views.


no contradiction , market may take dip due to MP factor but overall stance still bullish with textile sector on top priority.
AQ Bhai what is MP factor?
bhai  dip pay buy kaho, ya up pay buy karo,


Aapnay DLL,meht,Mari,shell,atrl,pkgs,csap,igiil,treet,Wyeth,glaxo dip per buy kr liya kiva.......... :thumbsup_anim:
Title: Re: Textile Sector
Post by: babar4289 on August 19, 2013, 12:49:04 AM
qadir bhai baqi ka tu nahi pata abid nay mari zaroor 293 par liya hai  :D
Title: Re: Textile Sector
Post by: Zedenc on August 19, 2013, 08:45:31 AM
@Zedenc

MP is Monetary Policy. Its announcement is due as it happens in 2nd Week after every 2 months. But it is pending.
sAR Bhai, Many thanks and Regards. God Bless you.
Title: Re: Textile Sector
Post by: Abid_ali on August 19, 2013, 09:09:00 AM
Guys get ready for some big bullish rally in textile sector, cotton rates likely to shoot very high in international markets, so enjoy buying ncl,nml,meht,rewm, jksm, etc.

But always remember buy on dips
strange thing, cotradicory views.


no contradiction , market may take dip due to MP factor but overall stance still bullish with textile sector on top priority.
AQ Bhai what is MP factor?
bhai  dip pay buy kaho, ya up pay buy karo,


Aapnay DLL,meht,Mari,shell,atrl,pkgs,csap,igiil,treet,Wyeth,glaxo dip per buy kr liya kiva.......... :thumbsup_anim:
Bhai you are helping me a lot because I sell on you laoooo call as I sell NCL ar 70 on your buy call and bought ar 60 without your call, Thanks a lot. I ve my own portfolio for trade.
Title: Re: Textile Sector
Post by: sAr on August 21, 2013, 05:49:09 PM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1223422:cotton-market-selling-pressure-may-push-rates-down/?date=2013-08-21 (http://www.brecorder.com/cotton-a-textiles/185:pakistan/1223422:cotton-market-selling-pressure-may-push-rates-down/?date=2013-08-21)

trading activity came down marginally as buyers were hoping that prices would fall in the coming days. Presently, there were no fears that heavy rains or moisture would damage the crop or quality, he added. Exporters were busy in exports of quality-based of cotton, particularly to China and India, he added. He also said if expected rains in September prolonged, it might play havoc in the cotton belt, otherwise light rains will be beneficial for the crop.
Title: Re: Textile Sector
Post by: sAr on August 21, 2013, 05:52:09 PM
http://dawn.com/news/1036771/cotton-crop-braces-for-tough-times-ahead (http://dawn.com/news/1036771/cotton-crop-braces-for-tough-times-ahead)

Cotton crop may face a tough season this year as it keeps suffering one setback after another. The latest in the series came from heavy and widespread showers at a very crucial stage of development — flowering and boll formation

Hmm... :skeptic: Confusing Reports from the Ground. I believe situatuion in September will give the direction for cotton prices.
Title: Re: Textile Sector
Post by: Valueestimator on August 21, 2013, 10:20:49 PM
Buy nml, with quick 30 rupees in two months
Title: Re: Textile Sector
Post by: saqib1 on August 22, 2013, 12:36:19 AM
Buy nml, with quick 30 rupees in two months

what about ncl?
Title: Re: Textile Sector
Post by: sAr on August 22, 2013, 12:45:40 AM
Both are cheap. I would go for both. With sluggish Cement sales in Jun,Jul and Low expectations in 1Q, i think we may witness Sector switch-overs by some Institutions as they are under weight in Textile.

FYI saqib1, some major funds are holding NML in thier portfolio.
Title: Re: Textile Sector
Post by: MZ on August 22, 2013, 02:16:05 PM
Textile exports up 6%MoM/11%YoY in Jul'13 (http://research.akdtrade.com/documents/AKD_Daily_Aug_22_2013.pdf)

The textile sector reported robust growth in exports during Jul'13 with exports clocking  in at US$1,210mn (+6%MoM /+ 11% YoY). Cotton yarn exports rose by 8%MoM to US$202mn, led by an 11%MoM increase in volumes. The increase in volumes was due to an improvement in electricity supply as well as a substantial increase in demand from China. In this regard, Jul'13 China yarn imports surged by 36%MoM to 198k tons, the highest Jul on record. Similarly, Cotton Cloth, Bed Wear and Ready Made Garments also posted encouraging MoM export growth. This can be attributed to improved electricity supply to the textile sector allowing it to better exploit the opportunities presented by the EU ATP status. We remain overweight on the AKD Textile Universe, where near term triggers include i) PkR depreciation, ii) run-up in cotton prices (COTLOOKA Index up 2.5% in 1QFY14TD) and iii) dividend income from IPPs, particularly NPL (bumper 4QFY13 dividend expected, +ve for NML). That said, impending increase in gas prices is the near term risk where a 20% increase in gas tariffs from our base case scenario can potentially reduce our earnings estimates for NCL and NML, by 16% and 15% respectively assuming no passthrough of increase in cost. For now NCL and NML offer an upside of 29% and 34% to their TP of PkR81/share and PkR130/share respectively. Buy!

AKD
Title: Re: Textile Sector
Post by: zahid on August 22, 2013, 03:23:41 PM
Any news from CML (Colony mill) hold/by/sell
Title: Re: Textile Sector
Post by: Valueestimator on August 22, 2013, 06:25:03 PM
Textile exports up 6%MoM/11%YoY in Jul'13 (http://research.akdtrade.com/documents/AKD_Daily_Aug_22_2013.pdf)

The textile sector reported robust growth in exports during Jul'13 with exports clocking  in at US$1,210mn (+6%MoM /+ 11% YoY). Cotton yarn exports rose by 8%MoM to US$202mn, led by an 11%MoM increase in volumes. The increase in volumes was due to an improvement in electricity supply as well as a substantial increase in demand from China. In this regard, Jul'13 China yarn imports surged by 36%MoM to 198k tons, the highest Jul on record. Similarly, Cotton Cloth, Bed Wear and Ready Made Garments also posted encouraging MoM export growth. This can be attributed to improved electricity supply to the textile sector allowing it to better exploit the opportunities presented by the EU ATP status. We remain overweight on the AKD Textile Universe, where near term triggers include i) PkR depreciation, ii) run-up in cotton prices (COTLOOKA Index up 2.5% in 1QFY14TD) and iii) dividend income from IPPs, particularly NPL (bumper 4QFY13 dividend expected, +ve for NML). That said, impending increase in gas prices is the near term risk where a 20% increase in gas tariffs from our base case scenario can potentially reduce our earnings estimates for NCL and NML, by 16% and 15% respectively assuming no passthrough of increase in cost. For now NCL and NML offer an upside of 29% and 34% to their TP of PkR81/share and PkR130/share respectively. Buy!

AKD

 I like it
Title: Re: Textile Sector
Post by: stockz_123 on August 22, 2013, 09:32:54 PM
Improved export boding well for Textile sector

The Pakistan Bureau of Statistics (PBS) recently released exports data for the
month of Jul’13. In this regard, textile exports have gone up by 6.5%MoM
while increasing by 11% on a YoY basis. Amongst the leading contributors in
exports, an increase was witnessed in Cotton Cloth (16%YoY to US$232mn),
Cotton Yarn (15.5%YoY to US$202mn), Knitwear (1%YoY to US$203mn) and
Bed wear (9.6%YoY to US$171mn). We believe this increase is attributed to i)
an improvement in Chinese yarn imports supported by an increase in cotton
prices and ii) depreciation of the PkR against the USD. The increase in exports
in the above mentioned goods will bode well for leading textile companies
like Nishat Mills Limited (NML) and Nishat Chunian Limited (NCL).

Textile Exports up 11% YoY in Jul’13
PBS has released details of commodity exports for the month of Jul’13,
depiciting robust performance of the textile sector. During the month, textile
exports (contributing 0.06% to the country’s total exports) stood at US$1.2bn,
up 11% from the same period last year. Further, analysis reveals that though
improved prices have helped growth, major contribution came from the
variance in volumes. Amongst the leading contributors, (with the exception of
cotton cloth) cotton yarn, knit/bedwear, readymade garments all witnessed
improved volume sales, contributing above 80% to the country’s textile
exports.
Individually, cotton yarn, cotton cloth and readymade garment exports are up
16% each, while knitwear and bedwear exports are up 1% and 10%,
respectively in US$ terms. Though, favourable import policy from China has
helped the country’s textile export, we also attribute an increased
competitiveness amongst local producers arising from weakness in PkR. In PkR
terms, Pakistan’s textile exports rose by an impressive 18% YoY.
As compared to the previous month, textile exports rose by 6% in US$ terms
while an 8% increase was witnessed in PkR terms.

Positivity for the textile sector
We believe weakness in the PkR against the greenback (depreciated by ~5% in FY14YTD) is likely to
improve competitiveness of the domestic textile industry as compared to its regional players, which
is also likely to benefit from an improved pricing scenario, going forward. Furthermore, the EU GSP
status is expected to come into play by the end of this year which is likely to further augment the
sector’s exports. Cumulatively, these factors will reflect positively on the listed textile sector,
particularly the bigger export players such as NML and NCL.

Shajar capital
Title: Re: Textile Sector
Post by: SBM on August 23, 2013, 12:02:43 PM
As for Local market i beleive its just the Hysteria and Panic buying in anticipation of Floods Impact and International Prices Surge. It happened lst year as well. I expect the prices to stabilize by month end. However, a persistent increase in price means, Textile comapnies will be purchasing Raw cotton at higher rates as Cotton Procurement Season Starts. And any Eventual Downfall in Cotton prices will result in Inventory Write offs.  :fingerscrossed1:

spot on lol

After an extraordinary bout of volatility which saw cotton prices rise and fall by Rs 400 to Rs 500 per maund (37.32 Kgs) within the short span of a single week, the market is now back to square one being the level from which the prices started to climb up. The up and down in New York cotton futures (ICE) prices tells a similar story.

In Pakistan, the bullish bout in cotton prices was mainly due to the fear that monsoon rains and floods may have inflicted sizeable damage to the standing crop. Then when the speculative long positions in New York futures came for profit taking, prices reportedly fell from 94 to about 84 cents per pound, nearly a crash seen with in a couple of days time. Pressure on cotton prices has not yet relented

Brecorder (http://www.brecorder.com/cotton-a-textiles/185:pakistan/1224081:precipitous-fall-in-cotton-prices/?date=2013-08-23)
Title: Re: Textile Sector
Post by: MZ on August 23, 2013, 01:21:53 PM
Healthy volumes, robust start FY14
Event
? The strong momentum in textile exports witnessed in 4QFY13 continued in
FY14 as Jul’13 exports broke the US$1.2bn level, highest since Jul’11,
depicting 10.81% YoY growth in value terms. A significant shift in orders was
seen from Bangladesh where workers’ strikes and rampages have resulted
in month long strikes and closures.
? We believe that strong volumes and weak rupee would reflect in the top
line of textile companies during FY14, especially Nishat Mills. Strong top line
growth; however, would not be carried down as significant increase in fuel
and power expense may trim down the bottom line. We flag NML as our
preferred pick.
Impact
? Strong volumes experienced by basic textiles: Leading the growth in
exports was the cotton yarn segment which experienced a YoY increase of
17% in value terms and 15% in volumetric terms. China’s policy to set a floor
price for local purchases of cotton (see our report dated 21st August 2013 for
further details) continued to benefit the Pakistani spinners. Cotton cloth
exports saw a YoY 15% increase in value terms and 10% increase in
volumetric terms.
? Value added segment gaining pace: On the value added front
readymade garments grew by 15.4% YoY in volumetric terms and 11.8%
YoY in value terms. According to industry players, the suspension of
operations of textile manufacturers in Bangladesh due to severe law and
order situation has increased demand for Pakistan’s value added textiles.
Media reported closure of upto 300 factories in Ashulia (industrial area near
Dhaka) on frequent basis. Knitwear and bed wear segments also grew by
14.5% YoY and 12.9% YoY in Jul’13 respectively compared to the same
month last year.
? Higher gas and electricity tariff: Despite a significant increase in demand
across almost all the segments, we believe that local industry may face the
brunt of the higher electricity tariffs. Further addition to misery would come
from the hike in gas tariffs which we believe is on the cards. Fuel and power
expense for NML is 9% of the sales, for comparable companies this ratio
varies between 7-12%. The increase in this expense would wipe of
significant amount of profits that textile companies would achieve due to
rupee depreciation.
? What’s with cotton? International agencies have raised the forecasts of
cotton prices for FY14. According to estimates given by Economist
Intelligence Unit in its recent publication, the cotton prices are expected to
rise by 7.9% in the coming year. The latest cotton and wool outlook (14
August 2013) of USDA states that the world cotton reserves are set to
increase by 9% YoY to 93.8mn bales in FY14; it states that a decline in
production would be seen in U.S and China; however, higher production from
South Asia would result in the demand and supply gap (excess supply) to
persist for the fourth consecutive year.
? According to Cotton Crop Assessment Committee, Pakistan would produce
13.25mn bales in FY14. Local cotton growers have faced issues like low availability of irrigation water and poor seed
quality; in addition significant reduction in local produce and price hike can come from crop damage due to recent
floods.
Outlook
? Our stance on China’s cotton policy remains the same despite the fact that China has almost completely filled its
storage capacity. Overall we estimate a 7% to 9% YoY increase in exports in FY14 to US$14.1bn with additional
upside might come from Pakistan’s approval of the E.U’s GSP plus status. On the other hand, reversal of China’s
cotton purchasing policy amid normalizing of Bangladesh’s law and order situation may keep the upside in check.
Moreover, we believe that the recent electricity tariff hike would not allow the local industry to fully reap benefits of
higher volumes and keep the profitability margins under pressure.

fs
Title: Re: Textile Sector
Post by: SBM on August 24, 2013, 05:41:35 PM
http://epaper.dawn.com/DetailNews.php?StoryText=24_08_2013_009_008
Title: Re: Textile Sector
Post by: tahirdxb on August 27, 2013, 09:20:59 PM
http://urdu.aaj.tv/business/2013/08/26/135832_4_story.html
Title: Re: Textile Sector
Post by: Farzooq on August 30, 2013, 12:58:24 AM
The fourth straight year of surplus cotton output and the biggest drop in Chinese imports since 2000 are creating record global inventories, signaling higher profits for the makers of Hanes underwear.

Stockpiles will jump 8.6 percent to 93.765 million bales in the 12 months ending in July, the U.S. Department of Agriculture said in an Aug. 12 report. There are enough inventories to make three pairs of jeans for every person in the world and reserves doubled since reaching a 13-year low in 2010 [...]

Read the full story at http://www.bloomberg.com/news/2013-08-28/cotton-glut-expands-to-record-as-hanes-profit-gains-commodities.html
Title: Re: Textile Sector
Post by: SBM on September 04, 2013, 12:12:35 PM
Steep fall in Punjab`s cotton production
 

KARACHI, Sept 3: The first cotton production report for the season 2013-14 has shown a huge shortfall in Punjab which produces around 80 per cent of the country`s crop.

This has caused a great concern among stakeholders, including spinners and valueadded textile sector.

A jointly compiled report of phutti (seed cotton) arrival by Pakistan Cotton Ginners Association (PCGA), AllPakistan Textile Mills Association (Aptma) and Karachi Cotton Association disclosed a steep fall of up to 33.41pc in cotton production in Punjab.

According to these figures, Punjab has produced 0.644 million bales up to Sept 1 as compared to 0.968 million bales produced in the same period last year, thereby showing a steep fall of around 33.41pc in cotton production.

A huge shortfall of up to 0.323 million bales at the outset of the current season in Punjab is not a good sign,observed cotton analysts amid fears that it would have farreaching consequences on entire economy of the country.

The excessive heat-wave prior to the start of monsoon rains in Punjab is reported to have retarded growth of cotton plants which could not produce sufficient cotton balls that could result in healthy flowering.

However, it is highly encouraging that raw cotton production in Sindh during the period under review was highly encouraging which helped cover up the gap created by the short crop in Punjab.

Though higher cotton production in Sindh managed to offset the wide gap created by a huge shortfall in Punjab but cotton analysts believe that in case this tendency continues, it will not be possible even to meet downward revised cotton production target at 12.65 million bales recently set by the CottonCrop Assessment Committee (CCAC).

A remarkably high cotton production, however, has been recorded by Sindh at 1.081 million bales or 41.63pc higher over the corresponding period of last year when production stood at 0.764 million bales.

This means that Sindh produced around 0.318 million more bales this season over the previous year.

As a result of higher production of cotton in Sindh, country`s overall production remained close to previous year.

The total production of the country stood at 1.725 million bales or 0.31pc short over the same period last year when production stood at 1.731 million bales.

The phutti (seed cotton) flow during this period stood at 1.725 million bales as against 1.731 million bales recorded in the same period last year, thereby showing a shortfall of 5,392 bales. +

Dawn
Title: Re: Textile Sector
Post by: SBM on September 11, 2013, 10:31:01 AM
http://tribune.com.pk/story/602564/eu-trade-textile-industry-prepares-for-post-gsp-scenario/
Title: Re: Textile Sector
Post by: asianstock on September 11, 2013, 05:15:11 PM
Laoooooooooooooooooooooooooooooo Textile Cap o Cap  :dance :dance

Title: Re: Textile Sector
Post by: Irfy on September 11, 2013, 05:39:30 PM
When will cap o cap start? From tomorrow or from January'14?
Title: Re: Textile Sector
Post by: Salammembers on September 11, 2013, 09:46:39 PM
GATM showing buyers,
lets c maal laay or finally laooooo this time,
i might buy more once 24 is breeched

Rs 20 saay buy kia huwa ,
now  :tongue:nearing 30,
happy and satisfied with 50% cg In < 8 months  :tongue:
Title: Re: Textile Sector
Post by: arifjamal on September 12, 2013, 10:11:07 PM
http://tribune.com.pk/story/603124/captive-power-industry-members-warn-of-major-energy-crisis/
Title: Re: Textile Sector
Post by: SBM on September 13, 2013, 12:01:18 AM
http://www.pakinvestorsguide.com/index.php/topic,131.msg146289.html#msg146289

 :crying_anim02:
Title: Re: Textile Sector
Post by: SBM on September 13, 2013, 12:06:39 AM
http://www.pakinvestorsguide.com/index.php/topic,131.msg146289.html#msg146289

 :crying_anim02:

 uuu

csap may not be indicative of other mills
   as csap was also engaged in outsourcing some production as well as trading cotton
Title: Re: Textile Sector
Post by: PK on September 13, 2013, 12:24:21 AM
http://www.pakinvestorsguide.com/index.php/topic,131.msg146289.html#msg146289

 :crying_anim02:

 uuu

csap may not be indicative of other mills
   as csap was also engaged in outsourcing some production as well as trading cotton
:console:
Title: Re: Textile Sector
Post by: MZ on September 13, 2013, 01:29:53 PM
Global Cotton Update
USDA released its monthly cotton report yesterday. Cotton prices were under pressure yesterday with Cotlook A declining by 0.17% to close at Usd89.85/lb as cotton production estimates for MY13/14 (MY: Marketing Year starting 1st August) from India were revised upwards due to favourable weather conditions. The increase in production estimate for India as well as Brazil resulted in an increase of 1mn bales in global production over last months estimates for MY13/14. On the other hand, demand estimates for MY13/14 were clipped by 0.3mn bales to 109.5mn bales. Similarly, ending inventory estimates were increased by 0.96mn bales to 94.7mn bales. We may see a slight bullish trend in cotton prices if expectation of a decline in production from China and Pakistan materialize (adverse weather conditions). International cotton prices are likely to remain sensitive to Chinese cotton reserve price policy. In further developments, India is reported to be considering imposing a 10% export duty on exports of cotton to increase production and exports of value added products and take advantage of the INR depreciation. This could provide further support to international cotton prices. However, news reports suggest that India has deferred a decision on the imposition of an export duty on cotton for now, which was expected to be taken in a Cabinet meeting of the Government of India yesterday.

AKD
Title: Re: Textile Sector
Post by: asianstock on September 14, 2013, 06:50:35 PM
http://tribune.com.pk/story/602548/textile-industry-industrialists-seek-fair-distribution-of-gas/
Title: Re: Textile Sector
Post by: asianstock on September 14, 2013, 06:51:24 PM
Textile industry to double exports in four years

http://www.thenews.com.pk/Todays-News-3-201224-Textile-industry-to-double-exports-in-four-years
Title: Re: Textile Sector
Post by: asim.786 on September 16, 2013, 08:36:24 AM
http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1101962203&Issue=NP_LHE&Date=20130916
Title: Re: Textile Sector
Post by: Zed on September 18, 2013, 01:41:08 AM
http://dawn.com/news/1043401/pakistan-likely-to-get-eus-gsp-plus-status-by-end-of-year
Title: Re: Textile Sector
Post by: mra901 on September 18, 2013, 06:09:34 PM
http://investorguide360.com/wp-content/uploads/2013/09/Elixir-Research3.pdf
Title: Re: Textile Sector
Post by: Salammembers on September 19, 2013, 09:27:02 AM
Gatm declares 20% B , mazaay khappay
Title: Re: Textile Sector
Post by: Valueestimator on September 19, 2013, 10:40:56 AM
INR is appreciating now, pakistan textile will be in action again.
Title: Re: Textile Sector
Post by: Salammembers on September 19, 2013, 10:59:53 AM
INR is appreciating now, pakistan textile will be in action again.

nml 5 saal maay 500 ka nahi tu atleast 12 months maay 140+ khappay,
probably sector best pick for fainthearts :rtfm:
Title: Re: Textile Sector
Post by: farooq92 on September 19, 2013, 11:40:55 AM
[
Title: Re: Textile Sector
Post by: Salammembers on September 19, 2013, 11:47:21 AM
After Prime Minister Mian Muhammad Nawaz Sharif recent visit of Turkey a huge investment from Turkish investors is coming in housing, construction and infrastructure sector.

Farooq bro,
trend ka kia karaay :(
Gurus insist follow the trend u will never get it wrong,
Big players boolay thats Herd mentality :bigeyed:
beech maay junta keep losing money in hope of getting it Right one day :thumbsdown_anim:
Title: Re: Textile Sector
Post by: SBM on September 19, 2013, 03:49:41 PM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1232406:ccac-likely-to-revise-downward-cotton-output-target/?date=2013-09-19


Title: Re: Textile Sector
Post by: aliraza on September 19, 2013, 06:04:43 PM
INR is appreciating now, pakistan textile will be in action again.

valueestimator bhai kab tak textile really accept haa today mrkt textile ma kafi pressure thaa
Title: Re: Textile Sector
Post by: Valueestimator on September 19, 2013, 10:44:11 PM
Pakistan textile shares r cheapest inthe world.

Managed by most efficient people.

Title: Re: Textile Sector
Post by: SBM on September 20, 2013, 04:18:51 AM
Where is cotton headed?

September 20, 2013 BR Research0 CommentsE-mailPrintPDF
The global cotton market is in for an interesting ride this year as estimates for global production have been scaled down to the lowest in three years, while consumption is expected to tally at the highest level in as many years.

On the flipside, the global cotton trade this year is only expected to reach 39 million bales-17 percent below the record high of nearly 47 million bales set in the outgoing period. With the reduced trade attributable to a decline of 9.3 million bales expected in Chinese raw cotton imports, it can mean only one thing.

Yes, you guessed it right. It seems that finally some of Beijings tottering piles of stocks built up over the last several years-which have effectively held the entire global cotton trade hostage-will be made available to the domestic spinning industry, thereby reducing the need for imports.

But reduced Chinese demand for raw cotton is slated to boost competition-and loads of it, as the major exporting countries in the region including Pakistan scramble to switch between reduced shipments of raw material and increasing demand for value-added textiles.

Going forward, global demand for yarn is expected to rise up even higher and may be more pronounced than demand for raw cotton in the coming season. The primary reason is that Chinese imports of yarn are replacing imports of raw cotton as cost of spinning is increasing in China and quota restrictions make imports of raw cotton less economical compared to yarn.

Spinners and textile exporters in the region are expected to remain on top of their game, with competition heating up between India and Pakistan-where producers have the advantage of depreciating currencies that will boost revenues.

At the beginning of summer, there was wide consensus in the market that Indian spinners were to be at an advantage as this years Indian crop (October-September season) is estimated to be about 35.8 million bales, about five percent higher than the previous seasons. This was expected to keep raw cotton prices in the Indian markets under check, boosting their competitiveness.

But the recent depreciation of the Pakistani rupee has been a game changer. Having lost nearly seven percent in value against the greenback in the last one year, this depreciation may have caused concern on most fronts, but, it has been nothing but a blessing for the export-oriented textile sector.

Consequently, prices of carded yarn of Indian origin-which were slated to come close to price levels offered by Pakistani exporters-will remain levelled. Additionally, the recent recovery in the INR-which has appreciated by 11 percent-has all but diluted the threat of Indian encroachment on Pakistani.

So, it seems that Pakistani textile producers are going to be enjoying the year of the yarn for another marketing year running. All things (read international prices) staying equal, there is little volatility expected in the prices of cotton in the domestic markets in the coming few months, which should help boost the margins of local producers even more.
Title: Re: Textile Sector
Post by: SBM on September 20, 2013, 04:20:43 AM
news flow is quite different to what BR is assuming about local cotton prices ...
cotton production is much less than local mill requirements. that means there will be dash for buying inventory at lower prices as much as they can ..
bigger groups will benefit smaller will lose out ..
Title: Re: Textile Sector
Post by: MZ on September 22, 2013, 10:41:08 AM
Pakistan’s textile exports grow 3.42% in August 2013 (http://www.dailytimes.com.pk/default.asp?page=2013\09\22\story_22-9-2013_pg5_8)

Staff Report

ISLAMABAD: In August 2013 Pakistan exported textiles and apparel worth $1.095 billion, registering a rise of 3.42 percent over exports of $1.059 billion made during the corresponding month of last year, figures released by the Pakistan Bureau of Statistics showed.

During the month, raw cotton exports grew substantially by 504.25 percent year-on-year. The other items that showed positive growth in exports during the month were cotton yarn, which rose by 18.12 percent year-on-year to $188.21 million, yarn other than cotton yarn increased by 8.92 percent y-o-y to $4.799 million, made-up articles, excluding towels and bed wear, grew 7.29 percent y-o-y to $47.021 million and other textile materials increased 13.66 percent to $33.255 million.

The items that recorded negative export growth included towels, which fell by 19.68 percent y-o-y to $54.064 million, tents, canvas and tarpaulin declined by 13.35 percent y-o-y to $5.304 million and art, silk and synthetic textile dropped by 8.19 percent y-o-y to $33.439 million.

Textile and clothing exports fetched $2.305 billion for Pakistan during the first two months of the current fiscal year 2013-14, which is an increase of 7.24 percent compared to same period last year.

During July-August 2013 period, cotton cloth accounted for $467.774 million worth of exports, followed by cotton yarn with $389.921 million, knitwear with $385.197 million, readymade garments with $324.628 million and bed wear with $316.192 million.

The total textile and garment export value of $2.305 billion was more than half of the $4.09 billion earned by Pakistan in exports during the two-month period.
Title: Re: Textile Sector
Post by: aliraza on September 23, 2013, 09:05:13 AM




http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1101968722&Issue=NP_LHE&Date=20130923
Title: Re: Textile Sector
Post by: Salammembers on September 23, 2013, 11:06:05 AM
Gatm declares 20% B , mazaay khappay

XB saay pehlaay,
below 26.50 might prove good buy
i am not selling below 35, free B khappay
Title: Re: Textile Sector
Post by: SBM on September 24, 2013, 06:19:13 AM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1234010:cotton-production-target-revised-down-for-second-time/?date=2013-09-24

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1234181:decline-in-cotton-yield-may-boost-prices/?date=2013-09-24
Title: Re: Textile Sector
Post by: aliraza on September 24, 2013, 08:45:10 AM

September 24, 2013
Textile exports up 7.24pc in two months, 3.42pc in August
APP

ISLAMABAD - The textile exports from the country increased by 7.24 percent during the first two months of current fiscal year against the exports of same period of last year.

On year-on-year basis, textile exports during August 2013 increased by 3.42 percent in August 2013 when compared to the exports of August 2012.

The overall textile exports during July-August (2012-13) were recorded at $2.305 billion against the exports of $2.149 billion during July-August (2011- 12). The textile products that witnessed surge in trade included raw cotton, exports of which increased by 496pc by going up from $5,590m during the first two months of last year to $33.357m during the current year.

Exports of cotton yarn also increased by 16.77 percent from $333.911 million last year to $389.921 million this year while the exports of cotton cloth increased by 7.71 percent from $434.277 million to $467.774 million.

Exports of yarn other than cotton yarn increased by 3.43 percent to reach at $8.511 from $8.229 last year while the exports of bed wear increased by 5.13 percent from $300.768 million to $316.192 million.

According to PBS data, the exports of tents, canvas and tarpaulin increased from $1.3 million to $1.344 million, an increased of 1.89 million while exports of readymade garments increased from $298.209 million to $324.628 million, showing increase of 8.86 percent.

The exports of made up articles (excluding towels and bedwear) during the period under review increased by 6.47 percent to $104.766 from $98.398 million during last year.

The products that witnessed negative growth in exports included cotton (carded or combed), exports of which declined by 71.79 percent, from $0.319 million to $0.09 million whereas the exports of knitwear decreased by 1.07 percent from $389.374 million to $385.197 million.

Exports of towels also decreased from $128.582 million last year to $119.682 million this year, showing negative growth of 6.92 percent whereas the exports of art, silk and synthetic textile decreased by 2.16 percent from $72.845 million to $71.269 million.

The exports of all other textile commodities increased by 6.59 percent, from $66.251 million last year to $70.856 million this year.

Meanwhile on year-on-year basis, textile exports during August 2013 increased by 3.42 percent in August 2013 when compared to the exports of August 2012. The Textile exports in August 2013 were recorded at $1.095 million against the exports 1.059 million.

However, on month-on-month basis, the textile exports decreased by 9.43 percent by going down from $1.209 billion in July 2013 to $1.095 billion in August 2013, the PBS data revealed.

It is pertinent to mention here that country’s trade deficit narrowed by 3.07 percent during the first two months of the current fiscal year as exports expanded by 3.66 while imports witnessing nominal increase of 0.54 percent as compared to the same period of last year.

On year-on-year basis, the trade deficit decreased by 11.45 percent in August 2013 when compared to the deficit of the same month of last year.

According data, the exports from the country during July-August (2013-14) were recorded at $4.091 billion against the exports of $3.946 billion recorded during July-August 2012-13).

On the other hand, the imports into the country during the first two months of the current fiscal year were recorded at $7.386 billion against the imports of $7.346 during the corresponding months of last year, showing nominal growth of 0.54 percent.

Based on the figures, the trade deficit during July-August (2013-14) was recorded at $3.295 billion against the deficit of $3.400 billion in July-August (2012-13), showing negative growth of 3.07 percent.

http://www.nation.com.pk/E-Paper/Lahore/2013-09-24/page-8/detail-8
Title: Re: Textile Sector
Post by: asianstock on September 25, 2013, 05:45:43 PM
http://www.chinatexnet.com/textile-news/2013-09-25/456357.html

Pakistan's Textile Exports Grow 3.42% In August 2013


In August 2013 Pakistan exported textiles and apparel worth $1.095 billion, registering a rise of 3.42 percent over exports of $1.059 billion made during the corresponding month of last year, figures released by the Pakistan Bureau of Statistics showed.

During the month, raw cotton exports grew substantially by 504.25 percent year-on-year. The other items that showed positive growth in exports during the month were cotton yarn, which rose by 18.12 percent year-on-year to $188.21 million, yarn other than cotton yarn increased by 8.92 percent y-o-y to $4.799 million, made-up articles, excluding towels and bed wear, grew 7.29 percent y-o-y to $47.021 million and other textile materials increased 13.66 percent to $33.255 million.

The items that recorded negative export growth included towels, which fell by 19.68 percent y-o-y to $54.064 million, tents, canvas and tarpaulin declined by 13.35 percent y-o-y to $5.304 million and art, silk and synthetic textile dropped by 8.19 percent y-o-y to $33.439 million.

Textile and clothing exports fetched $2.305 billion for Pakistan during the first two months of the current fiscal year 2013-14, which is an increase of 7.24 percent compared to same period last year.

During July-August 2013 period, cotton cloth accounted for $467.774 million worth of exports, followed by cotton yarn with $389.921 million, knitwear with $385.197 million, readymade garments with $324.628 million and bed wear with $316.192 million.

The total textile and garment export value of $2.305 billion was more than half of the $4.09 billion earned by Pakistan in exports during the two-month period.
Title: Re: Textile Sector
Post by: aliraza on September 26, 2013, 12:40:25 PM



http://investorguide360.com/latest-economic-news/pakistan-textiles/
Title: Re: Textile Sector
Post by: MZ on September 26, 2013, 08:35:26 PM
Fortunes of the white fiber

???? Cotton prices in local market have remained steady around PKR7,000/maund mark in
Sep13 compared to PKR6,400/maund same period last year
???? Active buying from spinners coupled with looming concerns on slowdown of seed
cotton arrivals at the ginneries added fuel to local cotton prices
???? Given the continuation of Chinese cotton policy for 2013?2014 and increasing cost of
spinning, we believe Chinese mills will continue to resort to Pakistan and Indian
market to import cotton yarn
???? Based on our TP of PKR123/sh, NML offers a total return of 32% against current
trading level. NCL follows with a TP of PKR76/sh, depicting a total return of 33%
against its current market price thus justifying “BUY” stance

Cotton Prices Review
In the ongoing Sep13 period, cotton prices hovered in a narrow range of USD0.89?0.91/lb
and remained flattish on MOM basis. The slight uptick in cotton prices can be attributed to
stockpiling from China and US Federal Reserve decision to keep stimulus program intact.
However, weak prospects on global demand and adequate ending inventory limited the
upside in cotton prices. Recall, cotton prices witnessed a steep fall of 8% from its high of
USD0.97/lb during later half of Aug13 marked by anticipation of bumper crop from India
coupled with better US cotton report.
….local market remained bullish
Cotton prices in local market have remained steady around PKR7,000/maund mark,
significantly higher than the levels they were maintaining same period last year at
PKR6,400/maund. Active buying from spinners coupled with looming concerns on
slowdown of seed cotton arrivals at the ginneries added fuel to the bullish sentiment in
local cotton prices. Also, the anticipation of imposition of export duty on Indian cotton
compelled the local mills to resort to local market to fill their raw material inventories thus
keeping upward pressure intact on cotton prices. Furthermore, country’s cotton forecast
has been adjusted downward second time in the current crop season and now stands at
11.95 million bales. This means that the country will need to import at least 2 million bales
to meet its local demand
Prices Outlook
Going forward, the upcoming Chinese cotton policy and its impact on global cotton trade
will remain the key determinant of cotton prices in FY14. However, the near term
direction of cotton prices during 1HFY14 will continue to be driven by a) fluctuations in
global/local cotton output and b) state of global economic landscape. Stockpiling from
China and renewed concerns on US output amid heavy rainfalls over standing crop in
Texas may add to the bullish sentiment in international market. On local front, however,
the lower yield of local crops given the inadequate water availability during sowing period
plus crops loss from recent floods will result in lower than expected crop output. This
coupled with active buying from local spinners may keep upward pressure on local cotton
prices till Dec13.
Favorable macros to further support fundamentals
We believe, the recent recovery in INR/USD (up by 7% MTD) suggests stabilization of the
currency thus diluting the previous concerns of a negative impact of weak INR on the
competitiveness of Pakistani textile exports. Recall, the steep depreciation in INR against
USD of 10% in just one month (Aug13) raised alarms for Pakistani textile exports both
value and non?value added. Whereas, relentless drop in PKR value (down by 6% FYTD) will
continue to support Pakistani exports in international market.
Given the continuation of Chinese cotton policy for 2013?2014 and increasing cost of
spinning, we believe Chinese mills will continue to resort to Pakistan and Indian market to
import cotton yarn. With India aiming to shift its exports mix more towards value added
segment to fully utilize the benefits of INR depreciation, we believe this to open up more
room for Pakistani spinners to increase share in cotton yarn exports to China and Hong?
Kong.
Moreover, there has been notable improvement in gas supply as evident from 7% uptick
in 2MFY13 textile exports. We expect 1) consistent implementation of power sector
reforms and 2) aggressive drilling and development of key gas fields will lead to marked
improvement in energy supply to textile sector. This will enable the local manufacturers to
fully utilize the GSP plus status (expected to start from Jan14).

Valuations
Based on our TP of PKR123/sh, NML offers a total return of 32% against current trading
level. NCL follows with a TP of PKR76/sh depicting a total return of 33% against its current
market price thus justifying “BUY” stance. Going forward, 1) steady cotton?yarn margins,
2) better export prospects, 3) robust investment portfolio and 4) capacity expansion and
5) cost savings from low cost fuel alternatives will remain the key value drivers for the
aforementioned stocks.


BMA
Title: Re: Textile Sector
Post by: SBM on September 28, 2013, 02:22:09 AM
India withdraws export incentives for cotton: India has withdrawn incentives for
exports of cotton and yarn, a value?added product used by textile mills, an official
order said, a move that could cut exporters’ margins in the world’s second?biggest
exporter ofthe fibre.(TN)
Title: Re: Textile Sector
Post by: SBM on October 01, 2013, 04:50:59 AM
re-entered stjt today, 9 months eps Rs 8
hamid bro tgt pl
STJT 48-50 target insha ALLAH till Oct.

STJT Target achieved  :dance  It Touched 54.99
Many Greetings. God Bless you - Ameen.
Pl.keep it up

stjt eps 11 dps 4
http://www.kse.com.pk/notices-updates/detail2.php?0.08009357680566609&id=4&nid=046868
Title: Re: Textile Sector
Post by: SBM on October 01, 2013, 07:01:10 AM
http://www.brecorder.com/br-research/44:miscellaneous/3723:exports-and-rupee-defying-theory/

"So, what’s keeping the country’s textile exporters from booming on the back of currency depreciation? Industry veteran Majyd Azyz highlighted that, “a significant portion of the inputs for textile made-ups are imported. Falling worth of rupee makes all those components expensive.”

Research analyst at Pakistan Readymade Garments Exporters Association, Ibrahim Mehmood highlighted that electricity tariffs and general price levels for the domestic industry have also risen at a rapid pace. He also opined that “international buyers are cognizant of changes in currency exchange rates, so they ensure that the prices being offered to them are adjusted downwards whenever the local currency depreciates."
Title: Re: Textile Sector
Post by: Salammembers on October 01, 2013, 07:52:45 AM
http://www.thenews.com.pk/Todays-News-3-205309-Exporters-gain-from-rupee-depreciation
Title: Re: Textile Sector
Post by: Salammembers on October 01, 2013, 07:54:29 AM
http://www.dailytimes.com.pk/default.asp?page=2013\10\01\story_1-10-2013_pg5_9
Title: Re: Textile Sector
Post by: aliraza on October 01, 2013, 09:15:50 AM

October 01, 2013
Foreign buyers placed huge orders at Expo Pakistan
Hassan Jawwad

KARACHI  - Expo Pakistan 2013, organized by Trade Development Authority of Pakistan (TDAP), ended on September 29 with high spirits and renewed excitement for new contracts and business opportunities worth $700 million.

Several important export agreements were signed during the four-day expo. According to exhibitors, foreign business interest was shown of around 417 million dollars. However, major interest was demonstrated by UAE delegations particularly in the textile/garment industry.

Textile City, a UAE based company, also offered to buy textile worth USD 100 million with warehousing in Dubai in order to ensure timely delivery. Another, Sourcing head of Max Land mark Group, operating 1351 retail chain outlets in GCC and globally, is under negotiation for a deal worth $100 million for UAE market. It may be mentioned that UAE is the only export destination of Pakistan where exports indicated a jump increase of $1 billion during 2012 from the previous year.

The exhibition expressed that Pakistan, despite its problems, was “open for world business”. Exhibitions were held in 06 halls covering various sectors of Pakistan such as automobile, textile, jewelry, sports goods, surgical etc.B2B meetings and non-stop seminars provided face-to-face interaction and disseminated information on various trade issues.

During Expo 2013, around 1447 Business to Business (B2B) meetings were held between the buyers and the Pakistani exhibitors/manufacturers. These meetings included the Minister of State for Commerce  Engr. Khurram Dastagir Khan, Secretary Commerce, Qasim M Niaz, Secretary TDAP, RabiyaJaveri Agha and FPCCI vice presidents along with high level delegations from USA, Poland, Malaysia, Saudi-Arabia, UAE, UK, Japan, Iran, South-Africa, India, Azerbaijan, Thailand, Hong-Kong, Italy and Iran.

Another major triumph was a big order placement by a leading Japanese importing chain store particularly in home textiles. Besides, major buyer groups are staying back to continue their negotiations and visits have been arranged to Sialkot, Faisalabad, Lahore to meet manufacturers-cum exporters. This means that export business contracts might touch up to USD 1 billion following the Expo.

Speaking about Expo Pakistan, RabiyaJaveri Agha, Secretary TDAP, said “We are pleased to inform that Expo Pakistan 2013 was a major success for the exporters’ community of Pakistan opening a huge window of business opportunities worldwide for our products. The turnout of local & foreign delegates was beyond our expectation.  Expo Pakistan 2013 showed off our quality and innovation as well as also helped in projecting a positive image of Pakistan to the foreign world.

We need more of such events to improve our export business and provide opportunities to local businessmen to showcase their products to the world.”

She particularly mentioned Ministry of Trade and Commerce and FPCCI for their immense support in pulling of such a mega successful event. “TDAP will surely work to organize an even bigger expo next year with more focus on sectors like jewellery, textile and agricultural industries as these have a great export potential.”

Overall 523 exhibitors set up their stalls in Expo Pakistan as compared to last year’s 356 exhibitors. Over 1100 foreign buyers/importers from 55 countries visited Expo Pakistan 2013 against last year’s 710 foreign visitors.

There were two fashion shows held as well to showcase the artistic work of Pakistani designers.

The last day of the exhibition was opened for public amazing the crowds with high quality products on display.

http://www.nation.com.pk/E-Paper/Lahore/2013-10-01/page-8/detail-6
Title: Re: Textile Sector
Post by: aliraza on October 03, 2013, 05:51:32 PM



http://investorguide360.com/latest-economic-news/higher-exports-to-trigger-higher-textiles-profits-jsgcl-research/
Title: Re: Textile Sector
Post by: Salammembers on October 04, 2013, 08:11:11 AM
http://tribune.com.pk/story/613251/windfall-benefits-as-rupee-slides-mills-look-to-increase-market-share/
Title: Re: Textile Sector
Post by: aliraza on October 04, 2013, 11:36:15 AM


http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1101978251&Issue=NP_LHE&Date=20131004
Title: Re: Textile Sector
Post by: MZ on October 06, 2013, 02:21:26 AM
GSP-plus, sliding rupee could boost textile exports to $15b in fiscal 2014 (http://tribune.com.pk/story/614050/gsp-plus-sliding-rupee-could-boost-textile-exports-to-15b-in-fiscal-2014/)
Title: Re: Textile Sector
Post by: MZ on October 06, 2013, 02:29:51 AM
Pakistan due to produce 14m cotton bales in FY14 (http://www.dailytimes.com.pk/default.asp?page=2013\10\06\story_6-10-2013_pg5_8)
Title: Re: Textile Sector
Post by: MZ on October 09, 2013, 05:37:18 AM
Production target missed: import of three million cotton bales expected (http://www.brecorder.com/top-stories/0:/1239431:production-target-missed-import-of-three-million-cotton-bales-expected/?date=2013-10-09)

Pakistan is likely to import about 3 million bales of cotton worth $1.2 billion to meet the requirements of local industry, as production target of the crop will not be met, official sources revealed. Currently cotton prices in Pakistan are the lowest as compared to other countries of the region. Cotton price in Pakistan is 1.79 dollar per kg (Rs 190.07) against 3.38 dollar per kg (Rs 358.61) in China and 2.19 dollar per kg (Rs 232.35) in India, industry sources revealed to Business Recorder.

The Cotton Crop Assessment Committee (CCAC) has projected cotton production target for the current season (2013-14) at 11.95 million bales against the initial target of 13.22 million bales, while the local industry requirement is about 13 million bales. Sources further said that there is no restriction on import and export of cotton. Pakistan exports about 2.5-3 million bales every year and to date 1.5 million bales of cotton have so far been exported. The country is likely to produce 11.95 million bales, but due to shortage of fine quality and long staple cotton, Pakistan has to import it from India and China.

Textile industry stakeholders, while talking to Business Recorder, expressed serious concerns over the expected decline in cotton production, saying that the industry is likely to import about 3 million bales to meet the domestic requirements for the current year, which would result in huge burden on the industry. The decline in cotton production would not only result in price escalation and shortage of raw material, but would also result in negatively affecting value-added textile export, they maintained, adding that the expected decline in commodity production would also deprive the country of valuable foreign exchange earnings.

According to the officials, during 2013-14, cotton crop was sown on an area of 5.4 million acres in Punjab against the target of 6 million acres, showing 9% decrease in target and 5.2% decrease in the last year's sown area. Rain and floods further damaged 0.12 million acres; said official, adding that decrease in sowing was mainly attributed to low price of seed cotton during the last two-three years and farmers' preference to sow maize, sugarcane and rice crops due to monetary advantages over cotton. Moreover, rains have delayed harvesting of potato in Upper Punjab, which has also contributed to late / less sowing of cotton crop in those areas.

Cotton on about 1.41 million acres was sown in Sindh against 1.6 million acres last year depicting 13% decrease, besides early sowing in Lower Sindh was attacked by Pink bollworm and Mealy bug and 5-10% of Kacha area was damaged by floods in Upper Sindh. According to the CCAC estimates, Punjab would produce 8.7 million bales against the initial projection of 9.6 million, Sindh 3.15 million bales against 3.5 million bales, Balochistan 0.108 against 0.18 million bales and Khyber Pakhtunkhwa 0.00043 million bales
Title: Re: Textile Sector
Post by: MZ on October 11, 2013, 10:21:53 AM
Textile: Profits rose 150% in FY13

Pakistan’s largest industry, Textile, remained a shining star in terms of profitability at local bourse owing to strong regional demand and better margins in FY13. Further boost to the profits of textile firms was provided by depreciating Pak rupee and cheaper financing. Due to these factor, profits of our sample listed textile firms increased by 150% to Rs30.6bn in FY13. The same glory was also reflected at KSE as the shares of these listed textile firms showed abnormal price performance of 94% vs. benchmark KSE 100 index return of 49% in FY13.

In textile, we cover Nishat Mills (NML) in detail and maintain 'BUY' on the scrip which is trading at FY14E PE of 5.5x.

Rising sales and better margins
Favoring fortunes resulted into improved overall textile output in FY13 which can be gauged from 5.9% (14.7%) growth in textiles exports to US$13.1bn (Rs1.3trn) The same is reflected from listed textile companies’ profits which increased by Rs18.3bn (150%) to Rs30.6bn in FY13 compared to Rs12.3bn last year. Our analysis is based on selected textile firms (55 companies) including spinners, weavers and composites. Our sample includes all textile units having a minimum of Rs250mn market capitalization at KSE. However, for the sake of comparability, we have omitted the companies which have not yet announced their FY13 results and Azgard Nine due to its abnormal and volatile bottom-line. Though our sample covers 85% of textile sector market cap, it is very small compared to total Pakistan textile industry. So the actual profits of the textile industry would be much more than Rs30.6bn.

We believe, upward trajectory of profits is mainly attributed to higher volumetric sales and improved margins. Strong cotton yarn and grey cloth demand from China and its neighboring countries has contributed to higher units sales while margins increased due to stable cotton prices and 8% Pak rupee depreciation against US dollar. To recall, textile makers’ margins got a severe hit in FY12 due to sharp volatility in cotton prices. In FY13, local cotton prices remained stable at an average of Rs6,540 per 40kg whereas in FY12 price range was Rs5,252-9,003 per 40kg which depicts high volatility.

4QFY13: Profits declined 5% QoQ
However, things were little different in 4QFY13 when profits of these firms decreased by 21% QoQ to Rs7.9bn. For the decline, we believe, company specific issues (especially Amtex Limited) were the culprit this time. If we omit Amtex Limited from the sample, quarter-on-quarter decline reduces to mere 5%. In 4QFY13, Amtex Textile posted loss of Rs1.7bn compared to loss of Rs126mn in 3QFY13.

Outlook for FY14
With the continuation of China Cotton Policy and depreciating Pak rupee, we believe, textile sector margins to remain better going forward. China has adopted the policy to subsidize local farmers which has inflated China’s local cotton prices and textile firms are relying on cheaper imports of yarn and grey cloth from countries like India, Bangladesh and Pakistan. On value added front, expected grant of GSP Plus will provide boost to composite units specially NML.

On the other side, recent increase in energy prices and expected high inflation for FY14 (9.5-10.5%) are likely to impact sector’s profitability. Our rough estimation suggests that recent increase in energy prices will increase fuel and power cost by 15-20%. Further, reversal of monetary easing by SBP and potential revision in China Cotton Policy could hurt profits particularly of smaller companies.

topline
Title: Re: Textile Sector
Post by: Valueestimator on October 11, 2013, 05:36:11 PM
Buy dirt cheap textile share now for 2 years
Title: Re: Textile Sector
Post by: Market Wave on October 11, 2013, 05:46:09 PM
dirt?
Title: Re: Textile Sector
Post by: SBM on October 11, 2013, 06:03:55 PM
dirt?

intehai sastay.
Title: Re: Textile Sector
Post by: jaz on October 11, 2013, 06:56:22 PM
dirt?

intehai sastay.
And will remain dirt, unless they start sharing profit with shareholders :[
Title: Re: Textile Sector
Post by: Valueestimator on October 11, 2013, 08:57:29 PM
The issue with textiles r not dividends its the earnings consistency.

Reaction to low div is a short term phenomenon.

Let them show continuous profitability, sector will come at par with market avg.

Its a consumer goods manufacturing business
Title: Re: Textile Sector
Post by: pieyomie on October 11, 2013, 10:06:42 PM
Value bhai can you mention few dirt cheap/undervalued textile shares

rewm is one (i want to buy more)
admm i think is another (i want to buy)
i already have bnwm in my holding for more than half a year now



Title: Re: Textile Sector
Post by: Khawar on October 11, 2013, 11:55:28 PM
Yes, Value sb. please share some good and cheap trading  shares... would be better if they are sharia compliant... Thanks
Title: Re: Textile Sector
Post by: Valueestimator on October 12, 2013, 12:40:19 AM
Look at nml
Title: Re: Textile Sector
Post by: Super on October 12, 2013, 10:06:11 AM
Buy dirt cheap textile share now for 2 years

I like to invest for 2 years. Please guide those companies to invest.
Title: Re: Textile Sector
Post by: Valueestimator on October 12, 2013, 11:08:44 PM
Nml
Title: Re: Textile Sector
Post by: SBM on October 13, 2013, 01:25:16 AM
snapshot of some textile manufacturing companies financials.

http://goo.gl/9hqjfQ

standalone financials used.
revaluations not considered.
Title: Re: Textile Sector
Post by: aliraza on October 13, 2013, 11:59:24 AM

October 13, 2013
Only 3 categories out of 73 utilised duty-free access to EU
Salman Abduhu

LAHORE  - Pakistan could utilize only three textile categories out of total 73 types relaxed by the EU countries for duty-free import from Pakistan in 2013.

“The government has to relax import policy to empower value-added textile industry to get the maximum benefit of GSP Plus Status, as the country has no raw material except cotton. Garments of generation III & IV is challenge for Pakistan, as presently, we are making just generation I or II garments mainly due to lack of raw material amidst high duties on import.”

Value-added textile industry representatives said that presently our competitor Bangladesh is enjoying duty-free import of every raw material. As a result, Bangladesh value-added textile exports have surged to $26 billion without producing a single bale of cotton while Pakistan has never crossed the garment export figure of $4.5 billion, they added.

“With strict import policies in Pakistan, the local garment industry is not fully prepared to take advantage of duty-free access to the EU market under GSP plus status mainly due to shortage of raw material,” observed Jawwad A Chaudhry, the newly-elected senior vice chairman of PRGMEA North Zone.

Jawwad Ch, who has resumed the charge recently, said the country’s garment industry comprises of small and medium scale units, producing high-end fashion products. These units are unable to utilise full potential due to unfavourable import policies. “A duty-free import of synthetic blends and cotton fabrics can double the apparel and sportswear exports, as both the raw materials are not manufactured in Pakistan,” he said.

The SVC said that small trims, carrying no commercial value, should also be duty-free to discourage delays. He said minimum import duties will make our products competitive under the GSP Plus status from the EU.

The outgoing central chairman of Pakistan Readymade Garments Manufacturers and Exporters Association Sajid Saleem Minhas viewed that energy crisis has already been hit hard the Punjab-based value-added industry and demands attention from the policymakers.

Sajid Minhas expressed his disappointment over the FBR delaying tactics, as no company has get refund for 2 per cent sales tax on purchases of raw material for export since Feb 2013 while refund claims of billions of rupees of 2010 are also pending yet. He said that revenue generation through taxes is not a good approach by keeping the value-added textile industry hostage.

Meanwhile, the PRGMEA also elected its new members of the zonal managing committee for north, included Ijaz Khokhar, Nasir Iqbal, Luqman Amin, Mubashar Naseer Butt, Javed Iqbal Bhatti and Muhammad Bashir. The newly-elected SVC said that it was an honour for him to assume the office of the Senior Vice Chairman for the year 2013-14. He paid tributes to the outgoing central chairman Sajid Saleem Minhas.

http://www.nation.com.pk/E-Paper/Lahore/2013-10-13/page-8/detail-7
Title: Re: Textile Sector
Post by: MZ on October 13, 2013, 07:09:02 PM
Millers ask government to clear tax rebates (http://tribune.com.pk/story/617255/millers-ask-government-to-clear-tax-rebates/)


On Saturday, the textile industry of the country asked the government to expedite the process of payment of tax refunds to allow the millers to achieve maximum efficiency and boost exports significantly.
Conveying the demand, Pakistan Textile Exporters Association Chairman Sheikh Ilyas Mehmood said that huge amounts of cash of the textile industry was stuck in sales tax, local taxes drawbacks besides customs and federal excise duty rebates creating severe liquidity crunch within the industry. Once the cash is released, exporters can deploy the capital into expanding businesses, which in turn will help the country’s exports earnings grow.
Pakistan only held 1.5% of the global textile market share, which means that the industry had strong prospects to grow, Mehmood added.
Pakistan’s textile exports crossed the $13-billion benchmark in the outgoing fiscal year, and would be achieving far better results if circumstances remained conducive.
“The liquidity crunch will result in havoc with the tempo of exports,” Mehmood said.
The textile is industry is aiming to extract maximum benefits from the Generalised System of Preferences (GSP) plus facility, which is expected to be granted in January 2014, and touch $15 billion export target in the current fiscal year, which will all go in vain in the absence of adequate funds.
The PTEA chairman was of the view that the textile sector of the country had taken a severe hit at a time when many of the leading players had invested huge amounts of capital in expansions to meet the growing needs of the global export market.
He said that the energy crisis had almost destroyed the manufacturing and industrial sectors of the economy and resulted in a significant fall in production.
The prevailing economic, financial and industrial crises had badly affected industrial and trade activities, productivity and employment and left the textile sector of the country in doldrums, he said. Exporters were working dire business climate as the cost of inputs was increasing day by day rendering them unable to compete in the international market.
PTEA chairman asked the government to bail out the industry from the crisis by removing hurdles and provision necessary incentives to provide stimulus to textile exports. He requested early released of stuck tax rebates.
Published in The Express Tribune, October 13th, 2013.
Title: Re: Textile Sector
Post by: Salammembers on October 14, 2013, 12:44:57 AM
http://www.nation.com.pk/E-Paper/Lahore/2013-10-13/page-9/detail-9
Title: Re: Textile Sector
Post by: aliraza on October 14, 2013, 09:35:27 AM
   October 14, 2013
Weakening rupee lifts textile profitability by 150pc to RS30.6b
Usman Cheema

LAHORE - The depreciating rupee value against greenback has boosted the profits of largest textile industry of the country, as the listed textile firms profit have jumped by 150 per cent to Rs30.6 billion in fiscal year 2013.

Industry sources said that the fall of rupee has been seen as a positive sign for exports of Pakistan, as the local currency has fallen 8 per cent since the beginning of 2013. Moreover, it depreciated faster in the last two months, as it went down by a sharp 4pc against the greenback.

With a share of over 50pc in the country’s total exports, the textile industry has emerged stronger in fiscal 2013-14.

Industry sources believed that Pakistan’s textile exports are going to benefit from two major reasons, as China is focusing more on the technology sector instead of textile, but yarn demand from China is growing.

Moreover, Bangladesh which is the second biggest textile exporter in the world after China, is not getting the same number of export orders as it was getting a year ago. The country is facing major challenges in safety concerns of textile workers. Recent fire incidents in factories of Bangladesh, where hundreds of workers had died, attracted negative international media coverage.

Favoring fortunes resulted into improved overall textile output in FY13 which can be gauged from 5.9pc (14.7pc) growth in textiles exports to $13.1 billion (Rs1.3trn) The same is reflected from listed textile companies’ profits which increased by Rs18.3 billion (150pc) to Rs30.6 billion in FY13 compared to Rs12.3 billion last year.

The listed companies, which cover 85pc of textile sector market capitalisation, are very small compared to total Pakistan textile industry. So the actual profits of the textile industry would be much more than Rs30.6 billion.

They believe, upward trajectory of profits is mainly attributed to higher volumetric sales and improved margins. Strong cotton yarn and grey cloth demand from China and its neighboring countries has contributed to higher units sales while margins increased due to stable cotton prices and 8pc Pak rupee depreciation against US dollar. To recall, textile makers’ margins got a severe hit in FY12 due to sharp volatility in cotton prices. In FY13, local cotton prices remained stable at an average of Rs6,540 per 40kg whereas in FY12 price range was Rs5,252-9,003 per 40kg which depicts high volatility.

Leading textile industrialists insist that the rise in gas tariff for captive power plants by 17.4pc and electricity rates for industrial units by 57pc in recent months are going to hit the profitability of the sector in the ongoing fiscal 2014.

http://www.nation.com.pk/E-Paper/Lahore/2013-10-14/page-8/detail-6
Title: Re: Textile Sector
Post by: MZ on October 14, 2013, 10:44:23 AM
Pakistan Textile: GSP plus likely gains
 Textile is the backbone of Pakistan economy in terms of foreign reserves generation and job creation. Pakistan is working to get the Generalized System of Preferences (GSP) plus status in January, 2014 from EU which will allow textile products greater access to those markets. In FY13, textile contributed 53% to Pakistan total exports of US$24.6bn. Textile sector will gain as EU is likely to grant GSP plus status to Pakistan. Currently, any importer in EU who imports Pakistani textile products has to pay 11% duty, which makes Pakistani products costly. GSP plus will allow almost 20% of Pakistani exports to enter the EU at zero tariffs while a further 70% will be allowed to enter at preferential rates. Pakistan can earn an additional US$550-700mn per year through GSP plus status, according to our calculations.

 Moreover, China's share in the global textile has been reduced by US$30bn to US$270bn due to rising cost of production. This decline of China’s share in the global textile and clothing trade coupled with the anticipated GSP Plus status for Pakistan by the EU in early 2014 can most certainly prove to be a good opportunity for Pakistan textile industry.

Background of GSP
 The sole purpose of GSP scheme is to help poor countries by making it easier for them to export their products to EU at reduce tariffs. In 2004, the GSP regulation was simplified from five to three arrangements: i) GSP standard ii) GSP plus and iii) Everything but arms & ammunition (EBA) in order to better focus on those countries which are most in need. The schemes will no longer end every three years, as it is the case now. Rather, it will last for 10 years which will give confidence to importers and exporters. The new GSP legislation has set enhanced monitoring of the conventions (every 2 instead of 3 years) and with scrutiny by the European Parliament.

 GSP plus is not extended automatically, countries have to apply and will be qualified if they meet the eligibility criteria. GSP plus is extended to countries considered ‘vulnerable’ in their trade profile: i) exports to EU are not diversified, ii) 7 or less items make up at least 75% of their exports to EU, and iii) value less than 2% of EU's total GSP imports. Pakistan qualifies to apply for GSP plus under the vulnerability criteria. However, trade preferences will be suspended if average value of import of textile items by EU from Pakistan exceed 14.5% of total EU imports over three consecutive years.

 GSP plus offers preferences over and above the standard GSP by covering roughly 70 more lines mostly duty-free. Pakistan is currently eligible for the GSP plus status and most likely will get the status in January, 2014. Whereas its neighboring countries like India, Bangladesh are holding GSP standard which offer partial reduction in tariff and Afghanistan has EBA status which allow it to export everything but arms absolutely duty-free and quota-free.

 Topline

Title: Re: Textile Sector
Post by: aliraza on October 21, 2013, 10:58:09 AM

October 21, 2013
Pakistan can earn $700m more as China’s share in global textile drops
Salman Abduhu

LAHORE - Following the reduction of China’s share in the global textile and clothing trade coupled with the anticipated GSP Plus status for Pakistan by the EU in early 2014 Pakistan can earn an additional $700 million per year.

Industry sources said that China’s share in the global textile has been reduced by $30 billion to $270 billion due to rising cost of production.

They said that Pakistan is working to get the Generalized System of Preferences (GSP) plus status in January, 2014 from EU which will allow textile products greater access to those markets. In FY13, textile contributed 53 per cent to Pakistan total exports of $24.6 billion. Textile sector will gain as EU is likely to grant GSP plus status to Pakistan. Currently, any importer in EU who imports Pakistani textile products has to pay 11 per cent duty, which makes Pakistani products costly. GSP plus will allow almost 20 per cent of Pakistani exports to enter the EU at zero tariffs while a further 70 per cent will be allowed to enter at preferential rates.

The sole purpose of GSP scheme is to help poor countries by making it easier for them to export their products to EU at reduce tariffs. In 2004, the GSP regulation was simplified from five to three arrangements, including GSP standard, GSP plus and everything but arms & ammunition (EBA) in order to better focus on those countries which are most in need. The schemes will no longer end every three years, as it is the case now. Rather, it will last for 10 years which will give confidence to importers and exporters. The new GSP legislation has set enhanced monitoring of the conventions (every 2 instead of 3 years) and with scrutiny by the European Parliament.

Muhammad Tahir Saeed, a textile industry expert from Topline, stated that GSP plus is not extended automatically, countries have to apply and will be qualified if they meet the eligibility criteria. GSP plus is extended to countries considered ‘vulnerable’ in their trade profile: i) exports to EU are not diversified, ii) 7 or less items make up at least 75 per cent of their exports to EU, and iii) value less than 2 per cent of EU’s total GSP imports. Pakistan qualifies to apply for GSP plus under the vulnerability criteria. However, trade preferences will be suspended if average value of import of textile items by EU from Pakistan exceed 14.5 per cent of total EU imports over three consecutive years.

GSP plus offers preferences over and above the standard GSP by covering roughly 70 more lines mostly duty-free. Pakistan is currently eligible for the GSP plus status and most likely will get the status in January, 2014. Whereas its neighboring countries like India, Bangladesh are holding GSP standard which offer partial reduction in tariff and Afghanistan has EBA status which allow it to export everything but arms absolutely duty-free and quota-free.

Tahir Saeed said that product mix of NML shows that garments and processed cloth contain almost 10 per cent and 40 per cent share in total sales of Rs52.4 billion in FY13, with 22 per cent and 14 per cent gross margins, respectively. NML exports comprises almost 77 per cent of total sales of Rs52.4 billion out of which almost 27 per cent goes to EU, so concessionary tariff from EU will bode positive impacts on the profitability of the company, especially value-added products.

http://www.nation.com.pk/E-Paper/Lahore/2013-10-21/page-8/detail-8
Title: Re: Textile Sector
Post by: aliraza on October 23, 2013, 09:15:30 AM

October 23, 2013
Textile exports up by 10pc to $3.576b in first quarter
Imran Ali Kundi

ISLAMABAD - Pakistan’s textile exports have shown handsome growth of almost 10 per cent during first quarter (July-September) of the current fiscal year (2013-2014) over the corresponding period of previous year mainly due to substantial increase in export of raw cotton and rupee deprecation against dollar.

Export of textile and clothing surged to $3.576 billion in July-September period from $3.251 billion during the corresponding month of last year, showing growth of 9.99 per cent in one year. Meanwhile, According to the figures of Pakistan Bureau of Statistics (PBS), textile exports have enhanced by 15.34 percent in September 2013, as country exported textile commodities worth of $1.27 billion in last month against $1.1 billion of the corresponding period of last year.

Trade analysts said exports witnessed a growth because of increase in export to the European market owing to preferential market access on selected products. The European Union’s preferential package on import of 75 items was in operation since December 2012. Meanwhile, depreciation of Pakistani currency is also one of the pushing factors in export proceeds during the first three months. Country’s exports/imports surged due to rupee deprecation.

Analysts believed that country’s exports might suffer in next two to three months owing to the expected gas loadshedding for industries, which would shutdown the industrial units of the country.

A sector-wise analysis showed that export of raw cotton enhanced by 164.24 per cent during first quarter of the ongoing financial year. Meanwhile, exports of low value-added products, such as cotton yarn, was up by 8.25 per cent, cotton cloth 4.01 per cent, made-up articles 9.95 percent, yarn other than cotton yarn exports down by 0.77 percent and other textile material 10.84 percent in first three months of the current fiscal year over same month last year.

Export of bed-wear increased by 25.81 percent, tents exports went down by 16.20 per cent and readymade garments 13.46 percent in July-September 2013 this year over the same period last year.

Industry sources said that consistent supply of gas during the period under review to textile sector produced the desired results. The growth in yarn and fabric exports was mainly because of improved energy supply.

According to the latest figures released by Pakistan Bureau of Statistics (PBS), the overall country’s exports grew 9.23 per cent in July to September period to $6.712 billion as against $6.145 billion of the goods exported in the corresponding three months of the last fiscal year. Imports grew three percentages point to $11.177 billion in first quarter of the present financial year as compared to $10.853 billion of the corresponding period of previous year. The country’s trade imbalance narrowed to $4.465 billion during first quarter (July to September) of the ongoing fiscal year 2013-14 against $4.708 billion of the corresponding period of previous year, showing a decline of 5.15 percent in one year.

The figures revealed that the country’s food exports also registered an increase of 10.84 percent during July-September 2013. The country exported foodstuff worth of $1.007 billion in first three months of the ongoing financial year as against $909.197 million of the same month of preceding year 2012.
http://www.nation.com.pk/E-Paper/Lahore/2013-10-23/page-8/detail-4
Title: Re: Textile Sector
Post by: MZ on October 23, 2013, 05:18:37 PM
Textile Exports up 10% in 1QFY14

The Pakistan Bureau of Statistics (PBS) recently released its exports data for the month of Sep’13. In this regard, textile exports have gone up by 16%MoM while increasing by 15% on a YoY basis. Amongst the leading contributors in exports, an increase was witnessed in Bedwear (68%YoY to US$248mn), Readymade Garments (24.7%YoY to US$152mn), and Knitwear (2.3%YoY to US$190mn) while on the other hand Cotton Clothes and Cotton Yarn posted a negative number of 2.4% and 4.7%, respectively. Overall in 1QFY14, textile sector exports stood at US$3.5bn, a growth of 10%YoY, while are up 20%YoY in PkR terms.

The increased exports is likely to bode well for the textile sector’s profitability in 1QFY14. Going forward, the sector is also expected to benefit from the increased competitiveness due to PkR weakness and grant of GSP-status expected in Jan’14. We maintain a positive outlook towards the sector with a ‘Buy’ stance on NML (Nishat Mills Limited) that is currently trading at PEs of 4.7x and 4.2x for FY14 and FY15, respectively.

Shajar Research
Title: Re: Textile Sector
Post by: aliraza on October 23, 2013, 05:43:44 PM



http://jang.com.pk/jang/oct2013-daily/23-10-2013/u13045.htm
Title: Re: Textile Sector
Post by: Valueestimator on October 23, 2013, 09:41:34 PM
Textile Exports up 10% in 1QFY14

The Pakistan Bureau of Statistics (PBS) recently released its exports data for the month of Sep’13. In this regard, textile exports have gone up by 16%MoM while increasing by 15% on a YoY basis. Amongst the leading contributors in exports, an increase was witnessed in Bedwear (68%YoY to US$248mn), Readymade Garments (24.7%YoY to US$152mn), and Knitwear (2.3%YoY to US$190mn) while on the other hand Cotton Clothes and Cotton Yarn posted a negative number of 2.4% and 4.7%, respectively. Overall in 1QFY14, textile sector exports stood at US$3.5bn, a growth of 10%YoY, while are up 20%YoY in PkR terms.

The increased exports is likely to bode well for the textile sector’s profitability in 1QFY14. Going forward, the sector is also expected to benefit from the increased competitiveness due to PkR weakness and grant of GSP-status expected in Jan’14. We maintain a positive outlook towards the sector with a ‘Buy’ stance on NML (Nishat Mills Limited) that is currently trading at PEs of 4.7x and 4.2x for FY14 and FY15, respectively.

Shajar Research
Nml champion
Title: Re: Textile Sector
Post by: MZ on October 23, 2013, 10:59:38 PM
Pakistan Textiles: Cotton Price Volatility Fueled By Phailin- Normality Returning 


   Cotton futures gained 0.6% to 83.83cents/lb in international market for December delivery, on the news of hurricane striking the second largest cotton producer, India

   Apart from the supply side shock, a sudden withdrawal of export benefits on yarn under Focus Market Scheme (FMS) has also hit the second biggest cotton producer of the world

   Now that the fear of damage of the cotton crop in India been dumbfounded and also country not going ahead with its earlier decision to put duty on export of cotton, we expect that the supply of cotton to be adequate. The prices to remain range bound

   Based on our SOTP valuation, our target prices for NML and NCL stand at PKR123/sh and PKR73/sh thus providing a handsome total return of 39% and 40% respectively
 
BMA
Title: Re: Textile Sector
Post by: asianstock on October 24, 2013, 01:42:25 AM
(http://jang.com.pk/jang/oct2013-daily/23-10-2013/updates/10-23-2013_13095_1.gif)

Laooooooooooooooooooooooooooo Textile Sector Cap o Cap........
Title: Re: Textile Sector
Post by: Farrukh Muqeem on October 24, 2013, 11:01:32 AM
(http://jang.com.pk/jang/oct2013-daily/23-10-2013/updates/10-23-2013_13095_1.gif)

Laooooooooooooooooooooooooooo Textile Sector Cap o Cap........

What are your top picks in TEXTILE SECTOR ASIAN STOCKS ????
Title: Re: Textile Sector
Post by: MZ on October 26, 2013, 04:18:37 AM
Exporters pinning hopes on GSP Plus (http://tribune.com.pk/story/622554/exporters-pinning-hopes-on-gsp-plus/)

FAISALABAD: Textile exporters are pinning their hopes on a significant increase in exports after winning duty-free access to European Union (EU) markets.
Industry players say they have the potential to double their existing 1.5% share in global textile trade by reaping benefits of the EU’s Generalised Scheme of Preferences (GSP) Plus status.
In a statement issued here on Friday, Pakistan Textile Exporters Association Chairman Sheikh Ilyas Mahmood and Vice Chairman Adil Tahir said the textile industry expected to get duty-free access to EU markets in January next year and was planning to boost exports by at least 100% in the next four years through value addition.
“Pakistan exports $2.7 billion worth of yarn and $2.5 billion worth of plain and dyed fabric annually to Bangladesh and other countries, which take benefit of our raw material by adding value and export finished products to the EU,” they said.
Pakistan’s textile exports stood at $13.06 billion in the previous fiscal year and had been on the rise for the last five years despite crippling energy shortages.
In the next four years, the textile industry would utilise its entire capacity to achieve the export target of $26 billion as the country was expected to win GSP Plus status in January, they added.
Published in The Express Tribune, October 26th, 2013.
Title: Re: Textile Sector
Post by: asianstock on October 26, 2013, 04:44:06 PM
http://tribune.com.pk/story/622579/trade-preferences-germany-backs-pakistans-bid-for-eu-gsp-plus-status/
Title: Re: Textile Sector
Post by: asianstock on October 26, 2013, 05:36:39 PM
Punjab Chief Minister Shahbaz Sharif has approved the establishment of a garments city near Kala Shah Kaku.

http://www.dawn.com/news/1051973/cm-approves-garments-city-project.. Laoooooooooooooooooooo Textile
Title: Re: Textile Sector
Post by: aliraza on October 28, 2013, 08:33:28 AM

http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1101999652&Issue=NP_LHE&Date=20131028

http://www.nation.com.pk/E-Paper/Lahore/2013-10-28/page-8/detail-1
Title: Re: Textile Sector
Post by: tahirdxb on October 28, 2013, 09:30:26 PM
http://www.express.pk/story/189902/
Title: Re: Textile Sector
Post by: pieyomie on October 30, 2013, 10:51:28 AM
ADMM  :biggthumpup:
Title: Re: Textile Sector
Post by: asianstock on October 31, 2013, 04:27:51 PM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1246362:aptma-team-to-attend-moot-on-pakistan-in-germany/?date=2013-10-30

Textile may Kafi News anaywali haan.. It's great time to enter..
Title: Re: Textile Sector
Post by: asianstock on October 31, 2013, 04:28:10 PM
http://www.thenews.com.pk/Todays-News-3-211204-Textile-industry-gaining-momentum-APTMA

Laooooooooooooooo Maaaaaaaaaaaaaaaaal hay bahi.
Title: Re: Textile Sector
Post by: Atif1 on November 01, 2013, 12:16:52 PM
http://www.kse.com.pk/notices-updates/detail2.php?0.010350409270222571&id=4&nid=048629

Great result by saritow spinning 1Q14 EPS of 1.6 vs 1.1,
A great small stock which was giving 10% div last year :dance :dance
Title: Re: Textile Sector
Post by: aliraza on November 01, 2013, 01:41:07 PM


http://investorguide360.com/latest-economic-news/textile-exports-for-sep13-post-a-strong-sequential-increase-akd-research/
Title: Re: Textile Sector
Post by: Valueestimator on November 01, 2013, 02:49:27 PM
http://www.brecorder.com/cotton-a-textiles/185:pakistan/1246362:aptma-team-to-attend-moot-on-pakistan-in-germany/?date=2013-10-30

Textile may Kafi News anaywali haan.. It's great time to enter..

from Dec onward, newspapers would be full of textile news due to upcoming gsp thing.
Title: Re: Textile Sector
Post by: MZ on November 02, 2013, 07:51:04 AM
Measures discussed to jump-start textile industry (http://tribune.com.pk/story/625869/revival-measures-discussed-to-jump-start-textile-industry/)

Federal Secretary for Textile Industry Division of the Ministry of Commerce Rukhsana Shah met with members of the textile industry at the Faisalabad Chamber of Commerce and Industry on Friday to discuss measures to jump-start the industry.
The federal secretary said that the ministry understands the problems being faced by the textile industry and is committed to resolving them.
She said that Faisalabad, with its huge manufacturing base and share of textile exports, should have an expo centre to further increase exports.
She assured that the Ministry of Textile and Industry will join efforts to resolve the problems faced by the textile sector in the country and provide its full support and resources to promote the industry.
She assured industry members that the Ministry of Finance would be contacted at the earliest for the release of refund claims by exporters. She said that Federal Textile Board is being made active now.
She said that the textile sector is in jeopardy for the last three years due to energy crisis in the country and we are making every effort for refund of claims.
She said that per capita productivity of our workforce is already at the lowest ebb in the textile sector in comparison to that of regional countries. She said that we need at least 300,000 skilled force for the industry every year but serious demand-supply gap exists in the need based skills and the Ministry can also help on that score. She said that 25% gas quota would be provided under all circumstances to textile makers.
President FCCI Engineer Suhail Bin Rashid said that the textile sector is in crisis due to huge problems faced by the sector where shortage of electricity and gas, taxation and high mark-up rate of bank loans are the main issues.
He said that we have invited the government’s attention to these issues time and again, warning that without tackling these problems, the target of $95 billion set under the Strategic Trade Policy Framework (2012-15) cannot be achieved.
He said that textile sector is providing employment to 38% of the workforce in the country and in case of non-availability of gas for the next three months to the industry, nearly 10 million labourers will be rendered jobless.
Published in The Express Tribune, November 2nd, 2013.
Title: Re: Textile Sector
Post by: MZ on November 03, 2013, 10:23:43 AM
Textile industry optimistic about growth prospects (http://tribune.com.pk/story/626380/looking-ahead-textile-industry-optimistic-about-growth-prospects/)

 
The textile industry has seen a strong growth in recent months but most industry players are pinning their hopes on the expected approval of European Union’s (EU) Generalised System of Preferences (GSP) Plus status for Pakistan in January 2014.
For them, the GSP Plus is a game changer for the Pakistani textile industry, as it is expected to boost annual exports by $1 billion.
“Textile exports have increased by 4% in the first three months of fiscal year 2013-14 but this increase is below our expectations. What is more important for us is the expected grant of GSP Plus status by the EU. If we get that, our textile exports will jump by at least $1 billion a year,” All Pakistan Textile Mills Association (Aptma) Chairman Yasin Siddik told The Express Tribune.
Textile exports in September 2013 sharply increased by 16% compared to August 2013. Overall textile exports in the first three months (July to September) of 2013-14 jumped to $3.58 billion, up a significant 9% year-on-year (YoY) and a decent 4% quarter-on-quarter (QoQ).
“I am hoping to see more growth in exports in the ongoing quarter (October to December),” said Siddik, who believes that exports of both value added and non-value added products would see a decent rise in coming months.
Siddik added that textile exports must increase by at least $1 billion in case Pakistan wins the GSP Plus trade preference facility.
Analysts believe that the increase in textile exports is mainly aided by stable cotton prices – a key raw material – and depreciating rupee against the dollar over the last few months.
Any increase in cotton prices, they say, will increase profit margins of textile companies, especially in the second half of fiscal year 2013-14.
Analysts also stress that textile exporters that have higher share of finished or value added products will benefit more if Pakistan gets the GSP Plus status.
“Whatever increase we see in textile exports in coming months, it will never be comparable to the jump that we may enjoy after GSP Plus,” said Gul Ahmed Textile Mills Executive Director Ziad Bashir.
“Exports are expected to sustain themselves in the ongoing quarter but I do not think they will increase significantly,” added Bashir.
Pakistan has assured the EU that it is going to implement most of the international conventions required to qualify for the GSP Plus. Most importantly, Pakistan has told the Europeans that it will continue the moratorium on capital punishment – one of the most important EU demands before granting the GSP Plus facility.
GSP Plus is a trade arrangement that allows exporters from developing countries to pay lower or no duties on their exports to the EU.
Countries that want to get GSP Plus need to effectively implement as many as 27 international conventions on environment issues, good governance, labour rights and human rights.
While the standard GSP – which will stay in force until the end of 2013 – allows 176 developing countries and territories to enjoy easy access to EU markets through various duty reductions for certain product lines, the upcoming GSP Plus will be limited to 89 low and lower middle-income countries.
Since many of the countries that enjoy the GSP status are not expected to fall in the GSP Plus group, Pakistan would be in a position to export more of its products to the EU on low duties.
Published in The Express Tribune, November 3rd, 2013.
Title: Re: Textile Sector
Post by: SBM on November 03, 2013, 12:15:31 PM
Cotton Production in India Seen at Record as Rain Boosts Yields
By Swansy Afonso - Nov 1, 2013 4:41 PM GMT+0500
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The cotton harvest in India, the world’s second-biggest grower, will probably increase to a record this year as the best monsoon since 2007 improves yields, said the textile commissioner.
Production may total 37.5 million bales of 170 kilograms (375 pounds each) in the year that began Oct. 1 from 36.5 million bales in 2012-2013, Textiles Commissioner A.B. Joshi said after a meeting of the Cotton Advisory Board.
A record crop in India will add to a global glut and extend losses for futures traded in New York, which have plunged 65 percent since an all-time high in March 2011. Global stockpiles will jump to the highest ever by July 31 as the crop improves in India and China cuts imports by 46 percent, the U.S. Department of Agriculture estimates. India is the largest exporter after the U.S., and China is the biggest importer.
“Everybody is looking at anemic demand and a lot of inventory,” Robert Antoshak, managing director at Olah Inc., which advises producers that represent about 40 percent of U.S. exports of upland cotton. “A lot of India’s output is going to be exported to China,” intensifying competition among shippers, he said in an interview in New York.
Cotton futures traded at 77.36 cents a pound on ICE in New York today. Prices capped the 10th straight loss yesterday, the longest decline since March 1979, and tumbled 12 percent in October, the biggest drop among 24 raw materials in the Standard & Poor’s GSCI Spot Index.
Monsoon Boost
“While there has been a reduction in the planted area, productivity will rise on good rains in Maharashtra and Gujarat,” Joshi told reporters in Mumbai today, referring to the biggest growing states. Seeding fell to 11.55 million hectares from 11.98 million hectares a year earlier, he said.
Exports are estimated to decrease 11 percent to 9 million bales from a year earlier, said Joshi. Local demand for cotton from textile mills may climb to 25.8 million bales from 25 million bales, while stockpiles will be 4 million bales by Sept. 30, he said.
The monsoon, which accounts for more than 70 percent of the country’s annual rainfall, delivered the most rain in six years from June to September, according to the India Meteorological Department. The showers eased a drought, which reduced production the previous year.
The harvest may total 38.1 million bales this year from 35.7 million in 2012-2013, Cotton Association of India said Oct. 21. Global reserves will reach 94.7 million bales of 480 pound each as world farmers reap 117.4 million bales outpacing consumption estimated at 109.5 million bales, year, the USDA said in September. China will import 11 million bales, according to the agency.
Futures on the National Commodity & Derivatives Exchange Ltd. in Mumbai traded at 961 rupees ($15.5) per 20 kilograms
Title: Re: Textile Sector
Post by: Idris on November 05, 2013, 07:45:40 AM
Valueestimaor bhai,
I believe the names of textiles "NML, REWM, MQTM, FASM, BNWM, JDMT" appearing under each of your posts is your list of recommended textile shares for investment. Kindly confirm.

Regards
Title: Re: Textile Sector
Post by: GlobalInvestor on November 05, 2013, 11:02:49 AM
Dears MSOT  :biggthumpup: >>>>>> 50's
Title: Re: Textile Sector
Post by: MZ on November 05, 2013, 11:23:56 AM
extile: Profits rose 40% in 1QFY14

Pakistan’s largest industry, Textile, impressively started the current fiscal year by posting 40% rise in profitability in 1QFY14. This was due to improved demand and better yarn margins. Further boost to the profits was provided by depreciating Pak rupee and cheaper financing rates. Profits of our sample listed textile firms increased by 40% YoY to Rs9.1bn in 1QFY14. The same was also reflected at local bourse as shares of our sample listed textile firms have shown price performance of 12% vs. benchmark KSE 100 Index return of just 2.2% in 1QFY14.

In textile, we cover Nishat Mills (NML) in detail and maintain 'BUY' on the scrip with target price of Rs111 per share.

Rising sales and better margins

Favoring fortunes resulted in improved overall textile output in 1QFY14 which can be gauged from 9.3%YoY growth in textile exports to US$3.6bn. In terms of PKR, overall textile exports went up 19%YoY to Rs368bn. The same is reflected from listed textile companies’ profits which increased by Rs2.6bn (40% YoY) to Rs9.1bn in 1QFY14 compared to Rs6.5bn in the same period last year. Our analysis is based on selected textile firms (of 61 companies) including spinners, weavers and composites. Our sample includes all textile units having a minimum Rs250mn market capitalization at KSE. However, for the sake of comparability, we have omitted Azgard Nine and Amtex Limited due to their abnormal and volatile bottom-line. Though the sample covers 85% of textile sector market cap, it is very small compared to total Pakistan textile industry. So the actual profit growth of the textile industry would be much more than Rs9.1bn.

We believe, upward trajectory of profits is mainly attributed to higher volumetric sales and improved margins. Strong cotton yarn and grey cloth demand from China and neighboring countries has contributed to higher units sales while margins increased due to stable cotton prices and around 6% Pak rupee depreciation against US dollar. In 1QFY14, local cotton prices remained in the range of Rs6,752-7,770 per 40kg compared to Rs5,573-6,645 in 1QFY13, depicting less volatility this time.

Profits up 14% versus 4QFY13

Textile sector performed well in 1QFY14 vs. 4QFY13 as shown by Pakistan textile exports which increased by 3.6%QoQ to US$3.58bn versus US$3.45bn in 4QFY13. Export volumes of yarn, bed wear and towels rose by 39%QoQ, 32%QoQ & 13%QoQ, respectively. This coupled with PKR depreciation against dollar in 1QFY14 boded positive impact on the profitability of sector.

Outlook for FY14

Pak rupee depreciation, continuation of China cotton policy and relatively better energy situation in the country will keep on supporting the textile sector in making profits, we believe. Expected GSP plus status from EU Parliament will further augment positive effects especially for composite units.

On the other hand, potential revision of China cotton policy, recent increase in energy prices and higher inflation forecast for FY14 are expected to impact sector’s profitability, going forward.

topline
Title: Re: Textile Sector
Post by: M&M on November 05, 2013, 01:36:38 PM
An action plan has been finalized to get full advantage of expected GSP plus by the Textile Industry Division, she added. She said that the division would make efforts for immediate payment of pending refund claims of textile exporters as exporters are facing financial crunch owing to this problem.

http://bit.ly/1bUxuno
Title: Re: Textile Sector
Post by: SBM on November 05, 2013, 06:11:41 PM
Cotton Slumping as Glut Expands Record China Hoard
By Whitney McFerron, Luzi Ann Javier & Marvin G. Perez - Nov 5, 2013 2:43 PM GMT+0500

China is hoarding a record amount of cotton to aid farmers as global production exceeds demand for a fourth consecutive year, increasing the risk of a supply surge that would tip prices into a bear market.
The biggest producer and user will have 12.7 million metric tons in inventory by July 31, 62 percent of the global total and enough to make about 71 billion t-shirts, the U.S. Department of Agriculture estimates. The government may end its stockpiling program the following season, Macquarie Group Ltd. says. Prices will drop 8.4 percent to 69.5 cents a pound in a year, according to the median of 12 analyst estimates compiled by Bloomberg.

Unpicked cotton remains on harvested bushes lining a field in Shandong Province, China. Photographer: Keith Bedford/Bloomberg

Workers sort cotton at a yarn factory in Dali county, Shaanxi province, China. Photographer: Nelson Ching/Bloomberg
While growers in the U.S. and Brazil pared output as prices tumbled from a record $2.197 in 2011, Chinese farmers boosted production as the state absorbed excess crops. The government bought supply equal to about 85 percent of domestic output last year and the nation will import 2 million tons less this season, accounting for all the contraction in global shipments seen by the USDA. Cheaper cotton boosted margins for Levi Strauss & Co., Hanesbrands Inc. (HBI) and other clothing companies.
“The size of the reserve is one issue, transparency is another issue, and both are contributing to anxiety in the market,” said Terry Townsend, the executive director of the International Cotton Advisory Committee in Washington. “We hope that China embarks on an orderly liquidation over a number of years so the market can reach equilibrium. Everyone is speculating on what the government will do.”
\
Apparel Council
Cotton fell almost 19 percent to 75.85 cents a pound on ICE Futures U.S. in New York since reaching a 16-month closing high of 93.32 cents on Aug. 16, taking it within 2 percentage points of a bear market. That pared this year’s advance to 0.9 percent as the Standard & Poor’s GSCI gauge of 24 commodities dropped 5.6 percent. The MSCI All-Country World Index of equities gained 17 percent and the Bloomberg U.S. Treasury Bond Index lost 2.1 percent.
The China National Textile & Apparel Council said in June the government may change its reserve policy in 2014 in favor of direct subsidies to farmers instead of buying crops. The program pays farmers 20,400 yuan a ton for cotton, equal to about $1.52 a pound, or about twice the futures price in New York.
The nation may abandon the policy in 2014-15, said Kona Haque, an analyst at Macquarie in London. The program and China’s imports are the “most important factor in the market,” said Aakash Doshi, an analyst at Citigroup Inc. in New York.
‘Economically Unfeasible’
“The program right now is economically unfeasible,” said John Flanagan, the president of Flanagan Trading Corp. in Fuquay-Varina, North Carolina. “They have so many bales of cotton right now, that it serves no good purpose. They can achieve the same thing by just directly subsidizing.”
China may start selling some of its reserves later this year or in 2014, Gao Fang, the secretary general of the China Cotton Association, told a conference in Liverpool, England, on Oct. 24, without giving figures. China sold about 4.2 million tons from reserves in the season that ended July 31, according to Cotlook Ltd., a Birkenhead, England-based research company.
A change in China’s reserve policy “doesn’t mean dumping stocks,” said Antonio Esteve, the chief executive officer of the cotton group at Ecom Agroindustrial Corp. Ltd, a trading company based in Pully, Switzerland. Esteve said he expects an “orderly feed back to the market.”
Drought Conditions
Sales from Chinese stockpiles would come as global output drops 3 percent to 117.42 million bales (25.58 million tons) this season, according to the USDA. The agency predicts that demand will rise 2.1 percent to 108.7 million bales. A bale weighs 480 pounds and has enough fiber to make 1,217 t-shirts, the National Cotton Council of America says. A fourth surplus would be the longest streak since 1999, according to the USDA, which is scheduled to update supply and demand forecasts Nov. 8.
Production in the U.S., the biggest exporter, will drop 26 percent to a four-year low of 2.81 million tons after some areas suffered drought conditions and farmers reduced planting, the USDA estimates. Chinese growers also are starting to curb output, with the harvest predicted to be 5.7 percent smaller at 7.19 million tons this season. Output would still have almost doubled in two decades, USDA data show.
Cotton accounts for 31 percent of global fiber consumption and that may drop to 27 percent by 2025 as clothes makers favor cheaper products including polyester, the International Cotton Advisory Committee’s Townsend said.
Levi’s Jeans
Hanesbrands, the maker of Hanes underwear and Playtex bras, sees favorable cotton prices for at least the “next couple of quarters,” Chief Financial Officer Richard Moss said on a conference call with analysts Oct. 30. Shares of the Winston Salem, North Carolina-based company jumped 89 percent to $67.60 since the start of January and will climb to $74.56 in 12 months, according to the average of nine analyst forecasts.
Levi Strauss, the San Francisco-based maker of Levi’s jeans and Dockers apparel, reported that gross margins improved in the nine months ended Aug. 25 mainly because of cheaper cotton. Prices at about 80 cents a pound should ensure adequate supply, Michael Casey, chief executive officer of Carter’s Inc. (CRI), the Atlanta-based maker of OshKosh B’gosh children’s clothing, said on a conference call Oct. 24.
Global cotton stockpiles will expand 10 percent to 20.64 million tons by the end of the season in July, enough to meet more than 10 months of global demand, the USDA says. That’s the highest level of inventories relative to consumption in agency data going back more than a half century.
There are already signs that China may be amending its cotton policy. This season’s buying program began Sept. 9 and purchases reached 1.08 million tons by Oct. 31, about a third less than last year, according to data from Cotlook.
“There are a lot of rumors but I don’t think any hard facts,” said Jean-Marc Derossis, a managing director at Plexus Cotton Ltd., a Liverpool-based merchant. “First they will stop building stocks, which they’re probably in the process of doing. The second step is to reduce stocks.”

To contact the reporters on this story: Whitney McFerron in London at wmcferron1@bloomberg.net; Luzi Ann Javier in New York at ljavier@bloomberg.net; Marvin G. Perez in New York at mperez71@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net
Title: Re: Textile Sector
Post by: babar4289 on November 05, 2013, 11:52:51 PM
Laoo gsp plus status laao textile
Title: Re: Textile Sector
Post by: Salammembers on November 06, 2013, 05:52:49 AM
http://tribune.com.pk/story/627716/gsp-plus-eu-vote-clears-pakistans-path-for-duty-free-access-to-european-markets/
Title: Re: Textile Sector
Post by: GlobalInvestor on November 06, 2013, 10:25:47 AM
Dears MSOT  :biggthumpup: >>>>>> 50's

Remember this Jewel as Well in GSP Beneficieries  :biggthumpup:
Title: Re: Textile Sector
Post by: MZ on November 06, 2013, 05:12:55 PM
AKD Daily

Textiles: GSP Plus in the news!

The EU Committee on International Trade has reportedly approved the list of countries applying for the EU GSP Plus Status including Pakistan. In our view, the GSP Plus status for Pakistan will result in an increase in textile exports particularly in the higher value added segment of the textile chain whereby fabrics, readymade garments and made-ups will receive duty free access to the EU market. However, growth in total textiles exports under the GSP Plus scheme is capped at 14.5% p.a. Although this may limit sector wide growth in EU export revenues to 14.5% from base-case estimates, individual companies that manage to increase their proportional share in exports to the EU should emerge as relative winners. While the overall textile sector is likely to benefit, we flag NML as the key potential beneficiary of the GSP Plus status due to higher presence in the high value added chain, capacity expansions in stitching, processing and weaving in anticipation of the GSP Plus Status and a secure presence in the EU market. NML offers an attractive upside of 41% to our Jun'14 TP of PkR131/share indicating a Buy stance.

 

GSP Plus lined up! The EU Committee on International Trade has reportedly approved the list of countries applying for the EU GSP Plus Status including Pakistan. In this regard, our channel checks suggest that the EU Parliament will vote to formally approve GSP Plus status for the applying countries on Dec 6'13, with commencement from Jan 1'14. In a nutshell, this will eliminate import duties on more than 6,000 items thereby helping to make Pakistan more competitive in the EU marketplace. Considering Pakistani exports to Europe totaled US$6.1bn in FY13 (~25% of the country's total exports), this should have a significant +ve impact on overall exports, particularly Textiles. In this regard, according to the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), total textile exports to the EU can increase by US$580mn-US$700mn/year (increase of 9.5%-11.5% vs. FY13 exports).   

 

Drilling deeper: The GSP Plus status for Pakistan will likely result in an increase in textile exports, particularly in the higher value added segment of the textile chain. That said, according to channel checks, home textiles are not likely to benefit significantly from the arrangement as Pakistan already has a high market share in the segment (~6% which precludes benefits under the new GSP Plus regime).  Nevertheless, fabrics, readymade garments and made ups should end up as key beneficiaries. There is a caveat however - growth in total textiles exports under the GSP Plus scheme is capped at 14.5% p.a. Within this backdrop, individual companies that manage to increase their proportional share in exports to the EU at should emerge as relative winners. In our view, most of the benefit under GSP Plus should be delivered from volumetric sales as the bulk of decrease in unit prices post duty elimination is passed onto end-consumers.

 

Investment perspective: While the overall textile sector is likely to benefit, we flag NML as the key potential beneficiary of the GSP Plus status due to a higher presence in the higher value added chain (32% revenues originating from the Weaving and Garments segments), capacity expansions in stitching, processing and weaving in anticipation of the GSP Plus Status and a presence in EU market (22% of total revenues originating from the EU). We believe that NML will be able to grow exports to the EU at a rate higher than 14.5%, with its capacity expansions coming into play. At current levels, NML offers an attractive upside of 41% to our Jun'14 TP of PkR131/share where we incorporate export growth CAGR of 9.3% over the next 5yrs. Any change to this assumption, post management feedback, may stand to increase our EPS estimates and TP going forward.
Title: Re: Textile Sector
Post by: Trademaster on November 07, 2013, 08:49:19 AM
http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1102008702&Issue=NP_KHI&Date=20131107

Title: Re: Textile Sector
Post by: aliraza on November 07, 2013, 09:20:41 AM

November 07, 2013
GSP-like package from US sought
Our Staff Reporter

KARACHI  - Lasbela Chamber of Commerce and Industry President Ismail Suttar has welcomed the grant of duty free market access to Pakistani textile made-ups by the Europe Union (EU), under the provisions of Generalized System of Preference (GSP) plus with effect from 1st January, 2014.

The Chamber’s chief congratulated the manufacturers and exporters of textile products, who have now got the opportunity to penetrate in the EU market, as this facility would provide duty free access to about 3500 products, thus saving 11% custom duty levied on Pakistani products in Europe, which has been abolished with effect from 1st January, 2014.

Ismail Suttar appreciated the efforts of the Punjab Governor Muhammad Sarwar, whose efforts and lobbying with the EU Parliamentarians resulted in providing this facility to Pakistan.

The president of Lasbela Chamber urged the US authorities to facilitate the Pakistani exporters in similar way to provide duty free US market access to Pakistani exports, which may grow up to $2 billion thus providing a great support for strengthening the economy of Pakistan and to address the unemployment problem and poverty elevation issues. An economically strong Pakistan may play significant role in resolving various socio-economic issues of the world as well.

http://www.nation.com.pk/E-Paper/Lahore/2013-11-07/page-9/detail-2
Title: Re: Textile Sector
Post by: aliraza on November 07, 2013, 09:21:38 AM

November 07, 2013
Country hopeful for GSP+
Salman Abduhu

LAHORE  -  The country has achieved a milestone leading towards the GSP Plus status for its textile and clothing industry in the EU, as the International Trade Committee of EU has approved the duty free status for Pakistan with a majority vote.

Industry experts and representatives of business community expressed the hope that the matter will be put forward to the EU Parliament on 10th December for granting duty free market access to Pakistani exports under the Generalized System of Preference (GSP) Plus status with effect from January 1, 2014. “There are 90 per cent chances that Pakistan along with nine other under-developed countries will be granted this status,” a textile industry stakeholder told The Nation on condition of anonymity. He said that this approval is preliminary and Pakistan had got 17 votes out of 30 while 12 votes were cast against Pakistan in the International Trade Committee of the EU. So, we are not 100 percent sure to win the votes of whole EU parliament, he added.  All Pakistan Textile Mills Association Punjab Chairman SM Tanvir observed that achieving this favourable support from the International Trade Committee of EU is a big achievement of the govt of Pakistan and has lauded the effective diplomatic initiatives of the govt. Chairman APTMA Punjab said it is a great opportunity for the textile industry of Pakistan to manufacture and produce exportable surplus to realize maximum benefits.

He has urged the govt to fulfill energy needs of the textile industry to ensure level playing field against competitors by operating without break to produce export surplus. APTMA has envisioned doubling textile exports from $13b to $26b in four years, which will create employment  and increase production of the textile.

The LCCI also welcomed the EU Parliament’s International Trade Committee move to grant duty free market access to Pakistan that would help give considerable boost to exports and create new jobs. LCCI President Sohail Lashari said that approval of GSP Plus status by European Parliamentary Committee has proved all international conventions relating to human and labour rights, environment and good governance have been implemented by the Pakistan to the satis­­faction of EU Parliament.

“The EU Parliament is considering the GSP Plus status for 10 developing countries in all and is granted to those countries that ratify and implement international conventions.”

He said that exporters from various industries in Pakistan were anxiously hoping for access to European markets, which promises huge potential for multiplying the country’s current exports.

He said that grant of European Union’s GSP+ to Pakistan will create a million jobs for Pakistani youth and boost exports by $500 million. He said that the Lahore Chamber of Commerce and Industry has been raising the issue for the last many years and today is an historic day for Pakistan’s business community.

This is a great opportunity that needs to be tapped up to its true potential, he added.

He expressed the optimism that the European Parliament in its meeting scheduled for December 10, 2013 would finally grant the status.

EU Parliament’s International Trade Committee had voted 17-12-1 in favour of Pakistan’s inclusion in GSP Plus countries.

http://www.nation.com.pk/E-Paper/Lahore/2013-11-07/page-8/detail-1
Title: Re: Textile Sector
Post by: MZ on November 07, 2013, 07:47:01 PM
(http://urdu.aaj.tv/image/stories/140920_story.jpg)
Title: Re: Textile Sector
Post by: Salammembers on November 08, 2013, 01:04:20 AM
http://tribune.com.pk/story/628172/fake-deals-textile-tycoon-arrested-for-rs110-million-tax-fraud/   
Title: Re: Textile Sector
Post by: SBM on November 09, 2013, 11:06:56 PM
Many a plus in GSP plus

November 08, 2013 BR Research0 CommentsE-mailPrintPDF
Our European friends finally came through. Pakistan is on its way to qualify for the much-lobbied duty-free access to the 27-nation European Union (EU) market, following a recent favourable vote by its international trade committee.

The said access resides in the EUs reformed or new Generalised Scheme of Preferences (GSP), which is akin to a preferential trade package for the developing countries exports. After the final EU vote in early December, Pakistan will officially qualify for the GSP plus status, which starts from January 1, 2014.

Pakistani exporters, particularly in textiles, are already benefiting from the general GSP access since November last year, an access shared with 110 other developing countries and territories. Pakistan has qualified for the more attractive GSP plus status because its EU exports were less than 2 percent of EUs total imports. Besides, it was required to ratify international conventions on human and labour rights, environment and governance.

Pakistans EU exports were just under 22 percent of the countrys total exports in FY13, thanks to textiles group. But, that percentage may increase now. Background discussions with local exporters reveal that this much-coveted facility will open up many an opportunity, increasing the annual export by as much as a billion dollar. Textiles will benefit the most, since they account for most of Pakistans exports to the EU.

Dr. Mirza Ikhtiar Baig, an industrialist and advisor on textile to former Prime Minister told BR Research that he is expecting a $700 million annual increase in overall exports due to the GSP plus status. "With the 11 percent duty on EU textile imports gone, local exporters will have a level playing field with Bangladesh. We appreciate governments efforts in this regard, especially the Governor Punjab who visited the EU parliament to make Pakistans case," he said.

Market sources say that GSP plus is going to impact the high-end textile products favourably such as readymade garments, made-ups and fabrics, compared to the basic textiles in the low-end value chain. Despite the electricity and gas load shedding issues, there is a sense that exporters will be able to attract new buyers, increase their installed capacities, raise their utilization rates and increase sales volume.

A textile exporter told BR Research that his major EU competition was from Bangladesh, Cambodia and Vietnam, besides China and India. It will perhaps help increase textile exports when China, India, Indonesia, Thailand and Vietnam are not among the 35 countries eligible for GSP plus status.

However, there is confusion in the market whether there are any quota restrictions on the GSP plus exports. Under the existing GSP, there is a graduation mechanism to remove a countrys particular export product from the list when it exceeds 15 percent of EUs GSP imports of the same products from all GSP beneficiary countries during three years. For textiles and clothing the threshold is 12.5 percent.

However, the EUs trade regulations indicate that this graduation mechanism does not apply to the GSP+ beneficiaries. If that is really the case, Pakistan may have a slight advantage over China and India, who are subject to the EUs graduation rule on their textiles and chemicals exports from 2014 to 2016. Dr. Baig also confirmed that there are no export volume restrictions under the new scheme.

Pakistans sluggish exports have been in need of a spark; and the GSP plus status may just be the trigger. The government will do well to address the power woes and security situation at the earliest. That will allow the private sector to capitalize on this opportunity, through increased exportable production as well as joint-ventures and contract manufacturing.

More importantly, the policymakers now have the opportunity to diversify the countrys export base away from textiles. It is said that 90-95 percent of tariff lines or over 6,000 products will be eligible under GSP plus. Since the schemes duration is 10 years, there is ample time to identify various sectors and increase their export competitiveness over time through policy incentives. A big market is waiting out there.
Title: Re: Textile Sector
Post by: asianstock on November 10, 2013, 02:10:36 PM
LAHORE - Federal Minister for Information Pervaiz Rashid called on Punjab Governor Ch Muhammad Sarwar on Saturday and discussed economic matters after Pakistani textile products got the GSP+ status at the international market.
While talking to the minister, the governor said that now the textile products of Pakistan will get a big boost at the international level which will contribute immensely to the national economy. He also lauded the efforts made by the Prime Minister, the Chief Minister and the State Minister for Trade for successfully lobbying to procure GSP+ status and said the success achieved on this front would also go to promote soft image of the country at the international level.

This achievement is also a massage to the world that whole national is one on the matters of national interests, he said adding the time has reached that the nation should put up the best efforts to enable the wheel of national economy move forward.

The governor further said expatriates are asset of Pakistan and in order to take maximum use of their spirit to serve the country, we need to give them better facilities. The Minister appreciated the efforts made by the Governor to get Pakistan GSP as well as for the provision of clean water to the citizens and the school kids.
He said that the presence of the Governor in the office is not only a matter of great satisfaction to the government but also a means to project a positive image of the country at the international level.
Title: Re: Textile Sector
Post by: asianstock on November 13, 2013, 12:29:15 AM
(http://www.dickson-constant.com/medias/images/catalogue/api/5477-logo-red-680.jpg)

samaj nay walay samaj to gahay hooon gaay.. so waiting for Next......
Title: Re: Textile Sector
Post by: mshakilsadiq on November 13, 2013, 01:29:04 AM
(http://www.dickson-constant.com/medias/images/catalogue/api/5477-logo-red-680.jpg)

samaj nay walay samaj to gahay hooon gaay.. so waiting for Next......

Bhai clearly say  that Wednesday will be red day

Title: Re: Textile Sector
Post by: aliraza on November 13, 2013, 09:08:40 AM

http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1102014416&Issue=NP_LHE&Date=20131113

http://e.jang.com.pk/11-13-2013/lahore/pic.asp?picname=05_15.gif
Title: Re: Textile Sector
Post by: zahid on November 13, 2013, 05:00:18 PM
www.facebook.com/photo.php?fbid=531005900328158&set=a.256322144463203.57137.252628418165909&type=1&theater
Title: Re: Textile Sector
Post by: asianstock on November 15, 2013, 05:40:21 PM
FAISALABAD:

As the European Union Parliament moves closer to allowing duty free access for Pakistani products by early next month, industrialists in the country’s textile hub, Faisalabad, are surprisingly not as excited.

http://tribune.com.pk/story/632163/square-one-faisalabads-textile-industry-concerned-about-gas-curtailment-plan/

Govt Lobby did hard efforts for making GSP for Pakistan.. They already make plan how to run textile sector on winter condition..  In short, govt support textile sector for making export as Ishaq dar already told it about export  :shoaby: :shoaby: :shoaby: :shoaby:

Laooooooooooooooooooooo Maaaaaaaaaaaaaaaaaaaaaaaaaal  :shoaby: :shoaby:

See this link for more details: 
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/lahore/09-Nov-2013/textile-exports-to-be-enhanced-after-gsp-plus-status-sarwar
Title: Re: Textile Sector
Post by: asianstock on November 15, 2013, 05:56:03 PM

Abad calls for increasing garment production capacity

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1253964:abad-calls-for-increasing-garment-production-capacity/
Title: Re: Textile Sector
Post by: asim.786 on November 17, 2013, 01:55:57 AM
http://www.dailytimes.com.pk/default.asp?page=2013\11\17\story_17-11-2013_pg5_10
Title: Re: Textile Sector
Post by: Salammembers on November 17, 2013, 01:58:12 AM
http://tribune.com.pk/story/632573/standing-out-going-against-the-tide-in-the-textile-industry/
Title: Re: Textile Sector
Post by: aliraza on November 17, 2013, 05:43:33 PM



http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1102017597&Issue=NP_LHE&Date=20131117
Title: Re: Textile Sector
Post by: pieyomie on November 19, 2013, 10:34:54 AM
Value bhai can you mention few dirt cheap/undervalued textile shares

rewm is one (i want to buy more)
admm i think is another (i want to buy)
i already have bnwm in my holding for more than half a year now


Lao Admm!  :clap1:
Title: Re: Textile Sector
Post by: jamalakhter on November 19, 2013, 10:36:09 PM
value bro also give ur opinion about MQTM
Title: Re: Textile Sector
Post by: asim.786 on November 19, 2013, 11:44:58 PM
Textile sector will b boom in next two moth
Title: Re: Textile Sector
Post by: SBM on November 20, 2013, 01:21:53 PM
Improved cotton arrivals to keep cotton prices in check

Written as on November 20, 2013

 

In today's Value Seeker we present an analysis of recently released cotton figures by Pakistan Cotton Ginners Association (PCGA) upto 15 Nov'13. We have further presented a discussion on the outlook of the same going forward.

Cotton arrivals augment by 12%YoY in FY14TD

According to the data released by PCGA, cotton arrival figures increased by 12%YoY to 9,518k bales as compared to 8,519k during the same period last year. The contribution of Punjab in total arrivals jumped significantly to 65% when compared with our last update upto 1 Oct'13 when Punjab's share was 41%. Early peak cotton picking season in Punjab as compared to Sindh bolstered this growth. On fortnightly basis, cotton arrivals soared by 15% YoY (1912k v/s 1668k bales last year).

Province-wise analysis

Punjab contributed 65% in total cotton arrivals depicting a growth of 8.4%YoY to 6204k bales. The district of Rahim Yar Khan added the highest number of bales (707k) in Punjab arrivals with a share of 11.4%. The highest growth of 86%YoY to 180k bales was witnessed in district Layya arrivals.

Accordingly, an analysis of Sindh arrivals reflected a growth of 18.5%YoY to 3,314k bales. District Sanghar alone contributed 40% in Sindh arrivals to 1,333k while remaining the highest contributor to total cotton arrivals of Pakistan with a share of 14%. However, the highest growth of 69% in arrivals was witnessed in district Dadu with ~1% share in Sindh arrivals.

Outlook

The Cotton Crop Assessment Committee has revised down the cotton target from 13.22mn bales to 11.95mn bales for FY14 on the back of issues such as (i) low germination of seed and its poor quality, (ii) flood damages and (iii) attack of cotton pests. However, we estimate 12.2mn bales for FY14 anticipating a less severe affect of the above mentioned variables. Moreover, based on better cotton arrivals YTD we expect cotton prices to maintain at their current levels in the near term. Nonetheless, demand of cotton yarn from China is likely to be a major determinant of cotton prices going forward.

Investcap
Title: Re: Textile Sector
Post by: aliraza on November 21, 2013, 08:58:24 AM


http://tribune.com.pk/story/634583/gas-outages-textile-industry-fears-losing-export-orders/
Title: Re: Textile Sector
Post by: twahidi on November 21, 2013, 01:47:11 PM
What is best buy in textile sector? Any recommendations please.
Title: Re: Textile Sector
Post by: GlobalInvestor on November 21, 2013, 01:58:54 PM
Dears MSOT  :biggthumpup: >>>>>> 50's
Title: Re: Textile Sector
Post by: SBM on November 21, 2013, 02:09:14 PM
Dears MSOT  :biggthumpup: >>>>>> 50's

 :thanks:
Title: Re: Textile Sector
Post by: MZ on November 21, 2013, 04:51:45 PM
Oct'13/4MFY14 Textile Exports Update:

Pakistan Bureau of Statistics (PBS) released exports data for Oct'13 yesterday. Textile exports posted a sequential decline during Oct'13 to clock in at US$1.1bn a decline of 12%MoM while exports were flattish on a YoY basis. The decline in textile exports may primarily be attributable to almost week long Eid holidays during last month. Decline in exports was led by bedwear which registered a 34%MoM decline to clock in at US$163mn followed by cotton yarn at -14%MoM. Textile exports however continued to show growth on a cumulative basis where 4MFY14 exports clocked in at US$4.69bn, an increase of 8%YoY. The growth story for the 4MFY14 period was bed wear which registered 21%YoY growth to clock in at US$727mn. Going forward, we may see another slow month for exports during Nov'13 due to an 11 day strike by transporters. Currently we have a buy stance on NML and NCL which offer an upside of 20% and 25% from current levels to our respective TPs of PkR127/share and PkR68/share.

AKD
Title: Re: Textile Sector
Post by: MZ on November 21, 2013, 05:01:58 PM
Textile Exports up 7.5%YoY in 4MFY14

The Pakistan Bureau of Statistics (PBS) recently released its exports data for the month of Oct’13. In this regard, textile exports have gone down by 12%MoM while increasing by a minuscule 0.4% on a YoY basis. Amongst the leading contributors in exports, an increase was witnessed in Cotton Clothes (9%YoY to US$235mn), Bedwear (7%YoY to US$163mn), and Knitwear (6%YoY to US$189mn), while on the other hand, Readymade Garments and Cotton Yarn posted negative growth figures of 7%YoY and 0.4%YoY, respectively. On a MoM basis, the major segments within the textile export group witnessed a decline in the range of 1-34%. Overall during 4MFY14, textile sector exports stood at US$4.7bn, to witness a growth of 7.5%YoY (up 18%YoY in PkR terms).

Despite the subdued growth, we continue to view the sector positively on the back of its increased competitiveness due to PkR weakness and the possible grant of the GSP plus status. We maintain our ‘Buy’ stance on NML (Nishat Mills Limited) which is currently trading at PEs of 5.5x and 5.2x for FY14 and FY15, respectively.

Textile exports down 12%MoM in Oct’13

According to the latest PBS export data, textile exports (contributing ~60% to the country’s total exports) for the month of Oct’13 clocked in at US$1.1bn, down 12% compared to the last month (Sep ’13). The decline primarily came on the back of the variance in volumes. Amongst the leading contributors,  cotton yarn, cotton clothes, knitwear/bedwear and readymade garments witnessed relatively lackluster volumetric sales, contributing ~71% to the country’s textile exports.

Shajar Research
Title: Re: Textile Sector
Post by: MZ on November 21, 2013, 05:07:27 PM
PKR dep and GSP plus promise good 2HFY14 for Pakistan Textiles

Event

The textile exports for October 2013 stood at USD1,114mn down by 12.3% on MoM basis. This slump was due to lower volumes in both value-added and basic textiles, leading this decline were the cotton yarn and bed wear segments with MoM double digit declines of 13.6% and 29.9% respectively.

We consider this decline a onetime event (due to extended Eid holidays) and expect a stellar 2HFY14 on the back of likely attainment of the EU GSP plus status and PKR depreciation. With~55% revenue coming from value-added textiles NML remains our preferred pick.

Impact

Charm for spinning fading away: Overall, a MoM decline of 14% in yarn exports was witnessed in October 2013. The strong demand for yarn from China seen throughout FY13, due to the high cotton procurement price set by the Chinese policy makers seems to be fading away. Recent news items and statements from officials of China National Cotton Reserves Corporation  (CNRC) hinted a change in the cotton procurement policy which has led to a decline in demand for Pakistani yarn, as significant amount of local inventories are expected to be offloaded by CNRC.

Value added segment: The exports of knitwear, bed wear and readymade garments stood at US$188mn, US$163mn and US$144mn respectively, corresponding to MoM declines of 0.8%, 34.1% and 5.7%. The drop was due to extended Eid holidays, According to industry sources textile units were closed for 8 consecutive days in October.

FS Research
Title: Re: Textile Sector
Post by: SBM on November 21, 2013, 07:51:52 PM
8 din kon sa unit band hota hai ?
textile mills run for 360+ days
especially in spinning sector
Title: Re: Textile Sector
Post by: asim.786 on November 22, 2013, 04:14:22 AM
Any buddy Plz advise good share to pick for medium term in textile rather  than Nml Ncl
Title: Re: Textile Sector
Post by: Irfankhan on November 22, 2013, 06:13:39 AM
Textile sector is going to pickup as going forward there are alot of chances - some of the important factors :-

1. Loans - As the dollar is appreciating the rupee loans are getting smaller by itself specially for the textile exporting firms, and sick units will also stand in near future, and it willbe easy for the running units to payoff their loans more easily from their cool winds earning of dollar appreciation in local currency.

2. Bangladesh has a serious political and religious issues - Strikes going on. Every buyer of their textiles are fedup with the long delays in deliveries from Bangldesh even they sometimes stop their factories without customer's knowledge.

3. Chinese Manufacturing lines are changing trend - previously they were making yarn themselves. now they are importing yarn from Pakistan in big numbers last couple of years and going forward they are going to stop the weaving as well and will come to pakistan to get this service from Pakistan as well and will go for the machinery and high tech products.

4. Chinese are now going forward to the IT Sector and leaving Textile sector slowly.

5. Indian markets are the only competitors of Pakistan who are manufacturers. rest from nepal - vietnam etc hv no capacity to compete Pakistan.

I personally believe there is a big vacume in textile sector for which Pakistani Industry is not ready for and Government should realize because once our Government get serious all the buyers are ready to Order our industry even they will come to Pakistan and sit here to take deliveries.

Trend is positive and let see how our people solve power generation issues - after which the ball game willbe different.

 :fingerscrossed1:  Medium to Long term  Laooo Textile sector.
Title: Re: Textile Sector
Post by: Valueestimator on November 22, 2013, 08:53:37 AM
Textile sector is going to pickup as going forward there are alot of chances - some of the important factors :-

1. Loans - As the dollar is appreciating the rupee loans are getting smaller by itself specially for the textile exporting firms, and sick units will also stand in near future, and it willbe easy for the running units to payoff their loans more easily from their cool winds earning of dollar appreciation in local currency.

2. Bangladesh has a serious political and religious issues - Strikes going on. Every buyer of their textiles are fedup with the long delays in deliveries from Bangldesh even they sometimes stop their factories without customer's knowledge.

3. Chinese Manufacturing lines are changing trend - previously they were making yarn themselves. now they are importing yarn from Pakistan in big numbers last couple of years and going forward they are going to stop the weaving as well and will come to pakistan to get this service from Pakistan as well and will go for the machinery and high tech products.

4. Chinese are now going forward to the IT Sector and leaving Textile sector slowly.

5. Indian markets are the only competitors of Pakistan who are manufacturers. rest from nepal - vietnam etc hv no capacity to compete Pakistan.

I personally believe there is a big vacume in textile sector for which Pakistani Industry is not ready for and Government should realize because once our Government get serious all the buyers are ready to Order our industry even they will come to Pakistan and sit here to take deliveries.

Trend is positive and let see how our people solve power generation issues - after which the ball game willbe different.

 :fingerscrossed1:  Medium to Long term  Laooo Textile sector.

Very valuable comments and good analysis.

in Pakistan whenever somebody tries to do something, all the govt. departments wants their share in it.
Title: Re: Textile Sector
Post by: aliraza on November 22, 2013, 09:34:13 AM


http://www.brecorder.com/cotton-a-textiles/185:pakistan/1255972:three-month-gas-suspension-textile-sector-unlikely-to-meet-export-orders/?date=2013-11-22
Title: Re: Textile Sector
Post by: asianstock on November 22, 2013, 11:18:53 AM
http://www.brecorder.com/top-news/108-pakistan-top-news/145208-khurram-dastgir-leaves-for-europe.html

http://www.brecorder.com/business-a-economy/189/1255955/

Get Ready for Textile Rally :) :thumbsup_anim: :thumbsup_anim:
Title: Re: Textile Sector
Post by: Valueestimator on November 22, 2013, 02:14:48 PM
http://www.brecorder.com/top-news/108-pakistan-top-news/145208-khurram-dastgir-leaves-for-europe.html

http://www.brecorder.com/business-a-economy/189/1255955/

Get Ready for Textile Rally :) :thumbsup_anim: :thumbsup_anim:

now every day there would be some news abt textiles. the sector will see lot of investment.
Title: Re: Textile Sector
Post by: SBM on November 22, 2013, 02:23:54 PM
Series of unfortunate events in bangladesh providing some upside to pakistani garment manufacturers



Wal-Mart to H&M Agree on Bangladesh Work Safety Standards
By Stephanie Wong & Arun Devnath - Nov 21, 2013 12:06 PM GMT+0500


Two groups led by the U.S. and European retailers including Wal-Mart Stores Inc. (WMT) and Hennes & Mauritz AB (HMB) agreed to improve work safety inspection standards in Bangladesh.
The Alliance for Bangladesh Worker Safety, led by a group of North American apparel companies, and the Accord on Fire and Building Safety whose members mainly are European retailers, have agreed on a “common, minimum criterion for fire and structural inspection safety standards, pending a few final modifications” the group said in a statement posted on its website yesterday.
Enlarge image Garment Worker
A garment worker runs through a cloud of tear gas fired by riot police during clashes in Gazipur, a key garment manufacturing hub outside Dhaka, on Nov. 19, 2013. Photographer: Munir uz Zaman/AFP/Getty Images
“The challenges in Bangladesh are many and complex, and the solution requires collaboration across all interested parties,” Jeffrey Krilla, president of the alliance, said in the statement that didn’t disclose details of the agreement.
International retailers have been under pressure to help improve conditions across Bangladesh’s apparel industry. Clothing makers in the country are trying to rebuild their image after the April collapse of the Rana Plaza factory complex killed more than 1,100 people in the country’s worst industrial disaster.
The agreement was made with the retailer groups as well as the Switzerland-based International Labour Organization and the Bangladesh University of Engineering and Technology, according to the statement. Phone calls to ILO, the Alliance and the Accord on Fire and Building Safety weren’t answered outside business hours.
The Alliance also said it has added 66 more factories into the supplier database, bringing the total to 686 Alliance member factories. The Alliance’s members include J.C. Penney Co. (JCP), Gap Inc., Target Corp. and Macy’s Inc. The Accord has members including Inditex SA (ITX), Carrefour SA and Marks & Spencer Group Plc.
Wage Increase
Unsafe factories and wages higher than only Myanmar in Asia have sparked labor tensions in Bangladesh’s $20 billion garment industry. A series of protests by workers demanding higher wages have taken place in the past several months in the industrial zones of Gazipur and Ashulia on the outskirts of the capital Dhaka. Some workers clashed with the police in demonstrations that forced the shutdown of factories.
Two workers died and 30 others injured in a protest this week as thousands took to the streets demanding a higher monthly salary of 8,000 taka ($103). The government last week increased the minimum wage to 5,300 taka, below the amount unions are demanding.
Production Resumed
Except for one or two factories, most that had been shut by labor unrest have resumed production, Abdus Salam Murshedy, president of Exporters Association of Bangladesh, said via phone today. “Workers have joined work,” he said. “We expect that the government will issue a formal, written notice on the new wage structure today. The situation is returning to normal.”
Bangladesh Prime Minister Sheikh Hasina yesterday urged workers to accept the wage increase and to end violence, she said in a speech broadcast by Bangladesh Television.
Bangladesh police arrested five union leaders over charges of instigating violence in the garment industry, Mostafizur Rahman, additional superintendent of police in Gazipur district said yesterday, without naming those arrested.
Title: Re: Textile Sector
Post by: SBM on November 22, 2013, 02:27:39 PM
http://www.bloomberg.com/news/2013-11-19/two-bangladesh-garment-workers-die-in-protests-for-higher-wages.html

of the country’s 5,000 clothing factories. Monthly manufacturing wages in Bangladesh average $74, only higher than the $53 workers receive in Myanmar, according to an Asia survey by the Japan External Trade Organization released in December.

Minimum wage rate in bangladesh is now 68$ .. in pakistan its around 82$ (9k pkr )
i guess average rate in the industry would be higher than the minimum wage rate


Title: Re: Textile Sector
Post by: Valueestimator on November 22, 2013, 04:43:00 PM
http://www.bloomberg.com/news/2013-11-19/two-bangladesh-garment-workers-die-in-protests-for-higher-wages.html

of the country’s 5,000 clothing factories. Monthly manufacturing wages in Bangladesh average $74, only higher than the $53 workers receive in Myanmar, according to an Asia survey by the Japan External Trade Organization released in December.

Minimum wage rate in bangladesh is now 68$ .. in pakistan its around 82$ (9k pkr )
i guess average rate in the industry would be higher than the minimum wage rate

good news for pakistani industry. if wages goes up in all countries (india, bangladesh and pakistan), then it could be passed on to the suppliers.
Title: Re: Textile Sector
Post by: GlobalInvestor on November 22, 2013, 05:16:46 PM
Dears MSOT  :biggthumpup: >>>>>> 50's

 :clap1: :clap1: :shoaby: :shoaby: :dance :dance
Title: Re: Textile Sector
Post by: asianstock on November 23, 2013, 11:41:42 PM
We want trade not aid: Shahbaz Sharif

http://www.brecorder.com/pakistan/politics-a-policy/145630-we-want-trade-not-aid-shahbaz-sharif.html
Title: Re: Textile Sector
Post by: asianstock on November 23, 2013, 11:47:14 PM
Romania assures Pakistan of help in attaining GSP+

http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/23-Nov-2013/romania-assures-pakistan-of-help-in-attaining-gsp

Govt trying to get GSP+ at any cost
Title: Re: Textile Sector
Post by: asianstock on November 24, 2013, 12:22:16 PM
'EU market access may create one million jobs annually'

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1257343:eu-market-access-may-create-one-million-jobs-annually/?date=2013-11-23
Title: Re: Textile Sector
Post by: asianstock on November 24, 2013, 12:27:25 PM
Czech ministers pledge support for Pakistan’s GSP Plus

http://www.dailytimes.com.pk/default.asp?page=2013\11\24\story_24-11-2013_pg5_3
Title: Re: Textile Sector
Post by: asianstock on November 24, 2013, 03:06:42 PM
Laoooooooooooooooooooooooooo News cap o cap

GSP Plus status to energize Pak’s Economy‚ says EU Deputy Ambassador

http://radio.gov.pk/newsdetail-58207
Title: Re: Textile Sector
Post by: PK on November 24, 2013, 05:20:27 PM
Laoooooooooooooooooooooooooo News cap o cap

GSP Plus status to energize Pak’s Economy‚ says EU Deputy Ambassador

http://radio.gov.pk/newsdetail-58207
News will flow textile's will rise   :clap1:  :good
Title: Re: Textile Sector
Post by: GlobalInvestor on November 24, 2013, 05:29:08 PM
Dears MSOT  :biggthumpup: >>>>>> 50's

 :clap1: :clap1: :shoaby: :shoaby: :dance :dance
Title: Re: Textile Sector
Post by: SBM on November 25, 2013, 02:07:02 AM
http://dawn.com/news/967202/naphtha-based-power-generation

why no one uses naptha ? and all cry
Title: Re: Textile Sector
Post by: asim.786 on November 25, 2013, 02:13:49 AM
http://www.express.pk/story/200178/
Another good news for textile industries
Title: Re: Textile Sector
Post by: aliraza on November 25, 2013, 08:44:38 AM


http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1102024899&Issue=NP_LHE&Date=20131125
Title: Re: Textile Sector
Post by: twahidi on November 25, 2013, 11:34:40 PM
When are we expecting formal GSP Plus announcement? Any idea please?
Title: Re: Textile Sector
Post by: asim.786 on November 25, 2013, 11:52:20 PM
When are we expecting formal GSP Plus announcement? Any idea please?
I think voting for GSP will be held at 12-13 December same day decision will be done
Title: Re: Textile Sector
Post by: Valueestimator on November 26, 2013, 07:35:22 AM
Textile shares are following each other.

MSOT is approching fastly its fair value.

In addition, GADT, FASM, BTL, BHAT, NML, BCML are progressing towrards fair valuation.

the laggards include reliance weaving, ncl, maqbool, etc. These will soon follow the leaders.
Title: Re: Textile Sector
Post by: GlobalInvestor on November 26, 2013, 10:18:29 AM
MSOT 50 Today In Sha Allah

NML 135 in 4-5 Weeks In Sha Allah

((((Since this situation is Pre-GSP Plus thus after its Approval from JAN these Scrips NML & MSOT would further Go Up))))

Good Luck
Title: Re: Textile Sector
Post by: asim.786 on November 27, 2013, 12:10:50 AM
December ma textioe Kong Two days gas milay get in a week
Title: Re: Textile Sector
Post by: asim.786 on November 27, 2013, 12:16:31 AM
Good time for entry in textile sector
GOOD PICKS AND HAS GOOD ROOM TO INCREASE FURTHER
KTML  GATM NAGINA REWM ANL DSIL NCL NML
Title: Re: Textile Sector
Post by: hammad01 on November 27, 2013, 12:26:35 AM
Good time for entry in textile sector
GOOD PICKS AND HAS GOOD ROOM TO INCREASE FURTHER
KTML  GATM NAGINA REWM ANL DSIL NCL NML

I would add ELSM, FASM, BTL in this list also
Title: Re: Textile Sector
Post by: SBM on November 27, 2013, 12:38:05 AM
Good time for entry in textile sector
GOOD PICKS AND HAS GOOD ROOM TO INCREASE FURTHER
KTML  GATM NAGINA REWM ANL DSIL NCL NML

I would add ELSM, FASM, BTL in this list also

jksm sfl
Title: Re: Textile Sector
Post by: asim.786 on November 27, 2013, 01:36:50 AM
http://www.express.pk/story/200902/
Title: Re: Textile Sector
Post by: Salammembers on November 27, 2013, 09:46:38 AM
GATM B recieved
Title: Re: Textile Sector
Post by: GlobalInvestor on November 27, 2013, 10:24:26 AM
MSOT 50 Today In Sha Allah

NML 135 in 4-5 Weeks In Sha Allah

((((Since this situation is Pre-GSP Plus thus after its Approval from JAN these Scrips NML & MSOT would further Go Up))))

Good Luck

Good Luck to LUCKY Holders of MSOT & NML  :shoaby: :shoaby:
Title: Re: Textile Sector
Post by: Dehan on November 27, 2013, 12:37:27 PM
MSOT 50 Today In Sha Allah

NML 135 in 4-5 Weeks In Sha Allah

((((Since this situation is Pre-GSP Plus thus after its Approval from JAN these Scrips NML & MSOT would further Go Up))))

Good Luck

I think k its report of FS. Bhai in chakron mein mat paro. Bas apnein net cash balance pa tawajo rakho jis ko bold show kia gia hay.


Good Luck to LUCKY Holders of MSOT & NML  :shoaby: :shoaby:
Title: Re: Textile Sector
Post by: asim.786 on November 28, 2013, 01:26:59 AM
Gas shortage: Textile millers seek innovative solution

By Our CorrespondentPublished: November 28, 2013Share this articlePrint this pageEmailSui Northern Gas Pipelines Limited (SNGPL) is set to halt gas supply to textile mills under its winter load management plan. PHOTO: FILELAHORE: All Pakistan Textile Mills Association (Aptma) Punjab Chairman S M Tanveer has asked the government to bring an innovative solution than stopping gas supply to textile mills from next month.Speaking at a press conference on Wednesday, Tanveer said the industry would refrain from holding strikes and rather prefer to negotiate with the government to come up with innovative proposals to solve the energy crisis.He said the government should avoid any radical measures like completely disconnecting gas supply to the industry and instead manage it through an hourly-based system.Currently, gas supply to textile mills in Punjab has dropped to 2.33 days a week, translating into only 56 hours in a week with electricity supply for four to six hours a day.Sui Northern Gas Pipelines Limited (SNGPL) is set to halt gas supply to textile mills under its winter load management plan. Current demand for the SNGPL network is around 3,500 million cubic feet per day (mmcfd) against availability of 1,450 mmcfd.Tanveer said the industry was likely to lose exports worth $1.2 billion per month. Reports suggest that gas supply to textile mills will remain suspended for two to three months, which means that the industry will lose around $3 billion.He said the textile industry in Punjab, which was running only one shift, was bearing a loss of Rs72 billion due to gas shortage for around 114 days per annum.Tanveer expressed fear that cotton prices could crash in case of suspension of gas supply to the mills.Published in The Express Tribune, November 28th, 2013.
Title: Re: Textile Sector
Post by: asim.786 on November 28, 2013, 01:35:11 AM
Gas shortage: Textile millers seek innovative solution

By Our CorrespondentPublished: November 28, 2013Share this articlePrint this pageEmailSui Northern Gas Pipelines Limited (SNGPL) is set to halt gas supply to textile mills under its winter load management plan. PHOTO: FILELAHORE: All Pakistan Textile Mills Association (Aptma) Punjab Chairman S M Tanveer has asked the government to bring an innovative solution than stopping gas supply to textile mills from next month.Speaking at a press conference on Wednesday, Tanveer said the industry would refrain from holding strikes and rather prefer to negotiate with the government to come up with innovative proposals to solve the energy crisis.He said the government should avoid any radical measures like completely disconnecting gas supply to the industry and instead manage it through an hourly-based system.Currently, gas supply to textile mills in Punjab has dropped to 2.33 days a week, translating into only 56 hours in a week with electricity supply for four to six hours a day.Sui Northern Gas Pipelines Limited (SNGPL) is set to halt gas supply to textile mills under its winter load management plan. Current demand for the SNGPL network is around 3,500 million cubic feet per day (mmcfd) against availability of 1,450 mmcfd.Tanveer said the industry was likely to lose exports worth $1.2 billion per month. Reports suggest that gas supply to textile mills will remain suspended for two to three months, which means that the industry will lose around $3 billion.He said the textile industry in Punjab, which was running only one shift, was bearing a loss of Rs72 billion due to gas shortage for around 114 days per annum.Tanveer expressed fear that cotton prices could crash in case of suspension of gas supply to the mills.Published in The Express Tribune, November 28th, 2013.
http://tribune.com.pk/story/638058/winter-is-coming-govt-to-suspend-gas-supply-to-all-sectors-for-two-months/
Title: Re: Textile Sector
Post by: aliraza on November 28, 2013, 08:03:24 AM
Gas shortage: Textile millers seek innovative solution

By Our CorrespondentPublished: November 28, 2013Share this articlePrint this pageEmailSui Northern Gas Pipelines Limited (SNGPL) is set to halt gas supply to textile mills under its winter load management plan. PHOTO: FILELAHORE: All Pakistan Textile Mills Association (Aptma) Punjab Chairman S M Tanveer has asked the government to bring an innovative solution than stopping gas supply to textile mills from next month.Speaking at a press conference on Wednesday, Tanveer said the industry would refrain from holding strikes and rather prefer to negotiate with the government to come up with innovative proposals to solve the energy crisis.He said the government should avoid any radical measures like completely disconnecting gas supply to the industry and instead manage it through an hourly-based system.Currently, gas supply to textile mills in Punjab has dropped to 2.33 days a week, translating into only 56 hours in a week with electricity supply for four to six hours a day.Sui Northern Gas Pipelines Limited (SNGPL) is set to halt gas supply to textile mills under its winter load management plan. Current demand for the SNGPL network is around 3,500 million cubic feet per day (mmcfd) against availability of 1,450 mmcfd.Tanveer said the industry was likely to lose exports worth $1.2 billion per month. Reports suggest that gas supply to textile mills will remain suspended for two to three months, which means that the industry will lose around $3 billion.He said the textile industry in Punjab, which was running only one shift, was bearing a loss of Rs72 billion due to gas shortage for around 114 days per annum.Tanveer expressed fear that cotton prices could crash in case of suspension of gas supply to the mills.Published in The Express Tribune, November 28th, 2013.
http://tribune.com.pk/story/638058/winter-is-coming-govt-to-suspend-gas-supply-to-all-sectors-for-two-months/
http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1102027811&Issue=NP_LHE&Date=20131128
http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1102027822&Issue=NP_LHE&Date=20131128
Title: Re: Textile Sector
Post by: GlobalInvestor on November 28, 2013, 02:49:20 PM
MSOT 50 Today In Sha Allah

NML 135 in 4-5 Weeks In Sha Allah

((((Since this situation is Pre-GSP Plus thus after its Approval from JAN these Scrips NML & MSOT would further Go Up))))

Good Luck

MSOT & NML >>>>>>>>>>>>  :shoaby: :shoaby: :clap1: :dance :biggthumpup:

I think k its report of FS. Bhai in chakron mein mat paro. Bas apnein net cash balance pa tawajo rakho jis ko bold show kia gia hay.


Good Luck to LUCKY Holders of MSOT & NML  :shoaby: :shoaby:
Title: Re: Textile Sector
Post by: asim.786 on November 28, 2013, 02:59:50 PM
Good time for entry in textile sector
GOOD PICKS AND HAS GOOD ROOM TO INCREASE FURTHER
KTML  GATM NAGINA REWM ANL DSIL NCL NML
thats what i said  :fingerscrossed1:
Title: Re: Textile Sector
Post by: Valueestimator on November 28, 2013, 08:10:41 PM
Good time for entry in textile sector
GOOD PICKS AND HAS GOOD ROOM TO INCREASE FURTHER
KTML  GATM NAGINA REWM ANL DSIL NCL NML
thats what i said  :fingerscrossed1:

the sector was extremely under valued and is extremley undervalued, with gsp or without gsp.

its a murder of pricing if a share trade at pe of 1 or 2 at at 20% of its book value.

you cannot imagine how much % return the shares are offering, all shares have potential of giving return in 3 digit and some in 4 digit. its always a life time opportunity to benifit when a sector is rerated.

less than 2 years ago, fccl was 2 rupees. but when sector was rerated it went to 17+
Title: Re: Textile Sector
Post by: SBM on November 28, 2013, 09:05:29 PM
lets hope it continues over next 12 months  :biggthumpup:
Title: Re: Textile Sector
Post by: SBM on November 29, 2013, 07:13:10 PM
Cotton falls over two percent as China prepares to sell stockpile
November 29, 2013
RECORDER REPORT

ICE cotton fell more than 2 percent on Wednesday on light volume after much-anticipated news that China will start selling its massive stockpile and on profit-taking ahead of the US Thanksgiving holiday on Thursday.

Details of the government auction, which will start on Thursday, were largely in line with expectations and reinforced concerns about the impact of the release of older material on Chinese mills' appetite for foreign fibre. China is home to the world's biggest textile industry.

"I can't imagine this is anything other than negative," said one US broker after digesting the news. "The market's on the defensive."

The most-active March cotton contract on ICE Futures US dropped to an intraday low of 77.44 cents a lb before settling down 0.9 percent at 78.44 cents.

Investors also booked profits as fears about damage to crops subsided. Prices had hit a three-week high on Tuesday as a storm blew into US key growing regions.

Trading volumes were lighter than average ahead of US Thanksgiving.

Trading of cotton futures on ICE will be closed on Thursday, and resume with a delayed opening on Friday at 8 am (1300 GMT) and an early close at 1 pm.

Traders continued to digest the information contained in Beijing's short statement. China will run the auctions of some of its 10 million-tonne stockpile, accounting for half of global stocks, until August 31 next year.

The China National Cotton Exchange confirmed a widely expected floor price of 18,000 yuan ($3,000) per tonne for standard grade fibre from the 2011 crop, about 70 percent above the December cotton contract.

That will struggle to compete with lower-priced imports from India. Chinese buyers importing Indian cotton currently pay around 17,700 yuan per tonne, including a 40 percent tariff, just under the reserve price, traders said.
Title: Re: Textile Sector
Post by: asim.786 on November 29, 2013, 09:41:10 PM
Good time for entry in textile sector
GOOD PICKS AND HAS GOOD ROOM TO INCREASE FURTHER
KTML  GATM NAGINA REWM ANL DSIL NCL NML
thats what i said  :fingerscrossed1:

the sector was extremely under valued and is extremley undervalued, with gsp or without gsp.
 :clap1:
its a murder of pricing if a share trade at pe of 1 or 2 at at 20% of its book value.

you cannot imagine how much % return the shares are offering, all shares have potential of giving return in 3 digit and some in 4 digit. its always a life time opportunity to benifit when a sector is rerated.

less than 2 years ago, fccl was 2 rupees. but when sector was rerated it went to 17+
REWM GATM KTML done well today ANL little movements  :shoaby:
Title: Re: Textile Sector
Post by: asim.786 on December 01, 2013, 02:06:50 AM
http://www.dailytimes.com.pk/default.asp?page=2013\12\01\story_1-12-2013_pg5_5
Title: Re: Textile Sector
Post by: asim.786 on December 02, 2013, 02:37:45 AM
http://urdu.aaj.tv/4_business
Title: Re: Textile Sector
Post by: SBM on December 02, 2013, 02:51:15 PM
stick to mills with mills with weaving operations as well

fasm btl rewm surc bhat nml sapt sfl
Title: Re: Textile Sector
Post by: engrusama on December 02, 2013, 06:04:34 PM
stick to mills with mills with weaving operations as well

fasm btl rewm surc bhat nml sapt sfl


Artistic Denim
Bannu Woollen
Ellcot Sp.
Gadoon Textile
Grays of Camb.
Nishat Mills
Olympia Textile
Sally Tex.
Kohinoor Textile
Pakistan Synthetic
Sana Industries
Indus Dying

Which ones from these... m already loaded on Nml
Title: Re: Textile Sector
Post by: pieyomie on December 03, 2013, 12:07:41 PM
Grays of Camb isn't textile.

Hockey and football are the major exports!
Title: Re: Textile Sector
Post by: Muhammad Fahad on December 04, 2013, 10:19:00 AM
Clouds hover over GSP plus status prospects
http://www.brecorder.com/top-stories/0:/1260801:clouds-hover-over-gsp-plus-status-prospects/?date=2013-12-04
Title: Re: Textile Sector
Post by: SBM on December 04, 2013, 11:54:56 AM
Clouds hover over GSP plus status prospects
http://www.brecorder.com/top-stories/0:/1260801:clouds-hover-over-gsp-plus-status-prospects/?date=2013-12-04

 :down:
Title: Re: Textile Sector
Post by: Pansota on December 04, 2013, 11:57:44 AM
Clouds hover over GSP plus status prospects
http://www.brecorder.com/top-stories/0:/1260801:clouds-hover-over-gsp-plus-status-prospects/?date=2013-12-04

 :down:

janta se maal nikalwane kay liye to aesi news nai lagwai ja rahi..?  :skeptic:  :down:
Title: Re: Textile Sector
Post by: SBM on December 04, 2013, 12:04:20 PM
Clouds hover over GSP plus status prospects
http://www.brecorder.com/top-stories/0:/1260801:clouds-hover-over-gsp-plus-status-prospects/?date=2013-12-04

 :down:

janta se maal nikalwane kay liye to aesi news nai lagwai ja rahi..?  :skeptic:  :down:

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1260864:ministry-withdraws-summary-of-suspending-gas-to-textile-mills/?date=2013-12-04

industry would prefer gas availability over gsp + any time lol
Title: Re: Textile Sector
Post by: asianstock on December 04, 2013, 02:20:51 PM
http://www.brecorder.com/cotton-a-textiles/185/1260864/

Laooooooooooooooooooooooooooo Maaaaaaaaaaaaaaaaaaaaaal
Title: Re: Textile Sector
Post by: MZ on December 04, 2013, 04:57:55 PM
Cotton arrivals to beat target soon


Pakistan Cotton Ginners’ Association (PCGA) has recently released cotton arrival figures upto 30-Nov’13. In today’s Value Seeker we will discuss the YTD cotton arrivals and cotton outlook going forward.

Cotton arrivals scale up by 15.3%YoY in FY14TD

YTD cotton arrivals are just 0.90mn bales behind the revised target of 11.95mn bales set by The Cotton Crop Assessment Committee (CCAC). As per the data released by PCGA on 3dec’13, cotton figures increased by 15.3% to 11.05mn bales as compared to 9.6mn bales during same period last year. The hike primarily ascribed to 15%YoY growth in Punjab arrivals (-12.4% during same period last year) to 7.6mn bales backed by less damage from pests. Punjab share has risen 3.5% to 68.5% in total arrivals on fortnightly basis.  Sindh reflected an arrival growth of 17%YoY to 3.5mn bales as compared to 41%YoY growth during same period last year. On fortnightly basis, cotton arrivals augmented by massive 44%YoY to 1.5mn bales v/s 1.1mn bales last year.

Province-wise study

Punjab’s share in total YTD arrivals settled around 68.5% witnessing a significant 3.5% fortnightly growth. Rahim Yar Khan fetch 15% share (206k bales) in fortnightly flows of Punjab while its YTD contribution remained at 12% (highest amongst all districts of Punjab). However, on percentage basis, district Layya leads with 78%YoY growth to 230k bales.

An analysis of Sindh arrivals reveals that the latter has contributed 31.5% in total arrivals YTD. District Sukkur’s arrivals stood at 44k on fortnightly basis as against 166k total bales from the Sindh during the said period reflecting highest share of 26.5%.  District Sanghar’s YTD share settled around 39% (highest amongst all districts of Sindh) to 1.4mn bales as compare to 3.5mn total bales from Sindh province.

Outlook

Cotton numbers are approaching to the revised target of 11.95mn bales for FY14. We expect the cotton arrivals will cross the target in next fortnightly data release by PCGA. We further anticipate that actual cotton figures for FY14 will also beat our estimated target of 12.2mn bales. GSP Plus status to Pakistan in European Parliament is once again in Jeopardize due to strong opposition of France, Portugaland Poland which can negatively hit cotton exports of the country. Thus the cotton prices are expected to remain depressed on account of higher supply and contingency of GSP Plus status to Pakistan.


InvestCap
Title: Re: Textile Sector
Post by: masoodq on December 04, 2013, 05:30:03 PM


France, Portugal and Poland are amongst the 12 countries who oppose trade concessions

Whats new in this report. these countries are already against GSP + status. There are other 16 countries which are in favour of GSP +









Clouds hover over GSP plus status prospects
http://www.brecorder.com/top-stories/0:/1260801:clouds-hover-over-gsp-plus-status-prospects/?date=2013-12-04

 :down:

janta se maal nikalwane kay liye to aesi news nai lagwai ja rahi..?  :skeptic:  :down:
Title: Re: Textile Sector
Post by: hammad01 on December 04, 2013, 08:42:51 PM
All GSP+ related news that were published today were already known. We knew that there is opposition from the named countries, but we all, houses, and media were in upbeat. Today news and rumors have lead to profit taking in most of the textiles. I am confused what was the purpose of the news and rumors (regarding the upbeat) that were circulating intensely in last two weeks and how that relate with todays episode. Bigb maal nikalwa rha han ya da rhay han. Awam kafi ha textiles ma it can be either way. Comments from all, in particular seniors including SBM, Value bhai are welcomed
Title: Re: Textile Sector
Post by: phaze on December 04, 2013, 11:00:02 PM
This news disappointed the day, it also effected the market.

By our money, Government of Pakistan always appoints outrage, disbelief, dishonest, rascal, rogue, scoundrel person ambassador and staff.

This is the duty of ambassador and embassy consulate to convince the country for business.

Our bureaucratic management destroyed us, any thing happen put the blame on india. We always know india never think good for us. Don't write about india we know. But what our Govt, bureaucracy is doing.

Govt, and bureaucracy can do very easily but they will do for what and for who? when person is not entitle to have designation , when person don't know calculation and we expect beautifull presentation of technical report.

We can not blame on them, we are bad.

Still there is chance to catch gsp plus status.

We can hope on present Government can start hard struggle to have status.

Today news can be positive, if government use his inside resources.

Regards.
Title: Re: Textile Sector
Post by: phaze on December 04, 2013, 11:12:53 PM
100% doubt this news is published by enemy lobby who never want in region we go up.

AKD was giving evidences in the mubasher luckman program that india always try to disturb kse.

this is also possible when ah, js or other want to do some thing they put blame outside the pakistan.

then they say ... you see... we want to make our country

Title: Re: Textile Sector
Post by: Valueestimator on December 05, 2013, 03:55:52 PM
All GSP+ related news that were published today were already known. We knew that there is opposition from the named countries, but we all, houses, and media were in upbeat. Today news and rumors have lead to profit taking in most of the textiles. I am confused what was the purpose of the news and rumors (regarding the upbeat) that were circulating intensely in last two weeks and how that relate with todays episode. Bigb maal nikalwa rha han ya da rhay han. Awam kafi ha textiles ma it can be either way. Comments from all, in particular seniors including SBM, Value bhai are welcomed

The question is how many votes are required in favor, and how many pakistan has.
Title: Re: Textile Sector
Post by: asianstock on December 05, 2013, 04:28:38 PM
All GSP+ related news that were published today were already known. We knew that there is opposition from the named countries, but we all, houses, and media were in upbeat. Today news and rumors have lead to profit taking in most of the textiles. I am confused what was the purpose of the news and rumors (regarding the upbeat) that were circulating intensely in last two weeks and how that relate with todays episode. Bigb maal nikalwa rha han ya da rhay han. Awam kafi ha textiles ma it can be either way. Comments from all, in particular seniors including SBM, Value bhai are welcomed

The question is how many votes are required in favor, and how many pakistan has.

Should we call Khurram Dastagir or Governer Punjab for this question, I think he only tell us how many pakistanhas vote and how many we need. ?

More rumors will be coming, and run KSE   :fingerscrossed1: :fingerscrossed1: :fingerscrossed1:





Title: Re: Textile Sector
Post by: asianstock on December 05, 2013, 04:41:02 PM
http://customstoday.com.pk/textile-ministry-rejects-gas-suspension-plan/
Title: Re: Textile Sector
Post by: MZ on December 06, 2013, 05:34:01 PM
Major Countries’ vote in EU Parliament to secure GSP+ Status


The European Union (EU) Parliamentary will hold its meeting on the 11th of December, 2013, while the deciding vote by the EU Parliament is from the 15th-16th December, 2013, which will be the eventual climax to the GSP+ saga. We remain hopeful that granting of GSP+ status will go in Pakistan’s favor as the parliamentary seat majority of major EU countries should help secure the vote

EU countries opposing GSP+ Status

Currently, 12 countries are opposing the granting of the GSP+ Status to Pakistan, with major countries including France, Portugal, Bulgaria, Poland and Croatia, which has a total EU Parliament seat strength of 23%. The rest of the countries have smaller representation in the EU parliament and do not have the seat strength to tilt the majority against the granting of the GSP+ Status.

EU countries in favor of GSP+ Status

On the other hand, major countries in favor (with their respective ambassadors to Pakistan coming out with statements in support of GSP+ Status to Pakistan) include Germany, UK, Spain, Netherlands and Italy, which have a parliamentary seat strength of 42% with the support of remaining 11 countries in favor. This will be enough to secure a majority vote in favor of GSP+ Status, we believe. For country-wise Parliamentary seat breakup, see table on the left.

Historical background

Pakistan had previously been granted the GSP+ Status in the Musharraf era (Oct’99 – Mar’08) for a period of three years. This time around, if granted, it would be for a period of ten years. With respect to voting to the Status granting, singling out individual countries, Pakistan in this case, for reviewing the case separately, is something the EU Parliament is not expected to agree to in principal, in our view.

Recommendation

On our coverage companies, we currently have a ‘Hold’ recommendation on NML with a TP of ‘130/share’ (upside of 12%) at current levels, while on  NCL, we have a ‘Buy’ recommendation (upside  of 27%) at current levels  with a TP of ‘70/share’.

AHL Research
Title: Re: Textile Sector
Post by: asianstock on December 07, 2013, 12:23:55 AM
GSP brings positive change; no cessation of gas supply

http://www.brecorder.com/fuel-a-energy/193/1261852/

Title: Re: Textile Sector
Post by: maasod on December 08, 2013, 12:10:43 PM
http://www.nation.com.pk/editors-picks/08-Dec-2013/governor-off-to-france-for-final-push
Title: Re: Textile Sector
Post by: hammad01 on December 08, 2013, 01:31:35 PM
does any one have idea of major textile companies in Pakistan, exporting products to Europe? I was unable to find it in search engines.
Was thinking which are the main companies that will show significant increase in numbers after gsp plus status? i think NCL, NML, GATM are the ones. But what about fasm, elsm, btl, prwm, etc?
Title: Re: Textile Sector
Post by: Salammembers on December 08, 2013, 01:42:36 PM
does any one have idea of major textile companies in Pakistan, exporting products to Europe? I was unable to find it in search engines.
Was thinking which are the main companies that will show significant increase in numbers after gsp plus status? i think NCL, NML, GATM are the ones. But what about fasm, elsm, btl, prwm, etc?
  check jksm website
Title: Re: Textile Sector
Post by: Salammembers on December 08, 2013, 03:39:22 PM
urti urti new-GSP decision likely to b delayed,
textile sector thora Cool hoo sakta haay 
Title: Re: Textile Sector
Post by: Irfankhan on December 08, 2013, 09:48:09 PM
LaoooTextile sector. Chinese people not only eyeing Masood. They are looking around their Match and will trigger more investment as i advised in this forum before that Chinese want to use their people in other jobs and will prefer us to do raw textiles from cotton to yarn and / or fabric.
Game is almost over in Masood in couple of days but other textile companies are free if you see Masood Textile rates. :biggthumpup:

 :shoaby:    :clap1: 
 :fingerscrossed1: :good
===============

Chinese firm to buy Masood Textile
         
   
By Dilawar Hussain | 12/8/2013 12:00:00 AM
KARACHI, Dec 7: A Chinese company has conveyed its intention to Masood Textile Mills Limited company listed on the KSE`s textile sector to acquire 31.2 million shares, which approximate to 52 per cent of the 60 million issued and paid-up shares of Masood Textile Mills (the target company).

The proposed acquirer Shandong Ruyi Technology Group Co. Ltd, based in mainland China, is said to be an international enterprise group which holds $375m in total assets; specialises in textile and cotton made-ups and employs 20,000 people.

The announcement of intention under the relevant regulation of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2008 was received by the company and the KSE from AKD Securities Limited, acting as `Manager to the offer` on behalf of the buyer.

Shandong Ruyi, the Chinese buyer, intends to acquire controlling shares of the target company through agreement/public offer.

`The total number of shares to be acquired may be subject to a change in the light of the public offer process to be complied by the Acquirer as per the provisions of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance, 2002 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2008`, the acting manager said in a notice to the investors.

Though thinly traded, Masood Textile Mills is among the profitable companies among the listed textile corporates. The company paid dividends to shareholders at a uniform rate of15.5pc for each of the last three years 2011-13.

During 2013-to-date 6 million shares of Masood Textile have come up for trading at the stock market.

The price of the stock has seen the low at Rs23.95 during 2013.

Although the notices released to the stock exchange on Thursday and Friday, contained few other details, it avoided to mention the price of acquisition per share. Yet at Sept 30, the book value of the company stock of the par value of Rs10 worked out at Rs62.26 and the company was comfortable with the cash flow with current ratio at 1.23.

For the period ended Sept 30, the company`s produced earning per share (eps) was of Rs4.41 and diluted eps at Rs3.50.

The price trend in Masood Textile for the last eight trading sessions has raised eyebrows.

Although notices were released at the Exchange on Thursday and Friday (Dec 5,6), the market price of the share had started to hit the `upper circuit`, showing maximum allowable gain of 5pc over the previous day`s closing price, for six sessions in a row since Nov 27.

The Masood Textile stock price on Nov 27 stood at Rs48, which climbed to Rs140.81, but after getting to be ex-dividend, stood at Rs55.49 on Dec 2.

Four trading sessions since have seen the Masood Textile hit the `upper circuit` each day, to close on Friday at Rs70.80.

The galloping stock price appears to show that some people may know what others do not. It could be pure `speculation` but that too could have been done by people in the prior knowledge of intention of acquisition and possible price at which the majority shares are set to change hands
Title: Re: Textile Sector
Post by: SBM on December 08, 2013, 10:08:19 PM
does any one have idea of major textile companies in Pakistan, exporting products to Europe? I was unable to find it in search engines.
Was thinking which are the main companies that will show significant increase in numbers after gsp plus status? i think NCL, NML, GATM are the ones. But what about fasm, elsm, btl, prwm, etc?

admm and anl also export to europe
Title: Re: Textile Sector
Post by: GlobalInvestor on December 09, 2013, 10:20:05 AM
Dear Friends, WE see ANL being accumulated by all (((( those running the market ))))) therefore pushing it towards doublke digit is CLEARLY seen, Good Luck  :fingerscrossed1: :good
Title: Re: Textile Sector
Post by: MZ on December 09, 2013, 01:35:13 PM
 
Short Report
 
A Primer on GSP+
Pakistan is expected to receive the much awaited GSP+ status from 1st January 2014. The EU Parliament’s International Trade Committee had voted 17-12-1 in favor of Pakistan being granted the GSP+ status on 5th November 2013. The application has moved on to the last stage, where the EU Parliament itself will vote on it on 15th and 16th December 2013. The GSP was formed to make it easier for developing countries to export products to the EU. Countries need to ratify and implement certain conventions in order to be granted the  GSP+ status, and  failure to do so would result in withdrawal of the GSP+ status. Pakistan currently enjoys GSP and has applied for the GSP+ status. According to market sources GSP+ can potentially double Pakistani textile exports to the EU in the next 5-6 years. PKR depreciation would be an added advantage in this scenario.
The Generalized Scheme of Preferences
The aim of the GSP is to make it easier for developing countries to export their products to the EU. The new GSP will be applicable from 1st January 2014. Currently, Pakistan is enjoying Autonomous Trade Preferences (ATPs) granted in lieu of the 2010 floods.
The three categories
EU has classified these preferences into further sub-categories: a) The Standard GSP which has tariff reductions for 66% of all product lines to the EU. India and Pakistan both currently have the GSP status. b) GSP+ which entails duty-free exports of virtually the same product lines as the Standard GSP. Entry into the GSP+ requires certain criterion to be met by the country’s exports to the EU. Pakistan recently became eligible for the GSP+ status and its application is still under consideration. c) The EBA (Everything-But-Arms) status is generally granted to least developed countries (LDCs); which entails duty-free exports of all products, except arms and ammunition, to the EU. Bangladesh currently enjoys the EBA status amongst the other regional countries.
Value added textile segment to be the major beneficiary of GSP+
We expect the value-added textile sector to be the major beneficiary of the GSP+ status. Companies who derive a major portion of their earnings from value-added textile exports are expected to benefit the most from this situation.
PKR depreciation shall be an added advantage
The growth in volumetric exports would further be boosted by PKR depreciation. PKR has already depreciated by 9% during FY14 and this trend is likely to continue owing to falling FX reserves.
Energy crisis would present a challenge to the industry
The energy crisis remains a major hurdle in deriving maximum benefit from the GSP+ status. The shortage of gas would force textile manufacturers to use Furnace Oil for power production, which is 2.6x as expensive as natural gas. Moreover, industrial power tariffs were increased by 50%-60% in September 2013, and this would further aggravate the plight of textile manufacturers.

elixir
Title: Re: Textile Sector
Post by: 007 on December 10, 2013, 02:27:01 PM
ISLAMABAD (Online): The European Union (EU) has informed the government of Pakistan that it is essential for it to eliminate the capital punishment from country in regard to qualify for GSP plus status. As per documents received to Online, EU is the biggest supporter for elimination of death penalty from the world and considers it severe violation of individual’s right to live.

Sources said, because of this restriction the capital punishment is suspend in Pakistan, while EU had expressed severe concerns over the death penalty given to a prisoner in Mianwali Jail last year.

As per documents, implementation on this death sentence could put the case of Pakistan in danger in regard to become the member of GSP plus scheme.

WTF
Title: Re: Textile Sector
Post by: 007 on December 10, 2013, 02:29:12 PM
Day Wrap  Monday - Dec 09, 2013 | 16:50:55
KSE 100 +0.51% with a traded value of US$ 66.61mn. High expectations on various accounts keep the momentum intact. In this regard, key sectors likely to share limelight include OMCs, Refineries, Pharmaceuticals, Fertilizers, Textiles and Autos. Considering there is space before the next round of quarterly results, regulatory as well as corporate developments are likely to be key drivers for near term market performance. Textiles remained in the lime light as expectations to getting GSP Plus status remain high. EU is scheduled to vote for countries attaining GSP Plus concessions between Dec15-16.
 
Title: Re: Textile Sector
Post by: 007 on December 10, 2013, 02:37:07 PM
The European parliamentary meeting is scheduled to be held tomorrow, with voting expected on 15 & 16th December. While the initial proposal to block this status was voted 17-12 in favor of Pakistan, the final voting remains decisive.

Tauraus
Title: Re: Textile Sector
Post by: aliraza on December 10, 2013, 06:02:22 PM
The European parliamentary meeting is scheduled to be held tomorrow, with voting expected on 15 & 16th December. While the initial proposal to block this status was voted 17-12 in favor of Pakistan, the final voting remains decisive.

Tauraus

http://www.thenews.com.pk/Todays-News-2-219343-India-out-to-scuttle-GSP-plus-facility-for-Pakistan
Title: Re: Textile Sector
Post by: sAr on December 10, 2013, 11:43:51 PM
ISLAMABAD (Online): The European Union (EU) has informed the government of Pakistan that it is essential for it to eliminate the capital punishment from country in regard to qualify for GSP plus status. As per documents received to Online, EU is the biggest supporter for elimination of death penalty from the world and considers it severe violation of individual’s right to live.

Sources said, because of this restriction the capital punishment is suspend in Pakistan, while EU had expressed severe concerns over the death penalty given to a prisoner in Mianwali Jail last year.

As per documents, implementation on this death sentence could put the case of Pakistan in danger in regard to become the member of GSP plus scheme.

WTF


.... Exploiting the "Social Fabric" in the name of Buying "the Fabric"

Losers, couldnt pressurize us in some better way
Title: Re: Textile Sector
Post by: asianstock on December 10, 2013, 11:46:36 PM
http://customstoday.com.pk/aptma-aims-to-achieve-40b-textile-export-target/
Title: Re: Textile Sector
Post by: asim.786 on December 11, 2013, 02:04:51 AM
@GovernorSarwar: In pursuit of GSP+ for Pak, met with @NSinclaireMEP & Sogor Csaba MEP who both pledged support for #GSP + for Pakistan. Twiter statement today evening by governor Punjab
His body language is looking positive and optimistic
Title: Re: Textile Sector
Post by: asianstock on December 11, 2013, 08:50:04 AM
http://www.brecorder.com/top-stories/0/1263031/

Laooooooooooooooooooooooooooooo GSP GSP GSP+
Title: Re: Textile Sector
Post by: asianstock on December 11, 2013, 08:50:28 AM
http://www.brecorder.com/top-stories/0/1263031/

Laooooooooooooooooooooooooooooo GSP GSP GSP+


http://www.dawn.com/news/1061867/governor-seeks-support-for-gsp-plus-status
Title: Re: Textile Sector
Post by: MZ on December 11, 2013, 04:43:49 PM
Cotton prices remain ~10% higher compared to the same period last year


USDA released its monthly report on cotton yesterday. In this regard, the report largely confirmed market expectations of a reduction in production estimates over the last month where USDA cut its global production forecast for MY13/14 (MY: Marketing Year starting Aug’1) by 0.38mn bales from last month’s forecast to 116.83mn bales. On the demand side, global consumption forecasts remained flattish at 109.68mn bales for MY13/14 as compared to last month’s forecasts. Trade forecasts were revised downwards by 0.45mn bales on tighter supplies. This resulted in global ending inventory forecast of 96.41mn bales for MY13/14. While local cotton prices have come off by a significant 11% since the start of Oct’13 to clock in at PkR6,912/maund (Maund = 40kg) as cotton arrivals increased in the markets, cotton prices remain ~10% higher as compared to the same period last year. Within the domestic textile space, we retain our preference for NML (TP: PkR127/share) and NCL (TP: PkR67.55/share).

USDA report key takeaways: USDA released its monthly report on cotton yesterday. In this regard, the report largely confirmed market expectations of a reduction in production estimates over last month where USDA cut its global production forecast for MY13/14 (MY: Marketing Year starting Aug’1) by 0.38mn bales from last month’s forecast to 116.83mn bales. Specifically, China’s production estimates were reduced by 0.50mn bales while Pakistan’s production estimates were increased by 0.3mn bales based on better than expected yield resulting in revised production forecasts of 32mn bales and 10mn bales, respectively. On the demand side, global consumption forecasts remained flattish at 109.68mn bales for MY13/14 as compared to the previous month’s forecasts. Trade forecasts were revised downwards by 0.45mn bales on tighter supplies. This resulted in global ending inventory forecast of 96.41mn bales for MY13/14 a downward revision of 0.69mn bales where China’s ending inventory is forecasted at 57.31mn bales, 59% of global ending inventory.

Local Prices: While local cotton prices have come off by a significant 11% since the start of Oct’13 to clock in at PkR6,912/maund (Maund = 40kg) as cotton arrivals increased in the markets, cotton prices remain ~10% higher as compared to the same period last year. Prices remain firm as compared to last year despite expectation of a larger crop this year due to higher expected demand for the commodity and depreciation of the PkR against the greenback. In this regard, local cotton is currently trading at a discount of 16% to Cotlook A Index. Higher cotton prices are likely to result in a decline in spinning margins going forward. Within our textile universe, we retain a preference for NCL and NML which offer upsides of 26% and 9% to our respective target prices of PkR67.55/share and PkR127.00/share.

AKD
Title: Re: Textile Sector
Post by: asim.786 on December 11, 2013, 08:33:10 PM
Textile sector overbought honay k bawjood kafi game ha is ma it must behave like cement last year
Why? Because
1-US announced cotton figure 10%lower than last year so textile ma international level pa kafi game ho sakty ha China is out almost from textile
2 Pakistan cotton is expecting good corp last year
3- doller hike is another benefit
Oper say agar aajai GSP + TO
Sometextile have direct impact due to Europe market but I think other textile will get indirect positive impact 
So game full on ha 
Title: Re: Textile Sector
Post by: aliraza on December 11, 2013, 08:40:36 PM
Textile sector overbought honay k bawjood kafi game ha is ma it must behave like cement last year
Why? Because
1-US announced cotton figure 10%lower than last year so textile ma international level pa kafi game ho sakty ha China is out almost from textile
2 Pakistan cotton is expecting good corp last year
3- doller hike is another benefit
Oper say agar aajai GSP + TO
Sometextile have direct impact due to Europe market but I think other textile will get indirect positive impact 
So game full on ha

textile item ko islevel pa sell kar doo fillwaqt to acha haaa dip ma buy karna
Title: Re: Textile Sector
Post by: asim.786 on December 11, 2013, 11:38:12 PM
 Hopes rise that Pakistan will win the GSP+ Status tomorrow in the European Parliament after EPP decides to support Pakistan, has 275 members

Textile fullon ha  :thumbsup_anim:
Title: Re: Textile Sector
Post by: 007 on December 11, 2013, 11:40:18 PM
 :clap1:
Title: Re: Textile Sector
Post by: maasod on December 12, 2013, 12:52:12 AM
twitter :Mohammad Sarwar ?@GovernorSarwar 1h
EPP(275 mem) Socialist n Democrat(195m) Lib Dem(85)Eur Cons n Reformist(56mem)-ALL agreed support 4 #GSP+ 4 Pak-Historic victory ahead of us
Title: Re: Textile Sector
Post by: asianstock on December 12, 2013, 02:00:59 AM
http://tribune.com.pk/story/644230/textile-ministry-steps-in-opposes-gas-outages/
Title: Re: Textile Sector
Post by: aliraza on December 12, 2013, 08:52:15 AM


new drama start hone wala hhaa
Title: Re: Textile Sector
Post by: Hamid Mamraiz on December 12, 2013, 09:18:47 AM
twitter :Mohammad Sarwar ?@GovernorSarwar 1h
EPP(275 mem) Socialist n Democrat(195m) Lib Dem(85)Eur Cons n Reformist(56mem)-ALL agreed support 4 #GSP+ 4 Pak-Historic victory ahead of us
:clap1:
Title: Re: Textile Sector
Post by: stock addicted on December 12, 2013, 09:31:49 AM
Textile Companies                         
Gul Ahmed Textile Mills (GATM):  28% (EU Exports)
Gadoon Textile (GADT): 47% (Total Exports)
Kohinoor Mills Ltd (KTML): 15% (EU Exports)
Reliance Weaving Mills Ltd (REWM): 7% (EU Exports)
Azgard Nine Limited (ANL): 85% (Total Exports)
Faisal Spinning Mills (FASM): 87% (Total Exports)
Saif Textile (SAIF): 19.5% (Total Exports)
Title: Re: Textile Sector
Post by: Dehan on December 12, 2013, 09:57:38 AM


new drama start hone wala hhaa

Aur drama k phelay hi act mein NML nein apna 1st Target 120 poora kar dia.
Title: Re: Textile Sector
Post by: GlobalInvestor on December 12, 2013, 10:22:12 AM
Keep watching Azgard Nine Limited (ANL): 85% (Total Exports)  :fingerscrossed1: :good
Title: Re: Textile Sector
Post by: SBM on December 12, 2013, 11:17:53 AM
Keep watching Azgard Nine Limited (ANL): 85% (Total Exports)  :fingerscrossed1: :good

ticker   % of sales exported 
tatm    95.38%
nagc    94.56%
sfl       87.47%
fasm   87.45%

 ;)





Title: Re: Textile Sector
Post by: MZ on December 12, 2013, 11:27:57 AM
EU Parliament Q&A session on GSP Plus

Yesterday, EU parliament had a Q&A session over the monitoring mechanism of GSP Plus which is expected to be approved by the said parliament on Dec 15-16, 2013 to a group of countries (Including Pakistan).

In yesterday’s session, monitoring of GSP plus countries with respect to labor rights, human rights, environmental protection and good governance were discussed by the members. One of the MEPs (Member of European Parliament) stressed the use of range of sources (civil society, social partners and EU parliament) of information as part of monitoring process.

However, a German MEP opposed the idea to club all the countries in one group. While Irish MEP second the German member by claiming that clubbing the nations would be undemocratic. Out of total 766 MEPs, 99 members (12.9%) are from Germany.

Two British MEPs agrees over supporting the commission’s proposals of allowing package of countries (Including Pakistan) GSP Plus.

As per media reports in last few days, France (9.7%), Portugal (2.9%), Bulgaria (2.3%) and Poland (6.7%) are against clubbing countries into a single package and are of the view to deal each country independently. This idea is largely perceive as anti-Pakistan movement on GSP Plus status and could cause further delay on the approval. Countries favoring Pakistan are UK (9.5%), Germany (12.9%), Italy (9.5%), Netherland (3.4%) and Spain (7.0%) are favoring the idea to include Pakistan in the package.

topline
Title: Re: Textile Sector
Post by: masoodq on December 12, 2013, 04:59:39 PM
GSP plus given to Pakistan

Lao Textile lao nml ncl ........
Title: Re: Textile Sector
Post by: masoodq on December 12, 2013, 05:00:50 PM
Sajjad H Karim MEP?@SHKMEP12m
Pakistan will receive #GSP+ status from Jan 2014 as majority of MEPs defeat a resolution in #EP.
Title: Re: Textile Sector
Post by: PK on December 12, 2013, 05:07:01 PM
 :shoaby: :thumbsup_anim: :good :clap1: :dance
Laoooooooooooooooo maaaaaaaaaaaaaaaaaaaaaaaaaaaaaal
Title: Re: Textile Sector
Post by: MZ on December 12, 2013, 06:50:14 PM
EU grants GSP Plus status to Pakistan

 Media reports suggest that EU Parliament has granted GSP (Generalized Preference Scheme) Plus status to Pakistan for a period of 4 years (till 2017).


 Under the scheme, Pakistan can export most of its textile products to 27 EU nations at concessionary duty rates or absolutely duty free, making Pakistani products cheaper for European importers.


 406 members of European Parliament voted in the favor of Pakistan, whereas 182 opposed this decision.


 As per our industry sources, tariff lines covered under GSP plus are almost 6000 which is 91% of total tariff lines. It is expected that Pakistan will be allowed to get benefit on almost 2500 tariff lines out of which around 900 belong to the textile sector. However, we are waiting for the detailed official documents for further clarity.


 Previously, under GSP Plus status many different products like surgical instruments, sports goods, ethanol, PET, plastics and textile products were being exported to EU. However, in Pakistan’s case, major charm lies in textile sector.

topline
Title: Re: Textile Sector
Post by: asim.786 on December 12, 2013, 07:43:58 PM
Industry gas will contineue decided in meeting with FM idar
Lao double tezi textile full on ha   :thumbsup_anim: :biggthumpup: :dance
Title: Re: Textile Sector
Post by: Dehan on December 12, 2013, 08:04:33 PM
Industry gas will contineue decided in meeting with FM idar
Lao double tezi textile full on ha   :thumbsup_anim: :biggthumpup: :dance

yes double maza, aik k sath aik free wali khabar.
Title: Re: Textile Sector
Post by: invincible on December 12, 2013, 10:17:42 PM
My trader has bought Chenab ltd (pref) today for gola by using his discretionary power granted by me   

Any impact of GSP plus on it?
Title: Re: Textile Sector
Post by: SBM on December 13, 2013, 12:10:01 PM
GSP plus status
Encouraging signs for the textile industry, at last
 
Pakistan has been granted the Generalized Scheme of Preferences (GSP) plus status under the European parliamentary meeting held yesterday. This scheme, allowing majority of the products to enjoy duty free access while some taking advantage of preferential rates among 27 European countries, was voted 406-186 in favor of Pakistan. Withdrawal of current duties (11%), is expected to raise the level of exports by USD1bn in the initial year. We believe 20% of the textile products would be allowed to enter at zero tariff and 70% products would enjoy preferential rates till 2017.
 
Our preliminary analysis suggest that apart from NML (the key beneficiary), smaller players such as Artistic Denim, Gul Ahmed, NCL, and ANL will also witness a positive impact due to higher concentration of value added products (garment, bed sheets, denims etc) compared to other spinning oriented textile players.
 
Personal goods sector which comprises mainly of textile companies has a weight of around 6% in the total market capitalization of KSE. However, the contribution of textile sector in the overall economy and the export market is much more. In exports, the textile sector overall contributes 55% of total exports and in the LSM, its weight is 21%. While a conservative estimate of USD1-2bn is being quoted in the media, the hefty jump witnessed in Bangladesh’s exports over the last decade show that the incremental export from GSP plus status can be much higher.
 
In order for Pakistan’s textile industry to derive full benefit from this change, they would have to diversify from their current reliance on spinning oriented textile units which sell mainly to China. Apart from this, another issue which needs to be resolved is the availability of electricity to the industry and that too at affordable rates so that Pakistan can effectively compete with region