Analyst Research Report Snapshot

Title:

Pakistan Automobiles: Strong sales trend continued in Feb

Price:

$23.00

Provider:

Foundation Securities Private Limited

Date:

12 Mar 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

INDM.KA PKSU.KA

Available for Immediate Download
Summary:

Event * Latest data on auto sales released by PAMA depicts 1% MoM drop in unit sales in Feb (16% YoY). Adjusted with lower number of days in Feb, data reveals an encouraging picture with unit/day improving by 9% MoM for the industry with Indus recording the highest improvement (12% MoM). Sales in 8MFY13 are down 26%. We continue see improving sales outlook in 2H though risk on another change in import policy has surfaced in the near term.

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