Muhammad Sarfraz Abbasi

Sarfraz Abbasi presents detailed cement analysis through an interview to the national television.  http://www.dailymotion.com/video/x10etl8_sarfraz-abbasi-interview-to-ptv-on-cement-sector_news#.UaznfNKBnY9

Cement co plans to invest in Iraq Staff Reporter Wednesday, May 29, 2013 -  Karachi —Attock Cement  Company Limited  has planned to make investment  in Cement Grinding Unit in Basra, Iraq. According to a notice sent by Attock Cement Pakistan Limited (ACPL) to Karachi  Stock  Exchange (KSE) that the company has an intention to invest about $25 million in new cement grinding unit in Basra, Iraq. As per calculation, the company requires total  investment  of Rs2.46 billion. “The board of directors of the company has  approved  the  investment  for putting up a Cement Grinding Unit in Basra, Iraq,  subject  to regulatory and other approval and compliance with all applicable laws, rules and regulations ,” the notice said. Muhammad Sarfraz Abbasi, an analyst at Summit Capital, said that the company presently had  total cash  and cash equivalents amounting to Rs1.60 billion in it...

Categorized |   Construction & Engineering Attock Cement to Invest $25m in Basra Posted on 28 May 2013.  Tags:  Attock Cement Pakistan Limited (ACPL) ,  Basra ,  cement ,  pakistan ,  Summit Capital By John Lee. Pakistan’s  Attock Cement Pakistan Limited (ACPL) intends to invest around $25 million in a new cement grinding unit in Basra. Summit Capital  analyst Muhammad Sarfaraz Abbasi commented: “ Since Iraq is an economy which is coming out of war with a huge potential for reconstruction activities, we expect the project will pay ACPL back well in the coming years … “However, since the project’s plan is at an initial stage, we are waiting for further details from the company to evaluate the impact of the project on its earnings going forward. ” The producer of the well-known Falcon brand of cements posted revenue growth of just 9 percent in the last quarter. (Sources: Express Tribune, Pakistan Stock Exchange...

Weakening yen boosts profits in auto sector Pakistani car assemblers Written by  pakeng |   May 16, 2013   |   Comments Off KARACHI:  A depreciation of 13%in the Japanese yen against the Pakistani rupee January-to-date has considerably improved the outlook for Pakistani car assemblers for the remaining months of the current fiscal year and the year ahead. For car  assemblers, the weakening yen is making imports of car parts cheaper, resulting in an overall decline in the  manufacturing cost  of vehicles. “Although, you cannot say exactly how much this depreciation has actually helped decrease the cost of manufacturing, it must be around 7-8% if you keep the cost of manufacturing stable,” Zoya Ahmed, an analyst at BMA Capital, told  The Express Tribune . The basic thing is the  increase  in margins, not volumes, she said; adding that the increase in volumes may also help local car assemblers in the  comi...

Attock Cement plans investment in Iraq By  Our Correspondent Published: May 28, 2013 Share this article Print this page Email PHOTO: FILE KARACHI:  The Board of Directors of Attock Cement Pakistan Limited (ACPL) has informed the Karachi Stock Exchange that the company intends to invest around $25 million in a new cement grinding unit in Basra, Iraq. The announcement was made through a letter dated May 27, 2013. An analyst note issued on the same day by Summit Capital says: “As per our calculation, the company requires total investment of Rs2.46 billion (at a dollar-rupee parity of 98.54)” to implement its plans. “The company presently has total cash and cash equivalents amounting to Rs1.60 billion in its balance sheet,” the note continues. “We expect, keeping other factors constant, that the management might prefer to partially finance its new project by availing long-term financing, and the remaining portion will be financed fr...

ACPL plans to invest in Cement Grinding Unit in Iraq May 28, 2013 RECORDER REPORT 0 Comments Attock Cement Company Limited has planned to make investment in Cement Grinding Unit in Basra, Iraq. According to a notice sent by Attock Cement Pakistan Limited (ACPL) to Karachi Stock Exchange (KSE) that the company has an intention to invest about $25 million in new cement grinding unit in Basra, Iraq. As per calculation, the company requires total investment of Rs 2.46 billion. "The board of directors of the company has approved the investment for putting up a Cement Grinding Unit in Basra, Iraq, subject to regulatory and other approval and compliance with all applicable laws, rules and regulations," the notice said. Muhammad Sarfraz Abbasi, an analyst at Summit Capital, said that the company presently had total cash and cash equivalents amounting to Rs 1.60 billion in its balance sheet. "We expect keeping other factors constant, the management might p...

Corporate results: Honda Atlas finally on the right track By  Farhan Zaheer Published: May 22, 2013 Share this article Print this page Email Auto assembler posts profit after incurring losses for four straight years, according to Sherman Securities. PHOTO: FILE KARACHI:  Honda Atlas Cars has reported Rs244 million as profit after tax for the year ending March 2013, up from a loss of Rs532 million last year. The company announced earnings per share (EPS) of Rs1.71 in 2013 compared to loss of Rs3.73 per share last year. Analysts say the company is on the growth track, and its immediate outlook is positive like other auto companies operating in the country. “Honda Atlas, like other auto companies operating in the country, is going to do good business in the near future,” said Atif Zafar, analyst at JS Global Capital. Overall, the post-election economic scenario of the country is positive, as the incoming government is here with an aim to...

                                                                          HOME PAKISTAN BUSINESS WORLD SPORTS LIFE & STYLE MULTIMEDIA OPINION MAGAZINE BLOGS URDU NEWS SINDH PUNJAB BALOCHISTAN KP & FATA JAMMU & KASHMIR GILGIT BALTISTAN ALERTS   Zardari orders removal of blockades near Bilawal House in Karachi 11:36 PM PST   Locally assembled car sales improve ahead of general elections By  Farhan Zaheer  /  Creative: Asad Saleem Published: April 11, 2013 Share this article Print this page Email Sales of locally assembled vehicles (including cars, vans and jeeps) dropped 25% to 96,326 units in nine months compared to 128,567 units in the same period of last year. DESIGN: ASAD SALEEM ...