Chase Securities conducted a corporate access session with the management of Loads Limited wherein the audience was apprised of the company’s performance and its future plans
Key Takeaways:
• Two new customers are being inducted with negotiations at an advanced stage.
• Management is exploring all options with regards to Hi-Tech Alloy Wheels with both a partnership and an outright sale being considered.
• Management expects margins to remain relatively stable in the second half of this year with some pressure.
• Monetary easing is expected to drive volumetric growth in auto sales thereby contributing positively to Loads’ revenues.
• Management was also hopeful of its efforts in the exports and aftermarket radiators segments.
• Their assessment of the threat posed by the shift to EVs was that penetration target for the next 5 years is 30% and therefore does not pose an existential threat to their business.
Important Disclosures
Disclaimer: This report has been prepared by Chase Securities Pakistan (Private) Limited and is provided for information purposes only. Under no circumstances, this is to be used or considered as an offer to sell or solicitation or any offer to buy. While reasonable care has been taken to ensure that the information contained in this report is not untrue or misleading at the time of its publication, Chase Securities makes no representation as to its accuracy or completeness and it should not be relied upon as such. From time to time, Chase Securities and/or any of its officers or directors may, as permitted by applicable laws, have a position, or otherwise be interested in any transaction, in any securities directly or indirectly subject of this report Chase Securities as a firm may have business relationships, including investment banking relationships with the companies referred to in this report This report is provided only for the information of professional advisers who are expected to make their own investment decisions without undue reliance on this report and Chase Securities accepts no responsibility whatsoever for any direct or indirect consequential loss arising from any use of this report or its contents At the same time, it should be noted that investments in capital markets are also subject to market risks This report may not be reproduced, distributed or published by any recipient for any purpose.
