VCheng
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Attracting actual investments takes more than just changing the base year or by adding undocumented numbers.
Pakistan's Vibrant Middle Class Driving Motorcycle Sales Boom
- Thread starter RiazHaq
- Start date
Attracting actual investments takes more than just changing the base year or by adding undocumented numbers.
#Pakistan #auto parts maker Loads Limited CEO more than bullish on nation's auto sector. #economy #manufacturing
http://tribune.com.pk/story/1310741/optimistic-loads-limited-ceo-just-bullish-pakistans-auto-sector/
Munir Bana advised many of his employees to buy the company’s shares as date of the book-building portion of the IPO neared. Many of them hesitated, but some of them opted to buy a personal stake in the auto part maker’s expansion plan.
Weeks later, many regretted their decision and those who bought the shares wished they had invested more.
After all, the share price of Loads Limited – the last listing on the Pakistan Stock Exchange in 2016 – jumped over 100% within a few weeks of trading. It is currently priced at Rs56.76 after starting on Rs34 and has also handed out 10% bonus shares and Rs1 as dividend to its shareholders.
“Our employees were hesitant to enter the stock market, but when I insisted many of them bought the company’s shares,” said Bana, the CEO of Loads Limited, one of the leading auto part makers in the country.
“Those who did not buy or purchase just a few shares now regret (their decision).”
Before offering 50 million shares through the IPO, the company first offered 2.5 million shares to its employees to engage them in the company’s future aggressive investment plans. The company eventually managed to raise Rs1.7 billion, an amount the company is now using for expansion of its production capacity.
Loads makes radiators, exhaust systems, mufflers, sheet metal components among other parts, and its clients include more than a dozen national and multinational companies engaged in the production of motorcycles, cars and heavy vehicles manufacturers.
Bullish on future growth
Bana, a Chartered Accountant, believes two developments have been positive triggers for the local auto industry — the China-Pakistan Economic Corridor (CPEC), a $55-billion investment and loan package that envisages changing the way China conducts trade, and the Automotive Development Policy (ADP) 2016-21 announced in March 2016.
Industry experts believe the auto sector would be a major beneficiary of CPEC, given the corridor’s vision of upgrading Pakistan’s road and highways network.
Officials say the country would need heavy vehicles not only during the construction phase, but also after the infrastructure projects are completed.
“New entrants and new models, as well as the increase in heavy vehicles, all speak for themselves,” he said.
http://tribune.com.pk/story/1310741/optimistic-loads-limited-ceo-just-bullish-pakistans-auto-sector/
Munir Bana advised many of his employees to buy the company’s shares as date of the book-building portion of the IPO neared. Many of them hesitated, but some of them opted to buy a personal stake in the auto part maker’s expansion plan.
Weeks later, many regretted their decision and those who bought the shares wished they had invested more.
After all, the share price of Loads Limited – the last listing on the Pakistan Stock Exchange in 2016 – jumped over 100% within a few weeks of trading. It is currently priced at Rs56.76 after starting on Rs34 and has also handed out 10% bonus shares and Rs1 as dividend to its shareholders.
“Our employees were hesitant to enter the stock market, but when I insisted many of them bought the company’s shares,” said Bana, the CEO of Loads Limited, one of the leading auto part makers in the country.
“Those who did not buy or purchase just a few shares now regret (their decision).”
Before offering 50 million shares through the IPO, the company first offered 2.5 million shares to its employees to engage them in the company’s future aggressive investment plans. The company eventually managed to raise Rs1.7 billion, an amount the company is now using for expansion of its production capacity.
Loads makes radiators, exhaust systems, mufflers, sheet metal components among other parts, and its clients include more than a dozen national and multinational companies engaged in the production of motorcycles, cars and heavy vehicles manufacturers.
Bullish on future growth
Bana, a Chartered Accountant, believes two developments have been positive triggers for the local auto industry — the China-Pakistan Economic Corridor (CPEC), a $55-billion investment and loan package that envisages changing the way China conducts trade, and the Automotive Development Policy (ADP) 2016-21 announced in March 2016.
Industry experts believe the auto sector would be a major beneficiary of CPEC, given the corridor’s vision of upgrading Pakistan’s road and highways network.
Officials say the country would need heavy vehicles not only during the construction phase, but also after the infrastructure projects are completed.
“New entrants and new models, as well as the increase in heavy vehicles, all speak for themselves,” he said.
why do Indian always ask this question...what does it matter its a freaking motor cycle
Naeem A.
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سجنو۔۔۔ میری بات سنو
Last week I had a motorbike accident, I own a Honda 125. Koi motorcyclists k increased accidents per b baat karo.
90% accidents in Lahore either involve motorcyclists or are caused by us(cause I'm a motorcyclist).
Last week I had a motorbike accident, I own a Honda 125. Koi motorcyclists k increased accidents per b baat karo.
90% accidents in Lahore either involve motorcyclists or are caused by us(cause I'm a motorcyclist).
AZADPAKISTAN2009
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Motor bikes should be banned due to various traffic violations and accidents caused by their riders.
Should be extensive implementation of Metro / Train servcies and connected by series of rent based bicycle stands near the metro / train centers.
Motor bikes , are used by criminals for crimes
The bikes are easy get away vehicle able to sqeeze between cars and suddenly change directions
Bikes cause alot of accidents due to over speeding or illegal lane changes
Chances of fatal accident is high in motor bikes
Should be extensive implementation of Metro / Train servcies and connected by series of rent based bicycle stands near the metro / train centers.
- For elderly few (Allowed licenced ) designated cheap taxies would be reasonable
Motor bikes , are used by criminals for crimes
The bikes are easy get away vehicle able to sqeeze between cars and suddenly change directions
Bikes cause alot of accidents due to over speeding or illegal lane changes
Chances of fatal accident is high in motor bikes
livingdead
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do they? dont know about others but brands matter to me even when I am buying washing liquid or chocolate or bread... matters much more for durables..
HAIDER
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No Kawaski ...
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