Sazgar produced excillent performance in both 3rd quarter and 9MFY2025 with PAT of 104% and 186% YoY, respectively.
Technically its looks down at 1144 - 1150 support level.
Budget is the main obstacle.
The government is planning to increase the age limit for importing used vehicles from 3 years to 5 years. If implemented, this could negatively impact volumes of local automobile anufacturers.
The FBR has proposed an increase in withholding tax (WHT) on vehicles with engine capacities above 1,300cc. This would be negative for the local players.
Fundamentally, the light vehicles' manufacturers may face difficulties after budget, being the above, materalized.
Sazgar is excillent company but those external factors are not permitting the buy call.
I am still bullish and will buy more purely on technical basis to recover my losses.
Technically its looks down at 1144 - 1150 support level.
Budget is the main obstacle.
The government is planning to increase the age limit for importing used vehicles from 3 years to 5 years. If implemented, this could negatively impact volumes of local automobile anufacturers.
The FBR has proposed an increase in withholding tax (WHT) on vehicles with engine capacities above 1,300cc. This would be negative for the local players.
Fundamentally, the light vehicles' manufacturers may face difficulties after budget, being the above, materalized.
Sazgar is excillent company but those external factors are not permitting the buy call.
I am still bullish and will buy more purely on technical basis to recover my losses.
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