Hub Power Company Ltd. (HUBCO): From heights to hurdles – By Insight Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">HUBC recently witnessed a rally, rising by 41% from its 52- week low of PKR93/sh. The rally began following a notice regarding a shareholder agreement with Mega Conglomerate Pvt. Ltd. to acquire a 50% stake in Mega Motor Company. This move will reduce HUBC's exposure to BYD, potentially increasing its dividend payout capacity, and secure a stake in a long-term value-generating business. The company&rsquo;s focus on electric vehicles (EVs) and batteries is well-aligned with the government&rsquo;s target to convert 30% of new vehicles to EVs, which will be supported by the upcoming New Energy Vehicle (NEV) policy.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">While this development offer growth p...