Pakistan Cement: Apr'25 dispatches improve amid low base - By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Cement dispatches for Apr&rsquo;25 clocked in at 3.34mn tons, an increase of 13%YoY, driven by 8%YoY surge in local offtakes, while exports increased by 35%YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We believe, MRPs in the South are likely to rise to match those in the North. As a result, South based players are expected to be the primary beneficiaries.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Our preferred picks from the sector remain LUCK &amp; FCCL with Dec&rsquo;25 target prices of PkR393/sh and PkR61/sh, respectively</span></li></ul>