Pak Suzuki Motor Co. earnings revised downward, ‘Sell’ maintained: Topline research
Karachi, May 9, 2019: Topline research revises down Pak Suzuki (PSMC) earnings estimate post-1Q2019 financial result, incorporating the changes due to the considerable deviation of results from our estimates amid a deterioration in margins. According to topline research earn per share estimate of Rs21.5/Rs35.58 for 2019E/2020E to LPS of Rs (15.6)/(6.6). Below Expectation 1Q2019 results:…