Investors must keep an eye out for Pak Suzuki Motor Company - TopicsExpress

Investors must keep an eye out for Pak Suzuki Motor Company (PSMC). We saw this stock rally to 215 but 203.78 was the closing price. There is potential in PSMC because of a solid revenue stream which will most likely be used for expanding operations. The recent rupee appreciation against the dollar and Japanese Yen have made it cheaper for auto companies to import car parts and this will positively impact sales volumes. PSMC declared a profit of 693 milion in 1HFY14 compared to a loss in 1HFY13. Being the auto giant of the KSE we expect the stock price to rise under these new favorable conditions and our TP is set at 225. BUY!

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