PACRA Maintains Entity Ratings of Bestway Cement Ltd

News Image

MG News | November 20, 2018 at 10:50 AM GMT+05:00

0:00

November 20, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of Bestway Cement Limited at ‘AA-’ for long term and ‘A1+’ for short term. The outlook forecast on these ratings is ‘stable’.

According to the rating agency, the ratings reflect the company’s leading position in the market emanating from its highest market share (19.7%).

Furthermore, the ratings are dependent on upholding of company’s leading market position along with sustenance of business volumes and margins.

The Company's recent brown field expansion and successful mergers in the past helped company to maintain its position.

Despite the sharp decline witnessed in margins, industry wide, on account of international coal prices and relevant duties, increase in FED and dip in cement prices, the company managed to depict good margins.

The company’s ratings are further strengthened by the sustainable dividend income from its strategic investment in United Bank Limited (UBL) in which company is holding 7.68%.

Copyright Mettis Link News
 

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,755.00 119,440.00
118,260.00
460.00
0.39%
BRENT CRUDE 71.98 73.17
71.75
-0.53
-0.73%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.71 69.79
68.45
-0.50
-0.72%
SUGAR #11 WORLD 16.41 16.58
16.40
-0.18
-1.09%

Chart of the Day


Latest News
July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want


July 30, 2025 at 03:47 PM GMT+05:00

CCP resolves 223 cases, recovers Rs360m


July 30, 2025 at 03:15 PM GMT+05:00

SBP keeps policy rate unchanged at 11%


July 30, 2025 at 03:09 PM GMT+05:00

LSE Capital exits Ensmile Limited


July 30, 2025 at 03:06 PM GMT+05:00

PMYP, PILDAT sign landmark LOI to strengthen youth



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg