Equity Analysis /
Pakistan

Honda Atlas: MY 21 analyst briefing takeaways

  • At the analyst briefing today, management announced the launch of the new City (29 July 2021)

  • HCAR has plans on launching new models such as the new Civic, an SUV, while also evaluating options in the EV segment

  • Despite the recent c.15% rally over the past month, we have a Buy rating on HCAR with a MY22 TP of PKR500/sh

Abdul Ghani Mianoor
Intermarket Securities
28 July 2021