Equity Analysis /
Pakistan

Honda Atlas: Signs of an early launch of the new Civic

  • Reports of test drives of the new Civic have led to expectations of an early launch, amid HCAR’s c.10% rally last week

  • With the current Civic nearing the end of its lifecycle, an early launch of new Civic may be on the cards

  • Despite the near-term catalyst of a new Civic model, we maintain our Neutral stance on the scrip (TP of PKR235/sh)

Abdul Ghani Mianoor
Intermarket Securities
27 December 2021