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Crystal Group announces appointment of VP, Advanced TechnologyDespite an increase in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) declined nearly 62%, clocking in at a mere Rs257.74 million in the quarter ended September 30 of fiscal year 2024-25 compared to PAT of Rs675.34 million recorded in the same period of the previous year. As per HCAR’s financial statements made available at the Pakistan Stock Exchange (PSX) on Friday, the automobile company’s earnings per share (EPS) stood at Rs1.80 during the quarter, compared to an EPS of Rs4.73 last year. The decline in profit can be attributed to an increase in the cost of sales. During the quarter, HCAR’s sales clocked in at Rs16.59 billion, compared to Rs13.96 billion in SPLY, an increase of 19%. However, despite higher sales, the company’s gross profit decreased by 20%, clocking in at Rs1.22 billion in 1QFY25 as compared to a gross profit of Rs1.53 billion in SPLY. The decline in profit comes amid a 24% increase in cost of sales, which stood at Rs15.34 billion during 1QFY25. Consequently, HCAR’s gross margins lowered to 7.35% in 1QFY25, compared to 10.94% in same period last year. As per the latest Pakistan Automotive Manufacturers Association (PAMA) data, HCAR sold nearly 5,000 passenger cars and LCVs during the first four months of the ongoing fiscal year, an increase of 64% year-on-year.New pro-European coalition approved in Romania amid period of political turmoil
Thrivent Financial for Lutherans lifted its holdings in shares of Canadian Pacific Kansas City Limited ( NYSE:CP – Free Report ) (TSE:CP) by 61.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,807 shares of the transportation company’s stock after purchasing an additional 7,573 shares during the period. Thrivent Financial for Lutherans’ holdings in Canadian Pacific Kansas City were worth $1,694,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grove Bank & Trust lifted its stake in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the last quarter. LRI Investments LLC bought a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth $35,000. Chris Bulman Inc purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter worth about $35,000. Finally, Asset Dedication LLC bought a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $38,000. 72.20% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of brokerages have weighed in on CP. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Barclays boosted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Citigroup cut their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Stephens decreased their price objective on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.88. Canadian Pacific Kansas City Stock Performance Shares of CP opened at $76.62 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $79.26 and a 200-day moving average price of $80.24. The company has a market cap of $71.51 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12-month low of $71.08 and a 12-month high of $91.58. Canadian Pacific Kansas City ( NYSE:CP – Get Free Report ) (TSE:CP) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year. Canadian Pacific Kansas City Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.73%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 19.64%. About Canadian Pacific Kansas City ( Free Report ) Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers. Read More Five stocks we like better than Canadian Pacific Kansas City Pros And Cons Of Monthly Dividend Stocks The Latest 13F Filings Are In: See Where Big Money Is Flowing Most active stocks: Dollar volume vs share volume 3 Penny Stocks Ready to Break Out in 2025 Business Services Stocks Investing FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding CP? 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NoneCAN a Common Utility Tunnel (CUT) system, similar to the one in Putrajaya, prevent incidents like the recent tragedy where an Indian national was swallowed by a sinkhole in Jalan Masjid India? Kuala Lumpur mayor Datuk Seri Maimunah Mohd Sharif believes such a system could improve underground utility maintenance and prevent similar accidents in the future, but its feasibility hinges on careful planning and cost considerations. “From an engineering standpoint, it’s possible, but the challenge lies in retrofitting such a system into a dense, built-up urban area,” she told StarMetro when asked about the feasibility of building an underground tunnel for utilities and cables beneath Kuala Lumpur. “The CUT system, like the one in Putrajaya, is feasible for improving underground utility maintenance. “I have seen this in Japan, where there are miles and miles of utility and fibre-optic cables running underneath cities like Tokyo, but these were constructed decades ago. “In Kuala Lumpur, this could be considered for newer developments where there is still space to plan something like it,” she said. Previously, Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa had told Parliament that Kuala Lumpur City Hall (DBKL) was urged to consider building a common utility system similar to Putrajaya’s to improve efficiency of the city’s underground utility system. She added that the system could also be integrated with the city’s control centre using telemetry technology for safety and monitoring. Maimunah, a trained urban planner, said Putrajaya was a greenfield area, making it suitable for underground tunnelling projects, as it offered flexibility and reduced risk of disrupting existing infrastructure. Putrajaya’s Common Utility Trench houses a mass of TNB, multimedia, telecommunication and fibre-optic cables, as well as Air Selangor, Gas Malaysia and chilled water pipes. “But Kuala Lumpur, being predominantly a brownfield area, is less suitable, though not impossible from an engineering perspective,” she said. (Brownfield sites are typically located in urban areas because they have previously been built upon, while greenfield sites have never been built on and can be found in the countryside or rural areas.) Putrajaya’s underground utility system was constructed between 1999 and 2006 at a cost of RM250mil. Located 3m beneath the core island, it spans 10.8km across Precincts 2, 3 and 4 and serves as the nerve centre for utility companies and service providers, exclusively supporting ministries and government buildings. It comprises a network of Tenaga Nasional Bhd (TNB) cables, Air Selangor and Gas Malaysia pipes, and multimedia and telecommunication fibre-optic cables, all neatly arranged. On the status of the utility mapping task force study following the Jalan Masjid India incident, Maimunah said the report would be ready by the end of the year. “But if utility companies had been unwilling to share their data before, the Jalan Masjid India incident has opened everyone’s eyes, and now all parties are willing to help and share information. “We have RM10mil allocated under Budget 2025 to conduct the utility mapping study, which will cover the Jalan Masjid India area and the CBD (central business district),” she said. In the Aug 23 incident, an Indian tourist, Vijayalakshmi Gali, fell into a 8m sinkhole. Her body has not been recovered. — By BAVANI MSouthwest Missouri man charged with murder in Boone County crash
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