AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore, June 28, 2019 (PPI-OT): Broker Management Rating of Alfalah Securities (Private) limited reflects its emerging position in the country’s brokerage industry. In the preceding year, Credit Lyonnais Securities Asia (CLSA), a Hong Kong based financial services group has acquired 24.9% stake in Alfalah Securities (Pvt.) One of the directors on the board of Alfalah Securities represent CLSA. The rating incorporates the increasing strategic importance of the company to the shareholding acquired by CLSA. On foreign front, the market share of Alfalah Securities in the brokerage industry has increased.
Moreover, there will be a change in entity’s name to leverage CLSA’s strong brand. The organizational structure is well-built, research function is well-developed and the management team includes seasoned professionals. The company’s revenue generation is mainly focused towards foreign and local institutions and high net worth individuals. The company has adequate capitalization levels with the Net Capital Balance of ~PKR 174mln as at end Apr-19.
The rating derives strength from the company’s ability to build a position in the competitive brokerage industry. Meanwhile, approval of retention of key human resources remains imperative. At the same time, the operational profitability and retention of market share in lackluster equity market volumes is crucial.
For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com