By: Fortune Securities Limited
TPL Trakker Limited has now managed to take a step forward, and come up with personal tracking devices. TPL is the first to introduce these in Pakistan. The device will prove useful to every business that plans on keeping a geographical and statistical track of its sales force, much like Pharmaceuticals. TPL plans to mold these devices into an insurance providing service model.
The container tracking business is also making progress, with the company entering into contracts with companies like Engro Fertilizers, Fatima Fertilizer, and major cement manufacturers of the country. With the advent of coal based electricity generation in Pakistan, the foremost need is the transportation of coal which in turn presents an upside for the company. They are already working on contracts with companies that have coal based generation plants at the moment and also those that plan on establishing such plants in the future.
The number of consignments for container tracking has increased to 13,428 in FY15 from 3,412 in FY14 up by 293% YoY.
Vehicle tracking unit sales have doubled in the last four years from almost 8,000 units in FY11 to over 16,000 units in FY15.
Lower interest rates also present possibility of higher sales volume for car manufacturers such as Indus Motors Company Limited, Honda Atlas Cars Limited and Pak Suzuki Motors.