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Karachi: HUBC material information The group companies of Dawood Hercules (DAWH) and CYAN has informed Karachi Stock Exchange (KSE) that they have acquired holdings in HUBC from National Power International Holdings BV at a price of Rs 31/sh. According to Standard Capital, The break up is as follows: • HUBC’s …
Read More »Daily Archives: March 26, 2012
AKD Quotidian about — BAFL: Will Baffle; but on the Upside this time!
Karachi: With CY11 NPAT surpassing aggregate CY08-CY10 profits and fast-track growth anticipated to continue, AKD Securities raises AKD Securities’ end-Dec’12 target price for BAFL to PkR21.50/share. According to AKD Securities sees 14% NPAT CAGR across the next 5yrs driven by sustained 5%+ NIMs, declining credit costs (consumer portfolio has halved …
Read More »Morning Call about Inflation Preview – Arif Habib Limited
Karachi: High oil price to fog earlier easing temptations; for Mar-12 Arif Habib Limited expects CPI at 11%YoY Mar-12 CPI inflation is expected to bounce back Arif Habib Limited estimates Consumer Price Index (CPI) based inflation for the month of Mar- 12 to reach ~10.9% translating into a +~1.3%MoM rise …
Read More »FBR allows Wapda/MoF to make direct payments to PSO – Alfalah Securities Limited
Karachi: In order to resolve the circular debt issue in the power sector, the Federal Board of Revenue (FBR) has allowed Wapda or Ministry to Finance (MoF) to directly make payments to Pakistan State Oil (PSO) on behalf of power producers by relaxing the conditions under section 73 of the …
Read More »POL prices likely to go up in the range of PKR 2.79-7.62/liter – Alfalah Securities Limited
Karachi: The government is likely to raise the prices of petroleum products in the range of PKR 2.79 to PKR 7.62 per litre on account of a rising trend observed in the Arabian Light crude prices which has reached to USD 135 per barrel during March 2012, touching its 2 …
Read More »CCoP approves 2.5% PPL’s secondary public offering – Alfalah Securities Limited
Karachi: The Cabinet Committee on Privatisation (CCoP) has approved the sale of 2.5% of governments’ shareholding in Pakistan Petroleum Limited (PPL). According to Alfalah Securities Limited, the Finance Minister has been authorized to determine the strike price through book building process or to decide the strike price through consultation. The …
Read More »Purchase of HUBC shares by Cyan and Dawood Hercules – Alfalah Securities Limited
Karachi: The management of Cyan (formerly Central Insurance Company Ltd.) has taken up 23.26 million shares of Hub Power Co. (HUBC) through Share Purchase Agreement (SPA) from the National Power International Holdings BV (NPIH) at a price of PKR 31.0. According to Alfalah Securities Limited, likewise, Dawood Hercules Corp. Ltd. …
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