Brokerage

Karachi, April 23, 2015 (PPI-OT): BAFL posted exceptional results for 1QCY15. The banks’ earnings clocked in at PKR 3.0bn (EPS: PKR 1.25) in 1QCY15 from PKR 1.7bn (EPS: PKR 0.71), up 76%YoY. Key Financial Highlights: (i)59%YoY/6%QoQ growth in NII, (ii) 7%YoY decline in provisioning for advances, (iii) 1.24xYoY rise in gain on sale of securities, ...

Karachi, April 23, 2015 (PPI-OT): Lucky Cement Limited (LUCK) has announced its 3QFY15 results where the company posted net earnings of PkR3.7bn (EPS: PKR11.45) against NPAT of PkR3.0bn (EPS: PkR9.35) in 3QFY14, registering an increase of 22.4%YoY. Subsequently, 9MFY15 bottom-line clocked in at PkR9.3bn (EPS: PkR28.77) vs. PkR8.2bn (EPS: PkR25.31) in 9MFY14, up by 14%YoY. ...

Karachi, April 23, 2015 (PPI-OT): Earmarking the highest ever quarterly profits in 1QCY15 (NPAT: PkR1.1bn, EPS: PkR1.39), Engro Foods (EFOODS) is well on the road to make a new mark. While the sequential jump in profitability is attributable to a host of peripheral factors (seasonal weakness in raw milk prices along with internationally lower powder ...

Karachi, April 20, 2015 (PPI-OT): Declining exports and no significant improvement in domestic sales has likely increased competition in the northern cement market and kept revenue growth constrained. On the bright side, diminishing exports with maintained domestic sales will likely improve average retention price while power tariff reduction will support gross margins. In this report ...

Karachi, April 20, 2015 (PPI-OT): On a consolidated basis, EFOODS posted NPAT of PkR1,064mn (EPS: PkR1.39) in 1QCY15 against NPAT of PkR190mn (EPS: PkR0.25) in 1QCY14; up 4.8x YoY. On a sequential basis, the company was able to carry forward the positive earnings momentum, as it grow by a stellar 76%QoQ, versus NPAT of PkR606mn ...

Karachi, April 16, 2015 (PPI-OT): With the Power Policy 2015 on final stages of approval, AKD Securities Limited presents a comparative policy analysis of the present draft’s salient features and present departures from initiatives agreed upon during negotiations with the IMF. Analyzing public policies prevalent in the power space in a frontier as well as ...

Karachi, April 15, 2015 (PPI-OT): Following the harsh reaction from the UAE’s Foreign Minister (Anwar Mohammad Gargash) in response to Pakistan’s decision to stay neutral in the Yemen conflict, PM (Nawaz Sharif) has decided to take center stage and pacify the atmosphere by shedding further light on Pakistan’s decision. Although things have been relatively calm ...