Karachi, March 17, 2015 (PPI-OT): Two years since the one off payment of PkR500bn was made by the present gov’t with the aim of eradicating circular debt and curtailing the power deficit. Yet, the marked differential between cost of generation vs. bill receivables has risen, despite tariff rationalization in Oct’13 coupled with high T and ...
Read More »Result Preview – Elixir Securities Limited
Karachi, March 16, 2015 (PPI-OT): PSMC: Rozgar scheme to keep the stock in limelight despite lofty valuations Result announcement Pak Suzuki Motors Company (PSMC) is scheduled to announce its full year CY14 financial results on 18th March, 2015. Elixir Securities Limited expects the company to post EPS of PKR24.11, up 7% YoY. 4QCY14 earnings are ...
Read More »AKD Securities Limited – FFBL: Earnings revision
Karachi, March 16, 2015 (PPI-OT): With the GoP assuring IMF that gas prices will be rationalized w.e.f April 15, a swift wave of negativity has swept across the fertilizer sector in particular. The sector, which remained the star performer since the turn of the year (up 12.66% CY15TD), has failed to outpace the broader market ...
Read More »Elixir Securities Limited – Result Review
Karachi, February 24, 2015 (PPI-OT): LUCK – 1HFY15EPS clocked in at PKR17.32 Result announcement Lucky Cement Company Ltd (LUCK) announced its 1HFY15 financial results yesterday. The company posted EPS of PKR17.32, up 9% YoY in line with Elixir Securities Limited’s expectations. 2Q earnings clocked in at PKR9.07/sh up 12% YoY. Margins improve 2.1pp YoY LUCK’s ...
Read More »AKD Securities Limited – NML and NCL: 1HFY15 Results Reviews
Karachi, February 24, 2015 (PPI-OT): NML has posted unconsolidated NPAT of PkR1.54bn (EPS: PkR4.38) in 2QFY15 vs. NPAT of PkR2.28bn (EPS: PkR6.49) in 2QFY14, down by 32%YoY. However, 2QFY15 results were above AKD Securities Limited’s projected NPAT of PkR1.28bn (EPS: PkR3.64), with the deviation due to higher ‘other income’, which clocked in at PkR1.50bn (17% ...
Read More »AKD Securities Limited Market Roundup
Karachi, February 24, 2015 (PPI-OT): HBL: Poised to cross MCB in market cap terms! Having posted robust 39%YoY growth in CY14, AKD Securities Limited believes HBL will continue on a double-digit growth trajectory going forward. In this regard, AKD Securities Limited raises AKD Securities Limited’s EPS estimates across CY15F-CY19F by 10% on average while upping ...
Read More »JS Securities Limited – LUCK: 1HFY15 EPS at Rs17.32, up 9% YoY
Karachi, February 23, 2015 (PPI-OT): Lucky Cement (LUCK) announced 1HFY15 results today, where the company posted earnings of Rs5,601mn (EPS: Rs17.32), up 9% YoY. In 2Q alone, earnings clocked in at Rs9.07/share, a growth of 12% YoY/ 10% QoQ. Earnings are slightly lower than JS Securities Limited’s estimates, as gross margins clocked in at 44% ...
Read More »