Brokerage

Karachi, February 16, 2015 (PPI-OT): Synopsis Hub Power Company Limited (HUBC) will be announcing financial results later today. Completion of plant overhaul and drastic reduction in input fuel, HSFO, is expected to improve power generation and gross margins to derive outstanding growth. Improving core operations will be the main factor behind growth in the period ...

Karachi, February 16, 2015 (PPI-OT): Following recent positive developments on both the macroeconomic front and the company’s fundamental outlook, AKD Securities Limited updates AKD Securities Limited’s investment case for DG Khan Cement (DGKC), where AKD Securities Limited raises FY15F earnings by 13% to PkR15.28/share, while upping up AKD Securities Limited’s 3yr CAGR from 7% to ...

Karachi, February 16, 2015 (PPI-OT): Consolidated 1HFY15 NPAT for HUBC clocked in at PkR5.40bn (EPS: PkR4.67) vs. 1HYFY14 NPAT of PkR3.33bn (EPS: PkR2.88), up 62%YoY driven largely by reduced operating costs amidst significantly lower O and M charges. In 2QFY15 alone, HUBC posted NPAT of PkR3.74bn (EPS: PkR2.66), up by 143%YoY/32%QoQ. While turnover came off ...

Karachi, February 12, 2015 (PPI-OT): Led by spectacular monthly off take performance by HCAR and INDU that sold 3,221 units (up 4.8xMoM/24%YoY) and 6,415 units (up 57%MoM/61%YoY) respectively, 2015 kicked off on a high note for the auto industry. In this regard, the industry witnessed record high sales of 17,709 units (cars+LCVs) in the month ...

Karachi, February 12, 2015 (PPI-OT): Maple Leaf Cement (MLCF) held its 2QFY15 analyst briefing earlier today. To recall, the company posted NPAT of PkR0.89bn (EPS: PKR1.68) in 2QFY15, lower by 4%YoY (+26%YoY on pre-tax basis). Consequently, 1HFY15 earnings stood at PkR1.43bn (EPS: PkR2.72), lower by 3%YoY (+31%YoY on pre-tax basis). Along with the result, MLCF ...

Karachi, February 10, 2015 (PPI-OT): OIL and GAS DEVELOPMENT COMPANY LIMITED – Post-Result Analysis Synopsis Oil and Gas giant, OGDC, has announced financial results for 1H FY15 where the firm records NPAT decline of 29% YoY. Revenue decline was anticipated on account of significant drop in international oil rates; however, further stresses forced actual bottomline ...

Karachi, February 06, 2015 (PPI-OT): Synopsis Allied Bank Limited (ABL) will be unveiling full year CY14 accounts next week, the 10th of Feb’15. Bottom-line is not expected to show strong performance experienced during the year as greater provisions for taxation are likely to trim earnings. NPAT for the year is expected at PKR 15.3bn (EPS: ...