Brokerage

Karachi, March 07, 2013 (PPI-OT): AKD Securities raise AKD Securities target price for HOL by 6.5% to PKR165/ share following an average 5% increase in AKD Securities EPS estimates across the next 5yrs after better than expected CVI3 results +ve surprises in fee and fx income). According to AKD Securities, going forward, AKD Securities see ...

Karachi, March 06, 2014 (PPI-OT): EFERT’s Future Hinges On The Uninterrupted Supply of Gas Reminiscence Engro Fertlizer, having 2 Urea plants with an installed capacity of 0.97mn tons/annum (Base plant) and 1.3 mn tons/annum (Enven plant), has been witnessing tremendous growth in Urea sales since gas restoration. According to Standard Capital, company’s Enven plant, which ...

Karachi, March 06, 2014 (PPI-OT): Total cement dispatches for Feb’14 registered an increase of 4%YoY to 2.1mn tons where local cement dispatches registered an increase of 9%YoY to 2.2mn tons, led by a sharp uptick in dispatches from the north. Exports, however, continued to suffer due to declining off take to Afghanistan resulting in exports ...

Karachi, March 05, 2014 (PPI-OT): While DGKC posted a decline in earnings during 1HFY14; AKD Securities expects a much better result in 2HFY14 due to the sharp decline in coal prices as well as an improvement in cement dispatches. Moreover, recent PKR appreciation vs. the greenback and commencement of operations Of the WHR unit at ...

Karachi, March 04, 2014 (PPI-OT): PSO surprised yet again with its 2QFVI4 result, posting NPAT of PkR8.Obn (EPS: PkR32.4). a growth of 3.gxYoVI4.5%QoO. According to AKD Securities, this brings IHFYI4 NPAT to PkRI5.8bn (EPS: 63.97), a growth of 2.5xYoY. The company held an analyst briefing yesterday to shed light on the result. Amid improved volumetric ...

Karachi, March 04, 2014 (PPI-OT): Solid growth ahead; Subscribe According to Arif Habib Limited, Hascol Petroleum Limited (Hascol) is undergoing an IPO of 25mn shares, out of which 18.75mn shares would be offered through book building at a floor price of PKR 20/share, while the remaining 6.25mn shares would be offered to the general public ...

Karachi, March 03, 2014 (PPI-OT): Despite a late surge, the KSE-100 Index ended Feb14 lower by 3.7%MoM, its first monthly decline since Sep13. According to AKD Securities, while corporate results were largely on track (save for -ve surprises for IPPs), investor sentiment was hurt by an escalation in militant activity that led to airstrikes and ...