Karachi, January 24, 2014 (PPI-OT): FFC is scheduled to announce its annual CYI3 result on Jan 2914. AKD Securities expects the company to post NPAT of PkRIO,918mn (EPS~ PkRI566) in CYI3, a decline of 4%YoY. According to AKD Securities, the decline is led mainly by i) an expected 3%YoY decline in the top line to ...
Read More »Morning Buzz for January 23, 2014 – MR Securities
Karachi, January 23, 2014 (PPI-OT): Wheat supply: Govt refuses subisidy as cash constraints bite The federal government has refused to provide subsidised wheat to the World Food Programme (WFP) for distribution among earthquake victims following opposition from the Ministry of Finance because of financial constraints caused by swelling power subsidy, sources say. According to MR ...
Read More »Morning Briefing for January 23, 2014 – Standard Capital
Karachi, January 23, 2014 (PPI-OT): International Steels – Greenfield Project According to Standard Capital Limited, international Steels (ISL) showed exponential growth in its 1HFY14 results. Net profit for the period reported as Rs 375mn (EPS Re 0.86) against Rs 69mn loss in same period last year (SPLY), which is quite good for this green field ...
Read More »Morning Call about – 1HFY14 Result Preview – Arif Habib Limited
Karachi, January 22, 2014 (PPI-OT): ACPL and POL ACPL: 2QFY14 earnings to clock in at PKR 4.31/share, 17% up QoQ We preview 1HFY14 financial result for Attock Cement Pakistan Limited (ACPL) scheduled to be announced today. According to Arif Habib Limited, they expect the company to post a healthy 17% QoQ growth in 2QFY14 to ...
Read More »Morning Buzz for January 21, 2014 – MR Securities
Karachi, January 21, 2014 (PPI-OT): IMF to be paid $2 billion this year According to MR Securities, Pakistan has to undertake debt servicing of over $2 billion to the International Monetary Fund (IMF) in calendar year 2014 on account of Stand-by-Arrangement (SBA) and other loans. Sources in banking sector told Business Recorder on Monday that ...
Read More »Morning Briefing for January 21, 2014 – Standard Capital
Karachi, January 21, 2014 (PPI-OT): Peak PE situation In the past Standard Capital have highlighted few glaring options in various sectors. According to Standard Capital, now Standard Capital would also like to highlight high PE stocks that are trending above 10x on future earnings wherein Standard Capital advises investing community to stay cautious. Standard Capital ...
Read More »AKD Quotidian about — FFBL: CY13 Result Preview
Karachi, January 21, 2014 (PPI-OT): FFBL is scheduled to announce its annual CYI3 result on Jan 2714. According to AKD Securities, they expect the company to post earnings growth of 31%YoY In CYI3 to PkR5.7bn (EPS: PkR6.07) led primarily by favourable DAP operations, where expected DAP capacity utilization of 112% should lead to off take ...
Read More »