Karachi, January 21, 2014 (PPI-OT): LDI update: Minutes inflow to register 11% MoM growth in Jan’14 Zong receives 2% of PTC in LDI revenue market share To recall, Zong (China Mobile, Pakistan) has been granted a Long Distance Int’l (LDI) license and its market share in the ICH consortium would be 2% (mainly from PTC’s ...
Read More »AKD Quotidian about — Jan14 MPS Review
Karachi, January 20, 2014 (PPI-OT): The SBP in i~ Jan14 MPS kept the discount rate unchanged at 10%. In line with AKD Securities’ expectations. Based on the IHFYI4 average CPI of 8.89%. this brings real interest rates to +1 %. In this regard, the SBP kept the Discount rate unchanged due to 1) lower than ...
Read More »Morning Buzz for January 20, 2014 – MR Securities
Karachi, January 20, 2014 (PPI-OT): Country becomes eligible for next EFF tranche: NIR target modified downward According to MR Securities, The International Monetary Fund (IMF) modified the time bound target of Net International Reserves (NIR) downward by $2 billion for the second quarter (end-December 2013), thereby enabling Pakistan to become eligible for the disbursement of ...
Read More »Morning Briefing for January 20, 2014 – Standard Capital
Karachi, January 20, 2014 (PPI-OT): Automobile sales up by 5.8% YoY As per the latest automobile sales data by PAMA, Auto sales of the industry witnessed slight increase of 5.8% on YoY to 60,660 units in 6MFY14 as against the sales of 57,316 units in the corresponding period last year. Conversely, on monthly basis, industry ...
Read More »Morning Call about – Monetary Policy Statement Economy – Arif Habib Limited
Karachi, January 20, 2014 (PPI-OT): Policy Rate unchanged though warrants a cautionary outlook! The State Bank of Pakistan (SBP) in its CY14-start review of monetary policy on Friday kept the policy rate unchanged at 10% and the repo rate at 7.5%, respectively. According to Arif Habib Limited, this was in line with Arif Habib Limited’s ...
Read More »Morning Buzz for January 17, 2014 – MR Securities
Karachi, January 17, 2014 (PPI-OT): LSE approves Engro Fertilizers’ application: shares’ trading from today Lahore Stock Exchange Limited (LSE) has approved the application for formal listing and quotation of shares of Engro Fertilizers Limited on completion of all formalities required under the Listing Regulations of the Exchange. According to MR Securities, NEPRA raises tariff for ...
Read More »Morning Call about Bank Al-Falah – Arif Habib Limited
Karachi, January 16, 2014 (PPI-OT): Strong fundamentals, not yet priced-in With result season excitement gaining pace particularly for the banking sector, Arif Habib Limited’s best call stands out for Bank Al-Falah (BAFL). According to Arif Habib Limited, the Bank is currently trading at forward CY14E P/BV of 0.9x, and a PER of 6.2x. Based on ...
Read More »