Karachi, July 25, 2013 (PPI-OT): The Pakistan Bureau of Statistics recently released exports data for Jun’13. In this regard, while textile exports fell sequentially by 4%MoM to US$1.14bn, on a `toY basis exports were up by 5%. According to AKD Securities cumulative exports for FYI 3 came in at US$1 …
Read More »AKD Quotidian about — AKBL Rights = Cash Calls for FFC and FFBL
Karachi, July 24, 2013 (PPI-OT): Following a sweeping book cleaning exercise, AKBL has posted hefty loss of PkR4.68bn (LPS: PkR5.76) in 2QCY13, bringing 1HCYI3 NLAT to PkR4.11bn (LPS: PkR5.05). In tandem, AKBL has announced a 55% rights issue priced at par. According to AKD Securities while the stock will likely …
Read More »AKD Quotidian about — NCL – Taj Textile acquisition and TP upgrade
Karachi, July 23, 2013 (PPI-OT): Following the recent decision of the Lahore High Court declaring the bid by NCL for the acquisition of the spinning units of Taj Textile Mills Limited successful, AKD Securities has revised AKD Securities earnings estimates and AKD Securities TP for NCL. According to AKD Securities …
Read More »AKD Quotidian about — Banks: Opportunities in Medium/Small space
Karachi, July 22, 2013 (PPI-OT): Since Dec 31’12, the Big-6 banks have on average gained 52%, outperforming the banking sector by 10% and the broader market by 13% in the process. According to AKD Securities at the same time, top-tier medium-sized banks such as SCBPL and NIEBL have each gained …
Read More »AKD Quotidian about — FY13 CAD review and outlook
Karachi, July 19, 2013 (PPI-OT): The Current Account balance for Jun’13 has registered a deficit of US$1 63mn, down a sharp 69%MoM, bringing the full-year FY13 deficit to US$2.30bn vs. a deficit of US$4.66bn in FY12, an improvement of 51%YoY. According to AKD Securities the latter was underpinned by i) …
Read More »Morning Call about – KSE: Asia’s top market in return and FF despite currency attrition! – Arif Habib Limited
Karachi, July 19, 2013 (PPI-OT): World equities declined, and then recovered, KSE least affected so far! With the FED’s (US Federal Reserve) call for no-rush for a cut in stimulus package (US$ 85bn per month for bond buying) has once again supported financial and commodity markets around the globe. According …
Read More »Morning Briefing –PTC- EPS of Rs 1.54 catches short term attention….Neutral – Standard Capital
Karachi, July 18, 2013 (PPI-OT): Pakistan Telecommunication Limited (PTC) on Tuesday announced 1HCY13 results, announcing the earnings of Rs.1.54 per share for this six month period against Re 0.23 in previous six month period from July 1,2013 to Dec 31,2013. According to Standard Capital whereas company announced an interim dividend …
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