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Karachi, July 18, 2013 (PPI-OT): AKD Securities revises TP for FFBL to PkR53/share following a consistent downtrend in phosacid prices, which has brought DAP-Phosacid PM above US$300/ton. According to AKD Securities flags CYI3 to be an outstanding year for FFBL, where AKD Securities expects the company to post NPAT of …
Read More »AKD Quotidian about — Banks: The rerating effect
Karachi, July 16, 2013 (PPI-OT): The listed banking sector has gained 19% since the 50bps cut in DR announced on Jun 21’13. According to AKD Securities in this regard, a valuation multiples’ re-rating appears to be underway with investors eyeing a more palatable operating environment for banks going forward (NIM …
Read More »AKD Quotidian about — DAWH: Piggybacking on ENGRO!
Karachi, July 15, 2013 (PPI-OT): The recent announcement of temporary allocation of 6Ommcfd gas from the Man gas field to Engro Fertilizers has triggered a rally in ENGRO, where AKD Securities expects the latter’s share price to march towards AKD Securities TP of PkR2QB/share. According to AKD Securities the good …
Read More »The Bell about – ENGRO – Incremental gas supply to boost CY13 earnings – Elixir Securities Limited
Karachi, July 15, 2013 (PPI-OT): Gas supply from Mari diverted to Engro fertilizers: According to a notice issued to KSE on Friday, ECC in its last meeting has allocated 60mmscfd of gas to Engro Fertilizers. According to Elixir Securities Limited incrementals gas supply will be provided to the plant until …
Read More »Morning Call about – PTC to post EPS of PKR 1.30, interim dividend a possibility – Arif Habib Limited
Karachi, July 15, 2013 (PPI-OT): PTC in 1HCY13 to post EPS of PKR 1.30 The BoD of Pakistan Telecommunication Company Ltd (PTC) is to announce the 1HCY12 financial results on 16 th of Jul’13. According to Arif Habib Limited expects PTC, on a consolidated basis, to post an EPS of …
Read More »AKD Quotidian about — PTC: 1HCY13 Result Preview and Sector Update
Karachi, July 12, 2013 (PPI-OT): PTC will be announcing its 1HCY13 results on July 16’13. On a consolidated basis, AKD Securities expects the company to post NPAT of PkR7,383mn (EPS: PkR1.45) which would denote growth of 8%YoY. According to AKD Securities does not rule out the possibility of a PkRll …
Read More »AKD Quotidian about — Normalized FY13 auto sales are flat
Karachi, July 11, 2013 (PPI-OT): Total auto sales (Cars and LCVs) in Jun’13 have clocked in at 13,674 units, up 3%MoM. According to AKD Securities as a result, total sales in FY13 have registered at 135,311 units, down 24%YoY. That said, excluding the impact of the Punjab Taxi Scheme, FY13 …
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