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Karachi, May 14, 2013 (PPI-OT): Fertilizer sector remained dull during CY12 due to various problems, mainly gas unavailability and/or curtailment. According to Arif Habib Limited however, with the commencement of CY13, the profitability of the sector surged (FFC, FFBL, ENGRO 1QCY13 PAT up 192% YoY), mainly owing to better urea …
Read More »Morning Briefing– Stability is good for market – Standard Capital
Karachi, May 13, 2013 (PPI-OT): Investment Case: The simple majority of one political party to form a government in the centre is a good omen. According to Standard Capital was very much expected by local and foreign analyst that a business friendly N league is on course to win. It …
Read More »AKD Quotidian about — Elections 2013: Experience trumps calls for sweeping change
Karachi, May 13, 2013 (PPI-OT): Buoyed by strong anti-incumbency sentiment and unification of the “Muslim League” vote bank, PML-N thwarted the PTI threat in Punjab to emerge as the runaway leader in the National Assembly with 125 seats. According to AKD Securities Pakistan’s vote bank has been galvanized by the …
Read More »Morning Call about – KSE to sail high on peaceful democratic transition – Arif Habib Limited
Karachi, May 13, 2013 (PPI-OT): With an unprecedented turnout ratio at the ballot box (~60%) following endless queues, the ‘change’ for a better Pakistan has finally come through the vote, the essence of a true democracy taking roots in the country. According to Arif Habib Limited the political transition took …
Read More »AKD Quotidian about — PSMC: Estimates Revision and TP Upgrade
Karachi, May 10, 2013 (PPI-OT): Following a better than expected NPAT of PkR362mn (EPS: PkR4.40) in I QCYI3, AKD Securities raise target price for PSMC to PkRI 78/share after raising earnings estimates across AKD Securities forecasts horizon by 36% to 44% as AKD Securities builds in higher gross margins, mainly …
Read More »AKD Quotidian about — FFBL: Improving DAP margins to lift profitability
Karachi, May 09, 2013 (PPI-OT): After a 60%YoY decline in NPAT to PkR4,338mn (EPS: PkR4.64) in CYI2, AKD Securities expects FFBL’s profitability to rebound in CYI3, where AKD Securities highlights improved DAP dynamics and reduction in direct costs and financial charges as key upsides. According to AKD Securities in this …
Read More »Morning Call about – Strategizing for performance turnaround! – Arif Habib Limited
Karachi, May 09, 2013 (PPI-OT): NIB Bank: Strategizing for improvement Yesterday, the top management of the NIB Bank Ltd (NIB) held an analyst briefing where the new management highlighted bank’s overall strategy and the intent going forward to bring in positive changes to the overall performance of the bank. According …
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