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Karachi, May 08, 2013 (PPI-OT): FFC posted NPAT of PkR4,glOmn (EPS: PkR3.86) in IQCYIS inline with expectations where AKD Securities maintains CYI3F earnings estimate. According to AKD Securities continues to prefer FEC within the fertilizer sector led by low risk business dynamics, leading to compelling returns for the year. In …
Read More »Morning Call about – CCP’s Penalty and the ICH Dilemma on earnings going forward – Arif Habib Limited
Karachi, May 08, 2013 (PPI-OT): CCP’s penalty and the ICH case background Competition Commission of Pakistan (CCP) had last week announced its verdict by nullifying the arrangement ICH arrangement (which was initially dissolved but still prevalent with new ICH call rates). According to Arif Habib Limited it has also imposed …
Read More »AKD Quotidian about — UBL: TP upgrade after strong 1QCY13 performance
Karachi, May 07, 2013 (PPI-OT): While UBL’s IQCYI3 NPAT of PkR4.68bn (EPS: PkR3.82) was lower by 4%YoY, the result came in 16% above consensus expectations. According to AKD Securities although results contained a sizeable one-off capital gain, AKD Securities sees enough in terms of 1) balance sheet growth, 2) asset …
Read More »Morning Call about – Fertilizer profitability rebounds in 1QCY13 with shining outlook! – Arif Habib Limited
Karachi, May 06, 2013 (PPI-OT): Fertilizer sector starts CY13 with bumper surge in the profitability in comparison with the corresponding period last year. According to Arif Habib Limited this took place due to: i) better availability of gas for ENGRO along with the efficiency from diversion of gas to EnVen, …
Read More »AKD Quotidian about — Soft inflation may not revive easing
Karachi, May 03, 2013 (PPI-OT): CPI forApr’13 has clocked in at 5.8%YoYvs. 6.6%YoY in the previous month. At the same time, Core (trimmed mean) inflation has dropped to 7.6%YoY vs. 8.4%YoY in Apr’13. According to AKD Securities this brings 1OMFY13 CPI average to 7.8%VoY. However, CPI is up 1.1%MoM where …
Read More »Morning Call about – CPI to average ~7.5% in FY13, room for a rate cut in sight – Arif Habib Limited
Karachi, May 03, 2013 (PPI-OT): CPI up 5.80% YoY in Apr ’13, marks 1.1% MoM rise Inflation for the month of April 2013 touched 9-year low clocking in at 5.8% YoY. According to Arif Habib Limited this, however, marks a 1.1% MoM rise in the overall inflation. Prior month saw …
Read More »AKD Quotidian about — Pakistan Market: Apr’13 Review and Outlook
Karachi, May 02, 2013 (PPI-OT): The KSE-100 Index gained 5.2% in Apr’13 to close at 18,982 points, bringing CYI3TD gains to 12.3%. According to AKD Securities the strong gains during the month coincided with the corporate result season, where resilient profitability overcame macroeconomic and political concerns. Market volumes during Apr’13 …
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