Karachi, March 20, 2013 (PPI-OT): The board of directors of Pak Suzuki Motor Company Limited (PSMC) is scheduled to meet on March 21, 2013 to announce the financial result for the year ended December 31, 2012. According to Arif Habib Limited expects the company to earn profit after tax (PAT) …
Read More »AKD Quotidian about — Pakistan Economy: CA slips into the red in Feb’13
Karachi, March 19, 2013 (PPI-OT): The Current Account balance for Feb’13 has registered a deficit of US$596mn, up a sharp 89%MoM bringing the revised SMFYI3 deficit to US$700mn vs. a deficit of US$3,235mn in 8MFYI2. According to AKD Securities in this regard, the 78%YoY shrinkage in the current account deficit …
Read More »Morning Call about – And the culprit is; IMF REPAYMENT! – Arif Habib Limited
Karachi, March 19, 2013 (PPI-OT): Repayment drags the current account into deficit Had there not been the repayment of Feb’13, Arif Habib Limited surely wouldn’t have seen a deficit as huge as USD 596mn during the month. According to Arif Habib Limited with Feb’s deficit, Pakistan’s current account has once …
Read More »AKD Quotidian about — Pakistan Banks: Another rap on the knuckles
Karachi, March 18, 2013 (PPI-OT): The SBP has notified that from Apr 1’13 onwards, all banks will be required to pay interest on savings deposits on average monthly balances. According to AKD Securities considering that some savings products calculate interest on the minimum balance in the month, this regulatory change …
Read More »AKD Quotidian about — NBP: Discounted pricing balanced by low ROE
Karachi, March 15, 2013 (PPI-OT): AKD Securities updates financial model for NBP post release of CYI2 accounts whereby AKD Securities targets price inches up to PkR57.SOfshare (PkR48.50/share after XDXB). According to AKD Securities expects NBP to eke out marginal growth in CY13F, although prospects for positive earnings surprises remain if …
Read More »Morning Call about – Oil consumption down 18% MoM, up 3% YoY in Feb-13 -Arif Habib Limited
Karachi, March 15, 2013 (PPI-OT): Oil sales down a hefty 18% MoM in Feb-13, thanks to deliberate supply cuts Oil sales (excluding non- energy) posted a hefty 18% MoM fall in Feb-13 to 1.4mn tons. According to Arif Habib Limited this massive decline mainly emanated from a gigantic 30% MoM …
Read More »AKD Quotidian about: FATIMA: Payout concerns may overshadow earnings growth
Karachi, March 14, 2013 (PPI-OTFATIMA posted NPAT of PkR6,lllmn (EPS: PkR2.86) in CY12, a sizable growth of 48%YoY led by 2xYoY revenue growth despite margin compression due to higher gas prices. According to AKD Securities however, investor interest in the scrip remained dull as profitability fell short of expectations due …
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