Karachi, February 28, 2013 (PPI-OT): Following strong 29%VoY growth in CY12, AKD Securities increases Elixir Securities Limited EPS estimates for UBL by -4% on average across Elixir Securities Limited forecasts horizon and rollover Elixir Securities Limited models for a revised target price of PKRI12.5lshare, up from PKR100/share previously. According to …
Read More »AKD Quotidian about — Jan’13 Fertilizer Off take Update
Karachi, February 27, 2013 (PPI-OT): Urea sales for Jan’13 clocked in at 517k tons, down by 15%YoY. Importantly, the 15%YoY fall in sales was due to significant decline in imported urea sales. According to AKD Securities on a company wise basis, ENGRO was the notable gainer, with urea sales surging …
Read More »AKD Quotidian about — CPI Preview Feb’13
Karachi, February 26, 2013 (PPI-OT): Having registered at 8.O7%YoY/1.67%MoM in Jan’13, the highest sequential increase in 2yrs, AKD Securities now expect CPI to depict a modest O.2%MoM uptick (SPI suggests MoM decline of -0.5%), which will lead Feb’13 CPI to clock in at 7.97%YoY. According to AKD Securities this will …
Read More »AKD Quotidian about — Banks: CY13 kicks off with sharply lower spreads
Karachi, February 25, 2013 (PPI-OT): Re-pricing risk is clearly manifesting with Jan’13 weighted average spreads registering at 6.21%, down by 33bps MoM and by 116bps VoY, and against the 4QCYI2 average level of 6.66%. According to AKD Securities this level of spreads has not been witnessed since mid-Jun’05 and is …
Read More »AKD Quotidian about — Pakistan Market: Make hay while the sun shines!
Karachi, February 22, 2013 (PPI-OT): The benchmark KSE-100 Index crossed the 18,000 points mark in intraday trade today, with CVTD gains expanding to 6.0%, amidst excitement over ongoing results season (CVI 2/1HFY13) that has successfully countered political noise/weak external position. According to AKD Securities the bull run extension has been …
Read More »AKD Quotidian about — 7MFY13 Textile export review and NML result preview
Karachi, February 21, 2013 (PPI-OT): According to export figures released by SBP, textile exports clocked in at US$1 .lbn in Jan’13, up 15% sequentially, while cumulative textile exports for 7MFYI3 came in at US$7.46bn(-2%YoY). According to AKD Securities yarn exports continued their impressive run (+29%MoM) fuelled by imports from China. …
Read More »AKD Quotidian about — Pak Telcos – Exploring the GCC connection!
Karachi, February 20, 2013 (PPI-OT): Of the four telecom companies listed at the KSE, three (PTC, WTL and WTCL) have significant Gulf-based ownership. According to AKD Securities in today’s Daily, AKD Securities have highlighted some of the developments regarding PTC and WTL with regards to the recent result announcements of …
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