Tag Archives: AKD Quotidian

Karachi, March 12, 2014 (PPI-OT): USDA recently released its cotton report for March14 wherein Cot look has reduced its global consumption estimates for MY2014/15 (MY: Marketing Year starting August 1st) by 270k bales to 109.21mn bales, resulting in an increase in ending global inventories by 285k bales to 96.75mn bales. According to AKD Securities, USDAs ...

Karachi, March 11, 2014 (PPI-OT): Total auto sales (cars + LCVs) in Feb14 have registered at 12,789 units (+1%YoY/-8%MoM) with car sales clocking in at 11,238 units (-1%YoY/- 6%MoM). According to AKD Securities, as a result, 8MFY14 car sales are up by 3.5%YoY to 76,072 units. HCAR has been the main outperformer, post launch of ...

Karachi, March 07, 2013 (PPI-OT): AKD Securities raise AKD Securities target price for HOL by 6.5% to PKR165/ share following an average 5% increase in AKD Securities EPS estimates across the next 5yrs after better than expected CVI3 results +ve surprises in fee and fx income). According to AKD Securities, going forward, AKD Securities see ...

Karachi, March 06, 2014 (PPI-OT): Total cement dispatches for Feb’14 registered an increase of 4%YoY to 2.1mn tons where local cement dispatches registered an increase of 9%YoY to 2.2mn tons, led by a sharp uptick in dispatches from the north. Exports, however, continued to suffer due to declining off take to Afghanistan resulting in exports ...

Karachi, March 05, 2014 (PPI-OT): While DGKC posted a decline in earnings during 1HFY14; AKD Securities expects a much better result in 2HFY14 due to the sharp decline in coal prices as well as an improvement in cement dispatches. Moreover, recent PKR appreciation vs. the greenback and commencement of operations Of the WHR unit at ...

Karachi, March 04, 2014 (PPI-OT): PSO surprised yet again with its 2QFVI4 result, posting NPAT of PkR8.Obn (EPS: PkR32.4). a growth of 3.gxYoVI4.5%QoO. According to AKD Securities, this brings IHFYI4 NPAT to PkRI5.8bn (EPS: 63.97), a growth of 2.5xYoY. The company held an analyst briefing yesterday to shed light on the result. Amid improved volumetric ...

Karachi, March 03, 2014 (PPI-OT): Despite a late surge, the KSE-100 Index ended Feb14 lower by 3.7%MoM, its first monthly decline since Sep13. According to AKD Securities, while corporate results were largely on track (save for -ve surprises for IPPs), investor sentiment was hurt by an escalation in militant activity that led to airstrikes and ...