Tag Archives: AKD Securities Limited

Karachi, March 24, 2015 (PPI-OT): In line with AKD Securities Limited’s expectations, the SBP (State Bank of Pakistan) in its latest MPS (Monetary Policy Statement) has reduced the policy rate by 50bps to 8%. The SBP’s decision to continue with its on-going monetary easing stance received support from improving macro-economic indicators such as: 1) considerable ...

Karachi, March 18, 2015 (PPI-OT): Backed by the Govt decision to reduce its GST (General Sales Tax) rate on petroleum products (barring HSD) in order to maintain prices coupled with the high base effect of CPI based inflation, AKD Securities Limited estimates headline inflation for Mar’15 to read at ~2.52%YoY (+ve 0.25%MoM). This compares favourably ...

Karachi, March 17, 2015 (PPI-OT): Two years since the one off payment of PkR500bn was made by the present gov’t with the aim of eradicating circular debt and curtailing the power deficit. Yet, the marked differential between cost of generation vs. bill receivables has risen, despite tariff rationalization in Oct’13 coupled with high T and ...

Karachi, March 16, 2015 (PPI-OT): With the GoP assuring IMF that gas prices will be rationalized w.e.f April 15, a swift wave of negativity has swept across the fertilizer sector in particular. The sector, which remained the star performer since the turn of the year (up 12.66% CY15TD), has failed to outpace the broader market ...

Karachi, February 24, 2015 (PPI-OT): NML has posted unconsolidated NPAT of PkR1.54bn (EPS: PkR4.38) in 2QFY15 vs. NPAT of PkR2.28bn (EPS: PkR6.49) in 2QFY14, down by 32%YoY. However, 2QFY15 results were above AKD Securities Limited’s projected NPAT of PkR1.28bn (EPS: PkR3.64), with the deviation due to higher ‘other income’, which clocked in at PkR1.50bn (17% ...

Karachi, February 24, 2015 (PPI-OT): HBL: Poised to cross MCB in market cap terms! Having posted robust 39%YoY growth in CY14, AKD Securities Limited believes HBL will continue on a double-digit growth trajectory going forward. In this regard, AKD Securities Limited raises AKD Securities Limited’s EPS estimates across CY15F-CY19F by 10% on average while upping ...

Karachi, February 23, 2015 (PPI-OT): Nishat Mills limited (NML) and Nishat Chunian Limited (NCL) are scheduled to announce their 2QFY15 results tomorrow. AKD Securities Limited expects NML to post net earnings of PkR1.28bn (EPS: PkR3.64) in 2QFY15 vs. NPAT of PkR2.28bn (EPS: PkR6.49) in 2QFY14, down by 44%YoY. Due to subdued top-line (down by 5.1%YoY) ...