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Karachi, November 17, 2014 (PPI-OT): Economy: DR cut by 50 bps; a positive for equities Discount rate cut by 50bps: SBP slashed Discount rate (DR) by 50bps eyeing substantial slowdown in inflationary pressures in the backdrop of falling international commodity prices (particularly oil), lower administered prices, smooth food supplies and high base effect. SBP assesses ...
Read More »The Bell about TGL: Investment case remains strong despite poor 3Q results – Elixir Securities Limited
Karachi, May 06, 2014 (PPI-OT): Fuel and power costs battered bottom-line in 3Q: TGL announced its 3QFY14 results last week posting LPS of PKR3.29, against EPS of PKR0.91/sh during the same period last year. Operating results were significantly lower than expected because of low gas availability. Key factors behind Fuel and Power cost hike: Although ...
The post The Bell about TGL: Investment case remains strong despite poor 3Q results – Elixir Securities Limited appeared first on Business News Pakistan.
Read More »The Bell about Construction and Materials – Elixir Securities Limited
Karachi, January 01, 2014 (PPI-OT): FCCL: Positives overplayed; downgrade to Sell According to Elixir Securities Limited, Cements have rallied due to cement price hikes and expectations of better volumes Cement sector has outperformed the benchmark index by 6pp during Dec-13 owing to increase in cement prices in the south amid improving dispatches and expectations of ...
Read More »The Bell about Chemicals – Elixir Securities Limited
Karachi, December 26, 2013 (PPI-OT): FFBL: Downgrade to hold on stellar price performance Strong 4Q results likely… FFBL is expected to post DAP and urea sales of 340k tons (+38% YoY) and 18k tons (-78% YoY) respectively during 4QCY13. According to Elixir Securities Limited, despite strong DAP off take, 4QCY13 EPS shall clock in at ...
Read More »The Bell about – ENGRO – Incremental gas supply to boost CY13 earnings – Elixir Securities Limited
Karachi, July 15, 2013 (PPI-OT): Gas supply from Mari diverted to Engro fertilizers: According to a notice issued to KSE on Friday, ECC in its last meeting has allocated 60mmscfd of gas to Engro Fertilizers. According to Elixir Securities Limited incrementals gas supply will be provided to the plant until …
Read More »The Bell about – FCCL: Downgrade to hold on strong price performance – Elixir Securities Limited
Karachi, June 04, 2013 (PPI-OT): Stellar earnings in 9MFY13: Fauji Cement Company Limited (FCCL) posted profit of PKR1,570mn (EPS: PKR1.18) for 9MFY13, up 10x YoY . According to Elixir Securities Limited sharp increase in profitability was attributable to 1.0x higher EBITDA margin during 9MFY13. Profit for 3QFY13 was PKR647mn (EPS: …
Read More »The Bell about –KOHC: Deleveraging and margin/volume growth to drive rerating – Elixir Securities Limited
Karachi, May 14, 2013 (PPI-OT): Profitability growth continued in 9MFY13: Kohat Cement Company Limited (KOHC) posted profit of PKR1.9bn (EPS: PKR14.8) in 9MFY13, up 91% YoY. 3QFY13 earnings clocked in at PKR732mn (EPS: PKR5.7), up 64% YoY. According to Elixir Securities Limited strong growth in earnings was primarily driven by …
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