JS Securities Limited Archives - AsiaNet-Pakistan

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JS Securities Limited – Market Wrap

May 20, 2015 | Brokerage

Karachi, May 20, 2015 (PPI-OT): KSE-100 Today – Key information KSE – 100 Index KSE-100 Index (May 20, 2015) 32,599.00 Change from last closing (130.55) Change from last closing (%) -0.40% YTD (Since Dec 31, 2014) 1.46% 12 Month High (Feb 03, 2015) 34,826.51 12 Month Low (Aug 28, 2014) 27,774.43 12 Month Average 31,254.29 …

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JS Securities Limited – Weekly review

May 15, 2015 | Brokerage

Karachi, May 15, 2015 (PPI-OT): KSE remains jittery as benchmark index closes 2% WoW down The market’s sentiments remained jittery during the outgoing week, where on Monday Karachi Stock Exchange (KSE) shed over 1,000 points due to rumours of NAB and SECP becoming active in investigating insider trading. Political instability mainly marked by polling recount …

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JS Securities Limited – KSE fails to gain traction in spite of encouraging S and P and Moody’s review

May 8, 2015 | Brokerage

Karachi, May 08, 2015 (PPI-OT): In spite of S and P raising outlook on Pakistan to positive from stable and Moody’s flagging Pakistan’s improving external liquidity position in its latest report, the equity markets failed to gain traction during the outgoing week. This was largely due to (1) one notch higher political uncertainty after the …

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JS Securities Limited – Government has potentially raised deemed duty on HSD for refineries

May 4, 2015 | Brokerage

Karachi, May 04, 2015 (PPI-OT): As per media reports, ECC has raised regulatory duty on High Speed Diesel (HSD) for refineries from 7.5% to 10% effective from Jun 1, 2015. JS Securities Limited understands, as per JS Securities Limited’s discussions with some industry sources, this is the deemed duty the government has raised. The move …

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JS Securities Limited – FABL: 1Q2015 EPS stood at Rs1.57, up 4.3x YoY

April 29, 2015 | Brokerage

Karachi, April 29, 2015 (PPI-OT): Faysal Bank Ltd (FABL) announced its 1Q2015 result today posting a PAT of Rs1.88bn (EPS: Rs1.57), against PAT of Rs433mn reported in 1Q2014. Headline earnings surpassed JS Securities Limited’s expectations of Rs0.57/share on the back of whopping Gain on Sale of Securities of Rs1.27bn against Rs95mn in 1Q2014, however core …

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JS Securities Limited – NBP: 1Q2015 EPS stood at Rs1.54

April 29, 2015 | Brokerage

Karachi, April 29, 2015 (PPI-OT): National Bank of Pakistan (NBP) announced its 1Q2015 result today posting a PAT of Rs3.28bn (EPS: Rs1.54), against PAT of Rs3.15bn reported in 1Q2014. Core earnings net of provisions came in line with JS Securities Limited’s expectations; however surprise to the street was the hefty gains on sale of securities. …

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JS Securities Limited – Oil sector lead market gains, KSE-100 up 3% WoW

April 10, 2015 | Brokerage

Karachi, April 10, 2015 (PPI-OT): The Karachi Stock Exchange (KSE) extended last week’s gains to close the week 3% WoW higher at 32,351 with trading volumes averaging at 240mn shares/day (-5% WoW). Foreigners turned net sellers during the outgoing week, with net foreign selling of US$6mn vis-à-vis net buying of US$4mn the preceding week. Heavy-weight …

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JS Securities Limited – Morning Briefings

March 27, 2015 | Brokerage

Karachi, March 27, 2015 (PPI-OT): Banks: 1-7% drag on valuations by 50bps discount rate cut JS Securities Limited continues to like Pak Banks despite another 50bps cut in discount rate by the State Bank of Pakistan (SBP). JS Securities Limited believes recent underperformance of the banking sector remains unjustified given a muted 1-7% valuations impact …

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JS Securities Limited – LUCK: 1HFY15 EPS at Rs17.32, up 9% YoY

February 23, 2015 | Brokerage

Karachi, February 23, 2015 (PPI-OT): Lucky Cement (LUCK) announced 1HFY15 results today, where the company posted earnings of Rs5,601mn (EPS: Rs17.32), up 9% YoY. In 2Q alone, earnings clocked in at Rs9.07/share, a growth of 12% YoY/ 10% QoQ. Earnings are slightly lower than JS Securities Limited’s estimates, as gross margins clocked in at 44% …

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JS Securities Limited – INDU: 1HFY15 EPS at Rs39.99, up 132% YoY

February 20, 2015 | Brokerage

Karachi, February 20, 2015 (PPI-OT): Indus Motor Company Limited (INDU) announced 1HFY15 results today, where the company posted earnings of Rs3,143mn (EPS: Rs39.99), up 132% YoY. The result was in-line with JS Securities Limited’s expectation of Rs2,958mn (EPS: Rs37.63). The company also announced an interim cash dividend of Rs20/share. In 2Q alone, earnings clocked in …

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JS Securities Limited – DGKC: 1HFY15 EPS at Rs7.75, up 27% YoY

February 17, 2015 | Brokerage

Karachi, February 17, 2015 (PPI-OT): DG Khan Cement (DGKC) announced 1HFY15 results today, where the company posted earnings of Rs3,394mn (EPS: Rs7.75), up 27% YoY. In 2Q alone, earnings clocked in at Rs5.10/share, a growth of 40% YoY/ 93% QoQ. Earnings are better than JS Securities Limited’s and street estimates led by lower than expected …

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JS Securities Limited – 1HFY15 EPS at Rs1.21, up 33% YoY

February 16, 2015 | Brokerage

Karachi, February 16, 2015 (PPI-OT): Fauji Cement (FCCL) announced 1HFY15 results today, where the company posted earnings of Rs1,668mn (diluted EPS: Rs1.21), up 33% YoY. Earnings are slightly above JS Securities Limited’s estimates on the back of better-than-expected gross margins, clocking in at 35.2%, up 152bp YoY. The company also announced an interim payout of …

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