The Hub Power Company (HUBC) announced its financial results earlier today, posting earnings of PKR 18,900mn (EPS: PKR 14.07) during 9MFY20, up by 110% YoY compared with earnings of PKR 9,009mn (EPS: PKR 7.16) recorded during 9MFY19. On a quarterly basis, HUBC’s bottom-line shot up by 122% YoY to PKR 5.55/sh during 3QFY20. Earnings growth… Continue reading HUBC – 3Q FY20 Result Review
Author: Anum Qudsia Siddiqui
Daily News: 28th April 2020
Good Morning The Economic Coordination Committee (ECC) of the Cabinet has approved the prime minister’s relief package of Rs50.69 billion for small and medium enterprises (SMEs) through pre-paid electricity and credit loss subsidy of Rs30 billion for the risk sharing facility for the State Bank of Pakistan’s (SBP’s) refinance scheme to support employment and prevent… Continue reading Daily News: 28th April 2020
Economic Forecasts
United Bank Limited (UBL) 1Q2020 conference call takeaways
United Bank Limited (UBL) held a conference call for Analysts and Investors today. The management reviewed 1Q2020 results and gave guidance regarding the future outlook of the bank. Key highlights of the conference call were: -Overall NPLs increased by 12.6%Q/Q to PkR86.3Bn. Domestic NPLs increased by PkR3.7bn largely driven by one big name in the… Continue reading United Bank Limited (UBL) 1Q2020 conference call takeaways
Bank Alfalah Limited (BAFL) 1Q2020 Result: EPS at PkR1.59/sh, -20% below consensus
-Bank Alfalah Limited (BAFL) reported 1Q2020 result today posting Profit after Tax (PAT) of PkR2.8bn or EPS of PkR1.59/sh, down 10%Y/Y and 18%Q/Q. As expected BAFL skipped cash dividend for March quarter. The result is below market consensus of PkR2.00/sh and KASB’s estimate of PkR1.8/sh by 20% and 11% respectively. We expect the stock to… Continue reading Bank Alfalah Limited (BAFL) 1Q2020 Result: EPS at PkR1.59/sh, -20% below consensus
Taiwan: an underdog corona winner
What did Taiwan do differently than the rest of the world to contain the coronavirus? It definitely comes as a surprise that in the long marathon of corona race, Vietnam seems to be the ultimate winner, crossing the finish line by significant margins. Taiwan has only 420 cases with 6 deaths despite the fact that… Continue reading Taiwan: an underdog corona winner
Amreli Steel Limited (ASTL)– Deteriorating GP Margins and higher other charges magnified losses; LPS at PkR 1.26/sh
-Amreli Steel Ltd (ASTL) announced its 3QFY20 result today posting Net Loss after Tax of PkR 379mn (LPS of PkR 1.26/sh) compared to net loss of PkR292mn (LPS of PkR 0.99/sh) reported in 3QFY19. The result was below market consensus of LPS of PkR 0.48/sh. Losses were magnified due to shrinking GP margins higher selling… Continue reading Amreli Steel Limited (ASTL)– Deteriorating GP Margins and higher other charges magnified losses; LPS at PkR 1.26/sh
Daily News:27th Apr 2020
Good Morning The weekly inflation during week ended April 23 against April 16, 2020 on Week-on-Week (WoW) basis witnessed an increase of 0.62 percent for combine income group, from 125.16 points to 125.93 points, the Pakistan Bureau of Statistic (PBS) revealed. Prices of essential kitchens items have witnessed an increasing trend during this past week compared… Continue reading Daily News:27th Apr 2020
Airline industry in hot water
The very premise and essence of 21st century globalization hinged on the smooth communication and ease of travel across the world. Well, I won’t be wrong to say that corona has broken off the neck of airline industry by halting the global air travel, the core of the globalization. According to International Air Transport Association,… Continue reading Airline industry in hot water
How will falling oil prices impact Pakistan?
The command that oil holds over the global economy was evident in 1973, when oil producing Arab nations restricted oil sales during the Yom Kippur war, thus resulting in oil prices quadrupling. Thus, the recent oil market crash leading to a 70% decline in oil prices from $70 per barrel to $20 per barrel is a cause for concern… Continue reading How will falling oil prices impact Pakistan?
