Meezan Bank Limited (MEBL) reported 4Q2019 result earlier today postingProfit after Tax (PAT) of PkR5.5bn or EPS of PkR4.28/sh, up 97%Y/Y and 27%Q/Q. As expected MEBL skipped cash dividend for March quarter. The result is above market consensus of PkR2.84/sh and KASB’s estimate of PkR3.1/sh by 51% and 38% respectively. We expect the stock… Continue reading Meezan Bank Limited (MEBL) 1Q2020 Result-EPS at PkR4.28/sh-beats market consensus
Category: Sector
April’s Petrol & Diesel sales decline 35% & 16% YoY , respectively.
Not a bad start given the entire country was locked down. However, partial resumption of essential & export industries kept the sales ticking. What’s intriguing is the Rural disconnect seemingly functioning near to normal. Either the precautions were not taken or the masses did not strictly follow the instructions. The return of Wheat harvesting season… Continue reading April’s Petrol & Diesel sales decline 35% & 16% YoY , respectively.
MUGHAL 3QFY20 Result – EPS at PkR 0.13/sh-undershoots market consensus
-Mughal Iron & Steel Ltd (MUGHAL) announced its 3QFY20 results earlier today, posting Net Profit after Tax (NPAT) of PkR33mn (EPS of PkR0.13/sh), down 91%Y/Y and 67%Q/Q. The result was below market consensus of PkR0.79/sh. We expect the stock to remain under pressure on the back of subdued earnings driven by higher finance cost. For… Continue reading MUGHAL 3QFY20 Result – EPS at PkR 0.13/sh-undershoots market consensus
Allied Bank Limited (ABL) 1Q2020 conference call takeaways
Allied Bank Limited (ABL) 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: -The management believes the results during 1Q2020 were more reflective of dynamics during 2H2019. Going forward, the bank expects its… Continue reading Allied Bank Limited (ABL) 1Q2020 conference call takeaways
Pakistan State Oil (PSO): inventory losses turns profitability negative
▪ Pakistan State Oil (PSO) reported its 3QFY20 earnings earlier today, where the company announced a loss of PKR 3,426Mn for the quarter (LPS: PKR 7.30/sh), lower than our estimated loss of PKR 0.73/sh. In comparison, the company reported earnings of PKR 6.19/sh in the earlier quarter and PKR 3.57/sh in the same period last… Continue reading Pakistan State Oil (PSO): inventory losses turns profitability negative
Pakistan State Oil (PSO): 3QFY20 to see exchange and inventory losses
▪ Pakistan State Oil (PSO) is scheduled to report its 3QFY20 earnings on Wednesday, April 29, 2020. We expect the company to report Loss after Tax of PKR 344 MN (LPS: PKR 0.73/sh) for the quarter, taking our 9MFY20 earnings expectation to PKR 6,091 MN (EPS: PKR 12.97/sh). ▪ In comparison, the company reported earnings… Continue reading Pakistan State Oil (PSO): 3QFY20 to see exchange and inventory losses
MARI 3Q earnings come in at PKR 63.54/sh, beat expectations
▪ Mari Petroleum Limited (MARI) reported its 3QFY20 earnings earlier today, where Profit after Tax (PAT) came in at PKR 8,477 MN (EPS: PKR 63.54/sh), higher than our expectation of PKR 57.13/sh. The company’s bottomline grew by 16% Q/Q, 47% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 23,225 MN or… Continue reading MARI 3Q earnings come in at PKR 63.54/sh, beat expectations
HUBC – 3Q FY20 Result Review
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
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
