-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
Category: Sector
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
OGDC 3Q earnings come in at PKR 7.08/sh, beat expectations
Oil & Gas Development Company Limited (OGDC) reported its 3QFY20 earnings earlier today, where Profit after Tax (PAT) came in at PKR 30,466 MN (EPS: PKR 7.08/sh), higher than our expectation of PKR 6.01/sh. The company’s bottomline grew by 17.8% Q/Q, 6.7% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 83,651… Continue reading OGDC 3Q earnings come in at PKR 7.08/sh, beat expectations
Attock Petroleum Limited (APL): 3QFY20 LPS of PKR 7.14/sh, lower than expectations
Attock Petroleum Limited (APL) reported its 3QFY20 earnings earlier today, where the company reported a loss of PKR 710 MN (EPS: PKR -7.14/sh) for the quarter, against our expectations of a profit of PKR 2.74/sh, compared to earnings of PKR 3.57/sh in the earlier quarter and PKR 2.86/sh in the same period last year. ▪… Continue reading Attock Petroleum Limited (APL): 3QFY20 LPS of PKR 7.14/sh, lower than expectations
LUCK – Lower retention subdues profitability during 3Q
Lucky Cement Limited (LUCK) announced its financial results earlier today, posting earnings of PKR 2,935mn (EPS: PKR 9.08) during 9MFY20, down 65% YoY compared with earnings of PKR 8,294mn (EPS: PKR 25.65) registered during 9MFY19. On a quarterly basis, earnings dipped by 64% YoY to PKR 999mn (EPS: PKR 3.09) during 3QFY20. Earnings attrition can… Continue reading LUCK – Lower retention subdues profitability during 3Q
United Bank Limited (UBL) 1Q2020 Result: EPS at PkR3.98/sh-6.5% above consensus
United bank Limited (UBL) reported 1Q2020 result today posting consolidated Profit after Tax (PAT) of PkR4.9bn or EPS of PkR3.98/sh, up 21%Y/Y. Along with this, UBL paid out PkR2.5/sh as dividend. The result is above market consensus of PkR3.74/sh and KASB’s estimate of PkR3.61/sh by 6.5% and 10.3% respectively. We expect the stock to… Continue reading United Bank Limited (UBL) 1Q2020 Result: EPS at PkR3.98/sh-6.5% above consensus
PPL reports earnings of PKR 5.20/sh for 3QFY20, beating expectations
▪ Pakistan Petroleum Limited (PPL) reported its 3QFY20 earnings earlier today, reporting Profit after Tax (PAT) of PKR 14,151 MN (EPS: PKR 5.20/sh), higher than our expectation of PKR 4.85/sh. The company’s bottomline grew by 40% Q/Q, 2.8% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 38,595 MN or PKR 14.18/sh,… Continue reading PPL reports earnings of PKR 5.20/sh for 3QFY20, beating expectations
POL 3Q earnings come in at PKR 5.20/sh, beat expectations
▪ Pakistan Oilfields Limited (POL) reported its 3QFY20 earnings earlier today, reporting Profit after Tax (PAT) of PKR 5,379 MN (EPS: PKR 18.95/sh), higher than our expectation of PKR 16.55/sh. The company’s bottomline grew by 17.9% Q/Q, 63.6% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 13,947 MN or PKR 49.13/sh,… Continue reading POL 3Q earnings come in at PKR 5.20/sh, beat expectations
Habib Bank Limited (HBL) 1Q2020 conference call takeaways
Habib Bank Limited (HBL) held a conference call for Analysts and Investors today. The management reviewed 1Q2020 results and gave guidance regarding the bank’s outlook. Key highlights of the conference call were: -Operating expenses increased drastically in 1Q2020 due to costs related to closure of New York branch—approx. 24-25mn USD (PKR 4bn). The bank initially… Continue reading Habib Bank Limited (HBL) 1Q2020 conference call takeaways
Consensus achieved over PKR 50/bag hike in cement prices
Based on channel checks, cement manufacturers have come to a consensus over the industry’s pricing levels, agreeing to hike domestic prices by PKR 50/bag. This hike is anticipated to be effective tomorrow and will likely take domestic prices to PKR 550/bag. This increase comes ahead of the projected acceleration in construction activity subsequent to the… Continue reading Consensus achieved over PKR 50/bag hike in cement prices
