Hascol Petroleum

Hascol Petroleum Ltd. Hascol Petroleum Limited is a Pakistan-based company, which is engaged in procurement, storage and marketing of petroleum and related products. The Company is involved in the sale of petroleum products, such as fuel oil, high speed diesel, gasoline, Jet A-1, liquefied petroleum gas (LPG) and lubricants. The Company offers products, such as Tiger Super, Rocket Diesel and Furnace Oil. The Company offers Fuchs Lubricants products, which include corrosion preventives, quenching oils, industrial lubricants, open gear lubricants, greases, automotive oil and metal working fluids. The Company also markets LPG as an automotive fuel through its retail network. The Company is engaged in owning, leasing and renting oil storage facilities, as well as importing petroleum products. The Company has storage facilities at Machike, Shikarpur and Daulatpur. The Company sells its product to dealers, government agencies and autonomous bodies, independent power project and other corporate customers.
  • TickerHASCOL
  • ISINPK0108001014
  • ExchangePakistan Stock Exchange
  • SectorOil & Gas Producers
  • CountryPakistan

Pakistan OMCs: Tough time to grow (AKD Daily, May 19, 2020)

Depressed volumes directly softened throughput levels, with 1QCY20 retail volumes at 3.SHEL/APL/PSO delivered throughput levels of 574/490k/523k/0mn tons, down 21%QoQ largely due to a 32%QoQ decrease in HSD, owing to players limiting product in storage to mitigate against fluctuating oil prices and COVID-19 containment restrictions put in place during the period Company-wise, HASCOL/402k ltrs/outlet, moving -17.7%/-12.6%/-17.6%/-26.0%QoQ and -39.8%/-20.9%/-17.7%/-11.7%YoY taking total average industry throughput -22.5%QoQ/-19.4%YoY to 463K lts/outlet. Sectoral demand figures indicate the has...

Muhammad Saad Ali

Pakistan OMCs: Good pick-up in HSD sales moderate overall decline

As per provisional data, overall OMC sales declined by 36% yoy (up 6% mom) to 1.06mn tons during April 2020. This was the first full month of lockdown in Pakistan (in place since 24 March). The true impact of the lockdown was seen in Mogas sales which fell 36% yoy and 19% mom, where the fuel is mostly used by retail consumers. HSD, on the other hand, rose 43% mom (down 16% yoy) due to demand from the agriculture sector (Rabi crop harvesting) and lower availability of imports from Iran (border...

Muhammad Saad Ali

Pakistan OMCs: Industry sales fall to lowest level in six years

As per provisional data, OMC sales declined by 31% yoy (down 9% mom) to 1.0mn tons during March 2020.Even excluding Furnace oil (FO), petroleum consumption was down 26% yoy. This is the sharpest yoy decline during the past two years amid economic slowdown, where recent government measures to curb the Covid-19 outbreak exacerbated the decline. Schools were closed and a countrywide lockdown stalled most industrial and commercial activity. Industry HSD sales fell 33% yoy in March 2020, while Mog...

Hascol Petroleum Ltd: 1 director sold

A director at Hascol Petroleum Ltd sold 440,500 shares at 10.710PKR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

Shahrukh Saleem

Pakistan OMCs: Demand stuck in limbo,(AKD Daily, Feb 06, 2020)

Pakistan OMCs: Demand stuck in limbo Jan'20 volumetric offtake clocked in at 1.3mn tons, moving -1.8%MoM/-13.4%YoY with MS being the only silver lining (increasing by 1.1%YoY) while FO/HSD sales declined by 39.9/11.0%YoY continuing MoM descent into a third consecutive month. For 7MFY20, volumes of 10.1mn tons fell 5.8%YoY exhausted by weak power demand (cumulative FO sales dip 22.8%YoY), where monthly average sales dropped to 199k tons vs. 257k tons during 7MFY19 as five of seven months suffered from lower YoY offtake In terms of market shares, PSO/APL/HASCOL account for market shares of ...

Ali Asghar Poonawala

OMCs_1QCY18 Retail Operations Update

Transportations sector demand continues to remain firmly in the driver seat for OMC volumes, as power sector demand takes the long spiral down (secular, gradual decline in FO sales, where we expect FY19-21F sales declining at CAGR of 21%). Throughput calculations suggest an uptrend in retail volumes moved, where the industry's average quarterly volume sales per outlet stood at 828.6K ltrs/outlet (+18%QoQ/+10%YoY). Daily average throughput per retail output clocked at 9,207ltrs/day where 10.3%YoY climb drives home the growth of supply chain and storage to buttress growing retail POL volumes. HA...

Pakistan OMCs: Tough time to grow (AKD Daily, May 19, 2020)

Depressed volumes directly softened throughput levels, with 1QCY20 retail volumes at 3.SHEL/APL/PSO delivered throughput levels of 574/490k/523k/0mn tons, down 21%QoQ largely due to a 32%QoQ decrease in HSD, owing to players limiting product in storage to mitigate against fluctuating oil prices and COVID-19 containment restrictions put in place during the period Company-wise, HASCOL/402k ltrs/outlet, moving -17.7%/-12.6%/-17.6%/-26.0%QoQ and -39.8%/-20.9%/-17.7%/-11.7%YoY taking total average industry throughput -22.5%QoQ/-19.4%YoY to 463K lts/outlet. Sectoral demand figures indicate the has...

Muhammad Saad Ali

Pakistan OMCs: Good pick-up in HSD sales moderate overall decline

As per provisional data, overall OMC sales declined by 36% yoy (up 6% mom) to 1.06mn tons during April 2020. This was the first full month of lockdown in Pakistan (in place since 24 March). The true impact of the lockdown was seen in Mogas sales which fell 36% yoy and 19% mom, where the fuel is mostly used by retail consumers. HSD, on the other hand, rose 43% mom (down 16% yoy) due to demand from the agriculture sector (Rabi crop harvesting) and lower availability of imports from Iran (border...

Muhammad Saad Ali

Pakistan OMCs: Industry sales fall to lowest level in six years

As per provisional data, OMC sales declined by 31% yoy (down 9% mom) to 1.0mn tons during March 2020.Even excluding Furnace oil (FO), petroleum consumption was down 26% yoy. This is the sharpest yoy decline during the past two years amid economic slowdown, where recent government measures to curb the Covid-19 outbreak exacerbated the decline. Schools were closed and a countrywide lockdown stalled most industrial and commercial activity. Industry HSD sales fell 33% yoy in March 2020, while Mog...

Hascol Petroleum Ltd: 1 director sold

A director at Hascol Petroleum Ltd sold 440,500 shares at 10.710PKR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

Shahrukh Saleem

Pakistan OMCs: Demand stuck in limbo,(AKD Daily, Feb 06, 2020)

Pakistan OMCs: Demand stuck in limbo Jan'20 volumetric offtake clocked in at 1.3mn tons, moving -1.8%MoM/-13.4%YoY with MS being the only silver lining (increasing by 1.1%YoY) while FO/HSD sales declined by 39.9/11.0%YoY continuing MoM descent into a third consecutive month. For 7MFY20, volumes of 10.1mn tons fell 5.8%YoY exhausted by weak power demand (cumulative FO sales dip 22.8%YoY), where monthly average sales dropped to 199k tons vs. 257k tons during 7MFY19 as five of seven months suffered from lower YoY offtake In terms of market shares, PSO/APL/HASCOL account for market shares of ...

Shahrukh Saleem

Pakistan OMCs: Much ado about margins,(AKD Daily, Nov 11, 2019)

After a delay of five months, Economic Coordination Committee (ECC) finally accorded approval to revision in OMC margins, setting them at PkR2.81/liter for MS and HSD for rest of FY20 (effective Dec’19) — increasing by 6.4%. Margin revision did not compensate OMCs for the delay where we had already incorporated margins of PkR2.77/liter for FY20 vs. now applicable weighted average margins of PkR2.74 resting lower than our estimates, pruning earnings of PSO/APL by 1.5/1% (avg. FY20-22). Though chances of passing the proposal for incorporation of exchange losses into the pricing mechanism remai...

Shahrukh Saleem

PSO & HASCOL: Result Previews, (AKD Daily, Aug 27, 2019)

PSO – inventory gains to uplift the gross profit by 76%QoQ: We expect PSO to post an EPS of PkR27.85 for FY19, down 30%YoY despite expected inventory gains of PkR863mn for FY19 being higher than PkR294mn for FY18 as higher exchange losses and significant volumetric decline of 38%YoY took their toll. For 4QFY19, an EPS of PkR12.70 is expected, up 1.96/1.22x QoQ/YoY, on the back of substantial inventory gains after ex-refinery prices of MS/HSD went up by 30/21% on the back of increase in oil prices and PkR depreciation. FE-25 provides protection to PSO against PkR depreciation resulting in expec...

Team AKD Research

Pakistan OMCs: What's happening in the downstream space, (AKD Daily Aug 22, 2019)

Faced with a range of macro-headwinds and a drastically different 'FO-lite' operational environment, we assess the shifts taking place in the operational strategy for domestic OMCs, while coloring our analysis with expected shifts in the regulatory environment . Based on our conversation with industry participants and managements of listed players, we highlight three major trends taking shape, namely: 1) constrained CAPEX with a focus on forecourt retail expansion/upgradation as opposed to the prior focus on storage and 2) negotiations with OGRA to enhance monthly import parity pricing mechan...

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