Report
EUR 9.11 For Business Accounts Only

Pakistan Fertilizer_Urea offtakes set to post all-time highs,(AKD Daily, Dec 30, 2022)

AKD Daily

Pakistan Fertilizer: Urea offtakes set to post all-time highs

  • Urea sales for Nov’22 clocked in at 583.1k MT, taking 1MCY22 offtakes to 5.9mn MT, up by 4% compared to SPLY. We expect CY22 to close with north of 6.4mn MT of urea sold in the year, which would culminate into an all-time high for the nutrient.
  • Company wise, FFC’s urea offtake clocked in at 2.2mn MT in 11MCY22 while EFERT’s sales for the month fell by 19%YoY, clocking in at 1.7mn MT sold in the year.
  • DAP sales recorded a significant jump in Nov’22, increasing by 231%MoM. After posting 236.4k MT sold for the month, DAP sales for 11MCY22 have clocked in at 1.0mn MT, which is a decline of 41%YoY.
  • We continue our liking for the sector due to stable dynamics of fertilizer industry, reasonable pass on ability and attractive dividend yield, where EFERT and FFC are our top picks.

 

 AKD Research

Provider
AKD Securities Limited
AKD Securities Limited

AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.

AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.

Other Reports from AKD Securities Limited

ResearchPool Subscriptions

Get the most out of your insights

Get in touch