TELE_9MFY21 Analyst Briefing takeaways, (AKD Daily, May 05, 2021)
AKD Daily
TELE: 9MFY21 Analyst Briefing takeaways
- TELE held its analyst briefing yesterday to apprise investors about company’s financial performance and future outlook. To recall, company posted PAT of PkR335mn (EPS: PkR1.11) for 9MFY21 against LAT of PkR41mn (LPS: PkR0.14) for 9MFY20.
- Company’s revenue declined by 6.9%YoY for 9MFY21 as renegotiated terms of contracts set-in however, management is of view that majority of this business is recurring, particularly the topline witnessed in 3QFY21.
- Commenting on the future outlook, company stated 3QFY21 results to be more representative of the future as renegotiations with vendors during 1HFY21 led to abnormal gross margins. Management highlighted SuperSecure and Super Infra as the two subsidiaries with the highest potential for growth.
- Company is expecting renewal and revision of Digital Pakistan Policy 2018 and development of Pakistan CyberSecurity Policy as key in order to provide a pathway for future growth. Moreover, growing broadband customer base, upcoming 4G spectrum auction, and 5G rollout will accelerate online presence of business where company continues to work with leading mobile network providers.
AKD Research
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.
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