reports
Pakistan OMCs_GRMs remain upbeat, Petrol Subsidy not done yet, (AKD Da...
AKD Daily Pakistan OMCs: GRMs remain upbeat, Petrol Subsidy not done yet Relatively low refinery production globally (~2mn bbl/d less compared to pre-COVID) and increasing seasonal demand for gasoline moving into the summer have once again sent the refinery margins on the uptrend. Even after sharply increasing fuel prices in the previous two petrol price revisions, the authorities have a predicament on their hands once again, due to rising crude and refined product prices globally. Assumi...
Pakistan Refinery_Near term profitability to remain strong
AKD Daily Pakistan Refinery: Near term profitability to remain strong! News of possible ban by Europe on oil imports from Russia and historic low global diesel stocks have sent global diesel prices higher, while spreads are also touching historic highs, standing at USD30.35/bbl for first fifteen days of Apr’22, up 54% on fortnight basis. Refinery cracks for 3QFY22 have improved significantly compared to 2QFY22, with HSD/MS/FO spreads standing at USD11.89/8.58/-18.26/bbl against USD7.17/8.0...
- Team AKD Research
Pakistan Power_Winter fuel mix may tilt towards FO, (AKD Daily, Oct 18...
AKD Daily Pakistan Power: Winter fuel mix may tilt towards FO With commodities experiencing an upswing, cost of generation on coal, FO and RLNG has gone up significantly, the full impact of pass through of which in cost of generation will likely be realized in the beginning of next year. In this backdrop, we map out potential impact on energy costs particularly when there is increasing risks of gas shortage in the coming months. To highlight, the coal still remains slightly cheaper at curr...
- Team AKD Research
Stock Smart Weekly (Sep 24, 2021)
StockSmart Weekly Review Moving along the trend set in motion in previous week, KSE-100 index posted negative performance across the week, closing at 45,073pts whereas the intraday weekly low was marked at 44,788pts. Over the outgoing week, the index cumulatively lost 1,562pts or 3.4% where a 25bps hike in interest rates by the Central Bank with an indication of more hikes in future coupled with month-end volatility, played over market se...
- Team AKD Research
Pakistan Refinery_The much awaited policy finally arrives!, (AKD Daily...
AKD Daily Pakistan Refinery: The much awaited policy finally arrives! In the recently announced Budget FY22, government has included a number of incentives for refinery sector including a 10 year tax holiday on upgradation and establishment of new deep conversion refineries and increasing effective duty protection on MS to 7.5% from 0% while maintaining effective duty protection on HSD at 7.5%. Increase in effective duty protection on MS is materially positive for local refiners in our opin...
- Muhammad Saad Ali
Pakistan Refineries: New Refinery Policy
GOOD INCENTIVES PROPOSED FOR BOTH EXISTING AND NEW REFINERIES A new policy on the horizon The Petroleum Division has reportedly drafted a new policy for the Refining sector in Pakistan, with the aim to foster investment in both new refineries and up-gradation projects by the existing refineries. The Policy also aims to ultimately enable complete deregulation of distribution of petroleum in Pakistan – where the upgraded and modernized refineries will be competing for supplies. The government i...
A director bought 4,000 shares at 483.376PKR and
A director at Attock Refinery bought 4,000 shares at 483.376PKR 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 c...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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