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International Industries: 1 director
A director at International Industries bought 40,000 shares at 202.664PKR and the significance rating of the trade was 54/100. 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 y...
- Team AKD Research
Stock Smart Weekly (Dec 04, 2020)
StockSmart Weekly Review The KSE-100 remained buoyant during the outgoing week, where tough measures for containing COVID-19 cases taken the previous week, as well as potential measures to revitalize the IMF program already forgotten by the investors. The exuberance was majorly led by GoP reportedly budgeting US$150mn for procurement of vaccines by 1QCY21. The inflation reading at 8.35% was up by 0.82ppt MoM, where Pakistan now has a nega...
International Industries (INIL): Slower growth and Imports to dent Ear...
We revise down our EPS forecast for International Industries (INIL) by around 25% for FY19/20 to Rs24.6/27.0. Lower earnings are attributed to decline in earnings estimates of International Steels (ISL) by 28%. Please refer to our report on ISL titled as ‘Earnings revised downward; BUY maintained’ on Oct 25, 2018. ISL earnings were trimmed after our visit to Karachi’s steel market, where we observed influx of imported CRC from European, North American, and some Asian countries (including Chin...
International Industries (INIL): 4QFY18 EPS Rs7.06,+12% YoY (-8% QoQ);...
International Industries (INIL) posted earnings of Rs7.06/share during 4QFY18, in line with our expectations. Earnings witnessed growth of 12% YoY due to increase in subsidiary’s (International Steels or ISL) earnings by 10% YoY. To recall, ISL posted higher earnings due to increase in its sales by 43% YoY to Rs12.8bn during 4QFY18. Gross margins of the INIL contracted by 1.9ppts YoY to 15.4% during 4QFY18 due to higher HRC prices and rupee devaluation. During FY18, INIL reported earnings gr...
International Industries (INIL): Earnings revised downward, ‘BUY’ ...
We have revised down our earnings estimate of International Industries (INIL) for FY18, FY19 and FY20 by 2%, 23%, and 33% respectively. Downward revision in earnings is attributed to 1) revision in its subsidiary's International Steel (ISL) earnings, and 2) expectation of slowdown in economy. We revised down earnings of International steels (ISL) by average 18% during our projected years amid oversupply concerns after commencement of new CRC plants by Aisha Steels (ASL) and Siddiqsons Tin Pla...
International Industries (INIL): Beneficiary of construction and auto ...
Investment Thesis: We initiate coverage on International Industries (INIL), Pakistan’s leading producer of tubular steel products with a ‘Buy’ call. We expect INIL to benefit from, 1) growth in International Steel Limited (ISL), which is Pakistan’s leading flat steel manufacturer and adds 81% to INIL’s valuation, 2) rising demand from autos, construction sector, and 3) ongoing construction of Liquefied Natural Gas (LNG) pipelines. After incorporating these factors, we expect INIL to post 3-Yea...
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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