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KEL_Analyst Briefing Takeaways, (AKD Off the Analyst's Desk Nov 23, 20...
KEL: Analyst Briefing Takeaways K-Electric Limited (KEL) held its analyst briefing yesterday to apprise investors on the FY22 and 1QFY23 results along with its future outlook. To recall, KEL posted a PAT of PkR8.5bn (EPS: PkR0.31), while posting a LAT of PkR16.4bn (LPS: PkR0.6) in 1QFY23. The management explained the reasons for incurring a loss in the first quarter of the fiscal year, citing impairment losses of PkR7.9bn against doubtful trade debts along with a reduction in units sent o...
- Sharoon Ahmad
K-Electric Limited - Reconsidered MYT Largely Unchanged; Uncertainty S...
The government’s reconsideration request for KEL’s MYT was snubbed by NEPRA as the latter tackled contentions on case by case basis making no material changes. NEPRA contended that the claim of KEL running into losses was false owing to wrong set of assumptions used by the latter. As such, the regulator projected KEL’s earnings under this MYT to stand at PKR0.71/PKR0.75 in FY17/FY18 and gradually recede to PKR0.34 by FY23. Among the notable changes, 1) base tariff was marginally raised to PKR...
- Sharoon Ahmad
K-Electric Limited - Reconsidered MYT Largely Unchanged; Uncertainty S...
The government’s reconsideration request for KEL’s MYT was snubbed by NEPRA as the latter tackled contentions on case by case basis making no material changes. NEPRA contended that the claim of KEL running into losses was false owing to wrong set of assumptions used by the latter. As such, the regulator projected KEL’s earnings under this MYT to stand at PKR0.71/PKR0.75 in FY17/FY18 and gradually recede to PKR0.34 by FY23. Among the notable changes, 1) base tariff was marginally raised to PKR...
KEL: New MYT decision is a “storm in a tea-cupâ€
The process for renewing the MYT (applicable from FY09-16, when Abraaj acquired operating control) has now been extended to 16 months where the first notified tariff was released on March'17 followed by a Motion for Review decision on October'17 followed by today's release of a reconsideration request. Accompanying tables illustrate the next to negligible impact of minor increase in the current decision where the applicable average sale rate of PkR12.8172/KwH vs. PkR12.7706/KwH allowing an incre...
- Topline Research
Flash Note: K-Electric Ltd (KEL): NEPRA notifies Rs12.81/KWH tariff
National Electric Power Regulatory Authority (NEPRA) notified Multi Year Tariff (MYT) of Rs12.81/kwh for 7-years (FY17-23) which is marginally up from Rs12.77/kwh determined in Oct 2017. K-Electric filed a petition to NEPRA for Integrated Multi Year Tariff (IMYT) in Mar-16, before expiration of its existing tariff in FY16, requesting a determination of MYT for 10-years beginning FY17 with an upward revision in MYT from Rs. 15.5/kWh to Rs. 16.10/kWh, an increase of Rs. 0.66/kWh. The regulator...
Power: Performance hinged on T&D losses
Performance evaluation report released recently by NEPRA does not paint an improving picture of the DISCOS and KEL. Highlighting weaknesses both in the performance and reporting of data, the regulator noted that IESCO remained the only DISCO majorly confirming with the targets set by NEPRA. Overall T&D and recovery losses, though slightly improving, hit the national exchequer to an extent of PkR49bn and PkR83bn, respectively. Time frame for new connections also went down for most of the DISCOS a...
A director bought 1,000,000 shares at 7.150PKR and
A director at K Electric Ltd bought 1,000,000 shares at 7.150PKR and the significance rating of the trade was 71/100. 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 ...
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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