AKD Daily Technicals KSE-100_Remains range bound The index opened on a negative note and a range bound activity witnessed. The local bourse posted an intraday low of 177pts, a high of 52pts and concluded with a marginal loss of 15pts to settle at 41,553pts level. The volumes witnessed in the last trading session were slightly higher than the previous trading session. A doji star candle occurred. This is usually considered a reversal signal but confirmation of the candle is dependent on the n...
AKD Daily Technicals KSE-100: Faces a bullish session The index opened on a slightly positive note and faced bullish session. The local bourse posted an intraday high of 444pts and concluded with a gain of 183pts to settle at 41,736pts level. The volumes witnessed in the last trading session were lighter than the previous trading session. The local bourse closed above the lower band by 22.2%. Bollinger Bands are 15.76% narrower than normal. Volume indicators reflect volume flowing into and o...
AKD Daily Technicals KSE-100: Declines amidst good volumes The index opened on a positive note and remained bearish throughout the last trading session. The local bourse posted an intraday low of 1,093pts and concluded with a loss of 923pts to settle at 41,315pts level. The volumes witnessed in the last trading session were heavier than the previous trading session. The local bourse s currently 8.2% below its 200-period moving average and is in an downward trend. Volatility is high as compar...
Market View — TechnicalThe index opened with a negative bias and remained bearish throughout the last trading session. The local bourse posted an intraday low of759pts and concluded with a loss of 661pts to settle at 42,440pts level. The current formation on candlestick chart implies a continuation of abearish trend. A falling window candlestick occurred in the last trading session and the last two preceding candlesticks were black whichmakes the current pattern bearish.The chart formation depic...
We change our recommendation to SELL on Fauji Foods Limited (FFL) due to a downward earnings revision for CY18, where we expect the gross margins to drag the profitability. Resultantly, we slash our Jun-19 PT to PKR 30/share, which indicates a downside of 11% from LDCP. We expect FFL liquid products’ sales to grow 57% YoY during CY18 on the back of increase in both UHT milk and Tea Whitener sales. Company’s market share in both the categories is likely to settle in at 7.0% and 24.0%, resp...
IMS Food Universe (EFOODS, NESTLE, NATF and UPFL) posted combined 1QCY18 NPAT of PRs3.9bn, down 12%YoY (incl. FFL: down 17%YoY). Dairy company profits dropped 15%YoY (NESTLE- Dairy segment, EFOODS and FFL) while non-dairy results (NESTLE- Beverages, NATF and UPFL) depicted a 13%YoY decline; UPFL outperformed. Dairy players, Nestle (dairy) and particularly FFL reported a 6%/54%YoY jump in revenue, on expanding UHT footprint, although translation bottlenecks remain for FFL (1QCY18 LPS: PRs1.17 ...
A director at Fauji Foods Ltd sold 235,500 shares at 39.580PKR and the significance rating of the trade was 55/100. 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 clearl...
IMS Food Universe (EFOODS, NATF, UPFL and FFL) posted combined CY17 NPAT of PRs239mn, down a massive 94%YoY. Dairy companies reported a net loss in CY17 while non-dairy players depicted an 8%YoY rise in profits. Although both dairy players EFOODS and FFL reported net loss in 4QY17, FFL gained significant market share in both UHT and Tea whitener category while EFOODS dairy volumes dropped significantly, reflecting in 25%YoY revenue decline. On the other hand, non-dairy companies NATF & UPFL d...
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