reports
Packages Limited: 1 director
A director at Packages Limited bought 403,000 shares at 392.980PKR and the significance rating of the trade was 67/100. 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 cl...
Packages Limited (PKGS): Earnings revised downward 'Maintain Buy'
We revise down our earnings forecasts for Packages (PKGS) after incorporating 3Q2018 result, announced yesterday. The company’s 9Q2018 result fell short of our expectations on account of lower than expected 1) dividend income from Tetra Pak, 2) gross margins, 3) operating profit margins of Packages Mall and 4) Nestle Pakistan (NESTLE) dividend income. However, we maintain our ‘Buy’ call on PKGS. For 2018/2019/2020, we now expect PKGS to post consolidated EPS (diluted) of Rs26/15.7/18.5, down...
- Talha Idrees
Insiders Make Significant Purchases in ENGRO, PKGS and IGIHL
Engro Corp (ENGRO) underwent significant insider purchases last week. Engro Corporation announced on July 20, 2018 that it has finalized terms to sell 29% share of Elengy Terminal Pakistan Limited’s (ETPL) total shares outstanding. Selling value of 29% ETPL shares is PKR 4,864m (USD 38m). This sale will add to the already high cash position of the company, which was around PKR 65.6bn as at June 2018 end. IGI group was yet again involved in purchases of its companies, Packaged Limited (PKGS) and...
Packages Limited (PKGS): 2Q2018 EPS Rs8.3, -51% YoY (+372% QoQ); (In-l...
Bank Al-Falah Limited (BAFL) announced its 2Q2018 earnings today, wherein it reported diluted EPS of Rs 1.80, 41% higher YoY, better than market consensus and our expectations. The increase in earnings is attributable to higher provisioning reversal, greater non-interest income and decline in administrative expenses. The Bank also announced interim cash dividend of Rs1.0/share which is contrary to historical trend, and also announced a bonus of 10%. Despite a rising interest rate environment,...
Packages Limited (PKGS): 1Q2018 EPS Rs1.8, -88% YoY (-96% QoQ); (Below...
Packages Limited (PKGS) announced 1Q2018 consolidated earnings (attributable to equity holders) of Rs173mn (EPS Rs1.8/share, down 88% YoY, considerably lower than our estimates, mainly on the back of no dividend income from Tetra Pak Pakistan. This was due to difference in timing of the dividend and PKGS will continue receiving dividend income from Tetra Pak till 2018, as per our channel checks. Net revenues were up 2x YoY during 1Q2018 mainly owing to Bulleh Shah Packaging’s (BSPL) classific...
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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