A director at Sui Southern Gas Co Ltd bought 500,000 shares at 10.236PKR 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 ye...
StockSmart Weekly Review The feel good factor returned as the weekly performance of the index closed in green. The benchmark index gained 345 points during the week to close in at 44,822 point level, up 0.8%WoW. Building anticipation of revival of IMF program and likelihood of civil-military leadership reaching consensus over the appointment of new ISI chief fueled the market performance. Commercial Banks emerged as the outperformers duri...
Overall sales mix of the company is 55% RLNG and 45% Natural Gas. Transmission network related UFG in FY19 jumped to 7.7bcf from 2.8bcf. Management expects no increase in Transmission network related UFG from these levels. Strategy to curtail these losses is ongoing. Future pipeline projects in Pakistan are 300KM Turkmenistan-Afghanistan-Pakistan-India (TAPI), 270KM Iran-Pakistan (IP) and 1,100KM North South Gas Pipelines. In North South Gas Pipeline, there is no defined role of SNGP as of ...
OGRA has reportedly proposed gas price hikes of 31% and 20% for SNGP and SSGC consumers, while cushioning export oriented Textile sector. This will generate PKR508bn as opposed to PKR487bn of revenue requirement, bringing down the circular debt stock (PKR180bn) by PKR21bn. As per proposal, gas tariffs for domestic consumers are expected to witness a higher increase of 85.2% (avg.), this would increase our inflation estimate for FY20 by 134 bps on average, suggesting further interest rate hi...
Details in Oil & Gas Regulatory Authority’s (OGRA) decision for Estimated Revenue Requirement (ERR) 2018-2019 for the two Suis (SNGPL & SNGP) are Positive for E&Ps, Negative for Industries (Chemical, Cement, Steel, Textile &Ferts) and broadly Neutral for Suis. While OGRA has proposed a steep 200-300% rise in consumer prices, the proposed hike also includes the partial impact of revenue shortfall faced over 2017-2018 due to lack of price hike. OGRA’s proposal is not binding on the government ...
As per news reports, Economic Coordination Committee (ECC) has approved a summary sent by Petroleum Division on issue pertaining to higher Unaccounted for Gas Losses (UFG) on account of supply of RLNG by Sui Southern Gas (SSGC). Few of the key points pertaining to the summary included 1) SSGC may be allowed UFG based on RLNG handling basis (volumetric basis) in the sale price of RLNG in the form of distribution loss due to swapping arrangement and consumption of RLNG in its franchise area, 2)...
SNGP recorded earnings of Rs3.3/share in 3QFY18, down 15% YoY due to higher operating expenses which were up 32% YoY. Net sales of the company surged to Rs133bn in 3QFY18 as against Rs72bn in same period last year. Gross profits of the company was also up 31% YoY to Rs4.1bn. This improvement is primarily on account of higher capex carried out during the quarter and in 9MFY18. Other operating income was also up 10% due to higher interest income on late payment surcharge, we believe. Other op...
A director at Sui Northern Gas Pipelines sold 20,000 shares at 145.182PKR 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 t...
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...
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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