A director at Avanti Helium Corp bought 2,450,000 shares at 0.410CAD and the significance rating of the trade was 88/100. 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 ...
Avanceon Ltd (AVN) has announced a consolidated NPAT of PKR861mn (EPS: PKR2.65) for 3QCY22, up 8.7x YoY and 62% QoQ. The result came in higher than our expected EPS of PKR2.12. Higher-than-expected other income lead to the deviation. Key highlights for 3QCY22 results: * Net sales have more than doubled QoQ and are up 89% YoY to PKR2.3bn versus our expectation of PKR2.1bn. The jump in revenue is majorly attributed to greater-than-expected completion of orders. * Gross Margin has declined...
Avanceon Ltd (AVN) has announced a consolidated NPAT of PKR532mn (EPS: PKR1.64 on new number of shares) for 2QCY22, up 120% YoY and 57% QoQ. Despite lower-than-expected margins and significant decline in revenues, higher exchange gains led to the major deviation from estimates, without which it would have incurred a loss. 2QCY22 RESULT REVIEW: * Despite significant PKR devaluation; net sales have reduced by 11% YoY and 26% QoQ to PKR980mn, this is may either be due to lower than expected rea...
Avanceon Ltd (AVN) is expected to announce a consolidated NPAT of PKR420mn (EPS: PKR1.64) for 2QCY22, up 74% YoY and 24% QoQ. Key expectations behind the jump in earnings are i) realization of revenue from orders initially acquired at the start of the year, coupled with PKR devaluation, and ii) exchange gains. However, topline is expected to increase in 2HCY22 as major portion of services tend to be rendered in later stage of the order cycle. This is due to i) most of AVN’s orders last about ...
A director at Avanceon Ltd sold 137,500 shares at 84.234PKR 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 years clearly s...
Avanceon Ltd (AVN) has posted a consolidated NPAT of PKR360mn (fully diluted EPS: PKR1.11) for 1QCY22, up 47% yoy but down 62% qoq. The result beats our expected EPS of PKR1.01, higher GMs and other income. However, on a sequential basis, the topline and earnings of the company have declined significantly as bulk of the contracts are realized in the last two quarters of the year. Most of AVN’s orders last about 12-15 months and it realizes revenues according to percentage of completion method...
Avanceon Ltd (AVN) is expected to post a consolidated NPAT of PKR327mn (EPS: PKR1.27) for 1QCY22, up 34% yoy but down 65% qoq. Key expectations behind the jump in yoy earnings are (i) realization of revenue from last year contracts which AVN had been unable to fulfill in 2HCY21, coupled with initiation of new orders, and (ii) exchange gains due to PKR devaluation. However, on a sequential basis, the topline and earnings of the company are expected to decline significantly as bulk of the contr...
AKD Daily Technicals KSE-100: Range bound activity is expected The index opened on a positive note and faced a volatile session. The Index posted an intraday high of 207pts, a low of 270pts and concluded with a loss of 206pts to settle at 46,333pts level. The volumes witnessed during the last trading session were comparatively lower than the previous trading session. Bollinger Bands are 88.16% wider than normal. The large width of the bands suggest high volatility as compared to normal rang...
Avanceon Ltd (AVN) has posted consolidated NPAT of PKR0.96bn (EPS: PKR3.69) for 4QCY21, up 220% yoy and 6.2x qoq. The result came in much higher than our expected EPS of PKR2.96 for 4Q. Major deviation came from (i) higher than expected GMs, and (ii) higher other income amid better exchange gains. This takes CY21 NPAT to PKR1.60bn (EPS: PKR6.16), up 53% yoy. The company announced a cash dividend of PKR1.0/sh and 25% bonus shares also vs. our expected DPS and bonus of PKR1.0 and 20%. KEY HIGHL...
Avanceon Ltd (AVN) is expected to post consolidated NPAT of PKR759mn (EPS: PKR2.96) for 4QCY21, up 153% yoy and 4.9x qoq. Key expectations behind the massive jump in earnings are (i) higher backlog of orders, the revenues of which are expected to be booked completely in 4Q, and (ii) exchange gains due to PKR devaluation. Net profits in CY21 will thus sum to PKR1.4bn (EPS: PKR5.46), up 34% yoy. We assume that the company will announce a cash dividend of PKR1.0/sh along with a 20% bonus. KEY EX...
AVN has posted 3QCY21 consolidated NPAT of PKR156mn (EPS: PKR0.61), down 51% yoy and 36% qoq. This takes the 9MCY21 net profits to PKR642mn (EPS: PKR2.50), up 55% yoy, The result has come in well below our expected EPS of PKR2.60, where the major deviation is lower-than-expected revenue and other income. KEY 3QCY21 RESULTS HIGHLIGHTS: * Net Sales have declined by 25% yoy but are up 11% qoq to PKR1.22bn. The yoy decline in revenue is majorly due to lower contracts being executed during the qu...
Avanceon Ltd (AVN) is expected to post consolidated NPAT of PKR667mn (EPS: PKR2.60) for 3QCY21, up 109% yoy and 176% qoq. Key expectations behind the massive jump in earnings are: (i) elevated revenues amid influx of new orders, coupled with a healthy backlog of existing orders, and (ii) greater exchange gains due to PKR devaluation. Net profits in 9MCY21 will thus sum to PKR1.15bn (EPS: PKR4.49), up 55% yoy. KEY EXPECTATIONS FOR 3QCY21 RESULTS: * Net sales are expected to rise 52% yoy and 1...
AKD Daily Pakistan Technology_ IPO: Octopus Digital—subscribe till cap of PkR40.6 Octopus Digital is set to go public where it plans to raise an amount of PkR793mn by offering 27.4mn shares at a floor price of PkR29/sh. Octopus Digital Ltd. is a wholly owned subsidiary of Avanceon Ltd.. Company plans to develop 29 independent intellectual properties under different categories from which company will be providing two main offerings, Topware and Omni Connect. Pakistan is going through an incr...
* We initiate coverage on AVN – a leading exporter of industrial automation services out of Pakistan – with a Buy rating and December 2022 TP of PKR232/sh. Alongside, we also initiate coverage on AVN’s recently listed subsidiary, Octopus Digital with a Buy rating and Dec 2022 TP of PKR151/sh (c.PKR52/sh on AVN’s shares, applying 20% portfolio discount). * Rapid adoption of industrial automation, cloud computing and Industry 4.0 post Covid-19 pandemic – amid an economic turnaround in AVN...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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...
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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