reports
- Usama Rauf
KOHC 3QFY24 Result Review - Lower offtakes lead to profit decline (AKD...
AKD, Off the Analyst's Desk KOHC 3QFY24 Result Review - Lower offtakes lead to profit decline Kohat Cement Company Limited (KOHC) announced its 3QFY24 financial results earlier today, where the company posted earnings of PkR2.1bn (EPS: PkR10.5), a decline of 7%QoQ, primarily attributable to the lower offtakes. The result marginally exceeded our expectations amidst higher than expected gross margins. Company’s topline witnessed an 18%QoQ/15%YoY decline to PkR8.5bn compared to PkR10.4bn in...
- Usama Rauf
CHCC_3QFY24 Result Review —Gross margin contraction leads to earnings ...
AKD, Off the Analyst's Desk CHCC_3QFY24 Result Review —Gross margin contraction leads to earnings decline Cherat Cement Company Limited (CHCC) announced its 3QFY24 results, where the company posted earnings of PkR1.2bn (EPS: PkR6.4) vs. PAT of PkR1.9bn (EPS: PkR9.6) in the quarter before, down 33%QoQ (in line with our expectations of PkR6.4/sh). The said quarterly earnings drop is majorly attributable to the gross margins contraction and lower sales volume. Net Sales were reported at...
- Team AKD Research
FFBL 1QCY24 Result Review—Increased earnings amidst normalized tax cha...
AKD, Off the Analyst's Desk FFBL 1QCY24 Result Review—Increased earnings amidst normalized tax charge, Fauji Fertilizer Bin Qasim Limited (FFBL) announced its 1QCY24 result today, where the company posted earnings of PkR4.3bn (EPS: PkR3.3) compared to PkR4.0bn (EPS: PkR3.1) in 4QCY23, an increase of 6%QoQ. The said earnings growth is predominantly attributed to a normalized tax charge during the quarter, in contrast to one-time tax adjustments in the preceding quarter. The result come in line ...
- Team AKD Research
POL 3QFY24 Result Review — Lower Tax Charges lead to Increase in Earni...
AKD, Off the Analyst's Desk POL: 3QFY24 Result Review — Lower Tax Charges lead to Increase in Earnings Pakistan Oilfields Ltd (POL) reported its 3QFY24 earnings earlier today, wherein the company posted Profit after Tax (PAT) of PkR12.42bn (EPS: PkR43.7) for the quarter, higher by 58%QoQ—above our estimate of PkR28.1/sh Total revenue witnessed a decline of 6%QoQ to end at PkR16.3bn, primary attributable to lower average oil prices (down 4.3%QoQ) and an appreciating domestic exchange ra...
- Usama Rauf
MLCF_3QFY24 Result Review — Lower gross margins lead to earnings decli...
AKD, Off the Analyst's Desk MLCF: 3QFY24 Result Review — Lower gross margins lead to earnings decline Maple Leaf Cement Factory Limited (MLCF) just announced its 3QFY24 financial results, wherein the company posted consolidated earnings of PkR1.5bn (EPS: PkR1.4) compared to PkR2.2bn (EPS: PkR2.1) in the quarter before, a decline of 33%QoQ. The said drop in profitability is primarily attributable to lower sales volumes and a contraction in gross margins. The result was in line with our expectatio...
- Usama Rauf
INDU-3QFY24E & HCAR 4QMY24E Result Previews, (AKD Daily Apr 25, 2024)
AKD Daily INDU-3QFY24E & HCAR 4QMY24E Result Previews INDU - 3QFY24E EPS of PkR43.3 expected: Indus Motor Company Limited (INDU)’s board is scheduled to announce their 3QFY24E earnings on 26th April, where we expect earnings to clock in at PkR3.4bn (EPS: PkR43.3) vs. PkR1.7bn (EPS: PkR22.2) in the preceding quarter, an increase of 95%QoQ. The said quarterly increase is primarily driven by a 2.4x increase in sales volumes, totaling 6,503units compared to 2,687units in the previous quarter, with s...
- Team AKD Research
HUBC & NPL 3QFY24E Result Previews, (AKD Daily Apr 25, 2024)
AKD Daily HUBC & NPL 3QFY24E Result Previews HUBC – 3QFY24E earnings to clock in at PkR12.42/sh: We expect Hub Power Company Limited (HUBC) to post NPAT of PkR16.1bn (EPS: PkR12.42) in the third quarter of FY24, up 5%/43% on QoQ/YoY basis. The aforementioned increase in earnings on a quarterly basis is primarily attributed to higher gross margins, resulting from the non-utilization of fuel oil-based plants (Narowal and HUBCO-base utilization: nil/69 Gwh during 3QFY24). Generation profile of t...
- Kamal Ahmed
KSE-100_Closes above 72K (AKD Technical Daily 25-04-24)
AKD Daily Technical KSE-100: Closes above 72K Market View — Technical The index opened on a positive note and faced a bullish trading session. The local bourse posted a high of 1,055pts and concluded with a gain of 693pts to settle at 72,052pts. The volumes witnessed in the last trading session were lower than the previous trading session. A white body candle occurred. During the past 10 trading sessions, there have been 6 white candles and 4 black candles for a net of 2 white candles. The Index...
- Usama Rauf
LUCK-MLCF-PIOC & KOHC 3QFY24 Result Previews ,(AKD Daily Apr 22, 2024)
AKD Daily LUCK-MLCF-PIOC & KOHC 3QFY24 Result Previews LUCK 3QFY24E earnings expected at PkR19.6/sh: Lucky Cement Limited (LUCK) is expected to announce its 3QFY24E financial result on 26th April, 2024, where we expect the company to post standalone earnings of PkR5.7bn (EPS: PkR19.6) compared to PkR6.8bn (EPS: PkR23.1) in the preceding quarter, a decline of 15%QoQ. The said fall in the earnings is primarily attributable to a decrease in the topline amidst low offtakes, coupled with a contractio...
- Team AKD Research
Stock Smart Weekly (Apr 19, 2024)
StockSmart Weekly Review The market’s trading session remained erratic throughout the week, however concluded on a stronger note on the last day, with the benchmark index challenging previous highs and achieving its highest-ever closing of 70,909pts on Friday, a weekly gain of 595pt/0.85%WoW. Average trading volumes stood at 492.37mn during the week, increasing by 43.51%WoW. Overall, the volatility may be attributed to the general u...
- Kamal Ahmed
KSE-100_Closes with a positive bias (AKD Technical Daily 22-04-24)
AKD Daily Technical KSE-100: Closes with a positive bias Market View — Technical The index opened on a positive note and remained bullish throughout last trading session. The local bourse posted a high of 678pts and concluded with a gain of 620pts to settle at 70,910pts. The volumes witnessed in the last trading session were slightly higher than previous trading session. The Index is currently 26.0% above its 200-period moving average and is in an upward trend. Volatility is low when compare...
- Usama Rauf
Pakistan Strategy - Mar'24 Market Review & Outlook (AKD Daily, Apr 01,...
AKD Daily Pakistan Strategy - Mar’24 Market Review & Outlook The KSE-100 index concluded the month with a modest increase of 2,427pts or 3.8%MoM, while market traded in band of 3,094pts on the closing basis. Overall the month remained eventful, highlighted by the new government taking office and smooth conclusion of second review of the IMF’s SBA. GDP growth for 2QFY24 was reported at 1.0%YoY, driven by a 5% annual growth in the agriculture sector but offset by a 0.8%YoY contraction in in...
- Kamal Ahmed
KSE-100_Closes above 67K (AKD Technical Daily 01-04-24)
AKD Daily Technical KSE-100_Closes above 67K Market View — Technical The index opened on a positive note and remained volatile throughout the last trading sessions. The local bourse posted a high of 166pts, a low of 137pts and concluded with a loss of 137pts to settle at 67,005pts. The volumes witnessed in the last trading session were lower than the previous trading session. Among the momentum oscillators, RSI is showing a reading at 66.16. The MACD is bullish since it is trading above its ...
- Team AKD Research
Stock Smart Weekly (Mar 29, 2024)
StockSmart Weekly Review Week remained bullish with the benchmark index breaking its previous closing highs and exceeding the 67k level. Overall, the first four trading days cumulatively added around 2k pts, with the index closing at 67,005pts (up 1,853pts/2.84% WoW) on Friday, following a slight profit-taking session noted on the last day of the week. Positivity loomed over the successful last review of IMF’s SBA, the new incumbent government's steps and commitment towards reforms. Furthermore,...
- Kamal Ahmed
KSE-100 - Faces a volatile trading session, (AKD Technical Daily 18-03...
Market View — Technical The index opened on a positive note and remained volatile throughout the last trading sessions. The local bourse posted a high of 289pts, a low of 305pts and concluded with a loss of 248pts to settle at 64,816pts. The volumes witnessed in the last trading session were lower than the previous trading session. Among the strength Indicators, RSI (Relative Strength Indicator) is currently trading 55.17 and seems to slide towards neutral level. The Index closed below trend li...
- Team AKD Research
- Kamal Ahmed
KSE-100_Likely to trade with a positive bias, (AKD Technical Daily 15-...
Market View — Technical The index opened on a positive note and remained bullish throughout the last trading sessions. The local bourse posted a high of 1,157pts and concluded with a gain of 1,016pts to settle at 65,064pts. The volumes witnessed in the last trading session were slightly higher than the previous trading session. Among the strength Indicators, RSI (Relative Strength Indicator) is currently trading 57.03. A sharp recovery witnessed in the last trading session and the Index once a...
- Team AKD Research
Pakistan Oil & Gas - E&P Production Oil/Gas production down 0.4%2.5%Yo...
Pakistan Oil & Gas - E&P Production Oil/Gas production down 0.4%/2.5%YoY in Jan’24 As per latest figures from PPIS for Jan’24, crude oil production stood at 71.7k BPD, depicting a decrease of 0.4%/0.4% on a MoM/YoY basis. Country's oil production remained stable, clocking in at 71.17kbpd during 7MFY24 (up 2.4% vs. 69.5kbpd during FY23). Sustained levels were aided majorly by inclusions of Mamikhel South (+2.4k BPD) in the Tal block, discovery of three Takhat wells in outgoing 12 months (+0...
- Kamal Ahmed
KSE-100_Approaching towards 50-SMA, (AKD Technical Daily 14-03-24)
Market View — Technical The index opened on a positive note and remained bearish throughout the last trading sessions. The local bourse posted a high of 242pts, a low of 945pts and concluded with a loss of 753pts to settle at 64,048pts. The volumes witnessed in the last trading session were slightly lower than the previous trading session. Among the strength Indicators, RSI (Relative Strength Indicator) is currently trading 50.72. The Index continued to decline and seems to slide towards 50-SMA...
- Usama Rauf
Pakistan Auto - Feb’24 Auto sales New year rhythm fades - however up 3...
Pakistan Auto - Feb’24 Auto sales New year rhythm fades - however up 33%YoY New Year's impact continues into the second month of the year, with total industry sales reaching 13.4k units (↓8%MoM/↑33%YoY). PSMC has shown the highest increase with sales of 4.9k units, up by 5.0xYoY, on the back of a low base where the company's production was significantly affected in SPLY. Likewise, INDU sales totaled 2.04k units (↓26%MoM/↑13%YoY). HCAR sales volume clocked in at 1.5k units, up by 13%MoM ...
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