Karachi, January 09, 2015 (PPI-OT): KOHC – Plant to resume operations from next week As per news flow, a local court had placed a ban on KOHC for mining of minerals for the production of cement. Consequently, KOHC has been unable to run its plant since 5th Dec, 2014 which also reflected in lower dispatches …
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Karachi, November 25, 2014 (PPI-OT): EFERT – Materialization of key triggers to lure investor interest Concessionary gas – closer than ever In their last analyst briefing, EFERT’s management highlighted that the three stakeholders, ie. EFERT, MARI and SNGP, had managed to successfully negotiate a working agreement to charge concessionary rate on Mari gas supply. The …
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Karachi, November 21, 2014 (PPI-OT): Market remains volatile • KSE-100 index managed to gain 150 points (0.5% WoW) during the week marred by heightened volatility. • Exuberance during the first half of the week, which was stimulated by SBP‘s decision to slash interest rates by 50bps, was cut short due to institutional selling in latter …
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Karachi, February 07, 2013 (PPI-OT): Breather over 32,000 Pakistan equities opened positive but struggled over 32k levels as investors opted to book profits at new highs. Selling in later half of the session pulled the index in red with Pakistan Petroleum PPL PA -2.2%, recording its recent low keeping other oil names under pressure. Engro …
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Karachi, June 11, 2014 (PPI-OT): Cements – FY15 budget; a non-event Elixir Securities Limited believes that the impact of Federal Budget FY15 shall be neutral for cements. Key measures for the sector include: (i) Revision of methodology for calculation of Federal Excise Duty (FED), (ii) Increase in GIDC from PKR100/mmbtu to PKR300/mmbtu, and (iii) Increase …
The post The Bell about Pakistan research – Elixir Securities Limited appeared first on Business News Pakistan.
The post The Bell about Pakistan research – Elixir Securities Limited appeared first on AsiaNet-Pakistan.
Karachi, May 06, 2014 (PPI-OT): Fuel and power costs battered bottom-line in 3Q: TGL announced its 3QFY14 results last week posting LPS of PKR3.29, against EPS of PKR0.91/sh during the same period last year. Operating results were significantly lower than expected because of low gas availability. Key factors behind Fuel and Power cost hike: Although …
The post The Bell about TGL: Investment case remains strong despite poor 3Q results – Elixir Securities Limited appeared first on Business News Pakistan.
The post The Bell about TGL: Investment case remains strong despite poor 3Q results – Elixir Securities Limited appeared first on AsiaNet-Pakistan.
Karachi, July 15, 2013 (PPI-OT): Gas supply from Mari diverted to Engro fertilizers: According to a notice issued to KSE on Friday, ECC in its last meeting has allocated 60mmscfd of gas to Engro Fertilizers. According to Elixir Securities Limited incrementals gas supply will be provided to the plant until new 747MW Guddu power plant […]
Karachi, June 04, 2013 (PPI-OT): Stellar earnings in 9MFY13: Fauji Cement Company Limited (FCCL) posted profit of PKR1,570mn (EPS: PKR1.18) for 9MFY13, up 10x YoY . According to Elixir Securities Limited sharp increase in profitability was attributable to 1.0x higher EBITDA margin during 9MFY13. Profit for 3QFY13 was PKR647mn (EPS: PKR0.49), up 1.6x YoY. Strong […]