27 April, 2010

Research Reports for 27 April, 2010

BMA

• E&P: PPL - 3QFY10 to clock in 41% QoQ Growth

KASB

• HBL: Earnings up on lower provisions

IGI

• OGDCL - Result Preview 9M FY10

AKD

• AKD Daily !

JS

• ENGRO and FABL 1Q2010 results preview

26 April, 2010

Research Reports for 26 April, 2010

BMA

• Banks: UBL - 1QCY10 Result Preview

AKD

• AKD Daily

KASB

• Lucky: Weak 3Q - LT positives unchanged

IGI

• Result Previews 9M FY10 - PPL & HUBC

AHL

• FFBL – 1Q-CY2010 earning review

23 April, 2010

Research Reports for 23 April, 2010

AKD

• AKD daily

IGI

• ABL & UBL - Result Preview 1Q CY1

JS

• Result week unable to sustain positive market sentiment

BMA

• Textile: NML - 9MFY10 Result Preview

KASB

• PSO: Rerating potential may unfolds

22 April, 2010

Research Reports for 22 April, 2010

IGI

• LUCK - Result Preview 9mo FY10

KASB

• MS -: MCB Bank: Flat bottom-line YoY

BMA

• Banks: HBL - 1QCY10E EPS of PKR3.4

AKD

• AKD daily

JS

• ABL & UBL: 1Q2010 result preview

21 April, 2010

Research Reports for 21 April, 2010

IGI

• Result Previews - PSO, HBL & DGKC

BMA

• Result Previews: MCB, LUCK, DGKC, ACPL

AKD

• AKD daily !

JS

• 9MFY10 results preview: PSO, LUCK & DGKC

20 April, 2010

Research reports for 20 April, 2010

AKD

• AKD Daily !

BMA

• OMC: PSO: 9MFY10E EPS of PKR40.44

KASB

• Politics could re-enter the KSE limelight

JS

• MCB & HBL: 1Q2010 result preview

19 APRIL, 2010

Research Reports for 19 April, 2010

AKD

• AKD Daily !

BMA

• Fertilizer: FFBL - 1QCY10A EPS - PKR0.87, inline

KASB

• Cement: Volume/price up-margin the next leg

IGI

• E&P Sector Update

AHL

• APL 9M-FY2010 earnings preview; POL 9M-FY2010 earnings preview

JS

• 9MFY10 results preview: INDU and APL

16 April, 2010

Research Reports for 16 April, 2010

AKD

• MCB & AGTL - 1QCY10 Result Preview

BMA

• Auto: INDU - 9MFY10 Result Preview

IGI

• ATRL - Result Preview 3Q FY10

KASB

• Banks: Provisions and credit/deposit market

JS

• Earnings recovery to continue for PPL & POL

15th April, 2010

Research Reports for 15th April, 2010

AKD

• FFBL: 1QCY10 Result Preview

KASB

• POL: Price catalysts to drive outperformance

BMA

• Cement: ACPL - Shining brightly

JS

• FFBL: 1Q2010 EPS expected at Rs0.85/share

14 April, 2010

Research Reports for 14th April, 2010

BMA

• OMC: PSO - No inventory gains expected in 3QFY10, however upside risk remains

JS

• Textile sector: Remarkable growth of 85% in 1HFY10

KASB

• TRIPF: Upgrade to Buy on margin recovery

AKD

• AKD_Quotidian

IGI

• FFBL - Riding the high tide

13 April, 2010

Research Reports for 13 April, 2010

BMA

• Fertilizer: FFBL - 1QCY10E EPS: PKR0.87; CY10E EPS intact

KASB

• Engro: Triggers continue to unfold-Buy

JS

• E&P: Sui & Kandhkot wellhead prices up 24%

12 April, 2010

Research Reports for 12th April, 2010

BMA

• Auto: Bumpers Ahead

KASB

• Autos: Volumes remain on the up tick

IGI

• Banking Sector Update (April, 2010)

JS

• Autos: March sales up 80%YoY

09 April, 2010

Research Reports for 9th April, 2010

BMA

• Cement: Up-tick in construction

KASB

• PPL: Privatization may lead to re-rating

JS

• POL: Company update/'Buy' maintained

08 April, 2010

Research Reports for 08 April, 2010

AKD

• Sticky inflation: CPI inflation to rise to 13.3%YoY in Mar'10

KASB

• T-bill auction: Cut-off yields decline

IGI

• PSMC - Bottomline profitability marred by lower volumetric sales in CY09

BMA

• Telecom: Wateen - Telecommunications at its best

JS

• Textile sector: Positives all around

07 April, 2010

Research Reports 07 April, 2010

AKD

• AKD Daily Report

BMA

• Power: HUBC – Discussion with Management on Narowal Project

KASB

• LOTPTA - Initiating with a Buy

IGI

• Power Sector Update

JS

• PPL: Positives all around

06 April, 2010

Research Reports for 06 April, 2010

AKD

• ULEVER: Revised Estimates

KASB

• OMCs: Strong volume & margins in 3Q

BMA

• Cement: MENA and the window of opportunity

IGI

• Liquidity shows in monthly off-take; Petroleum sales down 1% YoY

JS

• Oil consumption up 11%YoY in 9MFY10

05 April, 2010

Research Reports for 05 April, 2010

IGI

• BAFL - Detailed Accounts Review

BMA

• Auto: Industry in Cruise Control

AKD

• Commodity financing & systemic liquidity: Will banking sector liquidity come under increasing stress?

KASB

• Banks: Spread average 7.28% in Jan-Feb 10

02 April, 2010

Research Reports for 02 April, 2010

KASB

• FPI spurs March: Revisit laggards hereon

IGI

• Political Update: Constitutional Reforms steam roll ahead

BMA

• Paper & Board: PACKAGES - Turbulent Times Continue but…

1 April, 2010

Research Reports for 1 April, 2010

KASB

• Autos: Reality check on price hikes

AHL

• SBP increases, export refinancing rates

JS

• Performance of key JS Universe stocks in 1Q2010

BMA

• Chemicals: Ghani Gases Limited - Catching up

31 March, 2010

Research Reports for 31 March, 2010

KASB

• Import substitution offsets weak urea off take

IGI

• Banking Sector - MoM spread up by 6bps to 7.31% in Feb'10

BMA

• Fertilizer: Shifting Dynamics? Not really

JS

• ABL: Earnings revised upward/'Hold' maintained

30 March, 2010

Research Reports for 30 March, 2010

KASB

• Cement: Inland freight subsidy on export

BMA

• Fertilizer: ENGRO - Recent Stock Price Rally Kicks in 2% EPS Dilution

AKD

• Banks: High provisions for sector but Big-5 look good

JS

• Cement: Are exports a real concern?