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?