Ali Aziz Soorty

Intermarket Securities

Research Analyst @ Intermarket Securities

Ali Aziz Soorty graduated from Chapman University with a Bachelor of Sciences (Finance). Prior to joining IMS, he worked as a research analyst at Lakson Investments, the asset management company of a large business group in Pakistan. He is covering the Pakistan Steel sector.

Ali Aziz Soorty
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Latest from Ali Aziz Soorty

International Steels Ltd: FY 22 analyst briefing takeaways

To recall, ISL posted a dull EPS of PKR0.13 in 4QFY22 (FY22 EPS of PKR12.44). According to management’s guidance and our estimates, ISL is expected to see a -4% contraction in volumetric output. Management is keen on the fact that pent up demand duri...
Intermarket Securities Ali Aziz
Ali Aziz Soorty @ Intermarket Securities 29 September 2022

Mughal Iron & Steel Industries: 4QFY22 Review: Tax credit and low interest cost beats earnings estimates

MUGHAL posted a profit of PKR1.0bn (EPS: PKR3.10) for 4QFY22, up from PKR0.8bn (EPS: PKR2.50) last quarter. Major deviation stemmed from lower than expected tax rate (28.7%) and finance cost. MUGHAL has posted gross margins of 13.9%, up 1.8ppt QoQ an...
Intermarket Securities Ali Aziz
Ali Aziz Soorty @ Intermarket Securities 20 September 2022

Tariq Glass Industries Ltd: 4QFY22 result review – elevated COGS dampen margins

Tariq Glass Ltd (TGL) has posted net profit of PKR295mn (EPS: PKR2.14) in 4QFY22, down c.38% YoY and 76% QoQ. TGL has posted a weak result with GMs declining substantially due to elevated RLNG cost & diminishing inventory gains. The result is accompa...
Intermarket Securities Ali Aziz
Ali Aziz Soorty @ Intermarket Securities 19 September 2022

Tariq Glass Industries Ltd: 4QFY22 Preview: Earning to slide amid higher COGS and one-off super tax

We expect TGL to post revenue of PKR7.6bn, up 14% QoQ and 50% YoY. The annual growth in FY22 profits is largely attributed to rise in volumes and glass prices. The company is expected to pay final cash dividend of PKR13.0/sh.
Intermarket Securities Ali Aziz
Ali Aziz Soorty @ Intermarket Securities 16 September 2022

ICI Pakistan: FY22 Corporate Briefing Takeaways – More growth coming your way

Soda Ash has become the company’s major cash cow with FY22 exports showing 87% record growth. ICI Pakistan recently announced record consolidated net profits of PKR8.8bn. With regards to PSF, ICI is the second largest domestic player with plant opera...
Intermarket Securities Ali Aziz
Ali Aziz Soorty @ Intermarket Securities 21 August 2022

International Steels Ltd: 4QFY22 review – Healthy payout despite lower earnings

ISL has posted NPAT of PKR57mn (EPS: PKR0.13) in 4QFY22, down a sharp 95%/98% QoQ/YoY. deviation was majorly attributed to lower-than-expected sales volume and higher opex. ISL also announced a final cash dividend of PKR4.5/sh (FY22 DPS of PKR6.5/sh)...
Intermarket Securities Ali Aziz
Ali Aziz Soorty @ Intermarket Securities 19 August 2022

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