Jawad Ameer Ali

Jawad Ameer Ali
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Lucky Cement: Q1 FY 20 review: Steep decline, but better GMs than peers

LUCK posted consolidated NPAT of PKR1.3bn (EPS: PKR3.93) in Q1 FY 20, down 57% yoy and 38% qoq, lower than our projected NPAT of PKR1.5bn (EPS: PKR4.77). On an unconsolidated basis, LUCK reported profitability of PKR0.9bn (EPS: PKR2.96) in Q1, down b...
Intermarket Securities
Jawad
Jawad Ameer Ali @ Intermarket Securities 30 October 2019

DG Khan Cement: Q1 FY 20 review: Worst results in the sector so far

DGKC posted unconsolidated NLAT of PKR1.4bn (LPS: PKR3.26) in Q1 20, worse than our projected NLAT of PKR1.3bn (LPS: PKR2.98). The decline in profitability is mainly attributable to (i) significant drop in retention prices in local and export markets...
Intermarket Securities
Jawad
Jawad Ameer Ali @ Intermarket Securities 25 October 2019

Maple Leaf Cement: Q1 FY 20 review: Loss worse than expected

Maple Leaf Cement (MLCF) posted Q1 FY 20 NLAT of PKR982mn (LPS: PKR1.65), worse than our estimated loss of PKR689mn (LPS: PKR1.16). Despite marked improvement in cement dispatches (up 74%/6% yoy in local/export dispatches), the yoy decline in Q1 prof...
Intermarket Securities
Jawad
Jawad Ameer Ali @ Intermarket Securities 24 October 2019

Fauji Cement: Q1 FY 20 review: Above expectation on lower expenses

Fauji Cement Company Ltd (FCCL) posted Q1 FY 20 NPAT of PKR293mn (EPS: PKR0.21), down 63% yoy and 24%qoq, as compared to our estimate of PKR225mn (EPS: PKR0.16). The yoy decline in Q1 profitability is mainly led by (i) lower dispatches (domestic and ...
Intermarket Securities
Jawad
Jawad Ameer Ali @ Intermarket Securities 21 October 2019

Engro Fertilizers: Q3 review and analyst briefing takeaways: Decent earnings with surprise payout

EFERT posted consolidated Q3 19 NPAT of PKR3.33bn (EPS: PKR2.49), down 35% yoy, taking 9M 19 NPAT to PKR10.51bn (EPS: 7.87), down 14% yoy. Net sales posted a decline of 4% yoy to PKR27.11bn in Q3 owing to drop in urea market share post resumption of ...
Intermarket Securities
Jawad
Jawad Ameer Ali @ Intermarket Securities 21 October 2019

Pakistan Cement: Q1 FY 20 preview – Awful start to FY 20

With significant buildup in cost pressures, weak domestic demand and infighting among North-based producers, profitability of the IMS cement universe is likely to take a hit in Q1 FY 20, posting an NLAT of PKR778mn. We maintain our Underweight stance...
Intermarket Securities
Jawad
Jawad Ameer Ali @ Intermarket Securities 18 October 2019

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