Wajid Rizvi

Intermarket Securities

Head of Research @ Intermarket Securities

Wajid Rizvi is the Head of Research at Intermarket Securities. He is a seasoned analyst, possessing over a decade experience in a combination of both buy-side and sell-side equity research. Prior to joining Intermarket Securities in 2022, he has worked at JS Global Capital in the capacity of Head of Strategy and Economy where he covered Strategy, Economy, and Energy Chain. He has also served at KASB Securities and Fortune Securities in the capacity of Head of Research where he covered Economy, Strategy, Oil & Gas Sector and Cement Sector. Wajid has cut his teeth working at Global Treasury of Habib Bank Limited (HBL) as a Research Analyst, providing research coverage on a variety of sectors in Pakistan Equities while assisting other desks (money market, bonds, derivatives and foreign exchange) with research support and soft coverage on regional economies.


Wajid Rizvi
Hide filters Show filters
Latest from Wajid Rizvi

Pakistan E&Ps: Unwarranted valuations despite cash-flow constraints

IMS E&P valuations stand unwarranted under higher oil price assumptions as earnings forecast jump 10-20%. More positives come from recent PKR devaluation while past liquidity issues can be resolved under energy reforms. Sporadic efforts by government...
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 11 November 2022

Pakistan Economy: Red-hot CPI on food inflation and energy tariff adjustments

Pakistan’s CPI has rebounded to 26.6% in Oct, nearing its recent record high of 27.2% in Aug’22. Latest spikes have come from the unwinding of relief from fuel tariff adjustments and the throbbing food inflation. Core inflation maintains uptrend, whe...
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 2 November 2022

Pakistan Oilfields: 1QFY23 Review - Highest ever quarter exploration costs slams earnings potential

POL posted 1Q EPS of PKR 29.59 as high oil prices and PKR devaluation continued to add revenue gains. 1Q result could have been higher, had it not been for all-time high astronomical exploration costs of PKR4.5bn. We reiterate our liking for POL as i...
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 25 October 2022

Oil & Gas Development: 1QFY23 Result Review

OGDC posts all-time high quarter earnings of PKR12.4/share, gaining most from oil prices and PKR deval. Opex normalized during the quarter owing to absence of previous quarter one-offs. Considering receivables balloon similar to past trend, 2P reserv...
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 25 October 2022

Pakistan's Balance of Payments - Administrative measures improve CAD in Sep’22

Pakistan’s CAD for Sep’22 further halved to USD316mn, the lowest since Apr’21, owing to an 18% MoM decline in imports. Remittances declined in Sep’22, to USD2.4bn (-11% MoM). Lower inflows from KSA, UAE and UK have reduced the overall base. Balance o...
Intermarket Securities Rahul
Rahul Hans @ Intermarket Securities 20 October 2022

Pakistan MPS Review - Rates on hold as current setting maintains balance

SBP has kept the Policy Rate unchanged at 15%. Commodity price softening offsets additional import needs and keeps CAD estimate intact. The SBP remains data dependent but may cut rates earlier than originally anticipated.
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 10 October 2022

Filter by tags

wajid rizvi
Fixed Income
Fixed Income - Sovereign
Rahul Hans