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
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Latest from Wajid Rizvi

Oil & Gas Development: 4Q sees heavy opex and exploration cost; more to come on PIOL and other ventures

OGDC’s earnings rose substantially to PKR31/sh in FY22, gaining from higher oil prices. A higher than expected payout was seen despite heavy investment required by Reko Diq. High 4Q opex but mild rise for full-year keeps future profitability intact.
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 23 September 2022

Pakistan Energy: Attock Group – Corporate briefing notes

Attock group posted its highest earnings. All three segments performed exceptionally well despite super tax. Performance is mainly driven by three factors: elevated POL product prices, inventory gains and PKR depreciation. For every vertical the Atto...
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 22 September 2022

Pakistan: August CAD at manageable levels; PKR remains under incessant pressures

Pakistan’s CAD print for Aug’22 nearly halved to USD0.7bn, lowest since Apr’22, amid higher exports & remittances. Trade deficit declined by a mere 4% MoM to USD2.9bn, owing to administrative measures on restricting non-essential items. The overall B...
Intermarket Securities Rahul
Rahul Hans @ Intermarket Securities 22 September 2022

Pakistan Petroleum: FY22 Review: Abysmally low 4Q earning from excessive exploration cost & high tax

PPL announced earnings of PKR53.5bn (EPS: PKR 19.68) after posting abysmally low 4Q EPS of PKR0.45. Excessively high exploration costs and super tax depressed operating performance. Revival in Kandhkot gas offtake has led to better gas output. We rei...
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 20 September 2022

Pakistan OMCs: Mild volume recovery unlikely to prolong in the wake of floods

POL product demand depicted modest recovery to 1.53mnMT in Aug’22 after a rapid decline of 26% in the previous month. We corroborate impact of current floods from the calamity in 2010, where POL product demand will be impacted. Hike in OMC margin, a....
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 2 September 2022

Pakistan State Oil: FY22 review – Payout comes under the light of inventory gains

High inventory gains and volumetric sales along with elevated average prices of MS & HSD helped to overshadow super tax. Massive provision on impairment of financial assets was a negative surprise that depressed earnings. The PKR10 per share dividend...
Intermarket Securities Wajid
Wajid Rizvi @ Intermarket Securities 26 August 2022

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