Intermarket Securities
Coverage:
Pakistan
Intermarket Securities Ltd (IMS) is a full service brokerage offering trading, research and IB services. IMS has one of the most accredited equity market teams in Pakistan, and has received multiple awards from CFA Society Pakistan and Asia Money.
Location: Karachi
Analysts
Latest articles from Intermarket Securities
Bank Alfalah: Come for the valuations, stay for the growth
After very strong profit delivery in 1QCY21 (EPS: PKR1.92), we raise our CY21f EPS estimates for BAFL by 10% to PKR6.30 but leave subsequent projections largely unchanged. BAFL posted NPAT of PKR3.4bn (EPS: PKR1.92) in 1QCY21, up 18%yoy and 57%qoq, a...
Raza Jafri @ Intermarket Securities 17 May 2021
Lucky Cement: Superior diversification on top of best-in-class cement operations
We have upgraded our estimates for LUCK with a new TP of PKR1,300/sh (from PKR975/sh earlier) on the back of outperformance by both its core cements profits and non-core operations. All these will be complemented by rising other income. Our new conso...
Rahul Hans @ Intermarket Securities 17 May 2021
Gul Ahmed Textile Mills Ltd: 3QFY21 analyst briefing takeaways
Gul Ahmed Textile Mills Ltd (GATM) posted 3QFY21 consolidated NPAT of PKR1.7bn (EPS: PKR4.00), compared with a net loss of PKR453mn last year (LPS: PKR1.06). GATM believes that the present momentum in revenues is sustainable – expected to maintain a ...
Abdul Ghani Mianoor @ Intermarket Securities 11 May 2021
Indus Motors: 3QFY21 analyst briefing takeaways
INDU posted 3QFY21 NPAT of PKR3.6bn (EPS: PKR45.98), up 22% qoq (35% yoy), due to a 13% qoq rise in revenues and 5% qoq higher other income. The Revo and Fortuner facelifts have received an overwhelming response, despite the long lead times. As for t...
Abdul Ghani Mianoor @ Intermarket Securities 7 May 2021
Pakistan State Oil: 9MFY21 analyst briefing takeaways
Pakistan State Oil (PSO) posted unconsolidated net profits of PKR8.7bn (EPS PKR18.57) for 3QFY21, double qoq and up from a loss last year. This took 9MFY21 net profits to PKR18.2bn (PKR38.86/sh), up from PKR3.0bn SPLY. PSO improved its market share a...
Saad Ali @ Intermarket Securities 7 May 2021
Pakistan Suzuki: Analyst briefing takeaways
PSMC posted 4QCY20 NPAT of PKR1.0bn (EPS: PKR12.27), the first quarterly profit in eight quarters, decreasing the CY20 Net loss to PKR1.6bn (LPS: PKR19.31). According to the management, PSMC had increased air shipments in order to cater to the rising...
Abdul Ghani Mianoor @ Intermarket Securities 6 May 2021