Smaller 2023/24 global sugar surplus forecast anticipated. Higher 2H23 El Niño probability to boost global sugar price in 2024. Anticipate a YoY solid rise but a QoQ drop for 2Q23 earnings.
Prasit Sujiravorakul @ Bualuang Securities 21 March 2023
PSMC posted a 4QCY22 net loss of PKR3.8bn, due to persistently high finance costs and elevated taxation. Gross margins were 9.8% for 4Q compared to 5.2% last quarter, mainly attributable to increase in car prices. PKR devaluation on outstanding payab...
IMS Research Team @ Intermarket Securities 21 March 2023
We upgrade our FV for OLFI to EGP11.60/share and change our recommendation to Equalweight, on market rice rally. Margins To Pick Up On Cooling Commodities and Higher Final Product Prices. Bottom Line To Normalize After Dip; Working Capital & CAPEX Ar...
Marina William @ Al Ahly Pharos Securities Brokerage 20 March 2023
Textile exports decline to US$11.2bn during 8MFY23, down 11% YoY. Over-piled inventories among major retail outlets in USA & Europe have led to lower export orders. Removal of subsidies, peaking interest rates and a fall in demand to negatively impac...
IMS Research Team @ Intermarket Securities 17 March 2023