Karachi, July 29, 2021 (PPI-OT): Habib Bank Limited: Revenue gaining momentum, 2q eps clocks in at PKR 6.5 taking 1h21 eps growth to +19%y/y; Cash dividend PKR 1.75/share (1q PKR 1.75/share) On consolidated basis, Habib Bank Limited (HBL) posted earnings of PKR 9.5bn or PKR 6.5/share, taking 1h21 total profitability to PKR 18.0bn or PKR […]
Month: July 2021
VIS reaffirms Entity Ratings of Novatex Limited
Karachi, July 29, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Novatex Limited (Novatex) at ‘AA/A-1+’ (Double A/A-One Plus). Long Term Rating of AA reflects high credit quality, and strong protection factors. Risk is modest but may vary slightly from time to time because of economic conditions. Short Term Rating […]
VIS Reaffirms Ratings of Haleeb Foods Limited with ‘Negative’ outlook
Karachi, July 29, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Haleeb Foods Limited (HFL) at ‘A-/A-2’ (Single A-Minus/A-Two). The medium to long-term rating of ‘A-’ signifies good credit quality with strong protection factors. Moreover, risk factors may vary with possible changes in economy. The short-term rating of ‘A-2’ […]
PTCL signs strategic contract with Whale Cloud Technology
Islamabad, July 29, 2021 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) has signed a strategic contract with Whale Cloud Technology for the transformation of its mission critical Charging and Billing platform. Nadeem Khan, Acting CEO and Group CFO, PTCL and Ufone and Chen XiaoWei, President South Asia, Whale Cloud Technology, signed the contract during a ceremony […]
Infinix partners with Free Fire to encourage Esports in Pakistan
Lahore, July 29, 2021 (PPI-OT): Infinix, a leading smartphones brand has partnered with ‘Free Fire’ – a globally popular digital gaming platform. This resourceful collaboration will promote Esports among the Pakistani youth, as the youngsters around the world are passionately engaging in this thrilling new entertainment activity. Esports is now creating great socio-economic opportunities for […]
AKD Securities Limited – Off the Analyst’s Desk (29-07-2021)
Karachi, July 29, 2021 (PPI-OT): HBL: 2QCY21 Result Review, (above expectation) Habib Bank Limited (HBL) announced its 1HCY21 results where the bank posted NPAT of PkR18.0bn (EPS: PkR12.0) compared to PkR15.2bn (EPS: PkR10.3) in the same period last year. The result came above our expectation on account of higher than expected capital gains (PkR1.7bn in […]
JS Securities Limited – JS Research (29-07-2021)
Karachi, July 29, 2021 (PPI-OT): HCAR – Corporate Briefing takeaways JS Global Capital Ltd. co-hosted the Corporate Briefing session of Honda Atlas Cars (Pakistan) Limited (HCAR) yesterday where the company’s management discussed the latest FY21 financials and shed light on future prospects. To recall, HCAR Profit after Tax of Rs1.8bn (EPS: Rs12.56) for FY21 was […]
JS Securities Limited – Pakistan Market: Technical Outlook (29-07-2021)
Karachi, July 29, 2021 (PPI-OT): KSE-100 dropped below the 50-DMA, a negative sign The KSE-100 index posted a loss of 369 points to close at 47,318. Volumes stood at 366mn shares versus 433mn shares traded previously. The index has dropped below the 50-DMA that will now restrict upside at 47,519, followed by 47,752 (30-DMA). Meanwhile, […]
Taurus Securities Limited – Market Roundup (29-07-2021)
Karachi, July 29, 2021 (PPI-OT): KSE-100 lost 369 points yesterday, to close at 47,318 with 366Mn shares being traded. Top performance as per price change was witnessed in JDWS, KTML and COLG. Top decliners CEPB, NRL and UNITY. Activity was mainly concentrated In Technology, Foods and Refinery.
Industries foresee massive breakdown and disaster in the wake of minimum wage of Rs25,000 notified by Sindh Government
Karachi, July 29, 2021 (PPI-OT): The industries of Sindh particularly of Karachi are highly aggrieved and perturbed by the controversial move of the Sindh Government to increase Minimum Wage from Rs17,500/- to Rs25,000/- without following due process of law and in contrary to the provisions of Sindh Minimum Wage Act 2015 and ILO’s minimum wages […]