| Posts created by Web Desk

  • VIS Withdraws Broker Fiduciary Rating of AKD Securities Limited

    Karachi, December 08, 2022 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) has withdrawn the Broker Fiduciary Rating of BFR2++ with ‘Rating Watch-Positive’ outlook assigned to AKD Securities Limited (AKDSL). Ratings stand withdrawn on account of AKDSL’s merger with and into BIPL Securities (BIPLS). The new entity has been renamed to AKD Securities Limited (formerly BIPL Securities…

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  • VIS Withdraws Entity Ratings of Razaque Steels (Private) Limited

    Karachi, December 08, 2022 (PPI-OT):VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘BBB-/A-3’ (Triple B Minus/A-Three) assigned to Razaque Steels (Pvt) Limited, with immediate effect, on account of management’s decision to discontinue the ratings. The previous rating action was announced on June 22, 2022. For more information, contact: Director Compliance and…

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  • Ufone 4G Users to Get 1GB Free Data on ‘UPower 120’ Subscription

    Islamabad, December 08, 2022 (PPI-OT):Ufone 4G, after the success of its flagship UPower offerings, is further boosting the utility of its UPower 120 offer to deliver enhanced control and enablement to its customers. Going forward, upon subscribing to any of the options in UPower 120, the consumer will be awarded Free 1GB data. The free…

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  • AKD Securities Limited – Off the Analyst’s Desk (December 08, 2022)

    Karachi, December 08, 2022 (PPI-OT): SEARL: Analyst Briefing Key Takeaways The Searle Company Limited (SEARL) organized its analyst briefing yesterday to discuss FY22 results and the company’s future outlook. To recall, SEARL posted consolidated PAT of PkR29.9bn (EPS: PkR7.5), up 14%YoY while on the flipside profit margin for the company dropped to 8.1% vs. 14.3%…

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  • JS Securities Limited – JS Research (December 08, 2022)

    Karachi, December 08, 2022 (PPI-OT): SEARL: FY22 inflation linked price increase to support margins in 2QFY23 The Searle Company Limited (SEARL) held its Analyst Briefing to discuss the company’s financial performance and future outlook. Despite higher sales, profits for 1QFY23 quarter deteriorated on a QoQ basis primarily due to decline in gross margins and higher…

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