Brokerage

AKD Quotidian about — BAFL: Fulfilling its potential!

Karachi, March 21, 2013 (PPI-OT): Post a solid set of results in CYI2, AKD Securities raises EPS estimates across AKD Securities forecasts horizon by 7% on average and also rollover AKD Securities financial model to CYI3F. According to AKD Securities however, assign a higher discounting factor (to account for a stricter regulatory stance) due to […]

AKD Quotidian about — NML: TP raised to PkR1OS/share

Karachi, March 20, 2013 (PPI-OT): Despite the 28.4% CYTD increase in the stock price of NML AKD Securities continues to see further upside potential, where AKD Securities discounted cash flow valuation leads us to AKD Securities revised Jun’13 TP of PkRI 08/share, offering upside of 32%%. According to AKD Securities buy! NML posted impressive bottom-line […]

AKD Quotidian about — Pakistan Banks: Another rap on the knuckles

Karachi, March 18, 2013 (PPI-OT): The SBP has notified that from Apr 1’13 onwards, all banks will be required to pay interest on savings deposits on average monthly balances. According to AKD Securities considering that some savings products calculate interest on the minimum balance in the month, this regulatory change will serve to increase cost […]

AKD Quotidian about — NBP: Discounted pricing balanced by low ROE

Karachi, March 15, 2013 (PPI-OT): AKD Securities updates financial model for NBP post release of CYI2 accounts whereby AKD Securities targets price inches up to PkR57.SOfshare (PkR48.50/share after XDXB). According to AKD Securities expects NBP to eke out marginal growth in CY13F, although prospects for positive earnings surprises remain if sizeable capital gains backlog (PkRB.3bn […]

AKD Securities Equity Research

Karachi, March 14, 2013 (PPI-OT): Corrective Profile Short- Term View: The benchmark KSE encountered resistance around the 50% retracement of 18312 to 17491 descend at 17902 yesterday. According to AKD Securities today, the index can recede back to minute supports around 17633 and 17579. In case of a break above 17902 17930 the index would […]

27th CACCI Conference kicks off in Cebu

Karachi, March 14, 2013 (PPI-OT): Major stakeholders of both the Government and business organizations shall lead the opening ceremony of the 27th CAACI Conference being held on 15th March 2013 at Cebu city of Philippines, under the theme “Asia Pacific: Catalyst to Global Recovery” . Rene Almendras, Cabinet Secretary of the Government of Phillipines will […]