PakStox Outlook

Sui Southern Gas Co Ltd., (PSX:SSGC) released earnings for first quarter financial year 2022 (September 2021).  SSGC earned Rs. 0.84 per share in the 1Q-2022 (Sep-2021), while it had a loss of Rs. 0.82 per share in Sep2020. This quarter SSGC earned Rs.3,469 million as a gross profit while it had a gross loss in Ist quarter of Sep 2020. Share Price (Rs.) 1 Month 3 Month 1 Year SSGC 10.12 -7.16% -4.89% 6.53% Due to a plethora of issues SSGC is delayed in its financial statements but is catching up. Download the announcement.

The Board of Directors of the Avanceon Limited (PSX:AVN) has approved the disposal of Avanceon LP, a Pennsylvania USA limited Partnership,  In consideration of; 1. One Million Five Hundred Thousand Dollars ($1,500,000) and, 2. The transfer of rights of trademark and/or service mark/brand "AVANCEON" to Octopus Digital Inc. Pennsylvania USA (formerly Engro Innovative, Inc.) the SPV, ultimately to its parent company "Avanceon FZE Dubai UAE", in the territories forming part of the world other than United States, Canada or Mexico (“North America”). https://dps.psx.com.pk/download/document/205699.pdf

Pakistan Oilfield Ltd (PSX:POL) is trading at a very low Price to Earning Ratio (PE) of less than4 and a low Price to Book (PBV) of close to 2. POL pays a cash dividend twice a year and currently has a high dividend yield of 17%. In a structured portfolio a weight of 2.5% is recommended for POL. The latest annual EPS in 2022 was over Rs. 90, which is almost double compared to any earning per share in recent years. On a trailing twelve month basis, EPS remains high. 

Pakistan Oilfields Ltd (PSX:POL) holds substantial quoted and not quoted investments.  In quoted investments, POL holds 19,991,640 ordinary shares (i.e. 25% of the issued capital) of National Refinery Limited (PSX:NRL). POL also holds 6,984,714 shares  (i.e. 7% of the issued capital) of Attock Petroleum Limited (PSX:APL). Both, NRL and APL are listed on Pakistan Stock Exchange.

For full year Jun 2022, Pakistan Oilfields Ltd (PSX:POL ) earned profit after tax of Rs 25.93 billion (2021: Rs.13.38 billion), which is higher by 93.8% on last year. The profit translates into earnings per share of Rs 91.37 (2021: Rs 47.14 per share).  The increase in profit is mainly related to increase in average price of Crude Oil by 70.3% , Gas average price increased by 16.2%, notional exchange gain on bank balances, higher income on bank deposits because of higher deposits and profit rates. During the year productions of Crude Oil, Gas and LPG were lower by 10.9% and 9.6% and 2.2% respectively in comparison to last year mainly due to natural decline . POL share in production, including that from joint ventures, for the year under review averaged 5,528 barrels per day (bpd) of crude, 70.75 million standard cubic feet per day (mmscfd) of gas, 151.83 metric tonnes per day (MTD) of LPG, 1.30 MTD of Sulphur and 51 bpd of solvent oil. Download POL Annual Report Jun 2022 Also See: ...

Pakistan Oilfields Limited (PSX:POL) is incorporated in Pakistan as a public limited company. The Company is engaged in exploration, drilling and production of crude oil and gas in Pakistan. Its activities also include marketing of liquefied petroleum gas under the brand name POLGAS and transmission of petroleum. POL is a subsidiary of The Attack Oil Company Limited, UK and its ultimate parent is Coral Holding Limited. Attock Oil Ltd holds 52.77% shares of POL. Company Name: Pakistan Oilfields Limited PSX Ticker: POL Market Cap of POL was Rs. 121.bn. PSX Sector: OIL & GAS EXPLORATION  Year End: June Issued Ordinary Shares: 283.8 Million  Free Float: 45.75% For More info on POL: http://www.pakoil.com.pk https://dps.psx.com.pk/company/POL https://www.pakstox.com/search/label/POL Investments/Holdings: In 2005, POL acquired a 25% share in National Refinery Limited (listed on PSX trades under Ticker:NRL. NRL is the only refining complex in the country producing fuel products as...

EPCL: Notes from  Analysts Brief Presentation April 2023 PVC international prices witnessed an uptick in the initial two months of the quarter on the back of renewed demand and restocking activity in India. Prices then softened on the back of a hazy economic outlook, geopolitical turbulence, high volatility in international prices, slower than expected recovery in China, and an oversupply situation developing in India. Ethylene prices saw soft demand during the Lunar New Holidays in China; however, supply crunches kept the upward pressure on prices during the quarter. A slight dip was observed near the end of the quarter owing to bearish crude prices.

 "............ the price of oil increased from around $3/b in the early 1970s to more than $40/b in the early 1980s.  It decreased to a single digit in the mid-1980s only to increase to more than $40/b again after the Iraqi invasion of Kuwait.  Prices declined to a single digit again in early 1999, only to exceed $55/b in June 2005."  Read on: The Optimal Price of OPEC’s Oil-  A F Alhajji

PABC: Notes on Full year December 2022 earnings. EPS: PK₨ 7.48 (vs PK₨ 4.37 in FY 2021). No cash dividend.  In the fourth quarter PABC earned only Rs. 0.65 per share, which is down 74 on the third quarter and 85% on the same quarter last year. In the fourth quarter PABC sales declined substantially compared to third quarter and last year. Higher tax charges also affected the profit for the fourth quarter for the year ending Dec 2022.  Despite a 71% rise in profits no dividend was declared. Directors cited economic conditions for not giving the shareholders there due. There are signs in this as to the future dividend expectations. This corporate behavior is a major issue in the stock market of Pakistan.  Share Price (Rs.) 3 Month 1 Year 40.5 -1.34% 37.29%