PakStox Outlook

OGDC is trading at a market price of Rs. 134.2, with a low price-earnings ratio of 2.4 and a very low price-to-book ratio of 0.5. In the last 52 weeks, the OGDC stock reached a high of Rs. 158.59 and touched a low of Rs. 73.1. OGDC has paid a total of Rs. 8.85 as cash dividends in the last four quarters. Over the past 6 months, the stock of OGDC has gained by 32%, compared to the 56% return of the KSE100 Index. And, over the course of the last year, the stock of OGDC has gained by 56%, compared to the 69% return of the KSE100 Index. OGDC has not issued any shares in the last five years. Currently, OGDC has a market cap of Rs. 577,228 million. The market cap of OGDC has increased by just 0.1% in the last five years.  OGDC has good weighting in PSX-indices. KSE100 Index: 3.81%, KSE30: 5.42%, and KMI30: 7.64%. See OGDC Market Price Chart. See OGDC Key Valuation Metrics See OGDC Earnings Note.

OGDC | Oil & Gas Development Company Limited Earning Release Q3-Mar 2024 OGDC announced earnings per share (EPS) of Rs. 11.12, compared to Rs. 15.03 in the same quarter last year. A cash dividend of Rs. 2 per share was declared for this third-quarter.  On a 9-month basis, OGDC announced EPS of Rs. 39.78, compared to an EPS of Rs. 37.12 last year.  OGDC earned a profit after tax of Rs. 47,808 million for the third-quarter of 2024. Registering a decrease of 26.0% over last year. In terms of the components of profit and loss, ↗ Revenue increased by 6.5% in this quarter compared to last year,  = Gross profit remaining stagnant, ↘ EBIT decreased by 17.7%, ↘ Profit before tax decreased by 18.5%. The tax rate for the quarter was 41.2%, which was higher by 6.0% compared to the same quarter last year. That eroded the bottom line further. The gross profit margin for the quarter was 64.2%, which was lower than 4.1% in the same quarter last year. To give a historic context to the...

The KSE100 Index closed at 70,657 losing 445 points, down -0.63%. (02 May 2024) The KSE100 Index had lost 445 points today. In the last 4 trading sessions, it has lost over 2000 points, primarily on policy rates remaining elevated at 22%. Despite that, or because of that, a good amount of ‘foreign corporates’ buying continues at PSX. Today, their net buying was over $2.4 million. Even ‘oversea Pakistanis’ were net buyers. In the local investor category, all sold except insurance companies, but their net buying was less than $0.5 million. The Market is generally pressured in its recovery mode when even mutual funds tend to be net sellers. ‘Other organizations’ (whoever they are) were major net sellers in the ‘local’ category with $1.6 million in net sale. See Major gainers and losers today. Also table of Local Investors activity.

AGP | AGP Limited  Earning Release Q1-Mar 2024  AGP announced earnings per share (EPS) of Rs. 1.47, compared to Rs. 1.16 in the same quarter last year.  The company did not declare any dividends in this quarter.  AGP earned a profit after tax of Rs. 412.7 million for the first quarter. Registering an increase of 26.9% over last year.  In terms of the components of the profit and loss;  ↗ Revenue increased by 35.1%,  ↗ Gross profit increased by 21.3%.  ↗ EBIT increased by 85.1%,  ↗ Profit before tax increased by 47.0%.  The tax rate for the quarter was 30.9%, which was higher by 10.9% compared to the same quarter last year. The gross profit margin for the quarter was 41.7%, which was 4.7% lower than the same quarter last year.  A slight pressure on gross margin, coupled with a substantial increase in financial charges from Rs. 31 million in the first quarter last year to Rs. 213 million this quarter, has impacted the company's profit...

PIBTL | Pakistan International Bulk Terminal Earning Release Q3-Mar 2024 Announced earning per share (EPS) of Rs. 0.19, compared to a loss per share of Rs. -1.32 in the same period last year. No dividend was declared in this period. On a 9-month basis, PIBTL announced EPS of Rs. 0.78 compared to loss per share Rs. -1.45 last year. PIBTL earned a profit after tax of Rs. 335.6 million for the third-quarter. Change on comparative figures of same quarter last year is not relevant as the company was sustaining losses. It is from fourth quarter last year that the PIBT has started turning a profit. PIBTL now, on a twelve-month trailing basis, has a profit after tax of Rs. 1,818.3 million previously it was a loss.  In addition to problems with revenue the company is susceptible to exchange losses  that hit the bottom line hard. In this quarter PIBT booked an exchange gain of Rs. 81 million while last year it was a loss of Rs. 1.55 billion. The ta...

TREET | Treet Corporation Limited Earning Release Q3-Mar 2024 An earning per share (EPS) of Rs. 0.29, compared to EPS of Rs. 0.45 in the same period last year. No dividend was declared in this period. On a 9-month basis, TREET announced a loss per share of Rs. -0.65 compared to an EPS of Rs. 1.61 last year. TREET earned a profit after tax of Rs. 63.9 million for the third-quarter. In terms of the components of the profit and loss statement; ↗ Revenue increased by 5.2%, ↘ Gross profit decreased by 6.5%, ↗ EBIT increased by 3.0%, ↘ Profit before tax decreased by 48.4%. The tax rate for the quarter was 35.0%, which was lower by 14.3% compared to the same quarter last year. The gross profit margin for the quarter was 32.1%, which was lower by 4.0% compared to the same quarter last year. TREET did face gross margin pressure and higher operating costs, but the main hit to the quarterly profit was from financial changes that were higher by Rs 108 million over last year. TREET did manage to po...

Today, the KSE100 Index lost 592 points and closed at 71,103. Yesterday, it had lost more than 1000 points. Today, initially, the index had risen more than 400 points, but it later entered negative territory and ended the day, breaking the intra-day level of 72k. After making a net buy of a huge amount of over $3.5 million yesterday, the ‘Individuals’ today were in a selling mood and made a net sale of $2.8 million as the KSE100 lost 590 points. This is the biggest net sale in the local investor category. The other biggest seller category was ’other organization’ ( i.e., not fitting in any category). The activity of ‘Individuals’ is without a pattern at PSX, and their stance is generally opportunistic. Encouragingly, mutual funds were net buyers today, though for a small amount. The ‘Foreign Corporate’ made a good amount of net buying of $2.64 million. Even overseas Pakistanis were net buyers today. Yesterday evening, after the market closed, the Monetary Policy Committee of the Pakist...

The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged, at 22 percent. The Monetary Policy Statement, noted, that; The economic recovery has been moderate, and the level of inflation is still high. And, the upcoming budgetary measures may have implications for the near-term inflation outlook. Meaning it could worsen, as IMF conditions will only curtail demand and increase inflation further. The interest payments have increased due to high debt levels and the government’s reliance on expensive domestic borrowing. As a result, the overall deficit increased to 2.6 percent of GDP during July–January FY24 from 2.3 percent in the same period last year. Uncontrolled government expenditure stands as the single greatest challenge to our economic and public financial health. Without a demonstrable commitment to fiscal discipline, the economic outlook will continue to deteriorate. The committee also noted that this inflation outlook is susceptible to risks emanating from th...

Pak Oilfields (POL) reported earnings per share (EPS) of Rs. 43.55 for the 3rd quarter (Mar 2024), down from Rs. 57.2 last year. No cash dividend was declared. Normally, POL pays cash dividends with half-yearly and annual results. On a nine-month basis, the EPS was Rs. 105.5, showing a modest decrease from Rs. 107.8 last year. Net income after tax for the third quarter was Rs 12.36 billion, around 24% down compared to the third quarter last year. The main reason for the decline was on account of 'other income', though the gross profit was slightly up this year and financial charges were substantially reduced by over 87%. But the decline in 'other income' from Rs. 14.3 billion in the 3rd quarter last year to just Rs. 3.98 billion this year had a huge negative impact on the profit this quarter. Note that the other income last year was unusually high and has since normalized. Exploration costs of Rs 316 million were down 63% over last year. The POL tax rate was around 10% ...