PakStox Outlook

EFERT, First Quarter March 2023, Earning Release: EPS : Rs. 4.13, up 2% on the previous quarter and up 17% over the same quarter last year. Cash dividend : Rs. 3.5 per share. The trailing twelve-month cash dividend is Rs. 11.5. Price (Rs.) 1 Month 6 Month 1 Year 86.75 -3.6% 6.6% -7.8% Sales for the quarter were higher by 34% over the previous quarter and 37% over the same quarter last year. Gross profit for the quarter were higher by 28% over the previous quarter and 26% over the same quarter last year. Profit after tax for the quarter was higher by 2% over the previous quarter and 17% over the same quarter last year. PAT in the previous quarter (December 2022) was boosted because of a tax reversal. EFERT is trading at Rs 86.75, with a price-to-earnings ratio of 7.1, a price-to-book ratio of 2.7, and a attractive dividend yield (trailing twelve months) of over 13.3%. Download EFERT Earning Release 1QMar23 See Key Financials of EFERT; EFERT: Engro Fertilizers Limited Rs. in Millions 1Q...

The KSE 100 Index is sustaining above 40k and appears to have absorbed another hike in the policy rate that has taken the policy rate to 21%.  More over. No more selling pressure in the market, foreign or otherwise. And despite taking a hit in profitability, listed companies are generating a relatively good dividend stream. Further, the valuation measures are at historic lows. Companies buying back their own shares. Insiders are lifting big chunks and building positions.

EPCL First Quarter-Mar 2023 Earnings released. EPS Rs. 1.31 down 50% over previous quarter.  Cash dividend (interim) Rs. 1/- per share. EPCL (Rs.) 1 Month 6 Month 1 Year 44.44 -5.7% -22.9% -46.8%

Cash Dividend Announcements today: EFERT:  An Interim Cash Dividend for the first quarter ended March 31, 2023 at Rs. 3.50 per share i.e. 35%. See announcement . LOTCHEM: An Interim Cash Dividend for the first quarter ended March 31, 2023 at Rs. 2.00 per share i.e. 20%. See announcement . EPCL: An Interim cash dividend for ordinary shareholders for the period ended March 31, 2023, Rs 1.00 per share i.e. 10.00%. See announcement.

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.