Engro Corporation Limited (ENGRO) - “Buy”; Selling Thermal Assets to Unlock Value
We reiterate our ‘Buy’ stance on Engro Corporation (ENGRO) with a Dec-2024 Target Price (TP) of Rs490/share, offering a potential upside of...
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Pakistan Strategy: Record Corporate Profitability in 1QFY24
KSE index companies recorded highest ever quarterly earnings (PAT) of Rs417bn up 52% YoY (+16% YoY in US$) in 1QFY24, which is higher than...
239 Views
Engro Corporation (ENGRO): Earnings Revised Up, ‘BUY’ Maintained
We revise up our earnings for Engro Corporation (ENGRO) by 20% for 2019 to Rs35/share (earlier Rs29/share) as Engro’s 660MW Power Plant (EPTL) is...
379 Views
Pakistan Fertilizer: Sector Earnings up by 47% YoY in 1Q2018
Pakistan’s fertilizer sector started 2018 with robust profitability growth of 47% YoY due to increase in urea sales volume by ~43% YoY to 1.2mn...
85 Views
Pakistan Strategy: MSCI Semi Annual Review, Pakistan Weight in MSCI EM Likely to Fall
MSCI semi annual index review is scheduled on Nov 13, 2017 where Pakistan’s weight in MSCI EM index is expected to be around 0.10% based on Oct 31,...
257 Views