External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Mari Petroleum Company (MARI) held its corporate briefing today to discuss 9MFY24 result and future outlook of the company.</li><li>MARI achieved highest-ever hydrocarbon sales of 29.93 MMBOE up 13% YoY in 9MFY24.</li><li>MARI acquired 16 new exploration blocks in last three years including ADNOC offshore Block 5.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mari Petroleum Company (MARI) held its corporate briefing today to discuss 9MFY24 result and future outlook of the company.MARI achieved highest-ever hydrocarbon sales of 29.93 MMBOE up 13% YoY in 9MFY24.MARI acquired 16 new exploration blocks in last three years including ADNOC offshore Block 5.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Topline Flash Note: Mari Petroleum Company - MARI - Corporate Briefing Key Takeaways

Cross Asset Strategy

<ul>
<li>After a lot of uncertainties, Pakistan Elections are all set for February 8, 2024, to elect representatives for the National and Provincial Assemblies for the next 5 years (2024-2029).</li>
<li>Many political experts a few weeks back were not sure about timely elections due to legal, operational, and weather-related issues. Now it seems that all these issues have been settled, and the process is likely to be completed on time.</li>
<li>We in our detailed strategy note titled 'Stock Market Recovery Has Just Begun; Index Likely to Reach 75k in 2024,' dated November 18, 2023, mentioned that things are now looking stable, and elections are likely to happen on February 8, 2024, contrary to earlier fears that elections may be delayed for a few years.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


After a lot of uncertainties, Pakistan Elections are all set for February 8, 2024, to elect representatives for the National and Provincial Assemblies for the next 5 years (2024-2029).
Many political experts a few weeks back were not sure about timely elections due to legal, operational, and weather-related issues. Now it seems that all these issues have been settled, and the process is likely to be completed on time.
We in our detailed strategy note titled 'Stock Market Recovery Has Just Begun; Index Likely to Reach 75k in 2024,' dated November 18, 2023, mentioned that things are now looking stable, and elections are likely to happen on February 8, 2024, contrary to earlier fears that elections may be delayed for a few years.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Elections 2024 – High chances of a coalition government

Pakistan

Pakistan Petroleum Ltd. specializes in the exploration and production of crude oil and natural gas. The Company also sells liquefied petroleum gas and condensates.

Oil & Gas Development Co. Ltd. explores and develops oil and natural gas properties in Pakistan.

Pakistan Oil Fields Limited specializes in the exploration, drilling, production and transmission of petroleum.  The Company also markets Liquified Petroleum Gas (LPG).

Pakistan State Oil Company Limited specializes in the marketing and storage of petroleum and related products.  The Company also blends and markets lubricating oils.

Shell Pakistan Limited markets petroleum and petrochemical products. The Company also blends and markets different types of lubricating oils.

Par Pacific Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, owns and operates oil and gas refineries. Par Pacific refines, markets, transports, and distributes crude oil in the United States and Canada.

SK Gas Ltd imports, stores, and distributes liquefied petroleum gas (LPG). The Company supplies its products mainly to domestic market for household, the transportation industry, and petrochemical products manufacturers.

United Energy Group, Ltd. is engaged in the exploration and production of oil and natural gas. The Company owns and operates a producing oilfield Liaohe Province of the P.R. of China and owns an interest in an exploration field in Madura PSC, Java, Indonesia.  UEG mainly engages in the upstream oil and natural gas business.

Delek US Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, focuses on the petroleum refining, logistics, and convenience store retailing. Delek US Holdings gathers and transports crude oil, as well as markets, distributes, and stores refined production in the Southeast United States and West Texas.

Sinopec Kantons Holdings Limited trades crude oil, petroleum and petrochemical products.  The Company also operates a crude oil jetty and its ancillary facilities and petrol stations.

Shanghai Datun Energy Resources Co., Ltd. explores, washes, and produces a variety of coal products for sales to the manufacturers of steel, gas, and electric power. Shanghai Datun also produces alumina, owns, manages, and operates coal-fired power plants, and provides coal railway transportation services.

Geo-Jade Petroleum Corporation is a petroleum technology and investment company. The Company's business includes oil exploration, petrochemical technology development and investment, and oil refining.

Banpu Public Company Limited mines for coal and other minerals. The Company produces thermal coal and coking coal, and have expertise in open-pit and underground coal mining operations, as well as coal-fired power generation.  Banpu PCL has business bases in Thailand, Laos, Indonesia, China, Australia and Mongolia.

Green Plains Inc. owns and operates ethanol plants located in the Midwest U.S. The Company also markets and distributes fuel grade ethanol, livestock feed and industrial grade corn oil. Green Plains provides grain handling, storage and complementary agronomy services to local grain producers through grain elevators located in Iowa, Missouri, Nebraska and Tennessee.

Mari Petroleum Co Ltd specializes in the drilling, production and selling of natural gas.

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Mari Petroleum (MARI PA)

Topline Flash Note: Mari Petroleum Company - MARI - Corporate Briefing Key Takeaways

Mari Petroleum Company (MARI) held its corporate briefing today to discuss 9MFY24 result and future outlook of the company. MARI achieved...

Topline Securities

Pakistan Elections 2024 – High chances of a coalition government

After a lot of uncertainties, Pakistan Elections are all set for February 8, 2024, to elect representatives for the National and Provincial...

Topline Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)