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.

Thematic (Sector/Industry)

Consumer Price Index (CPI) inflation for Dec 2016 stood at 3.7% YoY as compared to 3.8% in Nov 2016. Inflation remained below market expectations. On MoM basis, inflation declined by 0.68%, which is a 22-month low, as against an increase of 0.2% in previous month, on the back of significantly lower food inflation. Food inflation that contributes around 35% to the total headline CPI inflation was up 2.4% YoY in Dec 2016 vs. 2.5% in Nov 2016. On MoM basis, food inflation declined by 2.3%, which is…

Consumer Price Index (CPI) inflation for Dec 2016 stood at 3.7% YoY as compared to 3.8% in Nov 2016. Inflation remained below market expectations. On MoM basis, inflation declined by 0.68%, which is a 22-month low, as against an increase of 0.2% in previous month, on the back of significantly lower food inflation. Food inflation that contributes around 35% to the total headline CPI inflation was up 2.4% YoY in Dec 2016 vs. 2.5% in Nov 2016. On MoM basis, food inflation declined by 2.3%, which is…

Frontier and emerging markets (Vietnam)

Dylan Waller

Nomadic Equity

Investors should not continue to overlook Pakistan's stock market, which stands out for its strong performance and PER discount to other frontier markets in Asia.  A potential emerging market upgrade announcement has the potential to be a catalyst for well deserved increased recognition for this country's stock market.  The MSCI will be reviewing Pakistan's eligibility today.  The index has returned a modest 6.72% in the past year, yet an emerging market upgrade in 2017 has the potential to…

Investors should not continue to overlook Pakistan's stock market, which stands out for its strong performance and PER discount to other frontier markets in Asia.  A potential emerging market upgrade announcement has the potential to be a catalyst for well deserved increased recognition for this country's stock market.  The MSCI will be reviewing Pakistan's eligibility today.  The index has returned a modest 6.72% in the past year, yet an emerging market upgrade in 2017 has the potential to…

Pakistan's Pharmaceutical Industry: Potential FDA Approval/Drug to Rival Gilead

Pakistan

The Searle Co Ltd manufactures and sells pharmaceutical and healthcare products. The Company also sells a range of food products and consumer items.

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The Searle (SEARL PA)

Pakistan Inflation Review - Dec 2016

Consumer Price Index (CPI) inflation for Dec 2016 stood at 3.7% YoY as compared to 3.8% in Nov 2016. Inflation remained below market expectations....

Topline Securities

Pakistan's Pharmaceutical Industry: Potential FDA Approval/Drug to Rival Gilead

Investors should not continue to overlook Pakistan's stock market, which stands out for its strong performance and PER discount to other frontier...

Nomadic Equity

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