External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Fauji Fertilizer Company / Equity Bottom-Up

<ul><li>The management of Fauji Fertilizer (FFC) and Fauji Fertilizer Bin Qasim (FFBL) held their corporate briefings today to discuss financial result and future outlook of the company.</li><li>Regarding recent merger notification of FFBL and FFC, the management informed that the ratio has not finalized yet. They have hired the consultant (KPMG) and ratio would be finalized by the end of next month (i.e. Sep).</li><li>Management commented that the FFC has firm contract with supplier to provide gas at current rates till 2029. Any change in the gas prices will be welcomed and the company has potential to pass on the impact. However, fertilizer association has recommended Govt to bring all manufacturers to Mari network.</li></ul><p><em>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.</em></p>

The management of Fauji Fertilizer (FFC) and Fauji Fertilizer Bin Qasim (FFBL) held their corporate briefings today to discuss financial result and future outlook of the company.Regarding recent merger notification of FFBL and FFC, the management informed that the ratio has not finalized yet. They have hired the consultant (KPMG) and ratio would be finalized by the end of next month (i.e. Sep).Management commented that the FFC has firm contract with supplier to provide gas at current rates till 2029. Any change in the gas prices will be welcomed and the company has potential to pass on the impact. However, fertilizer association has recommended Govt to bring all manufacturers to Mari network.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.

Fauji Fertilizer (FFC) & Fauji Fertilizer Bin Qasim (FFBL): Corporate Briefing Key Takeaways