External broker reports(aggregated public sources), Topline Securities

Topline Securities

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.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Hub Power Company (HUBC) announced its 1QFY25 result wherein company reported earnings of Rs19bn (EPS of Rs14.74), up 12% YoY while down 7% QoQ.</li><li>HUBC did not declare a dividend for 1QFY25, falling short of industry expectations. This could be due base plants early expiration and focus on expansions, in our view.</li><li>Topline decreased by 5% YoY and 9% QoQ to Rs32bn in 1QFY25 primarily due to lower load factor on Narowal plant, China Hub Power Generation (CPHGC) and Thar Energy Limited (TEL).</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>

Hub Power Company (HUBC) announced its 1QFY25 result wherein company reported earnings of Rs19bn (EPS of Rs14.74), up 12% YoY while down 7% QoQ.HUBC did not declare a dividend for 1QFY25, falling short of industry expectations. This could be due base plants early expiration and focus on expansions, in our view.Topline decreased by 5% YoY and 9% QoQ to Rs32bn in 1QFY25 primarily due to lower load factor on Narowal plant, China Hub Power Generation (CPHGC) and Thar Energy Limited (TEL).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.

Hub Power Company (HUBC): 1QFY25 EPS at Rs14.74, up 12% YoY While Down 7% QoQ