Author Topic: ISL -- International Steel Limited  (Read 191186 times)

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Offline MFA

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Re: ISL -- International Steel Limited
« Reply #1059 on: September 17, 2018, 12:14:37 PM »
Seems no support before July 2018 low of 85 ?

Pakinvestorsguide

Re: ISL -- International Steel Limited
« Reply #1059 on: September 17, 2018, 12:14:37 PM »

Offline rz khan

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Re: ISL -- International Steel Limited
« Reply #1060 on: September 19, 2018, 02:50:15 AM »
Forecast : International Steels

Bad days are over. On Friday-Monday, the script completely closed below the lower clouds of BB with RSI touching lesser than RSI 30 on intra-day basis. Result, is an UL on Tuesday which will extend to Wednesday as well.

Expect minimum 101.5 till UL on intraday.

Expect profit taking either at start of the day or at end day.

MACD divergence is still weak at "-1.3" so be cautious.

However, after 101.5 and 104, its next target is 115 anywhere in the next week or so. But before that wait for dips to increase your gains.

Offline MZ

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Re: ISL -- International Steel Limited
« Reply #1061 on: October 15, 2018, 10:29:55 PM »
INTERNATIONAL STEELS LIMITED (ISL): 1QFY19 EPS EXPECTED AT PKR 2.20, DOWN 5%YOY

Monday, 15 October 2018

BY: TAURUS SECURITIES LIMITED

International Steels Limited (ISL) is expected to announce its 1QFY19 financial results on October 16, 2018, wherein the flat steel roller is expected to post a PAT of PKR 956mn (EPS: PKR 2.20), as against PAT of PKR 1.0bn (EPS: PKR 2.31) in the SPLY, down by 5%YoY.
During 1QFY19, we forecast sales revenue to jump by 12%YoY due to an increase in average selling prices of ~14%YoY, however gross profit is expected to fall by 15%YoY as cost of sales is expected to rise by 17%YoY, with margins expected to shrink to 12.57%. A decline of 3.95pps YoY mainly on the back of i) PKR devaluation, ii) lower than expected volumes, and iii) rise in HRC prices by 7%YoY.
Further, finance cost is expected to rise by 85%YoY due to increase in borrowings made to fund expansions, while taxes on the other hand are expected to see a decline of 77%YoY as the company avails tax credit available on its 450k CRC expansion.

Offline MZ

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Re: ISL -- International Steel Limited
« Reply #1062 on: October 15, 2018, 10:30:10 PM »
INTERNATIONAL STEEL MILLS LIMITED (ISL): EPS TO CLOCK IN AT PKR 2.19, DOWN BY 16% QOQ

Monday, 15 October 2018

BY: ABA ALI HABIB SECURITIES (PRIVATE) LIMITED

ISL is expected to announce its 1QFY19 results on 16th October 2018. We expect the company to record an EPS of PKR 2.19 (PAT: PKR 951mn) as against EPS of PKR 2.31 (PAT: PKR 1003mn) in SPLY, down by 5% YoY. The decrease in earnings could be attributable to decrease in gross profit margins by 4pps YoY and 1pps QoQ to 13%. We expect the company to have faced difficulty in selling CRC despite new expansion coming online owing to Russian influx in the market.
The finance cost is likely to clock in at PKR 199mn during the first quarter, up by 10% QoQ. We have anticipated the effective tax rate for the quarter to clock in at 28%, taking in impact of tax credit.
We have a BUY stance on the scrip with Dec’18 TP of PKR 100, implying an upside of 25%.

Offline MZ

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Re: ISL -- International Steel Limited
« Reply #1063 on: October 16, 2018, 09:21:42 PM »
INTERNATIONAL STEELS LIMITED (ISL): 1QFY19 EPS AT RS1.9, DOWN 16% YOY

Tuesday, 16 October 2018

BY: FOUNDATION SECURITIES (PVT.) LIMITED

International Steels Limited (ISL PA) profitability clocked in at Rs841mn (EPS Rs1.9) down 16%/26% YoY/QoQ in 1QFY19.
ISL revenue increased/decreased by 5%/12% YoY/QoQ in 1QFY19, increase in revenue growth is attributed to higher prices. Furthermore, on sequential basis company’s revenue is decreased due to lower Two/Three wheeler production ( down 3% YoY in 1QFY19) and slow down in LSM growth.
Company gross margins decreased/increased by 2.1/0.3 ppt YoY/QoQ in 1QFY19. Decrease in margins is mostly due to inventory adjustment and increase in direct cost.
ISL other operating expenses have decreased by 25%/21% YoY/QoQ in 1QFY19. These expenses include gain/loss on derivative financial instruments.

Offline MZ

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Re: ISL -- International Steel Limited
« Reply #1064 on: October 16, 2018, 09:22:06 PM »
INTERNATIONAL STEELS LIMITED (ISL): EPS DECLINES 16%YOY IN 1QFY19

Tuesday, 16 October 2018

BY: PEARL SECURITIES LIMITED

International Steels Limited announced its 1QFY19 profit after tax at PKR841mn (EPS PKR1.93) as against PKR1,003mn in the corresponding quarter of last year, a decrease of 16%YoY. The decline in earnings is primarily on the back of lower gross level margins and higher financial expense.
Top-line improved by 5%YoY to PKR11,232mn during 1QFY19 as compared to PKR10,708mn in the same quarter last year.
The increase in top-line is on the back of higher selling prices during 1QFY19.
Finance cost was up 153%YoY in 1QFY19 while other income arrived 202%YoY higher at PKR78mn.

Offline MZ

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Re: ISL -- International Steel Limited
« Reply #1065 on: October 16, 2018, 09:22:31 PM »
INTERNATIONAL STEEL MILLS LIMITED (ISL): EPS CLOCKED IN AT PKR 1.93, DOWN BY 26% QOQ.

Tuesday, 16 October 2018

BY: ABA ALI HABIB SECURITIES (PRIVATE) LIMITED

ISL announced its 1QFY19 results on 16th October 2018. The company recorded an EPS of PKR 1.93 (PAT: PKR 841mn) as against EPS of PKR 2.31 (PAT: PKR 1003mn) in SPLY, down by 16% YoY. The gross profit margins clocked in at 14.4% as against 14.1% in 4QFY18 and 16.5% in 1QFY18. The decline in topline by 12% QoQ could be due to difficulty in selling CRC despite new expansion coming online owing to Russian influx in the market.
The finance cost clocked in at PKR 285mn during the first quarter, up by 57% QoQ and 1.53x YoY. The effective tax rate for the quarter clocked in at 26%, taking in impact of tax credit.
We have a BUY stance on the scrip with Dec’18 TP of PKR 100, implying an upside of 32% .

Offline MZ

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Re: ISL -- International Steel Limited
« Reply #1066 on: October 16, 2018, 09:22:50 PM »
INTERNATIONAL STEELS (ISL): 1QFY19 EPS RS1.9, -16% YOY (-26% QOQ); (BELOW EXPECTATIONS)

Tuesday, 16 October 2018

BY: TOPLINE SECURITIES (PRIVATE) LIMITED

International Steels (ISL) recorded 16% YoY decline in earnings to Rs1.9/share, mainly on back of decline in GP margins by 2.1ppts YoY to 14.4% amid rising raw material (HRC) cost and rupee devaluation. CRC prices during outgoing quarter were up by 6% YoY while Pak rupee has seen devaluation of 18% YoY to average Rs124 per US$ in 1QFY19.
Sales of the company witnessed drop of 12% on sequential basis, which suggest volumetric decline of 10-15% QoQ in our view despite of the expanded capacity which came online in end of Jun 2018.
On top of that, finance cost of the company went up by 153% YoY as last year the company was capitalizing its amount. Further, higher interest rate (KIBOR) is also one of the reason behind upsurge in finance cost

Offline MFA

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Re: ISL -- International Steel Limited
« Reply #1067 on: October 17, 2018, 10:03:46 AM »
Disappointed result !
Unless ISL announces increase in their product price, which also carries risk of more competition from importers, margins will remain under pressure. Lets see where it bottoms out...

Offline Avi2013

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Re: ISL -- International Steel Limited
« Reply #1068 on: October 22, 2018, 01:15:22 PM »
Good for Long term  :fingerscrossed1:
Buy
PIAA , PAEL , ICL , AHCL , BERG
for long term strategy :)

Offline 007

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Re: ISL -- International Steel Limited
« Reply #1069 on: October 22, 2018, 04:18:18 PM »
short opened at 80.50

Tags: sabir ISL info