Author Topic: ENGRO -- Engro Corporation Limited  (Read 1772713 times)

0 Members and 2 Guests are viewing this topic.

Offline Farzooq

  • Administrator
  • Senior Member
  • *****
  • Posts: 21959
  • Thanks Received: 196
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16119 on: July 23, 2018, 12:16:17 PM »
ENGRO: Sale of stake in EPTL to add to the cash pile

Engro Corporation (ENGRO), through a stock filing, announced sale of its 29% stake in Engro Elengy Terminal Pakistan Limited (EPTL) to Vopak LNG Holding BV (Vopak) for a consideration of USD38mn.

To recall, EPTL started commercial operations in Mar’15, where the project was built at a cost of USD125mn with a re-gasification capacity of up to 690mmcfd of LNG.

ENGRO holds 80% stake in the company which is now expected to reduce to 51% taking total share holding to as follows

Following the transaction, ENGRO is likely to book a one-time capital gain of PKR8.4/sh (before taxation) while the cashflow impact of the transaction will be around PKR9.3/sh.

The proceeds of the sale will add to Engro’s cash pile which is expected to jump from PKR65bn in 1Q18 to PKR69bn (PKR132/sh).

EPTL contributed ~16% (PKR2.88/sh) to ENGRO’s bottom line in CY17 where the contribution is now expected to reduce by 5% due to divestment of stake to PKR2.4-2.8/sh over CY19-20E.

We maintain our Neutral stance on ENGRO with a SoTP-based TP of PKR330/sh.
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl

Pakinvestorsguide

Re: ENGRO -- Engro Corporation Limited
« Reply #16119 on: July 23, 2018, 12:16:17 PM »

Offline kpall99

  • Junior Member
  • **
  • Posts: 336
  • Thanks Received: 2
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16120 on: August 02, 2018, 11:37:28 AM »
Engro’s 660MW plant connected to national grid 


LAHORE: The National Trans­mission and Despatch Company (NTDC) on Wednesday connected Engro’s 660MW coal-fired power plant (Thar) with national grid after it completed a mega project of laying 500kV double circuit quad bundle transmission line originating from Jamshoro.

“We have laid a 282km long transmission line within two and half years,” NTDC’s Managing Director Zafar Iqbal told Dawn. “The line, after starting from Jamshoro, passes through Matiari (near Hyderabad) and finally in the Tharparkar district, enabling us to connect this plant. At present, it is fully energised,” he added.

According to an NTDC spokesman, the transmission line was tested and energised successfully while connecting it with the plant.

“The transmission line will enable us to evacuate 660MW of power from this plant situated at Tharparkar. Power generated from here will be provided to far flung areas of Sindh through national grid,” he explained.

Published in Dawn, August 2nd, 2018
Risk comes from not knowing what you're doing. Warren Buffett

Offline aatradekhi

  • Senior Member
  • *****
  • Posts: 1418
  • Thanks Received: 0
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16121 on: August 16, 2018, 02:11:13 PM »
CONSOLIDATED
HY18 11.63 VS 7.21
2ND QTR  3.62 VS 1.67

UNCONSOLIDATED
HY18 7.20 VS 7.84
2ND QTR  1.20 VS -2.20


RS.7/- DIVIDEND

BOOK CLOSURE 18-09-2018 TO 25-09-2018

Offline Farzooq

  • Administrator
  • Senior Member
  • *****
  • Posts: 21959
  • Thanks Received: 196
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16122 on: August 16, 2018, 04:38:51 PM »
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl

Offline HAMDANI_Punjtani

  • Senior Member
  • *****
  • Posts: 1004
  • Thanks Received: 2
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16123 on: October 12, 2018, 06:29:58 PM »
Engro going towards 270
BOP,ENGRO,TGL,KEL,HASCOL,Efoods,Dgkc,ffbl

Offline Farzooq

  • Administrator
  • Senior Member
  • *****
  • Posts: 21959
  • Thanks Received: 196
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16124 on: October 18, 2018, 02:57:32 PM »
ENGRO: 9MCY18 earnings to clock in at PKR 18.52/share

Engro Corporation Limited (ENGRO) is scheduled to announce its 9MCY18 financial result on Oct 19th, 2018. We expect the company to post consolidated profit after tax (PAT) of PKR 9,701mn (EPS: PKR 18.52), as compared to PKR 6,916mn (EPS: PKR 13.20) recorded in the same period of last year. On the fertilizer business front, EFERT posted an 83% YoY growth to PKR 12,249mn during 9MCY18 amid 11% YoY higher urea prices along with 16% and 9% YoY growth in urea and DAP offtake respectively, during the period under review. While EFOODS posted a PAT of PKR 513mn in 9MCY18, depicting a 33% YoY increase on account of better margins on dairy segment amid higher prices. Moreover, profitability of Engro Polymer & Chemicals Limited (EPCL) clocked-in at PKR 3,865mn, significantly up by 98% YoY, given 8% YoY higher PVC production and 12% YoY PKR depreciation during 9MCY18. Additionally, we expect the Elengy business to post a bottom-line of PKR 518mn after successfully handling ~597mmcfd of RLNG in 3QCY18 as per our estimates. Along with the result, we expect the company to announce a cash dividend of PKR 7.00/share which brings 9MCY18 dividend to PKR 19.00/share (9MCY17 dividend: PKR 19.00/share).
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl

Offline Farzooq

  • Administrator
  • Senior Member
  • *****
  • Posts: 21959
  • Thanks Received: 196
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16125 on: October 20, 2018, 11:29:41 AM »
Earnings at PKR 7.36/share in 3QCY18, +23% YoY / +103% QoQ

Engro Corporation Limited (ENGRO) announced its 9MCY18 financial result whereby the company posted a bottom-line of PKR 9.95bn (EPS: PKR 18.99) in contrast to PKR 6.92bn (EPS: PKR 13.20) in SPLY, portraying a 44% upsurge YoY. While consolidated earnings for 3QCY18 arrived at PKR 3.86bn (EPS: PKR 7.36), up by 23% YoY / 2x QoQ. Along with the result, the company announced a cash dividend of PKR 7.00/share, taking cumulative 9MCY18 dividend to PKR 19.00/share (9MCY17: PKR 19.00/share).

Result Highlights

·         On the fertilizer business front, EFERT posted an 83% YoY growth to PKR 12,249mn during 9MCY18 amid 11% YoY higher urea prices along with 16% and 9% YoY growth in urea and DAP offtake respectively, during the period under review.

·         While EFOODS posted a PAT of PKR 513mn in 9MCY18, depicting a 33% YoY increase on account of better margins on dairy segment amid higher prices.

·         Moreover, profitability of Engro Polymer & Chemicals Limited (EPCL) clocked-in at PKR 3,865mn, significantly up by 98% YoY, given 8% YoY higher PVC production and 12% YoY PKR depreciation during 9MCY18.

·         Finally, the company booked effective taxation at 32% this year vs. 41% in 9MCY17 as the company booked super tax on capital gains recognized in the prior year.

 Recommendation

·         We have a “BUY” stance on ENGRO with a Dec’18 target price of PKR 343.13/share.
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl

Offline Moazzam

  • Junior Member
  • **
  • Posts: 205
  • Thanks Received: 5
    • View Profile
When investing, pessimism is your friend, euphoria the enemy.

Offline Farooq Qadir

  • Active Member
  • ***
  • Posts: 534
  • Thanks Received: 3
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16127 on: December 14, 2018, 12:15:21 PM »

Engro Corporation Limited (ENGRO): LNG partial sale to bring further cash of PKR4.3b; Earnings to drop by PKR0.7

Friday, 14 December 2018
By: Insight Securities (Private) Limited

In a recent notice, Engro Corporation Limited (ENGRO) has  disclosed that it has completed the sale of 24% stake of the total paid up  capital of Elengy Terminal Pakistan Limited (ETPL) to Vopak Holding B.V.  (VOPAK) for US$31.4m.

 ENGRO previously owned 80% stake in the company, which would  now dilute to 56%. VOPAK has also acquired 5% stake from IFC, which previously  held the remaining 20% (now 15%)

 Assuming PKR/USD at 138, we calculate one-off cash flow  impact of PKR4.3b (PKR8.3/share). This would add to ENGRO cash and short term  investments of PKR62.7b as at 9M2018.

 The transaction would result in a one-off capital gain of  PKR 7.3 per share for ENGRO in the unconsolidated books.
POL, ENGRO,ACPL,AHL,EFERT,ATRL,AICL,PAKRI, HBL,EFERT,BOP,OGDC

Offline eerizwan

  • New Member
  • *
  • Posts: 80
  • Thanks Received: 0
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16128 on: December 18, 2018, 06:37:22 PM »
Buying by management and Directors in Engro and Efert.what could be the reason. Is it matter of increasing share holding or some good dividend expected.

Offline Farzooq

  • Administrator
  • Senior Member
  • *****
  • Posts: 21959
  • Thanks Received: 196
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16129 on: February 18, 2019, 12:21:13 PM »
ENGRO: Earnings are expected to jump up by 52% YoY

Engro Corporation Limited (ENGRO) is scheduled to announce its CY18 financial result on Jan 19th, 2019. We expect the company to post a consolidated profit after tax (PAT) of PKR 14,310mn (EPS: PKR 27.32), as compared to PKR 9,406mn (EPS: PKR 17.96) recorded during last year. On the fertilizer business front, EFERT posted a solid 56% YoY growth to PKR 17,414mn during CY18 amid 25% YoY higher urea prices along with 11% and 20% YoY growth in urea and DAP offtake, respectively. While Engro Foods Limited (EFOODS) posted a PAT of PKR 64mn in CY18, depicting a down turn of 83% YoY on account of shrinking market share and lower volumes in dairy segment amid increased competition. Moreover, profitability of Engro Polymer & Chemicals Limited (EPCL) clocked-in at PKR 4,930mn, significantly up by 2.4x YoY, given 8% YoY higher PVC production and 14% YoY PKR depreciation during CY18. Additionally, we expect the Elengy business to post a bottom-line of PKR 584mn after successfully handling ~600mmcfd of RLNG in 4QCY18 as per our estimates. Additionally, the company is expected to book a one-off gain of PKR 7.39/share from the sale of Elengy Terminal Pakistan Limited (ETPL) (24% of paid-up capital) to Vopak LNG Holding Limited taking standalone earnings in 4QCY18 / CY18 to PKR 13.56/share / PKR 27.01/share. Along with the result, we expect the company to announce a cash dividend of PKR 5.00/share which would take CY18 dividend to PKR 24.00/share (CY17 dividend: PKR 21.00/share).
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl

Offline aatradekhi

  • Senior Member
  • *****
  • Posts: 1418
  • Thanks Received: 0
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16130 on: February 20, 2019, 10:23:43 AM »
ENGRO - Annual Result

EPS  2018  = 24.26 PKR
EPS  2017  = 17.96 PKR

Cash Dividend = 2.00 PKR (20%)
Bonus Share = 10%

Offline Farzooq

  • Administrator
  • Senior Member
  • *****
  • Posts: 21959
  • Thanks Received: 196
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16131 on: February 20, 2019, 12:05:00 PM »
Earnings at PKR 5.27/share in 4QCY18, +11% YoY

Engro Corporation Limited (ENGRO) announced its CY18 financial result whereby the company posted a bottom-line of PKR 12.7bn (EPS: PKR 24.26) in contrast to PKR 9.4bn (EPS: PKR 17.96) in SPLY, portraying a 35% upsurge YoY. While consolidated earnings for 4QCY18 arrived at PKR 2.8bn (EPS: PKR 5.27), up by 11% YoY and down by 28% QoQ. Along with the result, the company announced final cash dividend of PKR 2.00/share and 10% bonus shares, taking cumulative CY18 cash dividend to PKR 21.00/share (CY17: PKR 21.00/share).

Result Highlights

·         On the fertilizer business front, EFERT posted a solid 56% YoY growth in PAT, to PKR 17,414mn during CY18 amid 25% YoY higher urea prices along with 11% and 20% YoY growth in urea and DAP offtake, respectively.

·         Engro Foods Limited (EFOODS) posted a PAT of PKR 64mn in CY18, depicting a down turn of 83% YoY on account of shrinking market share and lower volumes in dairy segment amid increased competition

·         Engro Polymer & Chemicals Limited (EPCL) profitability clocked-in at PKR 4,930mn, significantly up by 2.4x YoY, given 8% YoY higher PVC production and 14% YoY PKR depreciation during CY18.

·         The company booked a one-off gain of PKR 7.39/share in standalone accounts which, we view, is from the sale of Elengy Terminal Pakistan Limited (ETPL) (24% of paid-up capital) to Vopak LNG Holding Limited

Recommendation

·         We have a “BUY” stance on ENGRO with a Dec’19 target price of PKR 359.62/share.
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl

Offline Farhan Kermani

  • Senior Member
  • *****
  • Posts: 1458
  • Thanks Received: 0
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16132 on: March 14, 2019, 11:46:14 AM »
anyone short this?

Offline stuka

  • Senior Member
  • *****
  • Posts: 1124
  • Thanks Received: 0
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16133 on: March 14, 2019, 02:07:07 PM »
anyone short this?

why short its time to accumulate if goes further down
FASM, EFERT, NCL, DOL, TGL, SEPL

Offline Farhan Kermani

  • Senior Member
  • *****
  • Posts: 1458
  • Thanks Received: 0
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16134 on: March 16, 2019, 01:06:36 AM »
today someones short position in engro-mar was forced squared. 118 to 134 straight jump with 19000 shares.then 319

aharoon

  • Guest
Re: ENGRO -- Engro Corporation Limited
« Reply #16135 on: March 16, 2019, 01:35:32 AM »
today someones short position in engro-mar was forced squared. 118 to 134 straight jump with 19000 shares.then 319
Sorry, Unable to understand.. 118 to 134??

Offline Farhan Kermani

  • Senior Member
  • *****
  • Posts: 1458
  • Thanks Received: 0
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16136 on: March 16, 2019, 10:23:14 AM »
yes single shot of 19k shares. regular counter had no suc
h movement

Offline Farzooq

  • Administrator
  • Senior Member
  • *****
  • Posts: 21959
  • Thanks Received: 196
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16137 on: April 24, 2019, 04:36:57 PM »
ENGRO: Earnings to arrive at PKR 7.27/share in 1QCY19

Engro Corporation Limited (ENGRO) is scheduled to announce its 1QCY19 financial result on April 25th, 2019. We expect the company to post a consolidated profit after tax (PAT) of PKR 3,809mn (EPS: PKR 7.27), as compared to PKR 4,193mn (EPS: PKR 8.01) recorded during same period last year. On the fertilizer business front, EFERT posted a 3% YoY growth to PKR 4,007mn during 1QCY19 amid 21% YoY higher urea prices along with 42% YoY growth in DAP offtake. Likewise, Engro Powergen Qadirpur Limited (EPQL) displayed a 7% YoY growth to PKR 703mn during 1QCY19. On the other hand, profitability of Engro Polymer & Chemicals Limited (EPCL) clocked-in at PKR 1,094mn, down by 24% YoY, given lower margins as subdued local demand led to lower price premium in the market. Additionally, we expect the Elengy business to post a bottom-line of PKR 604mn, assuming handling of ~610mmcfd of RLNG in 1QCY19 as per our estimates. Along with the result, we expect the company to announce an interim cash dividend of PKR 5.00/share.
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl

Offline Farzooq

  • Administrator
  • Senior Member
  • *****
  • Posts: 21959
  • Thanks Received: 196
    • View Profile
Re: ENGRO -- Engro Corporation Limited
« Reply #16138 on: August 16, 2019, 12:21:45 PM »
ENGRO: Earnings to clock-in at PKR 7.05/share in 2QCY19

Engro Corporation Limited (ENGRO) is scheduled to announce its 1HCY19 financial result on Aug 19th, 2019. We expect the company to post a consolidated profit after tax (PAT) of PKR 3,694mn (EPS: PKR 7.05) in 2QCY19, as compared to PKR 1,897mn (EPS: PKR 3.62) recorded during same period last year. On the fertilizer business front, EFERT posted a meager decline of 3% YoY in profitabilibility to PKR 3,177mn during 2QCY19 amid 8% YoY and 13% YoY lower urea and DAP offtake respectively. Moreover, profitability of Engro Polymer & Chemicals Limited (EPCL) clocked-in at PKR 447mn, down by 66% YoY, given change in accounting treatment (IFRS 16) and exchange losses arising from the said implementation. Additionally, FrieslandCampina Engro Pakistan Limited (FCEPL), posted a loss after tax of PKR 322mn (LPS: PKR 0.42) in 2QCY19 as compared to PAT of 210mn (EPS: PKR 0.27) during same period last year owed to decline in gross margins (15% in 2QCY19 vs. 19% in 2QCY18). Additionally, we expect the Elengy business to post a bottom-line of PKR 631mn, assuming handling of ~599mmcfd of RLNG in 2QCY19 as per our estimates. Along with the result, we expect the company to announce an interim cash dividend of PKR 7.00/share.

 
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl