Author Topic: PKGS -- Packages Ltd.  (Read 44688 times)

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Toshi

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PKGS -- Packages Ltd.
« Reply #-1 on: October 10, 2008, 01:18:50 PM »
All About Packages Ltd
« Last Edit: March 21, 2012, 08:18:20 PM by M&M »

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PKGS -- Packages Ltd.
« Reply #-1 on: October 10, 2008, 01:18:50 PM »

Offline MAR

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Re: PKGS -- Packages Ltd.
« on: August 11, 2009, 01:36:47 PM »
What is wrong with PACKAGES from Index 7000 it has remained in the territory of 170 and a slight zig-zag in the index at 8000 Packages has Nose-dived.

Pls share reasons and insight about it's upcoming results

Bro Farzooq rqsting u for technical input.

Thanks

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Re: PKGS -- Packages Ltd.
« Reply #1 on: August 11, 2009, 01:45:07 PM »
What is wrong with PACKAGES from Index 7000 it has remained in the territory of 170 and a slight zig-zag in the index at 8000 Packages has Nose-dived.

Pls share reasons and insight about it's upcoming results

Bro Farzooq rqsting u for technical input.

Thanks


before todays fall the charts were bullish
lets c where it closes today
support 168


Offline MAR

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Re: PKGS -- Packages Ltd.
« Reply #2 on: August 18, 2009, 10:52:03 AM »
Farzooq bhai it has fallen to 152-153 could you advise where it will stop and make a come back ?

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Re: PKGS -- Packages Ltd.
« Reply #3 on: August 18, 2009, 11:23:59 AM »
Farzooq bhai it has fallen to 152-153 could you advise where it will stop and make a come back ?

supports near 140 levels

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Re: PKGS -- Packages Ltd.
« Reply #4 on: August 27, 2009, 11:59:09 AM »
PKGS: Impairment mars margin recovery
???? Following release of detailed 1H09 results, we are revising PKGS’ CY09E and
CY10E earnings estimates to PRs72.04/sh (-24%) and PRs18.22/sh (-10%).
???? The revision in earnings is driven by 1) PRs1.8bn impairment loss on Nestle
contributing ~PRs21/sh loss and (2) higher depreciation charges post
commissioning of 100ktpa PM-6 line.
???? The core performance of PKGS was robust in 2Q09 with cash margins reported
300bp higher QoQ which reinforces our belief in margin recovery going forward.
???? Given higher than expected capex, we have also marginally revised down our PO
by 4% to PRs189/sh. We reiterate our Buy rating on the stock
Revising earnings post 1H09 detailed results
PKGS reported 1H09 net profit of PRs4.2bn (PRs49.38/sh) compared to a net loss of PRs245mn
during 1H08. Consistent with demand recovery thesis, top-line growth of 8% QoQ was attributed to
16% volumetric growth post expansion. 300bp QoQ improvement in gross margins is also a
positive harbinger that volumetric growth is well supplemented by price recovery and subdued raw
material cost. While the core business has shown growth with margins improving by 300bp, nonoperating
margins suffered due to non-cash expenses. We are revising PKGS’ CY09E and CY10E
earnings estimates to PRs72.04/sh (-24%) and PRs18.22/sh (-10%) following 1) PRs1.8bn
impairment loss on Nestle costing ~PRs21/sh and (2) higher depreciation charges post
commissioning of 100ktpa PM-6 line. Key highlights for the quarter are as follows:
Nestle impairment eclipses strong core performance
Depressing 2Q09 result (loss of PRs25.94/sh) was due to one-time impairment loss of PRs1.8bn
for Nestle that PKGS was required to report as per IAS 28, 36 & 39. Earlier, in order to enhance
the book value and realize capital gains before CGT imposition, PKGS had marked-to-market its
portfolio investment in 2007 and locked in price of Nestle at PRs1,583/sh. With the steep drop in
equity prices, PKGS portfolio was down 28% as of 31-Dec-08. With Nestle trading at PRs1,092/sh
as at 30th June 2009, PKGS management booked an impairment on 3.6mn shares of Nestle,
portraying a more realistic picture of Nestle’s share price at ~PRs1,000 on a 6- year average basis.
Higher financial & depreciation charges
26% higher QoQ depreciation charges and pent up exchange losses on foreign currency loan due
to delayed conversion of US$30mn IFC loan to preference shares were another drag on the
bottom-line. The commissioning of PM-6 line of 100ktpa on April 7th, led to a whopping 26% QoQ
jump in depreciation charges. Given that the IFC loan has been converted to preference shares on
15th July 2009, the company now stands indifferent to any adverse exchange movement. Going
forward we believe the effect of higher depreciation charges will be mitigated once the plant starts
running at optimum capacity and demand bounces back. Our view is substantiated by a similar
post expansion growth pattern followed in 2004 and 1999.
Reiterate Buy with PO of PRs189/sh
We have lowered our PO for PKGS to PRs189/sh to reflect the earnings downgrade. Eyeing (1)
recovery in margins; (2) revival in demand outlook due to Ramadan effect and (3) commissioning
of PM-6 line with an attractive export market for brown paper, we believe the 15% relative under
performance of the stock over the last one month is not reflective of the recovery in core operations
going forward. Our SOTP based PO of PRs189/sh consists of PRs34.57/sh for packaging business
(DCF), PRs102/sh for Tetra Pak (PV of 10 yrs dividends), PRs41/sh for equity portfolio (30%
discount to market value) and PRs10/sh for DIC stake (DDM). Realization of real estate value,
higher than expected exports and sell-off of old plant scrap remain the upside triggers whereas
adverse movement in oil prices poses a threat to earnings

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Re: PKGS -- Packages Ltd.
« Reply #5 on: September 06, 2009, 11:48:10 PM »

buy with stop at 154

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Re: PKGS -- Packages Ltd.
« Reply #6 on: October 10, 2009, 04:22:12 PM »

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Re: PKGS -- Packages Ltd.
« Reply #7 on: October 14, 2009, 12:04:04 PM »
buy pkgs stop 170

Offline MAR

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Re: PKGS -- Packages Ltd.
« Reply #8 on: October 15, 2009, 02:07:04 PM »
buy pkgs stop 170

STOP HIT !!!!


Pls do advise re-entry point before it starts climbing may be like MARI GAS

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Re: PKGS -- Packages Ltd.
« Reply #9 on: October 15, 2009, 03:14:41 PM »
buy pkgs stop 170

STOP HIT !!!!


Pls do advise re-entry point before it starts climbing may be like MARI GAS

sure will

Offline msohail

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Re: PKGS -- Packages Ltd.
« Reply #10 on: October 19, 2009, 12:49:36 PM »
buy pkgs stop 170

STOP HIT !!!!


Pls do advise re-entry point before it starts climbing may be like MARI GAS

trading at 162-163 shall we buy or wait for further ?????????

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Re: PKGS -- Packages Ltd.
« Reply #11 on: October 19, 2009, 01:35:39 PM »
buy pkgs stop 170

STOP HIT !!!!


Pls do advise re-entry point before it starts climbing may be like MARI GAS

trading at 162-163 shall we buy or wait for further ?????????

wait
support 157


Offline MAR

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Re: PKGS -- Packages Ltd.
« Reply #12 on: October 20, 2009, 11:47:40 AM »

[/quote]

wait
support 157


[/quote]

Support broken ... Hit lower cap @ 152.73....

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Re: PKGS -- Packages Ltd.
« Reply #13 on: October 20, 2009, 11:56:36 AM »


wait
support 157


[/quote]

Support broken ... Hit lower cap @ 152.73....
[/quote]

yes and fell with volume
avoid

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Re: PKGS -- Packages Ltd.
« Reply #14 on: October 26, 2009, 01:54:05 PM »
26-OCT-09 PKGS Packages Limited FINANCIAL RESULT FOR THE NINE MONTHS ENDED 30/09/2009
26-OCT-09 PKGS Packages Limited PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 6,270.300
26-OCT-09 PKGS Packages Limited PROFIT/LOSS AFTER TAXATION RS. IN MILLION 4,210.300
26-OCT-09 PKGS Packages Limited EPS = 48.01

nasiddiqui

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Re: PKGS -- Packages Ltd.
« Reply #15 on: October 30, 2009, 02:43:33 AM »
Farzooq Haider
Re: PKGS -- Packages Ltd.
« Reply #15 on: October 26, 2009, 01:54:05 PM »
   
26-OCT-09 PKGS Packages Limited FINANCIAL RESULT FOR THE NINE MONTHS ENDED 30/09/2009
26-OCT-09 PKGS Packages Limited PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 6,270.300
26-OCT-09 PKGS Packages Limited PROFIT/LOSS AFTER TAXATION RS. IN MILLION 4,210.300
26-OCT-09 PKGS Packages Limited EPS = 48.01

____________________

How do you take this result and wat could be the tgt price by Dec'09?
Naeem

Offline Farzooq

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Re: PKGS -- Packages Ltd.
« Reply #16 on: October 30, 2009, 09:22:49 AM »
Farzooq Haider
Re: PKGS -- Packages Ltd.
« Reply #15 on: October 26, 2009, 01:54:05 PM »
   
26-OCT-09 PKGS Packages Limited FINANCIAL RESULT FOR THE NINE MONTHS ENDED 30/09/2009
26-OCT-09 PKGS Packages Limited PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 6,270.300
26-OCT-09 PKGS Packages Limited PROFIT/LOSS AFTER TAXATION RS. IN MILLION 4,210.300
26-OCT-09 PKGS Packages Limited EPS = 48.01

____________________

How do you take this result and wat could be the tgt price by Dec'09?
Naeem


third quarter results were not good
long term investment item
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Re: PKGS -- Packages Ltd.
« Reply #17 on: October 30, 2009, 11:40:29 AM »

strong support around 149 levels

nasiddiqui

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Re: PKGS -- Packages Ltd.
« Reply #18 on: October 30, 2009, 01:27:37 PM »

strong support around 149 levels

Thanks for your quick reply.