Author Topic: HTL - High Tech Lubricants (ZIC)  (Read 135164 times)

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Offline Farzooq

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #519 on: April 22, 2018, 02:12:03 PM »
HTL: Growth momentum to continue – ‘Buy’
The BoD of Hi-Tech Lubricant (HTL) is expected to discuss its 3QFY18 accounts
on April 21, 2018 wherein we expect the firm to report consolidated PAT of
Rs319mn (EPS: Rs2.75) for the quarter, up 24% YoY but down 16% QoQ on a
sequential basis. This will translate into 9MFY18E consolidated PAT of Rs831mn
(EPS: Rs7.16) for the company, implying sturdy growth of 33% YoY.
Earnings growth during the quarter is likely to be led by (1) availability of lower cost
inventory procured during the last quarter, (2) cumulative prices increases of 10-
15% since Dec-2017, (3) increased utilization of own blending plant’s filling and
bottle manufacturing line and (4) inclusion of new products in the company’s
portfolio. As a result, revenues and gross profit of the company are likely to jump by
94% YoY and 76% YoY respectively during the quarter. Despite the fact the GP
margin is likely to remain lower as compared to 3QFY17 (26% vis-à-vis 29%),
strong performance on revenue front will likely propel earnings for the company
during the quarter. As the company’s operations have normalized, we also expect
effective tax rate to clock-in at 30%, the level slightly higher than the one recorded
2QFY18 (28% recorded) but much higher than 3QFY17 (22% recorded). Increase
in effective tax rate is likely on the back of inclusion of new imported products into
the portfolio which fall under the Final Tax Regime (FTR), commanding higher tax
rates with withholding taxes at import stages representing full and final discharge of
liability. That said, the decline in earnings on a sequential basis can mainly be
attributed to high base of earnings during 2QFY18 where the company recorded
large gains by virtue of increased inventory holding days, which effectively provided
a shield against PKR depreciation against the greenback. We expect similar trend
to persist in 3QFY18 as well, albeit by a smaller quantum as compared to 3QFY18.
Given strong earnings outlook, we remain optimistic about company’s growth
potential and recommend a ‘Buy’ stance on the firm. Our Dec-2018 Target Price for
the company is Rs116, implying an upside of 10%. However, we draw attention of
our readers that we have not incorporated HTL’s venture into mainstream fuel
marketing business into our estimates for the time being which may potentially
result in Target Price upgrade in the future. Key risks to our estimates include (1)
lesser than expected volumetric growth, (2) higher than expected import costs and
(3) weaker than expected prices in the local market.

jsgcl
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Re: HTL - High Tech Lubricants (ZIC)
« Reply #519 on: April 22, 2018, 02:12:03 PM »

Offline Farzooq

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #520 on: May 11, 2018, 03:10:35 PM »
HTL: Revising estimates, 'Buy' intact with revised TP of Rs117

May 11, 2018 (JS Research)

Incorporating budget and company specific changes, we change our near term FY18E-FY19F earnings estimates downward by 2%-18%. However, our long term estimates (FY20F-FY23F) increase by ~3%.
Our near term earnings estimates change by a higher quantum due to unimpressive sales performance during 3QFY18. Continuation of Super Tax proved to be a double whammy for FY18E forecasts and will also dent profitability in the next two years.
Imposition of Super Tax in the near term will however be offset by phase wise reduction in corporate tax rate of 1% every year (25% by FY23E).
Company's progress on own product blending has remained slow due to operational issues. However, the management expects to make phase 2 of blending plant operational during the ongoing quarter (4QFY18).
Own product blending will entail cost savings as custom duty on lube base oils is only 16% vis-a-vis 21% on imported products, resulting in 7-10% higher gross margins as per management estimates.
Company's mainstream fuel marketing business (Motor Spirit and High Speed Diesel) has also remained marred with regulatory hurdles. However, the company has sought approvals for 26 fuels stations based on current storage capacity with plans for further additions ahead.
Our revised Dec-2018 Target Price for the company is Rs117 (Rs116 previously), implying upside of 23% from present levels. The stock trades at FY18E/FY19F P/E of 14.4x/9.5x respectively. 'Buy' recommended.
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Offline momin234

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #521 on: October 22, 2018, 12:57:28 PM »
Koi umeed hai is mai? :P

Offline Zar Ameen

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #522 on: October 22, 2018, 11:50:09 PM »
trading at excellent by price
Top Picks: MUGHAL, PREMA, TGL, CPPL, EFERT, ICL

Offline arehman

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #523 on: October 23, 2018, 12:01:41 AM »
trading at excellent by price
Full market is at an excellent price. Look at luck, dg, isl mughal

Offline momin234

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #524 on: October 23, 2018, 12:03:14 AM »
trading at excellent by price
Full market is at an excellent price. Look at luck, dg, isl mughal

everything is at very good rates

but for some odd reasons this has stayed a laggard for quite sometime even before the mandii started

Offline momin234

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #525 on: October 23, 2018, 02:32:24 PM »
bas karde bhai jaan lega kia?   :$:

Volume is good but nothing seems to be going in its favour  :dunno:

Offline Irfan

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #526 on: October 23, 2018, 02:41:38 PM »
FY 17-18 results were not promising .Further network expansion progress is slow.

Offline optimistic

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #527 on: October 27, 2018, 02:55:13 PM »
Monday result what is expected ? Normal move is 63-65 area to 95-100.
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I am not perfect. Please do your own research my comments / or views may not prove accurate, nor i advise anyone to act upon on my recommendations, nor i accept any responsibility on me. Your money, your gain / or loss, before investing into any script better you gain sufficient knowledge of business and calculate risk accordingly as per your risk appetite.

aharoon

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #528 on: December 26, 2018, 10:37:32 PM »
Kabhi 117 ka buy karke 129 pe sell Kara tha ..
Aaj Kal tou 60 65 mai mil raha hai :ohmy:

Offline aatradekhi

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #529 on: February 08, 2019, 11:02:12 AM »
Financial Announcements
Hi- Tech Lubricants Ltd. Half Yearly Results Dec 2018
EPS 2Q = Rs (1.90)
EPS Half Yr = Rs (3.66)
Interim Dividend = Nil
Bonus Shares = Nil
Current Price = Rs 58.70
Half Yearly Growth = (211%)
Last Half Yr EPS = Rs 3.29

Offline omermalik

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #530 on: February 11, 2019, 03:55:32 PM »
htl ko kya takleef howi ha bhai :(

Offline raxid

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #531 on: February 11, 2019, 04:10:55 PM »
40 ki taraf jaa raha hay

aharoon

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #532 on: February 11, 2019, 04:22:12 PM »
40 ki taraf jaa raha hay
Khail k ghoom jaoo yehi behtar iss market Mai always..
Kabhi 118 pe buy Kara tha aur 128+ pe sell Kara tha around 60000 shares  :ohmy: :ohmy: aaj agar delivery Mai hota tou ??? :ohmy: :ohmy:

Offline Irfan

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #533 on: February 11, 2019, 05:27:33 PM »
They are taking massive hit due to rupee devaluation .. I think their OMC plan is going to be delayed further ...
Tough Year ahead...

Offline Oddest

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #534 on: April 10, 2019, 08:22:12 PM »
Bought 10k shares 2 days ago @ 40.01 sold the same day @ floor
Bought 10k yesterday @ 38.01 sold the same day @ floor
Bought 10k today @ 36.01 and yet again sold @ floor

Trader's nightmare.

Extremely over f**king sold like so many other shares but still the beating. Rupaya kya korrio k bhao ho jana hai jo itna dara dhamka k maar rahe hain aise shares ko. Aik he party lagti hai jo bhaag rahi hai jaise company tabah ho gai ho.

Lines say, the stop's 30

But I will buy again tomorrow, it's too much over sold (bc again, this isn't really working). 

Offline umair vohra

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #535 on: August 16, 2019, 10:59:44 AM »
bhai HTL itna bhe bura nahi in rates per

Offline ajeebkhan

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #536 on: August 20, 2019, 03:16:05 PM »
:thumbsup_anim: :thumbsup_anim: :shoaby: :good :good
Bohat sataya Kal aur aaj HTL tu nay ... :tongue:

Offline raxid

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #537 on: August 20, 2019, 06:55:40 PM »
 trade below 12 hoga before december

Offline ajeebkhan

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Re: HTL - High Tech Lubricants (ZIC)
« Reply #538 on: August 20, 2019, 07:35:27 PM »
trade below 12 hoga before december
12 kiya 5 bhi hojai apni Bala se.. ham tou below 16 stoploss k saath bethay hain.