Author Topic: AICL -- Adamjee Insurance  (Read 261674 times)

0 Members and 1 Guest are viewing this topic.

Offline btires

  • New Member
  • *
  • Posts: 15
  • Thanks Received: 0
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1239 on: September 05, 2016, 07:50:54 AM »
Thanks Farzooq bhai

Pakinvestorsguide

Re: AICL -- Adamjee Insurance
« Reply #1239 on: September 05, 2016, 07:50:54 AM »

Offline Valueestimator

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 2800
  • Thanks Received: 10000
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1240 on: October 02, 2016, 09:10:08 PM »
Target 75 in one year IA
Top Picks: BTL, FASM, KHTC, AGIC, NPL, AKBL, BOP,ATRL

Offline momo

  • Senior Member
  • *****
  • Posts: 1362
  • Thanks Received: 9
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1241 on: October 05, 2016, 04:23:48 AM »
Target 75 in one year IA

Do you not think that the tax on all income at the normal tax rate will have a significant impact on earnings?

Offline KREHMAN

  • New Member
  • *
  • Posts: 54
  • Thanks Received: 2
  • NOTHING IS FREE IN THIS UNIVERSE
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1242 on: November 04, 2016, 09:59:03 AM »
ALL ABOUT AICL,  :clap1:
LOVE TO EVERYONE

Offline Valueestimator

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 2800
  • Thanks Received: 10000
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1243 on: November 04, 2016, 01:44:17 PM »
Target 75 in one year IA

Do you not think that the tax on all income at the normal tax rate will have a significant impact on earnings?

there is huge growth in underwriting business and investment income, tax impact will be mitigated. moreover, if it makes 8 rs., than its worth 70+ but its likely to make 10 rs. a year.
Top Picks: BTL, FASM, KHTC, AGIC, NPL, AKBL, BOP,ATRL

Offline zelmc

  • Junior Member
  • **
  • Posts: 325
  • Thanks Received: 0
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1244 on: November 04, 2016, 02:25:57 PM »
Target 75 in one year IA

Do you not think that the tax on all income at the normal tax rate will have a significant impact on earnings?

there is huge growth in underwriting business and investment income, tax impact will be mitigated. moreover, if it makes 8 rs., than its worth 70+ but its likely to make 10 rs. a year.
Should be at least 70+ in Feb/Mar 2017. It needs re-rating.

Offline raxid

  • Junior Member
  • **
  • Posts: 389
  • Thanks Received: 0
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1245 on: November 28, 2016, 06:46:30 PM »
accumulation ho rahi hay AICL main,fly soon

Offline Valueestimator

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 2800
  • Thanks Received: 10000
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1246 on: December 01, 2016, 03:15:30 PM »
accumulation ho rahi hay AICL main,fly soon

it deserves a rally, as its investment portfolio has appreciated a lot during last 2 months.
Top Picks: BTL, FASM, KHTC, AGIC, NPL, AKBL, BOP,ATRL

Offline Moazzam

  • Junior Member
  • **
  • Posts: 205
  • Thanks Received: 5
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1247 on: December 06, 2016, 08:32:03 AM »
AICL is looking good at present levels

- According to the September 2016 Quarter results, the company's net premium revenue increased to Rs 2.516 billion in this period against Rs 2.046 billion in the same period last year while net claims increased to Rs 1.623 billion against Rs 1.250 billion. The company's profit before tax increased to Rs 1,587.833 million in this period against Rs 623.659 million in the same period last year. The company's profit after tax for nine month period ended September 30, 2016 increased to Rs 2.834 billion translating into earning per share of Rs 8.10 as compared to PAT of Rs 2.178 billion with EPS of Rs 6.23 in the same period last year. Major reason for increase in profit was some realized capital gains on investments.

 - AICL is holding 17 billion investment portfolio as at 30 September 2016. (Rs. 8 billion in related parties and Rs. 9 billion other than related parties)This factor, in addition to increase in insurance business, is making this scrip more attractive at present market levels.




When investing, pessimism is your friend, euphoria the enemy.

Offline leraningtheropes

  • Junior Member
  • **
  • Posts: 335
  • Thanks Received: 0
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1248 on: December 06, 2016, 10:40:38 AM »
What do you guys think the fair value of this share should be considering earning for last 3 quarters has been Rs. 8.10 and could very likely close the year with an eps of rs. 10+ ?

Offline sAr

  • Active Member
  • ***
  • Posts: 610
  • Thanks Received: 6
  • All hail Value Investments
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1249 on: December 06, 2016, 12:30:04 PM »
accumulation ho rahi hay AICL main,fly soon

it deserves a rally, as its investment portfolio has appreciated a lot during last 2 months.

 :thumbsup_anim:
Above mentioned comment is not a Buy/Sell recommendation. Do your own due diligence before Investing.

Offline Ain

  • Junior Member
  • **
  • Posts: 134
  • Thanks Received: 0
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1250 on: December 07, 2016, 11:25:55 PM »
Tp?
All senior Kindly have your updated portfolio in this section , so juniors can use it as guidance.
Thanx
PS Use this Link to track seniors choice
https://docs.google.com/spreadsheets/d/1mPIHLKRUj5Zdvw9n35LQ7yIG5draeB--TggJQEp8U08/edit#gid=893082107

Offline ahsan28

  • Junior Member
  • **
  • Posts: 150
  • Thanks Received: 0
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1251 on: December 08, 2016, 07:54:21 PM »
TP of 80 heard about this script

Offline HaroonAshraf

  • Junior Member
  • **
  • Posts: 198
  • Thanks Received: 0
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1252 on: December 08, 2016, 10:00:43 PM »
TP 80 time frame ?

Offline zahid

  • Active Member
  • ***
  • Posts: 796
  • Thanks Received: 1
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1253 on: December 23, 2016, 02:18:28 PM »
100+ ke awazian a rahe hain upto full year result...

Offline valueinvestorpakistan

  • New Member
  • *
  • Posts: 17
  • Thanks Received: 0
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1254 on: December 24, 2016, 12:41:26 PM »
AICL: Reasons to buy
The recent growth and improvement in core opeations
Impressive investment portfolio
High demand for Life Insurance and Islamic Insurance.

Source: http://bit.ly/2i4fmEU

Offline alidxb

  • Research
  • Senior Member
  • *****
  • Posts: 5566
  • Thanks Received: 5
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1255 on: December 24, 2016, 01:36:24 PM »
Satta can take it to Rs. 120. But long term buying should be done on weakness.
In the long run, everything settles at the place it deserves.

Offline MZ

  • Research
  • Senior Member
  • *****
  • Posts: 10142
  • Thanks Received: 33
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1256 on: December 29, 2016, 06:20:23 PM »
AICL: Recent rally has priced in all the improvements
 
After lagging behind the benchmark index in most of CY16 (AICL underperformed KSE100 by 24% in 9MCY16) AICL has started catching up in the last quarter of the outgoing year giving a return at par with the market. The impetus came from (1) double digit growth in topline (net premium revenue up 19.4% YoY in 9MCY16), (2) strong 3QCY16 result (hefty capital gains, healthy UW margins and lower effective tax rate resulting in a 134% YoY increase in 3QCY16 EPS), (3) increase in value of investments as KSE100 index spiked by 41.2/14.5% CYTD/4QTD and (4) rumors of public offering of life business.
In line of above mentioned developments we revisit our investment case for AICL tweaking our underwriting margins and net premium growth assumptions, updating investment portfolio to latest prices and narrowing our illiquidity discount assumptions to 25% (consistent with our investment universe), we have also upward revised the investment value in life business in line with the latest PB multiples of listed peers. Overall after incorporating the above mentioned changes we arrive at a rolled forward Dec-17 TP of PKR76.7/sh, moreover trading at CY17/18E PE of 10.3/9.2x and offering an downside of 0.6% we assign a Neutral rating on the scrip.

Alfalah Securities (Pvt.) Ltd

Offline Farzooq

  • Administrator
  • Senior Member
  • *****
  • Posts: 21840
  • Thanks Received: 196
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1257 on: January 17, 2017, 03:31:48 PM »
AICL: Improvement in profitability to continue going forward, 'Buy'
 
January 17, 2017 (JS Research)

We anticipate Adamjee Insurance (AICL) to continue to show improvement in core operations in 4Q2016, where we expect earnings to clock in 4x YoY higher at Rs884mn (EPS: Rs2.53).
We expect earnings growth to stem from 87% YoY higher Underwriting Profits. Moreover, we can also expect reasonable capital gains as the KSE-100 index gained 18% in 4Q2016.
We expect AICL's earnings in 2016 to clock-in 46% YoY higher at Rs3.72bn (EPS Rs10.62), where impressive bottom-line growth is expected on the back of 44% YoY higher Underwriting Profits and 67% YoY higher Investment Income.   
We project Underwriting Profit Margin in 2016 at 13% compared to 11% in 2015 with Motor Segment and Miscellaneous Segment contributing most towards improvement in core profitability.
We expect a final cash dividend of Rs2.75/share in 4Q2016, taking full year dividend payout to Rs4.25/share.
We reiterate our 'Buy' call on AICL with a Dec-2017 Target Price of Rs92, offering a potential upside of 25%.
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl

Offline SBM

  • Master Troll
  • Administrator
  • Senior Member
  • *****
  • Posts: 11764
  • Thanks Received: 100
  • Ouulman :)
    • View Profile
Re: AICL -- Adamjee Insurance
« Reply #1258 on: January 17, 2017, 03:34:25 PM »
Target 75 in one year IA

4 months mein hogiya
I hate waking up.