Author Topic: AICL -- Adamjee Insurance  (Read 265573 times)

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Offline sumbul

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Re: AICL -- Adamjee Insurance
« Reply #1259 on: January 19, 2017, 05:31:20 PM »
Why such huge volumes (from its perspective) in it today. Sign of an upcoming rally  :skeptic:

Pakinvestorsguide

Re: AICL -- Adamjee Insurance
« Reply #1259 on: January 19, 2017, 05:31:20 PM »

Offline zelmc

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Re: AICL -- Adamjee Insurance
« Reply #1260 on: January 19, 2017, 08:48:27 PM »
A move towards 90 is expected soon.

Offline jamalakhter

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Re: AICL -- Adamjee Insurance
« Reply #1261 on: January 20, 2017, 11:55:14 AM »
A move towards 90 is expected soon.

                                         but y huge selling pressure at 75--74------------?

Offline alicima

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Re: AICL -- Adamjee Insurance
« Reply #1262 on: January 20, 2017, 03:00:18 PM »


Offline jamalakhter

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Re: AICL -- Adamjee Insurance
« Reply #1263 on: January 20, 2017, 09:43:42 PM »


           
                                    Y sold shares of related company---------?

Offline zahid

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Re: AICL -- Adamjee Insurance
« Reply #1264 on: January 23, 2017, 12:43:54 PM »
100+ ka target mill raha hai upto feb 2017...

Offline raxid

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Re: AICL -- Adamjee Insurance
« Reply #1265 on: January 30, 2017, 05:51:21 PM »
strong buy call AICL @72 or bellow it

Offline zahid

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Re: AICL -- Adamjee Insurance
« Reply #1266 on: February 02, 2017, 12:04:34 PM »
100+ in Feb In Sha Allah...

Gozubairgo

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Re: AICL -- Adamjee Insurance
« Reply #1267 on: February 11, 2017, 12:54:57 AM »
Chaloo Bhai loggo aik aur item tayyar hogaya Monday se
Strong Buy Adamjee Insurance targeting 94rs

Offline Aahaf

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Re: AICL -- Adamjee Insurance
« Reply #1268 on: February 11, 2017, 02:02:16 AM »
Bhai ne bola to chalega sala

Offline sabir.hussain

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Re: AICL -- Adamjee Insurance
« Reply #1269 on: February 11, 2017, 02:18:22 PM »
Ye nahi chlta :biggthumpup:
Don't buy or sell on other's calls, do your own research/due-diligence, before making any investment.

Gozubairgo

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Re: AICL -- Adamjee Insurance
« Reply #1270 on: February 13, 2017, 12:04:14 PM »
Ye nahi chlta :biggthumpup:
Laooo maaaàaal adamjeee
Kaisay nahin chalta
Iski aisee ke taisii

Offline zahid

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Re: AICL -- Adamjee Insurance
« Reply #1271 on: February 13, 2017, 01:22:13 PM »
100+ ka Target Hai In Sha Allah in Feb.. :dance :dance :dance :dance

Offline MZ

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Re: AICL -- Adamjee Insurance
« Reply #1272 on: June 01, 2017, 08:57:19 PM »
AICL: TP revised to Rs90, 'Buy' intact

 
 (JS Research)


 We update our investment case for Adamjee Insurance Co Ltd (AICL) incorporating 1Q2017 detailed accounts and recent budgetary measures.
 We cut our 2017E earnings estimate by 5% owing to extension of 3% Super Tax for another year, while we also reduce our Target Price to Rs90 from Rs91 previously.
Our 'Buy' rating on AICL remains intact, offering a potential upside of 15% along with 2017E D/Y of 4%.
We highlight stock market volatility for investment income and economic downturn for underwriting business as key risks.
In 1Q2017, AICL's net earnings clocked in 4% YoY lower at Rs1.95/share, however before-tax earnings witnessed an increase of 30% YoY.
    The increase in before-tax earnings was led by 42% YoY higher Underwriting Profits on the back of across the board increase in topline.

Offline Farzooq

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Re: AICL -- Adamjee Insurance
« Reply #1273 on: August 28, 2017, 11:36:09 AM »
AICL: 1H2017 EPS likely to decline on higher taxes
 
August 28, 2017 (JS Research)

Adamjee Insurance Co Ltd (AICL) is scheduled to announce its 1H2017 result on August 29, 2017, where we expect AICL to post Net Earnings of Rs1.17bn (EPS: Rs3.35), down 20% YoY lower.
However, while Earnings before Tax are likely to increase by 5% YoY during the same period.
We expect 1H2017 Underwriting Margins to remain stable at 14% (+9bps YoY).
2Q2017 earnings are expected to clock in at Rs492mn (EPS: Rs1.41), down 36%/28% YoY/QoQ, respectively.
We keep our 'Buy' rating intact on AICL with a Dec-2017 Target Price of Rs90, offering a 37% capital upside from stock's last close.
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Offline SBM

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I hate waking up.

Offline Farzooq

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Re: AICL -- Adamjee Insurance
« Reply #1275 on: September 29, 2017, 12:04:07 PM »
AICL: Lower TP to Rs88, 'Buy' intact as discount to peers remain unjustified
 
September 29, 2017 (JS Research)

We update our investment case for Adamjee Insurance Co Ltd (AICL) following release of detailed accounts for 1H2017, after which we revise down our Target Price for AICL to Rs88 (from Rs90 previously) as we also incorporate recent decline in value of its investment portfolio.
That said, we reiterate 'Buy' on AICL, offering a potential upside of 40% along with a 2017E D/Y of 5%. We highlight that AICL is trading at ~35% discount to its local peers, at an undemanding 2017E P/B of 1.2x and P/E of 10.3x (peer average of P/B of 1.8x and P/E of 11.5x).
In 1H2017, AICL witnessed 11% YoY growth in underwriting profits driven by 31% YoY higher premium revenues. The growth in topline was largely contributed by Motor (+40% YoY) and Accident & Health (+37% YoY) segments.
Overall underwriting margins came down to 11.4% (-207bps YoY) on higher claims ratio, however close to our full-year 2017E expectations of 11.6%.
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Offline Koolfire

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Re: AICL -- Adamjee Insurance
« Reply #1276 on: October 30, 2017, 06:58:58 PM »
Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

Offline MZ

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Re: AICL -- Adamjee Insurance
« Reply #1277 on: October 30, 2017, 10:54:58 PM »
Adamjee Insurance Company limited (AICL): 3QCY2017 EPS PKR1.6 – Above expectations

Monday, 30 October 2017

By: Insight Securities (Private) Limited
Adamjee Insurance Company limited (AICL) has announced its 3QCY2017 unconsolidated profit of PKR574m (PKR1.6/share), taking 9MCY2017 profits to PKR1.6b (PKR4.7/share). The result is above our expectations
Deviation from our estimates is mainly attributable to higher than expected investment income which clocked in at PKR725m for the quarter
On YoY basis, AICL’s net premium revenue increased by 18%. Underwriting result, however, was down by 18% mainly on account of higher net commission expense to net premium ratio which clocked in at 13% in the quarter compared to 8% in SPLY. Investment income decreased by 50% in the quarter which could be attributed to lower returns on equity portfolio
On consolidated basis, AICL posted net profit after tax of PKR572m (EPS: PKR4.7)

Offline Farzooq

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Re: AICL -- Adamjee Insurance
« Reply #1278 on: November 23, 2017, 01:34:50 PM »
AICL: Lowering TP to Rs83 on decline in equity portfolio, 'Buy' intact
 
November 23, 2017 (JS Research)

We keep our earnings estimates and 'Buy' rating intact for Adamjee Insurance (AICL) after incorporating for its 9M2017 detailed accounts.
However, we lower our Target Price to Rs83 (from Rs88 previously) on the back of recent sharp decline in its equity portfolio value.
We value company's core operations at Rs27, investment portfolio at Rs41 (after 30% discount) and Adamjee Life business at Rs15.
Presently, AICL offers a potential upside of 54% along with a 2017E D/Y of 6%.
In 9M2017, AICL witnessed 2% YoY growth in underwriting profits driven by 27% YoY higher premium revenues.
However, underwriting margins came under pressure, averaging at 10% for the period (-3ppt YoY), attributed to the Motor segment as the segment's overseas operations witnessed negative margins for 9M2017 vis-a-vis 10% during 9M2016.
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