Author Topic: AICL -- Adamjee Insurance  (Read 261670 times)

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Offline Farzooq

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Re: AICL -- Adamjee Insurance
« Reply #1279 on: March 22, 2018, 09:29:32 AM »
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Re: AICL -- Adamjee Insurance
« Reply #1279 on: March 22, 2018, 09:29:32 AM »

Offline Farzooq

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Re: AICL -- Adamjee Insurance
« Reply #1280 on: May 23, 2018, 12:07:17 PM »
AICL: TP revised down to Rs76, 'Buy'
May 23, 2018 (JS Research)

We reiterate our 'Buy' rating on Adamjee Insurance (AICL) with a revised Target Price of Rs76 (Rs83 previously) as we update our investment case on the stock.
We flag the company's portfolio accounts for 50% of its valuations, where MCB Bank (MCB) alone accounts for 24% of company's total valuations. 
In 1Q2018, AICL's net earnings clocked in 3% YoY lower at Rs1.89/share. However, Underwriting profits witnessed 34% YoY increase on account of higher Net premium and improving Net Claims ratio.   
On Investment income front, AICL's dividend income declined by 30% YoY, taking overall Investment income down by 21% YoY.
We value Adamjee Life Assurance Company Ltd at Rs28 under relative valuation method, where AICL stake adjusted value computes to Rs21.
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Offline Farzooq

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Re: AICL -- Adamjee Insurance
« Reply #1281 on: August 29, 2018, 09:30:22 PM »
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aharoon

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Re: AICL -- Adamjee Insurance
« Reply #1282 on: January 26, 2019, 02:22:29 PM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

Offline aatradekhi

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Re: AICL -- Adamjee Insurance
« Reply #1283 on: January 26, 2019, 03:30:39 PM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...

aharoon

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Re: AICL -- Adamjee Insurance
« Reply #1284 on: January 26, 2019, 04:06:17 PM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...
Ab khud soocheay Kiya faida idhar with holding power?
Ba halat e majbori for short term hold Karo aur jaisay hee nafa dikhay Baich daii..

Offline optimistic

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Re: AICL -- Adamjee Insurance
« Reply #1285 on: January 26, 2019, 05:17:18 PM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...
Ab khud soocheay Kiya faida idhar with holding power?
Ba halat e majbori for short term hold Karo aur jaisay hee nafa dikhay Baich daii..

Ferozsons 1280 se 180  :tongue:
TOP Scripts as below: Updated (28th Nov, 2016)
1. Wyeth, 2. SHJS, 3. FFLNV, 4. TGL, 5. BERG, 6. APL, 7. PKGS, 8. EPQL, 9. ISL, 10. FFBL. 11. TRIPF. 12 ASL

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: AICL -- Adamjee Insurance
« Reply #1286 on: January 26, 2019, 08:26:54 PM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...
Ab khud soocheay Kiya faida idhar with holding power?
Ba halat e majbori for short term hold Karo aur jaisay hee nafa dikhay Baich daii..

Ferozsons 1280 se 180  :tongue:
If you are still holding Ferozsons then what about average @ current rates ?  :$:

Offline optimistic

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Re: AICL -- Adamjee Insurance
« Reply #1287 on: January 27, 2019, 02:11:59 AM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...
Ab khud soocheay Kiya faida idhar with holding power?
Ba halat e majbori for short term hold Karo aur jaisay hee nafa dikhay Baich daii..

Ferozsons 1280 se 180  :tongue:
If you are still holding Ferozsons then what about average @ current rates ?  :$:

700 kar do sara loss recover.

Aharoon 700 jaye ga kya ?
TOP Scripts as below: Updated (28th Nov, 2016)
1. Wyeth, 2. SHJS, 3. FFLNV, 4. TGL, 5. BERG, 6. APL, 7. PKGS, 8. EPQL, 9. ISL, 10. FFBL. 11. TRIPF. 12 ASL

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: AICL -- Adamjee Insurance
« Reply #1288 on: January 27, 2019, 05:52:39 AM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...
Ab khud soocheay Kiya faida idhar with holding power?
Ba halat e majbori for short term hold Karo aur jaisay hee nafa dikhay Baich daii..

Ferozsons 1280 se 180  :tongue:
If you are still holding Ferozsons then what about average @ current rates ?  :$:

700 kar do sara loss recover.

Aharoon 700 jaye ga kya ?
Dost Bilkol Jai ga inshaAllah bilkol Jai ga 700+ In 2 to 3 years..
IMF Pakistan ko dollars issi wajeh se nahin dai raha Kay IMF ko andaza hai kay in future US Dollar Pak Rupee Kay against bohat weak na sahi lekin strong hota bhi dikhaee nahin dai raha..aisee soorat Mai IMF ko apnay dollars Kay against sirf interest to mil sakta hai lekin Capital Gain nahin milnay Wala..Goora Capital Gain Kay baghair investment Mai interest nahin laita..
Google nay pichlay dinon Jo shararat Kari thi jis main USD ko Pakistani Rupees Kay against 75rs ka show Kara tha on their website woo bhi kafi meaningful hai
Pakistan Kay liay 2021 takk ka period uski economy Kay hawalay se kafi tough hai magar jaisay hee CPEC operational hoga aur CPEC see cash inflow start hoga Dollar bhi cheap hoga aur apki country ke economy bhi bohat behtar hogi inshaAllah..jaisay jaisay apka rupia stable and strong hota jai ga waisay waisay Pharma Sector Kay margins increase hongay ..

Offline optimistic

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Re: AICL -- Adamjee Insurance
« Reply #1289 on: January 27, 2019, 03:38:26 PM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...
Ab khud soocheay Kiya faida idhar with holding power?
Ba halat e majbori for short term hold Karo aur jaisay hee nafa dikhay Baich daii..

Ferozsons 1280 se 180  :tongue:
If you are still holding Ferozsons then what about average @ current rates ?  :$:

700 kar do sara loss recover.

Aharoon 700 jaye ga kya ?
Dost Bilkol Jai ga inshaAllah bilkol Jai ga 700+ In 2 to 3 years..
IMF Pakistan ko dollars issi wajeh se nahin dai raha Kay IMF ko andaza hai kay in future US Dollar Pak Rupee Kay against bohat weak na sahi lekin strong hota bhi dikhaee nahin dai raha..aisee soorat Mai IMF ko apnay dollars Kay against sirf interest to mil sakta hai lekin Capital Gain nahin milnay Wala..Goora Capital Gain Kay baghair investment Mai interest nahin laita..
Google nay pichlay dinon Jo shararat Kari thi jis main USD ko Pakistani Rupees Kay against 75rs ka show Kara tha on their website woo bhi kafi meaningful hai
Pakistan Kay liay 2021 takk ka period uski economy Kay hawalay se kafi tough hai magar jaisay hee CPEC operational hoga aur CPEC see cash inflow start hoga Dollar bhi cheap hoga aur apki country ke economy bhi bohat behtar hogi inshaAllah..jaisay jaisay apka rupia stable and strong hota jai ga waisay waisay Pharma Sector Kay margins increase hongay ..

Yes  agrer with you if pak rupee strengthened against usd pharmaceuticals will rock, khyan 22% NP margins se below 5% now. 2 se 3 saal mei agar Feroz 700+ ho jaye ga In Sha Allah if PKR/USD comes below 125.
TOP Scripts as below: Updated (28th Nov, 2016)
1. Wyeth, 2. SHJS, 3. FFLNV, 4. TGL, 5. BERG, 6. APL, 7. PKGS, 8. EPQL, 9. ISL, 10. FFBL. 11. TRIPF. 12 ASL

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.

Online Farooq Qadir

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Re: AICL -- Adamjee Insurance
« Reply #1290 on: January 28, 2019, 04:11:48 PM »

BY: INTERMARKET SECURITIES LIMITED


As per a stock exchange filing, Adamjee Insurance (AICL) has increased the ownership of its unlisted subsidiary, Adamjee Life Assurance Company, to 100.0% from 74.3% previously. These shares were acquired from its partner IVM intersurer BV.
The 25.7% of shareholding has been acquired for PKR401mn, valuing Adamjee Life at PKR1,560mn. This equates to PKR4.46/sh on AICL's outstanding number of shares (350.0mn), lower than the value we had assigned to the life business; our TP of PKR49.0/sh for AICL includes PKR10.35/sh from the life business based on 74.3% shareholding. We arrived at this value using a blended valuation approach, where DCF values Adamjee Life at PKR6....
POL, ENGRO,ACPL,AHL,EFERT,ATRL,AICL,PAKRI, HBL,EFERT,BOP,OGDC

Offline jamalakhter

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Re: AICL -- Adamjee Insurance
« Reply #1291 on: January 29, 2019, 10:41:43 AM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...
Ab khud soocheay Kiya faida idhar with holding power?
Ba halat e majbori for short term hold Karo aur jaisay hee nafa dikhay Baich daii..

Ferozsons 1280 se 180  :tongue:
If you are still holding Ferozsons then what about average @ current rates ?  :$:
except JOVC count the number of Bonus given by these shares

Offline optimistic

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Re: AICL -- Adamjee Insurance
« Reply #1292 on: January 29, 2019, 11:32:43 AM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...
Ab khud soocheay Kiya faida idhar with holding power?
Ba halat e majbori for short term hold Karo aur jaisay hee nafa dikhay Baich daii..

Ferozsons 1280 se 180  :tongue:
If you are still holding Ferozsons then what about average @ current rates ?  :$:
except JOVC count the number of Bonus given by these shares

Ferozsons never gave bonus shares during last 6 to 8 years atleast.
TOP Scripts as below: Updated (28th Nov, 2016)
1. Wyeth, 2. SHJS, 3. FFLNV, 4. TGL, 5. BERG, 6. APL, 7. PKGS, 8. EPQL, 9. ISL, 10. FFBL. 11. TRIPF. 12 ASL

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

  • Guest
Re: AICL -- Adamjee Insurance
« Reply #1293 on: January 29, 2019, 01:38:16 PM »
PSX Kay qaburstan ke yaadgar qabar :bigeyed:
Aaj se 8 10 saal pehlay yeh kabhi 400 ka bhi hua karta tha...
Koe faida nahi PSX with delivery  at higher rates :skeptic:

US qaburstan mai AHCL/JSCL 1300+ AHL 400+ JOVC 150+ and many more hai...
Ab khud soocheay Kiya faida idhar with holding power?
Ba halat e majbori for short term hold Karo aur jaisay hee nafa dikhay Baich daii..

Ferozsons 1280 se 180  :tongue:
If you are still holding Ferozsons then what about average @ current rates ?  :$:
except JOVC count the number of Bonus given by these shares

Ferozsons never gave bonus shares during last 6 to 8 years atleast.
Kiya pata Rights bhi na diay Hoon during 6 to 8 years  :tongue: :confused1: :tongue: