Author Topic: ENGRO -- Engro Corporation Limited  (Read 1800123 times)

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Offline 007

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Re: ENGRO -- Engro Corporation Limited
« Reply #16139 on: August 18, 2019, 03:38:17 AM »
Good result expected then

Pakinvestorsguide

Re: ENGRO -- Engro Corporation Limited
« Reply #16139 on: August 18, 2019, 03:38:17 AM »

Offline Farzooq

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Re: ENGRO -- Engro Corporation Limited
« Reply #16140 on: August 20, 2019, 11:46:42 AM »
Result Review: 1HCY19 Earnings up by 13% YoY

Earnings arrive at PKR 4.97/share in 2QCY19

Engro Corporation Limited (ENGRO) announced its 2QCY19 result with a bottom-line of PKR 2.8bn (EPS: PKR 4.97) in contrast to PKR 1.9bn (EPS: PKR 3.29) in SPLY, portraying an increase of 51% YoY. Along with the result, the company announced a cash dividend of PKR 8.00/share (2QCY18: PKR 7.00/share).
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Offline Farzooq

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Re: ENGRO -- Engro Corporation Limited
« Reply #16141 on: August 20, 2019, 11:55:23 AM »
Engro Corporation; dividend exceeds expectations

Engro Corporation (ENGRO) reported financial results for 2QCY19 wherein the conglomerate reported below expected consolidated EPS of PKR4.97 (up 51% YoY). Along with the result, the company announced half year dividend of PKR8/sh (1HCY19 DPS: PKR15), which is above expectations. 
Higher than expected increase in administrative expenses (+38% YoY) and higher taxation expense (ETR: 50%) remained key areas of deviation from our estimates.
Net sales of the company rose 19% YoY during the period as (i) 23/11% higher average urea/DAP prices, (ii) 19/39% hike in NP/NPK offtake, and (iii) 8% weighted average increase in petrochemical subsidiary’s (Engro Polymers & Chemicals Limited) realized product prices.
Encouragingly, COGS rose by a relatively measured 15% YoY. Resultantly, gross margins of the company stood at 29% during the period as compared to 26% in same period of last year. Improvement in gross margins was made possible by (i) drastic 32% correction in international price of key raw material of petrochemical business (ethylene) and (ii) improved urea pricing (up 23% YoY) during the period.
Other income of the company clocked in at PKR12.9bn, up 74% YoY as a result of increase in average policy rate to 11.8% from 6.3% in same period of last year.
Similarly, the company’s finance costs rose 1.56x YoY to PKR3.1bn due to the aforementioned reason.
On a cumulative basis, company profits for 1HCY19 clocked in at PKR6.9bn (EPS: PKR11.93), up 13% YoY. Improvement in profits during the period was driven by (i) improvement in core fertilizer & petrochemical businesses and (ii) higher income on cash & short term investments (PKR102bn as of Mar’19).
At current market prices, the scrip is currently trading at CY20E P/E of 4.7x. We maintain our Buy rating on ENGRO.
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Online ajeebkhan

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Re: ENGRO -- Engro Corporation Limited
« Reply #16142 on: August 20, 2019, 12:23:19 PM »
Sell it

Online aatradekhi

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Re: ENGRO -- Engro Corporation Limited
« Reply #16143 on: August 20, 2019, 01:01:26 PM »

Offline Farzooq

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Re: ENGRO -- Engro Corporation Limited
« Reply #16144 on: August 24, 2019, 11:56:21 AM »
ENGRO analyst briefing takeaways

ENGRO Corporation recently held its analyst briefing for 1HCY19 financial results. Key takeaways are as follows:

ENGRO reported EPS of PKR11.93 during the period, up 13% YoY. Improvement in profitability in the period came about as a result of (a) higher margins for the petrochemical business due to steep drop in price of key raw material and (b) higher realized urea prices.
Engro Enfrashare acquired 1,500 telecommunication towers from a major cellular mobile operator during the period and plans on renting/leasing  out the towers to other CMOs. The company continues to explore opportunities in this area however this business may take time to scale up.
The energy business achieved an important milestone on 10th of July, 2019 where SECMC and EPTL declared commercial operations. The energy sector businesses, however, continue to be afflicted by the circular debt. 
Engro Elengy Terminals handled 36 cargoes during the period (flat on YoY basis).
Engro Vopak handled 686k tons of cargo during the period, up from 649k tons as compared to same period of last year. Higher import of phos acid remained key reason of higher utilisation of the terminal. Engro Vopak's market share stood at 70% during the period.
On the proposed polypropylene dehydrogenation project, feasibility study of the same is ongoing.
Engro has embarked on implementing "One SAP" project. The project is expected to come online by next year and is expected to streamline the company's resource utilisation.
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Re: ENGRO -- Engro Corporation Limited
« Reply #16148 on: August 31, 2019, 04:54:40 PM »
2 dafa 265 par Mara neechay pakay huay aam ke tarah Mila
Iss baar chor dia .. ja Kiya yaad karay ga  :dance :dance

Offline ksenewb

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Re: ENGRO -- Engro Corporation Limited
« Reply #16149 on: August 31, 2019, 06:25:37 PM »
2 dafa 265 par Mara neechay pakay huay aam ke tarah Mila
Iss baar chor dia .. ja Kiya yaad karay ga  :dance :dance

Maaro maaro aur issay... but na bhoolna k yeh bhi ek din patakh dega tumko

Online ajeebkhan

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Re: ENGRO -- Engro Corporation Limited
« Reply #16150 on: September 01, 2019, 12:39:17 AM »
2 dafa 265 par Mara neechay pakay huay aam ke tarah Mila
Iss baar chor dia .. ja Kiya yaad karay ga  :dance :dance

Maaro maaro aur issay... but na bhoolna k yeh bhi ek din patakh dega tumko
bara bool nahin bolna mujhe..
Jo Ont paltay Hain woo woo apnay Ghar k chokat bhi onchi rakhtay hain .. Allah Malik hai .. dekha Jai ga ..

Online ajeebkhan

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Re: ENGRO -- Engro Corporation Limited
« Reply #16151 on: September 23, 2019, 04:08:10 PM »
Engro Bhai... Koe narazgi hoggai hai Kiya ham se ??
Pehlay tou aap 265 see hee return mar Lia kartay thai lekin aaj tou aap nay ham short sellers ko thainga hee dikha dia with green closing .. khair today I supplied first installment .. dekhtay Hain aap hamko kitna satain gay
.. :skeptic:

Online ajeebkhan

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Re: ENGRO -- Engro Corporation Limited
« Reply #16152 on: September 26, 2019, 11:37:49 AM »
Engro Bhai... Koe narazgi hoggai hai Kiya ham se ??
Pehlay tou aap 265 see hee return mar Lia kartay thai lekin aaj tou aap nay ham short sellers ko thainga hee dikha dia with green closing .. khair today I supplied first installment .. dekhtay Hain aap hamko kitna satain gay
.. :skeptic:
Beautyyy of Engrooo :dance :dance :good

Offline Farzooq

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Re: ENGRO -- Engro Corporation Limited
« Reply #16153 on: October 23, 2019, 01:54:57 PM »
ENGRO: Company to post EPS of PKR 7.90 during 3QCY19

Engro Corporation Limited (ENGRO) is scheduled to announce its 3QCY19 financial result on October 24th, 2019. We expect the company to post a consolidated profit after tax (PAT) of PKR 4,551mn (EPS: PKR 7.90) in 3QCY19, as compared to PKR 3,857mn (EPS: PKR 6.69) recorded during same period last year. On the fertilizer business front, EFERT posted a decline of 35% YoY in profitability to PKR 3,326mn during 3QCY19 amid 11% YoY and 35% YoY decline in urea and DAP offtake, respectively tagged with higher gas prices during the period. Moreover, profitability of Engro Polymer & Chemicals Limited (EPCL) clocked-in at PKR 443mn, up by 17% YoY, given higher other income along with 53% YoY increase in PVC margins. Additionally, FrieslandCampina Engro Pakistan Limited (FCEPL) posted a loss after tax of PKR 570mn (LPS: PKR 0.74) in 3QCY19 as compared to PAT of 2mn (EPS: PKR 0.002) during same period last year primarily owed to decline in gross margins (8% in 3QCY19 vs. 15% in 3QCY18). Additionally, we expect the Elengy business to post a bottom-line of PKR 670mn, assuming handling of ~599mmcfd of RLNG in 3QCY19 as per our estimates. Along with the result, we expect the company to announce an interim cash dividend of PKR 8.00/share.
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Offline Farzooq

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Re: ENGRO -- Engro Corporation Limited
« Reply #16154 on: October 24, 2019, 01:52:40 PM »
ENGRO-Financial Results for 3QCY19

Dividend: PKR 8/Sh.
EPS for the 3QCY19 clocked in at PKR 10.67 against EPS of 6.69 in SPLY
9MCY19 EPS of the company clocked in at PKR 22.61 against of EPS of PKR 17.27 SPLY
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Offline 007

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Re: ENGRO -- Engro Corporation Limited
« Reply #16155 on: October 27, 2019, 05:37:52 AM »
Opened short sell 293 avg