Author Topic: HUBC -- Hub Power Company Limited  (Read 291786 times)

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Offline niaz.ahmed

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Re: HUBC -- Hub Power Company Limited
« Reply #1179 on: April 25, 2019, 01:55:20 AM »
Seniors, should we go for rights or sell .... another question should rights be sold immediately after trading starts or are there chances the price of rights to increase. Thanks

Pakinvestorsguide

Re: HUBC -- Hub Power Company Limited
« Reply #1179 on: April 25, 2019, 01:55:20 AM »

Offline mansoorsajid

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Re: HUBC -- Hub Power Company Limited
« Reply #1180 on: April 25, 2019, 12:08:06 PM »
Seniors, should we go for rights or sell .... another question should rights be sold immediately after trading starts or are there chances the price of rights to increase. Thanks
History says sell rights on day one and buy on last day

Offline Farzooq

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Re: HUBC -- Hub Power Company Limited
« Reply #1181 on: May 04, 2019, 12:05:29 PM »
Following are the details:

SYMBOL: HUBCR (The Hub Power Company Limited)

Start Date: 6th May 2019

End Date: 28th May 2019

Subscription Rate: PKR 50 per share
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Offline Farzooq

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Re: HUBC -- Hub Power Company Limited
« Reply #1182 on: May 28, 2019, 12:51:39 PM »
Conversion of FO-fired plant to coal: Hubco submits plan to government

https://fp.brecorder.com/2019/05/20190528481091/
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Offline Farzooq

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Re: HUBC -- Hub Power Company Limited
« Reply #1183 on: August 19, 2019, 01:09:55 PM »
The management of #HUBCO announced successful commencement of commercial operations for its joint venture with  M/s China Power International Holding Ltd (CPIH), China Power Hub Generation Company(Pvt)Ltd (CPGHC) a 1320-megawatt imported coal-fired #power plant.
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Offline stuka

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Re: HUBC -- Hub Power Company Limited
« Reply #1184 on: August 29, 2019, 12:09:43 PM »
can anyone share this full report?? bastards have created a monopoly over research reports.......

Hub Power Company (HUBC): Bringing growth to the story – By EFG Research
By: EFG Hermes Pakistan Limited



We initiate coverage on Hub Power (HUBC), Pakistan’s largest Independent Power Producer (IPP) with a Buy rating and TP of PKR168 (177% upside). We are positive on the stock as: i) its capacity expansion (of c58% by FY22 to 2,327MW) will unlock significant earnings growth with diversified risks; and ii) it is built upon a strong foundation as its base plant, Narowal and Laraib (existing projects) account for 52.3% of our TP. We estimate a five-year earnings CAGR of 35.7% as expansion projects come online over FY20-22e, and we believe now is the time to enter before earnings accelerate. Also, the tariff structure (PKR-USD linked) offers downside support as a hedge against FX devaluation. HUBC is our top pick in Pakistan’s power sector.
Mebl, Bahl, Hubc, Agic, Hinoon, Kml, Khtc, PPL

Offline stuka

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Re: HUBC -- Hub Power Company Limited
« Reply #1185 on: September 12, 2019, 02:59:21 PM »
Hubco won't be able to pay anything in next year as well because of binding by creditors.......
Mebl, Bahl, Hubc, Agic, Hinoon, Kml, Khtc, PPL

Offline hasboo

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Re: HUBC -- Hub Power Company Limited
« Reply #1186 on: September 12, 2019, 04:37:42 PM »
Is it true that HUBCO will be able to pay off RS 20+ year dividend after 2 years as mentioned in their right offering ?

Offline HellBorne

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Re: HUBC -- Hub Power Company Limited
« Reply #1187 on: September 12, 2019, 07:15:10 PM »
Is it true that HUBCO will be able to pay off RS 20+ year dividend after 2 years as mentioned in their right offering ?

Independent analyst estimates are DPS ~5.5 in 2020 and ~12.5 in 2021. Baqi company ka apna document he, 500 bhi likh sakty hein.
Disclaimer:
** Don't trust me, I am a liar ** I share my views and analysis in personal capacity solely to meet like minded people.

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Offline stuka

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Re: HUBC -- Hub Power Company Limited
« Reply #1188 on: September 13, 2019, 09:15:03 AM »
Is it true that HUBCO will be able to pay off RS 20+ year dividend after 2 years as mentioned in their right offering ?

Independent analyst estimates are DPS ~5.5 in 2020 and ~12.5 in 2021. Baqi company ka apna document he, 500 bhi likh sakty hein.

5.5 in 2020 not possible bhai
Mebl, Bahl, Hubc, Agic, Hinoon, Kml, Khtc, PPL

Offline Farhan Kermani

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Re: HUBC -- Hub Power Company Limited
« Reply #1189 on: September 13, 2019, 09:58:22 AM »
handle this first
GOP
CIRCULAR DEBT
HIGH INTEREST RATES
FURNACE OIL YES TODAY FURNACE OIL NO TOMO.
GOP ENERGY POLITICS
DOLLAR RUPEE INSTABILITY
while hubco will go from profit to profit it will never be cash risk free to give 20 rs to shareholders

Offline hasboo

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Re: HUBC -- Hub Power Company Limited
« Reply #1190 on: September 13, 2019, 12:04:50 PM »
Their FO plants are almost closed except for peak.summer seaons

Offline aatradekhi

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Re: HUBC -- Hub Power Company Limited
« Reply #1191 on: September 13, 2019, 12:20:17 PM »
HUBC stake increase to 47.5% in CPHGC from current 26%

Offline Farooq Qadir

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Re: HUBC -- Hub Power Company Limited
« Reply #1192 on: September 25, 2019, 10:58:01 AM »

AKD Daily

HUBC: Starting afresh on strong footing

We reinstate our Buy stance on Hub Power Company Ltd (HUBC) with TP of PKR140/sh (right adjusted), implying an upside of 91% on last close. HUBC’s successful foray in coal power projects (CPHGC, TEL and SECMC c. EPS contribution: PKR14.07/sh, 50% of FY22F EPS) is expected to translate into 3 year earnings CAGR of 42%. Additional value accretion may emanate from: (i) financial close of HUBC’s 38.3% owned ThalNova Power project (EPS impact of PKR1.20 post CoD, not yet incorporated), and (ii) clarity on desalination project. Meanwhile we expect piecemeal payouts to resume in 2HFY20, which are then expected to steadily increase as power plants move past their gestation stage. With HUBC’s D/A breaching Shariah compliant level in 3QFY19, potential sell-off from Islamic mutual funds has kept a cap on HUBC’s price performance. Meeting further CAPEX financing (PKR8bn) through shariah compliant methods, and partial conversion of existing debt into Sukuks may potentially keep HUBC Shariah compliant in the upcoming review, catalyzing price performance.

POL, PSO,AICL,SEARL,NRL,FFC,FFBL,UBL,OGDC,MUGHAL

Offline Farooq Qadir

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Re: HUBC -- Hub Power Company Limited
« Reply #1193 on: October 04, 2019, 02:19:06 PM »

AKD Daily

HUBC: Catalysts aligned for price performance

•   Potential sell-off from Islamic mutual funds (6% of freefloat), largely due to rising debt financed equity investments has kept a cap on HUBC’s price performance (–11% in 3M). However, the release of detailed financial accounts indicate HUBC’s conventional debt to asset (33%) comfortably below the levels allowed by Shariah compliance criteria of 37%.

•   Meanwhile, ‘penal income’ at 11% of total revenues may potentially hinder Shariah board in giving a clean chit to the IPP, where HUBC’s management argues the aforementioned ‘non-compliant’ penal income is being derived from rising receivables, which are not within the company’s discretion.

•   The upcoming Nov’19 Shariah review could be a key check point for HUBC, where revenue growth from US$ indexed income and possible pick-up in fuel costs could bring down penal income’s contribution from current levels.

•   Our bullish stance on the stock stems from USD hedged ROEs on HUBC’s 1,650MW coal power projects translating into 3 yr earnings CAGR of 42% (ThalNova Power project not incorporated yet, financial close expected in Dec’19). Piecemeal payouts are expected to resume in 2HFY20. Our TP of PKR140/sh implies 91% upside on last close – Buy!

POL, PSO,AICL,SEARL,NRL,FFC,FFBL,UBL,OGDC,MUGHAL

Offline Farooq Qadir

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Re: HUBC -- Hub Power Company Limited
« Reply #1194 on: October 23, 2019, 11:59:31 AM »


AKD Daily

HUBC: Result Previews


Hub Power Company Ltd (HUBC) is expected to post 24/37% YoY/QoQ higher consolidated NPAT of PkR3.7bn (EPS: PkR2.83) in 1QFY20. Higher earnings for 1QFY20F is expected on the back of (i) 25% YoY increase in gross profits led by 27% rupee devaluation and, (ii) higher share of profits (PkR1.4bn; EPS: PkR1.15) from 47.5% held China Power Hub Generation Company Ltd (CPHGC) after the second unit of the 2x660MW plant commenced operations in Aug’19. The impact of new coal based power plant running at full capacity would be more visible in the upcoming quarter. Finance cost and admin cost, expected to be up 2.3x/93% YoY, will keep the bottomline growth in check. On sequential basis, 26% higher finance cost is expected to be the only major earnings dampener, courtesy higher policy rate. Downside risk to our earnings estimate emanates from (i) lower than expected earnings from 1,320MW CPHGC plant and (ii) higher than expected finance cost on the back of complete drawdown of remaining long term finance facility. Amid debt-based capex financing, we do not expect HUBC to announce any dividends alongwith its 1QFY20 results.

POL, PSO,AICL,SEARL,NRL,FFC,FFBL,UBL,OGDC,MUGHAL

Offline aatradekhi

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Re: HUBC -- Hub Power Company Limited
« Reply #1195 on: October 23, 2019, 03:04:34 PM »
1st QTR Wednesday 30-10-2019 10am

Offline aatradekhi

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Re: HUBC -- Hub Power Company Limited
« Reply #1196 on: October 30, 2019, 12:50:27 PM »

Offline aatradekhi

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Re: HUBC -- Hub Power Company Limited
« Reply #1197 on: October 30, 2019, 01:29:53 PM »
1ST QTR
UNCONSOLIDATED
1.24 VS 1.25
CONSOLIDATED
4.29 VS 2.47

Offline aatradekhi

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Re: HUBC -- Hub Power Company Limited
« Reply #1198 on: February 25, 2020, 03:38:09 PM »