Author Topic: NCL -- Nishat (Chunian) Limited.  (Read 175586 times)

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Toshi

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NCL -- Nishat (Chunian) Limited.
« Reply #-1 on: October 10, 2008, 03:44:11 PM »
All About Nishat (Chunian) Limited.
« Last Edit: February 01, 2012, 11:02:30 AM by M&M »

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NCL -- Nishat (Chunian) Limited.
« Reply #-1 on: October 10, 2008, 03:44:11 PM »

Offline Papa Jee

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Re: NCL -- Nishat (Chunian) Limited.
« on: September 23, 2009, 08:57:59 PM »
NCL should not be ignored at these levels.

rohail

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #1 on: September 25, 2009, 12:01:33 AM »
NCL chupa rustam bana hoa he aaj kal....aaj ko mila ke 4 upercaps lag chuke he ise...

farzooq sb ...kindly sugest suport n resistance levels of NCL plz...i m holding it...

thnx!

Toshi

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #2 on: October 30, 2009, 02:45:08 PM »
30-OCT-09 NCL Nishat (Chunian) Ltd FINANCIAL RESULT FOR THE FIRST QUARTER ENDED 30/09/2009
30-OCT-09 NCL Nishat (Chunian) Ltd PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 117.665
30-OCT-09 NCL Nishat (Chunian) Ltd PROFIT/LOSS AFTER TAXATION RS. IN MILLION 89.665
30-OCT-09 NCL Nishat (Chunian) Ltd EPS = 1.08 Basic 0.72 Diluted

Offline sumbul

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #3 on: December 16, 2009, 12:12:33 PM »
Forming an bullish head & shoulder formation the stock has taken out neck line resistance at around PKR17.00 giving a target of around PKR21.00. However, intermediate resistances are placed at PKR17.58 -17.71.[/b]

Toshi

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #4 on: December 16, 2009, 06:24:04 PM »







Offline Admin

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #5 on: January 05, 2010, 12:15:59 PM »
NCL: A healthy return of 138% in FY10 YTD

An increase of 138% in its market capitalisation,
since the beginning of the current fiscal year (FY10)
has brought Nishat Chunian Limited (NCL) amongst
the volume leaders these days. Though we do not
cover NCL in our universe, healthy activity in the
scrip has compelled us to analyse the company
fundamentals and update our clients about the
frivolities in the company. The company has already posted
earnings of Rs90mn (EPS of Rs0.72) in 1QFY10, almost
equivalent to full FY09 earnings (Rs103mn or an EPS of
Rs0.83), on the back of higher export sales (especially in the
spinning business). Moreover, NCL has ventured into the
power business by setting up Nishat Chunian Power Limited
(NCPL) which will provide a stable dividend stream from FY11
and beyond. Based on our preliminary estimates, the
company could post an EPS of Rs2.4 and 3.2 in FY10E and
FY11F, respectively. Currently, the stock is trading at a
FY10E and FY11F PE of 8.5x and 6.4x respectively. Hence,
we recommend investors to ‘Accumulate’ at current levels.

Offline niaz.ahmed

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #6 on: January 27, 2010, 03:04:33 PM »
ncl 22.0 +, is entry advisable ? when is bm?

Offline sumbul

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #7 on: February 11, 2010, 11:36:37 AM »
BUY NCL TARGET 23.50  :goodl:

Offline sumbul

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #8 on: February 12, 2010, 10:41:32 AM »
The price action seems to be of constructive in nature, and a sustain move with affluent participation will give a
target value of around 24.50 - 2 5.00. Buy on break out or at weakness with risk defined on close below PKR21.50
.
  :biggthumpup:

Offline sumbul

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #9 on: February 15, 2010, 11:49:08 AM »
The price action seems to be of constructive in nature, and a sustain move with affluent participation will give a
target value of around 24.50 - 2 5.00. Buy on break out or at weakness with risk defined on close below PKR21.50
.
  :biggthumpup:

 :goodc:  :shoaby:

Offline sumbul

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #10 on: February 15, 2010, 03:05:39 PM »
The price action seems to be of constructive in nature, and a sustain move with affluent participation will give a
target value of around 24.50 - 2 5.00. Buy on break out or at weakness with risk defined on close below PKR21.50
.
  :biggthumpup:

 :goodc:  :shoaby:

I WABT CAAAAAAAAPPPP  :thumbsup_anim:

Offline 007

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #11 on: February 16, 2010, 12:25:10 AM »
sold at 21.75 :crying_anim02:

Offline Mr.TOOL

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #12 on: March 08, 2010, 10:20:05 PM »
TRUST IN GOD AND DO THE RIGHT.

Offline Karuli

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #13 on: March 11, 2010, 01:28:33 PM »
enjoy uper cap

Offline Farzooq

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #14 on: March 26, 2010, 01:14:41 PM »
NCL: ‘Buy’ on a higher dividend income from NCPL

Nishat Chunian Power Limited (NCPL) conducted a
conference call yesterday to discuss the progress of
its power plant and the future outlook. NCPL’s
200MW power plant was expected to come online by
the end of March, but due to some technical issues
on the part of EPC’s contractor Wartsila, the
Commercial Operations Date (COD) has been
postponed to mid-end May, 2010. However, Wartsila would
be liable to pay a daily penalty of €66k post Mar 31, 2010 until
the commissioning date capped at €13mn. This would provide
NCPL with the necessary cushion against its debt financing
expense as 80% of the project is funded via debt.
Dividend payout of Rs450-500mn in FY11
The management of NCPL informed that the company
expects to start paying dividends from FY11, with a payout of
Rs450-500mn (80-90%), on projected earnings of Rs500-
600mn. In light of the new information disclosed by NCPL’s
management, we have revised our dividend income
projections and valuation for Nishat Chunian Limited (NCL).

NCL valuation target upgraded 9% to Rs24
We had initially estimated NCPL to start paying dividends
from 2HFY12, with a payout of 75-80% for the entire project
life. However, after the conference call, we have raised the
payout ratio to 85% with a full year dividend payout for FY12.
This would translate into a dividend income of Rs254mn for
NCL, as it has a 57.8% stake in NCPL. Resultantly, our
valuation for NCL has risen by 9% (Rs2 per share) with our
new SOTP target price of Rs24. We have valued the textile
business at Rs14 per share, while the power segment would
contribute Rs10 per share (Rs8/share earlier).

Investment case: Buy NCL & divest from NCPL
Based on the preliminary estimates, the price of NCPL which
is currently trading at Rs9.85, has been duly incorporated in
our valuation at Rs6. Hence, we advise investors to divest
their holdings in NCPL and instead take exposure in NCPL
via NCL. The investment case offers the perfect arbitrage as
apart from providing exposure to NCPL at a deep discount,
investors also get to enjoy the upside potential of NCL.

NCL: Upgraded to ‘Buy’
Based on the information revealed by NCPL’s management,
we have upgraded our earnings and valuation estimates for
NCL, with a revised target price of Rs24. In addition, the
recently announced mark up facility, declining cotton prices
and the government’s renewed efforts for wider market
access in EU and US strengthens our confidence in the textile
business of NCL. Trading at FY11F PBV of 0.7x, we have
upgraded our stance on NCL from ‘Accumulate’ to ‘Buy’.
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Offline Dr nouman

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #15 on: April 09, 2010, 10:53:55 AM »
 :thumbsup_anim:
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Offline msssuhaque

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #16 on: April 21, 2010, 12:26:43 PM »
anyone has any good update on this?

Offline msssuhaque

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #17 on: April 21, 2010, 03:38:01 PM »
upper lock today. whats a good selling price?

Offline Saba-AL-khair

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Re: NCL -- Nishat (Chunian) Limited.
« Reply #18 on: April 21, 2010, 04:59:20 PM »
upper lock today. whats a good selling price?

I baught it today at 21.76 and planning to sell it at 24 tommorow.