Author Topic: PTC -- Pakistan Telecommunication Company Limited  (Read 360359 times)

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PTC -- Pakistan Telecommunication Company Limited
« Reply #-1 on: June 06, 2009, 01:06:52 PM »
technicals : oversold and bearish on charts with supports around 14

fundamentals : fair values of ptc vary from 20 by kasb , 25 by elixir , 30 by akd to 35 by bma

eps for 2009 will be around 2 with dividend of rs 1.5
eps for 2010 will be around 2.5 with dividend of rs 1.65
« Last Edit: March 28, 2013, 10:38:45 AM by M&M »

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PTC -- Pakistan Telecommunication Company Limited
« Reply #-1 on: June 06, 2009, 01:06:52 PM »

Offline 007

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Re: PTC -- Pakistan Telecommunication Company Limited
« on: June 08, 2009, 11:36:58 PM »
Farzooq sb your picks in mkt

Offline Farzooq

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #1 on: June 14, 2009, 01:00:33 AM »
o Reduction of Federal Excise Duty on telecommunication services.
• Reduction of Federal Excise Duty on telecommunication services from 21% to 19 % is aimed at reducing the cost of the service.
Enforced through amendment in Table II First Schedule to the Federal Excise Act, 2005, effective from the 1st July, 2009.
o Reduction of activation charges of cellular phones.
• Reduction of activation charges of cellular phones from Rs. 500 to Rs. 250 is aimed at reducing the cost of new connection of mobile phones.
Enforced through SRO. 476(I)/2008 dated 13.06.2009, effective from the 1st July, 2009.


o Enhancement of FED on short message services.
• Levy of twenty paisa per SMS in addition to the rate specified for telecommunication services is aimed at meeting revenue requirements.
Enforced through amendment in Table II of First Schedule to the Federal Excise Act, 2005, effective from the 1st July, 2009.



positive for ptcl
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Offline Farzooq

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #2 on: June 14, 2009, 08:50:17 PM »
Cell phone companies hail cut in taxes

By Muhammad Yasir

KARACHI: The cellular phone companies hailed the government announcement to reduce different taxes on telephony services and termed it positive for the growth of subscribers in the next fiscal year.

In the Finance Bill 2009-10, the Federal Excise Duty/General Sales Tax (FED/GST) has been reduced to 19 percent from 21 percent. The SIM Activation Tax has been slashed to Rs 250 from Rs 500 per connection, Rs 250 regulatory duty has been removed and custom duties have been cut to Rs 250 from Rs 500 per handset.

Except the proposed cut in FED/GST, the stakeholders of the cellular phone sector have hailed other government measures. But they have shown unhappiness over the FED/GST cut and termed insufficient according to their demand to reduce it to 16 percent, the equivalent rate for other sectors.

Chairman Pakistan Telecommunication Authority (PTA), Dr Muhammad Yaseen sees the government’s budgetary step a catalyst to penetrate telephony services in the rural areas of the country.

He added that reduction of the proposed FED/GST and SIM activation taxes will also strengthen the revenues of the cellular phone and encourage them to introduce more technologies.

He added the new measures would boost inflow of investment generate revenue in if it retains in the next Finance Act.

Official of Samsung Mobile, Zeeshan Querishi hailed the government decision of cutting custom duties by 50 percent and removal of regulatory duties on the handset, saying it will have a positive impact on the retail prices of handsets.

The share of lower-prices handset consists of more than 40 percent in overall domestic market, which will promote the sales of mobile phone in the rural areas of the country, he added.

He predicted that this measure would recover the handset sales market across the country, which have witnessed a slump since the previous fiscal year, and strengthen the legal channel of trade by discouraging smuggling of handsets.

On the other hand, officials of the mobile phone operators said that companies had strongly suggest to level the FED/GST with other sectors.

An official of the mobile phone company commented that the 21 percent GST/FED have hit company’s revenue substantially and the proposed cut at 19 percent is not according to the companies expectations.

Another spokesman of mobile phone companies said the high consumption pattern is directly attributed to the FED/GST amount but if it should reduce to 16 percent in the next fiscal year, it will also improve the revenue growth of government and companies.

The mobile handset having value of under $100 could not be luxurious item,” he said and added that the government should have exempted and reduced the duties on small sized mobile sets so it could be used by the common man, he added.
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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #3 on: June 17, 2009, 01:26:44 PM »
Dividend from PTC budgeted at Rs6.2bn
Dividend from PTC has been estimated at Rs6.2bn in FY10. Given a holding of 62% of the
government, this comes to an estimated Rs2.2/share in FY10. The revised estimate of FY09
also stands at Rs4.2bn; considering that PTC has not given out any dividend yet, this comes
out to be a dividend of Rs1.48/sh in 4QFY09. We expect a final dividend of Re1.0 in FY09.
Recommendation
We recommend ‘Buy’ on PTC, with an SoTP based Dec-09 TP of Rs35/sh., with 87% of this
target price comprising of the stand alone operations and the remaining attributable to
Ufone.

investcap

Offline Farzooq

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #4 on: June 24, 2009, 12:03:43 AM »
FED on Telecom increased by 50bps to 19.5%
The FED on Telecom has been increased by 50bps to 19.5%. The govt. collected ~Rs23.5bn
(at 21% FED) in 1HFY09, whereas at 19.5% we estimate this figure to be ~Rs22bn. Thus, the
marginal 50bps increase would not compensate for the withdrawal of the Re0.2/SMS tax as
it was estimated to net an amount of Rs5-6bn per annum for the govt.
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Offline 007

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #5 on: June 25, 2009, 11:06:39 PM »
 >:( going no where

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #6 on: June 26, 2009, 12:34:28 PM »
PTC 17  :P

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #7 on: June 30, 2009, 01:23:16 PM »
In an Emergency Board Meet ing held today, the Pakistan
Telecommunication Company Ltd. (PTCL) has recommended 15% or
PkR1.5/share interim Cash Dividend for the year ending June 30, ’09. In
related news, PTCL has signed a strategic agreement with Habib Rafiq
International Pvt. Ltd (HRI), a broadband unit. In this regard, Habib Rafiq
International (Pvt.) will provide PTCL’s next generation technologies and
network, to their existing and new customers in the SME segment and
will be responsible for 24 hour after sales support and customer care.

Offline 007

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #8 on: July 03, 2009, 01:08:04 PM »
where do u see PTCL befre the dividend

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #9 on: July 04, 2009, 01:29:30 PM »
where do u see PTCL befre the dividend

18 plus

um@ir

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #10 on: August 03, 2009, 11:30:51 AM »



seems to be making another bottom, buy with target price of 18.25


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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #11 on: August 03, 2009, 04:14:25 PM »



seems to be making another bottom, buy with target price of 18.25



Umair bhai 50 k liya ha. Loss he loss. Red he red!!! Kya karon??? Already 0.40 paisay lay giya ha meray...  >:(

Offline 007

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #12 on: August 03, 2009, 09:04:50 PM »
umair sb dont mind but tour uy calls in atrl and fccl also did not work

um@ir

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #13 on: August 04, 2009, 01:14:15 PM »
whot ?

um@ir

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #14 on: August 04, 2009, 01:15:15 PM »
umair sb dont mind but tour uy calls in atrl and fccl also did not work

OK !!

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #15 on: August 04, 2009, 01:52:51 PM »
umair sb dont mind but tour uy calls in atrl and fccl also did not work

OK !!

these calls based on technicals dont guarantee they would work in a day or two sometimes it takes time
pol gave a break out on first july
but didnt start performin before 15th july http://pakinvestorsguide.com/index.php/topic,36.msg2797.html#msg2797

u also see the that atrl and fccl hit highs and are consolidating after umairs buy calls

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #16 on: August 04, 2009, 01:58:09 PM »
umair sb dont mind but tour uy calls in atrl and fccl also did not work

OK !!

these calls based on technicals dont guarantee they would work in a day or two sometimes it takes time
pol gave a break out on first july
but didnt start performin before 15th july http://pakinvestorsguide.com/index.php/topic,36.msg2797.html#msg2797

u also see the that atrl and fccl hit highs and are consolidating after umairs buy calls


Hmm... ATRL didnt do well. Han FCCL chal giya tha but its seems lika a tukka

um@ir

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #17 on: August 04, 2009, 02:02:26 PM »
honday bhai,

can you please tell me today's ATRL high and compare my TARGET !!! price !!! ??

I would be highly thankful to you for general benefit of your honorable forum members !!!


thank you so much in advance !!!

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Re: PTC -- Pakistan Telecommunication Company Limited
« Reply #18 on: August 04, 2009, 02:13:19 PM »
Haan theek ha. But chala tu nahe na cap-o-cap!!! Yeah chalna thore na hota ha  ;D