Author Topic: FFBL -- Fauji Fertilizer Bin Qasim  (Read 511557 times)

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Offline KI

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1939 on: June 09, 2019, 10:20:22 PM »
Federal government increases agriculture budget from Rs 1bn to Rs 12bn
ByShahzad Paracha -June 9, 2019084
 
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ISLAMABAD: Officials documents state that federal government has added 24 new agriculture related projects in federal PSDP and for this purpose, government has kept Rs 10 billion in the upcoming fiscal year.

The last government had allocated Rs 1 billion in the outgoing fiscal year budget for agriculture related projects. The new agricultural budget has been prepared and formulated by close aide of the prime minister Jahangir Khan Tareen, sources informed Pakistan Today.

Officials told that the government has identified schemes in the agriculture sector with focus on productivity enhancement of major crops through efficient irrigation practices, reduction in cost of production by adopting right combination of use of fertilizers and certified high yield seeds.

Also, targeted efforts would be made for enhanced export of agriculture value added projects and reduction in export of raw material, coordinated research and development of command area. The main emphasis is not only to ensure food security for growing population but also bring about prosperity in the lives of rural population in general and small farmers in particular.


 
“Task force on agriculture has identified projects in consultation with provincial governments and private sector for fast track promotion of this sector by enhancing allocation from Rs 1 billion in 2018-19 to Rs 12 billion during 2019-20”, according to official record.

About 24 new projects under the national food security & research division would be launched in fiscal year 2019-20 with a total allocation of Rs 10.45 billion and remaining Rs 87 billion would spill over the next few years as a throw forward.

Half of these projects – 12 out of 24 – are yet to be approved by any development forum – the Central Development Working Party (CDWP) or the Executive Committee of the National Economic Council (ECNEC).

One of the major projects among them is Rs 56 billion worth of National Programme for Improvement of Water Resources in the country. The project is still unapproved by any technical forum from economic viability aspect but has been allocated an amount of Rs 5.5 billion for next year.

Another Rs 11 billion project – as of yet unapproved – is Enhancing Command Area of small and mini dams has also been given an allocation of Rs 1.1 billion in the first year. Likewise, another major project worth Rs 7.1 billion – Productivity Enhancement of Wheat – has been allocated Rs 650 million next year. Yet another project of Rs 4.2 for National Oilseed Enhancement has been earmarked Rs 400 million for next year.

Another pilot project for development of shrimps farming worth Rs 1.4 billion will be given an amount of Rs 400 million next year. Rs 450 million have been allocated for Rs 4.05 billion worth of Rice Productivity enhancement while Rs 200 million earmarked for Rs 1.2 billion sugarcane enhancement project.

Rs 50 million allocation has been made for Backyard Poultry, Rs 60 million for cage fish culture cluster development, Rs 400 million for conservation and efficient use of water in barani areas of Khyber Pakhtunkhwa and Rs 100 million for Calf Feeder Farming.

Likewise, Rs 200 million would be spent next year on Rs 1.5 billion Promotion of Trout Cage Farming in Northern Areas of the country while Rs 200 million being given to Rs 800 million worth of Save the Buffalo Calf Project and Rs 50 million for Better Cotton Initiatives.


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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1939 on: June 09, 2019, 10:20:22 PM »

Offline KI

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1940 on: June 09, 2019, 10:33:26 PM »
In FFBL long legged doji occurred after a long bearish trend, rsi at 24 so it could be now bullish, moreover if GIDC converted into GST, it would be beneficial for fertilizer sector as its adjusted by input GST, moreover by its GIDC provision reversal would impact its EPS by 9.5 rupees, so it seems bullish
In the view of of above technical and fundamental seniors please your valuable comments & target price please

Offline KI

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1941 on: June 25, 2019, 06:09:51 PM »
In FFBL formation of inverse head & shoulder, which indicates upward rally is expected

Offline hizohaib3

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1942 on: July 02, 2019, 07:38:15 AM »
urea price increased 210 per bag sales also improved when we see ffbl go up?

Offline hizohaib3

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1943 on: July 10, 2019, 09:28:49 PM »
AKD Research Report 10 July 2019
Pakistan Fertilizer_GIDC settlement – The time has come, (AKD Daily Jul 10, 2019)
The recent increase in urea price (PKR210/bag) has reportedly been put on hold, as discussions on GIDC have regained some momentum. With fiscal constraints and IMF ruling out direct subsidies, and sales tax already at bare minimum, GIDC settlement now appears the only plausible solution to allay concerns on agricultural growth.
GIDC settlement as per proposal - 50% reduction in prospective GIDC application for those who clear 50% of GIDC overdues - will be sufficient to nullify the recent round of gas price hike.
Potential GIDC settlement may result in an inflow of PKR40bn for the GoP, while, continuity of operations of Agritech and FatimaFert on subsidized gas to tip demand supply dynamics and influence urea price would instead imply an outflow of PKR13-14bn from the national kitty.
Non-concessionary players (FFBL and FFC) are expected to emerge as major beneficiaries – while FFC is expected to book a higher one-off gain due to higher GIDC payable outstanding, FFBL is expected to be the prime beneficiary on a recurring basis.
 

Online Farooq Qadir

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1944 on: September 20, 2019, 04:10:41 PM »

FFBL ko kia howa ?
POL, PSO,AICL,SEARL,NRL,FFC,FFBL,UBL,OGDC,MUGHAL

Offline aftab iqbal

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1945 on: October 13, 2019, 04:12:09 PM »
Much discounted rates in sector as well as market. Strong buy

Online Farooq Qadir

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1946 on: October 23, 2019, 11:45:37 AM »

AKD Daily

FFBL


Fauji Fertilizer Bin Qasim Ltd (FFBL) is expected to post 3QCY19 NLAT of PkR76mn (LPS: PkR0.08) on a standalone basis, vs. NPAT of PkR790mn (EPS: PkR0.85) in 3QCY18. This will take cumulative 9MCY19 NLAT to PkR2.0bn (LPS: PkR2.17) vs PkR203mn (LPS: PkR0.22) in the same period last year. The loss for the quarter is expected to be largely on the back of (i) 5.4ppt YoY lower gross margins of 12.6%, courtesy cost push inflation amid limited pass-on and (ii) 95% YoY higher finance cost due to additional borrowing for working capital amid policy rate hikes. On sequential basis, the losses are expected to remain flattish despite 62/31% feed/fuel gas price hike (effective Jul’19), due to higher ending inventory amid higher retention prices. However, absence of (i) dividend income from Pakistan Moroc Phosphore (PMP), and (ii) deferred tax of PkR533mn in the previous quarter will keep bottomline in red. Downside risk to our earnings estimate may emanate from higher finance cost due to IFRS 16 implementation w.r.t power purchasing agreement with FFBL Power Company Ltd or, FX losses (7% QoQ PKR depreciation). On the other hand, dividend from unlisted associates/subsidiaries is an upside risk to our earnings estimates – case in point, PkR761mn dividend from PMP in 2QCY19.
POL, PSO,AICL,SEARL,NRL,FFC,FFBL,UBL,OGDC,MUGHAL

Offline aatradekhi

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1947 on: October 25, 2019, 03:51:39 PM »
Financial Announcements
Fauji Fertilizer Bin Qasim Ltd. Consolidated Nine Month Results Sep 2019
EPS 3Q = Rs (1.41)
EPS Uptill 9M = Rs (4.36)
9M Growth= (1627%)
Last 9M EPS = Re 0.29

Offline bhatti11

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1948 on: October 25, 2019, 04:36:48 PM »
I was just thinking to buy it in morning but didn't. Let's see if it's comes 13/14

Offline Zed

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1949 on: October 29, 2019, 03:32:17 PM »
Foundation Alert: FFBL Potential sale of Fauji Meat Limited

Event

Fauji Fertilizer Bin Qasim Limited (FFBL PA) has been approached by a potential acquirer for the majority stake in its subsidiary of Fauji Meat Limited.

Impact

FFBL has been approached by a potential acquirer that has expressed its intention to enter into negotiations or discussion with the company for the proposed acquisition of majority voting shares in FFBL’s subsidiary, Fauji Meat Limited (FML).

FFBL holds 83% stake in FML while remaining 17% is with Fauji Foundation.

FML was incorporated in 2013 as a subsidiary of FFBL, owns the largest and most technologically advanced slaughtering plant, having capacity of 200 tons of meat (170 tons beef and 30 tons mutton) in both Frozen and chilled categories. The plant is spread over 47 acres of land with animal holding capacity of 800 for cattle and 400 for sheep and goat.

The principal objectives of FML are to establish and operate a meat abattoir unit for Halal slaughtering of animals to obtain meat for local and export sale. FML has commenced its commercial operations during the first quarter of 2017.

For exports, company has built an ecosystem of over 22 countries in a short span of 5 years. Recently, it started to cater domestic market under the brand name of “Zabeeha”.

FML is a certified facility for ISO 9001:2015, HACCP, Halal PS 3733:2013, JAKIM Halal, Malaysia and FSMS-22000.

FML has an asset size of Rs8.2bn out of which Rs6.6bn is of Plant and Machinery while cost on FFBL’s book is Rs3.7bn.

In 1HCY19, FML has recorded sales of Rs1.1bn, up 219% YoY. However, its profitability remained in red with net loss of Rs683mn (contribution in FFBL: LPS of Rs0.61/sh) mainly due to low volume operations causing less absorption of fixed cost.

Outlook

We await further clarity to draw conclusion regarding purchase price of FML and its impact on FFBL.

Offline Saeed Muhammad

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1950 on: December 18, 2019, 09:48:42 AM »
Any opinion / guidance on it please
Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.
Daniel Drew

Offline kamranbutt_dada

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1951 on: December 18, 2019, 04:45:54 PM »
Any opinion / guidance on it please

Stay away, as results will be worst for 2019 and next months.

Offline Salammembers

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1952 on: December 18, 2019, 05:33:56 PM »
Any opinion / guidance on it please
From tomorrow laoooo haay , Hold  :rtfm:

Offline Afzal

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1953 on: December 23, 2019, 08:55:42 AM »
24.50 say 26 ki target price sun k liya tha lat week 22.50 pay ... from same day it  :[
most probably it went down due to 2 reasons .
1) news about Gas Price Hike
2) Market Jerks due to Musharaff decision

However, Since it has Decemner year end, and result is announced within January.... Pre-result rally can not be ruled out  :good :fingerscrossed1:
me holding 22.50 wala for at least 24.50-25. Rest ALLAH knows better.

Online nma

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1954 on: December 26, 2019, 08:05:35 PM »
ye yateem acha lag raha hai  :skeptic:

Online nma

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1955 on: January 29, 2020, 09:23:59 AM »
ye yateem acha lag raha hai  :skeptic:

Is yateem ki kifalat Rs 17 onwards krni zaroor banti hai.  :rtfm:

Offline Farzooq

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1956 on: January 29, 2020, 11:34:03 AM »
FBL- Annual Result

Annual Result

LPS  2019 = (6.82) PKR
EPS  2018 = 1.68 PKR

Cash Dividend = NIL
Bonus Share =  NIL
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Offline umair vohra

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1957 on: March 25, 2020, 10:54:58 AM »
75 Bps Previous latest 150 Bps Impact total Re 1
Seem to be capped today.

Offline Salammembers

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Re: FFBL -- Fauji Fertilizer Bin Qasim
« Reply #1958 on: March 28, 2020, 07:39:38 PM »
75 Bps Previous latest 150 Bps Impact total Re 1
Seem to be capped today.

 :fingerscrossed1: