Author Topic: HUBC -- Hub Power Company Limited  (Read 254330 times)

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Offline Farzooq

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Re: HUBC -- Hub Power Company Limited
« Reply #1139 on: October 25, 2018, 01:02:48 PM »
HUBC: 1QFY19 earnings are expected to increase by 29% YoY

Hub Power Company (HUBC) is scheduled to announce its 1QFY19 result on October 26, 2018. We expect the company to post a PAT of PKR 3,085mn (EPS: PKR 2.67), up by 29% YoY. Net sales are expected to decrease by 32% YoY / 29% QoQ during 1QFY19. The decline in sales is mainly due to 81% YoY decline in dispatches of Hub Plant (344 GWh; Load Factor: 13%). The dispatches of Nowal and Laraib plant also decreased by 5% YoY (306 GWh; Load Factor: 65%) and 37% YoY (58 GWh; Load Factor: 32%). However, the FO prices increased by 44% YoY. Gross margins are estimated to clock-in at 29% which are 1,338pps higher YoY on the back of lower load factor and 13% YoY PKR depreciation. Finance costs are expected to increase by 34% YoY due to higher reliance on short term borrowings (+16% YoY) and higher interest rates. Along with the result, we expect the company to announce a cash dividend of PKR 1.50/share.

 
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Re: HUBC -- Hub Power Company Limited
« Reply #1139 on: October 25, 2018, 01:02:48 PM »

Offline Farzooq

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Re: HUBC -- Hub Power Company Limited
« Reply #1140 on: October 26, 2018, 12:17:21 PM »
HUBC announced its 1QFY19 earnings of PKR 2.56/share

Hub Power company (HUBC) announced its 1QFY19 financial results today. The company posted profit after tax of PKR 2,961mn (EPS: PKR 2.56) in 1QFY19, up by 24% YoY compared to PKR 2,384mn (EPS: PKR 2.06) in 1QFY18. Surprisingly, the company did not announced any cash dividend against street consensus of PKR 1.50/share.

 Result Highlights

·         Net sales of the company decreased by 34% YoY to PKR 17,946mn during 1QFY19.

·         The decline in sales is mainly due to 81% YoY decline in dispatches of Hub Plant (344 GWh; Load Factor: 13%). The dispatches of Nowal and Laraib plant also decreased by 5% YoY (306 GWh; Load Factor: 65%) and 37% YoY (58 GWh; Load Factor: 32%). However, the FO prices increased by 44% YoY.

·         Gross margins clocked-in at 27% which are 1,168pps higher on YoY basis. The rise in margins is due to lower load factor and 13% YoY PKR depreciation.

·         Finance costs has increased by 30% YoY due to higher reliance on short term borrowings (+16% YoY) and higher interest rates.

Recommendation

·         Currently we have a BUY stance on HUBC with a Dec-18 target price of PKR 135.90/share.

 
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Offline mrayyazee

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Re: HUBC -- Hub Power Company Limited
« Reply #1141 on: October 30, 2018, 10:57:59 AM »
Hi All,

Kindly seniors please guide and suggest good divined paying share like (Hubc, Kapco)...

any good paying share from across all sectors.....

Offline stuka

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Re: HUBC -- Hub Power Company Limited
« Reply #1142 on: October 30, 2018, 11:07:41 AM »
Hi All,

Kindly seniors please guide and suggest good divined paying share like (Hubc, Kapco)...

any good paying share from across all sectors.....

EFERT good dividend paying stock at the moment
FASM, HUBC, OLPL, UNITY, KHTC, PNSC, NETSOL, TGL

Offline leraningtheropes

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Re: HUBC -- Hub Power Company Limited
« Reply #1143 on: October 30, 2018, 11:08:46 AM »
Has anyone received the last dividend yet?

Offline StarWolf

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Re: HUBC -- Hub Power Company Limited
« Reply #1144 on: October 30, 2018, 11:17:01 AM »
Has anyone received the last dividend yet?

yes received.

Offline leraningtheropes

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Re: HUBC -- Hub Power Company Limited
« Reply #1145 on: October 30, 2018, 11:38:28 AM »

Offline mrayyazee

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Re: HUBC -- Hub Power Company Limited
« Reply #1146 on: October 30, 2018, 01:12:23 PM »
Hi All,

Kindly seniors please guide and suggest good divined paying share like (Hubc, Kapco)...

any good paying share from across all sectors.....

EFERT good dividend paying stock at the moment

Thanks a lot, added EFERT in the list :)