Author Topic: DGKC -- DG Khan Cement Company  (Read 429202 times)

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Offline y2jharoon

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Re: DGKC -- DG Khan Cement Company
« Reply #2339 on: February 17, 2019, 02:39:02 PM »
Ma samjha tha ka thore bht tazi hojaye 400 500 points ki ya samjh ka ka awam mandi ma ha bht yahan to awam tazi ma ha ab to mandi paki ha

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Re: DGKC -- DG Khan Cement Company
« Reply #2339 on: February 17, 2019, 02:39:02 PM »

Offline aatradekhi

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Re: DGKC -- DG Khan Cement Company
« Reply #2340 on: February 18, 2019, 03:37:14 PM »
HALF YEAR BM
Tuesday 26-02-2019 12pm

Offline nma

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Re: DGKC -- DG Khan Cement Company
« Reply #2341 on: February 19, 2019, 12:48:50 AM »
88 tak pull down or phr slingshot 101 lagta hai mere ko  :skeptic:
Sab kuch Rangebound hai Bhai.. Jo upperlock band hota hai aglay din -1% open aur Jo lower cap band hota woo +1% open hota hai.. issi liay parsoo DOL nahin khareeda upper cap k pass aur Kal DGKC ke short position cover Kari lower cap se 10 Paisa ooper..

But 10% down and 13% up banta hai is mein. 83 se 101 kiya hai, kuch tou spread banaenge before a double top is made.

Bois, 88 par support dena before BM.  :rtfm:

Online aharoon

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Re: DGKC -- DG Khan Cement Company
« Reply #2342 on: February 19, 2019, 11:40:57 AM »
95 96 pe profit taking Karo..
Cements again weak hojain gee..

Offline aatradekhi

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Re: DGKC -- DG Khan Cement Company
« Reply #2343 on: February 19, 2019, 12:04:00 PM »
. Pakistan’s imports of goods
and services amounted to USD1.7bn from India in 2017 while exports totaled only USD0.4bn in the same period, implying balance of trade of USD1.4bn in India’s favor. While Pakistan is yet to announce retaliatory trade measures, imposition of duty is a big negative for cement and soda ash export. Pakistan exports ~USD54mn of cement to India (25% of the industry cement exports in terms of quantity), mainly to Indian Punjab region. The increase in duty has effectively priced out Pakistan’s cement exports to India. Nevertheless, we highlight that in past five years, cement exports have shrunk significantly as % of total sales and hence the impact on cement manufacturers will be limited (2?8% of companies earnings, with MLCF and DGKC being most impacted and LUCK & KOHC being least impacted).

Offline Farzooq

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Re: DGKC -- DG Khan Cement Company
« Reply #2344 on: February 25, 2019, 01:43:40 PM »
DGKC: 1HFY19 earnings to decline by 74% YoY

DG Khan Cement Company Limited (DGKC) is scheduled to announce its financial result on 26th Feb’19, whereby we expect the company to post earnings of PKR 549mn (EPS: PKR 1.25) in 2QFY19, down by 39% YoY from PKR 896mn (EPS: PKR 2.05) in SPLY. We forecast topline of the company to arrive at PKR 11bn, depicting a noteworthy growth of 36% YoY on the back of 31% YoY jump in dispatches to 1.7mn tons together with higher retention prices. Albeit, margins are projected to compress to 13% vis-à-vis 32% in SPLY led by 26% depreciation in the Pak Rupee against US Dollar, 10% YoY uptick in average coal prices as well as higher depreciation charge post operationalization of its new line in South. In addition, finance costs are projected to undergo a massive hike of 6x to PKR 669mn in 2QFY19, in-line with higher borrowings. This will take the cumulative PAT for 1HFY19 to PKR 967mn (EPS: PKR 2.21) compared to PKR 3,734mn (EPS: PKR 8.52), down by 74% YoY. Although company sales remained robust at PKR 19bn (up by 23% YoY given 22% growth in dispatches), weaker gross margins at 13% (1HFY18: 33%) tagged with higher finance costs adversely effected the bottom-line in 1HFY19.
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Offline Farzooq

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Re: DGKC -- DG Khan Cement Company
« Reply #2345 on: February 26, 2019, 03:37:04 PM »
Elevated cost structure outweigh substantial increase in clinker export sales; pushes EBIT down by 32%YoY… However positive tax impact and accounting anomaly present a positive case

 ·         D. G. Khan Cement Company Limited (DGKC) announced its financial results for 2QFY19 with unconsolidated earnings clocking in at PKR 1.32bn (EPS: PKR 3.02), up by a substantial +48%YoY, as compared to PKR 896mn (EPS: PKR 2.05) reported in the same period last year. However, the results are impressive on a sequential basis, reflecting a two fold increase.

·         The inclined percentage of +48%YoY is subject to anomaly with respect to its base figure. To recall, DGKC in 1QFY18 had recorded early recognition of tax incentives due on its Hub Plant, which it subsequently reversed in 2QFY18 probably on recommendations of its external auditors. This eventually led to declined PAT in 2QFY18, thus propelling an apparent YoY increase.

·         Net Sales of the Company have increased by +41%YoY, likely due to substantial export clinker exports from South plant.

·         Gross profits of the Company have been washed away by 17%YoY, largely due to rise in input prices and more so due to inclusion of substantial depreciation expense pertaining to recently inaugurated Hub Plant of the Company.

·         EBIT of the Company has collapsed by a significant 32%YoY, driven by +64%YoY increase in Selling, Distribution and Admin costs of the Company, which in turn was subject to incremental freight costs incidental to export sales.

·         Finance cost of the Company leaped up by 7 folds, largely on account of unwinding of finance cost to income statement post inauguration of DGKC Hub Plant.

·         The downside impact was arrested by a positive tax reversal, likely on account of unused tax credits available on investments made in DGKC Hub Plant
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Online aharoon

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Re: DGKC -- DG Khan Cement Company
« Reply #2346 on: March 06, 2019, 01:51:59 AM »
Sell on strength ..

Online aharoon

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Re: DGKC -- DG Khan Cement Company
« Reply #2347 on: March 09, 2019, 06:15:13 PM »
Dgkc main abhi bhi kafi houses ke buying positions phasi hue Hain..
Issay bhi sell on strength karna chaheay :skeptic:

Online Salammembers

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Re: DGKC -- DG Khan Cement Company
« Reply #2348 on: March 10, 2019, 01:04:20 AM »
Dgkc main abhi bhi kafi houses ke buying positions phasi hue Hain..
Issay bhi sell on strength karna chaheay :skeptic:

good idea as mansha in trouble :fingerscrossed1:

Offline Farzooq

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Re: DGKC -- DG Khan Cement Company
« Reply #2349 on: March 11, 2019, 09:12:32 PM »
DGKC: Earnings revised to reflect changes in accounting estimates; maintain ‘Hold’

·         We have revised our earnings estimates and target price for D.G Khan Cement Company Limited (DGKC) and reiterate our ‘Hold’ call.

·         To recall the company reported 2QFY19 earnings of PKR 3.02/share (1HFY19 EPS: PKR 3.98), significantly higher to our and consensus expectations, which was totally uncalled for given weak cement sector fundamentals during the period and more so because of its poor 1QFY19 earnings display of PKR 0.95/share.

·         As per the interim report, the management of the Company has extended the useful lives of majority of its fixed assets resulting in a lower depreciation charge of PKR 988mn during 1HFY19.

·         The change in depreciation estimate has resulted in revised earnings forecasts. Our revised earnings forecasts for FY19E/20F/21F/22F have inched up by +30%/19%/16%/12% respectively to (PKR 8.91/11.03/11.13/12.73) /share. However, our Dec-19 based target price drops by 6% to PKR 94/share.

·         We reiterate a “Hold’ call on the scrip with a decline of 6% in our Dec-19 based target price of PKR 94/share. Though reduced depreciation will lift accounting earnings upwards, it will have a negative impact on valuation. However, this will allow the scrip to trade at an improved P/E.
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Online aharoon

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Re: DGKC -- DG Khan Cement Company
« Reply #2350 on: March 17, 2019, 07:08:51 PM »
Dgkc main abhi bhi kafi houses ke buying positions phasi hue Hain..
Issay bhi sell on strength karna chaheay :skeptic:


good idea as mansha in trouble :fingerscrossed1:
DGKC Mai aik house nay apni more than 700000 shares ke buying position Friday SELL Kari... :ohmy: :ohmy:
DGKC Mai bara LAFRA chal Raha hai  :bigeyed: :bigeyed:
Our strategy would be remained SELL ON STRENGHT :shoaby: :shoaby: :shoaby: