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The Market ! => Pak Equities => Topic started by: Farzooq on December 14, 2012, 02:06:26 PM

Title: Sugar Sector
Post by: Farzooq on December 14, 2012, 02:06:26 PM
Sugar industry – prospects not that compelling given ground realities but exports offer good avenue
There is a tug of war going on between growers who had forced government in both Punjab and
Sindh province to increase support prices to Rs 170/kg to Rs 172/kg per 40kg wherein ex?mill
prices remain at around Rs 50/kg which means there is minimal margins left for mill owners; thus
making their prospects not that compelling at this point. However, we see better fundamentals in
JDWS, MRNS, HABSM, MIRKS and improvement in NONS (see earnings matrix on the following page).
Only trigger in the industry is the allowing of exports for which sugar players would jostle.

Sugar industry dynamics: much the same as it was decade ago
Sugar cane is one of the vital cash crops in Pakistan and second largest agro?based industry in Pakistan.
Pakistan is overall a fifth largest producer of sucrose. At present, the total mill production from Pakistan is
close to 3.1mn tons (output of 81sugar mills) wherein 2.6mn tons is sold out (showing 40% growth from last
year). As per newspaper reports, the Economic Coordination Committee (ECC) has allowed sugar mill owners
to export sugar (previously the quota was allocated at around which is now been converted into unlimited
exports). It further states that TCP has been asked to create a buffer of 0.5mn tons of sugar for the smooth
local consumption and supply populace in order to avert FY11 like crisis situation where prices of sugar
reached to unimaginable proportions wherein Supreme Court intervened; that was the time when sugar mills
made windfall profits.

In all sugar cane is an important crop which yields not only sucrose but in the same process (on the conveyer)
also produces higher margin products such as industrial alcohol for pharmaceutical companies (mostly
exported to European destinations such as Germany), ethanol as fuel and waste such as bagasse which is sold
out to local paper mills.

Sugar production emanates from all the provinces (mostly from Punjab and Sindh). However, most recovery
(crushing rate) comes from Punjab based mills i.e. more than 11%. But Pakistan’s average recovery rate is
stated to be 9.4%. Hence it is a kind of benchmark that the company having better recovery rate has the
highest proportion of margins.

Sugar cane support prices vis?à?vis sugar prices; mill owners would suffer in FY13
There is a concept of support prices both in Punjab and Sindh province. For instance, in FY10 Govt. of Punjab
had fixed price of Rs 100/kg over a 40kg bag. However in FY12, the support prices have increased to Rs 150 –
154/kg over a 40kg bag (latest reported as per 9 month accounts reported). As of November 2012, as per press
reports, Sindh Agriculture Department has rejected any possibility of reduction in official fixed price of Rs
172/kg per 40kg of sugar cane despite severe confrontation from mill owners. Same thing happens in Punjab.

Only last week, sugar production has started in Pakistan. As for the wholesale sugar price, it is ranging around
Rs 50/kg. As per industry people, the real cost of producing sugar (bearing in mind Rs 170/kg per 40kg sugar
cane price) is Rs 65/kg but it’s being available at Rs 50 – 51/kg (the prices could go as high as Rs 54/kg). But this
whole situation does not sound compelling for sugar companies in current financial year.
This means that government owing to political expediencies such as general elections would like to keep
growers happy by increasing support prices of sugar cane wherein sugar mill owners wouldn’t be able to
pass on the sugar prices to general public in early part of the 2013. Later on there is a likelihood that prices
of sugar could increase at the whims of sugar mills. Hence sugar outlook looks murky.
Molasses sales increased from Pakistan
In FY11, nearly 2mn tons of molasses was produced (mostly exported) as against 1.5mn tons in FY10. Till
9MFY12, we have seen increasing trend of molasses exports in major companies (also depicting good margins
since distillery prices hiked globally), however, now these prices have shown a decreasing trend. Molasses and
ethanol offers greater margins over sucrose yet constitute minimal part of segment wise sales.

(http://i229.photobucket.com/albums/ee214/farzooq/sugar.jpg)

Valuation: JDWS, MRNS, HABSM, MIRKS are better players; NONS has shown improvement
JDW Sugar is always been considered best company in terms of efficiencies (crushing recovery)
and progressive management; however, we signal a cautious stance given a situation where
companies may face tough months before elections. Among emerging players, NONS looks
attractive (offers greater free float of over 10mn shares).

scstarde
Title: Re: Sugar Sector
Post by: SBM on December 14, 2012, 02:19:28 PM
thanks for creating a separate section for sugar, was thinking of doing the same myself for a few days now ...

there are some inaccuracies in the above report
1) Mirks also own part of unicol along with FRSM and MRNS
2)Sugar Indsutry Dynamics are nothing like they were 10 years ago, in the more progressive mills like mirks,aabs jdw etc, by-products are now the major cash earners... mills are lucky if they earn anything on sugar itself.
frsm is also a good pick with a clean balancesheet, not much if any long term debt..
Title: Re: Sugar Sector
Post by: SBM on December 14, 2012, 02:27:18 PM

Sugar tumbles on big Brazilian harvest
By Emiko Terazono
Sugar prices fell to their lowest in more than two years as confirmation of a large Brazilian crop pushed the market below a key technical level.
The benchmark ICE raw sugar fell below 18.66 cents a pound, regarded as a technical support level which had held for the past three months. It was trading at 18.42 cents per pound, the lowest since August 2010 and down 4.2 per cent from the start of the week.



“This is the week that the sugar market has come out of denial,” said Jonathan Kingsman of the Swiss sugar consultancy Kingsman.
For the past few months, investors have held record levels of net bearish positions in sugar due to the large forecast supplies from Brazil, the world’s largest exporter. However, the market had been supported by prospects that the Brazilian government would increase domestic gasoline prices, supporting ethanol usage, as well as the possibility that the rain in the South American country during the middle of the year had led to lower than expected production.
The bears were vindicated as Unica, the Brazilian industry association said the production of sugar at the end of November was 32.9m tonnes, up 6 per cent from a year before. Since most analysts were expecting 30m-33m tonnes for the whole year, the announcement sent sugar prices tumbling.
On fundamental supply and demand news, investors are now focused on the crops in India and Thailand, which are large sugar producers. The prospects for India, which had not seen enough rain at the start of the monsoon season, are expected to be better than initially forecast, although there is uncertainty about the Thai production numbers.

“The latest news out of Thailand is that sugar production is 8.5 per cent behind last year’s pace, but it’s still very early,” said Michael McDougall of brokers Newedge in New York.
On the technical front, traders and brokers remain wary of the large bearish positions on the futures market. A piece of positive news could trigger a rush to cover those positions, prompting a rally.
Another factor that could support the market, albeit temporarily, is the annual reweighting exercise by index funds. Institutional investors rebalance their portfolios in line with the weightings of the indices they track, and poorly performing commodities in 2012 are expected to get a boost from such buying.
This buying is expected to include some 30,000 sugar contracts, but traders said it may already be priced into the market.

http://www.ft.com/intl/cms/s/0/29720c12-4540-11e2-858f-00144feabdc0.html#axzz2F16Hobr2
Title: Re: Sugar Sector
Post by: Just Another Guy on December 14, 2012, 02:41:12 PM
Sugar industry – prospects not that compelling given ground realities but exports offer good avenue
There is a tug of war going on between growers who had forced government in both Punjab and
Sindh province to increase support prices to Rs 170/kg to Rs 172/kg per 40kg wherein ex?mill
prices remain at around Rs 50/kg which means there is minimal margins left for mill owners; thus
making their prospects not that compelling at this point. However, we see better fundamentals in
JDWS, MRNS, HABSM, MIRKS and improvement in NONS (see earnings matrix on the following page).
Only trigger in the industry is the allowing of exports for which sugar players would jostle.

Sugar industry dynamics: much the same as it was decade ago
Sugar cane is one of the vital cash crops in Pakistan and second largest agro?based industry in Pakistan.
Pakistan is overall a fifth largest producer of sucrose. At present, the total mill production from Pakistan is
close to 3.1mn tons (output of 81sugar mills) wherein 2.6mn tons is sold out (showing 40% growth from last
year). As per newspaper reports, the Economic Coordination Committee (ECC) has allowed sugar mill owners
to export sugar (previously the quota was allocated at around which is now been converted into unlimited
exports). It further states that TCP has been asked to create a buffer of 0.5mn tons of sugar for the smooth
local consumption and supply populace in order to avert FY11 like crisis situation where prices of sugar
reached to unimaginable proportions wherein Supreme Court intervened; that was the time when sugar mills
made windfall profits.

In all sugar cane is an important crop which yields not only sucrose but in the same process (on the conveyer)
also produces higher margin products such as industrial alcohol for pharmaceutical companies (mostly
exported to European destinations such as Germany), ethanol as fuel and waste such as bagasse which is sold
out to local paper mills.

Sugar production emanates from all the provinces (mostly from Punjab and Sindh). However, most recovery
(crushing rate) comes from Punjab based mills i.e. more than 11%. But Pakistan’s average recovery rate is
stated to be 9.4%. Hence it is a kind of benchmark that the company having better recovery rate has the
highest proportion of margins.

Sugar cane support prices vis?à?vis sugar prices; mill owners would suffer in FY13
There is a concept of support prices both in Punjab and Sindh province. For instance, in FY10 Govt. of Punjab
had fixed price of Rs 100/kg over a 40kg bag. However in FY12, the support prices have increased to Rs 150 –
154/kg over a 40kg bag (latest reported as per 9 month accounts reported). As of November 2012, as per press
reports, Sindh Agriculture Department has rejected any possibility of reduction in official fixed price of Rs
172/kg per 40kg of sugar cane despite severe confrontation from mill owners. Same thing happens in Punjab.

Only last week, sugar production has started in Pakistan. As for the wholesale sugar price, it is ranging around
Rs 50/kg. As per industry people, the real cost of producing sugar (bearing in mind Rs 170/kg per 40kg sugar
cane price) is Rs 65/kg but it’s being available at Rs 50 – 51/kg (the prices could go as high as Rs 54/kg). But this
whole situation does not sound compelling for sugar companies in current financial year.
This means that government owing to political expediencies such as general elections would like to keep
growers happy by increasing support prices of sugar cane wherein sugar mill owners wouldn’t be able to
pass on the sugar prices to general public in early part of the 2013. Later on there is a likelihood that prices
of sugar could increase at the whims of sugar mills. Hence sugar outlook looks murky.
Molasses sales increased from Pakistan
In FY11, nearly 2mn tons of molasses was produced (mostly exported) as against 1.5mn tons in FY10. Till
9MFY12, we have seen increasing trend of molasses exports in major companies (also depicting good margins
since distillery prices hiked globally), however, now these prices have shown a decreasing trend. Molasses and
ethanol offers greater margins over sucrose yet constitute minimal part of segment wise sales.

(http://i229.photobucket.com/albums/ee214/farzooq/sugar.jpg)

Valuation: JDWS, MRNS, HABSM, MIRKS are better players; NONS has shown improvement
JDW Sugar is always been considered best company in terms of efficiencies (crushing recovery)
and progressive management; however, we signal a cautious stance given a situation where
companies may face tough months before elections. Among emerging players, NONS looks
attractive (offers greater free float of over 10mn shares).

scstarde

Thank you for an exclusive thread for sugar. But zara pehlay post kar daitay to 1 ghanta bach jaata research ka  :$:

I agree with most parts of the report.

My top plays in the sector are MRNS, MIRKS and FRSM for the following reasons:

1) Consistency in profits over last 5-years.
2) Low P/E ratio as compared to other industry peers.
3) Above average recovery rates
4) All these 3 companies combined together hold equal shares in UNICOL which is EXPORTING ALL its produce mainly to European markets and with depreciating currency they would all benefit. Already their profits from associate has doubled as compared to last year.
Title: Re: Sugar Sector
Post by: SBM on December 14, 2012, 03:05:11 PM
unicol is doubling capacity. it will come online 0ct-13. for some f%^&*ed up reason the companies have not mentioned it in their reports. but its common knowledge otherwise.
Title: Re: Sugar Sector
Post by: SBM on December 14, 2012, 03:52:04 PM
mirks just posted a horrible result.  huhu
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=039540&pagesize=1&pageno=2

no cash, made loss in q4
15 % bonus
floored within minutes ..
Title: Re: Sugar Sector
Post by: GlobalInvestor on December 14, 2012, 03:58:19 PM
HABSM stands SOLID to Stay with Targeting 30+
Title: Re: Sugar Sector
Post by: Just Another Guy on December 14, 2012, 04:08:19 PM
mirks just posted a horrible result.  huhu
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=039540&pagesize=1&pageno=2

no cash, made loss in q4
15 % bonus
floored within minutes ..

Damn! I was on a phone call and it was all fine and when I returned to the screen after few minutes it was downlocked.  huhu


They are fond of giving bonus shares every damn year!  :@

As for the loss I guess last year bhe last quarter main they posted a loss if I am not mistaken?
Title: Re: Sugar Sector
Post by: Just Another Guy on December 14, 2012, 04:13:41 PM
mirks just posted a horrible result.  huhu
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=039540&pagesize=1&pageno=2

no cash, made loss in q4
15 % bonus
floored within minutes ..

Damn! I was on a phone call and it was all fine and when I returned to the screen after few minutes it was downlocked.  huhu


They are fond of giving bonus shares every damn year!  :@

As for the loss I guess last year bhe last quarter main they posted a loss if I am not mistaken?

Yea Last year they posted a loss of around Rs 6 and this year the loss was negligible but was enough to hurt the sentiments  :crying_anim02:
Title: Re: Sugar Sector
Post by: SBM on December 14, 2012, 04:20:29 PM
kia idiotic harkat ki hai ..  :o

they have dumped most of the stock they held till q3 at a gross loss. that means they wont be able to benefit much from the relaxation in exports.

 :@
Title: Re: Sugar Sector
Post by: Just Another Guy on December 14, 2012, 04:49:43 PM
Had it not been the gain they had on UNICOL, they would have posted a loss on their milling business! Gain from UNICOL rose by around 400% covering the loss on their milling business and earning a positive net income for them!

And they should disclose the extension to UNICOL if they really intend to do it, otherwise, wouldn't that be violation of rules? Non disclosure that is?

Title: Re: Sugar Sector
Post by: M&M on December 15, 2012, 12:30:52 PM
(http://www.finviz.com/fut_chart.ashx?t=SB&p=d1&s=m)
Title: Re: Sugar Sector
Post by: GlobalInvestor on December 17, 2012, 10:57:14 AM
Dear Friends --- any update from PK --- the SUGAR scrips -tive against the Trend of Dec ????
Title: Re: Sugar Sector
Post by: SBM on December 17, 2012, 11:03:31 AM
Had it not been the gain they had on UNICOL, they would have posted a loss on their milling business! Gain from UNICOL rose by around 400% covering the loss on their milling business and earning a positive net income for them!

And they should disclose the extension to UNICOL if they really intend to do it, otherwise, wouldn't that be violation of rules? Non disclosure that is?

i dont think so .. they are not expanding, their non-listed associate company is expanding. I am sure full year accounts keh saath they will mention associate is expanding.
it seems stuck with this stock for a bit. lets c.
Title: Re: Sugar Sector
Post by: Just Another Guy on December 17, 2012, 04:43:30 PM
AOA. Right you are brother. I missed that point of UNICOL being an associate.

It did give chance to offload today but I was busy with work in the morning so could not sell. Anyways now its not appropriate to sell at this level and since the position was very small, I would rather keep it and MIGHT average it around 40.

Regards.
Title: Re: Sugar Sector
Post by: Ali on December 17, 2012, 05:21:30 PM
at which price u have purchased?
Title: Re: Sugar Sector
Post by: mra901 on December 18, 2012, 08:41:43 PM
http://dawn.com/2012/12/18/pakistan-allows-sugar-exports-of-500000-tonnes/
Title: Re: Sugar Sector
Post by: SBM on December 21, 2012, 09:59:13 AM
 :biggthumpup:

http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=039608&pagesize=1&pageno=2

aabs 28 eps. 4 dps .  still no shares traded :D

though ethanol is now trading at 6 month lows or something, with very high inventories.
outlook turning dreary   :skeptic:

Title: Re: Sugar Sector
Post by: SBM on December 26, 2012, 12:39:14 PM
mirza sugar
eps 8.43
gross margins negative
+ve eps only because of otherincome (which looks one off )

If speaker of national assembly cannot get good rates for her sugar, who can ?  :skeptic:
Title: Re: Sugar Sector
Post by: GlobalInvestor on December 26, 2012, 12:42:10 PM
mirza sugar
eps 8.43
gross margins negative
+ve eps only because of otherincome (which looks one off )

If speaker of national assembly cannot get good rates for her sugar, who can ?  :skeptic:

"Corporate Governance"
Title: Re: Sugar Sector
Post by: SBM on December 26, 2012, 04:07:42 PM
mirza sugar
eps 8.43
gross margins negative
+ve eps only because of otherincome (which looks one off )

If speaker of national assembly cannot get good rates for her sugar, who can ?  :skeptic:

"Corporate Governance"

sorry ? i didnt quite get what  you mean ..
Title: Re: Sugar Sector
Post by: SBM on January 02, 2013, 03:35:21 PM
http://www.brecorder.com/top-news/1-front-top-news/98739-sugar-procurement-for-tajikistan-export-tcp-seeks-commerce-ministrys-guidelines-.html
Title: Re: Sugar Sector
Post by: Hamid Dharki on January 03, 2013, 01:18:44 AM
I wont touch sugar shares even with a ten feet rod.
Title: Re: Sugar Sector
Post by: SBM on January 03, 2013, 06:51:39 AM
I wont touch sugar shares even with a ten feet rod.

Why?
Title: Re: Sugar Sector
Post by: SBM on January 08, 2013, 11:22:17 PM
 TCP has issued a tender for procurement of 330,000 tons of sugar from local mills and requires billions of rupees for sugar procurement operation. The delay in payments from NFML, USC and other government institutions may hurt the sugar procurement process.

http://www.brecorder.com/agriculture-a-allied/183:pakistan/1141001:nfml-accused-of-causing-delay-in-urea-payments/?date=2013-01-08
Title: Re: Sugar Sector
Post by: Hamid Dharki on January 09, 2013, 01:00:16 AM
look at sugar price and then have a look at sugar cane price. Millers are not making money at these prices.
Title: Re: Sugar Sector
Post by: SBM on January 09, 2013, 10:18:28 AM
look at sugar price and then have a look at sugar cane price. Millers are not making money at these prices.

true for almost all the mills. But not all. But market treating all of them (apart from jdw) as crap, which is where you will get your bargains..
Title: Re: Sugar Sector
Post by: SBM on January 09, 2013, 10:23:49 AM
Major incentive to millers: FED on sugar slashed to 0.5 percent

January 09, 2013 SOHAIL SARFRAZ 0 Comments
 The government has decided to give tax incentives on the export of sugar by drastically reducing Federal Excise Duty (FED) from 8 percent to 0.5 percent on local sale of sugar equivalent to quantity actually exported by the sugar mills as per assigned export quota.

Official sources told Business Recorder here on Tuesday that the Ministry of Finance has agreed with the proposal of the Federal Board of Revenue (FBR) to reduce the rate of the FED on the commodity from 8 percent to 0.5 percent taking into account the export quota of the mills. The 7.5 percent reduction in the FED would provide a major incentive to millers to maximise export of sugar. The concession would only be available to the mills engaged in export of sugar as per specified quota.

In order to boost export revenues, the FBR intends to incentivise export of sugar by providing a reduced rate of FED leviable on local supply of sugar @ 0.5 percent instead of a rate of 8 percent leviable on production and supply of sugar. The reduced rate of duty shall only be applicable on the quantity of local sale of sugar equivalent to the quantity actually exported by the sugar manufacturers in accordance with the export quota allotted and shall be available on submission of proof of such export. The balance local supply shall continue to be subject to Federal Excise Duty @ 8 percent.

Details revealed that Principal Secretary to the Prime Minister has forwarded a copy of letter received from Chairman Pakistan Sugar Mills Association (PSMA) to the Prime Minister. The PSMA has requested the Prime Minister to take the following steps to help sugar mills maintain liquidity besides enabling them to make payments to cane growers:

Firstly, allow the sugar mills to export a total of 1.2 million tons of sugar. This will bring in invaluable foreign exchange upto $600 million. Secondly, the government should direct Trading Corporation of Pakistan (TCP) to purchase 0.5 million tons of sugar to maintain its strategic reserve, which will be in accordance with the Cabinet decision.

Thirdly, the government should allow sugar mills a rebate of Rs 5-6/per kg in order to be competitive in the international market, as this will allow them to off load the surplus sugar. A similar incentive was given to the cement industry. The impact of the rebate would be about Rs 5 billion.

Sources said that the Economic Co-ordination Committee of the Cabinet (ECC) in its meeting on November 22, 2012 on a summary moved by the Ministry of Commerce on "Export of 200,000 MT of Sugar in Addition to 200,000 MT allowed Export vide ECC decision in Case No 126/13/2012, dated October 3, 2012" in case No ECC-141/15/2012 decided to allow the export of sugar by the sugar mills in view of the abundance of available sugar stocks. The PSMA has agitated that in view of the low prices of sugar in the international market sugar mills may be provided rebate in some form by the FBR enabling them to compete in the international market. The contention of the PSMA is strengthened by the minutes of the meeting of the Committee constituted by the ECC of the Cabinet comprising Special Assistant to Prime Minister on Agriculture (Convenor) and Secretaries of Ministries of Commerce and Industries. The committee observed as under:

"Sugar is an internationally traded commodity and it is imperative to take prompt action in response to international Demand, Supply and Prices. As a point of reference, in September, 2012 sugar prices peaked upto US $800 per MT and had we exported 1.2 million tons at that price, Pakistan would have earned a billion dollar as a bonus. Today the prices are hovering around US $520 per MT and appear to slide further as crushing season 2012 has begun in the northern Hemisphere (Southern part of Pakistan)," the committee added.

In order to generate additional revenue, the FBR intends to incentivise export of sugar by providing a reduced rate of Federal Excise Duty leviable on local supply of sugar @ 0.5 percent instead of a rate of 8 percent leviable on production and supply of sugar. The reduced rate of duty shall only be applicable on the quantity of local sale of sugar equivalent to the quantity actually exported by the sugar manufacturers in accordance with the export quota allotted and shall be available on submission of proof of such export. The balance local supply shall continue to be subject to Federal Excise Duty @ 8 percent, sources added.

http://www.brecorder.com/taxation/181:pakistan/1141119:major-incentive-to-millers:-fed-on-sugar-slashed-to-05-percent/
Title: Re: Sugar Sector
Post by: SBM on January 11, 2013, 11:06:21 AM
Had it not been the gain they had on UNICOL, they would have posted a loss on their milling business! Gain from UNICOL rose by around 400% covering the loss on their milling business and earning a positive net income for them!

And they should disclose the extension to UNICOL if they really intend to do it, otherwise, wouldn't that be violation of rules? Non disclosure that is?

page 24, doubling of capacity of unicol is mentioned
http://www.gfg.com.pk/Mirpurkhas/2012_annual_report.pdf
Title: Re: Sugar Sector
Post by: SBM on January 18, 2013, 10:13:08 AM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1145044:government-approves-rs-eight-billion-package-for-sugar-millers/?date=2013-01-18

http://www.brecorder.com/agriculture-a-allied/183:pakistan/1145072:tajikistan-to-import-30000-tons-of-crystal-sugar/?date=2013-01-18


http://www.brecorder.com/agriculture-a-allied/183:pakistan/1145174:tcp-completes-procurement-of-sugar/?date=2013-01-18
Title: Re: Sugar Sector
Post by: GlobalInvestor on January 18, 2013, 01:14:32 PM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1145044:government-approves-rs-eight-billion-package-for-sugar-millers/?date=2013-01-18

http://www.brecorder.com/agriculture-a-allied/183:pakistan/1145072:tajikistan-to-import-30000-tons-of-crystal-sugar/?date=2013-01-18


http://www.brecorder.com/agriculture-a-allied/183:pakistan/1145174:tcp-completes-procurement-of-sugar/?date=2013-01-18

We expect RALLY in HABSM >>>> towards 40's >>>>>>> Good Luck
Title: Re: Sugar Sector
Post by: SBM on January 23, 2013, 09:53:19 AM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1146520:tcp-seeks-rs-58-billion-for-payment-to-sugar-mills/?date=2013-01-23
Title: Re: Sugar Sector
Post by: SBM on January 27, 2013, 04:04:30 PM
http://www.brecorder.com/fuel-a-energy/193:pakistan/1147498:take-and-pay-basis-nepra-approves-rs-515-per-unit-tariff-for-sugar-industry/?date=2013-01-27
Title: Re: Sugar Sector
Post by: SBM on January 27, 2013, 04:12:10 PM
Raizen SA, Royal Dutch Shell Plc (RDSA)’s sugar venture with Cosan SA Industria & Comercio, is among producers set to profit from funneling more of a record cane crop into ethanol as a government measure bolsters demand.

Mills in the Center South, the world’s largest sugar producing region, are likely to turn as much as 54 percent of their cane into ethanol in the season starting April 1, the most in three years, said Antonio de Padua Rodrigues, a director at industry association Unica. Brazil [...]

Read the full story at http://www.bloomberg.com/news/2013-01-24/ethanol-mix-gives-soros-to-shell-mills-a-boost.html

Record U.S. sugar output is creating the biggest domestic glut in a decade, reducing costs for Hershey Co. and making it more likely the government will need to stockpile supply to support farmers.

Production will jump 6.9 percent to 9.07 million short tons (8.23 million metric tons) in the year ending Sept. 30, the U.S. Department of Agriculture said Jan. 17. Stockpiles are forecast at 2.2 million short tons, the most since 2000. Domestic prices will drop 7.7 percent by October to 20 cents a  [...]

Read the full story at http://www.bloomberg.com/news/2013-01-24/sugar-rush-leaves-u-s-with-biggest-glut-in-decade-commodities.html

Sugar mills in India, the biggest producer after Brazil, are set to lose about 60 billion rupees ($1.1 billion) this year as record cane prices and surging imports prompt them to sell below production cost.

Factories in Uttar Pradesh and Maharashtra states, accounting for 65 percent of the nation’s output, are selling sugar at least 11 percent below cost, Abinash Verma, director general of the Indian Sugar Mills Association, said in a phone interview. Producers may report financial losses if a [...]

Read the full story at http://www.bloomberg.com/news/2013-01-23/sugar-mills-to-lose-1-1-billion-on-record-cane-corporate-india.html
Title: Re: Sugar Sector
Post by: sanwar on January 27, 2013, 09:11:01 PM
Raizen SA, Royal Dutch Shell Plc (RDSA)’s sugar venture with Cosan SA Industria & Comercio, is among producers set to profit from funneling more of a record cane crop into ethanol as a government measure bolsters demand.

Mills in the Center South, the world’s largest sugar producing region, are likely to turn as much as 54 percent of their cane into ethanol in the season starting April 1, the most in three years, said Antonio de Padua Rodrigues, a director at industry association Unica. Brazil [...]

Read the full story at http://www.bloomberg.com/news/2013-01-24/ethanol-mix-gives-soros-to-shell-mills-a-boost.html

Record U.S. sugar output is creating the biggest domestic glut in a decade, reducing costs for Hershey Co. and making it more likely the government will need to stockpile supply to support farmers.

Production will jump 6.9 percent to 9.07 million short tons (8.23 million metric tons) in the year ending Sept. 30, the U.S. Department of Agriculture said Jan. 17. Stockpiles are forecast at 2.2 million short tons, the most since 2000. Domestic prices will drop 7.7 percent by October to 20 cents a  [...]

Read the full story at http://www.bloomberg.com/news/2013-01-24/sugar-rush-leaves-u-s-with-biggest-glut-in-decade-commodities.html

Sugar mills in India, the biggest producer after Brazil, are set to lose about 60 billion rupees ($1.1 billion) this year as record cane prices and surging imports prompt them to sell below production cost.

Factories in Uttar Pradesh and Maharashtra states, accounting for 65 percent of the nation’s output, are selling sugar at least 11 percent below cost, Abinash Verma, director general of the Indian Sugar Mills Association, said in a phone interview. Producers may report financial losses if a [...]

Read the full story at http://www.bloomberg.com/news/2013-01-23/sugar-mills-to-lose-1-1-billion-on-record-cane-corporate-india.html

@Ouulman bhai, do you suggest that reducing sugar scrips will be wise at the moment...?
Title: Re: Sugar Sector
Post by: SBM on January 28, 2013, 11:03:44 AM
depends which sugar scrip you have ..
Title: Re: Sugar Sector
Post by: sanwar on January 28, 2013, 11:12:49 AM
depends which sugar scrip you have ..
@Ouulman bhai, I have NONS and HABSM... your advice will be valuable for me...
Title: Re: Sugar Sector
Post by: tariqmbahrm on January 28, 2013, 11:15:35 AM
ouulman bhai. i have also HABSM  :skeptic:plz advise HABSM
Title: Re: Sugar Sector
Post by: SBM on February 02, 2013, 02:42:22 PM
http://epaper.dawn.com/DetailNews.php?StoryText=02_02_2013_009_008
Title: Re: Sugar Sector
Post by: sanwar on February 02, 2013, 04:36:50 PM
http://epaper.dawn.com/DetailNews.php?StoryText=02_02_2013_009_008

Mean increase in production cost... bad for sugar scripts... right??
Title: Re: Sugar Sector
Post by: Atif1 on February 04, 2013, 11:10:21 AM
From The News Desk - AKD
 
  Sugarcane rates jumped to Rs205 per 40kgs against the official purchase price of Rs172
February 4, 2013 10:26
 
Sugarcane rates jumped to Rs205 per 40kgs against the official purchase price of Rs172 due to short supply of raw material to mills in lower Sindh.
Title: Re: Sugar Sector
Post by: SBM on February 04, 2013, 11:16:28 AM
http://epaper.dawn.com/DetailNews.php?StoryText=02_02_2013_009_008

Mean increase in production cost... bad for sugar scripts... right??

yes, but cane rates are different in different regions. The more progressive mills also have their own cultivation areas or are involved with farming communities in their surrounding area. That should help them keep costs on the lower side.
Title: Re: Sugar Sector
Post by: YMF on February 05, 2013, 07:51:43 PM
Have a look at shahmurad sugar... Target price PKR 30/share
http://kseinvesting.blogspot.com/2013/01/value-investing.html
Title: Re: Sugar Sector
Post by: M&M on February 11, 2013, 11:11:45 AM
According to TCP sources, of 71 sugar mills, so far sampling of sugar and bags from 47 mills has completed and sent for appropriate testing. Of the 47 mills, survey and testing reports of 15 mills had been received and accordingly TCP had made physical payments of Rs3.393 billion to 11 mills.

Payment to four more mills is under process and they are likely to get payments on Monday or Tuesday, sources said. Huda Sugar Mills and Kamalia Sugar Mill were lowest bidders, selling 10,000 tons each of sugar. These mills got Rs1.05 billion against the supply of 20,000 tons of sugar.

Cumulatively, Rs2.33 billion has been disbursed among nine other mills, including Sanghar Sugar Mill, Ranipur Sugar Mill, Macca Sugar Mill, Haq Bahoo Sugar Mill, Fecto Sugar Mill, Abdullah Shah Ghazi Sugar Mill, Dewan Sugar Mill, Shah Murad Sugar Mill and Sind Abadgar Sugar Mill. Each mill supplied 4,920 tons of sugar and received an amount of Rs259.776 million.

http://www.brecorder.com/top-stories/0:/1152704:tcp-pays-rs-33-billion-to-11-sugar-mills/?date=2013-02-11
Title: Re: Sugar Sector
Post by: Salammembers on February 11, 2013, 11:44:40 AM
tu phir laoo maal dwsm for 6-9 months investment
and atleast 20% capital gain,
not for jaldbaaz or weak hearts,
Q1 lps over Rs 4
i am` in `
Title: Re: Sugar Sector
Post by: Salammembers on February 14, 2013, 01:30:09 PM
tu phir laoo maal dwsm for 6-9 months investment
and atleast 20% capital gain,
not for jaldbaaz or weak hearts,
Q1 lps over Rs 4
i am` in `

hoo sakaay tu only sell 50% and put rest in locker for your Grandchildren
or as holiday money investment
Title: Re: Sugar Sector
Post by: Salammembers on March 06, 2013, 03:39:24 PM
tu phir laoo maal dwsm for 6-9 months investment
and atleast 20% capital gain,
not for jaldbaaz or weak hearts,
Q1 lps over Rs 4
i am` in `

hoo sakaay tu only sell 50% and put rest in locker for your Grandchildren
or as holiday money investment
      bought some more today with munafa money for 12 months investment; downside ltd to 40-50 paisa but upside probably more than 50% but only if u r willing to wait for upto 2 yrs with no expectation.i dont think its high high risk below 2.80 but civil war hoi tu 100% write off :bigeyed:
Title: Re: Sugar Sector
Post by: guru1 on March 06, 2013, 03:55:39 PM
Brothers! what is impact inernational price of sugar on Pakistani companies. Is local price of sugar linked with international price?
Title: Re: Sugar Sector
Post by: SBM on March 07, 2013, 10:16:29 AM
http://www.ft.com/cms/s/0/a13459da-867c-11e2-b907-00144feabdc0.html#axzz2MpO19hFI
Title: Re: Sugar Sector
Post by: SBM on March 25, 2013, 10:50:32 AM
sugar industry is in crap situation these days ..
The price of input, sugarcane , is set by the provincial governemnt
its increased by 10-15% every year.
prices of out put, refined white sugar, is falling because global glut of sugar production

only sugar companies with ethanol operations are making money
these are
HABSM
AABS
MIRKS (owned via  subsidiary JV w/ mirks, mrns, frns)
FRNS  (owned via  subsidiary JV w/ mirks, mrns, frns)
Mrns (owned via  subsidiary JV w/ mirks, mrns, frns)
shsml
SGML

habsm for some reason (maybe pricing of bagesse from sugar to ethanol dividsion is done at a higher rate) makes a lot less money in its ethanol division than others.

Title: Re: Sugar Sector
Post by: Salammembers on March 25, 2013, 11:15:05 AM
Ouulmam bro,
thanks for sharing
Title: Re: Sugar Sector
Post by: Salammembers on March 26, 2013, 11:18:24 AM
sugar industry is in crap situation these days ..
The price of input, sugarcane , is set by the provincial governemnt
its increased by 10-15% every year.
prices of out put, refined white sugar, is falling because global glut of sugar production

only sugar companies with ethanol operations are making money
these are
HABSM
AABS
MIRKS (owned via  subsidiary JV w/ mirks, mrns, frns)
FRNS  (owned via  subsidiary JV w/ mirks, mrns, frns)
Mrns (owned via  subsidiary JV w/ mirks, mrns, frns)
shsml
SGML

habsm for some reason (maybe pricing of bagesse from sugar to ethanol dividsion is done at a higher rate) makes a lot less money in its ethanol division than others.

i will continue to ignore `bad news`and keep buying dwsm below 2.80 for short and medium term gains
Title: Re: Sugar Sector
Post by: M&M on March 26, 2013, 07:52:23 PM
US agriculture dept says Pakistan sugar policy may dent local supply
http://www.geo.tv/GeoDetail.aspx?ID=93926
Title: Re: Sugar Sector
Post by: Salammembers on March 28, 2013, 12:46:52 PM
tu phir laoo maal dwsm for 6-9 months investment
and atleast 20% capital gain,
not for jaldbaaz or weak hearts,
Q1 lps over Rs 4
i am` in `

hoo sakaay tu only sell 50% and put rest in locker for your Grandchildren
or as holiday money investment
      bought some more today with munafa money for 12 months investment; downside ltd to 40-50 paisa but upside probably more than 50% but only if u r willing to wait for upto 2 yrs with no expectation.i dont think its highrisk below 2.80 but civil war hoi tu 100% write off :bigeyed:

suddenly reasonably big buying orders seen in dwsm this week,
sound support at 3 but 3.50 totaay tu koi baat banaay Gee,
probably, too late for fainthearts  entry
Title: Re: Sugar Sector
Post by: Salammembers on April 24, 2013, 10:23:38 PM
tu phir laoo maal dwsm for 6-9 months investment
and atleast 20% capital gain,
not for jaldbaaz or weak hearts,
Q1 lps over Rs 4
i am` in `

hoo sakaay tu only sell 50% and put rest in locker for your Grandchildren
or as holiday money investment
      bought some more today with munafa money for 12 months investment; downside ltd to 40-50 paisa but upside probably more than 50% but only if u r willing to wait for upto 2 yrs with no expectation.i dont think its highrisk below 2.80 but civil war hoi tu 100% write off :bigeyed:

suddenly reasonably big buying orders seen in dwsm this week,
sound support at 3 but 3.50 totaay tu koi baat banaay Gee,
probably, too late for fainthearts  entry

insider giving positive news ,now unlikely 2 trade below 3 but millay
tu consider buying 10-2000 at your own risk
Title: Re: Sugar Sector
Post by: Salammembers on April 25, 2013, 08:59:52 PM
tu phir laoo maal dwsm for 6-9 months investment
and atleast 20% capital gain,
not for jaldbaaz or weak hearts,
Q1 lps over Rs 4
i am` in `

hoo sakaay tu only sell 50% and put rest in locker for your Grandchildren
or as holiday money investment
      bought some more today with munafa money for 12 months investment; downside ltd to 40-50 paisa but upside probably more than 50% but only if u r willing to wait for upto 2 yrs with no expectation.i dont think its highrisk below 2.80 but civil war hoi tu 100% write off :bigeyed:

suddenly reasonably big buying orders seen in dwsm this week,
sound support at 3 but 3.50 totaay tu koi baat banaay Gee,
probably, too late for fainthearts  entry

insider giving positive news ,now unlikely 2 trade below 3 but millay
tu consider buying 10-2000 at your own risk        chaal para / nikal gia :rtfm:
Title: Re: Sugar Sector
Post by: SBM on May 19, 2013, 05:44:53 AM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1187197:budget-2013-14-fbr-proposes-16-percent-gst-on-sugar/?date=2013-05-19
Title: Re: Sugar Sector
Post by: sanwar on May 19, 2013, 10:02:11 AM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1187197:budget-2013-14-fbr-proposes-16-percent-gst-on-sugar/?date=2013-05-19
Will it have any impact on NONS...??
Title: Re: Sugar Sector
Post by: SBM on May 21, 2013, 09:55:40 AM
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=044358&pagesize=1&pageno=2

dance 7.33 eps for the year
major contribution coming ethanol operations

Title: Re: Sugar Sector
Post by: SBM on May 22, 2013, 08:08:52 AM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1187197:budget-2013-14-fbr-proposes-16-percent-gst-on-sugar/?date=2013-05-19

http://www.brecorder.com/agriculture-a-allied/183:pakistan/1187984:16-percent-gst-on-sugar-to-be-levied-through-presidential-ordinance/?date=2013-05-22
Title: Re: Sugar Sector
Post by: SBM on May 28, 2013, 05:25:56 PM
Bloomberg News, sent from my Android phone The two-year surge in the premium that refined sugar commands over the raw sweetener is reversing as Thailand and Mexico add record shipments to supplies that are already greater than global consumption. Brazil, the top exporter, is boosting output to a record, overseas sales of white sugar from No. 2 shipper Thailand will rise 11 percent and Mexico, ranked fifth, will ship 74 percent more, according to company, industry and government estimates compiled by Bloomberg. The glut means lower cost [...] Read the full story at

http://www.bloomberg.com/news/2013-05-27/refining-sugar-sours-as-premium-shrinks-amid-glut-commodities.html

 Find out more about Bloomberg for Android: http://m.bloomberg.com/android
Title: Re: Sugar Sector
Post by: Salammembers on May 29, 2013, 09:38:35 PM
tu phir laoo maal dwsm for 6-9 months investment
and atleast 20% capital gain,
not for jaldbaaz or weak hearts,
Q1 lps over Rs 4
i am` in `

hoo sakaay tu only sell 50% and put rest in locker for your Grandchildren
or as holiday money investment
      bought some more today with munafa money for 12 months investment; downside ltd to 40-50 paisa but upside probably more than 50% but only if u r willing to wait for upto 2 yrs with no expectation.i dont think its highrisk below 2.80 but civil war hoi tu 100% write off :bigeyed:

suddenly reasonably big buying orders seen in dwsm this week,
sound support at 3 but 3.50 totaay tu koi baat banaay Gee,
probably, too late for fainthearts  entry

insider giving positive news ,now unlikely 2 trade below 3 but millay
tu consider buying 10-2000 at your own risk        chaal para / nikal gia :rtfm:
yeh aab 50% sell karoo Ga :dance :dance :dance
Title: Re: Sugar Sector
Post by: Salammembers on May 30, 2013, 11:17:06 AM
Dwsm exceptional result and with insider confirm news that banks totally  happy with mngt, looks a good buy below 5 though fainthearts  and cautious souls may want 2 wait for another quarter
Title: Re: Sugar Sector
Post by: SBM on June 01, 2013, 07:01:50 PM
Higher sugarcane prices in Jan-Mar 13 suppresses profitability; InvestCap Research
By: M. Irfan Saeed,

Invest Capital Markets Limited
The topline of the sample companies has increased by ~15% YoY to Rs30.82bn during 2Q13 ended March’13 as compared to Rs26.9bn in the corresponding last year. The main reason behind the rise in sales is increasing off-take of the sector. During the said quarter, rise in topline is due to better offtake as most of the sugarcane is crushed during 1Q and sold during 2Q. However, the decline in average sugar prices by ~6% YoY to Rs52.70/kg during 2Q suppresses the topline growth.

A massive surge in the sugarcane purchase price (~16% YoY) paid by sugar mills (Rs174/40kg as compared to Rs150/40kg during last season) is the major reason behind the phenomenal decline in gross profit of the sector. The high sugarcane prices translate into ~23%YoY higher COGS and by further incorporating the lower sugar prices impact, the gross profit has dropped by ~23%. The gross margins of the sector have reduced by 6pps to 12.4% for Jan-Mar 13. Moreover, the distribution cost of the sector has also increased by 186% leading to a further 54% drop in bottom-line YoY.

1HY13 – Review

During 1HY13 the total revenue of the representative universe has declined by ~1% to 56.605bn from Rs57.098bn in same period last year. The other operating income has increased by 54% YoY (from Rs329.7mn to Rs506.8mn) while a rise of 155% YoY (Rs818.2mn from Rs320.9mn) in distribution cost is evident. The gross margin has declined to 9%YoY from 10.9% during 1HY12. The net margin of the sector has dropped to 1.3% during 1HY13 from 2.8% during same period last year.

Outlook – Negative

The profitability of local sugar industry is expected to remain subdued as the sector is facing high input cost in the form of increased sugarcane prices. Moreover, withdrawn of inland subsidy of Rs1.75/kg on export is also discouraging the export of sugar resulting further downward pressure on the bottom-lines. The government had set export target of 1.2mn tons of sugar for the current season. The total sugar export till April end 2013 remained at 0.78mn tons leaving a shortfall of 0.42mn tons. Furthermore, the expected stock of 6mn tons is sufficient to meet the local demand of 4.3mn tons for the current season further reduced the chances of sugar price hike. In the light of above mentioned challenges we remained negative on the sector.
Title: Re: Sugar Sector
Post by: asim.786 on June 03, 2013, 12:06:31 AM
Sugar industries will be facilitate  for power plant installation adjacent to their industries by pmln gSugar industries prices can shoot up. I don't trade in sugar but game on HO sakty ha in MA
Title: Re: Sugar Sector
Post by: SBM on June 12, 2013, 10:26:21 AM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1197842:fbr-examines-new-levy-sugar-industry-to-pay-tax-on-mills-capacity-basis/?date=2013-06-12
Title: Re: Sugar Sector
Post by: SBM on July 06, 2013, 09:52:24 PM
http://www.brecorder.com/top-stories/0:/1207483:dar-refuses-to-allow-tcp-to-procure-03-million-tons-of-sugar/?date=2013-07-06
Title: Re: Sugar Sector
Post by: SBM on July 15, 2013, 07:24:26 AM
http://www.brecorder.com/business-and-economy/189:pakistan/1210856:export-of-molasses-commerce-to-move-ecc-for-withdrawal-of-15-percent-regulatory-duty/?date=2013-07-15

if regulatory duty withrawn, +for sugar mills w/out ethanol operations, -ve with ethanol operations.
Title: Re: Sugar Sector
Post by: Alpha on July 23, 2013, 01:35:53 AM
Dear Ouulman!

I observe u have a keen interest n knowledge about sugar industry,kindly can u tell me with ur experience when is the best time of buying sugar stocks,i.e: when they are near to bottom in a year and when they usualy peak in a year.
I m asking coz of the cyclical nature of their product
Or is their no such crest n trough of such.

Any guidence of urs will be valuebale as this will be my first entry in sugar ever since i started investing.
Title: Re: Sugar Sector
Post by: Alpha on July 24, 2013, 06:51:47 PM


Kindly can anyone tell me  when is the best time of buying sugar stocks,i.e: when they are near to bottom in a year and when they usualy peak in a year.
I m asking coz of the cyclical nature of their product or is their no such crest n trough of such.

Any guidence of  will be valuebale as this will be my first entry in sugar ever since i started investing.
Title: Re: Sugar Sector
Post by: SBM on July 25, 2013, 09:45:45 AM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1214598:tcp-to-take-decision-soon-33-mills-willing-to-supply-143700-tons-of-sugar/?date=2013-07-25
Title: Re: Sugar Sector
Post by: SBM on August 02, 2013, 12:10:56 PM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1214598:tcp-to-take-decision-soon-33-mills-willing-to-supply-143700-tons-of-sugar/?date=2013-07-25
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1217200:tcp-procures-50000-tons-of-sugar-from-34-mills/?date=2013-08-02
Title: Re: Sugar Sector
Post by: umair vohra on August 17, 2013, 03:03:39 PM
wht happened with sugar sector yeh bhag Q raha hai ?
Title: Re: Sugar Sector
Post by: umair vohra on August 19, 2013, 11:41:12 AM
http://www.bloomberg.com/news/2013-08-13/sugar-rises-to-six-week-high-on-brazil-cold-scare-cocoa-falls.html
Title: Re: Sugar Sector
Post by: SBM on September 14, 2013, 02:35:14 PM
http://www.brecorder.com/top-stories/0:/1230890:sugar-mills-to-get-incentives-hitherto-available-to-ipps-draft-cogeneration-policy-readied/?date=2013-09-14
Title: Re: Sugar Sector
Post by: SBM on September 27, 2013, 05:33:34 AM
http://tribune.com.pk/story/609930/sugar-export-millers-enjoy-freight-subsidy-but-at-reduced-rate/
Title: Re: Sugar Sector
Post by: SBM on September 30, 2013, 05:54:16 AM
http://www.thenews.com.pk/article-120135-Global-sugar-surplus-risks-upward-revision-on-Asian-supply
Title: Re: Sugar Sector
Post by: M&M on October 17, 2013, 10:29:32 AM
Sugar prices have been well-supported ever since Unica, Brazil’s sugar industry association, said earlier in the month that sugar output in the country’s center-south region was expected to total 34.2 million metric tons in the 12 months that started April 1, down 3.7% from a previous estimate.

Brazil’s center-south region accounts for nearly 90% of Brazil’s sugarcane output.

The South American county is the world’s largest sugar producer and exporter, with the USDA estimating the nation accounts for nearly 20% of global production and 39% of global sugar exports.

http://bit.ly/1gMQNDD
Title: Re: Sugar Sector
Post by: MZ on October 21, 2013, 10:19:08 PM
Sweet-and-sour: Measures to avoid the sugar crisis (http://tribune.com.pk/story/620042/sweet-and-sour-measures-to-avoid-the-sugar-crisis/)
Title: Re: Sugar Sector
Post by: SBM on November 01, 2013, 07:33:03 PM
sort of good news
cane price in sindh just raised by 8 rs to 180 rupees for this season

http://epaper.dawn.com/DetailNews.php?StoryText=01_11_2013_009_012
Title: Re: Sugar Sector
Post by: MZ on November 02, 2013, 07:56:43 AM
Sugar procurement plan changed by Ministry (http://www.brecorder.com/top-stories/0:/1247260:sugar-procurement-plan-changed-by-ministry/?date=2013-11-02)
Title: Re: Sugar Sector
Post by: MZ on November 02, 2013, 08:15:21 AM
‘Sindh gets bumper sugarcane crop this year’ (http://www.dailytimes.com.pk/default.asp?page=2013\11\02\story_2-11-2013_pg5_2)

 Sindh Agriculture Minister Sardar Ali Nawaz Khan Mahar has said the Sindh province has achieved bumper sugarcane crop this year which is above the target.

He said Rs 180 per maund has been fixed as the minimum sugarcane purchase price in Sindh for new crushing season which will commence from November 1, 2013. The Provincial Agriculture Minister said this while talking to media at his office in Tughlaq House, Sindh Secretariat here, said a statement on Friday.

Members of Sindh Assembly, Makhdoom Rafiq-uz-Zaman and Hasnain Mirza, Sindh Secretary Agriculture, Iqbal Hussain Durrani, the Director General Agriculture Research and other notables were also present. Earlier, the minister chaired a meeting of sugarcane growers, sugar mills owners and others. The participants of the meeting presented their suggestions with regard to price of sugarcane for crushing this year.

Sardar Ali Nawaz Khan Mahar said the Department of Agriculture is providing all out support to the growers to get better crop which has resulted in better per acre produce from agricultural land. app
Title: Re: Sugar Sector
Post by: MZ on November 02, 2013, 10:11:34 PM
(http://urdu.aaj.tv/image/stories/140583_story.jpg)
Title: Re: Sugar Sector
Post by: Salammembers on November 13, 2013, 02:13:08 AM
http://tribune.com.pk/story/631195/market-manipulation-sugar-millers-set-to-pocket-billions-as-prices-shoot-up/
Title: Re: Sugar Sector
Post by: SBM on November 19, 2013, 12:11:50 PM
 Sugar: and then there was none

November 19, 2013 BR Research 0 Comments E-mailPrintPDF
The case of rising sugar prices is a definite head-scratching. The last few weeks have seen prices for the white stuff fluctuate wildly, with wholesale rates hitting as high as Rs85 per kilogram in some rural areas.

As of today, the most widely circulated explanation for these hikes has been a sudden unexpected dearth of the commodity. To make things worse, this strange phenomenon came about after numerous quarters exhibited satisfaction regarding the incoming bumper crop and the respectable stock position in the country. So, the million dollar question we set out to answer was: Where did all our sugar go? And for every source that BR Research reached out to, we got a glaringly disparate answer.

Backtracking to the last ECC meeting held on November 7, Finance Minister Ishaq Dar himself announced that the mills were to begin crushing season by the second last week of November. This came after a stock situation summary was submitted by MoI&P stating that the mills had around 1.8 million tons of sugar stock. With a historic consumption trend of around 390,000 tons per month, the stocks in the open market alone were deemed enough to sail the nation over the months of November and December without so much as a hiccup.

But in a twist fit for a badly- made espionage movie there is now speculation that the millers conspired together to create this space before the arrival of the new stock in a bid to float their stored stock at exorbitant prices. A source within the Provincial Cane Commissioners office also confirms this. Speaking on the condition of anonymity the source told BR Research that the delay of the crushing season at the behest of the millers was based on exaggeration of the carryover stock but no one had expected the fallout to emerge so quickly.

This statement receives strong support from the fact when representatives from the millers primary lobbying group PSMA were contacted by BR Research; they were completely unable to justify this abnormal price hike at a time when they supposedly have stocks to last as well into March of next year.

The undue delay in the start of crushing season also cannot simply be explained away. A spokesman from the growers lobby was adamant that the delay in crushing was made under the pressure exerted by the millers who are looking for ways to extend their profits in a market that has remained soft for sugar. At a time when exports are fetching bleak prices, this claim may have some basis in fact.

In a previous commentary on sugar market situation, this column has already highlighted that the continued absence of a government mandated SRO for a rebate for exporters means that they are unlikely to be interested in sending abroad sugar which-with a little manipulation-might fetch much higher prices at home.

And it seems that that prediction-quite unfortunately-just might have come to fruition much sooner than expected. Going forward, this market manipulation by the millers is going to lend sugar prices a bad shock and consumers should get ready to pay higher prices for a commodity at a time when it is technically about to hit glut season. Either that or switch to Gur while theres still time.
Title: Re: Sugar Sector
Post by: asim.786 on November 29, 2013, 12:25:13 AM
http://tribune.com.pk/story/638424/steps-underway-sugar-mills-to-cater-to-needs-of-big-power-consumers/
Title: Re: Sugar Sector
Post by: umair vohra on December 04, 2013, 04:51:18 PM
its time for sugar sector???? wht do you think itni market uper hochuki per yeh sector mara parha hai
Title: Re: Sugar Sector
Post by: SBM on December 07, 2013, 03:18:33 PM
http://epaper.dawn.com/DetailNews.php?StoryText=07_12_2013_009_012


+ve for mills if they are buying cane at 172
Title: Re: Sugar Sector
Post by: MZ on December 08, 2013, 06:38:21 PM
Sugarcane growers finding a sweeter, better way out (http://tribune.com.pk/story/642610/conflict-sugarcane-growers-finding-a-sweeter-better-way-out/)

As sugar millers team up to exploit the sugarcane growers and offer them a price below the governments notified rates, the farmers have discovered a way out by making their own traditional sugar (Gur) which is offering them good returns.
Sugarcane growers are unwilling to sell their crops on credit after some of the sugar mill owners have yet to clear their dues pertaining to the previous year.
The mill owners have blocked payments despite the All Pakistan Sugar Mills Association (PSMA) assuring the federal government of clearing all dues.
According to the farmers, the private sugarcane purchasing centers that are run by middlemen and some by the employees of the mills are purchasing sugarcane on cash payment of Rs 150 per 40 kilogram (kg) against the support price of Rs 170.
While the announced support price of sugarcane was already below the expectations of the farmers, growers are also seeking an increase in the support price of sugarcane as the support price was not offering good returns.
As the growers seek release of previous year’s payments by the millers, they find themselves in need of cash for sowing of next crop.
“Some sugar millers are making cash payments, while many are purchasing sugarcane on credit,” said farmers while talking to The Express Tribune.
They said that the exploitation by the owners was among their normal practices every season as they know that the farmers have to sell their crops to clear their fields for sowing wheat crop.
The farmers, to overcome the issue, have started making Gur, while other growers are selling their sugarcane to the millers to vacant their fields for next crop of wheat.
The price of Gur is Rs2,100 per 40kg, which is paid in cash thus encouraging the growers for moving towards Gur markets after being unhappy with the price of sugarcane.
Shabeer Ahmed, a sugarcare grower, said that the implementation of announced sugarcane support price and last year’s arrears were prickly issues but government has been unable to resolve them.
“The millers enjoy a strong lobby and many of them are politicians, therefore no one will come to rescue the farmers,” added Ahmed.
“Despite agitation by the farmers, the millers are buying crops on credit.” Ahmed added that this ongoing trend was pushing the farmers to abandon cultivation of sugarcane crop.
Published in The Express Tribune, December 8th, 2013.
Title: Re: Sugar Sector
Post by: Salammembers on December 11, 2013, 07:35:03 AM
http://www.dawn.com/news/1061371/sugar-mills-start-cane-crushing-in-sindh
Title: Re: Sugar Sector
Post by: Salammembers on December 11, 2013, 10:35:30 AM
Mirks -eps 12 plus BV 80plus and 10% B  :rtfm:with earnings expected 2 improve further from next year mujhaay B free lagta haay  :dance :dance :dance
Title: Re: Sugar Sector
Post by: SBM on December 11, 2013, 10:57:07 AM
Mirks -eps 12 plus BV 80plus and 10% B  :rtfm:with earnings expected 2 improve further from next year mujhaay B free lagta haay  :dance :dance :dance

they hold cherat cement and cherat packaging shares so actual value of pf is good
in fact, when sugar market improves some time in future, share can be worth 5 times more than what it is trading at today
company has some cash flow issue right now
Title: Re: Sugar Sector
Post by: Atif1 on December 26, 2013, 08:43:23 PM
Dear All Colony Sugar Mill performing well, closed today at 10.43,  with v good vols, still trading at  lo p/e of 3.3,while habib sugar trading at p/e of 5.7. im expecting good result with decent price gain as annual result near to come :biggthumpup:
Title: Re: Sugar Sector
Post by: Atif1 on December 26, 2013, 09:00:31 PM
comparision:
Colony Sugar mill total cane crushing capacity of 12,000 Metric Tons/Day while Habib sugar  crushing capacity is 7,000 Metric Tons/Day.

The Distillery divisions  installed capacity  is 125,000 Liters/Day (100 M. Tons/Day), HABIB Sugar Distillery Division has a capacity of producing 142,500 litres of industrial alcohol per day.

In order to recover a huge amount of Carbon Dioxide Gas (CO2) that is produced during the fermentation process of Molasses, a state of the art CO2 Recovery Plant with 48 Metric Tons/Day capacity was bought from Italy, which is currently under erection and installation process. It is worth mentioning that no distillery in Pakistan but one other than ours has the CO2 recovery system installed. Elsewhere in Pakistan, CO2 produced during fermentation process is exhausted in the atmosphere and thus wasted.
Title: Re: Sugar Sector
Post by: Atif1 on December 27, 2013, 09:48:59 AM
Dear All Colony Sugar Mill performing well, closed today at 10.43,  with v good vols, still trading at  lo p/e of 3.3,while habib sugar trading at p/e of 5.7. im expecting good result with decent price gain as annual result near to come :biggthumpup:

laooooooooooooooo colony sugar 15+ :biggthumpup:
Title: Re: Sugar Sector
Post by: Atif1 on December 27, 2013, 11:50:56 AM
Dear All Colony Sugar Mill performing well, closed today at 10.43,  with v good vols, still trading at  lo p/e of 3.3,while habib sugar trading at p/e of 5.7. im expecting good result with decent price gain as annual result near to come :biggthumpup:

laooooooooooooooo colony sugar 15+ :biggthumpup:

Laooooooooooooooooooooooooo CSUML LOCKKKKKKKKKKKKKKKK as expected :thumbsup_anim: :thumbsup_anim: :thumbsup_anim: :shoaby: :shoaby: :shoaby:
Title: Re: Sugar Sector
Post by: jamalakhter on December 27, 2013, 12:49:01 PM
Dear All Colony Sugar Mill performing well, closed today at 10.43,  with v good vols, still trading at  lo p/e of 3.3,while habib sugar trading at p/e of 5.7. im expecting good result with decent price gain as annual result near to come :biggthumpup:
  But atleast in last 5 years no history of giving divindent r bonus
Title: Re: Sugar Sector
Post by: Atif1 on December 28, 2013, 11:38:12 AM
Dear All Colony Sugar Mill performing well, closed today at 10.43,  with v good vols, still trading at  lo p/e of 3.3,while habib sugar trading at p/e of 5.7. im expecting good result with decent price gain as annual result near to come :biggthumpup:
  But atleast in last 5 years no history of giving divindent r bonus

They don't earn too much in last five year, best year was 2012 whose eps 1.61, 2011 eps was 0.66, 2010 eps was 1.19. In current year 9m eps is 2.34 so full year one can expect eps of 3- 3.5 &  few big players accumulating this on insider of good dividend and payout

 They also installed state of the art CO2 Recovery Plant with 48 Metric Tons/Day capacity was bought from Italy, which is currently under erection and installation process. It is worth mentioning that no distillery in Pakistan has the CO2 recovery system installed. Elsewhere in Pakistan, CO2 produced during fermentation process is exhausted in the atmosphere and thus wasted.
Title: Re: Sugar Sector
Post by: SBM on December 28, 2013, 12:14:23 PM
Dear All Colony Sugar Mill performing well, closed today at 10.43,  with v good vols, still trading at  lo p/e of 3.3,while habib sugar trading at p/e of 5.7. im expecting good result with decent price gain as annual result near to come :biggthumpup:
  But atleast in last 5 years no history of giving divindent r bonus

They don't earn too much in last five year, best year was 2012 whose eps 1.61, 2011 eps was 0.66, 2010 eps was 1.19. In current year 9m eps is 2.34 so full year one can expect eps of 3- 3.5 &  few big players accumulating this on insider of good dividend and payout

 They also installed state of the art CO2 Recovery Plant with 48 Metric Tons/Day capacity was bought from Italy, which is currently under erection and installation process. It is worth mentioning that no distillery in Pakistan has the CO2 recovery system installed. Elsewhere in Pakistan, CO2 produced during fermentation process is exhausted in the atmosphere and thus wasted.

unicol, a distillery jointly owned by mirks, mrns and frns also setting up a co2 recovery plant.
 
Title: Re: Sugar Sector
Post by: Salammembers on January 06, 2014, 02:37:50 PM
Mirks -eps 12 plus BV 80plus and 10% B  :rtfm:with earnings expected 2 improve further from next year mujhaay B free lagta haay  :dance :dance :dance

they hold cherat cement and cherat packaging shares so actual value of pf is good
in fact, when sugar market improves some time in future, share can be worth 5 times more than what it is trading at today
company has some cash flow issue right now
lagta haay yeh board B milnaay saay pehlaay B koo free karwaayaee Ga   :D
Title: Re: Sugar Sector
Post by: Salammembers on January 16, 2014, 04:32:52 PM
Mirks -eps 12 plus BV 80plus and 10% B  :rtfm:with earnings expected 2 improve further from next year mujhaay B free lagta haay  :dance :dance :dance

they hold cherat cement and cherat packaging shares so actual value of pf is good
in fact, when sugar market improves some time in future, share can be worth 5 times more than what it is trading at today
company has some cash flow issue right now
  SBM- kia Q1 board meeting say pehlaay exit khappay?
Title: Re: Sugar Sector
Post by: tahirdxb on January 18, 2014, 04:28:54 PM
(http://www.express.com.pk/images/NP_LHE/20140118/Sub_Images/1102072495-1.gif)
Title: Re: Sugar Sector
Post by: SBM on January 19, 2014, 02:41:48 AM
Mirks -eps 12 plus BV 80plus and 10% B  :rtfm:with earnings expected 2 improve further from next year mujhaay B free lagta haay  :dance :dance :dance

they hold cherat cement and cherat packaging shares so actual value of pf is good
in fact, when sugar market improves some time in future, share can be worth 5 times more than what it is trading at today
company has some cash flow issue right now
  SBM- kia Q1 board meeting say pehlaay exit khappay?

its still cheap wrt to its sum of parts valuation.
i have been wrong about its earnings for 6 consecutive quarters now. so yeah. dont ask me what will happen :)
Title: Re: Sugar Sector
Post by: SBM on January 21, 2014, 01:45:33 PM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1145491:indian-sugar-futures-fall-on-mounting-supplies/?date=2014-01-21
Title: Re: Sugar Sector
Post by: MZ on January 23, 2014, 10:52:04 PM
Sugar Companies: Focus on underperformers

In the last couple of days we have received various investors'
queries regarding listed sugar companies where investors wanted
to find out which companies were profitable and are trading at
lower multiples with relatively better management. Although not
actively covered by us, in today's note we present Pakistan listed
sugar industry performance in 2013 and, due to overall re-rating
of the market, few stocks which can be looked at as they trade at
lower multiples.
Sugar underperformed in 2013 by 30%
In 2013 sugar companies listed at Karachi exchange largely
underperformed the benchmark KSE-100 index as they posted an
average return of 19% versus 49% by benchmark index, thus
underperforming by 30%. Similarly, when compared to Food
producer segment, sugar companies underperformed by a massive
50%. In 2014 to date, however, sugar company's stocks have
started to perform as they have given a return of 10% versus KSE-
100 return of 7%. We believe, due to overall re-rating of the market,
listed sugar company's stocks are now catching up since they are
trading at relatively lower valuation multiples. For our sector
analysis we have taken all 29 listed sugar companies at KSE.
2013: Profitable companies’ earnings grew 10%
As per Sep 2013 full year end results, earnings of profitable sugar
companies grew by 10%. For this report, we have analyzed 27 out
of 29 listed companies which represent 75% of the total sector
capitalization. Tandianwala Sugar and Abdullah Shah Ghazi Sugar
have not been taken as they are yet to announce their full year
results.
Out of 27 sample companies, Adam Sugar posted significant
profitability growth of 97% followed by Thal Industries Corporation
and Colony Sugar which posted profitability growth of 92% and
64%, respectively. Similarly, sector heavy weights, JDW Sugar and
Mehran Sugar posted profitability growth of 34% and 46%,
respectively. Habib Sugar, however, didn't perform as its
earnings remained flat versus last year. Out of our sample of 27
companies, 13 companies posted loss in 2013.
Please see accompanied table in which we present listed sugar
companies FY13 key numbers and current multiples.

(http://i1110.photobucket.com/albums/h458/MoazzamZeb/sugae.png) (http://s1110.photobucket.com/user/MoazzamZeb/media/sugae.png.html)
Title: Re: Sugar Sector
Post by: SBM on January 25, 2014, 12:35:10 PM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1146959:sugar-procurement-by-tcp-poor-response-leads-to-issuance-of-multiple-tenders/?date=2014-01-25
Title: Re: Sugar Sector
Post by: Salammembers on January 28, 2014, 10:37:25 PM
Mirks -eps 12 plus BV 80plus and 10% B  :rtfm:with earnings expected 2 improve further from next year mujhaay B free lagta haay  :dance :dance :dance

they hold cherat cement and cherat packaging shares so actual value of pf is good
in fact, when sugar market improves some time in future, share can be worth 5 times more than what it is trading at today
company has some cash flow issue right now
  SBM- kia Q1 board meeting say pehlaay exit khappay?
so far sugar sector cos Q1 figures disappointing, smart members shayid already OUT of mirks  , long term investors as usual
tortured-offload to buy at lower rate or long term means going long  :confused1: kse wants u on your toes even Neend maay :bangin: :bangin: :bangin:
Title: Re: Sugar Sector
Post by: tahirdxb on January 29, 2014, 09:27:10 AM
(http://www.naibaat.com.pk/nbfinal/ePaper/lahore/29-01-2014/Detail/p14_12.jpg)
Title: Re: Sugar Sector
Post by: asim.786 on January 29, 2014, 09:10:48 PM
http://urdu.aaj.tv/business/2014/01/29/145753_4_story.html
Title: Re: Sugar Sector
Post by: Atif1 on February 01, 2014, 11:03:24 AM
Sugar Companies: Focus on underperformers

In the last couple of days we have received various investors'
queries regarding listed sugar companies where investors wanted
to find out which companies were profitable and are trading at
lower multiples with relatively better management. Although not
actively covered by us, in today's note we present Pakistan listed
sugar industry performance in 2013 and, due to overall re-rating
of the market, few stocks which can be looked at as they trade at
lower multiples................

(http://i1110.photobucket.com/albums/h458/MoazzamZeb/sugae.png) (http://s1110.photobucket.com/user/MoazzamZeb/media/sugae.png.html)

Which is the best bet in sugar
After disappointing result 1Q most are down. I think FRSM looks cheap to me, 1q result of 0.88 and last year 9.8 it is down to 31.4 now, BVPS of 48.7 rs and unicol capacity is going doubled by the first qtr of calendar year 14 would add to value for company going fwd.
Seniors comments please
Title: Re: Sugar Sector
Post by: Just Another Guy on February 03, 2014, 10:38:00 AM
Extract from directors report of mehran sugar, one of the associated companies in JV of UNICOL. It states about UNICOL!

"Share of Profit from Unicol reduced to Rs. 10.71 million compared to Rs. 55.15 million
during the corresponding period of last year. This was primarily due to the fact that
some shipments were made in the subsequent quarter. Thus results should improve
considerably in the next quarter. The expansion is slightly delayed and we expect the
new production line to be online by March 2014."

so no need to worry about fall in profitability plus my top pick is not FRSM and I have converted my holdings in MIRKS to FRSM as well as it is one of only companies making profit from sugar business as well, thanks to its recent BMRe activities with increase in OPERATING profit of more than 500%!

All eyes on Brazil now where weather can destroy sugarcane crop as Brazil has experienced one of the driest January on record! next few days are crucial for sugar prices. This fact alone led  to largest single day price increase more than 3 years in sugar prices on Friday where the prices rose by more than 3%, bouncing back to 15.5!

Also exchange rate of PKR has fallen by around 15% compared to same period last year so export avenue should still be profitable!


Title: Re: Sugar Sector
Post by: Hobbyist on February 03, 2014, 01:38:31 PM
Extract from directors report of mehran sugar, one of the associated companies in JV of UNICOL. It states about UNICOL!

"we expect the new production line to be online by March 2014."

so no need to worry about fall in profitability plus my top pick is not FRSM and I have converted my holdings in MIRKS to FRSM as well as it is one of only companies making profit from sugar business as well, thanks to its recent BMRe activities with increase in OPERATING profit of more than 500%!


Koi nai, march is just the next month.  ;)
I had sold off my MIRKS too after poor quarterly result, and made a good entry in FRSM just above 31. FRSM is now the only of three partners in UNICOL (along with MRNS, MIRKS) that is still to perform.


Title: Re: Sugar Sector
Post by: tahirdxb on February 04, 2014, 03:51:11 PM
(http://urdu.aaj.tv/image/stories/146215_story.jpg)
Title: Re: Sugar Sector
Post by: SBM on February 11, 2014, 09:57:11 PM
which sugar stock is best  at current rates ?
Title: Re: Sugar Sector
Post by: Atif1 on February 11, 2014, 11:34:37 PM
I guess FRSM :skeptic:
Title: Re: Sugar Sector
Post by: asim.786 on February 12, 2014, 01:04:34 AM
which sugar stock is best  at current rates ?
Habsm
Sugar cum ethonal business GSP plus benefit in ethonal
+ textile unit

Jscl accomulating good payout history
Title: Re: Sugar Sector
Post by: SBM on February 12, 2014, 10:30:58 AM
which sugar stock is best  at current rates ?
Habsm
Sugar cum ethonal business GSP plus benefit in ethonal
+ textile unit

Jscl accomulating good payout history

what is your target ?
Title: Re: Sugar Sector
Post by: Just Another Guy on February 12, 2014, 11:38:29 AM
which sugar stock is best  at current rates ?

FRSM in sha Allah  :biggthumpup:
Title: Re: Sugar Sector
Post by: Hobbyist on February 12, 2014, 12:27:00 PM
Comparison of faran n habib sugar mills for the last 6 years.
Both come is almost same price now. Faran enjoys a higher break-up value (~1.5x) n much higher eps (~2x). better average ROE too. Lets see how well GSP+ affects earnings for each of them. For now, faran still my favorite  :biggthumpup:
http://www.habib.com/sugar/pdfs/2013/7-SixYears.pdf
http://www.faran.com.pk/perspective.html
Title: Re: Sugar Sector
Post by: asim.786 on February 12, 2014, 04:43:41 PM
which sugar stock is best  at current rates ?
Habsm
Sugar cum ethonal business GSP plus benefit in ethonal
+ textile unit

Jscl accomulating good payout history
Short term 39-40.


what is your target ?
Short term 40-39strong resistance at 40 break and close means medium 50
Title: Re: Sugar Sector
Post by: SBM on February 12, 2014, 07:43:39 PM
which sugar stock is best  at current rates ?
Habsm
Sugar cum ethonal business GSP plus benefit in ethonal
+ textile unit

Jscl accomulating good payout history
Short term 39-40.


what is your target ?
Short term 40-39strong resistance at 40 break and close means medium 50

sugar sector stock trading at 10 times earnings ?
Title: Re: Sugar Sector
Post by: asim.786 on February 12, 2014, 07:47:23 PM
which sugar stock is best  at current rates ?
Habsm
Sugar cum ethonal business GSP plus benefit in ethonal
+ textile unit

Jscl accomulating good payout history
Short term 39-40.


what is your target ?
Short term 40-39strong resistance at 40 break and close means medium 50
Sugar sector is risky cause low volume and volatile eps

sugar sector stock trading at 10 times earnings ?
Title: Re: Sugar Sector
Post by: SBM on February 12, 2014, 07:50:30 PM
then why are you suggesting 50 for it ?
last year it made 5.18 rupees per share
first quarter this year 31 paisa
Title: Re: Sugar Sector
Post by: asim.786 on February 12, 2014, 08:01:54 PM
then why are you suggesting 50 for it ?
last year it made 5.18 rupees per share
first quarter this year 31 paisa
I'm talking all sugar sector s risky I never trade in sugar this is first time I took entry but shud avoid sugar.  habsm first I bought at 32 and sold 38 and then again entered at 32
Habsm I selected due to  reasons
1- js accomulating
2- last 5 payout and eps record is very good
3 ethonal production is more than sugar so ethonal good exported item to Europe

I personally advise avoid sugar sector
Title: Re: Sugar Sector
Post by: asim.786 on February 12, 2014, 08:04:08 PM
then why are you suggesting 50 for it ?
last year it made 5.18 rupees per share
first quarter this year 31 paisa
First quarter eps always low cause sugar cane crushing start from end of November
First q 31 and last year was 33 pass a
Title: Re: Sugar Sector
Post by: SBM on February 12, 2014, 08:09:02 PM
then why are you suggesting 50 for it ?
last year it made 5.18 rupees per share
first quarter this year 31 paisa
First quarter eps always low cause sugar cane crushing start from end of November
First q 31 and last year was 33 pass a

i know all that. thank you
let me rephrase my question.
are you expecting habsm to post earinigs of above 8 this year ? otherwise any other development that will make it worth 50 ?
Title: Re: Sugar Sector
Post by: asim.786 on February 12, 2014, 08:22:21 PM
then why are you suggesting 50 for it ?
last year it made 5.18 rupees per share
first quarter this year 31 paisa
First quarter eps always low cause sugar cane crushing start from end of November
First q 31 and last year was 33 pass a

i know all that. thank you
let me rephrase my question.
are you expecting habsm to post earinigs of above 8 this year ? otherwise any other development that will make it worth 50 ?
I'm hopeful for 50  but better to quit at 39-40 that is major resistance and If goes low again buy or if close above 40 then buy I'm strictly working in sugar sector with stoploss

Yar Ethonal 55% earning contributing 30-40% sugar and 10-15% textile and investment sector
Major growth in Ethonal expected
Title: Re: Sugar Sector
Post by: Just Another Guy on February 14, 2014, 12:31:10 PM
http://www.blackseagrain.net/novosti/brazil-heatwave-serious-fear-for-sugar-in-2015

lao first resistance at 16.5 and then 17 plus in coming months

remember buy when there is blood and sell when the prices are peaking!

Moreover depressed prices in sugar in short term means depressed prices for molasses, a by product of sugar mills used in production of ethanol so cost of production should not rise much keeping margins healthy

Most of profits of UNICOL JV partners is coming from ETHANOL which is actually an enerygy and industrial play with defined market and prices (ethanol)

Also since ALL production is exported it would gain handsomely due to rupee depreciation of 10% within last one year!

Already it is running at full capacity

SO the question now is WILL THE INCREASED OUTPUT be sold and UNICOL would operate at full capacity!

YES IN SHA ALLAH

REASONS:

Molasses sales from JV partners have been up by almost 100% which simply shows stock is being built to cater for enhanced production! and no point in building stock for increased production when you are not sure if you would be able to sell it!

Last year Pakistan sold 405 000 tonnes of Ethanol in export market fetching around $325 million! This year the Export as per industrial sources are expected to touch 450 000 to 500 000 tonnes (also quoted by CEO of mehran sugar in recent interview to DAWN)

additional capacity of UNICOL is 80 tonnes per day which translates into 29200 tonnes for the year. As additional exports are expected to be in the region of 50 000 to 100 000 tonnes a year it clearly shows the additional capacity would be easily taken up and exported in sha Allah!

SO LAO MAAL UNICOL! and its JV partners!

PS: these are investors item so may test your patience! buyer beware and sattorians and short term players stay away!

Title: Re: Sugar Sector
Post by: Atif1 on February 15, 2014, 10:48:09 AM
The ECC decided yesterday to reject a proposal to increase the ceiling (400k tons) for sugar export.
Title: Re: Sugar Sector
Post by: Just Another Guy on February 18, 2014, 12:01:28 PM
declining of ADDITIONAL sugar exports is not a major issue for JV partners of UNICOL as most of the profits (all in case of MIRKS) is coming from ETHANOL

www.unicol.pk

check out the new website of unicol people. It is not fully functional yet but I just happen to stumble on it when I was searching for UNICOL

from the MISSION STATEMENT

"The purpose of the Enterprise is to perpetuate as a Public Limited Company..."  :o

LAO IPO  :clap1:
Title: Re: Sugar Sector
Post by: SBM on March 29, 2014, 01:32:39 AM
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/7b285a5e-b5f4-11e3-b40e-00144feabdc0.html#ixzz2xI8FWLVB

Ethanol jumps on supply crunch
By Gregory Meyer in New York

The world’s biggest biofuels market is straining under a supply crunch.
US prices for corn-based ethanol have leapt by two-thirds this year to surpass $4 per gallon in New York. Ethanol now costs more than petrol despite giving cars fewer miles per gallon.


The rally has jolted traders lulled by last year’s record corn harvest and strong profits for refiners.
Demand has remained robust despite a White House proposal to loosen a mandate for its use.
Fuel companies use ethanol to boost octane and improve tailpipe emissions.
The government estimates US drivers will burn 134.8bn gallons of finished petrol in 2014, most of which will contain about 10 per cent ethanol.
The US has also been increasing exports. Shipments reached 86.2m gallons in January, up by a third from December and the highest in more than two years, according to statistics compiled by the Renewable Fuels Association.
Brazil, the second biggest ethanol producer, was the top recipient.
Rough winter weather and competing demand from crude oil traders has also led to a shortage of railway tank cars used to transport ethanol from rural refineries to blenders in US cities.
“For the most part it’s a lack of railcars,” said Chase Malcolm, an ethanol broker at Starfuels. “Weather hasn’t helped either.”
Stuart Rose, chief executive of Rex American Resources, which has majority stakes in ethanol refineries in Illinois and South Dakota, told investors this week: “It’s a serious problem, getting the railcars back to the plants,” adding that his company had not suffered like others.
Ethanol for prompt delivery into New York harbour traded at $3.98 per gallon on Thursday, up 71 per cent from the start of the year, according to Oil Price Information Service.
Gasoline blendstock, mixed with ethanol to make petrol, was $2.86 per gallon in New York, up 6 per cent this year.
Ethanol contains about a third less energy by volume than unblended petrol.
“Ethanol is very, very expensive right now,” said Tom Kloza, Opis chief oil analyst. “It’s clearly made the biggest move of all the energy contracts in the last 100 days.”
The US Environmental Protection Agency has proposed slashing the corn ethanol mandate for the first time to 13.01bn gallons this year, down from the 14.4bn requirement outlined by federal statute.
EPA administrator Gina McCarthy defended the proposal in a congressional hearing on Thursday, noting “infrastructure challenges and the inability at this point to achieve the levels of ethanol that are in the law”.
But Michael Cosgrove, partner at Vectra Capital, a New York trading group, contends that demand will persist regardless.
Practically speaking, the mandate “has absolutely nothing to do with the amount of ethanol that’s going to be produced or consumed in the US. Nothing. You’ve still got to blend a gasoline additive to meet minimum octane and oxygenate specs, and the only way to get there right now is to blend ethanol,” he said.
CBOT ethanol futures were $3.077 per gallon on Friday, up 8 per cent on the week.


 :skeptic:
Title: Re: Sugar Sector
Post by: ValueInvestor on March 29, 2014, 04:31:09 AM
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/7b285a5e-b5f4-11e3-b40e-00144feabdc0.html#ixzz2xI8FWLVB

Ethanol jumps on supply crunch
By Gregory Meyer in New York

The world’s biggest biofuels market is straining under a supply crunch.
US prices for corn-based ethanol have leapt by two-thirds this year to surpass $4 per gallon in New York. Ethanol now costs more than petrol despite giving cars fewer miles per gallon.


The rally has jolted traders lulled by last year’s record corn harvest and strong profits for refiners.
Demand has remained robust despite a White House proposal to loosen a mandate for its use.
Fuel companies use ethanol to boost octane and improve tailpipe emissions.
The government estimates US drivers will burn 134.8bn gallons of finished petrol in 2014, most of which will contain about 10 per cent ethanol.
The US has also been increasing exports. Shipments reached 86.2m gallons in January, up by a third from December and the highest in more than two years, according to statistics compiled by the Renewable Fuels Association.
Brazil, the second biggest ethanol producer, was the top recipient.
Rough winter weather and competing demand from crude oil traders has also led to a shortage of railway tank cars used to transport ethanol from rural refineries to blenders in US cities.
“For the most part it’s a lack of railcars,” said Chase Malcolm, an ethanol broker at Starfuels. “Weather hasn’t helped either.”
Stuart Rose, chief executive of Rex American Resources, which has majority stakes in ethanol refineries in Illinois and South Dakota, told investors this week: “It’s a serious problem, getting the railcars back to the plants,” adding that his company had not suffered like others.
Ethanol for prompt delivery into New York harbour traded at $3.98 per gallon on Thursday, up 71 per cent from the start of the year, according to Oil Price Information Service.
Gasoline blendstock, mixed with ethanol to make petrol, was $2.86 per gallon in New York, up 6 per cent this year.
Ethanol contains about a third less energy by volume than unblended petrol.
“Ethanol is very, very expensive right now,” said Tom Kloza, Opis chief oil analyst. “It’s clearly made the biggest move of all the energy contracts in the last 100 days.”
The US Environmental Protection Agency has proposed slashing the corn ethanol mandate for the first time to 13.01bn gallons this year, down from the 14.4bn requirement outlined by federal statute.
EPA administrator Gina McCarthy defended the proposal in a congressional hearing on Thursday, noting “infrastructure challenges and the inability at this point to achieve the levels of ethanol that are in the law”.
But Michael Cosgrove, partner at Vectra Capital, a New York trading group, contends that demand will persist regardless.
Practically speaking, the mandate “has absolutely nothing to do with the amount of ethanol that’s going to be produced or consumed in the US. Nothing. You’ve still got to blend a gasoline additive to meet minimum octane and oxygenate specs, and the only way to get there right now is to blend ethanol,” he said.
CBOT ethanol futures were $3.077 per gallon on Friday, up 8 per cent on the week.


 :skeptic:

Brother  - you are rightfully skeptic.
Ethanol business will not survive in the U.S if it was not for the government subsidy. Flip side is, that corn (other materials are being used as well) which is being used to produce the Ethanol is not being used to produce the other food stuff.

More or less same story in Brazil. It has the highest use of Ethanol in the world, but it is primarily because of the substantial goverment subsidies.
Title: Re: Sugar Sector
Post by: naumaan on March 30, 2014, 02:30:20 AM
The Econo-mic Co-ordination Committee (ECC) of the Cabinet has allowed mills to export 0.250 million tons of sugar.

Finance Minister Ishaq Dar also decided that a decision to allow mills to export another 0.25 million tons of sugar would be taken by the end of April after assessing the situation.

They said that 0.255 million tons export of sugar allowed to the mills is in addition to 0.5 million tons export which was allowed to sugar mills previously; out of which some 0.160 million tons is still to be exported by the mills.

http://www.brecorder.com/business-a-economy/189/1166659/
Title: Re: Sugar Sector
Post by: SBM on April 15, 2014, 10:50:26 AM
http://www.brecorder.com/fuel-a-energy/193:pakistan/1173083:bagasse-fired-power-projects-ministry-decides-to-give-fiscal-benefits/?date=2014-04-14
Title: Re: Sugar Sector
Post by: umair vohra on April 15, 2014, 10:59:11 AM
sugar season is on bahiyoo buy Adam Sugar between 24 to 26 Expected EPS must be between 8 to 10 basis EPS
Title: Re: Sugar Sector
Post by: SBM on April 17, 2014, 10:06:40 PM
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/7b285a5e-b5f4-11e3-b40e-00144feabdc0.html#ixzz2xI8FWLVB

Ethanol jumps on supply crunch
By Gregory Meyer in New York

The world’s biggest biofuels market is straining under a supply crunch.
US prices for corn-based ethanol have leapt by two-thirds this year to surpass $4 per gallon in New York. Ethanol now costs more than petrol despite giving cars fewer miles per gallon.


The rally has jolted traders lulled by last year’s record corn harvest and strong profits for refiners.
Demand has remained robust despite a White House proposal to loosen a mandate for its use.
Fuel companies use ethanol to boost octane and improve tailpipe emissions.
The government estimates US drivers will burn 134.8bn gallons of finished petrol in 2014, most of which will contain about 10 per cent ethanol.
The US has also been increasing exports. Shipments reached 86.2m gallons in January, up by a third from December and the highest in more than two years, according to statistics compiled by the Renewable Fuels Association.
Brazil, the second biggest ethanol producer, was the top recipient.
Rough winter weather and competing demand from crude oil traders has also led to a shortage of railway tank cars used to transport ethanol from rural refineries to blenders in US cities.
“For the most part it’s a lack of railcars,” said Chase Malcolm, an ethanol broker at Starfuels. “Weather hasn’t helped either.”
Stuart Rose, chief executive of Rex American Resources, which has majority stakes in ethanol refineries in Illinois and South Dakota, told investors this week: “It’s a serious problem, getting the railcars back to the plants,” adding that his company had not suffered like others.
Ethanol for prompt delivery into New York harbour traded at $3.98 per gallon on Thursday, up 71 per cent from the start of the year, according to Oil Price Information Service.
Gasoline blendstock, mixed with ethanol to make petrol, was $2.86 per gallon in New York, up 6 per cent this year.
Ethanol contains about a third less energy by volume than unblended petrol.
“Ethanol is very, very expensive right now,” said Tom Kloza, Opis chief oil analyst. “It’s clearly made the biggest move of all the energy contracts in the last 100 days.”
The US Environmental Protection Agency has proposed slashing the corn ethanol mandate for the first time to 13.01bn gallons this year, down from the 14.4bn requirement outlined by federal statute.
EPA administrator Gina McCarthy defended the proposal in a congressional hearing on Thursday, noting “infrastructure challenges and the inability at this point to achieve the levels of ethanol that are in the law”.
But Michael Cosgrove, partner at Vectra Capital, a New York trading group, contends that demand will persist regardless.
Practically speaking, the mandate “has absolutely nothing to do with the amount of ethanol that’s going to be produced or consumed in the US. Nothing. You’ve still got to blend a gasoline additive to meet minimum octane and oxygenate specs, and the only way to get there right now is to blend ethanol,” he said.
CBOT ethanol futures were $3.077 per gallon on Friday, up 8 per cent on the week.


 :skeptic:

Brother  - you are rightfully skeptic.
Ethanol business will not survive in the U.S if it was not for the government subsidy. Flip side is, that corn (other materials are being used as well) which is being used to produce the Ethanol is not being used to produce the other food stuff.

More or less same story in Brazil. It has the highest use of Ethanol in the world, but it is primarily because of the substantial goverment subsidies.

ethanol erased most of its gains but still higher than it was same point last year

i wasnt skeptic about longer term ethanol pricing, i just meant that I had doubts about the persistency of the increase in ehtanol price (move from 1.6 to 2.8 in 3 months) ... and whether pakistani exporters would have any benefits as they export to europe mostly (almost all to netherlands)
Title: Re: Sugar Sector
Post by: Atif1 on April 18, 2014, 11:33:36 AM
sugar season is on bahiyoo buy Adam Sugar between 24 to 26 Expected EPS must be between 8 to 10 basis EPS

how u can expect eps  of 8-10 its 1q eps is 1.37 before adjustment of 200%R, after right adjustment its eps will be around 0.46, or did I miss something??? :confused1:
Title: Re: Sugar Sector
Post by: jamalakhter on April 18, 2014, 11:42:42 AM
sugar season is on bahiyoo buy Adam Sugar between 24 to 26 Expected EPS must be between 8 to 10 basis EPS

how u can expect eps  of 8-10 its 1q eps is 1.37 before adjustment of 200%R, after right adjustment its eps will be around 0.46, or did I miss something??? :confused1:
                                                                                                                   
crushing season starts after first qtr
Title: Re: Sugar Sector
Post by: ahmed499 on May 01, 2014, 08:40:16 PM
Where did the earned money of 9 Rs per share of colony sugar mills went??? Why do its stock price is 8 Rs per share?
Title: Re: Sugar Sector
Post by: MZ on May 25, 2014, 11:09:33 AM
http://www.brecorder.com/top-stories/0:/1185844:budget-2014-15-six-percent-non-adjustable-fed-on-sugar-proposed/?date=2014-05-25
Title: Re: Sugar Sector
Post by: Just Another Guy on May 25, 2014, 06:32:19 PM
http://www.brecorder.com/top-stories/0:/1185844:budget-2014-15-six-percent-non-adjustable-fed-on-sugar-proposed/?date=2014-05-25

Won't that eliminate all the profits as its non adjustable. The government would have to allow the price of sugar by same % as compensation sooner or later if this goes ahead.
Title: Re: Sugar Sector
Post by: MZ on June 02, 2014, 06:59:45 PM
Sugar exports: bitter sweet symphony?

Well mostly bitter, at least from the perspective of Pakistan Sugar Mills Association (PSMA). After accounting for total domestic consumption over the next six months, sugar is likely to be in a surplus of about 1.17 million tonnes. With that amount in surplus stock and a declining trend in sugar exports, sweetness may grow just a bit distasteful for the country.

A host of reasons are responsible for the decline in sugar exports. For one, export quotas have come down this year; so has inland freight subsidy, which has been reduced to Rs1 per kilogram from Rs1.75 per kilogram last year. PSMA representatives say that disbursements against the freight subsidy also remain outstanding.

Add to these, the brunt of rupee appreciation. The graph here shows how the price per tonne of sugar exports bottomed out as the rupee started depreciating after July 2013, and how the per unit export price fetched by sugar exporters slipped immediately as the currency started appreciating after November 2013.

As a consequence, the industry has been unable to utilize the entire export quota. On a ten-month basis, the quantity of sugar exports has already come down by 27 percent, whereas in dollar terms it has gone down by 36 percent.

Producers are now seeking a subsidy of Rs4 per kilogram so as to facilitate higher exports of the surplus amount. The industry also awaits the issuance of SRO 77, which allows for a reduction in FED and thereby provides a cushion of Rs3.5 per kg against rupee appreciation.

While the government chews on these demands, the bigger question that needs to be addressed is whether higher exports should be facilitated or not.

According to PSMA records, sugar production during last fiscal year stood at 5.03 million tonnes along with carryover stocks up to 1.3 million. With domestic demand for the year at 4.4 million, there was a surplus of about two million tonnes. Of this 1.2 million tonnes was allowed to be sold overseas under export quota, leaving a buffer of 0.8 million tonnes.

This year, however, an export quota of 0.5 million tonnes was approved by the ECC in September 2013 with half of the amount to be allowed till October 2013 and the remaining half thereafter. The move, assuming no further change in export quota or expected surplus of 1.17 million tonnes, will leave a buffer of 0.67 million tonnes-–a drop of 16 percent over last year’s buffer stocks.

With Ramzan around the corner, and the history of not-so-sugary sugar crisis in recent memory, the question is whether lower buffer would suffice?
Title: Re: Sugar Sector
Post by: SBM on June 10, 2014, 02:27:42 AM
The monsoon rainfall in India, the main source of irrigation for the nation’s 263 million farmers, will be below normal this year as an El Nino emerges, weakening prospects of crops from rice to soybeans and sugar and potentially boosting inflation.
Showers in the June-September season will be 93 percent of a 50-year average of 89 centimeters (35 inches), the state-run India Meteorological Department said on its website yesterday. That’s less than the 95 percent of the average predicted in Apr [...]


Read the full story   (http://www.bloomberg.com/news/2014-06-09/buffett-to-expand-energy-wager-as-far-as-the-eye-can-see.html)
Title: Re: Sugar Sector
Post by: ValueInvestor on June 10, 2014, 08:27:44 PM
H
Can you please make a page for; Shahtaj Sugar Mills Limited - SHJS.
Have you ever looked into this company?

Thank you.

Title: Re: Sugar Sector
Post by: ahmed499 on June 12, 2014, 10:52:28 PM
Ramadan time is coming and sugar price may increase to 75 rs per kg. I don't understand the price of sugar at 55 Rupees per kg when potato price is 60 Rupees per kg.
Title: Re: Sugar Sector
Post by: SBM on July 20, 2014, 04:52:10 AM
ECC extends sugar export deadline by four months
July 19, 2014 RECORDER REPORT 0 CommentsE-mailPrintPDF
The Economic Co-ordination Committee (ECC) of the Cabinet has extended the deadline for the export of sugar by four months. According to a notification issued by the Cabinet's ECC to sugar mills, the ECC after considering the summary of the Ministry of Commerce on the export of sugar has decided to extend deadline for the export of sugar from June 15 to October 31, 2014.

It further reported that the ECC has extended the shipment period for the export of sugar from 45 days to 90 days with retrospective effect (March 27, 2014) and also reduced the advance deposit from 25 to 15 per cent for the export of sugar with immediate effect. However, the export data showed that in last 11 months of last fiscal year, the sugar export was witnessed at 581, 080 metric tons as compared to the last year's exports of 948, 964 metric tons which meant a decline of 46.12 per cent in the same period of last year, as exporters are unwilling to export sugar due to the commodity's low rate of $466.20 per ton in the international market.

Meanwhile, reported yield of sugar in Sindh is 1.813 million tones with the record raise of 17 per cent from the last year's production of 1.54 million tones. Surplus stock of 0.15 million ton is stored in mills with a life of two years. The crushing season began on November 1, 2013 and ended in mid-April 2014, indicating a high yield of sugarcane this year. The production of sugar in Pakistan reached a new record of high production. The quantity of cane crushed in Pakistan was 54 million by 87 mills which is much higher than the last year's 50 million tones crushed by 86 mills.
Title: Re: Sugar Sector
Post by: ValueInvestor on July 20, 2014, 08:26:41 AM
ECC extends sugar export deadline by four months
July 19, 2014 RECORDER REPORT 0 CommentsE-mailPrintPDF
The Economic Co-ordination Committee (ECC) of the Cabinet has extended the deadline for the export of sugar by four months. According to a notification issued by the Cabinet's ECC to sugar mills, the ECC after considering the summary of the Ministry of Commerce on the export of sugar has decided to extend deadline for the export of sugar from June 15 to October 31, 2014.

It further reported that the ECC has extended the shipment period for the export of sugar from 45 days to 90 days with retrospective effect (March 27, 2014) and also reduced the advance deposit from 25 to 15 per cent for the export of sugar with immediate effect. However, the export data showed that in last 11 months of last fiscal year, the sugar export was witnessed at 581, 080 metric tons as compared to the last year's exports of 948, 964 metric tons which meant a decline of 46.12 per cent in the same period of last year, as exporters are unwilling to export sugar due to the commodity's low rate of $466.20 per ton in the international market.

Meanwhile, reported yield of sugar in Sindh is 1.813 million tones with the record raise of 17 per cent from the last year's production of 1.54 million tones. Surplus stock of 0.15 million ton is stored in mills with a life of two years. The crushing season began on November 1, 2013 and ended in mid-April 2014, indicating a high yield of sugarcane this year. The production of sugar in Pakistan reached a new record of high production. The quantity of cane crushed in Pakistan was 54 million by 87 mills which is much higher than the last year's 50 million tones crushed by 86 mills.

You sure are data hound.
Great Information.
Thank you.
Title: Re: Sugar Sector
Post by: jamalakhter on July 21, 2014, 12:36:48 AM
ECC extends sugar export deadline by four months
July 19, 2014 RECORDER REPORT 0 CommentsE-mailPrintPDF
The Economic Co-ordination Committee (ECC) of the Cabinet has extended the deadline for the export of sugar by four months. According to a notification issued by the Cabinet's ECC to sugar mills, the ECC after considering the summary of the Ministry of Commerce on the export of sugar has decided to extend deadline for the export of sugar from June 15 to October 31, 2014.

It further reported that the ECC has extended the shipment period for the export of sugar from 45 days to 90 days with retrospective effect (March 27, 2014) and also reduced the advance deposit from 25 to 15 per cent for the export of sugar with immediate effect. However, the export data showed that in last 11 months of last fiscal year, the sugar export was witnessed at 581, 080 metric tons as compared to the last year's exports of 948, 964 metric tons which meant a decline of 46.12 per cent in the same period of last year, as exporters are unwilling to export sugar due to the commodity's low rate of $466.20 per ton in the international market.

Meanwhile, reported yield of sugar in Sindh is 1.813 million tones with the record raise of 17 per cent from the last year's production of 1.54 million tones. Surplus stock of 0.15 million ton is stored in mills with a life of two years. The crushing season began on November 1, 2013 and ended in mid-April 2014, indicating a high yield of sugarcane this year. The production of sugar in Pakistan reached a new record of high production. The quantity of cane crushed in Pakistan was 54 million by 87 mills which is much higher than the last year's 50 million tones crushed by 86 mills.

You sure are data hound.
Great Information.
Thank you.
                                                               
                                                                             BUT PROFIT is earned through byproducts  of sugar .
 
Title: Re: Sugar Sector
Post by: SBM on July 21, 2014, 04:32:29 AM
ECC extends sugar export deadline by four months
July 19, 2014 RECORDER REPORT 0 CommentsE-mailPrintPDF
The Economic Co-ordination Committee (ECC) of the Cabinet has extended the deadline for the export of sugar by four months. According to a notification issued by the Cabinet's ECC to sugar mills, the ECC after considering the summary of the Ministry of Commerce on the export of sugar has decided to extend deadline for the export of sugar from June 15 to October 31, 2014.

It further reported that the ECC has extended the shipment period for the export of sugar from 45 days to 90 days with retrospective effect (March 27, 2014) and also reduced the advance deposit from 25 to 15 per cent for the export of sugar with immediate effect. However, the export data showed that in last 11 months of last fiscal year, the sugar export was witnessed at 581, 080 metric tons as compared to the last year's exports of 948, 964 metric tons which meant a decline of 46.12 per cent in the same period of last year, as exporters are unwilling to export sugar due to the commodity's low rate of $466.20 per ton in the international market.

Meanwhile, reported yield of sugar in Sindh is 1.813 million tones with the record raise of 17 per cent from the last year's production of 1.54 million tones. Surplus stock of 0.15 million ton is stored in mills with a life of two years. The crushing season began on November 1, 2013 and ended in mid-April 2014, indicating a high yield of sugarcane this year. The production of sugar in Pakistan reached a new record of high production. The quantity of cane crushed in Pakistan was 54 million by 87 mills which is much higher than the last year's 50 million tones crushed by 86 mills.

You sure are data hound.
Great Information.
Thank you.
                                                               
                                                                             BUT PROFIT is earned through byproducts  of sugar .

jee bilkul .. sari cheeni bait ul maal transfer kardi jaati hai ..
Title: Re: Sugar Sector
Post by: SBM on July 27, 2014, 05:39:42 AM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1206222:extension-in-deadline-sugar-export-posts-32867-percent-growth-in-june/?date=2014-07-26
Title: Re: Sugar Sector
Post by: SBM on August 03, 2014, 09:13:55 PM
http://tribune.com.pk/story/743088/sugar-mills-govt-refuses-power-purchase-deal-based-on-ipp-model/
Title: Re: Sugar Sector
Post by: MZ on August 18, 2014, 07:29:32 PM
Sugar Companies: Profits down 20% in 9MFY14

We received various investors' queries regarding listed sugar companies in last few days. Investors want to find out which companies are making profits but trading at lower multiples with relatively better management. Although not actively covered by us, in today's note we present Pakistan’s listed sugar industry performance in 9MFY14. Due to overall market correction, few stocks can be looked at as they trade at attractive multiples.

Sugar stocks underperformed in 9MFY14 by 25%

Since Oct 2013, sugar companies listed at Karachi exchange largely underperformed the benchmark KSE-100 Index as they posted total return of 7.6% versus 32.5% by benchmark index, thus underperforming by a massive 25%. Similarly, when compared to ‘Food Producers’ segment, sugar companies underperformed by 25%. In 2014 to date, sugar stocks have declined 4% as against KSE-100 return of 14%. We believe this decline seems partly justified as profits of the sector have been on the downward trajectory.

Profits fall due to 12% lower sales

In 9MFY14, earnings of profitable sugar companies dropped by 20%. For this note, we have analyzed 30 listed companies which represent 100% of the total sector capitalization. However, only 12 of the companies (85% of total market cap) continued to report profits.

Among the 12 profitable companies, SHSML (Shahmurad Sugar) posted an abnormal profitability growth of 624% followed by TSML (Tandlianwala Sugar) and MIRKS (Mirpurkhas Sugar) which posted profitability growth of 127% and 566%, respectively. However, all 9 other companies posted overall 31% decline in earnings including sector’s heavyweights like JDWS (JDW Sugar), MRNS (Mehran Sugar) and HABSM (Habib Sugar) which posted earnings decline of 34%, 9% and 38%, respectively.

During the period, revenues of profitable companies declined 12% to Rs73bn versus Rs83bn in 9M2013. However, 12% decline in cost of sales resulted in flat gross margins at 12%. On the other hand, bottom-line declined due to 24% increase in finance cost. In 3QFY14, net earnings of profitable sugar producers declined by 20%, mainly due to significant increase in finance cost by 31% to Rs1.7bn.

Outlook

Sugar Industry is affected by the policies of Govt. as well as the international and local price trends. Because of an oversupply position, sugar prices are currently depressed which has adversely affected profits. As per PBS (Pakistan Bureau of Statistics), FY14 volumetric sugar exports stood at 0.64mn tons (vs. FY13 0.93mn tons) while average export price stood at Rs47/kg (Rs55/kg in FY13).

Now, Govt. has extended some relaxations in shape of extending shipment period from 45 to 90 days and reducing advance deposit from 25% to 15% while domestic prices have increased slightly. Though, this would help neutralizing oversupply situation in the country, however, the Govt. controlled prices may continue to keep sugar industry margins under pressure.

topline
Title: Re: Sugar Sector
Post by: SBM on August 21, 2014, 04:13:35 AM
many mills are entering into power market by getting licenses from nepra for bagasse based generation. Most mills are just going to sell extra power generated by their old (sometimes 30+ year old) boilers &turbines, while others are investing in high pressure boilers which may generated significant earnings for the companies. Someone should look into it, am sure there must be some gems.
Title: Re: Sugar Sector
Post by: Just Another Guy on August 21, 2014, 08:49:25 AM
many mills are entering into power market by getting licenses from nepra for bagasse based generation. Most mills are just going to sell extra power generated by their old (sometimes 30+ year old) boilers &turbines, while others are investing in high pressure boilers which may generated significant earnings for the companies. Someone should look into it, am sure there must be some gems.

sugar sector will have disastrous results of this and/or next quarter due to sharp fall in sugar prices in an already margin squeezed market. stay clear of all sugar stocks for now! the fall is due to abundance of supply and a general sell off in commodities due to dollar strength. however, this fall should be temporary and i expect a bounce back in not too distance future. but please note that agriculture markets are tough to predict....so inherent risks are higher.
Title: Re: Sugar Sector
Post by: jamalakhter on August 21, 2014, 10:59:47 PM
many mills are entering into power market by getting licenses from nepra for bagasse based generation. Most mills are just going to sell extra power generated by their old (sometimes 30+ year old) boilers &turbines, while others are investing in high pressure boilers which may generated significant earnings for the companies. Someone should look into it, am sure there must be some gems.

sugar sector will have disastrous results of this and/or next quarter due to sharp fall in sugar prices in an already margin squeezed market. stay clear of all sugar stocks for now! the fall is due to abundance of supply and a general sell off in commodities due to dollar strength. however, this fall should be temporary and i expect a bounce back in not too distance future. but please note that agriculture markets are tough to predict....so inherent risks are higher.
             
                  can anyone tell me some thing about CSUML ibought 30 k at the rate of 7
Title: Re: Sugar Sector
Post by: SBM on August 22, 2014, 12:49:51 AM
many mills are entering into power market by getting licenses from nepra for bagasse based generation. Most mills are just going to sell extra power generated by their old (sometimes 30+ year old) boilers &turbines, while others are investing in high pressure boilers which may generated significant earnings for the companies. Someone should look into it, am sure there must be some gems.

sugar sector will have disastrous results of this and/or next quarter due to sharp fall in sugar prices in an already margin squeezed market. stay clear of all sugar stocks for now! the fall is due to abundance of supply and a general sell off in commodities due to dollar strength. however, this fall should be temporary and i expect a bounce back in not too distance future. but please note that agriculture markets are tough to predict....so inherent risks are higher.

you are a few quarters behind regd your view on sugar prices :)
but anyway, that was my point exactly.  The added revenue from electricity sale will stabilize profits and can make some very interesting investments.
Title: Re: Sugar Sector
Post by: Just Another Guy on August 22, 2014, 01:06:51 PM
many mills are entering into power market by getting licenses from nepra for bagasse based generation. Most mills are just going to sell extra power generated by their old (sometimes 30+ year old) boilers &turbines, while others are investing in high pressure boilers which may generated significant earnings for the companies. Someone should look into it, am sure there must be some gems.

sugar sector will have disastrous results of this and/or next quarter due to sharp fall in sugar prices in an already margin squeezed market. stay clear of all sugar stocks for now! the fall is due to abundance of supply and a general sell off in commodities due to dollar strength. however, this fall should be temporary and i expect a bounce back in not too distance future. but please note that agriculture markets are tough to predict....so inherent risks are higher.

you are a few quarters behind regd your view on sugar prices :)
but anyway, that was my point exactly.  The added revenue from electricity sale will stabilize profits and can make some very interesting investments.

sugar price were low yet the efficient mills were still making some money but lately they have broken all support and gone even lower and this has happened in past couple of months. I think even the most efficient producers will hardly make money or would lose infact if such prices prevail so i am not off :)
Title: Re: Sugar Sector
Post by: SBM on September 01, 2014, 12:22:59 PM
many mills are entering into power market by getting licenses from nepra for bagasse based generation. Most mills are just going to sell extra power generated by their old (sometimes 30+ year old) boilers &turbines, while others are investing in high pressure boilers which may generated significant earnings for the companies. Someone should look into it, am sure there must be some gems.

nepra clarification regd upfront tariff: available only for new boilers rated 60bars or above, coal not allowed, but any biofuel can be used
Bagasse price for linked with s.african Richard bay coal price
Title: Re: Sugar Sector
Post by: SBM on September 14, 2014, 02:07:51 PM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1223748:sugarcane-crop-government-urged-to-announce-new-support-price/?date=2014-09-14

They are asking for 250 per maund  :laugh:
Title: Re: Sugar Sector
Post by: SBM on October 29, 2014, 11:40:14 AM
http://epaper.dawn.com/DetailNews.php?StoryText=29_10_2014_010_002

cane price set at 182/40kg  v 172 for the last two years in sindh
Title: Re: Sugar Sector
Post by: SBM on November 12, 2014, 06:19:37 PM
The government is likely to allow the export of 0.5 million tons of sugar and impose a 25 percent Regulatory Duty (RD) on import aimed at helping out sugar industry purportedly facing a financial crisis, well informed sources in Commerce Ministry told Business Recorder. The sources said Commerce Ministry has prepared a summary for the Economic Co-ordination Committee (ECC) of the Cabinet to be discussed in its forthcoming meeting on the instructions of Finance Minister Ishaq Dar.

On November 1, 2014, a delegation of Pakistan Sugar Mills Association (PSMA) met the Finance Minister and sought his help to resolve issues facing the sugar industry. According to sources, the delegation claimed that due to a surplus stock of sugar to the tune of 1.2 million tons, the industry had no other option but to export sugar to avoid incurring losses and ensure payments to sugarcane growers. Sugar industry requested that a regulatory duty on import of sugar should also be levied to help the domestic industry. The delegation also drew Finance Minister's attention to the clearance of TDAP-related cases.

The sources said the Finance Minister assured the sugar industry that their issues would be given due consideration. He entrusted the Ministry of Commerce with the task of preparing and submitting a summary to the ECC that would consist of genuine demands of Pakistan Sugar Mills Association. The Finance Minister also assured the sugar industry that an appropriate decision regarding permission to sugar mills for the export of sugar as well as other issues would be taken by the ECC. "We have collected all the essential details of statistics to support the summary at the ECC level," the sources maintaine
Title: Re: Sugar Sector
Post by: Ummair on November 12, 2014, 07:15:07 PM
Respected,

Suggestion on JDWS sugar.

Thanks,
Title: Re: Sugar Sector
Post by: SBM on November 13, 2014, 04:12:23 PM
Economic Co-ordination Committee (ECC) of the Cabinet headed by Finance Minister Ishaq Dar has allowed export of surplus sugar to the tune of 0.5 million tons and imposed a 20 per cent Regulatory Duty (RD) on summary moved by the Ministry of Commerce. Well-informed sources told Business Recorder that Commerce Minister, Engineer Khurram Dastgir supported, albeit reluctantly, the summary under pressure from Ishaq Dar.

Commerce Ministry while tailoring the summary shifted the responsibility on Ministry of Industries and Production (MoI&P), saying that the proposal of exports was floated by the latter. The ECC has set a condition that exports be made against irrevocable letter of credit or a firm contract with 15% non-refundable advance payment. Shipments be made within 45 days of the registration of contract; non-refundable advance payment shall be forfeited in favour of GoP in case of non-performance. Further, the quota as allocated must be exported by March 31, 2015. Commerce Ministry had suggested the deadline for export of quota by March 30, 2015.

Commerce Ministry in its summary had suggested that the statutory rate of customs duty of 25 percent may be restored by deleting sugar (1701.1300.991) from part III of Fifth Schedule to the Custom Act 1969. However, the ECC approved imposition of a 20% regulatory duty on import of sugar. ECC also gave permission for exports by land route in dollar terms to Afghanistan and beyond with a view to incentivizing exports.

ECC while according approval to export of surplus sugar called upon the provincial governments concerned to ensure that mill owners pay all the dues to the sugarcane growers and that sugarcane crushing starts on time. According to the summary, Pakistan Sugar Mills Association (PSMA) reported production of sugar in excess of domestic requirement 2013-14 and requested that sugar mills be allowed to export the surplus stocks. Dar chaired a meeting on November 1, 2014 to discuss the matter. On his directions, an inter-ministerial meeting was convened on November 6, 2014 by the Ministry of Commerce. The meeting was attended by the Secretary Industries and Production, Additional Secretary National Food Security & Research and Chairman Pakistan Sugar Mills Association.

Ministry of Industries and Production reported that as of November 6, 2014, 1.5 million tons of sugar stocks are available. Based on average sugar consumption of 0.39 million tons per month, 0.8 million tons sugar would be required till the end of December 2014
Title: Re: Sugar Sector
Post by: Pansota on November 13, 2014, 10:07:51 PM
NEW YORK—Sugar prices rose to the highest level in more than two weeks on Wednesday after the International Sugar Organization cut its estimate for this season’s global glut of the sweetener.

The London-based group said production will outpace sugar demand by 473,000 metric tons in the year that began Oct. 1, down 64% from its previous estimate of a 1.3 million-ton supply surplus. The ISO said it expects poor weather conditions to lead to lower production in the current year, but sugar output would likely rebound in 2015-16.

Raw sugar for March delivery rose 0.8% to 16.36 cents a pound, the highest settlement for the most actively traded sugar contract on the ICE Futures U.S. exchange since Oct. 24.

http://online.wsj.com/articles/raw-sugar-futures-hit-2-1-2-week-high-on-output-forecast-1415828185
Title: Re: Sugar Sector
Post by: SBM on November 14, 2014, 12:10:35 AM
nothing much in sugar prices itself ..

due to strong dollar and weak real, you can expect more sugar production in brazil as they are getting good rates in local currency.
Low oil = low gasoline = lower ethanol ...

key for pakistan sugar mills is approval of power projects by nepra .. To date i think only listed company with a generation license under new tariff is jdw ...
Title: Re: Sugar Sector
Post by: Pansota on November 14, 2014, 01:38:52 AM
nothing much in sugar prices itself ..

due to strong dollar and weak real, you can expect more sugar production in brazil as they are getting good rates in local currency.
Low oil = low gasoline = lower ethanol ...

key for pakistan sugar mills is approval of power projects by nepra .. To date i think only listed company with a generation license under new tariff is jdw ...

What about Fatima Energy?
Title: Re: Sugar Sector
Post by: Pansota on November 14, 2014, 01:39:31 AM
nothing much in sugar prices itself ..

due to strong dollar and weak real, you can expect more sugar production in brazil as they are getting good rates in local currency.
Low oil = low gasoline = lower ethanol ...

key for pakistan sugar mills is approval of power projects by nepra .. To date i think only listed company with a generation license under new tariff is jdw ...



through FZCM, REWM etc
Title: Re: Sugar Sector
Post by: Salammembers on November 14, 2014, 11:12:52 PM
sirf batain karnee haay ya kuch action b hoo Ga :console:
any promising scrip in sugar sector joo mouth forun sweet kaar
daay :thanks:
Title: Re: Sugar Sector
Post by: SBM on November 14, 2014, 11:42:13 PM
sirf batain karnee haay ya kuch action b hoo Ga :console:
any promising scrip in sugar sector joo mouth forun sweet kaar
daay :thanks:

filhal working on it and accumulating :P
Title: Re: Sugar Sector
Post by: Salammembers on November 14, 2014, 11:45:03 PM
sirf batain karnee haay ya kuch action b hoo Ga :console:
any promising scrip in sugar sector joo mouth forun sweet kaar
daay :thanks:

filhal working on it and accumulating :P

kio wounds paar salt daltaay hoooo :crying_anim02: :crying_anim02: :crying_anim02:
Title: Re: Sugar Sector
Post by: umair vohra on January 16, 2015, 10:51:55 AM
bht khamoshi hai is sector mai :D
Title: Re: Sugar Sector
Post by: SBM on January 16, 2015, 03:07:10 PM
bht khamoshi hai is sector mai :D

low sugar & low ethanol price hurting sector ...
Title: Re: Sugar Sector
Post by: umair vohra on January 17, 2015, 11:21:32 AM
bht khamoshi hai is sector mai :D

low sugar & low ethanol price hurting sector ...

mehran, mirpur ki to lagne chahyeh.
Title: Re: Sugar Sector
Post by: rehman11 on January 17, 2015, 07:06:42 PM
kounsa share lena chahye is sector main?
Title: Re: Sugar Sector
Post by: Salammembers on May 28, 2015, 10:57:51 AM
kounsa share lena chahye is sector main?
alnrs last quarter eps above Rs 22 though cheeni sale lower :skeptic:
SBM ka case lagta haay :thanks:
Title: Re: Sugar Sector
Post by: SBM on June 18, 2015, 11:22:04 AM
100 percent RD imposed on import of sugar

June 18, 2015 MUSHTAQ GHUMMAN0 CommentsE-mailPrintPDF
Economic Co-ordination Committee (ECC) of the Cabinet on Wednesday increased Regulatory Duty (RD) by 100 per cent (from 20 per cent to 40 per cent) on import of sugar in response to a summary of Commerce Ministry. Commerce Ministry is already facing an inquiry in the National Accountability Bureau (NAB) with regard to incentives given to sugar mills on export of sugar a few years back.

According to an official statement, the Finance Minister while according the approval made the observation that concerned ministries/authorities must keep an eye on the price trend of both the commodities in the market. He also called upon sugar millers to clear dues of the sugarcane farmers on priority basis. The ECC also allowed enhancement in regulatory duty on the import of wheat from 25% to 40% on a summary moved by the Ministry of National Food Security and Research. The decision for increase in duty has been taken in line with a demand of farmers' community and availability of abundant stocks of these commodities in the countr
Title: Re: Sugar Sector
Post by: Abid70 on June 20, 2015, 10:33:27 AM
100 percent RD imposed on import of sugar

June 18, 2015 MUSHTAQ GHUMMAN0 CommentsE-mailPrintPDF
Economic Co-ordination Committee (ECC) of the Cabinet on Wednesday increased Regulatory Duty (RD) by 100 per cent (from 20 per cent to 40 per cent) on import of sugar in response to a summary of Commerce Ministry. Commerce Ministry is already facing an inquiry in the National Accountability Bureau (NAB) with regard to incentives given to sugar mills on export of sugar a few years back.

According to an official statement, the Finance Minister while according the approval made the observation that concerned ministries/authorities must keep an eye on the price trend of both the commodities in the market. He also called upon sugar millers to clear dues of the sugarcane farmers on priority basis. The ECC also allowed enhancement in regulatory duty on the import of wheat from 25% to 40% on a summary moved by the Ministry of National Food Security and Research. The decision for increase in duty has been taken in line with a demand of farmers' community and availability of abundant stocks of these commodities in the countr

SBM Bhai, what will be impact on sugars and suggest some sugar stock for medium terms.
Kind regards.
Title: Re: Sugar Sector
Post by: Alpha on June 20, 2015, 05:11:33 PM
100 percent RD imposed on import of sugar

June 18, 2015 MUSHTAQ GHUMMAN0 CommentsE-mailPrintPDF
Economic Co-ordination Committee (ECC) of the Cabinet on Wednesday increased Regulatory Duty (RD) by 100 per cent (from 20 per cent to 40 per cent) on import of sugar in response to a summary of Commerce Ministry. Commerce Ministry is already facing an inquiry in the National Accountability Bureau (NAB) with regard to incentives given to sugar mills on export of sugar a few years back.

According to an official statement, the Finance Minister while according the approval made the observation that concerned ministries/authorities must keep an eye on the price trend of both the commodities in the market. He also called upon sugar millers to clear dues of the sugarcane farmers on priority basis. The ECC also allowed enhancement in regulatory duty on the import of wheat from 25% to 40% on a summary moved by the Ministry of National Food Security and Research. The decision for increase in duty has been taken in line with a demand of farmers' community and availability of abundant stocks of these commodities in the countr

SBM Bhai, what will be impact on sugars and suggest some sugar stock for medium terms.
Kind regards.

Ab dair ho gai hai bhai
Title: Re: Sugar Sector
Post by: SBM on June 20, 2015, 05:25:05 PM
100 percent RD imposed on import of sugar

June 18, 2015 MUSHTAQ GHUMMAN0 CommentsE-mailPrintPDF
Economic Co-ordination Committee (ECC) of the Cabinet on Wednesday increased Regulatory Duty (RD) by 100 per cent (from 20 per cent to 40 per cent) on import of sugar in response to a summary of Commerce Ministry. Commerce Ministry is already facing an inquiry in the National Accountability Bureau (NAB) with regard to incentives given to sugar mills on export of sugar a few years back.

According to an official statement, the Finance Minister while according the approval made the observation that concerned ministries/authorities must keep an eye on the price trend of both the commodities in the market. He also called upon sugar millers to clear dues of the sugarcane farmers on priority basis. The ECC also allowed enhancement in regulatory duty on the import of wheat from 25% to 40% on a summary moved by the Ministry of National Food Security and Research. The decision for increase in duty has been taken in line with a demand of farmers' community and availability of abundant stocks of these commodities in the countr

SBM Bhai, what will be impact on sugars and suggest some sugar stock for medium terms.
Kind regards.

Ab dair ho gai hai bhai

Bought chas and alnrs few days ago
Title: Re: Sugar Sector
Post by: pisces75 on June 20, 2015, 05:53:42 PM
SBM bhai plz yeh bata dain k  alnrs ko kis rate par sale karna chahye,
Title: Re: Sugar Sector
Post by: sAr on June 21, 2015, 12:24:01 AM
100 percent RD imposed on import of sugar

June 18, 2015 MUSHTAQ GHUMMAN0 CommentsE-mailPrintPDF
Economic Co-ordination Committee (ECC) of the Cabinet on Wednesday increased Regulatory Duty (RD) by 100 per cent (from 20 per cent to 40 per cent) on import of sugar in response to a summary of Commerce Ministry. Commerce Ministry is already facing an inquiry in the National Accountability Bureau (NAB) with regard to incentives given to sugar mills on export of sugar a few years back.

According to an official statement, the Finance Minister while according the approval made the observation that concerned ministries/authorities must keep an eye on the price trend of both the commodities in the market. He also called upon sugar millers to clear dues of the sugarcane farmers on priority basis. The ECC also allowed enhancement in regulatory duty on the import of wheat from 25% to 40% on a summary moved by the Ministry of National Food Security and Research. The decision for increase in duty has been taken in line with a demand of farmers' community and availability of abundant stocks of these commodities in the countr

SBM Bhai, what will be impact on sugars and suggest some sugar stock for medium terms.
Kind regards.

Ab dair ho gai hai bhai

Bought chas and alnrs few days ago

sbm did you go through ALNRS march results? how did they managed to have so low COGS?
Title: Re: Sugar Sector
Post by: SBM on June 24, 2015, 04:04:46 AM
 http://tribune.com.pk/story/908575/sugar-import-ecc-brushes-aside-price-rise-fears-while-increasing-duty/

Earlier in the May 21 meeting, the ECC noted that the retail price of sugar was Rs55 to Rs58 per kg but the cartel of millers quoted an average price of Rs60.40 per kg in response to tenders floated for the commodity’s sale to the Utility Stores Corporation (USC).

 :dance
Title: Re: Sugar Sector
Post by: SBM on July 06, 2015, 11:01:56 AM
http://www.brecorder.com/agriculture-a-allied/183:pakistan/1204058:nab-authorises-inquiry-against-akhtar-brothers/?date=2015-07-05
Title: Re: Sugar Sector
Post by: sAr on August 27, 2015, 01:20:24 PM
El Nino aa nahi raha, El Nino aa gaya

There is a greater than 90% chance that El Niño will continue through Northern Hemisphere winter 2015-16, and around an 85% chance it will last into early spring 2016.

http://www.cpc.ncep.noaa.gov/products/analysis_monitoring/enso_advisory/ensodisc.html (http://www.cpc.ncep.noaa.gov/products/analysis_monitoring/enso_advisory/ensodisc.html)

Advent of El Nino means dry conditions in India and South East Asia which may hurt Sugar Crop. A decline in Indian Sugar may prop up the Sugar prices in 2016 :fingerscrossed1:
Title: Re: Sugar Sector
Post by: sAr on September 03, 2015, 10:05:50 AM
http://www.ft.com/cms/s/0/ad90b110-515e-11e5-b029-b9d50a74fd14.html (http://www.ft.com/cms/s/0/ad90b110-515e-11e5-b029-b9d50a74fd14.html)

The lack of rain has been acute in the sugar producing states of Maharashtra and Uttar Pradesh, with the deficit closer to 30-40 per cent
 “This is increasingly casting doubt on the production potential of the 2015-16 crop but more acutely on the 2016-17 season as dry conditions are expected to curb plantings, while germination rates may also be influenced

The full effects of the phenomenon on commodity prices are expected to come to the fore over the next year, say analysts. “You have to go through an entire crop cycle to see an impact as El Niño peaks around November-December,”
Title: Re: Sugar Sector
Post by: SBM on December 10, 2015, 10:40:35 AM

Pakistan will export 500,000 tonnes of sugar with a subsidy of PkR13, 000 per ton, a first tranche of 200,000 tonnes can be exported this calendar year while the cut-off date for the total amount will be March 31, 2016 and Pakistan has set a minimum export price of US$450 per ton for sales. (BR)
Title: Re: Sugar Sector
Post by: shaalim on December 10, 2015, 11:51:42 AM

Pakistan will export 500,000 tonnes of sugar with a subsidy of PkR13, 000 per ton, a first tranche of 200,000 tonnes can be exported this calendar year while the cut-off date for the total amount will be March 31, 2016 and Pakistan has set a minimum export price of US$450 per ton for sales. (BR)

Subsidy on export? :ohmy:
Title: Re: Sugar Sector
Post by: JF on December 10, 2015, 01:28:25 PM
Minimum $450 ton for Afghanistan and other Asian countries

http://nation.com.pk/business/08-Dec-2015/ecc-allows-export-of-0-5m-metric-tonnes-of-sugar
Title: Re: Sugar Sector
Post by: Just Another Guy on December 10, 2015, 02:29:43 PM
Minimum $450 ton for Afghanistan and other Asian countries

http://nation.com.pk/business/08-Dec-2015/ecc-allows-export-of-0-5m-metric-tonnes-of-sugar

SBM kya kaha tha? :p
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 12, 2015, 10:50:32 PM
one should focus on sugar sector
FRSM result ll set the tone appreciated 66 to 84 in no time but so many shares yet to perform
Title: Re: Sugar Sector
Post by: Azmiyz on December 13, 2015, 12:37:03 PM
Umer bhai,

which Sugar symbols can be valuable in short term?
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 13, 2015, 01:06:34 PM
Umer bhai,

which Sugar symbols can be valuable in short term?

Faran Sugar board meeting result ll set the tone which is on 17 december Good result ll really boost the sentiments ........... December end Start-Mid of January is Sugar sector performance time
Alnoor sugar ............ current rate se neechay accumulation banti hai
Chashma Sugar................. current rate se neechay accumulation banti hai
Ansari sugar ........................ current rate se thora sa neechay accumulation banti hai

Title: Re: Sugar Sector
Post by: Omer The Researcher on December 14, 2015, 12:06:53 PM
accumulated more alnoor sugar at lower rates
Title: Re: Sugar Sector
Post by: SMF-M on December 14, 2015, 12:34:34 PM
Omer bhai Ansari ko mazeed consolidate krna chaiye? I want to buy close to 9.5. koe sell hi nae kr rha  :down:
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 14, 2015, 12:50:59 PM
Omer bhai Ansari ko mazeed consolidate krna chaiye? I want to buy close to 9.5. koe sell hi nae kr rha  :down:

jab tak board meeting announce nahi hoti it ll stay in consolidation region
try to buy around 8.80 ----9.20 seller desperate ho k de de ga
expecting 4.50 to 5.25 EPS Insha Allah
Title: Re: Sugar Sector
Post by: SMF-M on December 15, 2015, 07:26:31 PM
Ansari ko 9.10 - 9.20 pe buy krne ki koshhish kr rha hu, today it was about to close at 9.60 someone bought 500 shares at 9.82 in last 30 seconds, gandi closing krwadi warna kal 9.2 pe aram se de deta seller.
Title: Re: Sugar Sector
Post by: SMF-M on December 17, 2015, 03:33:28 PM
Omer bhai Faran sugar ka result kb tk aega today? and still no luck with ANSM, buyer keeps buying above 9.5 not allowing seller to sell around 9.0 - 9.2
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 17, 2015, 03:37:45 PM
Omer bhai Faran sugar ka result kb tk aega today? and still no luck with ANSM, buyer keeps buying above 9.5 not allowing seller to sell around 9.0 - 9.2

Kal morning mein ayay ga
Title: Re: Sugar Sector
Post by: aqadir92 on December 17, 2015, 10:56:11 PM
Faran sugar ka result any pridctn :confused1:
Title: Re: Sugar Sector
Post by: JAWAD on December 17, 2015, 11:16:33 PM
Umer bhai,

which Sugar symbols can be valuable in short term?

Faran Sugar board meeting result ll set the tone which is on 17 december Good result ll really boost the sentiments ........... December end Start-Mid of January is Sugar sector performance time
Alnoor sugar ............ current rate se neechay accumulation banti hai
Chashma Sugar................. current rate se neechay accumulation banti hai
Ansari sugar ........................ current rate se thora sa neechay accumulation banti hai

Omer bhai kia alnoor ki current rate pay buy banti ha ...? And kia result expected ha ...?
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 18, 2015, 09:43:49 AM
alnoor ideally 60 k around buy banti hai per according to situation u can vary
and frsm nice result though I was expecting 13 + EPS
Title: Re: Sugar Sector
Post by: SBM on December 19, 2015, 01:56:09 PM
alnoor ideally 60 k around buy banti hai per according to situation u can vary
and frsm nice result though I was expecting 13 + EPS

what eps are u expecating from alrns
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 19, 2015, 02:07:08 PM
alnoor ideally 60 k around buy banti hai per according to situation u can vary
and frsm nice result though I was expecting 13 + EPS

what eps are u expecating from alrns

This company is such a game so m expecting two type of EPS
its very funny but one estimate is 12-14
other estimate is 1.50 to 2
Title: Re: Sugar Sector
Post by: SBM on December 19, 2015, 02:13:32 PM
alnoor ideally 60 k around buy banti hai per according to situation u can vary
and frsm nice result though I was expecting 13 + EPS

what eps are u expecating from alrns

This company is such a game so m expecting two type of EPS
its very funny but one estimate is 12-14
other estimate is 1.50 to 2

bhai yeh kia hai .. marwadu gay :P agar 1-2 keh chances hai tu i am selling out
Title: Re: Sugar Sector
Post by: Zamid on December 19, 2015, 02:16:02 PM
alnoor ideally 60 k around buy banti hai per according to situation u can vary
and frsm nice result though I was expecting 13 + EPS

what eps are u expecating from alrns

This company is such a game so m expecting two type of EPS
its very funny but one estimate is 12-14
other estimate is 1.50 to 2
Expecting 1.75 - 1.95
Div 10% and Bonus 5%  :s1:
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 19, 2015, 02:20:02 PM
alnoor ideally 60 k around buy banti hai per according to situation u can vary
and frsm nice result though I was expecting 13 + EPS

what eps are u expecating from alrns

This company is such a game so m expecting two type of EPS
its very funny but one estimate is 12-14
other estimate is 1.50 to 2

bhai yeh kia hai .. marwadu gay :P agar 1-2 keh chances hai tu i am selling out

totally up to u is liye tou kehta hon 60 se uper ki buy nahi banti :) it can hit any of above EPS target ....actually ek bohat bari game hain ye
2010 aur 2014 k annual accounts ghor se dekhen zara U ll be able to find that game
Title: Re: Sugar Sector
Post by: Malik1 on December 19, 2015, 11:04:03 PM
Yaar koi Shakarganj Mills ka bhi bats do board meeting delay ho gai hai kiya scene ho sakta hai.. Inka sugar business iss baar bhi loss hi deyga?
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 21, 2015, 03:03:49 PM
Omer bhai Ansari ko mazeed consolidate krna chaiye? I want to buy close to 9.5. koe sell hi nae kr rha  :down:

jab tak board meeting announce nahi hoti it ll stay in consolidation region
try to buy around 8.80 ----9.20 seller desperate ho k de de ga
expecting 4.50 to 5.25 EPS Insha Allah

ANSM in action
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 22, 2015, 11:57:31 AM
Omer bhai Ansari ko mazeed consolidate krna chaiye? I want to buy close to 9.5. koe sell hi nae kr rha  :down:

jab tak board meeting announce nahi hoti it ll stay in consolidation region
try to buy around 8.80 ----9.20 seller desperate ho k de de ga
expecting 4.50 to 5.25 EPS Insha Allah

ANSM in action
Bang Bang Bang :P
Alhamdulilah :)
Title: Re: Sugar Sector
Post by: SBM on December 22, 2015, 02:21:49 PM
http://tribune.com.pk/story/1014076/power-generation-nine-companies-sugar-mills-get-letters-of-intent/
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 23, 2015, 09:59:23 AM
Omer bhai Ansari ko mazeed consolidate krna chaiye? I want to buy close to 9.5. koe sell hi nae kr rha  :down:

jab tak board meeting announce nahi hoti it ll stay in consolidation region
try to buy around 8.80 ----9.20 seller desperate ho k de de ga
expecting 4.50 to 5.25 EPS Insha Allah

ANSM in action
Bang Bang Bang :P
Alhamdulilah :)

Masha Allah going towards target
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 28, 2015, 11:43:10 AM
ANSM

Alhamdulilah
Title: Re: Sugar Sector
Post by: Omer The Researcher on December 28, 2015, 04:17:01 PM
ANSM

Alhamdulilah

kal m thinking to SELL
Title: Re: Sugar Sector
Post by: aftab6274974 on January 10, 2016, 12:45:29 AM
http://www.samaa.tv/economy/2016/01/sugar-price-rises-by-rs8-a-kilo-in-lahore/
http://dunyanews.tv/en/Business/316888-Sugar-price-sees-Rs-5-hike-in-Karachi-in-last-two-
Title: Re: Sugar Sector
Post by: aftab6274974 on January 10, 2016, 12:52:48 AM
http://www.business-standard.com/article/pti-stories/sugar-price-increased-in-commodities-market-116010900166_1.html
Title: Re: Sugar Sector
Post by: sarmad26 on May 11, 2016, 08:43:26 PM
Sugar prices are increasing world wide. Any impact on local market? or any preferred scrip?
Title: Re: Sugar Sector
Post by: SBM on July 26, 2016, 03:59:08 PM
http://www.brecorder.com/top-stories/0:/68858:sugar-mills-sc-endorses-punjab-government-ban/?date=2016-07-26
Title: Re: Sugar Sector
Post by: SBM on October 08, 2016, 12:02:32 PM
http://epaper.dawn.com/DetailImage.php?StoryImage=08_10_2016_119_003
Title: Re: Sugar Sector
Post by: A.W.Shaikh on October 22, 2016, 07:15:27 PM
Any information about Abdullah Shah Ghazi Sugar. Any tips for that?
Title: Re: Sugar Sector
Post by: SBM on November 15, 2016, 02:37:23 PM
(http://puu.sh/siTA5/9982d18956.png)
Title: Re: Sugar Sector
Post by: sabir.hussain on December 13, 2016, 06:14:07 PM
Pura sector thuss hay huhu
Title: Re: Sugar Sector
Post by: Zamid on December 13, 2016, 07:31:03 PM
Pura sector thuss hay huhu
   huhu huhu huhu
Title: Re: Sugar Sector
Post by: invincible on December 22, 2016, 11:25:37 AM
On what multiples this sector is being traded?
Title: Re: Sugar Sector
Post by: HasanZaheer on December 22, 2016, 01:00:05 PM
On what multiples this sector is being traded?

PE ratio of 13.02
PEF ratio 21.50
Price to BV 1.67
Div Yield of 5%

Average of the whole sector.
Title: Re: Sugar Sector
Post by: invincible on December 22, 2016, 01:19:56 PM
On what multiples this sector is being traded?

PE ratio of 13.02
PEF ratio 21.50
Price to BV 1.67
Div Yield of 5%

Average of the whole sector.


Thanks
Title: Re: Sugar Sector
Post by: sabir.hussain on January 05, 2017, 03:33:04 PM
 huhu huhu huhu huhu
Title: Re: Sugar Sector
Post by: faizanfarooq2002 on January 05, 2017, 04:55:48 PM
Sara sugar sector down kyoun tha... any reason.......
ye kab up hoga.
Please senior suggest.......
Title: Re: Sugar Sector
Post by: rashid.Maria on January 05, 2017, 05:46:04 PM
Sara sugar sector down kyoun tha... any reason.......
ye kab up hoga.
Please senior suggest.......
[/quo

Adam LL Noon sugar LL  huhu huhu
Title: Re: Sugar Sector
Post by: bilalghani86 on January 05, 2017, 06:21:57 PM
Sara sugar sector down kyoun tha... any reason.......
ye kab up hoga.
Please senior suggest.......
[/quo

Adam LL Noon sugar LL  huhu huhu

Despite of good annual results from many companies, sugar sector is going down n down.   :thumbsdown_anim:
Title: Re: Sugar Sector
Post by: aleeimran on January 07, 2017, 12:12:56 AM
Sugar prices continue to rise despite surplus stock
KARACHI: The price of sugar has continued to edge higher despite huge stocks. The wholesale price of sugar, which was Rs57 a kilogram when sugarcane crushing began in November 2016, has now risen to Rs62 per kg.
Title: Re: Sugar Sector
Post by: ValueInvestor on January 20, 2017, 09:35:42 AM
6 Sugar Mills on Upper Lock ? ! ? !
Title: Re: Sugar Sector
Post by: SBM on January 25, 2017, 11:25:32 PM
http://tribune.com.pk/story/1306731/coca-cola-plans-200m-investment-pakistan/
Title: Re: Sugar Sector
Post by: optimistic on February 01, 2017, 04:12:51 PM
Husein Sugar Mills (HSM)- Expansion project from present 7,000 TCD capacity to 15,000 TCD in 2 years, The company already started expansion project and there is 233 million amount of CWIP as of Sept 2016. An added operational advantage for the company during the current season is that a Haseeb Waqas Sugar Mill (HWQS) having capacity of 12,000 TCD, which was so far sharing the sugarcane crop of the area with the Company, has shifted to southern Punjab and thus the quantity of sugarcane available to the company is much more than in the preceding seasons and this additional opportunity is also going to help the Company to turn around.

In order to avail the benefits of the economies of scale and, the availability of abundant quantity of sugarcane due to shifting of a 12,000 TCD mill from the area, the Company is planning to increase its crushing capacity to 15,000 TCD in next two years phasing out as 12,000 TCD next year and 15,000 TCD in next two years.

Refer to Annual Report Sept 2016 Note no. 1.2
Title: Re: Sugar Sector
Post by: sAr on February 13, 2017, 02:31:28 PM
Bearish Sugar? Here Are 6 Things That May Spoil the Surplus

1- Less than a year after the end of one of the strongest El Ninos on record, bringing dry weather and havoc to crops in Asia, meteorologists are already forecasting its return

2- Water is still a problem in Maharashtra so production may not rebound in this part of the country

3- Trump is seeking a review of the North American Free Trade Agreement, which allows Mexican sugar to flow into the U.S. In the long term, this uncertainty could reduce incentives for Mexican growers to keep producing

4- Chinese imports could surprise to the upside. The nation already surprised traders last year, bringing in 3.7 million tons of white sugar

5- the currency in the world’s largest producer Brazil is getting stronger, potentially reducing the incentive for millers to sell. and raising the price level at which they favor ethanol over sugar production

6- Traders are counting on a rebound in European Union production as a system of quotas end on Sept. 30. However, beets that will be planted for next season aren’t even in the ground yet

https://www.bloomberg.com/news/articles/2017-02-12/bearish-sugar-here-are-six-things-that-may-spoil-the-surplus (https://www.bloomberg.com/news/articles/2017-02-12/bearish-sugar-here-are-six-things-that-may-spoil-the-surplus)
Title: Re: Sugar Sector
Post by: ak_share on February 14, 2017, 01:19:13 PM
(https://pbs.twimg.com/media/C4miM1bXAAAMpTx.jpg:large)
Title: Re: Sugar Sector
Post by: ak_share on February 14, 2017, 01:20:47 PM
(https://pbs.twimg.com/media/C4miNmsXUAEZ8K4.jpg:large)

Now whats next???????????
Title: Re: Sugar Sector
Post by: optimistic on February 14, 2017, 02:13:50 PM
Top picks from sugar sector is HSM and NONS both firms are having huge surplus sugarcane available. Haseeb waqas sugar mill having capacity of 12000TCD shifted from Husein Sugar Mills (HSM) location, and imperial sugar mill both punjab plants closed due to company decision change of business from sugar to LNG based IPP.

Punjab sugar mills are having surplus sugarcane while Sindh region are facing shortages, Govt has fixed price Rs. 182 per 40kg sugarcane in Singh and Punjab region but due to shortages of sugarcane in sindh region firms are buying above 200 per 40kg mud, this situation has pushed the selling price of sugar in local market, hence punjab side mills e.g. HSM, ADAMS, NONS etc margins improved alot.
Title: Re: Sugar Sector
Post by: R.K on February 15, 2017, 10:49:00 PM
What do you say about AGSML
Title: Re: Sugar Sector
Post by: optimistic on February 15, 2017, 11:23:24 PM
What do you say about AGSML

top picks from sugar is Punjab region sugar mills as below,

HSM, ADAMS, NONS, SHJS
Title: Re: Sugar Sector
Post by: R.K on February 15, 2017, 11:28:19 PM
Thank you for your prompt reply.
What are their expected TP
Title: Re: Sugar Sector
Post by: optimistic on February 16, 2017, 12:07:05 AM
Thank you for your prompt reply.
What are their expected TP

HSM 75
ADAMS 65
NONS 95
SHJS 230

All above short term upon 2nd Qtr March 2017 result.
Title: Re: Sugar Sector
Post by: onlybulls on February 16, 2017, 12:43:17 PM
Bought agsml yesterday & today 9.75 & 9.70 on SmE48 brother's recommendation.  :fingerscrossed1:
Title: Re: Sugar Sector
Post by: optimistic on February 16, 2017, 02:22:12 PM
Bought agsml yesterday & today 9.75 & 9.70 on SmE48 brother's recommendation.  :fingerscrossed1:

HSM is better option in my opinion.
Title: Re: Sugar Sector
Post by: SmE48 on February 16, 2017, 02:26:07 PM
5000 Yeh bhi lae lya,acha hy tu Bismillah
Title: Re: Sugar Sector
Post by: optimistic on February 24, 2017, 12:07:50 PM
Top picks from sugar sector is HSM and NONS both firms are having huge surplus sugarcane available. Haseeb waqas sugar mill having capacity of 12000TCD shifted from Husein Sugar Mills (HSM) location, and imperial sugar mill both punjab plants closed due to company decision change of business from sugar to LNG based IPP.

Punjab sugar mills are having surplus sugarcane while Sindh region are facing shortages, Govt has fixed price Rs. 182 per 40kg sugarcane in Singh and Punjab region but due to shortages of sugarcane in sindh region firms are buying above 200 per 40kg mud, this situation has pushed the selling price of sugar in local market, hence punjab side mills e.g. HSM, ADAMS, NONS etc margins improved alot.

 :rtfm: :rtfm: :rtfm:
Title: Re: Sugar Sector
Post by: optimistic on May 20, 2017, 10:40:47 PM
sugar mei sirf,

HSM, NONS, ADAMS....  :clap1: :clap1: :clap1:
Title: Re: Sugar Sector
Post by: umerishtiaq on May 21, 2017, 01:12:17 PM
sugar mei sirf,

HSM, NONS, ADAMS....  :clap1: :clap1: :clap1:

kisi train mai cherhnay ka faida hai ya sab nikal chukin ?
Title: Re: Sugar Sector
Post by: SageX on May 21, 2017, 07:57:54 PM
Umerishtiaq bro.......
I guess only a senior expert like "optimistic" can guide whether a train can be caught at this stage of rally
Title: Re: Sugar Sector
Post by: onlybulls on May 21, 2017, 08:53:58 PM
No doubt optimistic did a good job in sugar sector. And given good ideas.
Title: Re: Sugar Sector
Post by: Stock_Cheeta on May 21, 2017, 10:09:14 PM
sugar mei sirf,

HSM, NONS, ADAMS....  :clap1: :clap1: :clap1:

kisi train mai cherhnay ka faida hai ya sab nikal chukin ?
NONS can show ST 120-130 if result support thn 150 possible
Title: Re: Sugar Sector
Post by: optimistic on May 22, 2017, 11:27:56 AM
sugar mei sirf,

HSM, NONS, ADAMS....  :clap1: :clap1: :clap1:
:clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1:
Title: Re: Sugar Sector
Post by: afzalch on May 22, 2017, 11:43:12 AM
sugar mei sirf,

HSM, NONS, ADAMS....  :clap1: :clap1: :clap1:
:clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1:
.         Heseeb waqas,Cashma,Sakrand and others are also on upper circuit breaker  :dance :dance :dance
Title: Re: Sugar Sector
Post by: optimistic on May 22, 2017, 11:49:53 AM
sugar mei sirf,

HSM, NONS, ADAMS....  :clap1: :clap1: :clap1:
:clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1:
.         Heseeb waqas,Cashma,Sakrand and others are also on upper circuit breaker  :dance :dance :dance

so sweet bro, enjoy sugar bull run.  :clap1:
Title: Re: Sugar Sector
Post by: Heart Breaker on May 22, 2017, 11:52:33 AM
sugar mei sirf,

HSM, NONS, ADAMS....  :clap1: :clap1: :clap1:
:clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1:
.         Heseeb waqas,Cashma,Sakrand and others are also on upper circuit breaker  :dance :dance :dance

so sweet bro, enjoy sugar bull run.  :clap1:

Dear Optimistic you pick ALNRS vs CHAS?
Title: Re: Sugar Sector
Post by: afzalch on May 22, 2017, 11:54:33 AM
At the time of this post 33scripts are on upper circuit breaker, out of this 9 scripts are from sugar sector, sugar was never so sweet before this  :thumbsup_anim: :thumbsup_anim: :thumbsup_a
Title: Re: Sugar Sector
Post by: optimistic on May 22, 2017, 11:55:34 AM
sugar mei sirf,

HSM, NONS, ADAMS....  :clap1: :clap1: :clap1:
:clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1: :clap1:
.         Heseeb waqas,Cashma,Sakrand and others are also on upper circuit breaker  :dance :dance :dance

so sweet bro, enjoy sugar bull run.  :clap1:

Dear Optimistic you pick ALNRS vs CHAS?

CHAS is better considering book value and capacity, otherwise buy ADAMS it will be 100+ after result if EPS comes 15+
Title: Re: Sugar Sector
Post by: CanBull on May 22, 2017, 12:53:14 PM
Sanghar Sugar Mills -SANSM  :fingerscrossed1:
Title: Re: Sugar Sector
Post by: Heart Breaker on May 22, 2017, 12:57:22 PM
Thanks optimistic, already have Adams  ;) ;)
Title: Re: Sugar Sector
Post by: tariq54 on May 23, 2017, 10:44:21 AM
Sanghar Sugar Mills -SANSM  :fingerscrossed1:
Brother, what's the target for Sanghar Sugar Mills -SANSM ?
Thanks
Title: Re: Sugar Sector
Post by: Aahaf on May 24, 2017, 01:21:43 AM
 I think no senior is covering sugar sector
Title: Re: Sugar Sector
Post by: SageX on May 24, 2017, 10:34:20 AM
Yes....unpredictable!
Title: Re: Sugar Sector
Post by: Aahaf on May 25, 2017, 12:35:46 AM
Pak sar zameen shadabad
Title: Re: Sugar Sector
Post by: atif.dhedhi on May 25, 2017, 10:32:12 AM
NCPL 2QFY17 Result Review: Below expectations

•        Nishat Chunian Power Ltd (NCPL) announced 2QFY17 EPS of PkR1.76 (down 18%YoY) vs. our expected EPS of PkR1.87. Contrary to our and market expectation, the company did not announce any cash dividend amid rising circular debt concerns, in our view (there are no potential projects in pipeline, however).

•        For 2QFY17, earnings declined due to 5% YoY decrease in revenue led by lower generation (down 9% YoY); full impact of higher furnace oil prices will reflect in future quarters. Though revenue was in line with our expectations, slight deviation in earnings is attributable to higher COGS.

•        For 1HFY17, NCPL reported EPS of PkR3.76 (down 17% YoY). Revenue declined 11% YoY on account of lower FO prices in 2QFY17. Finance cost declined 16% YoY due to lower borrowing.

•        We have a neutral stance on NCPL, where TP of PkR50.6/sh offers total return of 6.6%.
Title: Re: Sugar Sector
Post by: Aahaf on June 03, 2017, 03:03:14 AM
Daal pehle hi Kali lag rahi thi :[
Title: Re: Sugar Sector
Post by: Aahaf on June 03, 2017, 03:04:43 AM
I think no senior is covering sugar sector
:confused1:
Title: Re: Sugar Sector
Post by: Malik1 on June 03, 2017, 03:19:10 AM
Sugar Sectors gains not looking sustainable
Rest Almighty Allah knows the best
Title: Re: Sugar Sector
Post by: karehman on June 03, 2017, 03:31:31 AM
Agsml ki koi news?
Ab tou AGM bhi call kar li hay
 :skeptic: :skeptic: :skeptic:
Title: Re: Sugar Sector
Post by: optimistic on June 04, 2017, 01:38:05 AM
did anyone seen inventory holdings of JDWs, NONS, CHAS, HSM uff too much huge inventories pileup v/s sply and further short term borrowing accelerated with the same amount, excessive financial burden, they are totally stucked in sugar inventories. we need immediate export otherwise get ready for huge losses in sugar sector.

JDWs 33 billions v/s 5.3 billion sply stock in trade.  :o
Title: Re: Sugar Sector
Post by: Aahaf on June 04, 2017, 03:24:40 AM
Pak sar zameen shadabad
Boht dair kardi maherbaan (opti bro) as usual aatay aatay
Title: Re: Sugar Sector
Post by: afzalch on June 07, 2017, 08:36:22 PM
Gov't have extended the deadline for the export of sugar to 30.06.2017
Title: Re: Sugar Sector
Post by: zelmc on June 07, 2017, 09:00:50 PM
Export without subsidy is of no use. Intl sugar prices are too low now.
Title: Re: Sugar Sector
Post by: afzalch on June 07, 2017, 11:13:41 PM
Gov't have extended the deadline for the export of sugar to 30.06.2017
.        The new deadline is 31.07.2017 sorry for an oversight
Title: Re: Sugar Sector
Post by: MZ on June 08, 2017, 07:55:19 PM
http://nation.com.pk/business/08-Jun-2017/sugarcane-prices-won-t-be-deregulated-ecc
Title: Re: Sugar Sector
Post by: ali-ahmad on June 12, 2017, 04:08:21 PM
aaj agsml ki agm thi. koi information? lagta hai iss bar bi agm nahe ker sekay
Title: Re: Sugar Sector
Post by: ali-ahmad on June 13, 2017, 03:27:25 PM
no letter by agsml. again hand ker gia agsml
Title: Re: Sugar Sector
Post by: lovegreen on July 16, 2017, 01:33:04 AM
Sugar sector up coming results kia expected han mostly ?
Filhal Habsm ka result aya ha jo k ok lgta ha. eps 3.53.
Baki adams ka monday ko ha. And ansm ansari sugar ka bhi near ha. So what do you think seniors mostly results kia ayengay ?
Title: Re: Sugar Sector
Post by: optimistic on July 18, 2017, 12:29:17 AM
*Husein Sugar Mills Limited*

3Quarter Results
Due to 10%YoY increase in sales along with improved gross margins (16.197% in 3Q17 Vs. 3.112% in 3Q16), Profit for the quarter stood at Rs 58.441mn (up 136.97%YoY) with EPS of Rs 3.44

9Months Profit stood at Rs 298.804 mn (up 46.27%YoY) with EPS of Rs 17.58.

Currently trading @ P/E 2.67 based on 9 monthly EPS 17.58.
Psx Filing, Fairtrade Research
Title: Re: Sugar Sector
Post by: aharoon on July 19, 2017, 01:47:59 AM
Mirza sugar mills ( MZSM) ke 12 months trading activities ko dekha tou hisaab kitab kehta hai Confirmed iss main Punter betha hua hai aur isko infuture 50++ takk laikar jai ga...
bohat acha item lagg raha hai 7rs k rates par...
simply its pure satta stuff..
I'm not satisfied to its financials...
khailna chahoo tou current rates pe item bura nahin...
Title: Re: Sugar Sector
Post by: sAr on July 19, 2017, 09:58:59 AM
Mirza sugar mills ( MZSM) ke 12 months trading activities ko dekha tou hisaab kitab kehta hai Confirmed iss main Punter betha hua hai aur isko infuture 50++ takk laikar jai ga...
bohat acha item lagg raha hai 7rs k rates par...
simply its pure satta stuff..
I'm not satisfied to its financials...
khailna chahoo tou current rates pe item bura nahin...

Ab ye din aa gai kai Log Mirza Sugar ko 7rs per bhi pitch karain gai....

Wah Rai!!
Title: Re: Sugar Sector
Post by: optimistic on July 19, 2017, 10:03:48 AM
Mirza sugar mills ( MZSM) ke 12 months trading activities ko dekha tou hisaab kitab kehta hai Confirmed iss main Punter betha hua hai aur isko infuture 50++ takk laikar jai ga...
bohat acha item lagg raha hai 7rs k rates par...
simply its pure satta stuff..
I'm not satisfied to its financials...
khailna chahoo tou current rates pe item bura nahin...

Ab ye din aa gai kai Log Mirza Sugar ko 7rs per bhi pitch karain gai....

Wah Rai!!

aur agr trading suspend ho gye tu like agsml ?????
Title: Re: Sugar Sector
Post by: optimistic on July 19, 2017, 10:41:57 AM
Mirza sugar mills ( MZSM) ke 12 months trading activities ko dekha tou hisaab kitab kehta hai Confirmed iss main Punter betha hua hai aur isko infuture 50++ takk laikar jai ga...
bohat acha item lagg raha hai 7rs k rates par...
simply its pure satta stuff..
I'm not satisfied to its financials...
khailna chahoo tou current rates pe item bura nahin...

Ab ye din aa gai kai Log Mirza Sugar ko 7rs per bhi pitch karain gai....

Wah Rai!!

aur agr trading suspend ho gye tu like agsml ?????


mirza sugar mill, last result announced on December 31, 2015, after that no result announced further they also didn't hold AGM since last 2 years, stay caution iss ke be trading suspend na ho jaye like AGSML.
Title: Re: Sugar Sector
Post by: aharoon on July 19, 2017, 10:46:40 AM
Mirza sugar mills ( MZSM) ke 12 months trading activities ko dekha tou hisaab kitab kehta hai Confirmed iss main Punter betha hua hai aur isko infuture 50++ takk laikar jai ga...
bohat acha item lagg raha hai 7rs k rates par...
simply its pure satta stuff..
I'm not satisfied to its financials...
khailna chahoo tou current rates pe item bura nahin...

Ab ye din aa gai kai Log Mirza Sugar ko 7rs per bhi pitch karain gai....

Wah Rai!!

aur agr trading suspend ho gye tu like agsml ?????
hone ko kia nahin hoo sakta
7 ya phir 50
Title: Re: Sugar Sector
Post by: lovegreen on July 19, 2017, 11:39:39 AM
Mirza sugar mills ( MZSM) ke 12 months trading activities ko dekha tou hisaab kitab kehta hai Confirmed iss main Punter betha hua hai aur isko infuture 50++ takk laikar jai ga...
bohat acha item lagg raha hai 7rs k rates par...
simply its pure satta stuff..
I'm not satisfied to its financials...
khailna chahoo tou current rates pe item bura nahin...

Ab ye din aa gai kai Log Mirza Sugar ko 7rs per bhi pitch karain gai....

Wah Rai!!

aur agr trading suspend ho gye tu like agsml ?????


mirza sugar mill, last result announced on December 31, 2015, after that no result announced further they also didn't hold AGM since last 2 years, stay caution iss ke be trading suspend na ho jaye like AGSML.
Optimistic bhai lgta ha mirza sugar se secp ko khas pyar ha thatswhy itna time mil rha ha without agm trading suspend nhi ho rhi jubkay agsml ki shamat a gaye.  :D .
By the way optimistic is right stay away from mirza sugar is right decision.
Title: Re: Sugar Sector
Post by: aharoon on July 21, 2017, 01:05:39 AM
Mirza sugar mills ( MZSM) ke 12 months trading activities ko dekha tou hisaab kitab kehta hai Confirmed iss main Punter betha hua hai aur isko infuture 50++ takk laikar jai ga...
bohat acha item lagg raha hai 7rs k rates par...
simply its pure satta stuff..
I'm not satisfied to its financials...
khailna chahoo tou current rates pe item bura nahin...

Ab ye din aa gai kai Log Mirza Sugar ko 7rs per bhi pitch karain gai....

Wah Rai!!

aur agr trading suspend ho gye tu like agsml ?????


mirza sugar mill, last result announced on December 31, 2015, after that no result announced further they also didn't hold AGM since last 2 years, stay caution iss ke be trading suspend na ho jaye like AGSML.
filhal closed @ 9.79 upper lock...
hyderi construction bhi 50++ hoga
TriStar power TriStar polyester Yousuf Weaving bhi lash items hain
agay agay dekhtay jaeay...
Title: Re: Sugar Sector
Post by: Oddest on July 27, 2017, 02:19:45 PM
WOW! What shitty results in this quarter of almost every sugar scrip.
Title: Re: Sugar Sector
Post by: optimistic on July 27, 2017, 03:15:08 PM
WOW! What shitty results in this quarter of almost every sugar scrip.

sugar mei sir HSM (husein sugar mills)  :rtfm:
Title: Re: Sugar Sector
Post by: lovegreen on July 27, 2017, 03:44:34 PM
WOW! What shitty results in this quarter of almost every sugar scrip.

sugar mei sir HSM (husein sugar mills)  :rtfm:
And (Shjs) also With good result but usme trading ziada nhi hoti.
Title: Re: Sugar Sector
Post by: Alpha on July 27, 2017, 06:56:35 PM
Welldone SBM,

You projected these results quite a long time ago due to ever increasing inventory.

Full marks
Title: Re: Sugar Sector
Post by: optimistic on July 28, 2017, 11:56:48 AM
http://www.huseinsugarmills.com/Jun-30-2017.pdf

3rd Qtr June 2017- financials

its a Gem in Sugar sector.   :fingerscrossed1: :good
Title: Re: Sugar Sector
Post by: Rokie on July 28, 2017, 05:17:08 PM
what about NONS?
https://www.psx.com.pk/newsattachment/101178.pdf
Title: Re: Sugar Sector
Post by: optimistic on July 31, 2017, 11:00:44 AM
Alhamdulillah, in the first nine months of the current financial year, the company has
outperformed expectations to post record-breaking earnings. The continued outstanding
performance of the company has been the result of the incorporation of strategic operational and
financial policies that have generated historic revenues and profits. In particular, by anticipating
the national cultivation of sugarcane timely, foreseeing a surplus in sugar production, and
analyzing market trends preemptively, the decision of the company's management to pursue an
aggressive sales strategy by selling all our sugar and molasses at very attractive rates during the
crushing season has led to considerable and comprehensive returns. This approach has led to
remarkable financial results in the first nine months and similar profitability trends can be expected
in the final quarter of the financial year.


Furthermore, this year we have actively pursued policies catered at reestablishing the confidence
of all our stakeholders. It gives me pleasure in revealing to members of the company that
confidence of the bankers in your project has been restored and we are confident that in the next
financial year, the entirety of our requirement of working capital finances will be available at
competitive markup rates.

The company has embarked upon an Efficiency Improvement Project (EIP) that aims to
considerably reduce operational losses and multiply savings in fuel consumption
. To finance the
project, the company has issued right shares at a premium. The Directors of the company have
subscribed to the rights and have deposited their dues. The EIP is being implemented as per
schedule; letters of credit for imported machines have also been established and orders for local
machines have been placed. All these machines will be commissioned before the start of the
forthcoming crushing season expected to begin in November 2017
.

Timely rain showers have ensured a healthy crop production for the upcoming season starting in
November. Moreover with reduction in fertilizer prices, growers are utilizing fertilizer in
increasing capacities. Therefore, we are anticipating better yields per acre and better sucrose
contents in the sugarcane crop for the upcoming season.

The government has recently allowed further export of sugar without any export rebate. This
belated decision of government will help in reducing surplus sugar stocks in the country to some
extent. The government should announce sustainable sugar export policy on a permanent basis
after taking all stakeholders on board.

http://www.huseinsugarmills.com/Jun-30-2017.pdf
Title: Re: Sugar Sector
Post by: optimistic on July 31, 2017, 11:45:55 AM
Those who are holdings NONS (noon sugar) my advise is to sell.
Title: Re: Sugar Sector
Post by: online88 on August 01, 2017, 10:26:17 PM
Buy on dips hsm, nons, sml sugar export news come any time soon
Title: Re: Sugar Sector
Post by: atif.dhedhi on August 02, 2017, 10:43:21 AM
Export news without subsidy is a waste
Title: Re: Sugar Sector
Post by: optimistic on August 02, 2017, 02:29:43 PM
Buy on dips hsm, nons, sml sugar export news come any time soon

mine top picks from sugar is HSM, soon it will rock.  :good
Title: Re: Sugar Sector
Post by: optimistic on August 02, 2017, 02:42:53 PM
Buy on dips hsm, nons, sml sugar export news come any time soon

mine top picks from sugar is HSM, soon it will rock.  :good

sugar firms will go for diversification soon, some of them already announced co-generation power other sound companies will too announce diversification into food or co-gen power.
Title: Re: Sugar Sector
Post by: stockchild on August 02, 2017, 05:17:47 PM
What about Shahtaj Sugar. Rs. 25 EPS plus electricity plant will be operational in November/December 2017
Title: Re: Sugar Sector
Post by: SlowTyperr on August 10, 2017, 10:17:23 AM
best shares in the sugar sector for short-medium term investment?
Title: Re: Sugar Sector
Post by: afzalch on August 10, 2017, 10:13:23 PM
Buy on dips hsm, nons, sml sugar export news come any time soon
           Gov't have already allowed the sugar mills to export the commodity upto 0.300M tons, but the issue for subsidiary is yet to be settled
Title: Re: Sugar Sector
Post by: Aahaf on August 16, 2017, 01:22:37 AM
Sbp ask local banks to start process for sugar export
Title: Re: Sugar Sector
Post by: atif.dhedhi on August 16, 2017, 10:05:33 AM
at $363 allowance of export is of no use  :crying_anim02: :crying_anim02:
Title: Re: Sugar Sector
Post by: afzalch on August 16, 2017, 11:23:34 AM
NAB have lodged inquiries against six sugar mill including Haseeb Waqas,Tandlawala sugar, Abdullah sugar etc for misusing authority
Title: Re: Sugar Sector
Post by: optimistic on August 17, 2017, 12:42:45 PM
at $363 allowance of export is of no use  :crying_anim02: :crying_anim02:

The only survival for sugar industry is significant reduction in Sugar Cane prices e.g. reduction of cane price from 180/ 40kg to below 150/ 40kg. Export have no use now without govt subsidy further sustaining local price above 55 is important.
Title: Re: Sugar Sector
Post by: atif.dhedhi on August 17, 2017, 12:45:27 PM
http://e.jang.com.pk/detail.asp?id=362536

Sindh Govt imposed ban on New Sugar Mills and increase in Capacity of existing sugar mills :confused1:
Title: Re: Sugar Sector
Post by: optimistic on August 17, 2017, 01:25:59 PM
http://e.jang.com.pk/detail.asp?id=362536

Sindh Govt imposed ban on New Sugar Mills and increase in Capacity of existing sugar mills :confused1:

This Ban is already there in Punjab region.
Title: Re: Sugar Sector
Post by: atif.dhedhi on August 17, 2017, 02:20:09 PM
I think punjab ban is for new mill, not increase in capacity

http://e.jang.com.pk/detail.asp?id=362536

Sindh Govt imposed ban on New Sugar Mills and increase in Capacity of existing sugar mills :confused1:

This Ban is already there in Punjab region.
Title: Re: Sugar Sector
Post by: optimistic on August 17, 2017, 02:57:56 PM
I think punjab ban is for new mill, not increase in capacity

http://e.jang.com.pk/detail.asp?id=362536

Sindh Govt imposed ban on New Sugar Mills and increase in Capacity of existing sugar mills :confused1:

This Ban is already there in Punjab region.

Yes we can increase capacity of sugar mill in Punjab through BMR which recently HSM (husein sugar mills) is doing. New mills is ban in Punjab.
Title: Re: Sugar Sector
Post by: optimistic on August 18, 2017, 03:12:48 PM
Auction for 7 defaulter sugar mills ordered
 SAFDAR RASHEED  AUG 18TH, 2017   LAHORE
The Cane Commissioner Punjab has ordered attachment and auction of seven sugar mills which failed to pay outstanding amount of Rs 1.84 billion to sugarcane farmers during 2016-17, reveal documents available with Business Recorder. Out of the seven sugar mills, Haseeb Waqas Sugar Mill, belongs to close relatives of Chief Minister Punjab Shehbaz Sharif and deposed prime minister Nawaz Sharif, sources said.

The action has been initiated by the Cane Commissioner Punjab in exercise of powers conferred on him under Section 6(2) of the Punjab Sugar Factories Act, 1950. The official order reads, "I have no option but to declare the pending payments of the growers as Arrears of Land Revenue and direct the Deputy Commissioner/Additional Cane Commissioner to recover the outstanding amount as arrears of Land Revenue along with 11% markup per annum form the date of closure of the Sugar Mills ie 15.02.2017 as well as initiate all legal actions against the occupier owner General Manager of M/S Haseeb Waqas Sugar Mill, Jatoi, District Muzaffargarh immediately in the public interest."

All the concerned deputy commissioners have been asked to take immediate steps for recovery of Rs 1.84 billion from the defaulting sugar mills. The sources said there were apprehensions of protests and law and order situation by the growers'' community as witnessed two years back. The extreme step was taken to protect the legal right of growers, said an official of the food department requesting anonymity.

According to details, during the crushing season 2016-17, all the 41 sugar mills situated in various parts of the province purchased about 442.79 million metric tons of sugarcane worth Rs 199.443 billion for production of sugar to meet the domestic and export demand. Out of the total amount, the mills owners paid Rs 196.713 billion to growers till June and only 23 mills cleared payments to farmers whereas seven owners failed to pay an amount of Rs 2.72 billion to growers.

Out of total 18 defaulting sugar mills, 11 mills made partial payments to the farmers while action has been taken against seven mills which failed to pay Rs 1.84 billion. The growers lodged complaints with the Punjab government as well as the Cane Commissioner Punjab taking stance that they were facing starvation and unable to cultivate next crops. On the repeated demands and requests of farmers, the Cane Commissioner under rule 14(2) of the Punjab Sugar Factories Control Rules, 1950, directed the mill owners to make payment of sugarcane to the growers within 15 days of the delivery of sugarcane.

The Cone Commissioner under the law issued show-cause notices to the mills'' owners and provided them an opportunity of personal hearing to settle the issue of outstanding amount. However, during personal hearings the management of the sugar mills reportedly failed to resolve the issue of non-payments.

When the mills owners allegedly violated the orders of authority, the Cane Commissioner under section 6(2) of Punjab Sugar Factories Act declared the outstanding amount as arrears of land revenue and directed the concerned Deputy Commissioners to initiate action against the defaulter sugar mills. The DCs were further directed to initiate legal proceedings under section 21 of the Act against the defaulter owners as well.

The owners of attached sugar mills may face imprisonment up to two years in addition to a heavy fine under the Act. According to documents, Haseeb Waqas Sugar Mills situated in District Muzaffargarh was found defaulter of Rs 74.1 million, Hunza-II Sugar Mill, Jhang, of Rs 0.6 million, Noon Sugar Mill, Sargodha, of Rs 101.71 million, Patoki Sugar Mill, Kasur, Rs 118.6 million, Shakarganj Bhone, Jhang, Rs 254.32 million, Darya Khan Sugar Mills, Bakkar, Rs 321.55 million and Abdullah Sugar Mill situated in Okara has been found defaulter of Rs 140.56 million.

As per law, "the sugar mills owners are required to make payment of sugarcane price to the farmers within 15 days of the delivery of sugarcane". The last crushing season was closed on February 15, 2017. Under the law, "the defaulter owners are liable to pay interest at the rate of 11 percent per annum on unpaid balance amount of payment."

According to a senior official of the food department, two mills namely Imperial, Mandi Bahauddin, and Abdullah-II, Sargodha, had been restrained from purchasing sugarcane during the recent crushing season as they failed to clear outstanding dues of pervious buying of sugarcane. Two sugar mills namely Imperial Sugar Mills, Khenawal, and Brothers Sugar Mills, Kasur, were also sealed and attached under the Act for non-payment of amount to the growers.
Title: Re: Sugar Sector
Post by: optimistic on August 18, 2017, 03:37:24 PM
Haseeb Waqas Sugar Mills situated in District Muzaffargarh was found defaulter of Rs 74.1 million, Hunza-II Sugar Mill, Jhang, of Rs 0.6 million, Noon Sugar Mill, Sargodha, of Rs 101.71 million, Patoki Sugar Mill, Kasur, Rs 118.6 million, Shakarganj Bhone, Jhang, Rs 254.32 million, Darya Khan Sugar Mills, Bakkar, Rs 321.55 million and Abdullah Sugar Mill situated in Okara has been found defaulter of Rs 140.56 million.
Title: Re: Sugar Sector
Post by: SBM on August 18, 2017, 04:17:44 PM
Haseeb Waqas Sugar Mills situated in District Muzaffargarh was found defaulter of Rs 74.1 million, Hunza-II Sugar Mill, Jhang, of Rs 0.6 million, Noon Sugar Mill, Sargodha, of Rs 101.71 million, Patoki Sugar Mill, Kasur, Rs 118.6 million, Shakarganj Bhone, Jhang, Rs 254.32 million, Darya Khan Sugar Mills, Bakkar, Rs 321.55 million and Abdullah Sugar Mill situated in Okara has been found defaulter of Rs 140.56 million.

hard to believe that noon sugar would have defaulted on a 100 million pkr payment
possibly disputed ...
Title: Re: Sugar Sector
Post by: aatradekhi on August 24, 2017, 03:18:51 PM
Pakistan’s six largest sugar mills default on Rs2.65bn

ISLAMABAD: The country’s six largest sugar mills owe Rs2.65 billion to the Trading Corporation of Pakistan (TCP), the government’s trading wing, an audit report revealed on Wednesday.

In a meeting of the Public Accounts Committee at Parliament House, it was revealed that Tandlianwala Sugar Mills Limited, owned by Humayun Akhtar Khan, is the biggest defaulter and owed Rs1.15 billion to the government.

According to the audit report, TMK Sugar Mills, owned by Mohsin Tabani, is at second place and has defaulted by Rs640.74 million, followed by Abdullah Sugar Mills Limited at Rs510.64 million and Sehri Sugar Mills at Rs150 million.

The commerce secretary informed the committee that the TCP has moved the court against the defaulters.

The PAC has decided to write to the Economic Coordination Committee with the request to halt all advance payments to sugar mills after the secretary informed the body that the funds were transferred to the mills under the head of 'advance payments'

(https://www.geo.tv/assets/uploads/updates/2017-08-23/154912_6579461_updates.jpg)
Title: Re: Sugar Sector
Post by: online88 on August 31, 2017, 08:24:04 PM
@optimistic any update on HSM
Title: Re: Sugar Sector
Post by: optimistic on September 06, 2017, 04:06:04 PM
@optimistic any update on HSM

i will hold long dear, they are now in a very good position, see their financial as of June 2017.
Title: Re: Sugar Sector
Post by: optimistic on September 06, 2017, 04:07:35 PM
@optimistic any update on HSM

i will hold long dear, they are now in a very good position, see their financial as of June 2017.

Once they go for Co-Gen power project, share price will move beyond Rs. 100 IN SHA ALLAH.
Title: Re: Sugar Sector
Post by: Aahaf on September 06, 2017, 04:54:09 PM
If break 37 than 32-27
Title: Re: Sugar Sector
Post by: optimistic on September 06, 2017, 09:33:50 PM
Economic Co-ordination Committee (ECC) of the Cabinet is likely to allow export of an additional 1 million tons of sugar with a rebate ranging from Rs 6 to 10 per kg, depending upon the prices of sugar in the international market, well-informed sources told Business Recorder. Chairman Pakistan Sugar Mills Association (PSMA) , Javed Kayani, has proposed a rebate by making $540 dollar per ton price as the benchmark - sugar''s peak price in October last year.
Title: Re: Sugar Sector
Post by: online88 on September 08, 2017, 07:07:59 PM
Economic Co-ordination Committee (ECC) of the Cabinet is likely to allow export of an additional 1 million tons of sugar with a rebate ranging from Rs 6 to 10 per kg, depending upon the prices of sugar in the international market, well-informed sources told Business Recorder. Chairman Pakistan Sugar Mills Association (PSMA) , Javed Kayani, has proposed a rebate by making $540 dollar per ton price as the benchmark - sugar''s peak price in October last year.
1.5 million ton sugar to be exported with subsidy
Title: Re: Sugar Sector
Post by: optimistic on September 09, 2017, 12:43:39 AM
Economic Co-ordination Committee (ECC) of the Cabinet is likely to allow export of an additional 1 million tons of sugar with a rebate ranging from Rs 6 to 10 per kg, depending upon the prices of sugar in the international market, well-informed sources told Business Recorder. Chairman Pakistan Sugar Mills Association (PSMA) , Javed Kayani, has proposed a rebate by making $540 dollar per ton price as the benchmark - sugar''s peak price in October last year.
1.5 million ton sugar to be exported with subsidy

Quantity of export and Subsidy both material important, sugar industry wants $ 565 while today price is $ 373, means they wants Rs. 18/kg subsidy which i don't think so Govt will give this much incentive, agr itna ho gya tu sub sugar share wapis apne peaks pa.
Title: Re: Sugar Sector
Post by: aatradekhi on September 09, 2017, 12:05:12 PM
PM defers decision on surplus sugar export

Prime Minister Shahid Khaqan Abbasi put off a decision on Thursday on export of surplus sugar amid concern over Rs19 per kg subsidy and the impact of shipping over 1.5 million tons on the domestic market.

The premier chaired a meeting wherein he was briefed on matters pertaining to the sugar industry, according to a statement issued by the Prime Minister’s Office after the meeting.

The challenges faced by the industry relating to the permission for exports were also discussed. The Pakistan Sugar Mills Association (PSMA) – a representative body of the country’s millers – demanded that the premier allow export of 2 million tons of sugar and give a subsidy of Rs19 per kg to cope with low prices in the international market.

The millers claim that there is a glut of sugar in the local market due to carryover stocks from the previous year and surplus production in the last sugarcane crushing season.

Against the retail price of over Rs65 per kg, sugar in the international market is traded at 38 cents or Rs40 per kg. The millers want the government to pick the difference as they claim that the high cost of sugar was due to the fixing of sugarcane price at Rs180 per 40 kg by the government.

The subsidy will cost Rs38 billion to the finance ministry on the export of 2 million tons of sugar. In case of reduced exports at 1.5 million tons, the subsidy requirement will be Rs28.5 billion.

Industry people claimed that the Sugar Advisory Board, which also met on Thursday, recommended giving permission for the export of 1.5 million tons with a subsidy of Rs18 per kg.

Sugar millers making billions with regular price rises

Officials said the PM called for settling the issue first in the Sugar Advisory Board and then bring it in the Economic Coordination Committee (ECC) for approval.

They said the premier also asked about the negative impact of sugar exports on the local market. The Ministry of Commerce would firm up its views on the proposal of allowing exports of 1.5 million tons and the subsidy demanded after receiving recommendation from the Sugar Advisory Board, said an official of the Ministry of Commerce.

The prime minister directed the ministry to work with the Sugar Advisory Board in an attempt to come up with short and long-term proposals for resolving the issues and problems faced by the industry.

In July this year, the ECC approved exports of 300,000 tons of sugar, in addition to the export quantity already allowed earlier.

It took the decision in light of the recommendations of an inter-ministerial committee that had proposed exports of 600,000 tons keeping in view the surplus stock of 1.475 million tons from the last sugarcane crushing season. The ECC did not approve subsidy for the export of 300,000 tons which, according to the industry people, was the reason behind the millers’ lack of interest in exports so far.

Published in The Express Tribune, September 8th, 2017.


Title: Re: Sugar Sector
Post by: online88 on September 11, 2017, 07:19:49 PM
Very little volume in all sugar sector, government have to give subsidy for export otherwise next season millers will not accept government rates and refuse to buy from farmers
Title: Re: Sugar Sector
Post by: online88 on September 12, 2017, 08:26:48 AM
Export of 1.5 million with subsidy of 10.5/kg approved :thumbsup_anim:
Title: Re: Sugar Sector
Post by: aatradekhi on September 12, 2017, 09:37:59 AM
Export of 1.5 million with subsidy of 10.5/kg approved :thumbsup_anim:

Source ?
Title: Re: Sugar Sector
Post by: optimistic on September 14, 2017, 12:55:26 AM
Export of 1.5 million with subsidy of 10.5/kg approved :thumbsup_anim:

no profit with 10.70 / kg subsidy, industry demand were Rs. 19/kg at that price they would have earned but now only at par cost price selling to reduce inventories and reduction in short term borrowing to finance cash flow.
Title: Re: Sugar Sector
Post by: sundeepparwani on September 14, 2017, 08:56:59 AM
its not approved yet
Title: Re: Sugar Sector
Post by: Koolfire on September 14, 2017, 08:35:05 PM
https://tribune.com.pk/story/1504776/2017-18-season-pakistans-sugar-production-likely-hit-record-8m-tons/
Title: Re: Sugar Sector
Post by: Aahaf on September 15, 2017, 01:44:59 AM
https://tribune.com.pk/story/1504776/2017-18-season-pakistans-sugar-production-likely-hit-record-8m-tons/
pm himself giving some personal attention let see mun meetha hoga ya nahi
Title: Re: Sugar Sector
Post by: optimistic on September 15, 2017, 03:40:30 PM
https://tribune.com.pk/story/1504776/2017-18-season-pakistans-sugar-production-likely-hit-record-8m-tons/
pm himself giving some personal attention let see mun meetha hoga ya nahi

0.5m ton sugar export with 10.70/kg subsidy approved by PM.
Title: Re: Sugar Sector
Post by: SlowTyperr on September 29, 2017, 01:12:40 AM
Should I sell HSM? Keeps dropping day by day
Title: Re: Sugar Sector
Post by: optimistic on September 29, 2017, 01:19:25 AM
Should I sell HSM? Keeps dropping day by day

Hold if you can till December 2017 end, Annual result is due end of December so hope for rally in December only, abe jo phansa howa ha sabar kary including me.
Title: Re: Sugar Sector
Post by: Aahaf on September 29, 2017, 01:20:53 AM
Should I sell HSM? Keeps dropping day by day
good company 32-34 buying rates maximum downside 27 so stance is for hold at current rates
Title: Re: Sugar Sector
Post by: SlowTyperr on October 02, 2017, 01:07:26 AM
Will the sugar sector be affected by the drop in prices of coal?
Title: Re: Sugar Sector
Post by: karehman on November 02, 2017, 11:27:04 AM
AGSML Board Meeting for the Year Ended Sep 2016

https://www.psx.com.pk/notices-updates/detail2.php?id=4&nid=106260&qsid=154

Title: Re: Sugar Sector
Post by: SBM on November 30, 2017, 12:36:08 PM
https://www.thenews.com.pk/print/250537-sindh-govt-fixes-sugar-cane-price-crushing-season-to-begin-today
Title: Re: Sugar Sector
Post by: Mjaleel on December 05, 2017, 04:38:18 PM
whats the news in sugar sector. any updates? most sugar companies in upper lock.
Title: Re: Sugar Sector
Post by: Mjaleel on December 06, 2017, 09:32:00 AM
Any information?? :( :(
Title: Re: Sugar Sector
Post by: Aahaf on December 06, 2017, 09:00:34 PM
Should I sell HSM? Keeps dropping day by day
good company 32-34 buying rates maximum downside 27 so stance is for hold at current rates
:good ANSM last sold at 39 a good bitcoin
Title: Re: Sugar Sector
Post by: onlybulls on December 13, 2017, 03:52:55 PM
Sugar sector rally kub tk rahegi ?
Title: Re: Sugar Sector
Post by: optimistic on December 13, 2017, 05:33:55 PM
Sugar sector rally kub tk rahegi ?

Sugar exported 0.5 million already in Sept now 1.5 million so sugar glut will over.
Title: Re: Sugar Sector
Post by: zelmc on December 13, 2017, 07:58:17 PM
Huge loss by SML in last quarter. Most of the companies will follow the same trend.
Title: Re: Sugar Sector
Post by: onlybulls on December 13, 2017, 09:38:08 PM
Huge loss by SML in last quarter. Most of the companies will follow the same trend.
Don't worry infact no worry at all. Prices of sugar shares on bottom and discounted already. If they show even loss they can't drop much alot.
Result is bad but Sml also didn't show floor just because price already dropped in previous months till now.
If any stock of sugar show even average result.
I think it can move fast on even average result.
Title: Re: Sugar Sector
Post by: optimistic on December 13, 2017, 09:47:03 PM
Huge loss by SML in last quarter. Most of the companies will follow the same trend.

Those sugar mills will post huge losses in last 4th Qtr Sept 2017 ended which were holdings huge stock / inventory, SML had 935 millions profit during 9 months june 2017, last qtr they did huge loss.
Title: Re: Sugar Sector
Post by: Abid70 on December 13, 2017, 09:55:42 PM
Huge loss by SML in last quarter. Most of the companies will follow the same trend.

Those sugar mills will post huge losses in last 4th Qtr Sept 2017 ended which were holdings huge stock / inventory, SML had 935 millions profit during 9 months june 2017, last qtr they did huge loss.
So which sugar companies will show profit in last quarter or lesser losses
Title: Re: Sugar Sector
Post by: optimistic on December 14, 2017, 01:06:34 AM
Huge loss by SML in last quarter. Most of the companies will follow the same trend.

Those sugar mills will post huge losses in last 4th Qtr Sept 2017 ended which were holdings huge stock / inventory, SML had 935 millions profit during 9 months june 2017, last qtr they did huge loss.
So which sugar companies will show profit in last quarter or lesser losses

I feel HSM, Shahtaj can post profit in last qtr too.
Title: Re: Sugar Sector
Post by: Aahaf on December 14, 2017, 01:21:57 AM
Saeen sugar mills getting better privileges at the moment
Title: Re: Sugar Sector
Post by: Aahaf on December 15, 2017, 03:20:21 PM
Nons lock sector in pressure :skeptic:
Title: Re: Sugar Sector
Post by: optimistic on December 21, 2017, 09:11:45 PM
http://www.sbp.org.pk/epd/2017/FECL23-Annex.pdf

SBP circular dated 07th December, 2017 for asking application for additional 1.5 million Ton sugar export. 
Title: Re: Sugar Sector
Post by: optimistic on December 23, 2017, 11:38:32 PM
https://tribune.com.pk/story/1590859/2-ecc-approves-additional-rs15b-benefit-sugar-mills/

sugar stocks should boom boom. Export se glut reduce ho ga aur local pricing be.
Title: Re: Sugar Sector
Post by: onlybulls on January 10, 2018, 01:27:48 PM
Smbl suspend ho kar resume hua. Pace kal suspend ho kr resume hogia aj. ( I know unki objection different thi but kuch perception ha suspend Kay after resume any company share trading mushskil ha)
But agsml last 10+ month se suspend ha. Agm and board meeting ki objection door kr di agsml company ne. But agsml non payment of dues of the exchange ki objection ko pura nhi kr ska Filhal.
Optimistic or any body ? kia dues ziada hongay Jo company pura nhi kr pa rhi ?
Title: Re: Sugar Sector
Post by: optimistic on January 10, 2018, 10:24:41 PM
Smbl suspend ho kar resume hua. Pace kal suspend ho kr resume hogia aj. ( I know unki objection different thi but kuch perception ha suspend Kay after resume any company share trading mushskil ha)
But agsml last 10+ month se suspend ha. Agm and board meeting ki objection door kr di agsml company ne. But agsml non payment of dues of the exchange ki objection ko pura nhi kr ska Filhal.
Optimistic or any body ? kia dues ziada hongay Jo company pura nhi kr pa rhi ?

CDC charges and Stock exchange fee normally are nominal i don't know reason of suspension better you check exchange notice on it or contact with company secretary.
Title: Re: Sugar Sector
Post by: onlybulls on January 10, 2018, 10:47:03 PM
Smbl suspend ho kar resume hua. Pace kal suspend ho kr resume hogia aj. ( I know unki objection different thi but kuch perception ha suspend Kay after resume any company share trading mushskil ha)
But agsml last 10+ month se suspend ha. Agm and board meeting ki objection door kr di agsml company ne. But agsml non payment of dues of the exchange ki objection ko pura nhi kr ska Filhal.
Optimistic or any body ? kia dues ziada hongay Jo company pura nhi kr pa rhi ?

CDC charges and Stock exchange fee normally are nominal i don't know reason of suspension better you check exchange notice on it or contact with company secretary.
I checked notice bro.
Current reason of suspention left only non payment of exchange.
I don't know why company is not paying.
Company pehly call krtay thay tub accounts dept. Bat ho jaya krti thi but now operator agay call through nhi krta bus ye kehta ha week wait krain 50 % chances to open trading. Is baat ko bhi 10 days ho gaye han.
Wo bhi bongian maray ga agr mai non payment of exchange ki bat kron. Usko iska answer nhi ana.
Operator ko unhone parrot ki trha bus aik line rata di ha.
Title: Re: Sugar Sector
Post by: optimistic on January 10, 2018, 10:49:49 PM
Smbl suspend ho kar resume hua. Pace kal suspend ho kr resume hogia aj. ( I know unki objection different thi but kuch perception ha suspend Kay after resume any company share trading mushskil ha)
But agsml last 10+ month se suspend ha. Agm and board meeting ki objection door kr di agsml company ne. But agsml non payment of dues of the exchange ki objection ko pura nhi kr ska Filhal.
Optimistic or any body ? kia dues ziada hongay Jo company pura nhi kr pa rhi ?

CDC charges and Stock exchange fee normally are nominal i don't know reason of suspension better you check exchange notice on it or contact with company secretary.
I checked notice bro.
Current reason of suspention left only non payment of exchange.
I don't know why company is not paying.
Company pehly call krtay thay tub accounts dept. Bat ho jaya krti thi but now operator agay call through nhi krta bus ye kehta ha week wait krain 50 % chances to open trading. Is baat ko bhi 10 days ho gaye han.
Wo bhi bongian maray ga agr mai non payment of exchange ki bat kron. Usko iska answer nhi ana.
Operator ko unhone parrot ki trha bus aik line rata di ha.

Bhai exchange kay tu thory se he dues hoyen gyne even you can pay from your pocket it must be nominal amount like annual subscription fee of may club, its all about their intensions what they want, its normally corrupt management style.
Title: Re: Sugar Sector
Post by: Aahaf on January 27, 2018, 01:41:15 AM
Should I sell HSM? Keeps dropping day by day
good company 32-34 buying rates maximum downside 27 so stance is for hold at current rates
:good ANSM last sold at 39 a good bitcoin
opti bro cheating mat karo main ne jab ansari liya to bataya tha :tongue:
Title: Re: Sugar Sector
Post by: Aahaf on February 17, 2018, 12:46:24 AM
Chas to chala took entry yesterday 29 pe hsm bhi le raha hoon kia pata ye dewana ban jai miskeen se
Title: Re: Sugar Sector
Post by: Koolfire on February 26, 2018, 08:17:47 PM
Ansari Sugar Mills Limtied. | Minutes and Extract of Board Meeting held on 26-Feb-2018  -  Material Information   


Mr. Waheed Ahmed further shared that the Company may issue right shares to the members 01 the Company to generate funds to achieve the goals. Thus, the Board of directors acceded to issue shares by' the way of right issue of 31.729,357 shares. Further added, the apprehension is that the existing unissued authorized share capital of the Company may not be sufficient to be used for the rights issue for raising further capital for the operations of the Company, therefore, the authorized share capital be increased accordingly from Rs. 300.000.000/- (Pak Three Hundred Million only) to Rs. 900.000,000/- (Pak Rupees Nine Hundred Million only) subject to the approval of members in Extra Ordinary General Meeting (hereinafter be referred to as the "EOGM").

https://www.psx.com.pk/newsattachment/110834.pdf
Title: Re: Sugar Sector
Post by: aqadir92 on February 26, 2018, 10:48:54 PM
Noon sugar bayLagaam Ghora :skeptic:
Title: Re: Sugar Sector
Post by: Stock_Cheeta on February 26, 2018, 11:21:48 PM
Noon sugar bayLagaam Ghora :skeptic:
Any update NONS?
Title: Re: Sugar Sector
Post by: leo_kool on March 07, 2018, 01:24:58 PM
An Urdu daily Khabrain reported that PTI’s Jahangir Khan Tareen and PML-N’s lawmaker Makhdum Khusro Bakhtiar, purchased Hamza Sugar Mills for Rs27 billion during last week, strengthening rumours that both will become political partners as well.

Earlier, Chaudhry Munir, a relative of Maryam Nawaz, gave a bid worth Rs23 billion for the factory, however, it was purchased by Tareen and Bakhtiar after a successful bid of Rs27bn.

The media outlet quoting sources claimed that PML-N leader is expected to defect his party and joined the Imran Khan-led party soon.

Jahangir Tareen has two sugar mills; JDW Sugar Mills and United Sugar Mills, while Khusro Bakhtiar has shares in different mills.

Khusro Bakhtiar had won the 2013 elections from NA-194 (Rahim Yar Khan) as an independent candidate and later joined the PML-N.

https://en.dailypakistan.com.pk/pakistan/pml-ns-khusro-bakhtiar-ptis-jahangir-tareen-become-business-partners/

Title: Re: Sugar Sector
Post by: Salammembers on April 13, 2018, 12:11:50 PM
Ansari Sugar Mills Limtied
(ANSM)   April 10th, 2018
03:15:19 PM   FINANCIAL RESULT FOR THE HALF YEAR ENDED 31/12/2017
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 107.426
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 156.599
EPS = 6.42
RIGHT ISSUE =130% AT A PREMIUM OF Rs.10/= PER SHARE
BOOK CLOSURE FROM 25/04/2018
BOOK CLOSURE TO 02/05/2018


Anver majid got more than 50% share holding,
iss group ka sitara iss waqt urooj paar haay,
30 tu khappay before it goes xr :fingerscrossed1:
Title: Re: Sugar Sector
Post by: lovegreen on April 13, 2018, 12:36:42 PM
Ansari Sugar Mills Limtied
(ANSM)   April 10th, 2018
03:15:19 PM   FINANCIAL RESULT FOR THE HALF YEAR ENDED 31/12/2017
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 107.426
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 156.599
EPS = 6.42
RIGHT ISSUE =130% AT A PREMIUM OF Rs.10/= PER SHARE
BOOK CLOSURE FROM 25/04/2018
BOOK CLOSURE TO 02/05/2018


Anver majid got more than 50% share holding,
iss group ka sitara iss waqt urooj paar haay,
30 tu khappay before it goes xr :fingerscrossed1:
Is share ke itne shandar result ke bawajood after two caps kal iska cap khul gia tha but phir lg gia. Aur aj first session me ye cap ke kreeb bhi nhi aya aur minor paisas plus se trade kr rha ha. Cap shayed phir lg jaye but logone isko cap o cap type nhi hone dia. Ajeeb bat ha itna acha result aur ye halat.
Title: Re: Sugar Sector
Post by: Aahaf on April 18, 2018, 01:27:43 AM
Mirza in defaulter counter
Title: Re: Sugar Sector
Post by: onlybulls on April 23, 2018, 03:26:51 PM
Ansari Sugar Mills Limtied
(ANSM)   April 10th, 2018
03:15:19 PM   FINANCIAL RESULT FOR THE HALF YEAR ENDED 31/12/2017
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 107.426
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 156.599
EPS = 6.42
RIGHT ISSUE =130% AT A PREMIUM OF Rs.10/= PER SHARE
BOOK CLOSURE FROM 25/04/2018
BOOK CLOSURE TO 02/05/2018


Anver majid got more than 50% share holding,
iss group ka sitara iss waqt urooj paar haay,
30 tu khappay before it goes xr :fingerscrossed1:
24 only jayega ansm before xr that is psx place of unexpected things. Result was awesome but nhi chala ansm.
Title: Re: Sugar Sector
Post by: sqs17 on April 26, 2018, 02:28:58 PM


https://tribune.com.pk/story/1694258/1-sharifs-zardari-among-sugar-mill-owners-summoned-supreme-court/
Title: Re: Sugar Sector
Post by: sqs17 on April 27, 2018, 01:04:26 AM

https://urdu.geo.tv/latest/183557-
Title: Re: Sugar Sector
Post by: Salammembers on May 11, 2018, 12:22:09 PM
Short term tezi expected in sugar sector next week-Ramadan celebrations  :o
Title: Re: Sugar Sector
Post by: Salammembers on May 11, 2018, 12:23:02 PM
Short term tezi expected in sugar sector next week-Ramadan celebrations  :o

Possibility nothing guaranteed :rtfm:
Title: Re: Sugar Sector
Post by: Stock_Cheeta on May 14, 2018, 09:37:20 PM
Short term tezi expected in sugar sector next week-Ramadan celebrations  :o

Possibility nothing guaranteed :rtfm:
NONS ki koi report???
Title: Re: Sugar Sector
Post by: Salammembers on May 15, 2018, 01:59:22 AM
Short term tezi expected in sugar sector next week-Ramadan celebrations  :o

Possibility nothing guaranteed :rtfm:
NONS ki koi report???
nahi, sorry :console:
Title: Re: Sugar Sector
Post by: onlybulls on May 23, 2018, 09:41:01 PM
Agsml fate will be decided on Friday.
Delist or trading resume.
Let's pray for Good.
All holders.

 :fingerscrossed1:  :fingerscrossed1:
Title: Re: Sugar Sector
Post by: sohail memon on June 11, 2018, 12:06:54 PM
 :dance goog news 4 agsml holders agsml post .069 profit and agm on 30 june very soon resume
Title: Re: Sugar Sector
Post by: onlybulls on June 11, 2018, 01:44:40 PM
:dance goog news 4 agsml holders agsml post .069 profit and agm on 30 june very soon resume
This result is of 2017 and still no body knows about 2018. Anyway good move.
Are you also from anjuman mutasreen agsml ?
I mean to say people who got stuck during suspension.
Title: Re: Sugar Sector
Post by: onlybulls on September 19, 2018, 09:35:00 PM
:dance goog news 4 agsml holders agsml post .069 profit and agm on 30 june very soon resume

Agsml ki sirf aik objection reh gaye ha (k)
Kia reason ha ke agsml 4 objection me se 3 ko door ker gaye but last wali me delay kr rhi ha jo time last objection ke lie mila tha usme objection door na ki ab mzeed 60 days.

(K)
objection is failed to comply with the requirement of listing of companies and securities regulation.

Any brother Kia aap bta skte ho what does it mean ye kia objection ha.
Title: Re: Sugar Sector
Post by: aharoon on October 17, 2018, 08:14:58 PM
In international market
Sugar futures are more than 30% appreciated ..
Sugar sector main investment banti hai
Title: Re: Sugar Sector
Post by: aharoon on October 17, 2018, 08:15:45 PM
In international market
Sugar futures are more than 30% appreciated ..
Sugar sector main investment banti hai
Just in a month 30% surge
Title: Re: Sugar Sector
Post by: aharoon on October 17, 2018, 08:26:30 PM
In international market
Sugar futures are more than 30% appreciated ..
Sugar sector main investment banti hai
Just in a month 30% surge
Sakrand sugar mills and shakarganj foods are the best picks
Title: Re: Sugar Sector
Post by: rashid.Maria on October 17, 2018, 08:43:07 PM
In international market
Sugar futures are more than 30% appreciated ..
Sugar sector main investment banti hai
Just in a month 30% surge
Sakrand sugar mills and shakarganj foods are the best picks



IK said on ARY news kai government IMF kai pas nahi jai gi
Title: Re: Sugar Sector
Post by: rashid.Maria on October 17, 2018, 08:44:55 PM
In international market
Sugar futures are more than 30% appreciated ..
Sugar sector main investment banti hai
Just in a month 30% surge
Sakrand sugar mills and shakarganj foods are the best picks



IK said on ARY news kai government IMF kai pas nahi jai gi


Loo market green tomorrow
Title: Re: Sugar Sector
Post by: aharoon on October 17, 2018, 08:53:50 PM
In international market
Sugar futures are more than 30% appreciated ..
Sugar sector main investment banti hai
Just in a month 30% surge
Sakrand sugar mills and shakarganj foods are the best picks



IK said on ARY news kai government IMF kai pas nahi jai gi


Loo market green tomorrow
Paglay it will create liquidity crunch !!
Kal dollar dekheeo Phir laoo Kareeo market main...
Countries jazbaat se Nahin hosh o hawas se chala Karti Hain.. Tera IK 150rs dollar Ke taraf laikar Jaa Raha Hai country ko
Title: Re: Sugar Sector
Post by: rashid.Maria on October 17, 2018, 09:53:09 PM
In international market
Sugar futures are more than 30% appreciated ..
Sugar sector main investment banti hai
Just in a month 30% surge
Sakrand sugar mills and shakarganj foods are the best picks



IK said on ARY news kai government IMF kai pas nahi jai gi


Loo market green tomorrow
Paglay it will create liquidity crunch !!
Kal dollar dekheeo Phir laoo Kareeo market main...
Countries jazbaat se Nahin hosh o hawas se chala Karti Hain.. Tera IK 150rs dollar Ke taraf laikar Jaa Raha Hai country ko



Mera bhai Imran khan nai kha hai kai aik dost country paisa dai raha hai ais lya  wo  IMF kai pas nahi ja raha. Ais ka benefit ho ga kai IMF ki conditions nahi manini para gi  aor dollar bi control mai raha ga below 125
Title: Re: Sugar Sector
Post by: aharoon on October 17, 2018, 10:05:12 PM
In international market
Sugar futures are more than 30% appreciated ..
Sugar sector main investment banti hai
Just in a month 30% surge
Sakrand sugar mills and shakarganj foods are the best picks



IK said on ARY news kai government IMF kai pas nahi jai gi


Loo market green tomorrow
Paglay it will create liquidity crunch !!
Kal dollar dekheeo Phir laoo Kareeo market main...
Countries jazbaat se Nahin hosh o hawas se chala Karti Hain.. Tera IK 150rs dollar Ke taraf laikar Jaa Raha Hai country ko



Mera bhai Imran khan nai kha hai kai aik dost country paisa dai raha hai ais lya  wo  IMF kai pas nahi ja raha. Ais ka benefit ho ga kai IMF ki conditions nahi manini para gi  aor dollar bi control mai raha ga below 125
Lol ..
Mere seedhay Bhai aap bohat bholay hoo.. Pakistan ka dost Koe Nahin mere Bhai .. Pakistan hamesha se America Ke Janeman Raha Hai.. ab tu khud sooch Teri Janeman se Koe Dosti karay ussay date pe lai jai tou Teri gaaf kitni solgay gi.. Aisay hee Kuch America Kay jazbaat Hain..
Imran Khan Aik soochi samjhi sazish Kay establishment Kay haathon use hoo Raha Hai country Aur uski economy  ko de-stable karnay Kay liay..
Kabhi dost country Kabhi IMF ... Mazaaq bana Rakha Hai iss PM nay Economy ka ...
Stock market  ka tou Allah hee Hafiz hai
Title: Re: Sugar Sector
Post by: Salammembers on October 18, 2018, 12:19:23 AM
In international market
Sugar futures are more than 30% appreciated ..
Sugar sector main investment banti hai
Just in a month 30% surge
Sakrand sugar mills and shakarganj foods are the best picks



IK said on ARY news kai government IMF kai pas nahi jai gi


Loo market green tomorrow
Paglay it will create liquidity crunch !!
Kal dollar dekheeo Phir laoo Kareeo market main...
Countries jazbaat se Nahin hosh o hawas se chala Karti Hain.. Tera IK 150rs dollar Ke taraf laikar Jaa Raha Hai country ko



Mera bhai Imran khan nai kha hai kai aik dost country paisa dai raha hai ais lya  wo  IMF kai pas nahi ja raha. Ais ka benefit ho ga kai IMF ki conditions nahi manini para gi  aor dollar bi control mai raha ga below 125
Lol ..
Mere seedhay Bhai aap bohat bholay hoo.. Pakistan ka dost Koe Nahin mere Bhai .. Pakistan hamesha se America Ke Janeman Raha Hai.. ab tu khud sooch Teri Janeman se Koe Dosti karay ussay date pe lai jai tou Teri gaaf kitni solgay gi.. Aisay hee Kuch America Kay jazbaat Hain..
Imran Khan Aik soochi samjhi sazish Kay establishment Kay haathon use hoo Raha Hai country Aur uski economy  ko de-stable karnay Kay liay..
Kabhi dost country Kabhi IMF ... Mazaaq bana Rakha Hai iss PM nay Economy ka ...
Stock market  ka tou Allah hee Hafiz hai


https://tribune.com.pk/story/1827484/1-individual-tax-payers-offered-amnesty/
Kaam hoo rahaaa haay bhai,
Imf ki karwi goli PM meethi kaar k khilanaay ki Koshish kaar rahaa haay  :rtfm:
That’s pure politics  :skeptic:
I think direction so far theek haay , mkt likely to b green tomorrow but sell on strength still
First priority though cherry picking by long term investors start hoo sakti haay shlowly shlowly pl
Title: Re: Sugar Sector
Post by: onlybulls on November 20, 2018, 01:37:14 PM
Sagars started inching up  :thumbsup_anim: :thumbsup_anim: .
Title: Re: Sugar Sector
Post by: onlybulls on December 12, 2018, 02:35:33 PM
https://www.psx.com.pk/notices-updates/detail2.php?0.5538463964714762&id=4&nid=123379

Today on psx website in companies announcement. I think this effort is to remove objection k of agsml.
Title: Re: Sugar Sector
Post by: onlybulls on January 02, 2019, 10:23:42 AM
https://www.psx.com.pk/notices-updates/detail2.php?0.5538463964714762&id=4&nid=123379

Today on psx website in companies announcement. I think this effort is to remove objection k of agsml.

https://www.psx.com.pk/phps/index1.php#

Today after 2 years of suspension of share agsml I sold agsml after secp putted into normal counter today.
Thanks to Allah Almighty.
Title: Re: Sugar Sector
Post by: karehman on January 02, 2019, 04:24:49 PM
https://www.psx.com.pk/notices-updates/detail2.php?0.5538463964714762&id=4&nid=123379

Today on psx website in companies announcement. I think this effort is to remove objection k of agsml.

https://www.psx.com.pk/phps/index1.php#

Today after 2 years of suspension of share agsml I sold agsml after secp putted into normal counter today.
Thanks to Allah Almighty.

KITNI QUANTITY SALE KI HAY AAP NE???

yeh 5 years FUTURE PLAN hay 31-DEC ko PRESENTATION thi in ki
https://www.psx.com.pk/newsimage/123953-1.pdf
Title: Re: Sugar Sector
Post by: onlybulls on January 02, 2019, 04:50:41 PM
https://www.psx.com.pk/notices-updates/detail2.php?0.5538463964714762&id=4&nid=123379

Today on psx website in companies announcement. I think this effort is to remove objection k of agsml.

https://www.psx.com.pk/phps/index1.php#

Today after 2 years of suspension of share agsml I sold agsml after secp putted into normal counter today.
Thanks to Allah Almighty.

KITNI QUANTITY SALE KI HAY AAP NE???

yeh 5 years FUTURE PLAN hay 31-DEC ko PRESENTATION thi in ki
https://www.psx.com.pk/newsimage/123953-1.pdf
Bhai share bik gia ab Company janay aur inke plan janain. Bye agsml.
Title: Re: Sugar Sector
Post by: aharoon on January 02, 2019, 04:59:40 PM
https://www.psx.com.pk/notices-updates/detail2.php?0.5538463964714762&id=4&nid=123379

Today on psx website in companies announcement. I think this effort is to remove objection k of agsml.

https://www.psx.com.pk/phps/index1.php#

Today after 2 years of suspension of share agsml I sold agsml after secp putted into normal counter today.
Thanks to Allah Almighty.

KITNI QUANTITY SALE KI HAY AAP NE???

yeh 5 years FUTURE PLAN hay 31-DEC ko PRESENTATION thi in ki
https://www.psx.com.pk/newsimage/123953-1.pdf
Bhai share bik gia ab Company janay aur inke plan janain. Bye agsml.
It's your business phir bhi I feel tum nay sell karnay Mai jaldi Kari.. Mai nay iska trading pattern aaj se 2 saal pehlay read Kara tha.. mere hisaab se iss Mai punter Betha hai for double digits .. let's see
Title: Re: Sugar Sector
Post by: Avi2013 on January 02, 2019, 05:25:47 PM
https://www.psx.com.pk/notices-updates/detail2.php?0.5538463964714762&id=4&nid=123379

Today on psx website in companies announcement. I think this effort is to remove objection k of agsml.

https://www.psx.com.pk/phps/index1.php#

Today after 2 years of suspension of share agsml I sold agsml after secp putted into normal counter today.
Thanks to Allah Almighty.

KITNI QUANTITY SALE KI HAY AAP NE???

yeh 5 years FUTURE PLAN hay 31-DEC ko PRESENTATION thi in ki
https://www.psx.com.pk/newsimage/123953-1.pdf
Bhai share bik gia ab Company janay aur inke plan janain. Bye agsml.
It's your business phir bhi I feel tum nay sell karnay Mai jaldi Kari.. Mai nay iska trading pattern aaj se 2 saal pehlay read Kara tha.. mere hisaab se iss Mai punter Betha hai for double digits .. let's see

https://www.psx.com.pk/notices-updates/detail2.php?0.5538463964714762&id=4&nid=123379

Today on psx website in companies announcement. I think this effort is to remove objection k of agsml.

https://www.psx.com.pk/phps/index1.php#

Today after 2 years of suspension of share agsml I sold agsml after secp putted into normal counter today.
Thanks to Allah Almighty.

KITNI QUANTITY SALE KI HAY AAP NE???

yeh 5 years FUTURE PLAN hay 31-DEC ko PRESENTATION thi in ki
https://www.psx.com.pk/newsimage/123953-1.pdf
Bhai share bik gia ab Company janay aur inke plan janain. Bye agsml.
It's your business phir bhi I feel tum nay sell karnay Mai jaldi Kari.. Mai nay iska trading pattern aaj se 2 saal pehlay read Kara tha.. mere hisaab se iss Mai punter Betha hai for double digits .. let's see

Pheli bar haroon ne koe sahi baat ki hai...
yeh double shah hai...... I will buy heavy around 4.5 - 4.30 if comes
Inshallah
yeh 10+ easily hai
Title: Re: Sugar Sector
Post by: omer8080 on January 02, 2019, 08:51:25 PM
Agsml annual meeting on 7th January. Usually I saw shares who restore took 2 to 3 caps.... This was the bad experience about agsml for me... On lower lock I bought more because I know punter is active in agsml
Title: Re: Sugar Sector
Post by: onlybulls on January 08, 2019, 08:22:51 PM
https://formerweb.psx.com.pk/notices-updates/detail2.php?0.5813027226566052&id=4&nid=124157

Sugar companies apni agm date extend kiyun kr rhi Han. Above is hsm before this aik aur company ne bhi extend ki.
Title: Re: Sugar Sector
Post by: ali-ahmad on January 08, 2019, 08:53:33 PM
Agsml ko 6 per bye bye ker dia tha. Iski balance sheet utha ke dekho. Losses hi losses. 1 rupay ka bi ye share nahe hai. 1.6 billion ke losses hain or equity 80 karore ke kareeb hai.
Title: Re: Sugar Sector
Post by: onlybulls on January 08, 2019, 09:24:04 PM
Agsml ko 6 per bye bye ker dia tha. Iski balance sheet utha ke dekho. Losses hi losses. 1 rupay ka bi ye share nahe hai. 1.6 billion ke losses hain or equity 80 karore ke kareeb hai.

Yar apko meray Question ka hi wait tha on sugarsector ab hsm ke post oper reh gaye. Aur apka topic on last. Anyway agr agsml beech dia apnay too bhool jaoo. Oper comment dekho mainay usee din sell kr dia tha. Pm apko aur karehman ko bhi kia tha sell rate ka ke mera kia tha. Agsml ke baray humne jitna discuss kia already boht ha  ;)

Now again I ask on my above second last comment.

Any body else about agm extension of sugar companies ? Koi khtre wali baat to nhi.
Title: Re: Sugar Sector
Post by: ali-ahmad on January 08, 2019, 10:30:15 PM
I read ur message. Hum to ab kabi bhool ker iski terf naje dekhian gay. Chahay ye 20 ka hoo jae.
Title: Re: Sugar Sector
Post by: onlybulls on January 08, 2019, 10:59:05 PM
I read ur message. Hum to ab kabi bhool ker iski terf naje dekhian gay. Chahay ye 20 ka hoo jae.
Yehi baat. Same thought you have like mine  ::) . Same same.
Title: Re: Sugar Sector
Post by: Amjad Ali on February 25, 2019, 11:21:41 AM
Failure to export sugar on time: SBP tells banks to slap penalty of 15 percent of contract value

https://fp.brecorder.com/2019/02/20190224449689/
Title: Re: Sugar Sector
Post by: stuka on March 18, 2019, 10:48:21 AM
ethanol gaining momentum.

focus on firms who shifted to ethanol export

Title: Re: Sugar Sector
Post by: yahiam on March 18, 2019, 11:18:13 AM
I think one should check out Al Abbas Sugar... its quite attractive on valuations...DCF based Value is around Rs. 245-250/sh
Title: Re: Sugar Sector
Post by: zelmc on March 18, 2019, 12:35:25 PM
ethanol gaining momentum.

focus on firms who shifted to ethanol export

Don't you think imposition of sales tax on Molasses will affect ethanol margins?
Title: Re: Sugar Sector
Post by: stuka on March 19, 2019, 08:30:22 AM
ethanol gaining momentum.

focus on firms who shifted to ethanol export

Don't you think imposition of sales tax on Molasses will affect ethanol margins?

sales tax to pehly b tha i think. but now they made it compulsory to buy and sell from registered persons only.

other thing that should be of concern is that Ethanol export is allowed if internally generated molasses or molasses bought from sugar mills is used only.

strange law ha ajeb duffer govt ha. export ho rhi or us pr b dramay kr rhy
Title: Re: Sugar Sector
Post by: onlybulls on April 12, 2019, 10:29:03 PM
Imperial sugar.
Tandiwala sugar.
Ansari sugar.
Dewan sugar.

All placed in defaulter segment in last two weeks.
Title: Re: Sugar Sector
Post by: stuka on April 16, 2019, 08:25:52 AM
Ethanol exports are down 14% in jan to march as compared to last year.

Sugar prices are inching up slowly since january....

we might see good results from companies engaged in both ethanol and sugar production...
Title: Re: Sugar Sector
Post by: arshi on October 16, 2019, 06:58:05 PM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time
Title: Re: Sugar Sector
Post by: LongHaul on October 16, 2019, 07:08:10 PM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time

Zyada meetha ho jaye to offload kar dain  :thumbsup_anim:

Jokes apart, the decision to offload depends on your buying price and profit expectation.
Title: Re: Sugar Sector
Post by: Alpha on October 17, 2019, 01:42:19 AM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time

Inventory is depleting fast while this year's sugarcane forecast is lower than last year also international sugar price is increasing
so sweet days for sugar....
Title: Re: Sugar Sector
Post by: arshi on October 17, 2019, 06:41:59 AM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time

Inventory is depleting fast while this year's sugarcane forecast is lower than last year also international sugar price is increasing
so sweet days for sugar....
Thanx sir
Title: Re: Sugar Sector
Post by: optimistic on October 17, 2019, 11:16:30 AM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time

Inventory is depleting fast while this year's sugarcane forecast is lower than last year also international sugar price is increasing
so sweet days for sugar....
Thanx sir

Sugar ex-mill price above 85+ sky high to makes reasonable profits by millers.
Title: Re: Sugar Sector
Post by: stuka on October 17, 2019, 11:34:59 AM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time

Inventory is depleting fast while this year's sugarcane forecast is lower than last year also international sugar price is increasing
so sweet days for sugar....
Thanx sir

Sugar ex-mill price above 85+ sky high to makes reasonable profits by millers.

seems rumor to me
Title: Re: Sugar Sector
Post by: arehman on October 17, 2019, 12:26:29 PM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time

Inventory is depleting fast while this year's sugarcane forecast is lower than last year also international sugar price is increasing
so sweet days for sugar....
Thanx sir

Sugar ex-mill price above 85+ sky high to makes reasonable profits by millers.

seems rumor to me
Thanks to Jehangir Tareen from 50 to 80s
Title: Re: Sugar Sector
Post by: optimistic on October 17, 2019, 10:10:45 PM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time

Inventory is depleting fast while this year's sugarcane forecast is lower than last year also international sugar price is increasing
so sweet days for sugar....
Thanx sir

Sugar ex-mill price above 85+ sky high to makes reasonable profits by millers.

seems rumor to me

Its not rumour, my few friends works in sugar mills listed in finance department and exports sales too, today rate is 85+
Title: Re: Sugar Sector
Post by: arehman on October 18, 2019, 10:12:06 PM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time

Inventory is depleting fast while this year's sugarcane forecast is lower than last year also international sugar price is increasing
so sweet days for sugar....
Thanx sir

Sugar ex-mill price above 85+ sky high to makes reasonable profits by millers.

seems rumor to me

Its not rumour, my few friends works in sugar mills listed in finance department and exports sales too, today rate is 85+
Why was skrs lower locked
Title: Re: Sugar Sector
Post by: optimistic on October 18, 2019, 11:19:20 PM
Can anyone please share the reason for rally in this sector, should one hold these scripts or offload at what time

Inventory is depleting fast while this year's sugarcane forecast is lower than last year also international sugar price is increasing
so sweet days for sugar....
Thanx sir

Sugar ex-mill price above 85+ sky high to makes reasonable profits by millers.

seems rumor to me

Its not rumour, my few friends works in sugar mills listed in finance department and exports sales too, today rate is 85+
Why was skrs lower locked

It rallied from 7 to straight 14+ so expect some profit takings, results of sugar sector will be good as old inventories depleted and sugarcane crops shortage in coming season,  companies which holdings huge inventories on june 2019 closing will post good results in 4th Qtr sept and 1qtr Dec 2019.
Title: Re: Sugar Sector
Post by: arshi on October 20, 2019, 11:43:12 AM
Dear Optimistic bhi, can we see more rally in this sector,
What will be your favorite stocks to buy fresh and at what levels
Title: Re: Sugar Sector
Post by: optimistic on October 20, 2019, 03:17:01 PM
Dear Optimistic bhi, can we see more rally in this sector,
What will be your favorite stocks to buy fresh and at what levels

I see good upside in hsm, jsml, al noor sugar, shah taj sugar,  sugar price in local market is on higher trend and old inventories depleted no more glut, sugarcane crops shortage is there so there will no be further glut in coming season,  sugar annual results due in Dec 2019 so expect so further rally in this sector.  Key risks would be higher sugarcane support price fixed by Govt else all fine.
Title: Re: Sugar Sector
Post by: onlybulls on November 12, 2019, 08:36:40 PM

Nov 12, 2019    5:07 PM    Haseeb Waqas Sugar Mills Limited Placed on Defaulters Segment

https://dps.psx.com.pk/download/attachment/139156-1.pdf
Title: Re: Sugar Sector
Post by: zelmc on December 04, 2019, 04:21:10 PM
https://profit.pakistantoday.com.pk/2019/12/03/punjab-sugar-mills-halt-crushing-owing-to-non-availability-of-sugarcane/
Title: Re: Sugar Sector
Post by: SBM on March 09, 2020, 11:12:16 PM
https://www.brecorder.com/2020/03/02/576173/cotton-cane-do-not-compete-for-the-same-acres-an-interview-with-nauman-ahmed-khan-managing-director-almoiz-group/
Title: Re: Sugar Sector
Post by: SBM on March 30, 2020, 03:23:38 AM
https://www.bloomberg.com/news/features/2020-03-28/america-s-sugar-cane-growers-have-a-burning-problem?srnd=premium-asia
Title: Re: Sugar Sector
Post by: SBM on March 30, 2020, 03:24:28 AM
 Corn ethanol plants are closing across the U.S., Brazilian producers of sugar cane-based fuel are sinking further into debt and efforts to use more biofuel are being jeopardized in Asia
really bad news for ethanol making plants in pakistan