Pakinvestorsguide

The Market ! => Pak Equities => Topic started by: Farzooq on June 25, 2011, 11:59:13 AM

Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 25, 2011, 11:59:13 AM
All about engro foods
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 25, 2011, 12:06:43 PM
http://engro.com/wp-content/themes/engro-v1.0/pdf/quarterlyreport2011/EngroFoodProspectusIPO.pdf
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abbas on June 25, 2011, 07:26:47 PM
Is it worth buying at RS 25.01?
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on June 26, 2011, 02:58:18 AM
provisional trading ho gee iss main
Title: FCEPL -- formerly Engro Foods Limited
Post by: MAR on June 26, 2011, 07:45:06 PM
Is it worth buying at RS 25.01?

Could some one provide a comparison of EFL v/s EPCL .... prospectus is comparing EFL with Nestle which in no way is a valid comparison.

As a consumer of I personally would never go for any of Engro product against an available Nestle product ... I did a test with Olfer v/s MilkPack.
Title: FCEPL -- formerly Engro Foods Limited
Post by: jawaddar on June 26, 2011, 08:01:41 PM
Is it worth buying at RS 25.01?

Could some one provide a comparison of EFL v/s EPCL .... prospectus is comparing EFL with Nestle which in no way is a valid comparison.

As a consumer of I personally would never go for any of Engro product against an available Nestle product ... I did a test with Olfer v/s MilkPack.

But engro is leader in UHT milk as per prospectus
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on June 26, 2011, 10:05:06 PM
Is it worth buying at RS 25.01?

Could some one provide a comparison of EFL v/s EPCL .... prospectus is comparing EFL with Nestle which in no way is a valid comparison.

As a consumer of I personally would never go for any of Engro product against an available Nestle product ... I did a test with Olfer v/s MilkPack.

They have 40% share of the UHT milk industry. Tarang is also their brand. They have ventured into many other products as well.

And why would you compare a food company with a polymers and chemicals company? Nestle and UniLever Foods are the best comparison for Engro Foods.

Thanks.
Title: FCEPL -- formerly Engro Foods Limited
Post by: jaz on June 26, 2011, 10:16:02 PM
comparison? its madness. look at the debt of efl, look at its earning, no of shares, cash balance. Its ridiculous. dont think that engro will share the earnings with share holders. it will mostly go to debt servicing. an eps of less than 1 and offer price of 25. it will be hugely under subscribed. after a couple of months you will find it under 15 rs any way......
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 26, 2011, 10:26:46 PM
Engro Foods Limited was formed as a wholly owned subsidiary of ECorp in 2005. The Company
started operations in 2006 and has become a major player in the Food Industry of Pakistan in a
span of 5 years. It has attained market leadership in Ultra High Temperature (?UHT?) Industry
at the end of 2010 and has launched multiple new products including Ice Cream, Flavored Milk,
Fruit Juices and Milk Powders, that show great potential for future.

To support these brands and their highest standards of quality, E Foods has invested heavily in
milk processing and milk collection infrastructure. In addition, the Company has innovated by
venturing out of the dairy sector and stepping in the Beverage Industry by launching Olfrute
and ice cream industry by launching Omoré .

The Company is also entering into international markets. Its first venture is to manage a Halal
food business in North America known as ?Al-Safa? , which was recently acquired by E Corp at
a total cost of US Dollars 6.3 million. The entire shares of Al-Safa are proposed to be purchased
by the Company from ECorp at cost (being the actual rupee amount invested in Al-Safa) subject
to requisite approvals from the Regulator. Details of the ?Al-Safa? acquisition are mentioned
in Section 4.52 of the OFSD.

E Foods strategy from the very beginning was to make heavy investments in the infrastructure
development and brand building in the initial years. At present, the Company has reached a point
where it has built the critical mass in terms of its infrastructure and significant top of mind with
consumers. With established leadership in the Ambient UHT market, well diversified product
portfolio and strong top of mind brand awareness, the Company is poised to normalize its
marketing investments in line with the industry standards and benefit from the momentum built
in the recent years.

The impact of the heavy investments in initial years resulted in the losses carried in the book.
However, going forward the Company plans to deliver significant improvement in the bottom
line trends as it benefits from the investments in the initial years.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 26, 2011, 10:31:38 PM
Income Statement (PKR Million) 2006 2007 2008 2009 2010
Net Sales                         1,506 3,631 8,173 14,665 21,050
EBITDA                               (509) (706) (323) 246 1,656
Net Profit/ (Loss) for the year (428) (620) (554) (435) 177
Title: FCEPL -- formerly Engro Foods Limited
Post by: Daftari on June 26, 2011, 10:37:51 PM
Farzooq bhai is it worth subscribing,
People have been telling me of serious capital gains in the next 3 years, plus a dividend payment ability, two years down the lane, what is your call, and what could be the likely gains, both div yield and capital gains?
 :thanks:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 26, 2011, 10:43:43 PM
Farzooq bhai is it worth subscribing,
People have been telling me of serious capital gains in the next 3 years, plus a dividend payment ability, two years down the lane, what is your call, and what could be the likely gains, both div yield and capital gains?
 :thanks:

it sure is attractive but for mid to long term
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 26, 2011, 10:48:04 PM
Engro Foods Ltd: Offer for Sale

Having commenced operations in 2005 and achieving breakeven in 2010, Engro Foods Ltd (EFoods) will now be listed on the local bourses through an Offer for Sale. In this regard, following a successful private placement of 48mn shares, ENGRO will offer 27mn shares (3.61% of total shares) to the general public. While the company is still relatively young, it has managed to expand its product suite across UHT milk, powdered milk, cream, ice cream, juices, rice processing and halal meat. As a result, net sales have expanded from PkR1.51bn in CY06 to PkR21.1bn in CY10, a growth CAGR of 93%.  Profitability is now beginning to show traction with revenue growth - 1QCY11 profits of PkR117mn alone accounted for 2/3 of full-year CY10 profits. Going forward, EFoods management projects NPAT of PkR727mn (EPS: PkR0.97) in CY11 and NPAT of PkR1,679mn (EPS: PkR2.24) in CY12. On CY12 projected earnings, the offer price of PkR25/share implies a forward PER of 11.1x.

akd
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dhillon on June 27, 2011, 06:14:08 AM
kindly someone write the brand name. Thanks

Name of products                   Brand Names

1)UHT milk
2)powdered milk
3)cream
4)ice cream
5)juices
6)rice
7)Halal Meet

It is explicit that sale of E-Foods is escalating from 1.5 billion to 21.1 billion during the 2006 to 2010. Potential of 2011 is built-in in my opinion in the offer price Rs.25. it is good stock. Hawk eye of the investors will be on the stock. Like every share this will also provide the attractive opportunity to buy at the less price.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 27, 2011, 09:56:41 AM
Portfolio expansion at a glance

2006 Olpers Olpers Cream
2007 Tarang Tarrka Glorious
2008
2009 Omore Owsum
2010 Olfrute Tarang Powder
2011 Olper?s Lite
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 27, 2011, 11:48:48 AM
Foods going public – we see value
Engro also announced an offer for sale of 27mn shares of Engro Foods on 5?7th July at
PRs25/sh. EFoods is a compelling growth story, in our view, which plays up to Pak rural
strength and targets underpenetrated niches. After 93% revenue CAGR since 2006, we now
eye 22% 5?year revenue and 77% earnings CAGR for Foods over 2010?15E. We value Engro
Foods at PRs37/sh (of Foods).

kasb
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 27, 2011, 12:15:37 PM
Engro Foods; Offer for Sale
Engro Corporation (ENGRO) has expressed “Offer for Sale” (OFS) of 27mn
ordinary shares of Engro Foods Limited (EFoods) to general public at PKR
25/share. ENGRO has already offered 48mn shares through a Private Placement
to a group of foreign and local investors. The subscription is likely to take place
from 5th Juy-7th July 2011 during banking hours. The Offer Price includes a
premium of PKR 15/share, this transaction will generate a gain on sale of PKR
1,125mn, translating into after tax per share impact of PKR 2.24/share for
ENGRO. On CY12 earnings projection of the company the Efoods offers an
implied PER of 11.1x.
The proceeds of the transaction would be utilized in undertaking capital
expenditure for the following requirements:
? Increasing market share in the Dairy, Milk, Farming and Ice-cream
segments.
? Investment in its subsidiary, Engro Foods Supply Chain (Pvt.) Limited.

Company’s Products Overview
UHT diary with 39% EFood share leading the unprecedented growth
? Dairy and Juices (DJ) Segment - DJ has launched nine brands in the
domestic market over the span of five years. These brands include Olper’s
Milk, Olwell, Tarang Liquid and Powdered Tea Creamer, flavored milk by
the brand name Owsum, a range of juices and nectars by the brand name
Olfrute and others. The company further intends to expand its product
range with the introduction of Growing up Milk Powder (GUMP), Infant
Nutrition, Cereals, Yogurt drinks, etc.
? The Ice Cream segment is under the brand name Omoré. The brand has so
far has captured 17% of the market share, while experiencing a strong
volumetric growth of 20%. The segment has become second largest
contributor after UHT Milk.

Company’s Capex plan going forward
In order to maintain the market share, the company would need to adopt an
aggressive growth strategy, considering the food industry is in growth stage. For
CY11, Engro Foods has budgeted a capex of PKR 5.2bn including investment in
the supply chain subsidiary. Out of this, PKR1.6bn capex has been incurred
while 3.6bn is still to be invested. Capex will be funded by a mix of internal cash
generation (PKR 2.1bn), private placement (PKR 1.2bn) and the remaining
through debt financing.

Recent financial performance of the company
Net revenues of the company have grown at a CAGR of 94% from CY2006-
CY2010. In CY2010 it posted a profit of PKR 176mn compared to loss of PKR
433mn registered in CY2009. Moreover, in 1QCY11 Engro Foods recorded a
Profit after tax (PAT) of PKR 117mn. This accounted for 66% of profitability of
CY2010. As per management estimates, CY2011 EPS is likely to be PKR 0.97
whereas for CY2012 they expect to be around PKR 2.24/share.

Key Consideration
? Engro Foods has a debt to equity ratio of 51% as at De 31st, 2010
? It is pertinent to mention that EFoods is likely to get a tax credit of 15%
announced in the federal budget of FY12.
? The company has offered Employee stock option scheme (ESOP). In a
span of four years from 2011-2014 the employees may exercise their call
option of total 21mn shares, which would lead to further dilution of shares.

AHL
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 27, 2011, 12:49:30 PM
Food Producers: Engro Foods OFS - Food For Thought

   Engro Foods (EFOODS) Offer for sale (OFS) is scheduled to take place between July 05, 2011 and July 07, 2011; the company plans to offer 27mn shares at PKR25/share to the general public

   We currently have a Subscribe stance on the company’s stock with a Dec 11 – target price of PKR35/share

   Population growth coupled with increasing health consciousness, is expected to aid the company growth going forward; we expect EFOODS’ revenues to grow to PKR82bn by 2015E

   Debt situation for the company is expected to remain stable over the medium term horizon, as increasing capacity is likely to improve operating cash flows going forward

   Current capital expenditure plans include increasing Ambient UHT milk capacity as well as entering into new ventures such as rice and powder milk
 
Metrics 2011E 2012E 2013E 2014E 2015E
EPS (PKR) 0.6 1.5 2.7 5.0 7.3
BVPS (PKR) 10.5 13.9 16.6 21.6 28.9
PER (x) 44.5 16.2 9.3 5.0 3.4
PBV (x) 2.4 1.8 1.5 1.2 0.9
Source: BMA Research
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 30, 2011, 09:46:17 AM
Engro Foods eyes acquisitions
 our correspondent
 Thursday, June 30, 2011

KARACHI: Engro Foods has set eyes on acquisitions to expand the business in Pakistan and abroad as it prepares to make initial public offering in the next few days, senior officials of the company said on Wednesday.

The Rs675 million which Engro Foods will raise from IPO of 27 million shares early next month will go mostly to support existing infrastructure of the dairy business, said Sarfaraz Rehman, the Chief Executive Officer.

“But in the next eight years, at least half of the revenue will come from international operations,” he said, talking to journalists about future plans. “Right now, we are heavily investing in our brands.”

The maker of Olper’s milk and Omore ice creams has recently acquired Al-Safa Halal, a small food company based in North America. Al-Safa markets cooked halal meat products, sourced from farms in Canada. The dairy business in Pakistan will not have any direct link with the Engro Foods’ global business unit (GBU), which has taken over Al-Safa. But it will be used to expand outreach to the Middle East and Europe in the next couple of years, said Ali Akbar, Vice President GBU. “There is a lot of opportunity for growth for Halal meat products. Muslim population is growing and the young generation wants easy-to-cook meals.”

Engro Foods officials said that a marketing plan including expenditure proposals for advertisement has been submitted to the board of directors for approval. “I can’t say how much we will be spending in North America under this head, but it is going to be just like any of the other brands we own,” said Akbar.

The company has already sold 48 million shares to National Bank of Pakistan (NBP) and AKD Securities. These shares cannot be traded before January 2012. This and the upcoming IPO will raise Rs1.2 billion for the company.

“This is all part of Rs7 billion capital expenditure plan,” said Rehman. “We have to build sheds for cows and spend on the dairy farm.”

After the IPO, 10 percent shares will be held by private investors while 90 percent stake in Engro Foods will remain with Engro Corporationóthe parent company.

“I know there is a lot of hype about the debt that Engro Corporation has raised. But let me assure you that that is not a problem and in any case Engro Foods is a separate entity,” said Rehman.
Title: FCEPL -- formerly Engro Foods Limited
Post by: addi on June 30, 2011, 09:49:02 AM
Farzooq, is it good to participate in IPO's? or but it from ready market....
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 30, 2011, 11:27:43 AM
Engro Foods: We recommend to “Subscribe” ….our DCF range Rs 140?150
Engro Foods Limited, has announced an Initial Public Offering of 27mn shares at Rs25/share
which would include a premium of Rs15/sh.
The subscription will be open from July 5 to July 7 and is expected to raise an amount of
Rs675mn which would help the company in financing its various projects.
We expect company’s fair value to be in the range of Rs140?Rs150 per share as per
our DCF model.
                     CY07          CY08         CY09          CY10           CY11           CY12           CY13
net sales         3,631,134   8,173,497   14,665,341  20,944,943   31,417,415   40,842,639   57,179,694
cost of sales    3,370,423   7,127,613   12,163,291  16,552,117   24,248,851   30,066,151   41,190,627
cost/sales        93%          87%           83%          79%            77%            74%            72%
gross profit      260,711      1,045,884   2,502,050   4,392,826     7,168,563    10,776,488   15,989,068
Source:Standard Capital Research

27mn shares constitute 3.61% of the total paid up share capital of Engro Foods Limited and are
an offer for sale by Engro Corporation Limited out of its shareholding in Engro Foods Limited.

We recommend ‘Subscribe’ and based on the market appetite we expect ‘IPO’ to be
oversubscribed. Please also see our detailed report on Engro Foods shortly.

All applications for 500 shares shall be accommodated first. If all applications for 500 shares
cannot be accommodated, then balloting will be conducted among applications for shares only.

scsec
Title: FCEPL -- formerly Engro Foods Limited
Post by: jaz on June 30, 2011, 12:02:46 PM
eps of 2 rs for fy 12 and fair value 150 ... :smilestar: buhat aala  :laugh:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 30, 2011, 01:09:56 PM
With a growing population (2010 growth rate: 2.05%)
the demand for processed food is anticipated to grow
in the coming years. This is what Engro Foods has
been doing and aims to capitalize on going forward.
Penetrating and diversifying into different areas of
high quality dairy segment, Engro Foods first tuned
into profits in 2010. Now with a strong foothold in the
UHT milk, ice cream and further potential for tapping the
growing demand with in the segments, the company is set to
be listed on the stock exchange. The offer price is set at Rs25
per share. Based on a DCF valuation of Rs35 per share, we
recommend ‘Subscribe’ on the stock as it offers a potential
upside of 40% to our target price.

What’s on offer?
Engro Corp (ENGRO) is planning to offer 27mn shares (3.6%
of the total paid up capital) of Engro Foods to the general
public at Rs25 per share. Subscription dates are July 5-7,
2011. The company has already raised Rs1.2bn (48mn share
at Rs25 each) through pre IPO to foreigners and local
institutions.

Product Portfolio: UHT milk to ice cream to rice
Since its inception in 2006, Engro Foods has been a story of
growth and diversifying its base into high quality dairy
products. Engro Foods started its business with a launch of all
purpose (Olpers) milk and cream. The company then
expanded into liquid tea whitener (Tarang) and cooking oil
(Tarka) in 2007. Since then, the company’s market share in
the ambient UHT market has grown many folds to 39% and
currently holds the position of a market leader. The
aggressive approach continued in 2009 with the launch of
Omore ice cream and flavored milk (Owsum) followed by fruit
juices (Olfrute: 1% market share) and powder tea whitener in
2010. The new addition to its exquisite product line is the rice
business (mainly export oriented) and its Global business unit
(GBU) Al Safa, a Halal meat brand in North America. Al Safa
is currently held under ENGRO’s books and will eventually be
bought by Engro Foods, subject to SBP approvals.

Profits to post a 4 year (2011-15) CAGR of 65%
We project the company’s earnings to grow at a 4 year (2011-
2015) CAGR of 65% to Rs5.5bn driven by untapped ambient
UHT milk demand in the country. Out of the total processed
milk market (only 7% of total the country’s milk production),
ambient UHT milk segment comprises of a mere 4%.
Furthermore, strong advertising effort to penetrate into the
markets of existing products (ice cream and juices) is also
likely to play its role.

Key numbers
2010A 2011E 2012F 2013F 2014F
EPS (Rs) 0.2 1.0 1.8 2.9 4.7
PBV (x) 3.6 2.3 1.9 1.6 1.2
PE (x) NM 25.2 13.5 8.5 5.3
Price/sales 0.9 0.6 0.4 0.3 0.3
Source: JS Research

Valuation: 40% upside to the offer price of Rs25
Using the DCF methodology with a risk free rate of 14.0% and
cost of equity of 19.7%, our fair value for Engro Foods arrives
at Rs35, which implies a 40% upside to the offer price of
Rs25 per share. Our liking for Engro Foods is also backed by
the company’s 2011E Price to sale of 0.6x which when
compared to Nestlé’s (its closest peer) average historic
multiple is at a deep discount of 67%.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 04, 2011, 12:40:42 PM
Engro Foods Limited ready to get listed
Engro Corporation (ENGRO) is divesting its shareholding in Engro Foods Limited
(EFL). ENGRO has already offered 48mn shares through a Private Placement to a
group of foreign and local investors. Now the company through Offer for Sale is
offering 27mn ordinary shares, to the general public at PKR 25/share including a
premium of PKR 15/share. The subscription will start from 5th July till 7th July,
2011 during the banking hours.

Engro Foods has come a long way
Engro Foods began its operation in CY2005, since then it has come a long way. It
started its operations from the launch of Olpers and in a span of only six years; it
has not only diversified its revenue base from ambient UHT to ice cream segment
but at the same time has gained a strong foot hold in many of these segments. It
dominates the UHT segment with a market share of 39%, leaving behind giant
players like Nestle and Haleeb. EFL has made its name in the ice cream segment
too evident from its 22% market share in just about a year and a half.

The company goes global
EFL has gone global by acquiring Al- Safa Halal at a price of US$6.3mn. Currently,
due to SBP’s terms and conditions the ownership remains under ENGRO which
eventually will be transferred to Engro Foods at cost. The company aims to target
Muslim population through Halal segment through this acquisition. EFL is also
planning to enter into the powdered milk market.
Furthermore, the company plans to tap the rice market of Pakistan through exports.
It has set up a rice processing plant through Engro Foods Supply Corporation
(EFSC), which would process and refine rice for the Engro Eximp. The plant has
capacity to process 28k tons of rice on per annum basis, which the company plans
to double by CY2012. EFSC has a “Take or Pay agreement” with Engro Eximp for
rice export and a guaranteed 18% IRR on assets while all the risks would be borne
by Engro Eximp.

Net revenues grew at a CAGR of 93% to PKR 21bn
Net revenues of the company have grown at a CAGR of 94% from CY2006-
CY2010. Major revenue contributor has been the UHT segment. Similarly, going
forward we believe UHT segment to remain the prime bread earner for the
company. In CY2010 EFL recorded a profit after tax (PAT) of PKR 176mn
compared to loss of PKR 433mn registered in CY2009. Moreover, in 1QCY11 EFL
exhibited a PAT of PKR 117mn. This accounted for 66% of profitability of CY2010.

Outlook
Going forward citing population growth and increased health awareness, we
estimate the company to experience both price and volumetric growth. New
avenues of growth such as rice and powder milk is expected to further augment
bottom-line growth. In order to achieve growth, the company would need to incur
heavy capex going forward which would be done through internal mix of debt and
equity. Thus, the debt to equity is anticipated to remain on the higher side.
Currently the debt/equity ratio of the company is 60:40. We believe the company’s
earnings to grow at a 4 year CAGR of 28% to PKR 4.4bn by CY2015 mainly driven
by untapped ambient UHT milk demand in the country.

We recommend SUBSCRIBE
We have used the Free Cash Flow for Equity (FCFE) methodology to value the
company. Our December 2011 Target price of PKR 30/share is derived through
terminal growth rate of 4% and a Cost of Equity (CoE) of 20.0%. For CoE
computation, we have used CAPM with Risk free rate of 14%, Risk premium of 6%
and beta of 1. At subscription price of PKR 25/share, the scrip offers an upside of
20% to our target price of PKR 30/share. Thus, we recommend SUBSCRIBE on
the stock.

AHL
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 04, 2011, 12:42:21 PM
TRIGGERS….LONG TERM INVESTMENT PROSPECTS
???? The company is planning on being the #2 player in juices and nectar segment within the
next 5 years, after Nestle;
???? Planning on expanding in the growing milk powder and infant nutrition category
(constituting 55% and 18% respectively of total market share) which will enable Engro
Foods to attain major portion of market share;
???? It has strategic advantage in terms of raw material supply, utilities, manpower and
warehousing as the Ice cream plant has been set up in the same facility as the Dairy
plant in Sahiwal;
???? Engro Foods is also making efforts to export rice and thereby earn revenues in foreign
currency;
???? Engro Foods has already started incurring capital expenditure for future expansions;
???? It is getting listed in order to raise finance for its future projects;
???? Some expansions are already being completed in CY11 such as Rice Plant capacity
expansion, Ultra Heat Treatment (UHT) machine imports already done and commercial
production expected to commence in July CY11.

ENGRO FOOD’S HISTORY AND ITS PRESENT….
Engro Foods Limited was formed as a wholly owned subsidiary of Engro Corporation
(ENGRO) in 2005. It started its operations in 2006 and since then has launched a number of
products which have yielded immense margins and flourished largely in the food industry.
Listing on KSE & LSE
Engro Foods is now on its way to becoming enlisted on the Karachi Stock Exchange and
Lahore Stock Exchange and is offering 27mn shares at an offer price of Rs25/sh (incl.
Rs15/sh premium). The public subscription will take place from July 5 to July 7, 2011 in
order to raise an amount of Rs675mn for financing future project.

REVENUE GENERATING SEGMENTS….
Dairy and Juices
Engro Foods main revenue generating area is the dairy segment which grew by 27% in CY10
with a sale of 310mn litres. One of the aspects of this segment is the ever increasing milk
prices which will continue to give huge margins to Engro Foods.

VALUE PROPOSITION
Engro Foods Ltd. appears value proposition given sponsors approach of investing in homegrown
businesses which is being a domain of MNCs since Pakistan’s inception. Hence we
have come up with a DCF price of Rs141.4/sh & CY11 EPS of Re0.97/sh. We see earnings
growth going forward in CY12 & CY13. Subscribe

scsec
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 04, 2011, 01:37:25 PM
Engro Foods - Crème de la crème
 
•Engro Corporation Limited (ENGRO) is all set to list its subsidiary, Engro Foods (EFL) via an offer for sale of 27mn shares to the public at an offer price of PKR 25 per share. The subscription dates are between Jul5’11 till Jul7’11, both days inclusive.

•We advise investors to subscribe to the issue as our Jun12 DCF-based fair value for EFL is PKR 32 per share, presenting an upside of 28% from the offer price of PKR 25.
 
•Based on our projected earnings and sales, we have also used relative multiples, where Engro Foods provides steep discounts to Nestle’s multiples.
 
•Engro Foods posted sales CAGR of 93% during CY06 and CY10, however, its bottomline continued to remain under pressure due to continuous expansion and heavy brand expenditure.
 
•The company posted its first year of profit in CY10 with bottomline coming in at PKR 177mn (EPS: PKR 0.24).
 
•Going forward, growth in the Dairy business, value added products such as juices and powdered milk being added to the portfolio, and a fixed IRR of 18% on the equity investment for the rice processing plant, are expected to translate into a forward 5yr CAGR of 28% and 88% in sales and net profit, respectively.
 
IGI Research
Title: FCEPL -- formerly Engro Foods Limited
Post by: raihan on July 04, 2011, 02:29:03 PM
Any Idea anybody it this is shariah compliant?? I mean Engro Foods Limited

thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: ek ka do, do ka char on July 04, 2011, 03:19:29 PM
as in above posts its given that its dec 10 based debt eq. ratio is 51 percent so it might not be sh. compliant
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dhillon on July 10, 2011, 05:53:23 AM
Institutional investors on Karachi’s Chundrigar Road, meanwhile, seem to like the stock.

“Engro Foods is a long term growth story,” says an equity portfolio manager at one of the largest asset management companies in Pakistan. “It is definitely worth having in our portfolio and given that it is a small offering, I think this is the time to buy it.”

Engro Corporation, the parent conglomerate of Engro Foods is selling only about 27 million out of the company’s 748 million shares, or about 3.6% of the firm.

There has, however, been speculation that the stock price may fall soon after its IPO, given what one portfolio manager called “the market’s anti-Engro sentiment.” Nonetheless, that same portfolio manager said that he planned on buying the stock once it falls. He is counting on it falling to between Rs20 and Rs22.
Published in The Express Tribune, July 7th, 2011
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 11, 2011, 08:51:06 PM
 :clap1:

Lao efl 22 per saab fraud hai
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 11, 2011, 09:01:40 PM
:clap1:

Lao efl 22 per saab fraud hai

yeh kya baat howi sirf 3rs ka fraud ??
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 12, 2011, 02:25:16 AM
i meant that all brokerage houses were bent on buying igi akd bma

now they talk about buying 22 23 due to negative sentiment besides all ipos have crashed and burned

HBL, AHBL, IFSL, DSL, DEL, FCIBL, EPCL

add efl to list of fraudia items
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 12, 2011, 05:28:56 AM
i meant that all brokerage houses were bent on buying igi akd bma

now they talk about buying 22 23 due to negative sentiment besides all ipos have crashed and burned

HBL, AHBL, IFSL, DSL, DEL, FCIBL, EPCL

add efl to list of fraudia items

That's because those IPO's were given at the peak of the market.

How can you say EFL is a fraud. Don't buy it and miss out on a great stock.

I have strong conviction about this stock and believe that it will give great returns in the long run. Tell me in 5-6 years whether this was a "fraudia" item or not.

Thanks.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AGz on July 12, 2011, 10:18:55 AM
i meant that all brokerage houses were bent on buying igi akd bma

now they talk about buying 22 23 due to negative sentiment besides all ipos have crashed and burned

HBL, AHBL, IFSL, DSL, DEL, FCIBL, EPCL

add efl to list of fraudia items

That's because those IPO's were given at the peak of the market.

How can you say EFL is a fraud. Don't buy it and miss out on a great stock.

I have strong conviction about this stock and believe that it will give great returns in the long run. Tell me in 5-6 years whether this was a "fraudia" item or not.

Thanks.

Bro he was talking short term, though in longer term we all agree that it'll be good gains. Let's talk about short term I also see a decline although I recommended a minimum buy of EFL to my colleagues  :goodc:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 15, 2011, 08:23:40 PM
Engro Foods subscription came in at 0.95x
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 16, 2011, 04:32:36 AM
Engro Foods subscription came in at 0.95x

95%? Not good news for the company. Meaning the price will probably drop a little after it starts trading, right? So would you all suggest buying a little and then waiting to buy the rest when the price comes down or just buy as much as possible when it comes out?

Thanks.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abdul Qadir on July 16, 2011, 02:52:27 PM
it can be bought around 20-21 rs.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AGz on July 18, 2011, 09:19:31 AM
Engro Foods subscription came in at 0.95x

95%? Not good news for the company. Meaning the price will probably drop a little after it starts trading, right? So would you all suggest buying a little and then waiting to buy the rest when the price comes down or just buy as much as possible when it comes out?

Thanks.

No dude he 0.95 is just 0.95, its not a percentage .. Meaning => It was a good purchase as its price earning ratio was exceptionally minimum  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 18, 2011, 01:41:06 PM
Under subscribed hai Bhai gee

meaning it was not a successful ipo price will surely drop

underwriters will be stuck with balance shares
Title: FCEPL -- formerly Engro Foods Limited
Post by: AGz on July 18, 2011, 03:54:32 PM
Under subscribed hai Bhai gee

meaning it was not a successful ipo price will surely drop

underwriters will be stuck with balance shares

Yea I read about it .. Was just messing with him  :bangin:
Sorry I forgot to tell him the reality might have hurt him  :thanks:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 19, 2011, 01:44:25 PM
When is trading gonna commence
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on July 19, 2011, 09:13:18 PM
bilal bhai kitnay per uthaa rahay hain is ko.. :skeptic:
When is trading gonna commence
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 19, 2011, 09:48:59 PM
Trading Kay baad he pata chalay ga Kya scence hota hai historically ipo shares move in upward direction for 1 - 2 sessions

7 10 din bad he haath dalain gay I did not subscribe due to laziness and all the siapa it is

I have no clue where it will trade but I will buy 1000 - 2000 shares
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on July 20, 2011, 06:33:47 AM
totally agreed on 1-2 session bullishness...will also wait and see it stabilisng first.

me IPO bhara kerta tha..but recent streak of disasters in IPOs keeps me away from them for good.

recently launced koi bhi IPO perform nahee ker raha...then why bother going thru the torture of subscription

the shud have made it easier by credit cards or brokerage accounts online subscribtion or something

khair..bharna tu phir bhi nahee thaa :arrowhead:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on August 04, 2011, 02:58:25 PM
The half yearly result of Engro Foods is in and it has shown great improvement as compared to
the same period last year.
It has yielded an EPS of Re0.3/sh as against LPS of Re ?0.33/sh in the same period last year thereby
presenting a major increase of 191% (increasing from a loss per share of 0.33). This high EPS was
mainly contributed by Engro Foods revenue of Rs13bn and hiked operating profit of 6%, showing
an increase of 2271%, which is a major increase witnessed by Engro Foods.

P & L a/c Rs'000         2QCY10       2QCY11      %Chg   1HCY10        1HCY11        %Chg
Net sales                   4,788,428    7,081,088   48%     9,529,338     13,443,612   41%
COS                          (3,827,989) (5,636,893) 47%     (7,527,427)  (10,621,716) 41%
GP                            960,439      1,444,195   50%      2,001,911    2,821,896     41%
Dist & mkt exps.          (914,146)    (881,103)   4%       (1,737,889)  (1,701,724)  2%
Administrative exp.      (110,775)    (124,821)   13%      (202,274)    (279,884)     38%
Other operating exp     (25,387)     (8,210)       68%      (41,231)     (53,538)       30%
Other operating income 3,447         16,465       378%    14,161        35,595         151%
Operating profit           (86,422)     446,526      617%    34,678        822,345       2271%
Finance cost               (169,238)   (295,176)     74%    (307,052)    (490,595)     60%
Profit/(loss) before tax  (255,660)   151,350      159%    (272,374)    331,750       222%
Taxation                     89,212       (52,168)     158%    95,062        (115,308)     221%
PAT                           (166,448)   99,182        160%    (177,312)    216,442       222%
EPS                           (0.31)        0.14           145%    (0.33)         0.30            191%
Source:KSE announcement

The other highlights of its financials are the reduced marketing and distribution cost (?2%) and
increased income from other sources by 151%. The company’s margins have also considerably
improved displaying the fact that it has potential for further appreciation.

Margins 2QCY10 2QCY11 1HCY10 1HCY11
GP margin 20.1% 20.4% 21.0% 21.0%
PBIT margin ?1.8% 6.3% 0.4% 6%
PBT margin ?5.3% 2.1% ?2.9% 2.5%
PAT margin ?3.5% 1.4% ?1.9% 1.6%
Source:KSE announcement
Sensitivity vis?à?vis dairy giant Nestle Pakistan

The dairy giant Nestlé’s 3 year CAGR is 22% whereas Engro Foods 3?year CAGR is 54.8% when
earning 4% net margin which is 50% less than Nestlé’s net margin of 8%. Hence, it could be
optimistically said that Engro has a very high propensity to earn enormous revenues in the near
future as it has huge room for growth in order to reach 8% profit after tax earnings, and could be
soon counted among the top companies in the food sector.
We expect Engro to yield CY11 expected EPS of Re0.97/sh and we maintain our DCF target of Rs141/sh
(which is the highest anticipation in the industry since we are comparing this company with giant Nestle
Pakistan taking atleast 50% of the margins which nestle is making)

secsec
Title: FCEPL -- formerly Engro Foods Limited
Post by: msypk on August 04, 2011, 07:57:40 PM
please advise when does it start to trade thank u
Title: FCEPL -- formerly Engro Foods Limited
Post by: cyanide on August 04, 2011, 09:06:06 PM
Thank God i only applied 500 shares ab salay shares agaye hain lekin kambakht rate naih khula :brickwall:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Koolfire on August 05, 2011, 04:34:02 PM
please advise when does it start to trade thank u
August 10
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on August 08, 2011, 02:42:44 PM
it is to inform you that trading in shares of ENGRO Foods Limited (EFOODS) will start from 10th August, 2011.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Koolfire on August 10, 2011, 05:26:07 PM

first day performance

Engro Foods Ltd.   25.00   25.99   20.60   24.71   -0.29    974,112
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on August 10, 2011, 06:45:18 PM
Nothing special in such positive market
Title: FCEPL -- formerly Engro Foods Limited
Post by: AGz on August 11, 2011, 10:36:23 AM
I believe you might see mix movement as many investors didn't went for the IPO and waited for EFL to trade on board in order to get it at around Rs. 22. Plus the current international stocks scenario and KSE stability will determine how quick EFL is going to do anything special in short run  :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: zahidinam on August 31, 2011, 06:36:47 PM
Nothing  special in such positive market
on which rate to start buy and what will the future of  efl,epcl ki tarh sanp)snake hat mai na aa jay.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on September 01, 2011, 01:48:21 AM
U can buy with a very long term stance of 5 years consider it to be strategic investment no more downside forseeable from here very little chance of further slide.

Lock it in. Box 5 years see what happens I say
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on September 01, 2011, 12:55:27 PM
I also see value in this stock at current market price. There is tremendous upward potential for this stock in the coming years. 140-150 is not a bad estimate. Even a target of 80 in 5 years gives CAGR {compound annual growth rate} of 30% which will be good based on historic KSE-100 last 10 year CAGR pf 24.50%. {Outperform expectations}
Plus the risk appetite is low as high potential demand of engro foods products due to growing urban population and minimal risk of squeeze in profit margins based on the notion that food items {especially milk} are highly prone to inflation and are in the rising trend for the past many years {Since the time I have opened eyes in this world, I have seen them increasing  :biggrin:}.
Although, short term downside potential cannot be ruled out because of market sentiments but fundamentals are expected to finally come to the play.
The fundamental aspects of the stock are expect to remain in news through coverage of various brokerage houses thus keeping the investors well informed.
Dividend yield is however expected to remain low because of the growth strategy of the company.
At current level of 22.50, the price looks reasonably attractive and high P/E multiples are justified because of double digit expected growth.



Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on September 01, 2011, 01:13:47 PM
Engro Foods: We recommend to “Subscribe” ….our DCF range Rs 140?150
Engro Foods Limited, has announced an Initial Public Offering of 27mn shares at Rs25/share
which would include a premium of Rs15/sh.
The subscription will be open from July 5 to July 7 and is expected to raise an amount of
Rs675mn which would help the company in financing its various projects.
We expect company’s fair value to be in the range of Rs140?Rs150 per share as per
our DCF model.
                     CY07          CY08         CY09          CY10           CY11           CY12           CY13
net sales         3,631,134   8,173,497   14,665,341  20,944,943   31,417,415   40,842,639   57,179,694
cost of sales    3,370,423   7,127,613   12,163,291  16,552,117   24,248,851   30,066,151   41,190,627
cost/sales        93%          87%           83%          79%            77%            74%            72%
gross profit      260,711      1,045,884   2,502,050   4,392,826     7,168,563    10,776,488   15,989,068
Source:Standard Capital Research

27mn shares constitute 3.61% of the total paid up share capital of Engro Foods Limited and are
an offer for sale by Engro Corporation Limited out of its shareholding in Engro Foods Limited.

We recommend ‘Subscribe’ and based on the market appetite we expect ‘IPO’ to be
oversubscribed. Please also see our detailed report on Engro Foods shortly.

All applications for 500 shares shall be accommodated first. If all applications for 500 shares
cannot be accommodated, then balloting will be conducted among applications for shares only.

scsec

Assuming net profit margins of 3%, based on their assumption, CY 13 eps comes around 10-11 hence 5 year PT 140-150 cannot be ruled out.
Title: FCEPL -- formerly Engro Foods Limited
Post by: zahidinam on September 01, 2011, 02:54:28 PM
thanku 007,and pooker bhai detailed informations
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dr. Economist on September 05, 2011, 09:53:23 AM
upper cap!  :shock:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on September 05, 2011, 03:02:32 PM
I want to buy EFOODS  :brickwall:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Khawar on September 05, 2011, 03:17:15 PM
I want to buy EFOODS  :brickwall:

Me too... but unfortunately its no sharia compliant...
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on September 05, 2011, 03:20:53 PM
Agar growth ki policy pe chalti rahi to loan leti rahegi aur debt to equity ratio neeche nahi aayegi.
But my gut feeling is that it will try to lower its debt/equity ratio and as a result, it may finally become sharia compliant just like Unilever Foods and Nestle. Nature of business is halal, so just like APL it may finally become compliant lekin shayad us waqt 100 se ooper ho.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Khawar on September 05, 2011, 03:26:35 PM
Agar growth ki policy pe chalti rahi to loan leti rahegi aur debt to equity ratio neeche nahi aayegi.
But my gut feeling is that it will try to lower its debt/equity ratio and as a result, it may finally become sharia compliant just like Unilever Foods and Nestle. Nature of business is halal, so just like APL it may finally become compliant lekin shayad us waqt 100 se ooper ho.


:) Very true...
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dr. Economist on September 05, 2011, 03:54:33 PM
I want to buy EFOODS  :brickwall:

sabar  :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on September 05, 2011, 04:09:48 PM
although having shared top magament of engro, they do have hi geared companies lending there way to growth...so lets see if they make this one lighter on the liabilities in balance sheet
Agar growth ki policy pe chalti rahi to loan leti rahegi aur debt to equity ratio neeche nahi aayegi.
But my gut feeling is that it will try to lower its debt/equity ratio and as a result, it may finally become sharia compliant just like Unilever Foods and Nestle. Nature of business is halal, so just like APL it may finally become compliant lekin shayad us waqt 100 se ooper ho.

Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on September 05, 2011, 11:53:51 PM
I was thinking of converting 10 k Bafl  to 4k e foods

Suggestions for short and long term thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dr. Economist on September 06, 2011, 09:31:26 AM
I was thinking of converting 10 k Bafl  to 4k e foods

Suggestions for short and long term thanks

I think better decision  ::)
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dr. Economist on September 06, 2011, 09:40:43 AM
capped saweray saweray  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dhillon on September 07, 2011, 10:08:57 AM
@poker bahi
now it is available
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on September 07, 2011, 10:15:14 AM
acha bhala 22 se neechay available tha 2 din pehlay...is me konsa sona nikal aya do din ke ander...apart from the news ke olpers milk per next week 2 ruppe per liter barhnay walay hain no news i cud find...

us waqat is liye anhe liya ke buhat long term buying hai konsi jaldi ahi abhi 20 tak anay do..:(
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on September 07, 2011, 10:24:02 AM
@poker bahi
now it is available
ab sirf 5% cash reh gaya hai. FFC pe nazar hai.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on September 14, 2011, 01:08:22 PM
Engro Foods Limited (EFL) reported below than expected earnings of Rs216mn in 1H2011 compared to a loss of Rs177mn in the same period last year. The main reason for the turnaround in profitability was higher post tax profit in the dairy and juices segment, which grew by a massive 197%YoY to Rs491mn. Its ice cream business however remained in losses, despite being launched in Karachi in 1Q2011. Reported losses were mainly on account of continued investment in its brand and cold storage infrastructure. Post the result, we have revised our full year earning estimate to Rs0.69 per share from Rs0.99 per share. We currently maintain a ‘Buy’ call on the scrip.
 
Dairy and juices riding high

Dairy and juices segment reported hefty profit after tax of Rs491mn in 1H2011, an increase of 197%YoY. Volumetric growth in both the UHT (20%YoY) and juices (98%YoY) segments were the prime reasons for the growth in the bottom line of the segment. UHT sales grew mainly on account of higher sales of its tea whitener (Tarang) while the re-launch of Olfrute, the company’s juice line, also boosted the sales. EFL maintained it market leader status in the UHT segment and managed to gain another 2ppts from last year to 41% over Nestle, its main competitor.
 
Ice cream: Revenues grew but profit still in red

Omore witnessed an increase of 51%YoY in its volumetric sales as the ice cream was introduced in Karachi (catering to 27% of the total ice cream market in Pakistan ) in 1Q2011. As a result, segmental revenues soared by 69%YoY to Rs1.4bn during 1H2011. However, EFL’s continued investment in its brand and cold storage chains restricted the growth in the cumulative bottom line.
 
Recommendation: ‘Buy’ maintained

Post this result; we have revised our full year earnings estimates owing to below than expected 1H2011 result. We now expect the company to report a profit after tax of Rs518mn (EPS: Rs0.69) compared to earnings of Rs724mn (EPS: Rs0.99) previously. Nonetheless, we maintain our ‘Buy’ call on the scrip on expectation of 1) ice cream business turning into profits by next year, 2) growth in the untapped packaged milk segment with introduction of new products like Dairy Omung - low priced packaged milk aimed to compete against loose milk and 3) launch of new variants in the juices segment.

js
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abbas on September 16, 2011, 11:44:25 AM
efoods showing resistance at Rs 25/- can any body tell me its fair value?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on September 25, 2011, 10:27:36 AM
(http://ksecharts.webs.com/Engro%20Foods/efoods.jpg)

PRODUCTS

(http://ksecharts.webs.com/Engro%20Foods/olp_milk.jpg) (http://ksecharts.webs.com/Engro%20Foods/olp_cream.jpg) (http://ksecharts.webs.com/Engro%20Foods/tarang.jpg) (http://ksecharts.webs.com/Engro%20Foods/olwell.jpg) (http://ksecharts.webs.com/Engro%20Foods/Omung.jpg)

(http://ksecharts.webs.com/Engro%20Foods/omore.jpg) (http://ksecharts.webs.com/Engro%20Foods/owsum.jpg)

FUTURE GROWTH PLANS

(http://ksecharts.webs.com/Engro%20Foods/al_safa.jpg)
Title: FCEPL -- formerly Engro Foods Limited
Post by: phdmaker on September 25, 2011, 09:31:59 PM
Although Engro Foods are diversifying their portfolio on aggressive basis but I'm uncomfortable with their ice cream business.

I've worked with FMCGs companies & internal news I'm getting that they are failing in making ice cream business profitable due to serious competition from Unilever. Currently all profits they are earning from packed milk are drying out due to losses in their ice cream business.

If one likes to invest in, I recommend buying around 22 as one can witness EFOODs share price is getting trouble sustaining 25 mark since  a week.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on September 27, 2011, 12:36:01 PM
Food Producers: Engro Foods- Ambition and Opportunities Abound

Substantial market development opportunities exist in UHT milk market on the back of a large loose milk segment which remains untapped

 Omang is positioned to compete directly with loose milk, priced at PKR65/ltr. However, with loose milk trading between PKR45-68/ltr across Pakistan, Omang’s potential to break through may be limited to few urban centers

 For ice cream segment, continued heavy investment in cold chain infrastructure (PKR900mn in one year) is reflective of EFOODS’ expectations of aggressive market development in the future. However, intense competition primarily from Unilever’s Walls (an established brand) remains a challenge for the company

 We believe EFOODS is a long term play that offers growth primarily in the key dairy segment. The stock offers an upside of 46% towards our Dec11 target price of PKR35, making it an ideal play to accumulate on dips
 
bma
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dr. Economist on September 29, 2011, 10:39:18 AM
(http://ksecharts.webs.com/Engro%20Foods/efoods.jpg)

PRODUCTS

(http://ksecharts.webs.com/Engro%20Foods/olp_milk.jpg) (http://ksecharts.webs.com/Engro%20Foods/olp_cream.jpg) (http://ksecharts.webs.com/Engro%20Foods/tarang.jpg) (http://ksecharts.webs.com/Engro%20Foods/olwell.jpg) (http://ksecharts.webs.com/Engro%20Foods/Omung.jpg)

(http://ksecharts.webs.com/Engro%20Foods/omore.jpg) (http://ksecharts.webs.com/Engro%20Foods/owsum.jpg)

FUTURE GROWTH PLANS

(http://ksecharts.webs.com/Engro%20Foods/al_safa.jpg)

And where is the Olfrute juice?  ::)
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on September 29, 2011, 11:22:34 AM
for the last one month..olpers to na honay ka baraber produce ker raha ha...simply not available in marekt at all.....revenue kiya khaak day ga
Title: FCEPL -- formerly Engro Foods Limited
Post by: investment.guru on September 29, 2011, 11:58:40 AM
i also feel its not as attractive as most of peoples think :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on September 29, 2011, 12:30:08 PM
apart from bad performance of Olpers production...dairy omang is a low margins high volmn business theya re tryign to cater...which is surprising business model....as usualy a company go for that when they have excess capacity....currently they can not produce 15-20 % of the volume they need to cater higher end OLPur product.....dairy umang me kiya teer marain gay......as for Omoree...after the startign hype...lets see where ti settle down.

food business is great in a long run, and non elastic...per filhal there is really no trigger on fundamentals at the moment...only gogin down business wise in shrot term
i also feel its not as attractive as most of peoples think :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on October 08, 2011, 09:41:01 AM


Engro compelled to sell 45pc shares of Engro Foods
Waqar Hamza 11 hrs ago | Comments (0)

•Corporation currently in talks with several companies; Management seeking to retain control of subsidiary fertiliser arm

 Karachi - The devaluation of heavy investment along with production crisis due to gas curtailment has compelled Engro Corporation to sell up to 45 per cent shares of its subsidiary Engro Foods Limited.
 It has been learnt that the corporation is in talks with some two or three companies for selling of up to 45 percent shares of Engro Foods, but no deal has been reached in this regard as yet, primarily by dint of percentage of shares.
 Sources at the corporation informed Profit that the said subsidiary is facing serious production issues due to gas shortage, which has been resulting in the devaluation of their heavy investment.
 The main contention in the deal is the percentages of shares, as the corporation wants to retain its control over the subsidiary that can go out of the domain of corporation in case majority of the shares are sold, sources added. Perhaps the corporation does not want to sell more than 45 percent shares, sources informed. ‘One of the main reasons for retaining the control of the subsidiary is the increasing demand of fertiliser in Pakistan. The corporation does not want to lose a very critical business,’ sources added.
 The corporation is in shambles due to many reasons, and one of them was their huge loan for expansion that has now become a headache for them to repay due to dollar-rupee disparity along with increasing markup on it, sources said.
 Sources further pointed out that this situation has led to spoil the equity ratio of the corporation, Therefore in order to set the house in order, the corporation management has been selling their land, unutilised machines, etc in order to remain stable.
 Similarly, Engro Corporation sold 15 per cent shares of Engro Foods in terms of Engro Rupiya Certificates, and that initiative with 14.5 percent profit rate proved to be good for the corporation as they raised Rs2 billion against their expectation of Rs1 billion, sources said. These measures have gone on to stabilise their credit rating, sources said.
 One of their decisions to establish a plant in Sahiwal was not planned initially, as they had decided on non-expansion after establishing a plant at Sukkur, and this forced expansion resulted in poor equation of the corporation, sources reasoned.
 “The corporation is currently at the stage of finalising the deal, and it is expected that the deal would mature very soon by dint of the crisis the corporation is facing,” sources added.
 When asked, the Chief Financial Officer of Engro Foods, Imran Anwar said ‘this is all rumour and they are not considering selling shares of the subsidiary.’
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on October 18, 2011, 11:38:13 AM
EFOODS: 9MCY11 Result Preview

EFOODS will announce its 9MCY11 result on Oct 20'11. We expect the company to post consolidated NPAT of PkR342mn (EPS: PkR0.46) which would represent a growth of 15x YoY. We do not expect any dividend payout with the result. Topline is estimated to grow by an impressive 38%YoY to PkR21.6bn while we expect the company's operating profit to stand at PkR1.4bn.  For 3QCY11, we expect sequential earnings improvement with NPAT forecast to grow by 27%QoQ to PkR126mn (EPS: PkR0.17). EFOODS’ net revenues are forecast to grow by 10%QoQ to PkR7.9bn with revenues getting a further boost due to Ramzan. Gross margins are expected to remain flat sequentially at 21% while operating profits are forecast to grow by 7%QoQ to PkR504mn. Recent cut in discount rate bodes well for EFOODS where a 1% reduction in interest rates results in an earnings improvement of 5% for EFOODS over the CY12F-16F period. At current levels, we recommend Buy on EFOODS which presents a 16% upside to our target price of PkR28.5/share.

akd
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on October 18, 2011, 11:40:42 AM
EFOODS: 9MCY11 Result Preview

EFOODS will announce its 9MCY11 result on Oct 20'11. We expect the company to post consolidated NPAT of PkR342mn (EPS: PkR0.46) which would represent a growth of 15x YoY. We do not expect any dividend payout with the result. Topline is estimated to grow by an impressive 38%YoY to PkR21.6bn while we expect the company's operating profit to stand at PkR1.4bn.  For 3QCY11, we expect sequential earnings improvement with NPAT forecast to grow by 27%QoQ to PkR126mn (EPS: PkR0.17). EFOODS’ net revenues are forecast to grow by 10%QoQ to PkR7.9bn with revenues getting a further boost due to Ramzan. Gross margins are expected to remain flat sequentially at 21% while operating profits are forecast to grow by 7%QoQ to PkR504mn. Recent cut in discount rate bodes well for EFOODS where a 1% reduction in interest rates results in an earnings improvement of 5% for EFOODS over the CY12F-16F period. At current levels, we recommend Buy on EFOODS which presents a 16% upside to our target price of PkR28.5/share.

akd

they Dont Expect any Dividend pay out..
iskai Offer Doc main likha hai kai Will not pay dividend initially ... dont remember no. of year. . :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: M&M on October 20, 2011, 11:29:16 AM
(http://www.kse.com.pk/newsimage/028409-2.gif)
standalone result (http://www.kse.com.pk/newsimage/028409-3.gif)
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on October 26, 2011, 06:07:42 PM
133 million shares of Engro Foods Supply Chain @ Rs. 10.64/- (http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=028863)
Title: FCEPL -- formerly Engro Foods Limited
Post by: aliraza on October 26, 2011, 06:22:33 PM
133 million shares of Engro Foods Supply Chain @ Rs. 10.64/- (http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=028863)

not a good news for engro ab is topic ko engro ke tarf sa koi good news i gee fill hall ???????
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on October 26, 2011, 06:26:27 PM
133 million shares of Engro Foods Supply Chain @ Rs. 10.64/- (http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=028863)

not a good news for engro ab is topic ko engro ke tarf sa koi good news i gee fill hall ???????

We r son innocent individuals ... kal ko ENGRO + 5 hojaiga ... tau hum " :banana:"," :shoaby:"," :goodc:" signs quote karna shroo hojaingay ... kuch log jau ajj engro khareedtay huay dar rahay hain jazbaat main aur khareedaingay ...

This is KSE >>....

Bus main baithana aur chaltee bas sai dhaka daidaina ... :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on October 26, 2011, 11:10:53 PM
http://engro.com/wp-content/themes/engro-v1.0/pdf/BriefingQ32011.pdf
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on October 26, 2011, 11:15:05 PM
http://engro.com/wp-content/themes/engro-v1.0/pdf/BriefingQ32011.pdf
icecream ne bajai hui hai EFOODS ki

My idea is to aggressively advertise OMORE with beautiful stylish female models
Many people will start eating its icecream.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on November 03, 2011, 12:43:38 PM
Engro Foods (EFOODS): Re-evaluating the Sale of
Rice Business

In yesterday’s In Focus, we revised our Dec11 Target Price (TP) for Engro Foods
(EFOODS) downwards to PKR28/share. However, our estimate for proceeds due
to EFOODS’ sale of its rice business (to sister company Engro Eximp) was
misinterpreted.
Having re-visited our model, we have revised our CY11E-CY12E earnings
forecasts for EFOODS to PKR544mn and PKR1,157mn respectively. This
translates to a Dec11 TP of PKR34.7.
We continue to have a BUY stance on EFOODS based on its expanding market in
key UHT milk segment, and on inherent strength of FMCG sector that promises
swift growth amid rising consumerism driven by favorable demographics.

bma
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on November 18, 2011, 12:27:47 PM
Engro Foods Limited (EFOODS) reported earnings of Rs408mn (EPS Rs0.54) in 9M2011 compared to a PAT of Rs35mn (EPS Rs0.05) last year. The earnings remained largely inline with our expectations. The growth was derived from the dairy and juices segment, which gained 5ppts in market share to 44% by September 2011 since December 2010. Its ice cream business also supported the top-line of the company with enhanced revenues coming in from the launch in Karachi (revenues up 64%YoY to Rs2.2bn). However, higher marketing and advertisement expenses kept the ice cream business in the red. In another development, the company parted with its 70% owned subsidiary (Engro Foods Supply Chain) which was suppose to overlook the rice business. At current levels, the stock offers a potential upside of 30% to our target price of Rs34. Hence, we maintain our ‘Buy’ call on it.

Dairy and juices deriving the growth

Dairy and juices segment reported hefty profit after tax of Rs804mn in 9M2011, an increase of 84%YoY. Revenues of the segment augmented to Rs19.4bn led by growth in both volumes (20%YoY) and prices (up 18%YoY). UHT sales grew mainly on account of higher sales of its tea whitener (Tarang) and the launch of its new milk Dairy Omung, catering to budget conscious society of the country. EFOODS maintained its market leader status in the UHT segment with a share of 44% (up 5ppts since December 2010).
 
Ice cream: Market expenses suppress earnings

Omore witnessed an increase of 45%YoY in its volumetric sales as it was introduced in Karachi (catering to 27% of the total ice cream market in Pakistan ) in 1Q2011. As a result, segmental revenues soared by an impressive 64%YoY to Rs2.2bn during 9M2011. However, EFOODS’s continued investment in its brand and cold storage chains restricted the growth in the cumulative bottom line. The segment reported a loss of Rs285mn during the period under review versus a loss Rs293mn in 9M2010.
 
Management more focused on core business

As part of company’s plans to focus more on the core business, the company sold off its 70% stake in Engro Foods Supply Chain to Engro Eximp which already owned the 30% of the stake. The subsidiary is a rice processing facility at Muridke. The transaction was valued at a fair price of Rs10.64 per share generating a one time gain of Rs51mn (Rs0.06 per share) on the bottom line of the company.

Recommendation: ‘Buy’ maintained

With a more focused approach and expectation of 1) ice cream business turning into profits by next year, 2) growth in the untapped packaged milk segment with introduction of new products like Dairy Omung - low priced packaged milk aimed to compete against loose milk and 3) launch of new variants in the juices segment, we remain bullish on the stock. It offers a potential upside of 30% to our target price of Rs34 and we maintain our ‘Buy’ call.

  jsgcl
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on December 15, 2011, 09:59:25 AM
High demand: Engro Foods to invest in ice cream distribution channel
By Farooq Baloch

Published: December 15, 2011

 Local conglomerate’s subsidiary facing difficulties in supply chain. CREATIVE COMMON

KARACHI: 
Engro Foods is likely to continue investing, particularly  in its ice cream segment’s distribution network which has been facing difficulties, according to the company’s top official. The company is targeting revenue of Rs32 billion in fiscal 2012 and believes earnings per share can double by the end of 2012.
 
“There is no need to reduce investment at this time,” CEO Afnan Ahsan said in an interview with The Express Tribune. “We have been in investing mode for a while, now it’s time to reap the benefits,” he added.
 
The newly appointed chief – who has served in multinationals like Coca-Cola, Pepsi and Nestle over a span of 20 years – is hoping to take Engro Foods a step forward and make it the largest business of its parent company Engro Corporation by the end of 2012.
 
The food’s arm has caught up with the stalwart fertiliser wing and is neck-and-neck revenue-wise, according to the third quarterly account of the conglomerate.
 
It’s been five years of stellar performance, Ahsan said while talking about the company’s revenue reaching Rs28 billion in 2010. “Engro Foods is already doing great; my focus will be to take it a step further,” he added.
 
Engro Foods has successfully grabbed 45% of the market share in ultra-high temperature goods particularly its packaged milk Olpers and continues to thrive in its dairy segment which Ahsan point out as its prime sector.
 
However, the local conglomerate’s subsidiary has been facing difficulties in building a distribution channel for the ice cream segment.
 
Revenue for the ice cream segment – that has 24% market share – grew by 64%, although it incurred a net loss of Rs285 million in the first nine months of 2011. The company’s bottom-line is in the negative zone due to the heavy distribution and marketing expenses that amounted to Rs2.6 billion from January to September this year.
 
Talking about heavy marketing and distribution expenses, the 42-year-old said these expenses reflect the company’s investments to build infrastructure and market distribution channel.
 
The subsidiary ran a nationwide advertisement campaign in 2009 when the product was launched despite the fact that it was only available in a few specific cities of Punjab. The company enticed Karachiites with advertisement as the ice cream was not launched in the city until April 2011.
 
A lot of raw material supply is in Punjab and could also be a reason to target that market first, Ahsan said.
 
Ice cream business is still new, Ahsan said, deploying freezers alone takes lots of investments. The company has deployed 20,000 freezers in less than two-and-a-half years, he said. “We have been investing heavily and lots of these investments will now start paying dividend,” he said.
 
The company has faced difficulties in establishing a proper distribution channel for its ice cream brand Omore.
 
The product’s demand was much quicker than its supply in Karachi as recently some grocery stores ran out of Omore’s stock.
 
The company ran into a similar situation on Eid when demand shot up, Ahsan said. Admitting the company is facing difficulties on distribution side, the CEO said it will likely to continue investing on this front – hinting that the company might look for acquisitions.
 
“We are having difficulty in terms of expanding our distribution network in Karachi as we have just one distributor in the city,” Ahsan said.
 
Omore is produced in Sahiwal and shipped to Karachi, he said while highlighting that there is no production unit in the consumer hub. “I will not rule out acquiring any facility which can benefit the business,” he said.
 
Engro Foods has a dairy plant in Sukkur but that is working on full capacity and can’t be expanded, Ahsan said, so it makes sense to have a production unit in Karachi. “There are several assets available in Karachi and we’ll explore all possibilities,” he added.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on December 19, 2011, 10:34:39 AM

Engro Foods believes in innovation, says CEO
 December 19, 2011
RECORDER REPORT

 BR research: Dairy being your core segment - how do you see its potential in Pakistan?


Afnan Ahsan: The milk industry has great prospects for growth.

Packaged milk only has around 10 percent market share.

There are logical expansions in the raw-material source, but collection of those raw materials is very difficult in Pakistan because the agriculture sector is disorganised.

BRR: How large is your dairy collection chain and where it s it located?

AA: We are situated in central and southern Punjab primarily and in some areas of Sindh as well.

We have a dairy farm which has around 2300 cattle and is one of the largest in Pakistan.

The farm has been there around for 2-3 years and accounts for 4 percent of our milk produce.

BRR: How do you manage these farms?

AA: We have a total of 35,000 farmers who are directly linked to and bring milk to our collection centers.

Our village milk collectors have direct access to all these farmers - we call them strategic dairy farmers.

This is a backyard industry.

A large number of these farmers are very small; possessing just two to three cows.

We did not need to reinvent the wheel as Nestle has been in the business for 32 years.

Any successful dairy industry relies on co-operatives as a basic infrastructure, but in Pakistan we are very far on that.

BRR: Your recent quarterly financial results depict a sizeable increase in cost of sales.

What is the chief reason behind it?

AA: The primary reason was the ice-cream segment as we recently launched in Karachi, roughly 9,000 freezers were injected in the Karachi market alone and the wholesale infra-structure was built from scratch.

Even though our expenses are growing we are still making investments.

If we compare our sales to Nestle, their expenses last year were around 7.2 percent, Engro's are 3.1 percent.

It's a pure distribution and infrastructure business.

Our penetration is in 120 towns.

We are still at a very basic stage relying primarily on a wholesale network for a deeper penetration in the rural market.

It's not by accident that this company has, in five years, gone from zero to Rs30 billion.

It's an aggressive company and one of the most successful corporate entities in Pakistan.

BRR: How are your different brands performing in the market?

AA: Tarang is our largest brand, in revenue and distribution terms.

This has allowed us to make it the most deeply penetrated and widely distributed brand.

It's the largest revenue contributor to the overall portfolio.

But we have made Olpers available at a very affordable price, and we have tried to bring innovation in the industry through this.

Olpers obviously is placed in higher socio-economic strata and hence probably a fairly high price point.

Omore ice-cream is just in the beginning stage.

We currently have 24 percent of the ice-cream market share.

But that is in a monopoly market which is commendable.

BRR: Are you un-tapping the ice-cream market or just breaking into your competitors share?

AA: At this point in time we've just broken into the market.

The entire sector has faced slow growth due to losses incurred by load-shedding, but that's a sectoral thing.

We still need to work more on the infrastructure.

BRR: What are the prospects for Safa Foods which the company acquired recently?

AA: The prospects look promising; it is a huge industry in North America which is close to a billion dollar.

My aim would be to make Pakistan a major supply-line.

For a Middle Eastern producer, "Made in Pakistan" is a taboo, and we need to break through the taboo, and I personally believe Engro is the right platform to do so.

BRR: What is the room for packaged ice cream market in Pakistan?

AA: Incidence of packaged ice-cream in Pakistan is almost negligible.

The packaged industry needs to consider localising ice-cream as what we are currently selling is very western.

BRR: What is the company doing to take on competitors?

AA: One of the things which we have brought is organising the sector much faster than our competition.

We have home deployed initiatives like EMAN (Engro Milk Automation Network).

Every collection center that we have has POS device and every single farmer has an EMAN card.

We are also looking at livestock management where we bring women from rural areas in Sindh and train them in livestock management.

We put them in contact with fertilisers, as well as with veterinarians.

These women are supporting cattle farmers and us.

Our plan has been to be more productive with our current base.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on December 27, 2011, 08:15:01 PM
1 million volume!
Title: FCEPL -- formerly Engro Foods Limited
Post by: umar on December 30, 2011, 03:03:41 PM
hypothetically, what will happen to the share price of EFOODS if engro decides to sell it?
Title: FCEPL -- formerly Engro Foods Limited
Post by: JAWAD on December 30, 2011, 03:52:36 PM
in my opinion it would shoot towards north but it is very unlikely that engro decide to sell it ...!!!
Title: FCEPL -- formerly Engro Foods Limited
Post by: Koolfire on January 16, 2012, 10:39:33 PM
Board meeting 24 jan
http://www.kse.com.pk/newsimage/030132-1.gif
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on January 17, 2012, 11:22:36 AM
What are the expected results for Efoods?
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on January 17, 2012, 11:23:33 AM
almost upper lock
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on January 17, 2012, 11:25:14 AM
almost upper lock

Payout kuch nahee hoga kiunkai as per offer doc 1st five years kai liay no payout . Abb bhalay EPS kaiscc bhee ho.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on January 17, 2012, 12:57:36 PM
almost upper lock

But with a very low turnover
Title: FCEPL -- formerly Engro Foods Limited
Post by: frazmunaf on January 18, 2012, 03:40:59 PM
bullet. :biggthumpup:near cap kal phir bullet. :biggthumpup: :banana: :shoaby:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on January 24, 2012, 12:04:00 PM
Full yr eps 1.22
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on January 24, 2012, 12:12:17 PM
steady but nothing special
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on January 24, 2012, 02:15:49 PM
AKD Daily

EFOODS posts NPAT of PkR891mn in CY11

Continuing on its growth path, EFOODS posted its second year of consecutive earnings growth, with NPAT rising by 407%YoY. Full year revenues grew by 43% YoY to PkR29.9bn, where we expect the 'Dairy segment' to have driven the topline growth.  EFOODS had a stellar 4QCY11 with NPAT rising by 2.5x or 153% QoQ to PkR483mn (fully diluted EPS PkR0.65), taking full year earnings to PkR891mn (fully diluted EPS PkR1.19). Rolling forward our target price to end-Dec'12, our target price for EFOODS has been revised up to PkR32/share, which provides an attractive upside of 26% from current level.       .

CY11 result review: Continuing on its growth path, EFOODS posted its second year of consecutive earnings growth, with NPAT rising by 407%YoY. Full year revenues grew by 43% YoY to PkR29.9bn, where we expect the 'Dairy segment' to have driven the topline growth. Gross profits surged by 51% YoY to PkR6.6bn as revenue growth coupled with a 123bp YoY improvement in gross margins (GMs) to 22.2% helped drive gross profits in CY11. 

4QCY11 earnings up 153%QoQ: EFOODS posted NPAT of PkR483mn (fully diluted EPS of 0.65) in 4QCY11, which denotes a substantial growth of 153%QoQ. Revenues were up by 7%QoQ to PkR8.5bn; however the surge in GMs (+328pps QoQ to 24.8%) was the real earnings driver for EFOODS. Furthermore, lower financial charges (-19%QoQ to PkR250mn) also contributed to the bottomline growth.

Outlook: We view EFOODS as a growth play given its huge growth potential. The recently launched Dairy Omung could be a game changer for the packaged milk industry as it is very competitively priced to the still dominant loose milk, which represents more than 90% of the milk market. Improving margins, particularly of the Ice Cream segment as well as sales growth, is expected to drive earnings growth going forward. Furthermore, geographic diversification with acquisition of 'Al-Safa' could also be a long term value driver for the company. 

Recommendation: Rolling forward our target price to end-Dec'12, our target price for EFOODS has been revised up to PkR32/share, which provides an attractive upside of 26% from current level. That said, we are awaiting the full year results to further fine-tune our earnings forecasts. Furthermore, EFOODS is trading at an average discount of 69% to peers ULEVER and NESTLE on Price to Sales ratio, with EFOODS trading at CY12F P/S ratio of 0.47x compared with 1.20x for ULEVER and 1.82x for NESTLE. At current levels we recommend Buy on EFOODS.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on January 25, 2012, 03:44:26 PM
Engro Foods Limited (EFOODS) posted earnings of PKR 891mn (EPS: PKR 1.19) in CY11 against PKR 175mn (EPS: PKR 0.23) in CY10, reflecting an increase of 4x. Topline witnessed growth of 43% to PKR 29.8bn in CY11 from PKR 20.9bn in the same period last year. The company launched a few new products in CY11 launching Dairy Omung and extending juices and milk variants.
 •Gross Margins expanded to 22.2% from 21% in the period under review, a 1.2ppt improvement. A better sales mix along with improving volumes is expected to be a reason in Gross margin expansion. The company was also able to control costs resulting in Operating margin nearly doubling to 8.1% from 4.4%.
 
igi
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on January 26, 2012, 12:23:58 PM
Food Producers: Engro Foods (EFOODS) - Analyst Briefing Takeaways

   Engro Foods (EFOODS) held its analyst briefing yesterday to brief on its impressive CY11 results. With prime contribution from dairy segment the company’s revenue and profits showed a growth of 43% and 4.1x respectively to stand in tune of PKR29.9bn and PKR891mn

   4QCY11 results were also impressive driven by higher sales (QoQ sales growth of 7% to PKR8.5bn) and better margins (25% gross margin compared to 21% for 3QCY11)

   The top line for Dairy and Juices segment grew by 40% YoY to PKR27.3bn, on account of higher volumes amid increased market share to 44% compared to 39% last year

   The ice cream business reported 62% top line growth to PKR2.6bn. Key to growth depends upon expansion in distribution network as ‘Omore’ (brand name for ice cream) has only ~40% penetration compared to “Wall’s” (brand of Unilever)

   The management intends to announce their expansion plans in a public meeting soon, these activities will be financed by both debt and current equity while maintaining their debt to equity ratio at 0.5x each

   Continuous growth in the processed milk industry along with optimism over conversion to ‘dairy Omang’ (low priced dairy product) would bode well for EFOODS. We maintain our ‘Buy” stance on EFOODS with Dec12 target price of PKR35/share
 
bma
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on January 26, 2012, 01:14:56 PM
http://engro.com/wp-content/themes/engro-v1.0/pdf/Security-Analyst-Briefing-FY-2011.pdf
Title: FCEPL -- formerly Engro Foods Limited
Post by: AGz on January 26, 2012, 01:41:03 PM
http://engro.com/wp-content/themes/engro-v1.0/pdf/Security-Analyst-Briefing-FY-2011.pdf

Thanks!
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on January 26, 2012, 01:41:10 PM
Engro Foods Limited (EFOODS) held its analyst
briefing yesterday to discuss its 2011 result. The
company reported earnings of Rs891mn (EPS
Rs1.19) in 2011 compared to a PAT of Rs176mn
(EPS Rs0.23) last year, growth of 407%YoY. The
growth was derived from the dairy and juices
segment, which gained 5ppts in market share to 44%
from 39% last year. Its ice cream business also supported the
top line of the company that enhanced revenues by 62%YoY
to Rs2.6bn. However, the bottom line of the ice cream
business still remained red. Moreover, the company sold off
its 70% stake in Engro Foods Supply Chain to Engro Eximp
which already owned the 30% of the stake, resulting in a one
time gain of Rs55mn (Rs0.07 per share). At current levels, the
stock offers a potential upside of 31% to our target price of
Rs34. Hence, we maintain our ‘Buy’ call on it.

Dairy and juices contribution towards growth
Dairy and juices segment reported hefty earnings of Rs1.4bn
in 2011, growth of 100%YoY and improvement in Net Profit
margin by 1ppt to 5% from last year. UHT sales grew mainly
because of higher sales of its tea whitener (Tarang) and a
new variant Dairy Omung (catering to budget conscious
society of the country).

Ice cream business grows stronger
The ice cream business (Omore) witnessed an increase of
62%YoY in its revenues to Rs2.6bn and gained 7ppt in
market share to 24% from last year. However, the segment
still remained red due to continuous expansions. The
segment reported a loss of Rs0.4bn in 2011.

Capex Plan 2012
The company is planning to introduce new products in UHT
category and ice cream segment; emphasis will be on the
products that will be new to the Pakistani market. However,
the company did not disclose the capex plan for 2012, as the
management plans to do a press conference on it.

Recommendation: ‘Buy’ maintained
With the expectation of its ice cream business turning into
profits by next year, market penetration of Dairy Omung into
the untapped low priced milk segment and plan for launching
new products going forward, we remain bullish on the stock. It
offers a potential upside of 31% to our target price of Rs34
and we maintain our ‘Buy’ call.

jsgcl
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on February 02, 2012, 03:43:10 PM
what a strong shot from EFOODS!


Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 02, 2012, 03:51:20 PM
what a strong shot from EFOODS!


rockeddd!!! :shoaby: :banana: :clap1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 03, 2012, 10:47:03 AM
again upper cap mashallah.... :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 07, 2012, 01:34:37 PM
cha gya Efoodsz.......rockingggg :clap1: :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 08, 2012, 09:40:42 AM
Efoods again upper cap!!! Mashallah  :thumbsup_anim: :biggthumpup: :banana: :banana: :banana: :shoaby: :shoaby: :clap1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Laoo Maal on February 08, 2012, 09:45:27 AM
Efoods again upper cap!!! Mashallah  :thumbsup_anim: :biggthumpup: :banana: :banana: :banana: :shoaby: :shoaby: :clap1:
sold all of mine @ 34.07 achi rally bani is mein
Title: FCEPL -- formerly Engro Foods Limited
Post by: malikk on February 08, 2012, 09:52:57 AM
Efoods again upper cap!!! Mashallah  :thumbsup_anim: :biggthumpup: :banana: :banana: :banana: :shoaby: :shoaby: :clap1:
sold all of mine @ 34.07 achi rally bani is mein


pehli ball pe chakkay ne tu hamain seat se uthnay ka moka bhi nahi diya ... is ne tu pehle he upper cap ker dia  :goodc:
Title: FCEPL -- formerly Engro Foods Limited
Post by: atif on February 09, 2012, 10:01:48 AM
OMORE and OLPERS  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: malikk on February 10, 2012, 09:56:59 AM
 :thumbsup_anim:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 10, 2012, 09:58:33 AM
Mashallah cap cap cap........ :shoaby: :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 10, 2012, 09:59:42 AM
Mashallah cap cap cap........ :shoaby: :banana:

Kahnee ENGRO Foods ENGRO Corp Sai agay nahee nikal jaiy ..  :biggthumpup: chalo Mubarik. and Mashallah.
Title: FCEPL -- formerly Engro Foods Limited
Post by: mra901 on February 10, 2012, 10:00:51 AM
any body tells me what the hell in this script
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 10, 2012, 10:01:07 AM
Mashallah cap cap cap........ :shoaby: :banana:

Kahnee ENGRO Foods ENGRO Corp Sai agay nahee nikal jaiy ..  :biggthumpup: chalo Mubarik. and Mashallah.

lolx...
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 10, 2012, 10:06:03 AM
any body tells me what the hell in this script

Humaray samjh main atta tau apkai saath jashan nahee bana rahay hotay bro. ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on February 10, 2012, 10:09:22 AM
Bhaiyoon, it is all growth. I used to say that this was a good buy even at 25. Now it's going to where it belongs. Should earn about Rs3.5 this year. Big players are accumulating it to make quick money. Ballay ballay!
Title: FCEPL -- formerly Engro Foods Limited
Post by: mra901 on February 10, 2012, 10:11:23 AM
at over 10 multiple
is it justified?
 :mad: :mad:
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 10, 2012, 10:12:29 AM
at over 10 multiple
is it justified?
 :mad: :mad:

FATIMA kai baray main kia khayal hain tau engro ka haq nahee .
Title: FCEPL -- formerly Engro Foods Limited
Post by: mra901 on February 10, 2012, 10:14:16 AM
well said  :bigeyed:
kamal bhai tusi great o
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on February 10, 2012, 10:15:03 AM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.
Title: FCEPL -- formerly Engro Foods Limited
Post by: mra901 on February 10, 2012, 10:20:13 AM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.

at which levels buying is best
Title: FCEPL -- formerly Engro Foods Limited
Post by: mra901 on February 10, 2012, 10:22:55 AM
at over 10 multiple
is it justified?
 :mad: :mad:

FATIMA kai baray main kia khayal hain tau engro ka haq nahee .

kamal bhai kithay oo...
look at Fatima today
Advise????
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 10, 2012, 10:23:14 AM
at over 10 multiple
is it justified?
 :mad: :mad:

I think u need to check major food stocks on wot multiplez they trade then u wud never ask this question.. :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on February 10, 2012, 10:24:05 AM
To tell you the truth, I can't say anything with it's movement right now. It could keep going up to 40/45, or could take a breather and come down a bit. I really can't suggest an entry price right now. Other senior members might be able to shed some light on it, but I think no one knows when it'll stop shooting up. If you want, maybe you could start buying a little right now but I wouldn't suggest to go all in at once. Do what you think is right.
Title: FCEPL -- formerly Engro Foods Limited
Post by: mra901 on February 10, 2012, 10:25:31 AM
good

lets wait and see
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 10, 2012, 10:27:00 AM
at over 10 multiple
is it justified?
 :mad: :mad:

FATIMA kai baray main kia khayal hain tau engro ka haq nahee .

kamal bhai kithay oo...
look at Fatima today
Advise????

Over valued ABHEE BHEE ... Risk lai saktay hain Kamanay kai liay towards 25 till results ..to me ..
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 10, 2012, 10:28:45 AM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.

Abb nestle and ULEVER sai comparison tau nahee banta iska ..
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 10, 2012, 10:34:12 AM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.

Abb nestle and ULEVER sai comparison tau nahee banta iska ..

anything possbile :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 10, 2012, 10:34:49 AM
50 b karwa skty hen.... :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: mra901 on February 10, 2012, 10:38:38 AM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.

Abb nestle and ULEVER sai comparison tau nahee banta iska ..

anything possbile :tongue:

kya piddi kya piddi ka shorba

i think sab maal offlode ka bahana hai
as time crossed and cdc also unblocked thier investments
in my oppinion sell is better at these levels
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on February 10, 2012, 10:39:49 AM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.

Abb nestle and ULEVER sai comparison tau nahee banta iska ..

Tau phir kissay banta hai? It has 44% of the milk market. Higher than Nestle. It's in coffee creamers and other powdered milk segments, which is the same as Nestle. It's in the icre cream business, and growing it fast, same as UniLever. Aga in say nahin banta to phir kis say banta hai? As I said, wait a year to see what other products they have in the pipelines. I believe they will go towards packaged meats, frozen foods, and masalas next.

Let's see. 
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 10, 2012, 10:41:03 AM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.

Abb nestle and ULEVER sai comparison tau nahee banta iska ..

anything possbile :tongue:

kya piddi kya piddi ka shorba

i think sab maal offlode ka bahana hai
as time crossed and cdc also unblocked thier investments
in my oppinion sell is better at these levels


chanda piddi shorba sb smj agya heyna keep looking at its caps now hahah n agy b smj ajayega bs ap to yeh socho k buy karu ya nai hehehhe
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on February 10, 2012, 10:41:57 AM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.

Abb nestle and ULEVER sai comparison tau nahee banta iska ..

anything possbile :tongue:

kya piddi kya piddi ka shorba

i think sab maal offlode ka bahana hai
as time crossed and cdc also unblocked thier investments
in my oppinion sell is better at these levels

Maal offload by who? Engro Corp. isn't selling, and neither can all the mutual funds that bought it as an IPO. It's big mutual funds and some other big players buying it up.
Title: FCEPL -- formerly Engro Foods Limited
Post by: malikk on February 10, 2012, 07:24:57 PM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.

Abb nestle and ULEVER sai comparison tau nahee banta iska ..

anything possbile :tongue:

kya piddi kya piddi ka shorba

i think sab maal offlode ka bahana hai
as time crossed and cdc also unblocked thier investments
in my oppinion sell is better at these levels


yar inteshaar aur RED ki baatein na kia karo ... Why Cant u think Of a 50 after scoring 38 ...  :goodc:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Valueestimator on February 10, 2012, 09:57:48 PM
if they are successful in making 10% on sales, the present pe would look lower
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 10, 2012, 09:58:00 PM
In my opinion, it is. Look at Nestle and UniLever multiples, and they're already quite mature companies. Even they're having phenomenal growth in earnings. We have a growing population, that is urbanising even faster. And on top of that, people are getting conscious and buying more packaged food, especially packaged milk. Add on top of that new food products that EFOODS will introduce, and you have a winning combination on your hands. And this isn't even counting the revenue from the Middle East and North America. They plan on earning 50% of their revenue from overseas. I see immense growth, and I'm holding my posiiton for years.

Abb nestle and ULEVER sai comparison tau nahee banta iska ..

anything possbile :tongue:

kya piddi kya piddi ka shorba

i think sab maal offlode ka bahana hai
as time crossed and cdc also unblocked thier investments
in my oppinion sell is better at these levels


yar inteshaar aur RED ki baatein na kia karo ... Why Cant u think Of a 50 after scoring 38 ...  :goodc:

ho jayega sir inshallah... :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: mra901 on February 11, 2012, 11:12:02 AM
Kindly tell me Rice biz is no more handled by EFOODS
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 11, 2012, 11:25:11 AM
Kindly tell me Rice biz is no more handled by EFOODS

well they did it one tym only i think, but there's lot to come in future in termz of new businesses...
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 13, 2012, 12:54:50 PM
anyone have efoods financials plz send me>
Title: FCEPL -- formerly Engro Foods Limited
Post by: AGz on February 13, 2012, 02:06:07 PM
anyone have efoods financials plz send me>

You can get the P&L Statement and other info here download it:

http://engro.com/wp-content/themes/engro-v1.0/pdf/sab-ytd_Sept_2011_v3.pdf
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 13, 2012, 02:20:31 PM
anyone have efoods financials plz send me>

You can get the P&L Statement and other info here download it:

http://engro.com/wp-content/themes/engro-v1.0/pdf/sab-ytd_Sept_2011_v3.pdf

its not full year..
Title: FCEPL -- formerly Engro Foods Limited
Post by: AGz on February 13, 2012, 03:14:45 PM
anyone have efoods financials plz send me>

You can get the P&L Statement and other info here download it:

http://engro.com/wp-content/themes/engro-v1.0/pdf/sab-ytd_Sept_2011_v3.pdf

its not full year..

I hope this helps  :$:

(http://www.kse.com.pk/newsimage/030306-3.gif)
(http://www.kse.com.pk/newsimage/030306-3.gif)
(http://www.kse.com.pk/newsimage/030306-3.gif)

Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 13, 2012, 03:18:25 PM
thx sir... :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abdul Qadir on February 19, 2012, 03:02:59 PM
More tezi to come so keep ur holdings tightly. :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 21, 2012, 03:21:24 PM
 :thumbsdown_anim:
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 21, 2012, 03:23:46 PM
Kiun kia hua
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on February 21, 2012, 07:54:24 PM
@poker bahi
now it is available
ab sirf 5% cash reh gaya hai. FFC pe nazar hai.
Bohat seriously mein is ko buy karna chahta tha around 22-23. lekin one way or other, I could not!
Ab to bohat ooper chala gaya hai
Ab sukoon se hath mal raha hoon. Could have got 70-75% return easily.
Moral: Buy low when value is on the offer. Don't look adverse market conditions.
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on February 21, 2012, 09:23:55 PM
can anybody suggest efoods is still at buy price?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on February 21, 2012, 09:27:52 PM
fundamentally it is a good co but I hope it may come down from these levels.
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on February 21, 2012, 09:31:46 PM
thanks sir but today i have take entry at 41 lets see what is going on :thanks:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on February 22, 2012, 06:17:10 AM
fundamentally it is a good co but I hope it may come down from these levels.

To tell you the truth, I don't think it will come down much, if any. This share is still undervalued, according to me. I think the sky is the limit for this.
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 22, 2012, 09:22:23 AM
fundamentally it is a good co but I hope it may come down from these levels.

To tell you the truth, I don't think it will come down much, if any. This share is still undervalued, according to me. I think the sky is the limit for this.

Agreed cent %...will naroow the gap with ENGRO... will make pundits fundemntalist scratching thier heads kai ENGRO includes EFOODS phir bhee ... :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 22, 2012, 10:15:17 AM
fundamentally it is a good co but I hope it may come down from these levels.

To tell you the truth, I don't think it will come down much, if any. This share is still undervalued, according to me. I think the sky is the limit for this.

Agreed cent %...will naroow the gap with ENGRO... will make pundits fundemntalist scratching thier heads kai ENGRO includes EFOODS phir bhee ... :fingerscrossed1:

will narrow the gap with engro ,

dont u think thats exaggeration????
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 22, 2012, 10:16:52 AM
fundamentally it is a good co but I hope it may come down from these levels.

To tell you the truth, I don't think it will come down much, if any. This share is still undervalued, according to me. I think the sky is the limit for this.

Agreed cent %...will naroow the gap with ENGRO... will make pundits fundemntalist scratching thier heads kai ENGRO includes EFOODS phir bhee ... :fingerscrossed1:

will narrow the gap with engro ,

dont u think thats exaggeration????

Looks unrealistic today will materlize tomorrow ...dont expect engro be 500 when foods is 100 ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 22, 2012, 10:20:26 AM
fundamentally it is a good co but I hope it may come down from these levels.

To tell you the truth, I don't think it will come down much, if any. This share is still undervalued, according to me. I think the sky is the limit for this.

Agreed cent %...will naroow the gap with ENGRO... will make pundits fundemntalist scratching thier heads kai ENGRO includes EFOODS phir bhee ... :fingerscrossed1:

will narrow the gap with engro ,

dont u think thats exaggeration????

Looks unrealistic today will materlize tomorrow ...dont expect engro be 500 when foods is 100 ;)

well anything is fair in love n war... so 500 or 1000 anything is possible budds :tongue: lolz
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 22, 2012, 10:21:28 AM
fundamentally it is a good co but I hope it may come down from these levels.

To tell you the truth, I don't think it will come down much, if any. This share is still undervalued, according to me. I think the sky is the limit for this.

Agreed cent %...will naroow the gap with ENGRO... will make pundits fundemntalist scratching thier heads kai ENGRO includes EFOODS phir bhee ... :fingerscrossed1:

will narrow the gap with engro ,

dont u think thats exaggeration????

Looks unrealistic today will materlize tomorrow ...dont expect engro be 500 when foods is 100 ;)

well anything is fair in love n war... so 500 or 1000 anything is possible budds :tongue: lolz

Good luck bro...& budds ..u sale at 500 and 1000 my prayers ... ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 22, 2012, 10:35:25 AM
fundamentally it is a good co but I hope it may come down from these levels.

To tell you the truth, I don't think it will come down much, if any. This share is still undervalued, according to me. I think the sky is the limit for this.

Agreed cent %...will naroow the gap with ENGRO... will make pundits fundemntalist scratching thier heads kai ENGRO includes EFOODS phir bhee ... :fingerscrossed1:

will narrow the gap with engro ,

dont u think thats exaggeration????

Looks unrealistic today will materlize tomorrow ...dont expect engro be 500 when foods is 100 ;)

well anything is fair in love n war... so 500 or 1000 anything is possible budds :tongue: lolz

Good luck bro...& budds ..u sale at 500 and 1000 my prayers ... ;)

hahahha ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on February 23, 2012, 08:53:30 AM
Anything is possible with food guys. Food is one of the best industries in the world. There is growth and just growth in this industry. And you couple that with a company that has great management and great financial backing, and you have a recipe for great success. 500 is very possible. But it will take a few years.
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on February 27, 2012, 11:25:38 PM
dostu efoods oper jane ki umeed ha?
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on February 27, 2012, 11:26:40 PM
dostu efoods oper jane ki umeed ha?

ENGRO kai barabar ka intezar hai ..mujhay bro .. :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on February 27, 2012, 11:32:21 PM
thanks sir

Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on February 27, 2012, 11:42:34 PM
its a good script. shoul b buy rite from this rate.
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on February 28, 2012, 10:30:15 AM
goooooooood recovery :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Knife on February 28, 2012, 11:56:17 AM
Seniors please recommend. Should i Buy Engro Foods at this rate. Is there any chance of it going to 50.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 28, 2012, 12:03:51 PM
Seniors please recommend. Should i Buy Engro Foods at this rate. Is there any chance of it going to 50.

buy for long term...
Title: FCEPL -- formerly Engro Foods Limited
Post by: Knife on February 28, 2012, 12:13:01 PM
Seniors please recommend. Should i Buy Engro Foods at this rate. Is there any chance of it going to 50.

buy for long term...
Sir, Where do you see the price in the next 12 Months?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on February 28, 2012, 12:32:44 PM
Seniors please recommend. Should i Buy Engro Foods at this rate. Is there any chance of it going to 50.

buy for long term...
Sir, Where do you see the price in the next 12 Months?

70+
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on February 29, 2012, 12:56:06 PM
what this is dong i.e trend?
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 01, 2012, 06:18:00 AM
what this is dong i.e trend?

I personally think it is consolidating. Should stay here for a little bit, then will shoot back up.

Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on March 06, 2012, 09:52:20 AM
caped
looking good :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 06, 2012, 10:23:37 AM
caped
looking good :banana:


 :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Knife on March 06, 2012, 10:24:22 AM
caped
looking good :banana:
Yepiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii..........
Kayla Dance.  :banana: :banana: :banana: :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: khi1990 on March 07, 2012, 12:21:09 AM
i am thinking about buying this share for long term but this seems to be too over valued i mean it had below rs 1.5 eps and its trading at 41 .i understand about its prospect to grow but even then this price hardly seems justifable .and it wont be giving dividend any time soon as per their offer for sale document . so wont it come below 30 once this optimism erodes?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 12:37:38 AM
i am thinking about buying this share for long term but this seems to be too over valued i mean it had below rs 1.5 eps and its trading at 41 .i understand about its prospect to grow but even then this price hardly seems justifable .and it wont be giving dividend any time soon as per their offer for sale document . so wont it come below 30 once this optimism erodes?

hahaha forget it... :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: malikk on March 07, 2012, 02:19:32 AM
i am thinking about buying this share for long term but this seems to be too over valued i mean it had below rs 1.5 eps and its trading at 41 .i understand about its prospect to grow but even then this price hardly seems justifable .and it wont be giving dividend any time soon as per their offer for sale document . so wont it come below 30 once this optimism erodes?

bht der ker di mehebaan aatay aatay  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: imran.hafeez on March 07, 2012, 08:07:33 AM
You are very right.

It has such a high p/e ratio which makes current price unjustifiable.

i am thinking about buying this share for long term but this seems to be too over valued i mean it had below rs 1.5 eps and its trading at 41 .i understand about its prospect to grow but even then this price hardly seems justifable .and it wont be giving dividend any time soon as per their offer for sale document . so wont it come below 30 once this optimism erodes?
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 07, 2012, 08:44:23 AM
The current price is not unjustifiable at all. Stock markets price stocks on their expected earnings, not on historical earnings. Reported earnings are history. It's what is ahead that matters. It should earn around Rs.3.50 - Rs.4.00 in FY12. Now, when you look at that, it doesn't look overpriced at all, does it? In fact, it looks undervalued. I still think accumulating it here at these levels is not bad. You can start buying a little bit, and can buy a bit more when it corrects a bit, but it's not going down to 30 at all. Consumer goods companies always have high valuations.
Title: FCEPL -- formerly Engro Foods Limited
Post by: imran.hafeez on March 07, 2012, 09:09:30 AM
Yes it is undervalued, if its shows around Rs 3.5-Rs 4 EPS in CY12 and its growth momentum continues.

But EPS of Rs 4 means 300% growth in EPS.


The current price is not unjustifiable at all. Stock markets price stocks on their expected earnings, not on historical earnings. Reported earnings are history. It's what is ahead that matters. It should earn around Rs.3.50 - Rs.4.00 in FY12. Now, when you look at that, it doesn't look overpriced at all, does it? In fact, it looks undervalued. I still think accumulating it here at these levels is not bad. You can start buying a little bit, and can buy a bit more when it corrects a bit, but it's not going down to 30 at all. Consumer goods companies always have high valuations.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 09:21:40 AM
Yes it is undervalued, if its shows around Rs 3.5-Rs 4 EPS in CY12 and its growth momentum continues.

But EPS of Rs 4 means 300% growth in EPS.


The current price is not unjustifiable at all. Stock markets price stocks on their expected earnings, not on historical earnings. Reported earnings are history. It's what is ahead that matters. It should earn around Rs.3.50 - Rs.4.00 in FY12. Now, when you look at that, it doesn't look overpriced at all, does it? In fact, it looks undervalued. I still think accumulating it here at these levels is not bad. You can start buying a little bit, and can buy a bit more when it corrects a bit, but it's not going down to 30 at all. Consumer goods companies always have high valuations.

the time will decide who is overdervalued n who is not.. :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on March 07, 2012, 09:32:30 AM
Hold EFOODS

Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 09:33:48 AM
Hold EFOODS

offcourse hold.
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on March 07, 2012, 01:12:07 PM
no target going higher hold it tightly
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 01:14:59 PM
no target going higher hold it tightly


??????????
Title: FCEPL -- formerly Engro Foods Limited
Post by: Big Broker on March 07, 2012, 02:51:39 PM
Profitability:
Efoods Profit for 2010 was just few hunderd millions.  :confused1:

Profit After tax for 2011 is close to one billion.  :arrowhead:

Four times increase in profit. Price is about to double if i consider ipo price to be my starting point.

BMA fair value for stock is PKR 35.  :smilestar:

Growth:
Pakistan is 5th largest milk producer yet we don't meet our demand.  :shock:
Management is considering an expension plan which will eventually hit the market.  ::)

Techinially:
It is going north and currently trading at uncharted territory.  :biggthumpup:

Title: FCEPL -- formerly Engro Foods Limited
Post by: khi1990 on March 07, 2012, 04:25:49 PM
well meezan banks profit grew at the same rate and it has growth prospects with dividend payout its valued at rs 24 right nw with the bullish market .Well even if u believe profits might double that makes rs 2 eps in the next year .well i believe right nw is satta time at e foods
Title: FCEPL -- formerly Engro Foods Limited
Post by: Big Broker on March 07, 2012, 05:10:44 PM
Are You comparing meezan bank with Engro Foods ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on March 07, 2012, 05:14:35 PM
There is no comparison b/w Banks and FMCG

There is unbeatable growth in Food sector, just need to tape it out and company is doing Great

Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 07:41:34 PM
well meezan banks profit grew at the same rate and it has growth prospects with dividend payout its valued at rs 24 right nw with the bullish market .Well even if u believe profits might double that makes rs 2 eps in the next year .well i believe right nw is satta time at e foods

Dear Mr. khi1990, u need to know alot and alot first giving your mosttttttttt valuable opinions, mebl n efoods mighty mighty difference u made me laugh :laugh: :smilestar:

Title: FCEPL -- formerly Engro Foods Limited
Post by: Knife on March 07, 2012, 10:07:14 PM
Seniors. What do you recommend at these levels and specially after today's last minute movement. Some sold big chunk at lock. What do you think, how it will perform tomorrow. :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: imran.hafeez on March 07, 2012, 10:27:11 PM
I totally agree with you.

Meezan has also shown more than 100% growth in profits and its future growth prospects are also very bright.

But it is not trading at such a high multiple as EFOODS

To me these ULEVER, NESTLE and EFOODS are like a Dot Com bubble which bursted in 2001.

One day market will find out that these companies profits have stopped growing like telecom companies and then it will be a dooms day for them.

Cellular mobile sector also enjoyed exponential growth between 2005 till 2008, and now its stagnating.

These food companies are not out of this world, that they are entitled to P/Es of 30-40.


well meezan banks profit grew at the same rate and it has growth prospects with dividend payout its valued at rs 24 right nw with the bullish market .Well even if u believe profits might double that makes rs 2 eps in the next year .well i believe right nw is satta time at e foods
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 11:04:33 PM
I totally agree with you.

Meezan has also shown more than 100% growth in profits and its future growth prospects are also very bright.

But it is not trading at such a high multiple as EFOODS

To me these ULEVER, NESTLE and EFOODS are like a Dot Com bubble which bursted in 2001.

One day market will find out that these companies profits have stopped growing like telecom companies and then it will be a dooms day for them.

Cellular mobile sector also enjoyed exponential growth between 2005 till 2008, and now its stagnating.

These food companies are not out of this world, that they are entitled to P/Es of 30-40.


well meezan banks profit grew at the same rate and it has growth prospects with dividend payout its valued at rs 24 right nw with the bullish market .Well even if u believe profits might double that makes rs 2 eps in the next year .well i believe right nw is satta time at e foods


hahahah hilarious :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 11:05:28 PM
Seniors. What do you recommend at these levels and specially after today's last minute movement. Some sold big chunk at lock. What do you think, how it will perform tomorrow. :skeptic:

just hold.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 11:06:45 PM
I totally agree with you.

Meezan has also shown more than 100% growth in profits and its future growth prospects are also very bright.

But it is not trading at such a high multiple as EFOODS

To me these ULEVER, NESTLE and EFOODS are like a Dot Com bubble which bursted in 2001.

One day market will find out that these companies profits have stopped growing like telecom companies and then it will be a dooms day for them.

Cellular mobile sector also enjoyed exponential growth between 2005 till 2008, and now its stagnating.

These food companies are not out of this world, that they are entitled to P/Es of 30-40.


well meezan banks profit grew at the same rate and it has growth prospects with dividend payout its valued at rs 24 right nw with the bullish market .Well even if u believe profits might double that makes rs 2 eps in the next year .well i believe right nw is satta time at e foods


hahahah hilarious :tongue:

come out of your innocent dreams highly recommended :lazy2:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 07, 2012, 11:07:26 PM
@imran.hafeez
yaar food sector with growing population has never ending demand and plus they are consumable items unlike cell phones which take 2-3 year to be replaced.
Main to bohat ranjeeda hoon ke 23 pe buy kyun nahi kiya mujhe pata tha ke bohat promising hai
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on March 07, 2012, 11:08:08 PM
well meezan banks profit grew at the same rate and it has growth prospects with dividend payout its valued at rs 24 right nw with the bullish market .Well even if u believe profits might double that makes rs 2 eps in the next year .well i believe right nw is satta time at e foods

Dear Mr. khi1990, u need to know alot and alot first giving your mosttttttttt valuable opinions, mebl n efoods mighty mighty difference u made me laugh :laugh: :smilestar:

Haan Kahan Meezan kahan ENGRO Foods  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 11:12:09 PM
@imran.hafeez
yaar food sector with growing population has never ending demand and plus they are consumable items unlike cell phones which take 2-3 year to be replaced.
Main to bohat ranjeeda hoon ke 23 pe buy kyun nahi kiya mujhe pata tha ke bohat promising hai

poker bhai sounds quite logical..

@imran sb
different industries have different dynamics so u need to understand b/w them do not mix donkey with horse :laugh:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 07, 2012, 11:45:53 PM
In addition to what other said, this is just the start. They are only in the dairy, and juices business right now. They have yet to go into yogurts, and then there are countless other food products that they plan on expanding to. The growth is literally endless. And this company is not just limited to Pakistan (like NESTLE and UNILEVER PAK FOOD), it has Al-Safa in North America, and wants to increase its footprint abroad, especially in North America and the Middle East. Plus, each industry has different valuations. No comparison between banks and food. Food has and always will remain a highly valued sector. Growing demand, plus many different products to tap into. Just look at food companies internationally. They sell at a premium to other stocks.

This is my most favorite stock and I have been advocating it since before it came out. Look at the first few pages of this thread.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 07, 2012, 11:51:37 PM
@imran sb

i would like u to come up with a valid argue please if u have any?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on March 08, 2012, 01:10:12 PM
EFOODS: Tapping the Potentials

Engro Foods (EFOODS) held a corporate briefing yesterday to discuss its performance and future outlook. We present key takeaways from the meeting along with our analysis

 EFOODS plans to invest PKR8.7bn for expansion this year. PKR2.0bn will go to the powdered milk business, whereas the rest will be divided between cold chain infrastructure development, dairy capacity expansion and livestock acquisition

 Omang is expected to drive future growth for EFOODS, since the product, priced at PKR65/ltr, is already at a discount to loose milk in urban areas

 Omore is currently present in 40% of the stores compared to major competition, thus apart from conversion from unbranded ice cream in rural areas, enhancing presence in more stores will drive growth for the segment. Resultantly, the management expects Omore to become profitable by CY13

 Current rebranding strategy and introduction of products to new store chains would provide Al-Safa higher penetration. Moreover the company will introduce paratha and rice products going forward

 We believe that EFOODS has double digit growth prospects in dairy and ice cream segments. We are in the process of reviewing our financial model for the company and will inform our investors on our updated projections in due time

bma
Title: FCEPL -- formerly Engro Foods Limited
Post by: Big Broker on March 08, 2012, 01:46:00 PM

Growth:
Management is considering an expension plan which will eventually hit the market.  ::)


EFOODS plans to invest PKR8.7bn for expansion this year. PKR2.0bn will go to the powdered milk business, whereas the rest will be divided between cold chain infrastructure development, dairy capacity expansion and livestock acquisition.

 :$:

Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 08, 2012, 04:32:55 PM

Dear Seniors, Kindly guide on todays negative closing by EFOODS. Is this a temporary adjustment after two upper locks or anything serious.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 04:35:51 PM

Dear Seniors, Kindly guide on todays negative closing by EFOODS. Is this a temporary adjustment after two upper locks or anything serious.

nothing serious.
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 08, 2012, 04:39:22 PM
Dear Brother stockz_123

Thanks for your views. Kindly also guide me if this lower price is a buying opportunity . I bought today.  Plan to buy more.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 05:28:46 PM
Dear Brother stockz_123

Thanks for your views. Kindly also guide me if this lower price is a buying opportunity . I bought today.  Plan to buy more.

your welcome budds,
yr end target 70+
hold your buying.
add more if get below 40.
fundamentally sound share n phenomenal future growth :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 08, 2012, 08:56:31 PM
Copied under an interesting headlines from ELIXIR:


CY11 target achieved; optimism for CY12

CY11 has been a phenomenal year for EFOODS as all the targets/expectations set
forth by the management at the time of initial public offering have been achieved.
Sales achieved during CY11 were  100% of the targeted sales, while CY11 EBITDA
was 97% of targeted EBITDA for CY11. However, bottom line at PKR891mn
surpassed the expected level of PKR597mn by a 49% margin, likely due to higher
other income and lower than projected depreciation expense.
This has increased
our  conviction on the company management for  future growth achievement.
EFOODS projected growth in sales and EBITDA stand at 31% and 73% respectively
for CY12. In addition to that,  it  is comfortably placed as far as all key ratios are
concerned. Debt: equity ratio (31:69) and current ratio (1.8) are well within
acceptable limits. Despite raising PKR5bn for PKR8.7bn capex, management is
anticipated D:E ratio of 50:50 by the end 2012, which is still below than covenant
target of 75:25.     
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on March 08, 2012, 10:16:18 PM
buy buy buy.......;risk is there but gain is definate.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 10:20:37 PM
nice share budds , kindly share the link if possible?
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 08, 2012, 10:29:22 PM

http://stockmarketresearchreports.com/2012/MARCH/08_03_12/Elixir/Corporate%20Briefing%20-%20Engro%20Foods.pdf
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 08, 2012, 10:37:12 PM
Debt:Equtiy ratio of 31:69 needs confirmation because it should be the other way round i.e 69:31 wanra to yeh shariah compliant ho sakta hai

Secondly current ratio of 1.8 is also due to loan proceeds I guess because this is the only reason that they are able to maintain such an outstanding liquidity in their books
Annual report still not published at site?
Any link to 2011 annual report will be appreciated!
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 10:46:41 PM
Debt:Equtiy ratio of 31:69 needs confirmation because it should be the other way round i.e 69:31 wanra to yeh shariah compliant ho sakta hai

Secondly current ratio of 1.8 is also due to loan proceeds I guess because this is the only reason that they are able to maintain such an outstanding liquidity in their books
Annual report still not published at site?
Any link to 2011 annual report will be appreciated!

no it can't be 69:31 poker bhai.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 08, 2012, 10:48:43 PM
Debt:Equtiy ratio of 31:69 needs confirmation because it should be the other way round i.e 69:31 wanra to yeh shariah compliant ho sakta hai

Secondly current ratio of 1.8 is also due to loan proceeds I guess because this is the only reason that they are able to maintain such an outstanding liquidity in their books
Annual report still not published at site?
Any link to 2011 annual report will be appreciated!

no it can't be 69:31 poker bhai.
69% equity means a very stable rich cash company with very low risk
But are you sure it is 69% equity? I need confirmation from some reliable document
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 11:21:16 PM

http://stockmarketresearchreports.com/2012/MARCH/08_03_12/Elixir/Corporate%20Briefing%20-%20Engro%20Foods.pdf

tariq bhai, plz check your pm..
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on March 08, 2012, 11:35:41 PM
Hold EFoods and Buy if it takes dip
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 11:38:24 PM

http://stockmarketresearchreports.com/2012/MARCH/08_03_12/Elixir/Corporate%20Briefing%20-%20Engro%20Foods.pdf

tariq bhai, plz check your pm..

thx alot...
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 11:43:33 PM
Debt:Equtiy ratio of 31:69 needs confirmation because it should be the other way round i.e 69:31 wanra to yeh shariah compliant ho sakta hai

Secondly current ratio of 1.8 is also due to loan proceeds I guess because this is the only reason that they are able to maintain such an outstanding liquidity in their books
Annual report still not published at site?
Any link to 2011 annual report will be appreciated!

no it can't be 69:31 poker bhai.
69% equity means a very stable rich cash company with very low risk
But are you sure it is 69% equity? I need confirmation from some reliable document

its true, because elixir's report mentioning it.
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on March 08, 2012, 11:44:43 PM
Is co kau 5 years tak kuch nahee daina .. Yeh apko kisi achay Cosrporate Books ki invesmtnet main bhee nahee milay ga ...

Although ... Financials Great. .and MV is astonishing ... but still feel kai its quite mehnga item... for cap gains .. purposes ..

 Undiscovered charm hai ismain ...
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 11:47:51 PM
Is co kau 5 years tak kuch nahee daina .. Yeh apko kisi achay Cosrporate Books ki invesmtnet main bhee nahee milay ga ...

Although ... Financials Great. .and MV is astonishing ... but still feel kai its quite mehnga item... for cap gains .. purposes ..

 Undiscovered charm hai ismain ...

haan isko nai daina but sarry satta items ko daina hey  :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on March 08, 2012, 11:49:45 PM
Is co kau 5 years tak kuch nahee daina .. Yeh apko kisi achay Cosrporate Books ki invesmtnet main bhee nahee milay ga ...

Although ... Financials Great. .and MV is astonishing ... but still feel kai its quite mehnga item... for cap gains .. purposes ..

 Undiscovered charm hai ismain ...

haan isko nai daina but sarry satta items ko daina hey  :tongue:

Tumharay jawab sai yeh laga kai u hold EFOODS ... :biggrin:

I said kai its too expensive item for capital gain purposes ... Diiv Yield ka attraction bhee nahee hai ..Bro.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on March 08, 2012, 11:52:14 PM
Much of Capital Gain awaited in this Scrip, Just wait and see
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 11:52:47 PM
Is co kau 5 years tak kuch nahee daina .. Yeh apko kisi achay Cosrporate Books ki invesmtnet main bhee nahee milay ga ...

Although ... Financials Great. .and MV is astonishing ... but still feel kai its quite mehnga item... for cap gains .. purposes ..

 Undiscovered charm hai ismain ...

haan isko nai daina but sarry satta items ko daina hey  :tongue:

Tumharay jawab sai yeh laga kai u hold EFOODS ... :biggrin:

I said kai its too expensive item for capital gain purposes ... Diiv Yield ka attraction bhee nahee hai ..Bro.

its not being about hold or does not, i know what u mean, just chill  ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on March 08, 2012, 11:53:08 PM
oki. bro ...
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 08, 2012, 11:54:33 PM
kamal sahab ka matlab hai ke it is not a satta item so he analysed it as per fundamental theory
baqi ab satta items ke to fundamentals hote hi nahi hain to dena ya na dena to pointless ho jata hai  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 11:55:03 PM
Much of Capital Gain awaited in this Scrip, Just wait and see

 :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 08, 2012, 11:56:03 PM
kamal sahab ka matlab hai ke it is not a satta item so he analysed it as per fundamental theory
baqi ab satta items ke to fundamentals hote hi nahi hain to dena ya na dena to pointless ho jata hai  :biggthumpup:

 :laugh:
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on March 08, 2012, 11:58:37 PM
kamal sahab ka matlab hai ke it is not a satta item so he analysed it as per fundamental theory
baqi ab satta items ke to fundamentals hote hi nahi hain to dena ya na dena to pointless ho jata hai  :biggthumpup:

Xactly .... ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 09, 2012, 12:14:08 AM

Dear Brother KAMAL ,   I have seen 3 qtr report of 2011 result to see what was the financial position after 3rd qtr 2011.  annual 2011 are not available. It shows total assets at 19.4 billion while equity is 7.2 billion.   Please also note that long term borrowings are 7.4 billion too. and short term borrowing are 1.4 billion.

Last quarter profit around 890 million .  It means equity will be 7.2+0.89 = over 8 billion in the annual 2011 accounts.

long term debt to equity might be 31 :69 by annual 2011 as they had reduced the long term debt further in the 4th qtr of 2011 due to very good 4th qtr, 2011.  the qtr was phenomenal as EPS OF PKR 0. 67 per share was recorded in it out of total EPS of PKR 1.2 per share.

But still I leave it till we have final accounts.  One thing is good equity is quite strong.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on March 09, 2012, 11:56:27 PM
http://youtu.be/tGxHmLa49VE
Title: FCEPL -- formerly Engro Foods Limited
Post by: Irfankhan on March 10, 2012, 12:29:19 AM
http://youtu.be/tGxHmLa49VE
have bought few around 24 but still getting tips for 68 rupees i dont know what to do? i can wait till end dec. but will it go to even 60?
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 10, 2012, 12:48:11 AM

Dear Brother KAMAL & POKAR FACE ,  It is 100% confirm that debt (long term) equity ratio was 31:69.  We have seen the presentation from CEO.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 10, 2012, 12:51:16 AM

Dear Brother KAMAL & POKAR FACE ,  It is 100% confirm that debt (long term) equity ratio was 31:69.  We have seen the presentation from CEO.
then it has been badly missed by me around mid 20's  :down:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 12:53:34 AM
http://youtu.be/tGxHmLa49VE
have bought few around 24 but still getting tips for 68 rupees i dont know what to do? i can wait till end dec. but will it go to even 60?

just hold long term.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Irfankhan on March 10, 2012, 01:09:03 AM
http://youtu.be/tGxHmLa49VE
have bought few around 24 but still getting tips for 68 rupees i dont know what to do? i can wait till end dec. but will it go to even 60?

just hold long term.
Yes brother i will hold what i hv but should i buy some more here? for 68 rate.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 01:12:35 AM
yup u can , because you can have a good average. no issue for you to buy here i guess.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on March 10, 2012, 03:29:49 PM
yup u can , because you can have a good average. no issue for you to buy here i guess.

What about a new entry at current level?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 10, 2012, 04:16:42 PM
If you want to hold for long term, then it is no issue however, in short-medium term, it can go down.
You can target avg 38 with 50% buying here and 50% between 33-34 in case it goes down.
Or 33% here and 66% in mid-30's. In this case, your downside will also have a kind of hedge and you will also be able to somewhat benefit from the upside.
This is what I did in MTL bought @ 456 and targeted to buy remaining around 430-425 but it never came so I benefited some what.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 05:09:29 PM
If you want to hold for long term, then it is no issue however, in short-medium term, it can go down.
You can target avg 38 with 50% buying here and 50% between 33-34 in case it goes down.
Or 33% here and 66% in mid-30's. In this case, your downside will also have a kind of hedge and you will also be able to somewhat benefit from the upside.
This is what I did in MTL bought @ 456 and targeted to buy remaining around 430-425 but it never came so I benefited some what.

v.gud advise by poker, but personally i don't see it going that much down.
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 10, 2012, 05:20:05 PM
Dear Brother Pokar Face & Dear Brother  stockz_123

So you both agree that it can go down and is high priced at this moment.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 10, 2012, 05:22:47 PM
EFOODS was our key pick in CY11 wherein we have assigned a DCF price of Rs
141/sh much to the utter surprise of the market. However, our assumption was
based on the fact that even if EFOODS attains 50% margin of what NESTLE is
attaining in milk segment then our assumption would be prove to be right. We see
EFOODS gaining foothold in ice creams, juices, flavored milk apart from key flag
brand OLPERS and other variants. We expect EFOODS CY12 EPS could be Rs 4/sh
wherein as per our old discussion with ENGRO management, EFOODS continue to
be a value investment play.  

Target Rs. 141/-

Standard Capital
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 05:40:41 PM
Dear Brother Pokar Face & Dear Brother  stockz_123

So you both agree that it can go down and is high priced at this moment.

poker gave u how to paly with hedging your risk which is the best practice, whereas i said i don't see it coming down much.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 05:42:37 PM
EFOODS was our key pick in CY11 wherein we have assigned a DCF price of Rs
141/sh much to the utter surprise of the market. However, our assumption was
based on the fact that even if EFOODS attains 50% margin of what NESTLE is
attaining in milk segment then our assumption would be prove to be right. We see
EFOODS gaining foothold in ice creams, juices, flavored milk apart from key flag
brand OLPERS and other variants. We expect EFOODS CY12 EPS could be Rs 4/sh
wherein as per our old discussion with ENGRO management, EFOODS continue to
be a value investment play. 

Target Rs. 141/-

Standard Capital

poker bhai plz share the link of this?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 05:48:59 PM
EFOODS was our key pick in CY11 wherein we have assigned a DCF price of Rs
141/sh much to the utter surprise of the market. However, our assumption was
based on the fact that even if EFOODS attains 50% margin of what NESTLE is
attaining in milk segment then our assumption would be prove to be right. We see
EFOODS gaining foothold in ice creams, juices, flavored milk apart from key flag
brand OLPERS and other variants. We expect EFOODS CY12 EPS could be Rs 4/sh
wherein as per our old discussion with ENGRO management, EFOODS continue to
be a value investment play. 

Target Rs. 141/-

Standard Capital

poker bhai plz share the link of this?

i think u took it from BNP right?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 10, 2012, 05:49:07 PM
Detailed Report on 04 Nov' 11 (http://www.scstrade.com/research/Research%20Reports/General/EFFOODS%20SHOWING%20QUICK%20PROGRESS%20I%20LONG%20TERM%20PROPOSITION.pdf)

Follower Report on 29 Feb' 12 (http://www.scstrade.com/research/Research%20Reports/General/Focus%20on%20three%20Engros.pdf)
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 05:51:00 PM
Detailed Report on 04 Nov' 11 (http://www.scstrade.com/research/Research%20Reports/General/EFFOODS%20SHOWING%20QUICK%20PROGRESS%20I%20LONG%20TERM%20PROPOSITION.pdf)

Follower Report on 29 Feb' 12 (http://www.scstrade.com/research/Research%20Reports/General/Focus%20on%20three%20Engros.pdf)

eps Rs 4 means its free even at this rate, n 141 target mark is achievable in near future  :goodc: in 2013
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on March 10, 2012, 05:58:04 PM
Detailed Report on 04 Nov' 11 (http://www.scstrade.com/research/Research%20Reports/General/EFFOODS%20SHOWING%20QUICK%20PROGRESS%20I%20LONG%20TERM%20PROPOSITION.pdf)

Follower Report on 29 Feb' 12 (http://www.scstrade.com/research/Research%20Reports/General/Focus%20on%20three%20Engros.pdf)

eps Rs 4 means its free even at this rate, n 141 target mark is achievable in near future  :goodc: in 2013

eps 4 rs is on the higher side. PAT of 1.6b is what is being projected by engro themselves for 2012
in there latest elixir corporate briefing which makes eps of 2.1rs
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 10, 2012, 05:59:44 PM
150 to mera apna bhi personal estimate hai
for long term
even if it reaches 150 in 4 years i.e March 2016, even if it does not pay any dividend, it will generate a CAGR of 37.5% which will be higher than its counterparts.

NESTLE has given a CAGR of 25.6% in last 5 years
UPFL has given a CAGR of 22.80% in last 5 years
both inclusive of dividends
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 06:05:21 PM
150 to mera apna bhi personal estimate hai
for long term
even if it reaches 150 in 4 years i.e March 2016, even if it does not pay any dividend, it will generate a CAGR of 37.5% which will be higher than its counterparts.

NESTLE has given a CAGR of 25.6% in last 5 years
UPFL has given a CAGR of 22.80% in last 5 years
both inclusive of dividends


hmmm still best in peers.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 10, 2012, 06:06:34 PM
31% of total assets being debt is nothing.
Secondly the sector has good operating cycle which means cash of the company is not stuck in inventory for long periods of time because food gets expired after some time.
So, this may be a cash rich company paying nice dividends in the long term just like NESTLE & UPFL.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 06:09:48 PM
31% of total assets being debt is nothing.
Secondly the sector has good operating cycle which means cash of the company is not stuck in inventory for long periods of time because food gets expired after some time.
So, this may be a cash rich company paying nice dividends in the long term just like NESTLE & UPFL.

this would surely be a handsome payout co. in going forward.
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 10, 2012, 06:13:32 PM
Dear Brother Pokar Face,  Thank you.  However, short term risk to price remains there or you see trigger in it with first quarter result. First quarter if comes in the range of EPS @ 0.50 per share to EPS @ 0.65 per share, how do you see stock price to react?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 10, 2012, 06:39:04 PM
Dear Brother Pokar Face,  Thank you.  However, short term risk to price remains there or you see trigger in it with first quarter result. First quarter if comes in the range of EPS @ 0.50 per share to EPS @ 0.65 per share, how do you see stock price to react?
upside risk? yes, eps 0.5 to 0.65 can propel it towards 50 or I guess better estimators may have already factored in that much eps after seeing its move from mid 20's to here.
down side risk I guess will remain with overall market.

Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 10, 2012, 07:24:06 PM
@ Poker Face:

The Annual Report 2011 is on Engro's website. Look on the left hand side and you'll see it. It's been out for a couple weeks now.

In terms of price target, I personally think it'll be in the neighborhood of Rs.200 - Rs.250 in about 4 years or so. Good growth coming, and they're investing more in their supply chain and collection infrastructure to sustain this growth.

@ Farzooq:

You're saying Rs.1.6 Billion since that's EFOODS management's estimate. They estimated around Rs.0.90 or so for 2011, and look what EPS came out to. I personally think it'll be around Rs.3.00 - Rs. 3.20. Target price around Rs.70 till announcement.

To all the people who are wondering whether to accumulate or not, I don't think there's much downside risk to this. If you want to be safe, start accumulating a little bit here, and then load up if there's any kind of pullback.

Let's see what happens.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 10, 2012, 07:26:18 PM

Dear Brother KAMAL & POKAR FACE ,  It is 100% confirm that debt (long term) equity ratio was 31:69.  We have seen the presentation from CEO.
then it has been badly missed by me around mid 20's  :down:

Kabhi hamari bhi baat sun lia karo.  :console:
Abhi bhi time hai. If you want it for the long term, then start accumulating.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 10, 2012, 07:36:06 PM
@ momo
Annual report not opening bro

Any successful link?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 10, 2012, 07:43:17 PM
@ stockz_123
what is your entry/avg buy price in EFOODS?
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 10, 2012, 07:45:02 PM
Dear Momo, I hv started accumulating it in the last few days.  I agree with you that projected profit for 2011 was 600 million rupees and they FINALLY achieved around 900 million, up handsome 50%.  Now they are fixed their target at 1671 million rupees.  If they keep up the trend and achieve another 50% up than this target. EPS will reach pkr 3.3 per share.

First quarter (JAN -MAR 2012) sales units of packs will be higher than 4th quarter 2011 sales, and hence the projection are indicating growth to continue. Conservative estimate of EPS is PKR 0.50 TO PKR 0.7 PER SHARE
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 10, 2012, 09:43:17 PM
@ momo
Annual report not opening bro

Any successful link?

I just checked and you're right, the website doesn't seem to be working. Don't have any other link for it. I have it saved on my computer, but don't know how to give it to you. Try the website after a few days or so.

Dear Momo, I hv started accumulating it in the last few days.  I agree with you that projected profit for 2011 was 600 million rupees and they FINALLY achieved around 900 million, up handsome 50%.  Now they are fixed their target at 1671 million rupees.  If they keep up the trend and achieve another 50% up than this target. EPS will reach pkr 3.3 per share.

First quarter (JAN -MAR 2012) sales units of packs will be higher than 4th quarter 2011 sales, and hence the projection are indicating growth to continue. Conservative estimate of EPS is PKR 0.50 TO PKR 0.7 PER SHARE

Yeah, let's see. Let's hope for the best. And if it misses, that's just another opportunity to accumulate.  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Daftari on March 10, 2012, 11:29:40 PM
@ momo
Annual report not opening bro

Any successful link?

I just checked and you're right, the website doesn't seem to be working. Don't have any other link for it. I have it saved on my computer, but don't know how to give it to you. Try the website after a few days or so.

Dear Momo, I hv started accumulating it in the last few days.  I agree with you that projected profit for 2011 was 600 million rupees and they FINALLY achieved around 900 million, up handsome 50%.  Now they are fixed their target at 1671 million rupees.  If they keep up the trend and achieve another 50% up than this target. EPS will reach pkr 3.3 per share.

First quarter (JAN -MAR 2012) sales units of packs will be higher than 4th quarter 2011 sales, and hence the projection are indicating growth to continue. Conservative estimate of EPS is PKR 0.50 TO PKR 0.7 PER SHARE

Yeah, let's see. Let's hope for the best. And if it misses, that's just another opportunity to accumulate.  :biggrin:

Maybe this is of use to you!

http://engro.com/wp-content/themes/engro-v1.0/pdf/Security-Analyst-Briefing-FY-2011.pdf
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 10, 2012, 11:31:06 PM
@ stockz_123
what is your entry/avg buy price in EFOODS?

its 35 and now also planing to buy more which definitely would bring my avg come up,
lets see where i step in again. i am quite optimistic in it,
my target is 65-70+ of year end,
lets see where it lands :s1:   
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on March 12, 2012, 11:09:39 PM
what,s now. comments pls.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 12, 2012, 11:49:44 PM
what,s now. comments pls.

??
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 13, 2012, 01:40:08 PM
 :shoaby: :banana: :shoaby:
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on March 13, 2012, 02:13:18 PM
@ momo
Annual report not opening bro

Any successful link?

Its back on the website. Try the link below

http://engro.com/wp-content/uploads/2012/02/engro-foods-annual-report-2011.pdf
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 13, 2012, 09:50:20 PM
AKD investments have recently invested there 25% plus of AKD total mutual funds value in EFOODS.
I have no idea ''WHY'' they are too much bullish in this share only?  :skeptic:
SENIOR MEMBERS I WOULD HIGHLY APPRECIATE IF YOU COULD GUIDE ME.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 13, 2012, 10:06:17 PM
AKD investments have recently invested there 25% plus of AKD total mutual funds value in EFOODS.
I have no idea ''WHY'' they are too much bullish in this share only?  :skeptic:
SENIOR MEMBERS I WOULD HIGHLY APPRECIATE IF YOU COULD GUIDE ME.

huge growth element turns into huge profits.
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on March 13, 2012, 10:06:36 PM
just out of curosity...can a mutal fund invest such heavy percentage in a single scrip..??

i guess they are bound by some parameters not to invest to much ina  single scrip or are they not...just cant remember..otehrwsie wud have to revert to there offering document for refrence
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 13, 2012, 10:48:34 PM
u r absolutely right that they cant invest more then 10% of there total available funds in single script.
I have seen this in there product monitor report for Feb 2012, I also have saved there previous reports for Jan 2012.
GASF have 12.8% and AKDOF have invested 13.7% in EFOODS from Dec 2011 till Feb 2012.
I am 29 and have just 6 to 7 years stock market experience I have never seen such wrong stepping from AKD investments. this time they have surprised me.
they were 10% + 10 % invested in EFOODS in JAN but fresh buying of 7 % extra means either they are planning for price hike for selling or they have calculated something that we are not able to. :crying_anim02:
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on March 13, 2012, 10:57:44 PM
hmm..nice catch...but i am sure they wud have some loop hole for teh deviation, in fine print, somewhere in offering document.....like they can have some % for day trades..or they might offlaod well before the clsoing of next month....or they increase their capital base by funds injection of depositers to dilute the scrip %...as i said, offering docyument dekhan paray ga.

kai dafa jese kuch funds TFCs me entry ban kertay hain, per agay hi gol mol expemtion lene ke tarekay bhi mojood hotay hain....kaal iski reports n offering documents down laod ejrta hoon....just for tafreeh
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 13, 2012, 11:06:40 PM
app www.akdinvestment.com open karo,, reports pay click karo, then click on monthly market/fund monitor, scroll down to product monitor check AKDOF and GASF Feb report.
ajj GASF key value 10 paisa appreciate hoi hay correction mai bhiiii?
samaj nahey atii akhir EFOODS and TRG mai esa kia rakha hay kay yai in kay pechay paray howay hain???// :brickwall:
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on March 13, 2012, 11:22:51 PM
well, offering document parh hi liya ( i mean the relevant portions )

10 % ki restriction ahi per script per point # 5 saying if it goes beyond ( yani it can and will go ) the only restriction is not to buy more, yani selling ki restriction nahe hai.

secondly, an excuse for higher % casn be...ke they might have had it at 7-8 % but due to continous locks...is ki percentage jump ker gai hu marl to market....we all seeing it as some scrips in our portfolio jumping like crazy...increasing there size in portfolio.

thirdly...it being a oppurtuiniy fund..its rate can still increase even if marekt down...if they wud have some exposure in money market..zahir hai wahan ki growth tu ani hi hai NAV pe
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 13, 2012, 11:32:33 PM
thanx alot kay app nay itni takleef othai, bohat bohat shukrea.

waisay agar time  milay tou monthly report bhi zaror open karain. in ka exposure 97% euity mai hay.

I really appreciate the way u explained things.  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on March 13, 2012, 11:35:50 PM
had nothign else to do tonight...cable per bhi koi achi movie anhe a rahi...na hi kaal ke liye koi buying targets hain...tu aur kiya kerta.....khauf-e-khkuda mutual fund ke offering document parh ker time pass ekr liya... :arrowhead:
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on March 13, 2012, 11:37:46 PM
EFOODS has already achieved to get higher market share in packaged milk market than NESTLE and other players. Their sales is increasing with phenomenal rate.  2012 , will mean they achieve EPS of  2 to 3 rupees and FOOD trades at P/E of 20 plus. Therefore, the current price is in anticipation of 2012 EPS. It is already quite easy to understand that the sales of EFOODS can even surpass ENGRO FERTILIZERS.  You can well imagine the potential.  With upcoming 8.7 BILLION CAPEX , they are going make the MILK BUSINESS for 300% capacity expansion in order their sales momentum is not retarded with the capacity constraint.  I am quite optimistic that EFOODS will achieve a price of 60 plus by December 2012
Title: FCEPL -- formerly Engro Foods Limited
Post by: fasee on March 13, 2012, 11:38:16 PM
aur yaar agar 97 % equity hai..ya marekt 100 point neechay hai, tu farz thori hai ke aap ke NAV bhi negative jai...depends what sciprts u  have loaded in ur portfolio...jese today my portfolio was 4 % up in a 100 point marekt....and it can, and is , oppostie as well..marekt 300 + aur mera portfoilo down hu raha hota hai..:D
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 13, 2012, 11:44:04 PM
aur yaar agar 97 % equity hai..ya marekt 100 point neechay hai, tu farz thori hai ke aap ke NAV bhi negative jai...depends what sciprts u  have loaded in ur portfolio...jese today my portfolio was 4 % up in a 100 point marekt....and it can, and is , oppostie as well..marekt 300 + aur mera portfoilo down hu raha hota hai..:D

EFOODS has already achieved to get higher market share in packaged milk market than NESTLE and other players. Their sales is increasing with phenomenal rate.  2012 , will mean they achieve EPS of  2 to 3 rupees and FOOD trades at P/E of 20 plus. Therefore, the current price is in anticipation of 2012 EPS. It is already quite easy to understand that the sales of EFOODS can even surpass ENGRO FERTILIZERS.  You can well imagine the potential.  With upcoming 8.7 BILLION CAPEX , they are going make the MILK BUSINESS for 300% capacity expansion in order their sales momentum is not retarded with the capacity constraint.  I am quite optimistic that EFOODS will achieve a price of 60 plus by December 2012


abb clear hoa hay,  THANX alot to both senior members.  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 14, 2012, 05:55:15 AM
app www.akdinvestment.com open karo,, reports pay click karo, then click on monthly market/fund monitor, scroll down to product monitor check AKDOF and GASF Feb report.
ajj GASF key value 10 paisa appreciate hoi hay correction mai bhiiii?
samaj nahey atii akhir EFOODS and TRG mai esa kia rakha hay kay yai in kay pechay paray howay hain???// :brickwall:

Bhai, achha share hai. Aap bhi lay lo thora sa.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 14, 2012, 06:31:30 PM
EFOODS 25 say 38 tak buy kea hay lakin abb hath laganay key himat nhey hoo rahey, is waja say guidance ka kaha tha, nechay ayai tho mazeed position loon, consolodate hoo raha hai abhi tak, koi proper direction nahey samaj aa rahey,  :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 14, 2012, 07:59:27 PM

Dear Brother KAMAL & POKAR FACE ,  It is 100% confirm that debt (long term) equity ratio was 31:69.  We have seen the presentation from CEO.

yes, and it is also available in the annual report
long term debt to equity is 43.7% which is equal to 31:69
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 14, 2012, 08:18:38 PM

Dear Brother KAMAL & POKAR FACE ,  It is 100% confirm that debt (long term) equity ratio was 31:69.  We have seen the presentation from CEO.

yes, and it is also available in the annual report
long term debt to equity is 43.7% which is equal to 31:69

so poker bhai u not planing to buy it ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 14, 2012, 08:33:23 PM
I am planning to buy it
but waiting for some correction
Because, entry will not be for short term. This is for long term holding.
It is better to patiently wait for bearish market to buy at good rates for better value.
I already missed NESTLE at 2200-2300 during recent run. You can read at NESTLE thread.

But I will never forgive myself for leaving EFOODS at 23-25  :brickwall:
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on March 14, 2012, 08:53:22 PM
I am planning to buy it
but waiting for some correction
Because, entry will not be for short term. This is for long term holding.
It is better to patiently wait for bearish market to buy at good rates for better value.
I already missed NESTLE at 2200-2300 during recent run. You can read at NESTLE thread.

But I will never forgive myself for leaving EFOODS at 23-25  :brickwall:

Yaar abb aisa bhee share nahee hai.. .Agar ismain ... Heeray Jawahirat nikal bhee gay hai tau Dum hai tau abhee lai lo ... Bargaya tau phir nahee peetna sir POKI dear ... i mean if ur so confident kai future green hai tau MTL ki buy sai behtar issay buy karlo ... i think Profit ismain ziyada milay ga .. :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on March 14, 2012, 09:04:58 PM
I am planning to buy it
but waiting for some correction
Because, entry will not be for short term. This is for long term holding.
It is better to patiently wait for bearish market to buy at good rates for better value.
I already missed NESTLE at 2200-2300 during recent run. You can read at NESTLE thread.

But I will never forgive myself for leaving EFOODS at 23-25  :brickwall:

POKI NESTLE ki buy kahan bantee hai .. ???

Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 14, 2012, 09:57:19 PM
I am planning to buy it
but waiting for some correction
Because, entry will not be for short term. This is for long term holding.
It is better to patiently wait for bearish market to buy at good rates for better value.
I already missed NESTLE at 2200-2300 during recent run. You can read at NESTLE thread.

But I will never forgive myself for leaving EFOODS at 23-25  :brickwall:

but where would u go for it budds, as i dont see it below 36 max baki God knows better , n jo chala gya usy bhol jaen... look forward and yes it's a superb growth story..
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on March 14, 2012, 10:08:29 PM
Me Swapped ENGRO to EFOODS  ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 14, 2012, 10:11:05 PM
Me Swapped ENGRO to EFOODS  ;)

goodluck AQ :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 14, 2012, 11:01:22 PM
I am planning to buy it
but waiting for some correction
Because, entry will not be for short term. This is for long term holding.
It is better to patiently wait for bearish market to buy at good rates for better value.
I already missed NESTLE at 2200-2300 during recent run. You can read at NESTLE thread.

But I will never forgive myself for leaving EFOODS at 23-25  :brickwall:

Yaar, it's okay. Everyone misses. I'm glad I spotted this thing early on, but have missed others, so it's all a give and take. I would suggest you start buying/accumulating now. I don't expect much of a correction. The rest is up to you.

By the way, slightly off topic, do you guys think NESTLE can come back down to 3200 level? If so, I think it's a great buy around there. What do you guys think?

Thanks.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on March 14, 2012, 11:59:02 PM
I am planning to buy it
but waiting for some correction
Because, entry will not be for short term. This is for long term holding.
It is better to patiently wait for bearish market to buy at good rates for better value.
I already missed NESTLE at 2200-2300 during recent run. You can read at NESTLE thread.

But I will never forgive myself for leaving EFOODS at 23-25  :brickwall:

but where would u go for it budds, as i dont see it below 36 max baki God knows better , n jo chala gya usy bhol jaen... look forward and yes it's a superb growth story..

kabhi kabhi acha share without reason bhi gir jata hai jaise NESTLE 2300 tak aa gaya tha and then series of upper locks.
considering to do pilot buy around 39-39.50
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 15, 2012, 02:25:06 AM
Standard Capital considers CY12 to be a year of all three Engro companies such as holding company Engro Corporation (ENGRO), Engro Foods (EFOODS; Standard Capital’s target price Rs 141/share envisaged in Aug, 2011 vide detailed report) and now Engro Polymer (EPCL).

According to Standard Capital likes Engro Corp. (ENGRO) because one of its major companies Engro Fertilizer (EFL; still unlisted) shall perform well in the wake of promised feedstock gas supplies from Qadirpur to its newly installed plant that has got the capacity of 1.0mn tons of urea. EFL’s old plant at Daharki is already receiving dedicated gas and hence carrying the flag for the company for quite long with an annual capacity of 0.99mn tons of urea supplies. The CY11 price hike in urea was ostensibly due to EFL’s inability to produce urea from the new plant in the absence of feedstock gas supplies from Qadirpur via SNGPL network. Standard Capital expects this issue of non?supplies shall resolve in CY12. Standard Capital does not see a lot of erosion in urea bag prices in CY12 despite the fact that farmers on the ground are now facing difficulties of lesser liquidity to buy this key agriculture input. Standard Capital also sees lessening incidence of financial charges this year since Standard Capital expects Pakistan’s interest rates are set to decrease wherein all long terms loans are on floaters; though, tapering of interest rates shall take place during CY12. Even if EFL’s new plant runs at 70% then EFL earnings could alone go as high as Rs 30/share; though it would depend upon supplies of gas from SNGPL. Moreover, EFL via Engro Eximp (EE) shall sell its inventory of imported DAP during 1QCY12.

EFOODS was Standard Capital’s key pick in CY11 wherein Standard Capital has assigned a DCF price of Rs 141/share much to the utter surprise of the market. However, Standard Capital’s assumption was based on the fact that even if EFOODS attains 50% margin of what NESTLE is attaining in milk segment then Standard Capital’s assumption would be prove to be right. Standard Capital sees EFOODS gaining foothold in ice creams, juices, flavoured milk apart from key flag brand OLPERS and other variants. Standard Capital expects EFOODS CY12 EPS could be Rs 4/share wherein as per Standard Capital’s old discussion with ENGRO management, EFOODS continue to be a value investment play.

EPCL shall also reap gains in CY12 since its accumulated loss shall decrease this year wherein Standard Capital sees EPCL shall make gains over local production of raw material VCM which is reportedly going smoothly. Standard Capital sees PVC supplies from EPCL is going good especially to export market of India (since company has attained benefit of duty protection) and also local supplies to Punjab is also going good due to its using in housing and other constructions. Remember, IFC is also major partner in EPCL. Hence viability of PVC project sounds credence.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 16, 2012, 09:59:25 PM
sold all my position on average of 42.30, Alhamd-ul-lillah.
now waiting to buy either at 36 or 46.     :lazy2:
shifted my position to soneri bank at 6.7.  :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on March 19, 2012, 12:42:41 PM
AKD Daily

EFOODS: Best exposure to the Pak consumer play

EFOODS is one of the few companies at the KSE offering investors organic growth and a direct exposure to the Pakistani consumer play, where consumption growth is expected to be fueled by stable population growth, rising urbanization, and improving literacy ratio which in general helps in the proliferation of branded products. We have revised our Target Price for EFOODS to PkR52/share and upgraded EFOODS to 'Buy' after accounting for i) higher sales growth and margin outlook, ii) exit from the loss making rice business (sale of EFOODS stake in Engro Foods Supply Chain to Eximp), iii) revision in peer multiples and  iv) rolling forward our target price onto end-Dec'12. EFOODS is a true growth story where we forecast earnings to grow at a 5-yr CAGR of 54%, the highest in the AKD Universe.     

Dairy segment literally the EFOODS cash cow: Dairy segment has set the foundation for EFOODS growth where in CY11, the segment's net sales were recorded at PkR27.3bn (+41%YoY), accounting for 91% of EFOODS topline while segment profits doubled (+104%YoY) to PkR1.4bn, with profitability growth driven by higher sales and improving margins. Going forward, we expect the Dairy segment to continue to grow where we expect the segment’s revenues to rise at a 5-yr CAGR of 31% and reach PkR106bn by 2016. The 'Ice cream' segment's loss during CY11 expanded by 6%YoY to PkR405mn as the segment is still in its growth stages (revenues up 61%YoY to PkR2.6bn) and will  take a couple of years, in our view, to come in the green. Operating conditions for Ice Cream manufacturers have generally been tough due to the high costs incurred in the supply chain network, mostly due to the high energy costs. By way of comparison, the margins of Ice cream segment are the lowest of all the ULEVER segments. Encouragingly though, the branded Ice Cream category continues to grow as even ULEVER's segment sales were up by 11%YoY in CY11 to PkR6.1bn.

What could go wrong? The key risk factors for EFOODS in our view would be i) sales growth, ii) margin slippage, particularly of the ice cream segment and iii) interest rates where financing of EFOODS* aggressive capex plan would be heavily tilted towards debt. Nestle could be a game changer for the dairy industry as it plans huge investment of ~US$400mn in Pakistan over the next 3 years. We have provided EPS impact based on a 1% change in the variable mentioned above where clearly, earnings are most sensitive to our margin assumptions. Key upside could come in the form of a JV with a foreign brand, particularly in the child nutrition segment, which should lead to significant margin improvement for EFOODS.

FMCG sector trades at significant premiums: Given the sector’s high inflation pass-through ability and exposure to the growing Pakistani consumer market, earnings of the listed FMCG sector (ex-EFOODS) has grown at a 5-yr CAGR of 23%. While the sector’s earnings growth has been impressive, the most significant factor is that earnings growth has been consistently positive reflecting the relative insularity of the sector to economic conditions. Similarly, FMCG sector has traded at premium multiples where the average P/E for the last five years has stood at 19.5x while the P/S multiple has averaged at 1.5x.

Valuation methodology: We have valued EFOODS using a blend of relative valuation (P/E and P/S) and discounted cash flows (DCF). For P/E and P/S, we have used the FMCG sector 5-yr average multiples for which we arrive at respective target prices of PkR37 (CY12F EPS of PkR1.92 and target P/E of 19.5x) and PkR83 (CY12 sales/sh. of PkR55 and target P/S of 1.5x), while our DCF target for EFOODS is PkR44. Our blended average TP for EFOODS is PkR52/share where we have applied 25% weight each to P/E and P/S and 50% weight to our DCF value.               .

Recommendation: Despite the apparent demanding multiples, we still remain Overweight on EFOODS given its superior growth profile. Accounting for growth, EFOODS is still very cheap on PEG basis compared to peers ULEVER and NESTLE, where we have arrived at our PEG ratios using the CY12 PE and 5-yr earnings CAGR as our denominator. EFOODS provides attractive upside of 25% to our Dec-end TP of PkR52. Buy!
Title: FCEPL -- formerly Engro Foods Limited
Post by: Big Broker on March 20, 2012, 12:37:47 PM

Title: FCEPL -- formerly Engro Foods Limited
Post by: khi1990 on March 21, 2012, 12:12:41 AM
iss main correction kab ay gee??? have been waiting for a while i am jus buying it for long term no plan to sell so for such an investment whats a reasonable rate?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 21, 2012, 12:44:06 AM
iss main correction kab ay gee??? have been waiting for a while i am jus buying it for long term no plan to sell so for such an investment whats a reasonable rate?

long term buys doesn't wait for corrections often.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 21, 2012, 12:46:41 AM
iss main correction kab ay gee??? have been waiting for a while i am jus buying it for long term no plan to sell so for such an investment whats a reasonable rate?


If u intend to buy for short term then wait for correction, chances less but might u get.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 21, 2012, 05:01:45 AM
iss main correction kab ay gee??? have been waiting for a while i am jus buying it for long term no plan to sell so for such an investment whats a reasonable rate?

Bhai, buy kar lo. Haath say nah nikal jaye. Since you have a long-term horizon, a few rupees here and there won't make much of a difference, plus this is a growth stock, once they go up, they usually never look back.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on March 21, 2012, 10:55:57 AM
iss main correction kab ay gee??? have been waiting for a while i am jus buying it for long term no plan to sell so for such an investment whats a reasonable rate?

I kept waiting for correction and the price shot up from 30 to 42 :) Finally I purchased at 41.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on March 21, 2012, 11:03:50 AM
Upper locked  :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Invisibleone on March 21, 2012, 11:11:01 AM
Is it  Shariah Compliant ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 21, 2012, 11:14:50 AM
today low rate 41.80
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 21, 2012, 11:23:02 AM
 :shoaby: :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: tosto220 on March 21, 2012, 11:31:04 AM
Is it  Shariah Compliant ?


NO
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 21, 2012, 11:31:38 AM
volume until now 2.7 million.    :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on March 21, 2012, 11:43:16 AM
 :shoaby:
Alhamdolillah EFOODS again started upward move.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on March 21, 2012, 03:38:18 PM
volume until now 2.7 million.    :skeptic:

Volume 41,47,289 shares is a very healthy sign.  :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 21, 2012, 03:48:06 PM
in my opinion its institutional selling.
same share was there at 23 rupees but no one was releasing any report. I bought from 25 till 36 and sold all at 42.3 week ago.
honestly this is the pure beauty of stock market '' difference of opinion''. a person in buying thinks it will go up and a person in selling thinks opposite.
GOOD LUCK .  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on March 21, 2012, 03:49:59 PM
I am planning to buy it
but waiting for some correction
Because, entry will not be for short term. This is for long term holding.
It is better to patiently wait for bearish market to buy at good rates for better value.
I already missed NESTLE at 2200-2300 during recent run. You can read at NESTLE thread.

But I will never forgive myself for leaving EFOODS at 23-25  :brickwall:

but where would u go for it budds, as i dont see it below 36 max baki God knows better , n jo chala gya usy bhol jaen... look forward and yes it's a superb growth story..

kabhi kabhi acha share without reason bhi gir jata hai jaise NESTLE 2300 tak aa gaya tha and then series of upper locks.
considering to do pilot buy around 39-39.50

Sir lagta hai keh aaj keh upward trend aur high volume keh bahd mushkil he hai keh ab yeh under 40 par milay aap ko. Waisay bhe market mein expectations 50 kee hain in short term... What is your comments about it after todays move ???
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on March 21, 2012, 03:55:50 PM
in my opinion its institutional selling.
same share was there at 23 rupees but no one was releasing any report. I bought from 25 till 36 and sold all at 42.3 week ago.
honestly this is the pure beauty of stock market '' difference of opinion''. a person in buying thinks it will go up and a person in selling thinks opposite.
GOOD LUCK .  :biggthumpup:

I guess Institutional selling will be around 50.
Title: FCEPL -- formerly Engro Foods Limited
Post by: khi1990 on March 21, 2012, 04:03:42 PM
thanks for ur invaluable inputs
 i am vary of april 1st cgt issue i feel it might be a downward trigger and thats the correct time to buy
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on March 24, 2012, 06:06:14 PM
pakistan will start trading in food items with india 
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on March 24, 2012, 11:00:38 PM
export or import?
I am 100% sure that none of us are going to use Indian dairy products at-least.  :biggthumpup: no problems for EFOODS solid market.
vegetables and spices are mostly imported from India, those are normally placed in food items categories.   :skeptic:
Please do correct me if I am wrong in my approach. Thanx  ::)
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on March 24, 2012, 11:31:52 PM
i think u r correct
may be dairy products will not import
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on March 25, 2012, 05:18:58 AM
end consumers may not buy from india, but i am quite sure bakeries and restaurants etc will not hesitate to buy cheaper ingredients. And I am quite sure a considerable percentage of the contents of local spice packets are from india. Having said that, I doubt there is good enough infrastructure for someone to import indian diary products at a price lower than domestic players like efoods, nestle etc
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on March 25, 2012, 01:32:13 PM
End consumer will buy anything if it has acceptable quality and price is lower. For majority of our population, its hard to make thier ends meet and therefore not right to assume that just because of indian name, they will not buy it.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 25, 2012, 02:29:23 PM
end consumers may not buy from india, but i am quite sure bakeries and restaurants etc will not hesitate to buy cheaper ingredients. And I am quite sure a considerable percentage of the contents of local spice packets are from india. Having said that, I doubt there is good enough infrastructure for someone to import indian diary products at a price lower than domestic players like efoods, nestle etc

End consumer will buy anything if it has acceptable quality and price is lower. For majority of our population, its hard to make thier ends meet and therefore not right to assume that just because of indian name, they will not buy it.

Pardon me guys , but a useless debate.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on March 25, 2012, 02:32:19 PM
end consumers may not buy from india, but i am quite sure bakeries and restaurants etc will not hesitate to buy cheaper ingredients. And I am quite sure a considerable percentage of the contents of local spice packets are from india. Having said that, I doubt there is good enough infrastructure for someone to import indian diary products at a price lower than domestic players like efoods, nestle etc

End consumer will buy anything if it has acceptable quality and price is lower. For majority of our population, its hard to make thier ends meet and therefore not right to assume that just because of indian name, they will not buy it.

Pardon me guys , but a useless debate.

Agreed.

I am Optimistic about Efoods.


Trend is Up
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 26, 2012, 03:47:27 AM
In either case, it's a good development for EFOODS. Another big export market opens up. But first they have to fulfill the demand at home.  :biggrin:

Afterwards, they can look to expand to China (Free-Trade Agreement with China is already there) and India. Growth! Growth! Growth!

Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 26, 2012, 10:50:24 AM
Mashallah.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Invisibleone on March 26, 2012, 11:12:08 AM
Masha Allah tou theek hai but yeh shariah compiant nahi  hai so iss main trading filhaal Jaaiz nahin :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 26, 2012, 11:15:07 AM
Masha Allah tou theek hai but yeh shariah compiant nahi  hai so iss main trading filhaal Jaaiz nahin :biggthumpup:

your view only.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Big Broker on March 26, 2012, 11:17:31 AM
Masha Allah tou theek hai but yeh shariah compiant nahi  hai so iss main trading filhaal Jaaiz nahin :biggthumpup:

App nay 100 rupee ka note dekha hai kabhee ? Us ke upper Quaid-e-azam ke Tasveer bane hove hai.

Tasveer bana asa hai aur Tasveerin bana bhe HARAM hai - Right ?

So mein app ko bhoot jald apna bank account number doon ga App apnay sare note jis per tasveree bane hove hain mujhey send kar dein. - sukria.

wase app ka bank account haram bank mein hai yeah HALAL bank mein ?  :dunno:
Title: FCEPL -- formerly Engro Foods Limited
Post by: JAWAD on March 26, 2012, 11:24:37 AM
at big broker ... kindly don't critic other believe ................!
Title: FCEPL -- formerly Engro Foods Limited
Post by: Big Broker on March 26, 2012, 12:04:31 PM
at big broker ... kindly don't critic other believe ................!

What you did is exactly what i did !! (critic my belive) i want answers and if you don't have them let me know i will someone else !

jo mein nay pocha hai who batayoo jo nehi pocha us per baat karne ke zarorat nehi hai jawab sb.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Novice on March 26, 2012, 01:59:55 PM
Masha Allah tou theek hai but yeh shariah compiant nahi  hai so iss main trading filhaal Jaaiz nahin :biggthumpup:

your view only.

How is it not shariah compliant ???
Title: FCEPL -- formerly Engro Foods Limited
Post by: Big Broker on March 26, 2012, 03:35:19 PM
Masha Allah tou theek hai but yeh shariah compiant nahi  hai so iss main trading filhaal Jaaiz nahin :biggthumpup:

your view only.

How is it not shariah compliant ???

becuase yeah company Sood Per kaam karti hai. Uder lete hain bankon say aur pher kama per sood wapis karte hai.

Title: FCEPL -- formerly Engro Foods Limited
Post by: Invisibleone on March 26, 2012, 04:05:37 PM
In fact individual se uss ke apnai  aemaal ke baare main poocha jaai ga ..trading marzee se kee jatee hai and it is our choice ke karain ya na karain....EFOODS excellent , growth oriented company hai ...BUT it is fact ke filhaal yeh Shariah Compliant nahi hai ...ho sakta hai future main include ho jaai .
Jo picture currency note pe hai ...woh aap ke ya merai bas main nahi hai.....so you are not answereable for that.
waise koshesh karain agar choice ho tou meezan bank main account open karain
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 26, 2012, 04:21:23 PM
In fact individual se uss ke apnai  aemaal ke baare main poocha jaai ga ..trading marzee se kee jatee hai and it is our choice ke karain ya na karain....EFOODS excellent , growth oriented company hai ...BUT it is fact ke filhaal yeh Shariah Compliant nahi hai ...ho sakta hai future main include ho jaai .
Jo picture currency note pe hai ...woh aap ke ya merai bas main nahi hai.....so you are not answereable for that.
waise koshesh karain agar choice ho tou meezan bank main account open karain

sub batian thik hain apki, but meezan bank konsi thik hey yar kia ho gya hey apko?

u need to know alot budds :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Big Broker on March 27, 2012, 03:16:41 PM
Efoods  ! Upper LOCK !   :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on March 27, 2012, 03:23:50 PM
end consumers may not buy from india, but i am quite sure bakeries and restaurants etc will not hesitate to buy cheaper ingredients. And I am quite sure a considerable percentage of the contents of local spice packets are from india. Having said that, I doubt there is good enough infrastructure for someone to import indian diary products at a price lower than domestic players like efoods, nestle etc

End consumer will buy anything if it has acceptable quality and price is lower. For majority of our population, its hard to make thier ends meet and therefore not right to assume that just because of indian name, they will not buy it.

Pardon me guys , but a useless debate.

Agreed.

I am Optimistic about Efoods.


Trend is Up
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on March 27, 2012, 11:27:10 PM
looking to cross 50?
on 50 may bi selling pressure will come
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 28, 2012, 04:53:01 AM
Efoods  ! Upper LOCK !   :biggthumpup:

Yaar, why are you happy? Wanted to add more to the position. Come on!  :biggrin: Aap thori der is ko neechay nahin rakh saktay thay?
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on March 28, 2012, 09:18:32 AM
Efoods  ! Upper LOCK !   :biggthumpup:

Yaar, why are you happy? Wanted to add more to the position. Come on!  :biggrin: Aap thori der is ko neechay nahin rakh saktay thay?

My sentiments too, missed the boat on this one, only have a small quantity, was hoping it would dip sub-40 but that does not look like happening :/

Anyhow, congrats tho those who got in early and stayed with it  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Big Broker on March 28, 2012, 10:24:36 AM
Upper LOCK !  :goodc:
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on March 28, 2012, 10:29:46 AM
friends kis point pe efoods off load karna chahe? :banana: :banana: :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on March 28, 2012, 03:56:14 PM
Enjoying EFOODS

Really awesome scrip
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 29, 2012, 05:12:46 AM
Did someone say UPPER LOCK!?!?  :shoaby: :banana:
Only bad thing is, can't add more at a lower price now.

friends kis point pe efoods off load karna chahe? :banana: :banana: :banana:

Kabhi bhi nahin. Stick with it. It'll reward you.
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on March 29, 2012, 10:25:29 AM
efood sinking :ohmy: :ohmy:
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on March 30, 2012, 10:31:24 PM
Pl. advice any one. Ab Kia Karain. Always relise profit when available. :brickwall: :brickwall: :brickwall: :shock: :shock: :shock:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on March 30, 2012, 10:35:11 PM
Pl. advice any one. Ab Kia Karain. Always relise profit when available. :brickwall: :brickwall: :brickwall: :shock: :shock: :shock:

Hold Recommended... Although it can take further dip of 2-3 rupee but eventually it has to rise.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on March 30, 2012, 10:52:44 PM
Pl. advice any one. Ab Kia Karain. Always relise profit when available. :brickwall: :brickwall: :brickwall: :shock: :shock: :shock:

avoid panic
it will give u handsome gains, year end 60-65+ target. :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on March 31, 2012, 06:54:43 AM
Pl. advice any one. Ab Kia Karain. Always relise profit when available. :brickwall: :brickwall: :brickwall: :shock: :shock: :shock:

Average down. Buy more as it goes down. It's a great share.
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on March 31, 2012, 10:08:32 AM
OK I will agree to hold it. One tip from my side JDWS its the only listed sugar mill which is still running its crushing season. Make a abnormal profits. target price is about Rs.115 to Rs. 125. I have 2000 shares of it. Baqi Allah Malik Ha. :rtfm: :rtfm: :rtfm:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on March 31, 2012, 11:17:40 AM
Its a good tip; JDWS has always been a strong share in its respective sector  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: JAWAD on April 01, 2012, 08:01:05 AM
what would be the impact on efoods earning and its price of hike in interest rate ...
Title: FCEPL -- formerly Engro Foods Limited
Post by: sallu05 on April 01, 2012, 10:55:44 AM
i am looking for entry in EFOODS, kindly share ur experience what should be the target price for entering in this stock..??? thanks :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 01, 2012, 12:30:51 PM
what would be the impact on efoods earning and its price of hike in interest rate ...
high interest rate will increase finance cost, very nominal in case of efoods.
Does anyone know if efoods consume natural gas for milk processing or not?
Bcz that can squeeze margins.
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 01, 2012, 02:36:48 PM
I want to buy efoods can anybody suggest should i wait for further correction or this is the right price
Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on April 01, 2012, 03:05:41 PM
buy at 46
Title: FCEPL -- formerly Engro Foods Limited
Post by: Ali135 on April 01, 2012, 04:19:34 PM
POKER BHAI plz suggest the price to buy efoods.  :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: blue bird on April 01, 2012, 04:46:52 PM
POKER BHAI plz suggest the price to buy efoods.  :skeptic:



EFOODS is a much better share to have in portfolio
but waiting if I could find a better bargain below 40 rupees in case of mandi  :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 01, 2012, 08:41:44 PM
Those looking for a long term investment should start accumulating. The dip might not come.

Not sure about the use of gas.
Title: FCEPL -- formerly Engro Foods Limited
Post by: aalam on April 01, 2012, 08:57:54 PM
iss ka haal bee SPL jaisa na ho? SPL b apnay good group name ki waja say 23 say 84 par gia....lakin phir DOOOOOM :bangin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 01, 2012, 09:37:49 PM
thats why use fundamental analysis and sell on worsened fundamentals whether in loss or profit
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 02, 2012, 01:53:18 AM
iss ka haal bee SPL jaisa na ho? SPL b apnay good group name ki waja say 23 say 84 par gia....lakin phir DOOOOOM :bangin:


Look at the company it self man no comparison
Title: FCEPL -- formerly Engro Foods Limited
Post by: londoner on April 02, 2012, 02:47:06 PM
wana buy efood

any suggestions for rates

thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 02, 2012, 02:50:02 PM
it wont come down to previous levels
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 02, 2012, 02:58:39 PM
wana buy efood

any suggestions for rates

thanks

under 43  will be a good buy.  Buy 20 %  of your shares under 43 and remaining when it comes down.
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 02, 2012, 05:37:57 PM
I think efoods is running with engro trend. In engro bonus has been credited in the respective accounts, which are now available for sale. Once this pressure will over then both Engro and Efood will start journy upword. One simple thing why player buy the bonus shares at High Price, week holders sell there holding here. Then you might see the good rally.  :s1: :s1: :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 02, 2012, 06:01:58 PM
I think efoods is running with engro trend. In engro bonus has been credited in the respective accounts, which are now available for sale. Once this pressure will over then both Engro and Efood will start journy upword. One simple thing why player buy the bonus shares at High Price, week holders sell there holding here. Then you might see the good rally.  :s1: :s1: :s1:
Pewasta rah shajar say umaid i bahar rakh
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on April 02, 2012, 08:36:19 PM
Efoods is a perfect Buy for Investment perspective. Previously me swapped it with ENGRO. Today sold some of it and swapped with other scrip in Cements.Hope to keep on performing






Title: FCEPL -- formerly Engro Foods Limited
Post by: younas waheed on April 02, 2012, 11:10:49 PM
i think today was the last day 4 efoods in red zone .now going to green
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 03, 2012, 08:34:39 AM
yes, I agree with you. Again the sale pressure of engro bonus may disturb it. :smilestar: :smilestar: :smilestar:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 03, 2012, 09:18:17 AM
yes, I agree with you. Again the sale pressure of engro bonus may disturb it. :smilestar: :smilestar: :smilestar:

has nothing to do with engro bonus budds
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 03, 2012, 10:22:55 AM
yes, I agree with you. Again the sale pressure of engro bonus may disturb it. :smilestar: :smilestar: :smilestar:

EFOODS enjoyed a ride from 20 to 51, there is BOUND to be consolidation and it bodes well for the future of the stock (unlike JSBitches this one is not getting lower locked on a daily basis), do you expect it to keep going up without any dips?

Also kindly note as stockz_123 mentions, ENGRO bonus stock and absolutely nothing to do with EFOODS price dip
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 03, 2012, 01:23:28 PM
ANY EXPERT OPINION ON EFOODS, KIA 40 HO GA YA WAPASI, ENGRO IS KO BHEE MARWA RAHA HAY , GAS KI KHABAR TO A GAY KIA WOH UR GAYE HAWA MAIN
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 03, 2012, 03:40:42 PM
Trend changed  :thumbsdown_anim:

Todays 2.974 Million shares towards downward direction means it has changed the trend. :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 03, 2012, 05:27:38 PM
Efoods bus karo Kia ab jan loo ga.

However, experts have the unanimus opinion that It shall go to atleast Rs.90/. I am not lying one very expert person, a very very cool player says this. Butt Ajj to iss na marwa hi diya. Nearly all shares bounse back except this one.  :brickwall: :mad: :shock:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Irfankhan on April 03, 2012, 07:00:49 PM
Efoods bus karo Kia ab jan loo ga.

However, experts have the unanimus opinion that It shall go to atleast Rs.90/. I am not lying one very expert person, a very very cool player says this. Butt Ajj to iss na marwa hi diya. Nearly all shares bounse back except this one.  :brickwall: :mad: :shock:
Experts knows better but this is true that this is good share. i bought it at 23.50 and then double it at 41 and i was to buy big there but it went above 50 so this reduction in price is becz this is long term earning share. not for the short time traders. just my opinion.
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 03, 2012, 08:02:17 PM
Trend changed  :thumbsdown_anim:

Todays 29.74 Million shares towards downward direction means it has changed the trend. :skeptic:

I don't own EFOODS but will buy when I feel correction has ended.

As for number of EFOODS shares traded today, you have it wrong, 2,974,519 traded not 29.74m
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 03, 2012, 09:49:38 PM
EFOODS 25 say 38 tak buy kea hay lakin abb hath laganay key himat nhey hoo rahey, is waja say guidance ka kaha tha, nechay ayai tho mazeed position loon, consolodate hoo raha hai abhi tak, koi proper direction nahey samaj aa rahey,  :skeptic:


sold all my position on average of 42.30, Alhamd-ul-lillah.
now waiting to buy either at 36 or 46.     :lazy2:
shifted my position to soneri bank at 6.7.  :skeptic:

Fluctuation is a part of market, if u r buying for long term then forget market fluctuations. u invested and now wait for  your target price.
it is good if it is coming down u can buy more at lower price.
I have no holding in EFOODS and I didn't bought it at 46 because I squaring off my position from SNBL and buying SCBPL but no doubt I am sure that EFOODS have bright future.  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Munda_Lahori on April 04, 2012, 12:23:29 AM
Don't like this stock, the company has too much debt. I looked it up, too much debt results in this stock not being on the list of Meezan Shariah compliant stocks.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 04, 2012, 11:48:34 AM
MUBARAK hoo on tamam bhaion koo joo EFOODS kay nechay anay key waja say paraishan thay.  :clap1:  :biggthumpup:  :thumbsup_anim:
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 04, 2012, 12:24:56 PM
Thanks,

But now I shall  try to relise the profit around Rs. 50. :shoaby: :shoaby: :shoaby:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 04, 2012, 02:24:19 PM
Thanks,

But now I shall  try to relise the profit around Rs. 50. :shoaby: :shoaby: :shoaby:
SWAPING OF ENGRO WITH EFOODS GAVE DIVIDENDS IN ONLY ONE DAY, DID ANY OTHER SWAPPED???????
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 04, 2012, 02:28:03 PM
Thanks,

But now I shall  try to relise the profit around Rs. 50. :shoaby: :shoaby: :shoaby:
SWAPING OF ENGRO WITH EFOODS GAVE DIVIDENDS IN ONLY ONE DAY, DID ANY OTHER SWAPPED???????

congrats budds.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 04, 2012, 03:27:21 PM
@ Abid Ali
congrats
waise mujhe lag raha tha aaj upper lock ho jaye ga

@stockz_123

Ab mujhe kya karna chahiye?
what is your take?  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 04, 2012, 03:32:13 PM
it wont come down to previous levels

 :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 04, 2012, 03:37:37 PM
@ Abid Ali
congrats
waise mujhe lag raha tha aaj upper lock ho jaye ga

@stockz_123

Ab mujhe kya karna chahiye?
what is your take?  :biggrin:

@ poker
chk pm.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 04, 2012, 04:07:48 PM
@ Abid Ali
congrats
waise mujhe lag raha tha aaj upper lock ho jaye ga

@stockz_123

Ab mujhe kya karna chahiye?
what is your take?  :biggrin:

@ poker
chk pm.
POKAR BHAI  yesterday they snatched EFOODS, The engro ka pressure is ko neechy lay gia. Both have different fundamentals, one day not far away it will boost Engro Corporation to new highs
Title: FCEPL -- formerly Engro Foods Limited
Post by: khi1990 on April 04, 2012, 09:01:01 PM
With my extremely limited knowledge .i think its overvalued and the correct price to enter shall be below rs 40.as food shares usually trade around 18-20 p/e .this is for the mnc with high dividend yield and 15-20% growth
i have been waiting for it to come under 40 to enter.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 04, 2012, 09:07:30 PM
investors are buying this share only for long term investment and with super expectations. reason is EFOODS have very similar business portfolio to NESTLE. Dividend yield in current time is not an issue for investors but after 5 years this share may be good alternate of NESTLE and offering high returns to holders ( I am not an expert but tried to share my limited knowledge and experience with you.)  :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Koolfire on April 04, 2012, 09:09:30 PM
With my extremely limited knowledge .i think its overvalued and the correct price to enter shall be below rs 40.as food shares usually trade around 18-20 p/e .this is for the mnc with high dividend yield and 15-20% growth
i have been waiting for it to come under 40 to enter.

the current price of efoods is due future growth in the company
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 04, 2012, 09:15:27 PM
compared to NESTLE, it is extremely discounted
NESTLE with Profit of Rs. 4.6 billion has a market cap of Rs. 200 billion while EFOODS with initial profit of Rs. 890 million has a market cap of only Rs. 35.2 billion

With very competitive products and more diversified ones as compared to NESTLE, it can also earn profit in range of Rs. 4 to 5 billion in 2-3 year time and market price can easily cross Rs. 150/-.

25 pe tha  :brickwall:  :brickwall:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 04, 2012, 09:19:56 PM
150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 04, 2012, 09:24:14 PM
150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:

250 bhi koi ajeeb baat nahi hogi in 5 years
because if NESTLE is now at 200 billion then after 5 years woh kuch to grow karega na
and if EFOODS can touch where NESTLE is standing today in 5 years, then

Rs. 250/- per share in 2017
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 04, 2012, 09:29:11 PM
but even if touches 250 in 5 years, it translates in CAGR of 40%  :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 04, 2012, 09:30:35 PM
All the best and GOOD LUCK prayers for EFOODS holders.  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 04, 2012, 09:37:56 PM
150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:

250 bhi koi ajeeb baat nahi hogi in 5 years
because if NESTLE is now at 200 billion then after 5 years woh kuch to grow karega na
and if EFOODS can touch where NESTLE is standing today in 5 years, then

Rs. 250/- per share in 2017

"Kon jeeta hai tere zulf keh sar honay tak"  2017 kis ne dekha hai bhai ...
Analysts are viewing Dec. 2012 target price 65-70
woh bhe agar ice-cream aur Juices ne waat na laga de tab. Omore has to do more to achieve this target. Efoods icecream business is not performing as per expectations and occuring heavy losses. Hope for the best  :thumbsup_anim:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 04, 2012, 09:58:38 PM
150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:

250 bhi koi ajeeb baat nahi hogi in 5 years
because if NESTLE is now at 200 billion then after 5 years woh kuch to grow karega na
and if EFOODS can touch where NESTLE is standing today in 5 years, then

Rs. 250/- per share in 2017

150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:

250 bhi koi ajeeb baat nahi hogi in 5 years
because if NESTLE is now at 200 billion then after 5 years woh kuch to grow karega na
and if EFOODS can touch where NESTLE is standing today in 5 years, then

Rs. 250/- per share in 2017

"Kon jeeta hai tere zulf keh sar honay tak"  2017 kis ne dekha hai bhai ...
Analysts are viewing Dec. 2012 target price 65-70
woh bhe agar ice-cream aur Juices ne waat na laga de tab. Omore has to do more to achieve this target. Efoods icecream business is not performing as per expectations and occuring heavy losses. Hope for the best  :thumbsup_anim:

(@ mamraiz bro *specially)
 
ANGOOR KHATTY hen :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on April 04, 2012, 10:55:55 PM
150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:

250 bhi koi ajeeb baat nahi hogi in 5 years
because if NESTLE is now at 200 billion then after 5 years woh kuch to grow karega na
and if EFOODS can touch where NESTLE is standing today in 5 years, then

Rs. 250/- per share in 2017

Wow ...POKI...aur Rate of inflation kai hisab sai 250 ki value 2017 main Pak main kia hogee ...250 main shayad 2 NESTLE milpack .. May be 1.5 ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on April 04, 2012, 10:58:40 PM
150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:

Yaar bura nahee manna ... Allah ka Shukar ada karo ... Jo mila ..unsay tau behtar hau na .. Jau Apni Equity Rozana Upper Nechay jatay huay dekhtay hain aur uspai khush hotay hain "Kai agar ajj main apna sara maal bech daita tau itna profit hota." :biggthumpup:

Must confess that Allah Sab kau greed sai bachay ..SAB ko... Inshallah. ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 04, 2012, 11:02:18 PM
150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:

250 bhi koi ajeeb baat nahi hogi in 5 years
because if NESTLE is now at 200 billion then after 5 years woh kuch to grow karega na
and if EFOODS can touch where NESTLE is standing today in 5 years, then

Rs. 250/- per share in 2017

Wow ...POKI...aur Rate of inflation kai hisab sai 250 ki value 2017 main Pak main kia hogee ...250 main shayad 2 NESTLE milpack .. May be 1.5 ;)

kamal bhai agr bura na manaaye to pl elaborate ker dainn thora? 2017tak 250 ka rate py inflation ki bhut buri hit hogy yh smj a gaya but kindly elaborate bit?
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on April 04, 2012, 11:09:13 PM
150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:

250 bhi koi ajeeb baat nahi hogi in 5 years
because if NESTLE is now at 200 billion then after 5 years woh kuch to grow karega na
and if EFOODS can touch where NESTLE is standing today in 5 years, then

Rs. 250/- per share in 2017

Wow ...POKI...aur Rate of inflation kai hisab sai 250 ki value 2017 main Pak main kia hogee ...250 main shayad 2 NESTLE milpack .. May be 1.5 ;)

kamal bhai agr bura na namaaye to pl elaborate ker den thora? 2017tak 250 ka rate pe inflation ki bhut buri hit hogy yeh smj agaya but kindly elaborate bit?

I mean 2017 main agar 250 per share hoga ..tau un dino main 250 Rs. ki value kia hogee bhaee ..may be its purchasing power value would be divisible by 1.5 or 1.75....
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 05, 2012, 04:32:55 AM
150/share keh kay mera dil naa jalain.   :crying_anim02: :crying_anim02: :crying_anim02:
I sold 27.5 K all at 42.3.  average buying rate of 33.7.   :brickwall: :brickwall:

250 bhi koi ajeeb baat nahi hogi in 5 years
because if NESTLE is now at 200 billion then after 5 years woh kuch to grow karega na
and if EFOODS can touch where NESTLE is standing today in 5 years, then

Rs. 250/- per share in 2017

Wow ...POKI...aur Rate of inflation kai hisab sai 250 ki value 2017 main Pak main kia hogee ...250 main shayad 2 NESTLE milpack .. May be 1.5 ;)

kamal bhai agr bura na namaaye to pl elaborate ker den thora? 2017tak 250 ka rate pe inflation ki bhut buri hit hogy yeh smj agaya but kindly elaborate bit?

I think he's saying Rs 250 in current rupees terms. If there's so much inflation, then profit will obviously govup as well.

I mean 2017 main agar 250 per share hoga ..tau un dino main 250 Rs. ki value kia hogee bhaee ..may be its purchasing power value would be divisible by 1.5 or 1.75....
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on April 05, 2012, 12:35:00 PM
 bhalay bhalay shabash E FOODS.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 05, 2012, 12:52:41 PM
 :crying_anim02: :crying_anim02: :crying_anim02:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 05, 2012, 12:56:33 PM
:crying_anim02: :crying_anim02: :crying_anim02:

what happend budds? :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 05, 2012, 01:04:13 PM
:crying_anim02: :crying_anim02: :crying_anim02:

what happend budds? :s1:
PROFIT TAKING AND ENGRO KA PRESSURE, BUT NO NEED TO WORRY, IT IS ALREADY UNDER VALUE
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 05, 2012, 01:28:25 PM
IT WILL NOT LET YOU DOWN EASILY
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 05, 2012, 01:32:56 PM
:crying_anim02: :crying_anim02: :crying_anim02:

what happend budds? :s1:
PROFIT TAKING AND ENGRO KA PRESSURE, BUT NO NEED TO WORRY, IT IS ALREADY UNDER VALUE

Brother mein pehlay wala sara maal 46 par sell kar dia aur aaj 48 kee average se dobara 18,000 uthaa lia.. jab yeh reverse hua to meray totay urnay he thay  :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 05, 2012, 01:37:31 PM
:crying_anim02: :crying_anim02: :crying_anim02:

what happend budds? :s1:
PROFIT TAKING AND ENGRO KA PRESSURE, BUT NO NEED TO WORRY, IT IS ALREADY UNDER VALUE

Brother mein pehlay wala sara maal 46 par sell kar dia aur aaj 48 kee average se dobara 18,000 uthaa lia.. jab yeh reverse hua to meray totay urnay he thay  :tongue:
YOU WILL BE WINNER IN LONG RUN, INSHAALLAH
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 05, 2012, 01:39:34 PM
:crying_anim02: :crying_anim02: :crying_anim02:

what happend budds? :s1:
PROFIT TAKING AND ENGRO KA PRESSURE, BUT NO NEED TO WORRY, IT IS ALREADY UNDER VALUE

Brother mein pehlay wala sara maal 46 par sell kar dia aur aaj 48 kee average se dobara 18,000 uthaa lia.. jab yeh reverse hua to meray totay urnay he thay  :tongue:
YOU WILL BE WINNER IN LONG RUN, INSHAALLAH

Insha ALLAH
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on April 05, 2012, 03:18:27 PM
sold  at 48.89. should buy back or wait ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 05, 2012, 03:21:51 PM
Lagta hai sara maal aaj he sell kar keh jayein gay log  :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 05, 2012, 03:40:33 PM
zoom :thumbsup_anim: bom  >:( movment in efoods
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 06, 2012, 12:58:16 PM
Sustainable Long Term Growth Prospects
Engro Foods (EFOODS) presents considerable long term growth prospects based
on 1) rapid expansion into non cyclical high growth markets 2) triumphant
penetration and market growth in key segments of operation and 3) successful
establishment of high value brands. We project earnings to grow at a CAGR of
49% and revenue growth at a CAGR of 21% for the next five years, making
EFOODS one of the best consumer plays in the Pakistani market.

Massive Untapped Potential
The company’s advantage stems from its dominant position in high growth non
cyclical UHT milk market, which has shown double digit growth in last five years
and still represents a minute 4% portion of total tradable milk in Pakistan,
presenting massive untapped potential going forward. EFOODS has successfully
tapped a diverse range of income groups with its innovative product offerings and
marketing, creating unmatched brand equity for its entire dairy portfolio.

Aggressive Expansion to Fuel Growth
EFOODS has ambitious expansion plans for the coming years, with the company
having already announced a PKR8.7bn capex for CY12. We believe aggressive
spending to build capacity and expanding distribution network will continue going
forward, leading to EFOODS becoming a hundred billion turnover company by
CY18.

Attractive Valuations
Our multiple valuation approaches of Discounted Cash Flows and comparison of
relative multiples with local and regional FMCG players lead to our Dec12 Target
Price of PKR57/sh for the company, presenting a 19% upside from current levels.
Please refer to our detailed report on EFOODS to be released shortly.

Financials
PKR mn CY11A CY12E FY13E FY14E FY15E
Revenues 29,859 37,901 46,183 55,880 66,168
Gross Profit 6,629 8,779 11,097 14,235 17,522
Operating Profit 2,412 3,366 4,578 6,772 9,023
PBT 1,363 2,094 2,445 4,484 6,695
PAT 891 1,361 1,589 2,915 4,351
EPS 1.19 1.81 2.11 3.88 5.79
Gross Margins 22% 23% 24% 25% 26%
Revenue Growth 43% 27% 22% 21% 18%
Source: BMA Research
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 07, 2012, 02:52:52 PM
Dear members,  Salam

I want to some advise from you. I owned a 10 Marla House, worth Rs.8 to 9 million.
I want to convert this house into Efoods may be for 4 to 5 years period.

Is it wise act? Can I take a big house from this move?. What is the dividend expectations after 4 to 5 years.

Please guide me,  regards,
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 07, 2012, 03:30:39 PM
better to use spare cash to invest in stock exchange. never ever buy any share at a price of ur roof please.
in 2007-08 people lost all their money in stock exchange (KSE). It would be good if u invest about 1 million rupees maximum in EFOODS. NOT SURE THAT U MIGHT BE ABLE TO BUY A BIG HOUSE BUT SURELY U WILL SLEEP GOOD AND HOPEFULLY U WILL BUY A LUXURIOUS CAR AND get ur investment multipled better then national savings.
ALL WHAT I SAID IS BASED ON MY PAST EXPERIENCE I AM NOT ENCOURAGING OR DISCOURAGING U.
U will find not even a single person (not even Arif Habib or AKD) in KSE who can perfectly predict for u.
GOOD LUCK
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 07, 2012, 04:07:01 PM
Dear members,  Salam

I want to some advise from you. I owned a 10 Marla House, worth Rs.8 to 9 million.
I want to convert this house into Efoods may be for 4 to 5 years period.

Is it wise act? Can I take a big house from this move?. What is the dividend expectations after 4 to 5 years.

Please guide me,  regards,

Not recommended.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 07, 2012, 04:14:48 PM
Dear members,  Salam

I want to some advise from you. I owned a 10 Marla House, worth Rs.8 to 9 million.
I want to convert this house into Efoods may be for 4 to 5 years period.

Is it wise act? Can I take a big house from this move?. What is the dividend expectations after 4 to 5 years.

Please guide me,  regards,

Is that house other than your needs?
What are the future prospects of locality? Where do you see the plot price after 5 years?

As per my estimates, providing the robust growth of the stock remains intact, EFOODS may be a Rs. 200 billion company by 2017 and can touch Rs. 250/- mark.
It means investing Rs. 8.5 million can possibly change into Rs. 42.5 million

Company has no plans to give dividend for first 5 years.
Eps 13-14 by 2017

Company's debt is under control. I am not foreseeing any apparent risk to the nature of business of the company. It means chances of loss with holding period of 5 years are very limited.
Title: FCEPL -- formerly Engro Foods Limited
Post by: hirani on April 07, 2012, 04:21:38 PM
Dear Poker:

Do you think to invest in Efoods or better to invest in Parent company, do you to diversification..... though it can not grow like Efoods but risk cover? Pls comment
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 07, 2012, 04:23:45 PM
Dear Poker:

Do you think to invest in Efoods or better to invest in Parent company, do you to diversification..... though it can not grow like Efoods but risk cover? Pls comment
It is better to invest in EFOODS if someone is investing for five years.
EFOODS have more prospects than ENGRO
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 07, 2012, 04:28:42 PM
thnaks to all members. :thanks: :thanks: :thanks:
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on April 07, 2012, 05:47:33 PM
Dear members,  Salam

I want to some advise from you. I owned a 10 Marla House, worth Rs.8 to 9 million.
I want to convert this house into Efoods may be for 4 to 5 years period.

Is it wise act? Can I take a big house from this move?. What is the dividend expectations after 4 to 5 years.

Please guide me,  regards,

As a general rule, you should NEVER put all your eggs in one basket. You should not have all your savings invested in stock exchange. And whatever amount that you invest in stocks, you should make a diversified portfolio. This will reduce your profits but at the same time will provide risk coverage also.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 07, 2012, 06:00:45 PM
Dear members,  Salam

I want to some advise from you. I owned a 10 Marla House, worth Rs.8 to 9 million.
I want to convert this house into Efoods may be for 4 to 5 years period.

Is it wise act? Can I take a big house from this move?. What is the dividend expectations after 4 to 5 years.

Please guide me,  regards,

Is that house other than your needs?
What are the future prospects of locality? Where do you see the plot price after 5 years?

As per my estimates, providing the robust growth of the stock remains intact, EFOODS may be a Rs. 200 billion company by 2017 and can touch Rs. 250/- mark.
It means investing Rs. 8.5 million can possibly change into Rs. 42.5 million

Company has no plans to give dividend for first 5 years.
Eps 13-14 by 2017

Company's debt is under control. I am not foreseeing any apparent risk to the nature of business of the company. It means chances of loss with holding period of 5 years are very limited.

@Poker

i know it may take time to pay dividends BUT how can u say that??? "Company has no plans to give dividend for first 5 years."
Title: FCEPL -- formerly Engro Foods Limited
Post by: Invisibleone on April 07, 2012, 06:04:59 PM
@perfect

Well, if you own  couple of houses , yes u can go for EFOODS by selling one of them  BUT if this is the only house you have ....NEVER ever put all your eggs in single basket...truely wrote by Akif and Farzooq....NOT Recommended....Diversify rather than going for a single stake...means ...invest in stocks, property etc.... I think you have become emotional ...and one should be refrain from being emotional...basic rule for trading and investment...
please. ...ALSO......EFOOD is not shariah compliant so far and trading in it is not Halal..  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on April 07, 2012, 10:34:27 PM
Dear members,  Salam

I want to some advise from you. I owned a 10 Marla House, worth Rs.8 to 9 million.
I want to convert this house into Efoods may be for 4 to 5 years period.

Is it wise act? Can I take a big house from this move?. What is the dividend expectations after 4 to 5 years.

Please guide me,  regards,

Is that house other than your needs?
What are the future prospects of locality? Where do you see the plot price after 5 years?

As per my estimates, providing the robust growth of the stock remains intact, EFOODS may be a Rs. 200 billion company by 2017 and can touch Rs. 250/- mark.
It means investing Rs. 8.5 million can possibly change into Rs. 42.5 million

Company has no plans to give dividend for first 5 years.
Eps 13-14 by 2017

Company's debt is under control. I am not foreseeing any apparent risk to the nature of business of the company. It means chances of loss with holding period of 5 years are very limited.

@Poker

i know it may take time to pay dividends BUT how can u say that??? "Company has no plans to give dividend for first 5 years."

Its mentioned in Offer for Sale doc ... andreason hai current and future debt agreements with Banks .. :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: naveed on April 07, 2012, 10:51:19 PM
yaar kamal bhaii
Byco k thread men i have asked a question. Plz us ka bhi jawab day den
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 07, 2012, 11:44:23 PM
Dear members,  Salam

I want to some advise from you. I owned a 10 Marla House, worth Rs.8 to 9 million.
I want to convert this house into Efoods may be for 4 to 5 years period.

Is it wise act? Can I take a big house from this move?. What is the dividend expectations after 4 to 5 years.

Please guide me,  regards,

Is that house other than your needs?
What are the future prospects of locality? Where do you see the plot price after 5 years?

As per my estimates, providing the robust growth of the stock remains intact, EFOODS may be a Rs. 200 billion company by 2017 and can touch Rs. 250/- mark.
It means investing Rs. 8.5 million can possibly change into Rs. 42.5 million

Company has no plans to give dividend for first 5 years.
Eps 13-14 by 2017

Company's debt is under control. I am not foreseeing any apparent risk to the nature of business of the company. It means chances of loss with holding period of 5 years are very limited.

@Poker

i know it may take time to pay dividends BUT how can u say that??? "Company has no plans to give dividend for first 5 years."

Its mentioned in Offer for Sale doc ... andreason hai current and future debt agreements with Banks .. :console:

ok thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 08, 2012, 05:50:42 AM
@perfect

Well, if you own  couple of houses , yes u can go for EFOODS by selling one of them  BUT if this is the only house you have ....NEVER ever put all your eggs in single basket...truely wrote by Akif and Farzooq....NOT Recommended....Diversify rather than going for a single stake...means ...invest in stocks, property etc.... I think you have become emotional ...and one should be refrain from being emotional...basic rule for trading and investment...
please. ...ALSO......EFOOD is not shariah compliant so far and trading in it is not Halal..  :biggthumpup:

Please let people decide for themselves on what to invest in. No one has asked for a preaching lesson here.  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 08, 2012, 09:05:16 AM
@perfect

Well, if you own  couple of houses , yes u can go for EFOODS by selling one of them  BUT if this is the only house you have ....NEVER ever put all your eggs in single basket...truely wrote by Akif and Farzooq....NOT Recommended....Diversify rather than going for a single stake...means ...invest in stocks, property etc.... I think you have become emotional ...and one should be refrain from being emotional...basic rule for trading and investment...
please. ...ALSO......EFOOD is not shariah compliant so far and trading in it is not Halal..  :biggthumpup:

@Invisibleone, you do know Pakistan government does borrowing on interest and then uses that money to make roads/infrastructure etc, do you use any government facilities? i.e airports railway stations ROADs, do you use sui gas at home electricity etc ? all those utilities are debt ridden too, no ? THEY ARE NOT HALAL as per your thought, you should move out of Pakistan otherwise you are living in HARAM 24/7/365 right ?

-PEACE
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 08, 2012, 09:08:24 AM
@perfect

Well, if you own  couple of houses , yes u can go for EFOODS by selling one of them  BUT if this is the only house you have ....NEVER ever put all your eggs in single basket...truely wrote by Akif and Farzooq....NOT Recommended....Diversify rather than going for a single stake...means ...invest in stocks, property etc.... I think you have become emotional ...and one should be refrain from being emotional...basic rule for trading and investment...
please. ...ALSO......EFOOD is not shariah compliant so far and trading in it is not Halal..  :biggthumpup:

Please let people decide for themselves on what to invest in. No one has asked for a preaching lesson here.  :biggthumpup:

Very well pointed out my friend, thanks for being the voice of reason, I know most people (self included) just ignore such instructions from the mullah brigade but its good to raise our voice once in a while

-PEACE
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 08, 2012, 09:53:23 AM
@perfect

Well, if you own  couple of houses , yes u can go for EFOODS by selling one of them  BUT if this is the only house you have ....NEVER ever put all your eggs in single basket...truely wrote by Akif and Farzooq....NOT Recommended....Diversify rather than going for a single stake...means ...invest in stocks, property etc.... I think you have become emotional ...and one should be refrain from being emotional...basic rule for trading and investment...
please. ...ALSO......EFOOD is not shariah compliant so far and trading in it is not Halal..  :biggthumpup:

Please let people decide for themselves on what to invest in. No one has asked for a preaching lesson here.  :biggthumpup:
brother MOMO with all respect I would suggest u to look at the question first and then criticize others. brother Perfect asked for advise and everyone have full right to share their sincere opinions. Please! respect other opinions. even if u disagree try to use rather more polite language.
hope u won't mind my request.  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on April 08, 2012, 10:17:15 AM
Dear members,  Salam

I want to some advise from you. I owned a 10 Marla House, worth Rs.8 to 9 million.
I want to convert this house into Efoods may be for 4 to 5 years period.

Is it wise act? Can I take a big house from this move?. What is the dividend expectations after 4 to 5 years.

Please guide me,  regards,
By the time; after 4 years , your house must swell to about 20 millions; and thats a guarantee; but stock market has many ups and downs and one sometimes takes decisions in PANIC; Then why to play a gamble; If you have some surplus money, you may like to invest half here and half on advice of Mr Imran Hafeez on ALMEEZAN PENSION TAHAFUZ ; Well  ! MAY ALLAH SWT guide you the best;
Well brothers lets cool down;  environment temprature is already rising and load shedding is still ON;  :thanks:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on April 08, 2012, 10:29:04 AM
We talk polite and enjoy here; No body makes his decision purely on our advice; yes they make like to get more educated by asking such kind of INNOCENT and SIMPLE questions; Lets understand this... and then no body will be rough over here
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 08, 2012, 11:12:16 AM
Guys, I have missed the current rally on EFOODS  :brickwall: but I am very positive (just like everyone else) about the future prospects of the company  :fingerscrossed1:, I have been waiting for a sub 40 correction and it seems the dip to 44 was my last opportunity to buy sub 45-which I missed  :brickwall:, am I waiting too long? should I make the buy now ? because it does not look like EFOODS wants to be corrected.  On the other hand there is the looming 14k KSE predicted correction to keep in mind as well :smilestar:

imo during corrections stocks trading with higher premiums get hammered right after pure speculative ones, and lastly dividend stocks take the beat down.

Does EFOODs, being the higher premium stock (price based on future incomes not current), potentially qualify to get hammered hard (minus 30-40%) during a minus 800 point KSE correction ?

Very confused and double minded  :dunno:, someone shed light on my dilemma please.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 08, 2012, 11:16:47 AM
there are 2 points I have:
1. Last time after 3.5 month rally in late 2010, KSE 100 got hammered by 1700 points correction in Feb 2011 not 800 points which you are foreseeing
2. I expect EFOODS will also get hammered just like other stocks during correction.

38-40 is not impossible.

No offence to EFOODS holders.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 08, 2012, 11:30:58 AM
there are 2 points I have:
1. Last time after 3.5 month rally in late 2010, KSE 100 got hammered by 1700 points correction in Feb 2011 not 800 points which you are foreseeing
2. I expect EFOODS will also get hammered just like other stocks during correction.

38-40 is not impossible.

No offence to EFOODS holders.

GRAPES ARE SOURRRRRRRRR @ POKER  :laugh:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 08, 2012, 11:43:14 AM
 :laugh:

grapes ka mausam Sept-October hai
shayad us waqt tak meethe mil jayen  ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 08, 2012, 11:47:32 AM
:laugh:

grapes ka mausam Sept-October hai
shayad us waqt tak meethe mil jayen  ;)

"SHAYAD"   :biggrin:  rather wait for September / October
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 08, 2012, 12:39:34 PM
there are 2 points I have:
1. Last time after 3.5 month rally in late 2010, KSE 100 got hammered by 1700 points correction in Feb 2011 not 800 points which you are foreseeing
2. I expect EFOODS will also get hammered just like other stocks during correction.

38-40 is not impossible.

No offence to EFOODS holders.

Thanks for your logical and prudent insight Poker Face.

True I have been seeing a 800 point correction (half of last cos I see sentiment is better and corps have positive results+forecasts) but you are right in a sell only market value and logic can get lost and things just keep sliding.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Invisibleone on April 08, 2012, 02:28:29 PM
@perfect

Well, if you own  couple of houses , yes u can go for EFOODS by selling one of them  BUT if this is the only house you have ....NEVER ever put all your eggs in single basket...truely wrote by Akif and Farzooq....NOT Recommended....Diversify rather than going for a single stake...means ...invest in stocks, property etc.... I think you have become emotional ...and one should be refrain from being emotional...basic rule for trading and investment...
please. ...ALSO......EFOOD is not shariah compliant so far and trading in it is not Halal..  :biggthumpup:

Please let people decide for themselves on what to invest in. No one has asked for a preaching lesson here.  :biggthumpup:


@ MOMO
You keep on giving your opinion  and...let others give their opinion .. ...if you don't like preaching then it is definitely not for you...however this forum is for everybody and everybody is free to share his humble opinion.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Invisibleone on April 08, 2012, 02:40:00 PM
@space 3K

Well ...trading is by choice ..
what government is doing won't be asked from u but yes ...wht u are doing by your choice...it matters....and we are responsible for that ! :fingerscrossed1:





Title: FCEPL -- formerly Engro Foods Limited
Post by: umair vohra on April 09, 2012, 10:58:01 AM
yaar mery pass Treet ka share hai kiya ussay sale kar kary Efoods mai shift kiya jaskta hai
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 09, 2012, 11:09:38 AM
yaar mery pass Treet ka share hai kiya ussay sale kar kary Efoods mai shift kiya jaskta hai

do it (but for longer term)

(short terms not recommended)
Title: FCEPL -- formerly Engro Foods Limited
Post by: umair vohra on April 09, 2012, 11:27:57 AM
IT MEANS SHROT TERM MAI tREET ACHA HAI THANKS
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 09, 2012, 11:29:51 AM
IT MEANS SHROT TERM MAI tREET ACHA HAI THANKS

I didn't say that :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 09, 2012, 11:30:53 AM
I am also thinking to convert my PPL and ogdc into efoods
Title: FCEPL -- formerly Engro Foods Limited
Post by: umair vohra on April 09, 2012, 11:32:03 AM
Ha ha ha ha
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 09, 2012, 12:22:34 PM
Engro Foods Limited (EFOODS) is a growth story at
our local bourse which has outperformed the market
by 93%YTD. The company is continuing with its
aggressive growth strategy and plans to invest
further Rs8.7bn for expansion in 2012. Moreover,
consistent sales growth and selling off its 70% stake
in loss making Engro Foods Supply Chain to Engro
Eximp can further aid the bottom line of the company.
Therefore, we have reviewed our investment case and
revised up our earnings estimates for EFOODS by 1-11% for
2012F-13F. Consequently, our target price has been revised
by 22% to Rs45. EFOODS currently trades at 2012F PE of
26.7x. We have a ‘Hold’ stance on the stock.

Expansion Plan 2012
EFOODS has planned to invest Rs8.7bn in 2012 mainly for
expansion purposes. The expansion plan comprises of
investing Rs2bn in the powdered milk business, whereas the
rest of Rs6.7bn will be invested to acquire more livestock,
expand dairy capacity and cold chain infrastructure
development. It will be financed by a mix of internal cash
generation of Rs3.7bn and a loan of Rs5bn. Additionally, the
company is planning to introduce new products in the UHT
and the ice cream segment where the emphasis will be on the
products that will be new to the Pakistani market, the details
of which are yet to be disclosed. Furthermore, the company is
also planning to enhance its North American operation by
launching ‘paratha’ and rice products.

Dairy and juices to lead the way
Dairy and juices segment reported hefty earnings of Rs1.4bn
in 2011, a growth of 100%YoY with Net Profit margins
improving by 1ppt to 5%. UHT sales grew mainly because of
higher sales of its tea whitener (Tarang) and a new variant
Dairy Omung (catering to budget conscious society of the
country). We believe these two products are likely to be major
contributors towards the growth of the company in the coming
years.
The ice cream business (Omore) witnessed an increase of
62%YoY in its revenues to Rs2.6bn and gained 7ppt in
market share to 24% from last year. However, the segment
reported a loss of Rs0.4bn in 2011 as the segment is still in its
growing stage and much is being spent on the marketing of
the product so as to create the brand name.

EPS revision
(Rs) New Old %?
2012F 1.82 1.80 1%
2013F 3.14 2.82 11%
Target Price 45 37 22%
Source: JS Research estimates

Outlook
In 2011, EFOODS has reported an EPS of Rs1.19, up 407%.
The company is in continuous expansionary mode and it is for
this reason we have revised our earnings estimate by 1-11%
for 2012F-13F and consequently the target price to Rs45. We
currently have a ‘Hold’ stance on EFOODS and it currently
trades at a 2012F PE of 26.7x. However, the key risk to our
investment thesis remains the lower sales growth and
financial burden owing to its leveraged balance sheet.

jsgcl
Title: FCEPL -- formerly Engro Foods Limited
Post by: umair vohra on April 09, 2012, 12:40:09 PM
THANKS FAROOQ BAHI PLZ KUCH TREET KA BARY MAI BHE KOI REPORT HO TO AAP BATO 
Title: FCEPL -- formerly Engro Foods Limited
Post by: Koolfire on April 09, 2012, 11:05:46 PM
Engro Foods Limited (EFOODS) is a growth story at
our local bourse which has outperformed the market
by 93%YTD. The company is continuing with its
aggressive growth strategy and plans to invest
further Rs8.7bn for expansion in 2012. Moreover,
consistent sales growth and selling off its 70% stake
in loss making Engro Foods Supply Chain to Engro
Eximp can further aid the bottom line of the company.
Therefore, we have reviewed our investment case and
revised up our earnings estimates for EFOODS by 1-11% for
2012F-13F. Consequently, our target price has been revised
by 22% to Rs45. EFOODS currently trades at 2012F PE of
26.7x. We have a ‘Hold’ stance on the stock.

Expansion Plan 2012
EFOODS has planned to invest Rs8.7bn in 2012 mainly for
expansion purposes. The expansion plan comprises of
investing Rs2bn in the powdered milk business, whereas the
rest of Rs6.7bn will be invested to acquire more livestock,
expand dairy capacity and cold chain infrastructure
development. It will be financed by a mix of internal cash
generation of Rs3.7bn and a loan of Rs5bn. Additionally, the
company is planning to introduce new products in the UHT
and the ice cream segment where the emphasis will be on the
products that will be new to the Pakistani market, the details
of which are yet to be disclosed. Furthermore, the company is
also planning to enhance its North American operation by
launching ‘paratha’ and rice products.

Dairy and juices to lead the way
Dairy and juices segment reported hefty earnings of Rs1.4bn
in 2011, a growth of 100%YoY with Net Profit margins
improving by 1ppt to 5%. UHT sales grew mainly because of
higher sales of its tea whitener (Tarang) and a new variant
Dairy Omung (catering to budget conscious society of the
country). We believe these two products are likely to be major
contributors towards the growth of the company in the coming
years.
The ice cream business (Omore) witnessed an increase of
62%YoY in its revenues to Rs2.6bn and gained 7ppt in
market share to 24% from last year. However, the segment
reported a loss of Rs0.4bn in 2011 as the segment is still in its
growing stage and much is being spent on the marketing of
the product so as to create the brand name.

EPS revision
(Rs) New Old %?
2012F 1.82 1.80 1%
2013F 3.14 2.82 11%
Target Price 45 37 22%
Source: JS Research estimates

Outlook
In 2011, EFOODS has reported an EPS of Rs1.19, up 407%.
The company is in continuous expansionary mode and it is for
this reason we have revised our earnings estimate by 1-11%
for 2012F-13F and consequently the target price to Rs45
. We
currently have a ‘Hold’ stance on EFOODS and it currently
trades at a 2012F PE of 26.7x. However, the key risk to our
investment thesis remains the lower sales growth and
financial burden owing to its leveraged balance sheet.

jsgcl
have they calculated the target price wrong as current price is 50
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 09, 2012, 11:39:39 PM
Engro Foods Limited (EFOODS) is a growth story at
our local bourse which has outperformed the market
by 93%YTD. The company is continuing with its
aggressive growth strategy and plans to invest
further Rs8.7bn for expansion in 2012. Moreover,
consistent sales growth and selling off its 70% stake
in loss making Engro Foods Supply Chain to Engro
Eximp can further aid the bottom line of the company.
Therefore, we have reviewed our investment case and
revised up our earnings estimates for EFOODS by 1-11% for
2012F-13F. Consequently, our target price has been revised
by 22% to Rs45. EFOODS currently trades at 2012F PE of
26.7x. We have a ‘Hold’ stance on the stock.

Expansion Plan 2012
EFOODS has planned to invest Rs8.7bn in 2012 mainly for
expansion purposes. The expansion plan comprises of
investing Rs2bn in the powdered milk business, whereas the
rest of Rs6.7bn will be invested to acquire more livestock,
expand dairy capacity and cold chain infrastructure
development. It will be financed by a mix of internal cash
generation of Rs3.7bn and a loan of Rs5bn. Additionally, the
company is planning to introduce new products in the UHT
and the ice cream segment where the emphasis will be on the
products that will be new to the Pakistani market, the details
of which are yet to be disclosed. Furthermore, the company is
also planning to enhance its North American operation by
launching ‘paratha’ and rice products.

Dairy and juices to lead the way
Dairy and juices segment reported hefty earnings of Rs1.4bn
in 2011, a growth of 100%YoY with Net Profit margins
improving by 1ppt to 5%. UHT sales grew mainly because of
higher sales of its tea whitener (Tarang) and a new variant
Dairy Omung (catering to budget conscious society of the
country). We believe these two products are likely to be major
contributors towards the growth of the company in the coming
years.
The ice cream business (Omore) witnessed an increase of
62%YoY in its revenues to Rs2.6bn and gained 7ppt in
market share to 24% from last year. However, the segment
reported a loss of Rs0.4bn in 2011 as the segment is still in its
growing stage and much is being spent on the marketing of
the product so as to create the brand name.

EPS revision
(Rs) New Old %?
2012F 1.82 1.80 1%
2013F 3.14 2.82 11%
Target Price 45 37 22%
Source: JS Research estimates

Outlook
In 2011, EFOODS has reported an EPS of Rs1.19, up 407%.
The company is in continuous expansionary mode and it is for
this reason we have revised our earnings estimate by 1-11%
for 2012F-13F and consequently the target price to Rs45
. We
currently have a ‘Hold’ stance on EFOODS and it currently
trades at a 2012F PE of 26.7x. However, the key risk to our
investment thesis remains the lower sales growth and
financial burden owing to its leveraged balance sheet.

jsgcl
have they calculated the target price wrong as current price is 50

 :bangin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 10, 2012, 06:32:37 AM
@perfect

Well, if you own  couple of houses , yes u can go for EFOODS by selling one of them  BUT if this is the only house you have ....NEVER ever put all your eggs in single basket...truely wrote by Akif and Farzooq....NOT Recommended....Diversify rather than going for a single stake...means ...invest in stocks, property etc.... I think you have become emotional ...and one should be refrain from being emotional...basic rule for trading and investment...
please. ...ALSO......EFOOD is not shariah compliant so far and trading in it is not Halal..  :biggthumpup:

Please let people decide for themselves on what to invest in. No one has asked for a preaching lesson here.  :biggthumpup:


@ MOMO
You keep on giving your opinion  and...let others give their opinion .. ...if you don't like preaching then it is definitely not for you...however this forum is for everybody and everybody is free to share his humble opinion.

I'm glad it wasn't for me. I know people are free to share their opinions, but it would be best if we keep religion out of it and let people make their own decisions. If someone is worried about it, they'll ask whether it's halal or not.

Let's agree to disagree.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Invisibleone on April 10, 2012, 09:01:15 AM
@ Momo

Yeah keep religion out of everything ...Democracy, Government..financial matters...our lives... .cos it stops and puts limitation so we do not want to hear about it...yeah? keep it up  :biggthumpup: lets agree on disagree and stop this discussion here :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 11, 2012, 05:49:50 AM
@ Momo

Yeah keep religion out of everything ...Democracy, Government..financial matters...our lives... .cos it stops and puts limitation so we do not want to hear about it...yeah? keep it up  :biggthumpup: lets agree on disagree and stop this discussion here :fingerscrossed1:

No comments in the interest of the forum.  :clap1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 11, 2012, 01:55:14 PM
We actively cover Engro Foods Ltd (EFOODS) and we have given DCF price of Rs 141/sh based on our
last published call. The company has given some of its investment plans such as:
• Expansion of Rs 8.7 bn in CY12 mainly for production units and sales channels in different SBUs;
• The expansion plan comprises investing Rs 2 bn in the powdered milk business,
• whereas the rest of Rs 6.7 bn will be invested to acquire more livestock and enhancing dairy
capacity and cold chain infrastructure development;
• The financing mix include arranging internal cash generation of Rs 3.7 bn and;
• a loan of Rs 5 bn.
• EFOODS envisage new products in the UHT milk segment and also ice cream segment;
• EFOODS also plans to enhance its North American operation by launching ‘paratha’ and rice
products since that offers good market for such items.

Great focus enforces our view…
The focus of EFOODS is to introduce new products in a sprawling Pakistan market since 2008 after
‘milk revolution’ strategy launched in Punjab province way back in 2006 to create collection centers
that greatly benefitted its main flag brand ‘olpers’. Since then the company is continuing with its
aggressive growth strategy and becomes one of the greatest success story surpassing Nestle’s hold.

Growing on brands such as Tarang and Omang…
We see tremendous sales growth of EFOODS wherein some of the segments such as dairy and juices
reported earnings of Rs 1.4 bn in 2011, showing a growth of 100% with net profit margins improving
substantially at 5ppt in UHT alone given upsurge in tea whitener product ‘Tarang’ and a new variant
‘omung’. Omung caters to budget conscious society.
The company is optimistic on those two products as they may be the main contributors towards the
growth of the company in the coming years.

Ice cream segment to go a long way…
The ice cream brand omore also saw increase of 62 % as against last year as revenues surged to Rs 2.6
bn and gained substantial market share of 24%. However, the segment did reported a loss of Rs 0.4 bn
in 2011 since lot of amount is put on marketing of the product to create the brand image.
Valuation…

We maintain our long term BUY ratings on the script and shall update you once we incorporate new
capital expenditure into our model.

scstrade
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on April 11, 2012, 04:20:54 PM
scstrade may have made a calculation error ... 141/sh in one year ?  :shock: :shock:  that implies they think it will be worth 106 billion rupees .. poora engro group is worth 51 billion now
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 11, 2012, 04:37:37 PM
scstrade may have made a calculation error ... 141/sh in one year ?  :shock: :shock:  that implies they think it will be worth 106 billion rupees .. poora engro group is worth 51 billion now

let the time decide   :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Aun on April 11, 2012, 05:43:59 PM
engro group is worth more than 100 billion
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on April 11, 2012, 08:03:06 PM
engro group is worth more than 100 billion

 :ohmy: I just meant market value of equity ... its 50.5 billion... Book value Debt + equity sure its more than 100 billion  - approx 130 bilion
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 11, 2012, 08:40:22 PM
engro group is worth more than 100 billion

 :ohmy: I just meant market value of equity ... its 50.5 billion... Book value Debt + equity sure its more than 100 billion  - approx 130 bilion

@bmuqtadir bro

anything is possible in kse ::)
Title: FCEPL -- formerly Engro Foods Limited
Post by: turningpoint on April 11, 2012, 08:46:24 PM
Is it the right time to invest half of your holdings in efoods ... Any suggestions from seniors ...
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 11, 2012, 08:56:32 PM
Is it the right time to invest half of your holdings in efoods ... Any suggestions from seniors ...

wait for result.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Saeed Muhammad on April 11, 2012, 08:58:54 PM
Dear Stockz, when is the meeting
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 11, 2012, 08:59:52 PM
Is it the right time to invest half of your holdings in efoods ... Any suggestions from seniors ...

wait for result.

or buy 50% here and 50% after result.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 11, 2012, 09:01:15 PM
Dear Stockz, when is the meeting

Hasn't announced yet
but should be b/w 18-19april my view.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Saeed Muhammad on April 11, 2012, 11:05:50 PM
Thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 11, 2012, 11:16:39 PM
Is it the right time to invest half of your holdings in efoods ... Any suggestions from seniors ...

25% now, 25% after BM, 50% after KSE 1500 point correction  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 12, 2012, 12:34:08 AM
Love this scrip.. It will have superb growth. 141 is too optimistic price but 100 tak ja sakta hai by the Y/E.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 12, 2012, 01:21:49 AM
Love this scrip.. It will have superb growth. 141 is too optimistic price but 100 tak ja sakta hai by the Y/E.

nothing is too optimistic for this share budds, sky is the limit :fingerscrossed1:   
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 12, 2012, 05:16:44 AM
I think one should start accumulating it here. Again a great buying opportunity.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Invisibleone on April 12, 2012, 11:43:08 AM
except that it is not shariah compliant ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 12, 2012, 12:10:03 PM
Lower Lock  :arrowhead:

This share never bears the market pressure  >:(
Title: FCEPL -- formerly Engro Foods Limited
Post by: Valueestimator on April 12, 2012, 12:22:50 PM
high beta.
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 12, 2012, 12:40:53 PM
It will take time for the Srcip to consolidate over 50 level. 50 seem to be a barrier for it.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 12, 2012, 09:29:36 PM
my friends I have something to share with u all. If u go to my early first posts I mentioned that I have concerns that why AKD increased his holdings in EFOODS by 9%. now today I checked their portfolio reports and I AM SHOCKED TO SEE THAT THEY HAVE SOLD ALMOST 90% of holding in EFOODS.
Last month they posted report and recommended people to buy EFOODS.  :bangin: :bangin:
I sold my holding at 42.3 (the time when I saw AKD increased his holding in EFOODS).

I request all my dear brother to become cautious and research properly before buying EFOODS.
BEST OF LUCK TO ALL HOLDERS.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 12, 2012, 09:38:03 PM
AKD investments have recently invested there 25% plus of AKD total mutual funds value in EFOODS.
I have no idea ''WHY'' they are too much bullish in this share only?  :skeptic:
SENIOR MEMBERS I WOULD HIGHLY APPRECIATE IF YOU COULD GUIDE ME.
in my opinion its institutional selling.
sold all my position on average of 42.30, Alhamd-ul-lillah.
now waiting to buy either at 36 or 46.     :lazy2:
shifted my position to soneri bank at 6.7.  :skeptic:


same share was there at 23 rupees but no one was releasing any report. I bought from 25 till 36 and sold all at 42.3 week ago.
honestly this is the pure beauty of stock market '' difference of opinion''. a person in buying thinks it will go up and a person in selling thinks opposite.
GOOD LUCK .  :biggthumpup:

Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 12, 2012, 09:56:55 PM
I have seen the the portfolios of akd they still have efoods and didn't major reduction. Where you are seening this can you please share
Title: FCEPL -- formerly Engro Foods Limited
Post by: hammad01 on April 13, 2012, 04:45:18 AM
what is the attractive price of buying efoods?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 13, 2012, 09:06:26 AM
I have seen the the portfolios of akd they still have efoods and didn't major reduction. Where you are seening this can you please share

in the month of Feb they were having EFOODS equivalent of their 25% of total investment but now they have sold all and holding 7% only.
I have their product monitor reports of last 3 months. I never say anything without solid evidence. if you want I can e-mail those reports to u after market closing.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 13, 2012, 03:43:34 PM
my friends I have something to share with u all. If u go to my early first posts I mentioned that I have concerns that why AKD increased his holdings in EFOODS by 9%. now today I checked their portfolio reports and I AM SHOCKED TO SEE THAT THEY HAVE SOLD ALMOST 90% of holding in EFOODS.
Last month they posted report and recommended people to buy EFOODS.  :bangin: :bangin:
I sold my holding at 42.3 (the time when I saw AKD increased his holding in EFOODS).

I request all my dear brother to become cautious and research properly before buying EFOODS.
BEST OF LUCK TO ALL HOLDERS.

bohat bura hooo raha hay na. I WARNED ALL MY FRIENDS.  :bangin: :crying_anim02: :crying_anim02: :crying_anim02:
Title: FCEPL -- formerly Engro Foods Limited
Post by: khi1990 on April 13, 2012, 04:22:37 PM
entered this script at 44
any short term target?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockee on April 13, 2012, 04:32:18 PM
:laugh:

grapes ka mausam Sept-October hai
shayad us waqt tak meethe mil jayen  ;)
SEP-OCT   Aaa gayaaaaaaa-----
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 13, 2012, 04:41:06 PM
Oh excellent level but paisay phansay paray hain :(.. Buy banti hau yahan tou. Aj market 200 plus gayi but most of shares were down, Strange phenomenon.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 13, 2012, 05:58:30 PM
Bought 21000 at lower lock 43.39  ;)
18000 buy keye thay @ 48 but sold in last 2 days at No Profit No loss  and Now bought back at lower rates  :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: naveed on April 13, 2012, 06:14:07 PM
@ hamid
You are going against the trend my friend.  Remember trend is your friend.  You should have waited a bit.  It might come down to 30's. 
I wish it never happens but this is the current trend.
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on April 13, 2012, 06:22:37 PM
Dear Brother Naveed, It came to this level twice and bounced back to PKR 50/-  This is its trend too.  Kindly also note the board meeting for first quarter is coming near.   A good EPS can take it higher levels.  Current move is basically "CORRELATION EFFECT " of ENGRO CORP.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 13, 2012, 06:23:32 PM
@ hamid
You are going against the trend my friend.  Remember trend is your friend.  You should have waited a bit.  It might come down to 30's. 
I wish it never happens but this is the current trend.

I will sell these shares on monday 1 rupee up ... just bought for short term  ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: khi1990 on April 13, 2012, 08:00:41 PM
i agree with tariq hafeez .this would be around 50 in no time and could even go higher in case of a good announcment
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 13, 2012, 10:33:53 PM
Dear Brother Naveed, It came to this level twice and bounced back to PKR 50/-  This is its trend too.  Kindly also note the board meeting for first quarter is coming near.   A good EPS can take it higher levels.  Current move is basically "CORRELATION EFFECT " of ENGRO CORP.

Bhai TariqHafeez I agree with you  :fingerscrossed1:

I have finally started accumulating EFOODS, I was really upset for missing out buying last time it hit 44, bought 25% position at lower lock today.
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on April 14, 2012, 12:38:29 AM
i think today at lock it was huge buying oppertunity. so i got it.
Title: FCEPL -- formerly Engro Foods Limited
Post by: turningpoint on April 14, 2012, 08:07:16 AM
Salam to all !
 Hello seniors, i am stuck very badly in efoods and bought 11000@46.95.

 Can you please suggest whether i should hold the stock or sell it or buy few more to reduce the average.

  Please respond i am confused.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 14, 2012, 08:18:48 AM
Salam to all !
 Hello seniors, i am stuck very badly in efoods and bought 11000@46.95.

 Can you please suggest whether i should hold the stock or sell it or buy few more to reduce the average.

  Please respond i am confused.

Don't worry brother you should Hold it. It will go up insha ALLAH. If you have spare money you can average it if it comes further down below 43
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 14, 2012, 05:21:13 PM
Two things are importent while its downword trend.

1. People committed so many hopes from this script, in fact this is not worthy as expected.
2. General public like me has very much holding of this script, every one is talking about Nestle and Efoods, great exectations by general public. Due to this reason player na sub ko dho dia ha. Unless general public still in it I dont see any rally.

However, one must place stop loss in this share.

Khabi ka din bara or Khabi ki rattain.
Title: FCEPL -- formerly Engro Foods Limited
Post by: faizy777 on April 14, 2012, 06:12:05 PM
35-40 pe buy karen it will go up to 70 INSHALLAH
Title: FCEPL -- formerly Engro Foods Limited
Post by: turningpoint on April 14, 2012, 07:50:36 PM
One thing which is quite noticeable is there was around 2 million sellers when efoods went lower lock yesterday a day before yesterday it was the same story... Any senior who can put some light on this as i cannot understand when there is no selling why the script still ends in a lower lock....

Thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 14, 2012, 08:40:28 PM
One thing which is quite noticeable is there was around 2 million sellers when efoods went lower lock yesterday a day before yesterday it was the same story... Any senior who can put some light on this as i cannot understand when there is no selling why the script still ends in a lower lock....

Thanks

It is called speculation, when there is a seller there's always a buyer.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on April 14, 2012, 09:09:48 PM
Dear Brother Naveed, It came to this level twice and bounced back to PKR 50/-  This is its trend too.  Kindly also note the board meeting for first quarter is coming near.   A good EPS can take it higher levels.  Current move is basically "CORRELATION EFFECT " of ENGRO CORP.

Please explain what you mean by 'correlation effect' ... As far as I understand, since engro holds efoods, Engro may move if efood moves, but its not logical to expect efoods to move because engro moved since it doesnt own engro. Thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: turningpoint on April 15, 2012, 11:23:49 AM
One thing which is quite noticeable is there was around 2 million sellers when efoods went lower lock yesterday a day before yesterday it was the same story... Any senior who can put some light on this as i cannot understand when there is no selling why the script still ends in a lower lock....

Thanks

It is called speculation, when there is a seller there's always a buyer.

@Stockz_123
so does that mean efoods still have a potiential to go up or what ... brother please elaborate as i am unaware of the term speculation...
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 15, 2012, 11:29:42 AM
One thing which is quite noticeable is there was around 2 million sellers when efoods went lower lock yesterday a day before yesterday it was the same story... Any senior who can put some light on this as i cannot understand when there is no selling why the script still ends in a lower lock....

Thanks

It is called speculation, when there is a seller there's always a buyer.

@Stockz_123
so does that mean efoods still have a potiential to go up or what ... brother please elaborate as i am unaware of the term speculation...

Definition of 'Speculation'
The process of selecting investments with higher risk in order to profit from an anticipated price movement.

Read more: http://www.investopedia.com/terms/s/speculation.asp#ixzz1s5W2cry5
Title: FCEPL -- formerly Engro Foods Limited
Post by: turningpoint on April 15, 2012, 01:02:42 PM
@stockz_123 ... Once you predicted efoods to be between 70 and 80 ... Are you still with it or you dont think thats its an investable stock anymore ... Just asking whats your view on this ...
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 15, 2012, 01:18:37 PM
Yar mind na karna, I am replying instead of stock 123.

As per basic fundamentals ya zaror tuch Kara Ga may be by the year end RS.90.
Lakin importent thning is that either you have the holding capaicty or not.

Is main Satta Zarore Ha warna Is ko itni buri tarhan na nicha marta. almost three consective lower locks means the big player inside.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 15, 2012, 04:21:49 PM
@stockz_123 ... Once you predicted efoods to be between 70 and 80 ... Are you still with it or you dont think thats its an investable stock anymore ... Just asking whats your view on this ...

DEAR,

I STAND BY MY OPINION BUDDS. 

"A SHAHEEN NA GHABRA IN TAIZ HAWAOAN SAY YEH TO CHALTI HE HAIN TUJHE OONCHA URANAY K LIYE"
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 15, 2012, 05:52:14 PM
Yar mind na karna, I am replying instead of stock 123.

As per basic fundamentals ya zaror tuch Kara Ga may be by the year end RS.90.
Lakin importent thning is that either you have the holding capaicty or not.

Is main Satta Zarore Ha warna Is ko itni buri tarhan na nicha marta. almost three consective lower locks means the big player inside.

jiss speed say chara hai thora tou wapis ana banta hai
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 15, 2012, 05:53:16 PM
crucial support is 40.87
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 16, 2012, 10:56:26 AM
aahh raha hay phir waha pay chala tha jaha say.  :smilestar:
timely updated my friends but all my friends were very optimistic, I pray for upper lock today.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 16, 2012, 10:57:57 AM
my friends I have something to share with u all. If u go to my early first posts I mentioned that I have concerns that why AKD increased his holdings in EFOODS by 9%. now today I checked their portfolio reports and I AM SHOCKED TO SEE THAT THEY HAVE SOLD ALMOST 90% of holding in EFOODS.
Last month they posted report and recommended people to buy EFOODS.  :bangin: :bangin:
I sold my holding at 42.3 (the time when I saw AKD increased his holding in EFOODS).

I request all my dear brother to become cautious and research properly before buying EFOODS.
BEST OF LUCK TO ALL HOLDERS.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 16, 2012, 11:18:56 AM
 :bangin: :bangin: :bangin: :bangin: :bangin: :bangin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 16, 2012, 12:50:37 PM
koi shuk ???????  :smilestar:
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 16, 2012, 01:01:26 PM
I have news from reliable source that the company management himself is the net seller. They required this amount for Engro Corp. One this sale is over we again see some upword trend. 
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abdul Qadir on April 16, 2012, 01:05:25 PM
Above 50 soon INSHALLAH...
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 16, 2012, 01:06:40 PM
I have news from reliable source that the company management himself is the net seller. They required this amount for Engro Corp. One this sale is over we again see some upword trend.

best of luck  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 16, 2012, 01:36:22 PM
NICE RECOVERY MASHALLAH
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 16, 2012, 01:40:05 PM
NICE RECOVERY MASHALLAH

I pray for upper lock  because many of our friends are holding EFOODS.  :crying_anim02:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 16, 2012, 01:40:41 PM
@akif I think it is good that not panic others when price is going down to sharply, Your judgment is quite right that players sold stock on highs but it is better that one exit on better levels instead of lower locks. Now it is recovery in efoods and I think now can say that if you have week holding in efoods try to ease yourself.

You thoughts are goods but there are people who are new to trading and become panic very early.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 16, 2012, 01:44:12 PM
NICE RECOVERY MASHALLAH

I pray for upper lock  because many of our friends are holding EFOODS.  :crying_anim02:

STOP SPREADING PANIC DUDE. YOUR DEHAN WAS NICE THOUGH ANYWAY AVOID CREATING PANIC "DONT MIND"
Title: FCEPL -- formerly Engro Foods Limited
Post by: khi1990 on April 16, 2012, 01:45:05 PM
i am hearing rumours of 38-37.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 16, 2012, 01:47:14 PM
 :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 16, 2012, 01:51:57 PM
@akif I think it is good that not panic others when price is going down to sharply, Your judgment is quite right that players sold stock on highs but it is better that one exit on better levels instead of lower locks. Now it is recovery in efoods and I think now can say that if you have week holding in efoods try to ease yourself.

You thoughts are goods but there are people who are new to trading and become panic very early.
surely will stop posting in EFOODS from now on. I just shared what I knew and surely could have saved someone from loss . I never post without authentic source.
good luck to all of you.  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 16, 2012, 01:59:15 PM
@akif I think it is good that not panic others when price is going down to sharply, Your judgment is quite right that players sold stock on highs but it is better that one exit on better levels instead of lower locks. Now it is recovery in efoods and I think now can say that if you have week holding in efoods try to ease yourself.

You thoughts are goods but there are people who are new to trading and become panic very early.
surely will stop posting in EFOODS from now on. I just shared what I knew and surely could have saved someone from loss . I never post without authentic source.
good luck to all of you.  :biggthumpup:

I never meant that you should stop contributing your valuable thoughts but when the price go down. This is the time when brokers are forcing to square your position and people start asking to others what to do? and this is the time we need to support by saying try and exit on good levels.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on April 16, 2012, 02:01:54 PM
sorry to post again but I signaled to sell at 47-48 level.
no problem brother,. just cheer up.  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on April 16, 2012, 03:07:59 PM
BM on 19 April
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 16, 2012, 03:25:30 PM
sorry to post again but I signaled to sell at 47-48 level.
no problem brother,. just cheer up.  :biggthumpup:

Don't beat yourself up your call was correct, I think ras.soft is trying to say you should have used words like  'sell on strength'  so novice traders don't simply liquidate at market rates rather sell on days high so to speak (correct me if I am wrong ras.soft). Either way it was the right call to make.

There is something about EFOODS I kept telling my wife to sell at 50+ (her sister also closed position at 5+) but my wife decided only to sell 50%, and to top it all despite telling her not to buy until 40, I, myself got suckered into buying an initial position at 45  :$: boy do i feel silly  ::)

Long term holders of EFOODS you guys have nothing to worry about, market swings are part of the 'LONG' game, I saw my OGDCL go from 180 to 130 and back to 170 took 1 full year. So a 20-30% price correction of a new company where valuation is based on future potential earning, is not that big a deal  :biggthumpup:

Also to all new traders, bhai loog if you get nervous easily then perhaps shares with no real history are not the best place to start learning the trade, good luck to everyone on the EFOODS up/down ride  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 16, 2012, 04:13:55 PM
sorry to post again but I signaled to sell at 47-48 level.
no problem brother,. just cheer up.  :biggthumpup:

Don't beat yourself up your call was correct, I think ras.soft is trying to say you should have used words like  'sell on strength'  so novice traders don't simply liquidate at market rates rather sell on days high so to speak (correct me if I am wrong ras.soft). Either way it was the right call to make.

There is something about EFOODS I kept telling my wife to sell at 50+ (her sister also closed position at 5+) but my wife decided only to sell 50%, and to top it all despite telling her not to buy until 40, I, myself got suckered into buying an initial position at 45  :$: boy do i feel silly  ::)

Long term holders of EFOODS you guys have nothing to worry about, market swings are part of the 'LONG' game, I saw my OGDCL go from 180 to 130 and back to 170 took 1 full year. So a 20-30% price correction of a new company where valuation is based on future potential earning, is not that big a deal  :biggthumpup:

Also to all new traders, bhai loog if you get nervous easily then perhaps shares with no real history are not the best place to start learning the trade, good luck to everyone on the EFOODS up/down ride  :biggthumpup:

Good explanation. Actually @akif is a good experience trader, but the people who are new will not realize what he is trying to say, Once there is lower and some one comment that I have told you that don't buy and it is going to his original price where it started than it is very difficult to control your nerves.

I also believe that it will be quite hard that efoods price will stable for few weeks as the player sold there shares around 45-51. So those who are in this shares for short term need to very cautious because such kind of dips will keep coming in near future. But if you are long term investor this is an ideal share to accumulate on lower levels for long term investment.
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 16, 2012, 04:21:31 PM
sorry to post again but I signaled to sell at 47-48 level.
no problem brother,. just cheer up.  :biggthumpup:

Mr. Akif you are very informative person, thanks, one should be sensitive about stock market. Please tell me the web address of AKD.

My information is today Munaff is sell and AKD is the net buyer (whole market), as per Munaf SRO will be on Budget and as per AKD its very soon.

Friends what is your projections about quaterly board meeting.  ::) ::) ::)
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 17, 2012, 04:41:33 AM
sorry to post again but I signaled to sell at 47-48 level.
no problem brother,. just cheer up.  :biggthumpup:

Mr. Akif you are very informative person, thanks, one should be sensitive about stock market. Please tell me the web address of AKD.

My information is today Munaff is sell and AKD is the net buyer (whole market), as per Munaf SRO will be on Budget and as per AKD its very soon.

Friends what is your projections about quaterly board meeting.  ::) ::) ::)

I would say around Rs0.80. Let's see.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on April 17, 2012, 09:20:07 AM
Last year 1Q 2011 eps was 0.16
What could be market reaction if EFOODS eps for  1Q 2012 is 0.30???
Either it should be the selling pressure or Buying???? :confused1:
What market is expecting????

Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 17, 2012, 09:26:17 AM
Last year 1Q 2011 eps was 0.16
What could be market reaction if EFOODS eps for  1Q 2012 is 0.30???
Either it should be the selling pressure or Buying???? :confused1:
What market is expecting????

it could be higher bhai
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 17, 2012, 09:30:43 AM
Last year 1Q 2011 eps was 0.16
What could be market reaction if EFOODS eps for  1Q 2012 is 0.30???
Either it should be the selling pressure or Buying???? :confused1:
What market is expecting????

Bhai, 1Q 2011 EPS was when the company was still coming into profit, and transitioning from a loss making entity to a profit making one. When a new business is started, it doesn't start of profitably. This is the reason the 1Q EPS last year was so low. Each quarter, the EPS will start increasing, until it stabilizes (if we don't take the increased revenue into account). What I'm trying to say is that with Rs30 Billion in revenue, their net profit should be much higher than ~Rs850 million, but since they are just starting to come into profitability, it will keep increasing. I hope you get my point.

Also, this isn't a cyclical business, except for maybe the ice cream, and that too only in the north of the country.
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 17, 2012, 06:20:24 PM
sorry to post again but I signaled to sell at 47-48 level.
no problem brother,. just cheer up.  :biggthumpup:

Mr. Akif you are very informative person, thanks, one should be sensitive about stock market. Please tell me the web address of AKD.

My information is today Munaff is sell and AKD is the net buyer (whole market), as per Munaf SRO will be on Budget and as per AKD its very soon.

Friends what is your projections about quaterly board meeting.  ::) ::) ::)

I would say around Rs0.80. Let's see.

Oh, .8 would be a 500% increase in EPS, which would be great normally, but with EFOODS market expectations are a touch unrealistic, momo, lets assume .8 eps, what do you see the valuation at if such is the result ? i know its tough to pin it down (future earnings are unpredictable) I am just asking everyone to get a consensus/mean number for expectation
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 18, 2012, 08:05:22 AM
sorry to post again but I signaled to sell at 47-48 level.
no problem brother,. just cheer up.  :biggthumpup:

Mr. Akif you are very informative person, thanks, one should be sensitive about stock market. Please tell me the web address of AKD.

My information is today Munaff is sell and AKD is the net buyer (whole market), as per Munaf SRO will be on Budget and as per AKD its very soon.

Friends what is your projections about quaterly board meeting.  ::) ::) ::)

I would say around Rs0.80. Let's see.

Oh, .8 would be a 500% increase in EPS, which would be great normally, but with EFOODS market expectations are a touch unrealistic, momo, lets assume .8 eps, what do you see the valuation at if such is the result ? i know its tough to pin it down (future earnings are unpredictable) I am just asking everyone to get a consensus/mean number for expectation

Please see my comment above your post.

I think if it comes with Re0.80, the valuation should be about the same, but the price will probably go up to around Rs60-Rs65. Just my opinion. Let's see what happens.
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 18, 2012, 09:32:29 AM
sorry to post again but I signaled to sell at 47-48 level.
no problem brother,. just cheer up.  :biggthumpup:

Mr. Akif you are very informative person, thanks, one should be sensitive about stock market. Please tell me the web address of AKD.

My information is today Munaff is sell and AKD is the net buyer (whole market), as per Munaf SRO will be on Budget and as per AKD its very soon.

Friends what is your projections about quaterly board meeting.  ::) ::) ::)

I would say around Rs0.80. Let's see.

Oh, .8 would be a 500% increase in EPS, which would be great normally, but with EFOODS market expectations are a touch unrealistic, momo, lets assume .8 eps, what do you see the valuation at if such is the result ? i know its tough to pin it down (future earnings are unpredictable) I am just asking everyone to get a consensus/mean number for expectation

Please see my comment above your post.

I think if it comes with Re0.80, the valuation should be about the same, but the price will probably go up to around Rs60-Rs65. Just my opinion. Let's see what happens.

Oops wrong terminology, by valuation i meant fair price of the stock on expected eps of .8
thanks for your reply
Title: FCEPL -- formerly Engro Foods Limited
Post by: Knife on April 19, 2012, 08:27:35 AM
Seniors, What are the results expectations? And where do you think it will go after the result?
 
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 19, 2012, 10:49:58 AM
.65eps  :shoaby:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 19, 2012, 10:51:19 AM
.65eps  :shoaby:
ENGRO WILL LAND IN LOSS OF 2.00 IF I AM CORRECT
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 19, 2012, 11:44:53 AM
Impressive results  :clap1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 19, 2012, 11:46:06 AM
Y is the sharp movement ? Has the result for the Q announced?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 19, 2012, 11:50:17 AM
swap of engro to efoods gave dividend in 1/2 hours
Title: FCEPL -- formerly Engro Foods Limited
Post by: mkj04 on April 19, 2012, 11:53:47 AM
dear i think result already announced
with NO dividend
eps 0.65
Title: FCEPL -- formerly Engro Foods Limited
Post by: Aun on April 19, 2012, 12:09:04 PM
Engro Foods reported 1QCY12 earnings of PKR486mn (EPS: PKR0.65), up by a whopping 314% YoY and recorded a flattish growth on QoQ basis. As expected no payout was announced along with the result.


Top line improved by 52% YoY primarily due to increase in volumetric sale coupled with higher product prices. Gross margin improved from 22% in 1QCY11 to 23% in 1QCY12 likely due to higher product prices and economies of scales which is being achieved with the increase in volumes.
Despite of 33% YoY higher operating expenses, company successfully increased its operating margin from 6% in 1QCY11 to 10% in 1QCY12 primarily due to increase in gross profitability. 

This robust result has raised our conviction for strong earnings during CY12.


Rs mn   1QCY12   1QCY11   YoY   4QCY11   QoQ
Sales   9,666   6,363   52%   7,984   21%
Gross Profit   2,256   1,378   64%   1,860   21%
Operating Profit   948   376   152%   871   9%
Financial and other charges   209   195   7%   158   33%
PBT   739   180   309%   714   3%
Profit attributable to equity hilders   486   117   314%   484   0%
EPS   0.65   0.16   314%   0.65   0%
               
Gross margin   23%   22%   -   23%   -
Operating profit margin   10%   6%   -   11%   -
Net margin   5%   2%   -   6%   -
Effective tax rate   34%   35%   -   32%   -
               
Source: Company data, FS Research               
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 19, 2012, 12:41:59 PM
nothing special eps why lock
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 19, 2012, 12:43:32 PM
nothing special eps why lock

lol funny
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 19, 2012, 12:45:54 PM
nothing special eps why lock

What is your expectation
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 19, 2012, 12:52:00 PM
i think its moving on satta should come down
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 19, 2012, 12:57:00 PM
i think its moving on satta should come down

day dreaming  :bangin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 19, 2012, 01:01:05 PM
i think its moving on satta should come down

day dreaming  :bangin:
Engro wally is main ghus gay hain
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on April 19, 2012, 02:41:30 PM
Superb result, it beat market expectations. That's why it is LOCKED


Thumbs Up EFOODS
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 19, 2012, 04:25:05 PM
Result seemed Nise .. What would be the target price by 31.12.2012? Do u ppl see it Crossing 100?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 19, 2012, 04:34:48 PM
Result seemed Nise .. What would be the target price by 31.12.2012? Do u ppl see it Crossing 100?

INSHALLAH
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 19, 2012, 04:35:48 PM
.65 eps for share trading at 47 why the excitement  :dunno:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 19, 2012, 04:36:54 PM
.65 eps for share trading at 47 why the excitement  :dunno:

keep on thinking ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 19, 2012, 04:39:19 PM
Engro group in trouble but u are free man  :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 19, 2012, 05:13:50 PM
.65 eps for share trading at 47 why the excitement  :dunno:

keep on thinking ;)

It is for first quarter . Last year it was just .17 and this a food producing company having phenomenal growth. This kind of companies normally trade on 20+ multiple,as there is always a chance that they introduce stunning product which could click and profit can jump in to many fold. So study Engro foods a bit and do the maths.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 19, 2012, 06:49:38 PM
this kind company showed good results thats why it locked AQ sb is right four time increase in profit suggests it should trade on much higher multiples than it currently is

Sorry Stockz_123 i was not paying much attention.

Will take position when i am out of JSCL, AHCL, PACE and some other notorious kachra items
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 19, 2012, 10:17:53 PM
Engro Foods: 4 fold increase in 1Q2012 earnings
• The company announced its 1Q2012 financial results today.
• The quarterly earnings stood at PRs486mn (EPS PRs0.65), or 4 fold higher as against PRs117mn (EPS PRs0.16) in 1Q2011.
• For Engro Corporation (ENGRO) , Efoods profitability translates into PRs0.95/share as against PRs0.23/share in 1Q2011.
• Revenues depicted a decent growth of 52% to PRs9.7bn as against PRs6.4bn previously.
• Gross level profitability also depicted strong performance with gross profit soaring by 64% to PRs2.2bn while margins expanding by 1.69pps
to 23%.
• The trend is more prominent at operating levels with operating profit registering 138% growth while 3.57pps expansion in margin.
• Finance cost of the company increased by 7% to PRs209mn. However, on comparable basis, the impact of finance cost was far less
intensive than last year’s same quarter. That said, during 1Q2012, EBT margin of the company depicted an increment of 4.81pps as against
EBIT margin expansion of 3.90pps.
• At current trading levels, we recommend a “Hold” stance for the scrip.

fcel
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 20, 2012, 12:16:46 AM
this kind company showed good results thats why it locked AQ sb is right four time increase in profit suggests it should trade on much higher multiples than it currently is

Sorry Stockz_123 i was not paying much attention.

Will take position when i am out of JSCL, AHCL, PACE and some other notorious kachra items

 :goodc:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 20, 2012, 06:40:43 AM
Below my expectations but still good.  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on April 20, 2012, 07:28:17 AM
this kind company showed good results thats why it locked AQ sb is right four time increase in profit suggests it should trade on much higher multiples than it currently is

Sorry Stockz_123 i was not paying much attention.

Will take position when i am out of JSCL, AHCL, PACE and some other notorious kachra items
When one should opt out of these KACHRAs; Plz share
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on April 20, 2012, 04:00:29 PM
Engro Foods shines
APRIL 20, 2012 BR RESEARCH 0 COMMENTS
The first quarterly results for Engro Foods this year showed a remarkable growth in the companys revenues and margins, surpassing analysts expectations.

An over 50 percent year-on-year increase was recorded in the top-line, contributed both by increases in volumes and prices of Engro Foods diverse product portfolio.

Much of this increase was led by the liquid segment, UHT in particular, while the ice cream segment saw a dip in volumetric sales owing to a prolonged winter season this quarter.
The improvement in revenues was reflected in the companys gross margins, which went up slightly by 1.7 percentage points to over 23 percent.
The companys distribution and marketing expenses to sales ratio showed a decrease from 13 percent in 1QCY11 to 11 percent in 1QCY12.

This could be indicative of the company achieving economies of scale in terms of marketing expenses and distribution networks, as many of its products are advancing beyond the introductory stage when greater marketing expenditure may be required.
The efficiency in distribution and marketing expenses also caused a greater improvement in operating margins relative to the improvement in gross margins.

With an operating profit of Rs950 million, the operating margins went up about 4 percentage points in 1QCY12 to 9.8 percent, relative to the same period last year.
All in all, Engro Foods bottomline was about four times what it was in 1QCY11, reflecting a phenomenal growth of over 300 percent to roughly Rs0.5 billion.
Going forward, the growth company plans to invest Rs8.7 billion in 2012 for expansion purposes.

Out of this, two billion rupees will be invested in the powdered milk business, while the remainder will be invested in capacity expansion and cold chain infrastructure development.
In addition, with the summer season having begun in the country, ice-cream sales will likely experience an up tick, further brightening prospects for the consumer goods company.

In a corporate briefing held at the beginning of March, the companys management was hopeful that the ice-cream sub-category will turn into the greens by 2013.
Investors responded positively to the companys result announcement with Engro Foods share price rising by about five percent yesterday to Rs47.08.

Overall, with a product diversification strategy and a positive outlook ahead, prospects seem bright for the company.
http://www.brecorder.com/br-research/999:all/2449:engro-foods-shines/?date=2012-04-20
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on April 20, 2012, 09:37:03 PM
e food holders ko mubarik. what is sell target? pls comments.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 20, 2012, 10:10:04 PM
e food holders ko mubarik. what is sell target? pls comments.

start reducing above 50
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 20, 2012, 10:36:55 PM
e food holders ko mubarik. what is sell target? pls comments.

hold.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on April 20, 2012, 10:40:23 PM
Yes HOLD

EFOODS will trade above 50 now, InshaALLAH
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 21, 2012, 02:10:55 AM
e food holders ko mubarik. what is sell target? pls comments.

start reducing above 50

 :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 21, 2012, 10:39:03 AM
friends its just a suggession. I told you in previous comments that three consecutive down locks means some big player inside.
during its downword trend my holding was 22000 and during this upword trend my holding is now 7000 :brickwall: :brickwall: :brickwall:

but i still recomended to hold it, atleast some minimum quantity. Inshallah it will cross Rs.100 by the year end.

Baqi Allah Malik to Ha hi. :rtfm: :rtfm: :rtfm:
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 21, 2012, 11:00:33 AM
@farzooq bhai as you know I want to accumulate efoods, I only have 25% of intended final position in it, when/at what price levels should I buy ? 45-52 ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 21, 2012, 11:12:45 AM
QoQ analysis of efoods

4q 2011 eps 0.66
1q 2012 eps 0.65

Any growth qoq ? No not at all

2q 2012 and 3q 2012 will be hit with ice cream losses. Even if efoods comes up with an eps of 2 for the full year
its already trading at high p/e of 25.

My stance start reducing above 50 to 55 as you will get it back in range of 35-40
 
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on April 21, 2012, 12:02:08 PM
QoQ analysis of efoods

4q 2011 eps 0.66
1q 2012 eps 0.65

Any growth qoq ? No not at all

2q 2012 and 3q 2012 will be hit with ice cream losses. Even if efoods comes up with an eps of 2 for the full year
its already trading at high p/e of 25.

My stance start reducing above 50 to 55 as you will get it back in range of 35-40

thank you
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 12:31:27 PM
QoQ analysis of efoods

4q 2011 eps 0.66
1q 2012 eps 0.65

Any growth qoq ? No not at all

2q 2012 and 3q 2012 will be hit with ice cream losses. Even if efoods comes up with an eps of 2 for the full year
its already trading at high p/e of 25.

My stance start reducing above 50 to 55 as you will get it back in range of 35-40

soon you will be changing your stance over it lol
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 12:33:32 PM
its gonna be out of range for everyone waiting down  :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 12:43:54 PM
QoQ analysis of efoods

4q 2011 eps 0.66
1q 2012 eps 0.65

Any growth qoq ? No not at all

2q 2012 and 3q 2012 will be hit with ice cream losses. Even if efoods comes up with an eps of 2 for the full year
its already trading at high p/e of 25.

My stance start reducing above 50 to 55 as you will get it back in range of 35-40


almost 400% growth in eps yoy in 1st qt its not nominal.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on April 21, 2012, 02:01:33 PM
QoQ analysis of efoods

4q 2011 eps 0.66
1q 2012 eps 0.65

Any growth qoq ? No not at all

2q 2012 and 3q 2012 will be hit with ice cream losses. Even if efoods comes up with an eps of 2 for the full year
its already trading at high p/e of 25.

My stance start reducing above 50 to 55 as you will get it back in range of 35-40

 :thanks: agreed ! bijli keh maslay are affecting icecream business.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 02:06:03 PM
QoQ analysis of efoods

4q 2011 eps 0.66
1q 2012 eps 0.65

Any growth qoq ? No not at all

2q 2012 and 3q 2012 will be hit with ice cream losses. Even if efoods comes up with an eps of 2 for the full year
its already trading at high p/e of 25.

My stance start reducing above 50 to 55 as you will get it back in range of 35-40

 :thanks: agreed ! bijli keh maslay are affecting icecream business.

funny :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on April 21, 2012, 02:36:05 PM
Dear Forum members,

Sorry to correct you all!  This is not true that icecream business will take the profits down.  Icecream is not the core business.  Core business is packaged milk and tea whitner (omang) .  This product sales depend on the availability of milk. in the period jan-mar , raw milk availability is low so they use the powdered milk for which EFOODs has a limited capacity.  Therefore, sales can be increased much in jan-march period and the comparison of jan march period with oct -december period is also not right as each period has a different levels of raw milk availability. jan-mar 2012 should be compared with jan-mar 2012 as it will mean apple to apple comparison.

Sales for packaged milk is expected to be high in apr -june quarter due to higher raw milk availability and they dont hv to rely on powdered milk.  Rather they convert Raw milk to powder in the summer months so that to use in in winter when raw milk is not available . so the use powdered milk in winter .   Therefore, profits can be higher in summer due to higher sales of packaged milk which contributes to 90 percent of their profits.
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on April 21, 2012, 02:39:54 PM
Dear Forum members,
I repasted it with some corrections in red color.

Dear forum members

Sorry to correct you all!  This is not true that icecream business will take the profits down.  Icecream is not the core business.  Core business is packaged milk and tea whitner (omang) .  This product sales depend on the availability of milk. in the period jan-mar , raw milk availability is low so they use the powdered milk for which EFOODs has a limited capacity.  Therefore, sales can not be increased much in jan-march period and the comparison of jan march period with oct -december period is also not right as each period has a different levels of raw milk availability. jan-mar 2012 should be compared with jan-mar 2011 as it will mean apple to apple comparison.

Sales for packaged milk is expected to be high in apr -june quarter due to higher raw milk availability and they dont hv to rely on powdered milk.  Rather they convert Raw milk to powder in the summer months so that to use in in winter when raw milk is not available . so the use powdered milk in winter .   Therefore, profits can be higher in summer due to higher sales of packaged milk which contributes to 90 percent of their profits.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 02:42:56 PM
Dear Forum members,

Sorry to correct you all!  This is not true that icecream business will take the profits down.  Icecream is not the core business.  Core business is packaged milk and tea whitner (omang) .  This product sales depend on the availability of milk. in the period jan-mar , raw milk availability is low so they use the powdered milk for which EFOODs has a limited capacity.  Therefore, sales can be increased much in jan-march period and the comparison of jan march period with oct -december period is also not right as each period has a different levels of raw milk availability. jan-mar 2012 should be compared with jan-mar 2012 as it will mean apple to apple comparison.

Sales for packaged milk is expected to be high in apr -june quarter due to higher raw milk availability and they dont hv to rely on powdered milk.  Rather they convert Raw milk to powder in the summer months so that to use in in winter when raw milk is not available . so the use powdered milk in winter .   Therefore, profits can be higher in summer due to higher sales of packaged milk which contributes to 90 percent of their profits.


agreed compare with 1st qtr 2012 with 1st qtr 2011 which we do with all other shares.

as in , 2011 eps was 0.16 and 2012 eps 0.65 now get the real picture of growth budds.
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 21, 2012, 02:44:38 PM
Company in growth phase where High preliminary costs with new Products are coming. It will be premature to apply ratios at this stage. Summer results would be good wid increase in Ice-cream and drinks sales.  By the Way Ice-cream will be in losses for sure as admitted by the co. officials themselves who estimated to reach a break even position in couple of years..people know that. Company has to drag the Ice-cream product and cant quit that.
 Dairy products with powder milk to add in product portfolio, will be the lime light of the company..
EFOODS is good share for longterm :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 02:45:04 PM
The quarterly earnings stood at PRs486mn (EPS PRs0.65), or 4 fold higher as against PRs117mn (EPS PRs0.16) in 1Q2011.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 02:50:39 PM
Company in growth phase where High preliminary costs with new Products are coming. It will be premature to apply ratios at this stage. Summer results would be good wid increase in Ice-cream and drinks sales.  By the Way Ice-cream will be in losses for sure as admitted by the co. officials themselves who estimated to reach a break even position in couple of years..people know that. Company has to drag the Ice-cream product and cant quit that.
 Dairy products with powder milk to add in product portfolio, will be the lime light of the company..
EFOODS is good share for longterm :s1:

ice cream business expected to get into profits by 2013
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 21, 2012, 02:52:33 PM
Dear Forum members,
I repasted it with some corrections in red color.

Dear forum members

Sorry to correct you all!  This is not true that icecream business will take the profits down.  Icecream is not the core business.  Core business is packaged milk and tea whitner (omang) .  This product sales depend on the availability of milk. in the period jan-mar , raw milk availability is low so they use the powdered milk for which EFOODs has a limited capacity.  Therefore, sales can not be increased much in jan-march period and the comparison of jan march period with oct -december period is also not right as each period has a different levels of raw milk availability. jan-mar 2012 should be compared with jan-mar 2011 as it will mean apple to apple comparison.

Sales for packaged milk is expected to be high in apr -june quarter due to higher raw milk availability and they dont hv to rely on powdered milk.  Rather they convert Raw milk to powder in the summer months so that to use in in winter when raw milk is not available . so the use powdered milk in winter .   Therefore, profits can be higher in summer due to higher sales of packaged milk which contributes to 90 percent of their profits.
Nise insight, Thanks.
Tea whitner is Tarang by the way. Packed milk is ofcourse Omang and Olpers.
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on April 21, 2012, 02:58:31 PM
Dear Brother decentshaw,

Thanks for correction about brand names of efoods packaged milk products.  Efoods latest expansion to tripple the milk collection network and tripple the powdered milk capacity , is indicating how high growth is in this segment.
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 21, 2012, 03:02:49 PM
ice cream business expected to get into profits by 2013

Yeah break even expected by 2013
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 03:05:23 PM
ice cream business expected to get into profits by 2013

Yeah break even expected by 2013


bhai profits not just b.e
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 21, 2012, 03:15:20 PM
Corporate briefing Given by EFoods said B.E expected by 2013.

http://stockmarketresearchreports.com//2012/March/08_03_12/Elixir/Corporate%20Briefing%20-%20Engro%20Foods.pdf

Stockz_123 what are ur predictions about EFOODS by end of this year.
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 21, 2012, 03:18:25 PM
bhai profits not just b.e
U r rite.. its one and same things perhaps
http://stockmarketresearchreports.com//2012/March/08_03_12/BMA/EFOODS%20Tapping%20the%20Potentials%20382012.PDF
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 03:26:18 PM
Corporate briefing Given by EFoods said B.E expected by 2013.

http://stockmarketresearchreports.com//2012/March/08_03_12/Elixir/Corporate%20Briefing%20-%20Engro%20Foods.pdf

Stockz_123 what are ur predictions about EFOODS by end of this year.

70+ i was expecting but now i think it will go 100+ inshallah
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on April 21, 2012, 03:34:25 PM
Me also expecting Highs, I won't mention price (log bura maan jatay hain samjh gye hun ge kafi log, par InshaALLAH ho ga.

Thanks to Allah Almighty, I sold ENGRO at 150 and entered in EFOODS.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 21, 2012, 03:48:55 PM
i hope it comes near low 40s so i can buy  :$:
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 21, 2012, 03:57:44 PM
i hope it comes near low 40s so i can buy  :$:
Bhai mujhay plz bata dena , akelay akelay he na khareed lena low 40s main  :laugh:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 21, 2012, 04:57:08 PM
Me also expecting Highs, I won't mention price (log bura maan jatay hain samjh gye hun ge kafi log, par InshaALLAH ho ga.

Thanks to Allah Almighty, I sold ENGRO at 150 and entered in EFOODS.


han yar true log bura maan jaty :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on April 21, 2012, 06:41:18 PM
Yaaron, I have been crying for so long. Why did people not buy it when it came in the mid to low 40's twice during it's correction? I don't know what people are waiting for. It's not coming back down in the 20's or 30's again, so you all missed the opportunity.

Space3k, you should've bought more before or after the results. Don't wait too long for a good share. A few rupees here or there don't matter when you're holding it for the long term.

Farzooq, yes, QoQ is not much of growth, but you also have to think about their new product launches that are eating up money right now, and also the effects of different quarters. Ice cream will be in high demand in the winters, couple that with the expansion of the ice cream business from the current 60% geographic area to 100%, and it will break even or come into profit. Juices will be in high demand in the summers as well. Add in the milk collection expansion, the launch of new products, transfer of Al-Safa to EFOODS (even though it's in a loss right now) which will come into profits soon as they are expanding their range and the availability of the product, and the launching of new products in the Middle East and India, and you have a recipe for amazing success. 

As for price targets, I personally think it'll be around Rs80. Don't want to say anyting higher just to be conservative.  :clap1:

Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 22, 2012, 11:58:57 AM
Yaaron, I have been crying for so long. Why did people not buy it when it came in the mid to low 40's twice during it's correction? I don't know what people are waiting for. It's not coming back down in the 20's or 30's again, so you all missed the opportunity.

Space3k, you should've bought more before or after the results. Don't wait too long for a good share. A few rupees here or there don't matter when you're holding it for the long term.

Farzooq, yes, QoQ is not much of growth, but you also have to think about their new product launches that are eating up money right now, and also the effects of different quarters. Ice cream will be in high demand in the winters, couple that with the expansion of the ice cream business from the current 60% geographic area to 100%, and it will break even or come into profit. Juices will be in high demand in the summers as well. Add in the milk collection expansion, the launch of new products, transfer of Al-Safa to EFOODS (even though it's in a loss right now) which will come into profits soon as they are expanding their range and the availability of the product, and the launching of new products in the Middle East and India, and you have a recipe for amazing success. 

As for price targets, I personally think it'll be around Rs80. Don't want to say anyting higher just to be conservative.  :clap1:

I want to add something. For engro foods look for sales figures, because in future there gross margin and net margin will improve as after the next quarter there accumulative loss will be zero and there will be improve margins in future.
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on April 22, 2012, 07:23:12 PM
sure i also agree with above veiws.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 22, 2012, 09:00:55 PM
I think entry mil age gee low 40 s main before next quarter
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 23, 2012, 09:42:17 AM
50-- Again testing Level for Efoods today..
Title: FCEPL -- formerly Engro Foods Limited
Post by: masamad on April 23, 2012, 09:53:18 AM
farzooq bhai what is stance.should b reduce or hold?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 23, 2012, 10:00:43 AM
farzooq bhai what is stance.should b reduce or hold?

QoQ analysis of efoods

4q 2011 eps 0.66
1q 2012 eps 0.65

Any growth qoq ? No not at all

2q 2012 and 3q 2012 will be hit with ice cream losses. Even if efoods comes up with an eps of 2 for the full year
its already trading at high p/e of 25.

My stance start reducing above 50 to 55 as you will get it back in range of 35-40

Decision is yours
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 23, 2012, 11:35:18 AM
EFOODS: Analyst Briefing Takeaways

   EFOODS reported revenues of PKR9,666mn; representing growth of 52% YoY and 14% QoQ. The company’s gross margins improved by 168bps YoY to 23.33%, however, declined by 144bps sequentially due to seasonal factors. EFOODS showed healthy bottomline growth of 315% YoY and 20% QoQ to PKR486mn (EPS: PKR0.65)

   EFOODS’ Ambient UHT business recorded volumetric growth of 39% YoY and revenue growth of 54%. Thus, Dairy & Juices segment reported revenues of PKR9,257mn, up 56% YoY. However, gross margins for the segment dropped ~200bps sequentially to 23% compared to 25% recorded in 4QCY11

   The company would continue its expansion plans dedicated to dairy segment, where it expects the new powder plant to be completed by 1HCY13

   Ice Cream segment reported a dismal 1QCY12 due to persisting extended winter, with 7% YoY decline in sales to PKR409mn. Volumetric sales for the segment clocked in 19% lower YoY

   EFOODS continues to bet on ‘Omung’, its low priced dairy liquid, to deliver strong growth going forward. Our Dec12 TP for the company stands at PKR57, representing 15% upside from current levels – BUY
 
http://www.bmatoday.com/reports.asp?rpt=inf&cdte=4/23/2012
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 23, 2012, 12:13:07 PM
Thanks Farooq bhai, Nice Sharing
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 23, 2012, 01:22:33 PM
 :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 23, 2012, 01:30:49 PM
Low 40s main kab aye ga   :brickwall: :brickwall:
Khainch ker lao isko nechay!!
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 23, 2012, 01:33:07 PM
Low 40s main kab aye ga   :brickwall: :brickwall:
Khainch ker lao isko nechay!!

2 bar aya tha ab to na ayee inshallah..

2 bar aya tha ab kia bachy ki jaan logy?
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 23, 2012, 01:38:35 PM
Kisi 3000 say oper wali posts walay senior ne kaha tha low 40s main aye ga..
Kiska aitbaar karay banda :brickwall:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 23, 2012, 01:47:49 PM
Kisi 3000 say oper wali posts walay senior ne kaha tha low 40s main aye ga..
Kiska aitbaar karay banda :brickwall:

suno sb ki karo apni. but to tell u one thing that efood is not the share for short term.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on April 23, 2012, 01:57:58 PM
EFOODS: Analyst Briefing Takeaways

   EFOODS reported revenues of PKR9,666mn; representing growth of 52% YoY and 14% QoQ. The company’s gross margins improved by 168bps YoY to 23.33%, however, declined by 144bps sequentially due to seasonal factors. EFOODS showed healthy bottomline growth of 315% YoY and 20% QoQ to PKR486mn (EPS: PKR0.65)

   EFOODS’ Ambient UHT business recorded volumetric growth of 39% YoY and revenue growth of 54%. Thus, Dairy & Juices segment reported revenues of PKR9,257mn, up 56% YoY. However, gross margins for the segment dropped ~200bps sequentially to 23% compared to 25% recorded in 4QCY11

   The company would continue its expansion plans dedicated to dairy segment, where it expects the new powder plant to be completed by 1HCY13

   Ice Cream segment reported a dismal 1QCY12 due to persisting extended winter, with 7% YoY decline in sales to PKR409mn. Volumetric sales for the segment clocked in 19% lower YoY

   EFOODS continues to bet on ‘Omung’, its low priced dairy liquid, to deliver strong growth going forward. Our Dec12 TP for the company stands at PKR57, representing 15% upside from current levels – BUY
 
http://www.bmatoday.com/reports.asp?rpt=inf&cdte=4/23/2012

why are they calling omung a 'dairy liquid' ? Is it not actual milk ? Is that how they sell it at such a low price ?  :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 23, 2012, 02:03:40 PM
EFOODS: Analyst Briefing Takeaways

   EFOODS reported revenues of PKR9,666mn; representing growth of 52% YoY and 14% QoQ. The company’s gross margins improved by 168bps YoY to 23.33%, however, declined by 144bps sequentially due to seasonal factors. EFOODS showed healthy bottomline growth of 315% YoY and 20% QoQ to PKR486mn (EPS: PKR0.65)

   EFOODS’ Ambient UHT business recorded volumetric growth of 39% YoY and revenue growth of 54%. Thus, Dairy & Juices segment reported revenues of PKR9,257mn, up 56% YoY. However, gross margins for the segment dropped ~200bps sequentially to 23% compared to 25% recorded in 4QCY11

   The company would continue its expansion plans dedicated to dairy segment, where it expects the new powder plant to be completed by 1HCY13

   Ice Cream segment reported a dismal 1QCY12 due to persisting extended winter, with 7% YoY decline in sales to PKR409mn. Volumetric sales for the segment clocked in 19% lower YoY

   EFOODS continues to bet on ‘Omung’, its low priced dairy liquid, to deliver strong growth going forward. Our Dec12 TP for the company stands at PKR57, representing 15% upside from current levels – BUY
 
http://www.bmatoday.com/reports.asp?rpt=inf&cdte=4/23/2012

why are they calling omung a 'dairy liquid' ? Is it not actual milk ? Is that how they sell it at such a low price ?  :skeptic:

wah wah kia baat ker dali  :smilestar:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 23, 2012, 02:05:25 PM
MASHALLAH :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on April 23, 2012, 02:27:42 PM
MASHALLAH :s1:

 :s1: It is a serious question actually .. I would like to know what goes in the production of 'omung'. I wouldnt put it past any food producer to try to make cheaper food. Pink slime anyone  ?
http://recipes.howstuffworks.com/pinkslime-ammonia-ground-beef.htm
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 23, 2012, 02:45:54 PM
MASHALLAH :s1:

 :s1: It is a serious question actually .. I would like to know what goes in the production of 'omung'. I wouldnt put it past any food producer to try to make cheaper food. Pink slime anyone  ?
http://recipes.howstuffworks.com/pinkslime-ammonia-ground-beef.htm

simple solution for u avoid buying omang and tension na lo ap :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 23, 2012, 03:37:47 PM
EFOODS: Analyst Briefing Takeaways

   EFOODS reported revenues of PKR9,666mn; representing growth of 52% YoY and 14% QoQ. The company’s gross margins improved by 168bps YoY to 23.33%, however, declined by 144bps sequentially due to seasonal factors. EFOODS showed healthy bottomline growth of 315% YoY and 20% QoQ to PKR486mn (EPS: PKR0.65)

   EFOODS’ Ambient UHT business recorded volumetric growth of 39% YoY and revenue growth of 54%. Thus, Dairy & Juices segment reported revenues of PKR9,257mn, up 56% YoY. However, gross margins for the segment dropped ~200bps sequentially to 23% compared to 25% recorded in 4QCY11

   The company would continue its expansion plans dedicated to dairy segment, where it expects the new powder plant to be completed by 1HCY13

   Ice Cream segment reported a dismal 1QCY12 due to persisting extended winter, with 7% YoY decline in sales to PKR409mn. Volumetric sales for the segment clocked in 19% lower YoY

   EFOODS continues to bet on ‘Omung’, its low priced dairy liquid, to deliver strong growth going forward. Our Dec12 TP for the company stands at PKR57, representing 15% upside from current levels – BUY
 
http://www.bmatoday.com/reports.asp?rpt=inf&cdte=4/23/2012

why are they calling omung a 'dairy liquid' ? Is it not actual milk ? Is that how they sell it at such a low price ?  :skeptic:

wah wah kia baat ker dali  :smilestar:
In lahore stores like MACRO and METRO it is always short, it is my personal experience
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on April 23, 2012, 04:17:02 PM
Me also expecting Highs, I won't mention price (log bura maan jatay hain samjh gye hun ge kafi log, par InshaALLAH ho ga.

Thanks to Allah Almighty, I sold ENGRO at 150 and entered in EFOODS.

 :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 23, 2012, 05:26:12 PM
Sold my 1/3(25k) today at 51.90. Missed twice when it reverse from 50.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Valueestimator on April 23, 2012, 07:49:53 PM
now it seems to rally towards 55-56, before results it was a different story
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on April 23, 2012, 09:39:14 PM
Kafi logoo na mal sell kar diya ha. Now the player is in full mood of tazi.

Friends I always have a stance in this forum that It would be Rs.90 by the year end. But dont blame any one who says it will come to Rs.40 this is the stock no one exectly predits.

Qasmat Apni Apni ha. :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 23, 2012, 09:51:08 PM
Kafi logoo na mal sell kar diya ha. Now the player is in full mood of tazi.

Friends I always have a stance in this forum that It would be Rs.90 by the year end. But dont blame any one who says it will come to Rs.40 this is the stock no one exectly predits.

Qasmat Apni Apni ha. :banana:

It can go to 90. But my expectation is 70 for this year.
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 23, 2012, 09:55:32 PM
Kisi 3000 say oper wali posts walay senior ne kaha tha low 40s main aye ga..
Kiska aitbaar karay banda :brickwall:
i was kidding..  :biggthumpup:
I believe it will be over 100 on this very day of 23 april , next year
Title: FCEPL -- formerly Engro Foods Limited
Post by: kamal on April 23, 2012, 09:59:34 PM
Kafi logoo na mal sell kar diya ha. Now the player is in full mood of tazi.

Friends I always have a stance in this forum that It would be Rs.90 by the year end. But dont blame any one who says it will come to Rs.40 this is the stock no one exectly predits.

Qasmat Apni Apni ha. :banana:

ENGRO kau beat kardaiga .. Mark My Words ...i already said earlier when people took it a joke ..
Title: FCEPL -- formerly Engro Foods Limited
Post by: Valueestimator on April 23, 2012, 10:09:33 PM
FOR EVERY SHARE OF ENGRO THERE ARE MORE THAN 1.2 SHARES OF EFOODS.
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqhafeez on April 23, 2012, 10:14:34 PM

Growth in efoods is because of ENGRO. ENGRO had a debt on its books due to EFOODs equity, therefore I think it is quite likely as our brother valueestimator proposed , once the value of EFOODs will be good enough, ENGRO may divest some percentage of EFOODs to decrease the leverage on ENGRO Books.

However, this is only when ENGRO is pushed to last limits , they , will do such a transaction.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 23, 2012, 10:15:11 PM
Kafi logoo na mal sell kar diya ha. Now the player is in full mood of tazi.

Friends I always have a stance in this forum that It would be Rs.90 by the year end. But dont blame any one who says it will come to Rs.40 this is the stock no one exectly predits.

Qasmat Apni Apni ha. :banana:

ENGRO kau beat kardaiga .. Mark My Words ...i already said earlier when people took it a joke ..
it is absolutly true, for this I swaped it with engro, engro sold at 100 and bought it at 44, but still I can say engro is like father and having kids, one able kid is EFOODS.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 23, 2012, 10:43:03 PM
ENGRO Foods conducted its analyst briefing on Friday 20th April, 2012 to discuss its 1QCY12
results along with future strategy.
Result Review 1QCY12 ? Top line growth leads to bottom line gains: EFOODS reported
1QY12 top line of PKR9.6bn, up 50% YoY, from PKR6.3bn in the same period last year.
Operating margin expanded to 9.8% from 5.9% in the period under review. PAT showed a
massive rise of 3.1x to clock in at PKR486mn from PKR117mn.
UHT Segment ? The diamond in the jewel: Management was optimistic with regards to the
growth prospects of the company even in the face of an inflationary environment as they
believe that packaged dairy segment is still under penetrated. Management also stated that
EFOODS commands a market share of 44% (According to Nielsen) in the UHT segment.
Ice cream segment: The future may not be that bleak: In the ice cream segment the
company believes it has seen the worst of the power shortage. Management expects
negative contribution for a few more quarters although they believe the segment is near
critical mass to break even.
Upcoming investment: Powder plant: The new powder plant is expected to come online by
the end of 1QCY13 which could extend by another quarter or two. Management has also
consolidated learning in the powder segment and believes that the company will be able to
leverage itself through this learning.

elixir
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 23, 2012, 10:45:01 PM
Engro Foods Ltd (EFOODS) recently released its 1QCY12 result in which the company reported
a PAT of PKR486mn (EPS: PKR0.65) versus PKR117mn (EPS: PKR0.17) in 1QCY11.
An Analyst Briefing was held on April 20, 2012 to discuss these results from which the key
takeaways are as follows:

Business Segment Highlights
• Dairy & Juice segment continued to be the primary earnings driver for EFOODS as
revenues surged an astounding 56%YoY to PKR9,257mn. Topline growth emanated
from a 39%YoY volumetric improvement in conjunction with 54%YoY value increase
in the Ambient UHT sub?segment. Management estimates that it commands a 44%
share of the UHT milk market. Milk powder sales, on the other hand, depicted a mere
3% value improvement whereas juice sales declined 38%YoY. Segment gross margins
expanded approximately 200bps to 23% in 1QCY12 which led to a corresponding
improvement in net margins to 7% from 5% a year ago
• The Ice Cream segment saw its topline contract 7%YoY on the back of 19%YoY volumetric
attrition. Management explained that the volumetric decline was partially
attributable to the unseasonably mild weather experienced in 1QCY12. Segment
gross margins receded approximately 500bps on a YoY basis which led to the LAT
rising to PKR135mn from PKR128mn a year ago
• 1QCY12 saw the Farm segment finally emerging from the red zone as it posted a
PKR5mn profit. Milk production for 1QCY12 was pegged at 27k litres/day which
represents a 29%YoY improvement. On a sequential basis, the herd size grew 10%
QoQ to 3,204 animals which was entirely based on intrinsic growth versus additional
purchases

Management Discussion
• EFOODS intends to embark on a PKR8.7bn capital expenditure plan in CY12. The bulk
of these funds (est. PKR5bn) will be allocated towards expansion of its milk collection
network while PKR2bn is dedicated towards increasing milk powder capacity.
• The company is in the process of reevaluating its Juices strategy and expects to come
out with a revised approach in the near future. During this time, juice volumes are
expected to dry off to a certain extent.
• Engro Foods Canada which is sold under the Al?Safa brand continues to expand its
market penetration, where it is available in all major supermarkets in Canada. In addition,
the company has also made headway in to the USA market, where it will be
available at Kroger stores.

hmfs
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on April 23, 2012, 10:58:10 PM
http://engro.com/wp-content/themes/engro-v1.0/pdf/analyst-briefing-1q2012.pdf
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 24, 2012, 12:19:17 AM

Growth in efoods is because of ENGRO. ENGRO had a debt on its books due to EFOODs equity, therefore I think it is quite likely as our brother valueestimator proposed , once the value of EFOODs will be good enough, ENGRO may divest some percentage of EFOODs to decrease the leverage on ENGRO Books.

However, this is only when ENGRO is pushed to last limits , they , will do such a transaction.

engro wil never sell efoods bro.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 24, 2012, 01:24:34 PM
its gonna be out of range for everyone waiting down  :tongue:


 :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Forecaster on April 24, 2012, 09:51:19 PM
Efood Holders : Be cautions, Walls launched their new cone ice cream Fruity Yo- Please have it taste- Ik he ice cream sab par bhari- Ab dekhna ye hai k kitna loss hotaa hai becharee efoods ko icecream mai :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 24, 2012, 09:59:39 PM
Efood Holders : Be cautions, Walls launched their new cone ice cream Fruity Yo- Please have it taste- Ik he ice cream sab par bhari- Ab dekhna ye hai k kitna loss hotaa hai becharee efoods ko icecream mai :biggrin:

hahahha joke of the day :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Forecaster on April 24, 2012, 10:02:25 PM
Efood Holders : Be cautions, Walls launched their new cone ice cream Fruity Yo- Please have it taste- Ik he ice cream sab par bhari- Ab dekhna ye hai k kitna loss hotaa hai becharee efoods ko icecream mai :biggrin:

hahahha joke of the day :biggthumpup:

yaar bhai mai ne abhi abhi ice cream khai hai , Nasha nahi utraa - Aap bhi taste karo - aap ko joke nahi lage gaa :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 24, 2012, 10:08:50 PM
Efood Holders : Be cautions, Walls launched their new cone ice cream Fruity Yo- Please have it taste- Ik he ice cream sab par bhari- Ab dekhna ye hai k kitna loss hotaa hai becharee efoods ko icecream mai :biggrin:

hahahha joke of the day :biggthumpup:

yaar bhai mai ne abhi abhi ice cream khai hai , Nasha nahi utraa - Aap bhi taste karo - aap ko joke nahi lage gaa :biggthumpup:

achi baat hey ek aur kha lo... :tongue: efoods ki sehat pe koi asar nai perny wala inshallah
Title: FCEPL -- formerly Engro Foods Limited
Post by: Forecaster on April 24, 2012, 10:43:05 PM
Efood Holders : Be cautions, Walls launched their new cone ice cream Fruity Yo- Please have it taste- Ik he ice cream sab par bhari- Ab dekhna ye hai k kitna loss hotaa hai becharee efoods ko icecream mai :biggrin:

hahahha joke of the day :biggthumpup:

yaar bhai mai ne abhi abhi ice cream khai hai , Nasha nahi utraa - Aap bhi taste karo - aap ko joke nahi lage gaa :biggthumpup:

achi baat hey ek aur kha lo... :tongue: efoods ki sehat pe koi asar nai perny wala inshallah

Lagta hai shares ziada hai tumhare paas- but brother mai ne mazak mai hee kaha hai , mujhe waise bhe Qadir bhai banne ki aadat nahi hai- :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 24, 2012, 10:56:48 PM
funny lol
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 24, 2012, 11:17:18 PM
Efood Holders : Be cautions, Walls launched their new cone ice cream Fruity Yo- Please have it taste- Ik he ice cream sab par bhari- Ab dekhna ye hai k kitna loss hotaa hai becharee efoods ko icecream mai :biggrin:

hahahha joke of the day :biggthumpup:

yaar bhai mai ne abhi abhi ice cream khai hai , Nasha nahi utraa - Aap bhi taste karo - aap ko joke nahi lage gaa :biggthumpup:

achi baat hey ek aur kha lo... :tongue: efoods ki sehat pe koi asar nai perny wala inshallah

Lagta hai shares ziada hai tumhare paas- but brother mai ne mazak mai hee kaha hai , mujhe waise bhe Qadir bhai banne ki aadat nahi hai- :biggrin:

my sweet brother meiny b mazak mein he reply dia hey mein kb serious hua hu apse? it has nothing to do with shares ziada or kum right? :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: aalam on April 26, 2012, 12:32:23 PM
huge buying AQ bahi.... :clap1:and stokz123 bhai....... :clap1:laoo 100 ka note....... :clap1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 26, 2012, 12:53:22 PM
Good show efoods keep going
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 26, 2012, 10:20:35 PM
Guys efoods remain solid in today's selling pressure, what you guys think this rate sustainable in near future.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on April 26, 2012, 10:25:45 PM
huge buying AQ bahi.... :clap1:and stokz123 bhai....... :clap1:laoo 100 ka note....... :clap1:

Yes MashaALLAH superb performance
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on April 27, 2012, 12:57:02 AM
Efoods has a future, Keep it permanent in you portfolio. It will outshine every one :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 27, 2012, 10:56:01 AM
huge buying AQ bahi.... :clap1:and stokz123 bhai....... :clap1:laoo 100 ka note....... :clap1:

Yes MashaALLAH superb performance

share comments on JSCL in relevent section plz

also efoods correction due nahin banti in rates per for further movement

regards
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 27, 2012, 03:23:49 PM
I think js group is doing satta in this share now after leaving jscl. I have sold 25k shares at 55.5 still holding my last 25k waiting to see where it goes
Title: FCEPL -- formerly Engro Foods Limited
Post by: Valueestimator on April 27, 2012, 04:58:36 PM
there r not many growth stocks on kse board thats why we indicate every high pe stock as satta item.

when it was 35 people were expecting it to buy at 20, and when it cross 55, they are looking to buy it at 50, one day it will cross 100, and they will wish to buy it at 85.

this is a low risk segment, growth is immense in this business, after two years, eps may reach 7-8, at that time pe will be 5-6, if u purchase today.

long term trend in this share is positive, however short term fluctuation would be there, but this is indeed not satta. its pure fundamentals.
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 27, 2012, 05:34:53 PM
there r not many growth stocks on kse board thats why we indicate every high pe stock as satta item.

when it was 35 people were expecting it to buy at 20, and when it cross 55, they are looking to buy it at 50, one day it will cross 100, and they will wish to buy it at 85.

this is a low risk segment, growth is immense in this business, after two years, eps may reach 7-8, at that time pe will be 5-6, if u purchase today.

long term trend in this share is positive, however short term fluctuation would be there, but this is indeed not satta. its pure fundamentals.

I don't know did you notice that around 55 there was a trade of around 3-4 million within 5 minutes at the same rate , this is called change on hands when a player who is driving stock they need financing and they move there position in those house where the financing is available.

I am also extremely bullish in this stock and having enough holding for short term and long term and if you see my past post I always recommend efoods to people in this forum. Now see this share movement in the next 2-3 weeks it will move like roller coaster this is called satta.

But you must admit that if we minus speculation in this market than you will not found much movement and volume in this market. Fundamental are there in this share and people like us are holding 5k,10, or more etc, don't you think that major players in the market don't know about this kind of share.
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on April 27, 2012, 05:39:06 PM
there r not many growth stocks on kse board thats why we indicate every high pe stock as satta item.

when it was 35 people were expecting it to buy at 20, and when it cross 55, they are looking to buy it at 50, one day it will cross 100, and they will wish to buy it at 85.

this is a low risk segment, growth is immense in this business, after two years, eps may reach 7-8, at that time pe will be 5-6, if u purchase today.

long term trend in this share is positive, however short term fluctuation would be there, but this is indeed not satta. its pure fundamentals.

I don't know did you notice that around 55 there was a trade of around 3-4 million within 5 minutes at the same rate , this is called change on hands when a player who is driving stock they need financing and they move there position in those house where the financing is available.

I am also extremely bullish in this stock and having enough holding for short term and long term and if you see my past post I always recommend efoods to people in this forum. Now see this share movement in the next 2-3 weeks it will move like roller coaster this is called satta.

But you must admit that if we minus speculation in this market than you will not found much movement and volume in this market. Fundamental are there in this share and people like us are holding 5k,10, or more etc, don't you think that major players in the market don't know about this kind of share.

I also told people that JSCL is only share in the current market that will wash your account when it close negative on week on week. It was a time when it close below 20.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Valueestimator on April 27, 2012, 10:07:38 PM
there r not many growth stocks on kse board thats why we indicate every high pe stock as satta item.

when it was 35 people were expecting it to buy at 20, and when it cross 55, they are looking to buy it at 50, one day it will cross 100, and they will wish to buy it at 85.

this is a low risk segment, growth is immense in this business, after two years, eps may reach 7-8, at that time pe will be 5-6, if u purchase today.

long term trend in this share is positive, however short term fluctuation would be there, but this is indeed not satta. its pure fundamentals.

I don't know did you notice that around 55 there was a trade of around 3-4 million within 5 minutes at the same rate , this is called change on hands when a player who is driving stock they need financing and they move there position in those house where the financing is available.

I am also extremely bullish in this stock and having enough holding for short term and long term and if you see my past post I always recommend efoods to people in this forum. Now see this share movement in the next 2-3 weeks it will move like roller coaster this is called satta.

But you must admit that if we minus speculation in this market than you will not found much movement and volume in this market. Fundamental are there in this share and people like us are holding 5k,10, or more etc, don't you think that major players in the market don't know about this kind of share.

people can make money in fundamentally strong stocks and they can make money in fundamentally weak stocks. the trading strategies may appear as satta. however in my view, something which is not worth at all like like jscl  or jovc, and is increasing for nothing, is satta in my view.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockkse on April 27, 2012, 11:22:54 PM
Is EFOODS a good buy at current market price or there are chances of dips?
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 27, 2012, 11:24:33 PM
yaar i belive it has had a good run some big broker is driving it warna these rates are too high for entry

dont buy it now its a venus fly trap now  :thanks:
Title: FCEPL -- formerly Engro Foods Limited
Post by: khi1990 on April 27, 2012, 11:59:08 PM
VALUE estimator is extremly correct because i myself am one of those investors that he referred .u knw just wanting to buy once in dips .BUt i entered @ 44 at the end and sold some @42 and then @52 .so i guess u just need to pick a good company and stick with it till the time it stays good .i bought hira textile @ 4 after extensive research sold it @ 5rs .its currently priced @ rs 8 .so buy once u knw that its a good share for future and with strong business prospects like engrofoods .but even i believe it could come down @ 45 any time .and if u believe its price could shoot to 100 so 4-5 rs in buying doesnt matter.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockkse on April 28, 2012, 12:48:02 AM
VALUE estimator is extremly correct because i myself am one of those investors that he referred .u knw just wanting to buy once in dips .BUt i entered @ 44 at the end and sold some @42 and then @52 .so i guess u just need to pick a good company and stick with it till the time it stays good .i bought hira textile @ 4 after extensive research sold it @ 5rs .its currently priced @ rs 8 .so buy once u knw that its a good share for future and with strong business prospects like engrofoods .but even i believe it could come down @ 45 any time .and if u believe its price could shoot to 100 so 4-5 rs in buying doesnt matter.

yaar i belive it has had a good run some big broker is driving it warna these rates are too high for entry

dont buy it now its a venus fly trap now  :thanks:

Thanks for the advice. :thanks:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 28, 2012, 12:21:56 PM
VALUE estimator is extremly correct because i myself am one of those investors that he referred .u knw just wanting to buy once in dips .BUt i entered @ 44 at the end and sold some @42 and then @52 .so i guess u just need to pick a good company and stick with it till the time it stays good .i bought hira textile @ 4 after extensive research sold it @ 5rs .its currently priced @ rs 8 .so buy once u knw that its a good share for future and with strong business prospects like engrofoods .but even i believe it could come down @ 45 any time .and if u believe its price could shoot to 100 so 4-5 rs in buying doesnt matter.

yaar i belive it has had a good run some big broker is driving it warna these rates are too high for entry

dont buy it now its a venus fly trap now  :thanks:

Thanks for the advice. :thanks:
it is a positive approach,world ll not end if one ll not buy. Never chase but wait if any scrip is how sound and uprising.sabar ka phal metha hot hay.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on April 30, 2012, 10:53:52 AM

[/quote] every one is going to enter in this, but it is time to restraint and realize one,s profit in my opinion. every can has his own perception and targets
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on April 30, 2012, 12:06:12 PM
upper locked at 58.38!
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 30, 2012, 12:26:38 PM
Engro Foods Limited: Strong growth prospects warrant an Outperform rating

 

Initiating with an Outperform rating and PKR64.0 target

·         We initiate coverage on Engro Foods Limited (Efoods) with an Outperform rating and Dec-12 TP of PKR64.0, due to its diverse product portfolio catering to different price segments, growing brand equity, growth potential of the industry and the company, improving margins and declining marketing expense as a percentage of sales.

 

·         Even though Efoods started its operation in CY06, in this short time span it has clearly achieved market leadership in UHT industry with a market share of 44% at the end of 2011. It has launched multiple new products including ice cream, flavoured milk etc. that have great growth potential. We expect Efoods to report strong earnings growth in CY12 and beyond, as the company taps into the 92% loose milk market and ventures into other high margin products

 

Leveraging on agriculture economy

·         Being associated with agriculture business through the oldest fertilizer plant in Pakistan, Engro Group decided to tap through Efoods into a business where Pakistan has a competitive advantage. Pakistan’s large milk resource base provides ample opportunity to Efoods to add value to unprocessed milk, and cater to the needs of growing urban economy. By spending heavily on brand building, the company has been able to make inroads in key packaged dairy products that were erstwhile dominated by world leading companies like Nestle and Unilever.

 

Multi product portfolio catering to different segments

·         Simultaneously focusing on low, middle and high income consumers, Efoods operates multiple brands that cater to different price segments. Going forward the company looks set to continue its strategy of increasing volumetric sales in liquid dairy segment (through Dairy Omung and Tarang) while keeping unit margins stable. While in ice cream segment, the focus is on improving volumes as well as margins.

 

Multiples will remain high

·         FMCG sector in general, and Nestle and Unilever in particular, trade at high multiples due to robust growth prospects and low free float. We do not expect Efoods to be any different, as a solid 5 year earnings CAGR of 24% and low free float (10%) will keep multiples high. We do not see intense competition from Nestle as it is focusing more on powdered milk market going forward, and Efoods on liquid milk business.


FS
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 30, 2012, 12:58:21 PM
efood is dangerous now fs said dec 12 tp is 62 so faily placed here i recommend sell my opinion
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on April 30, 2012, 01:24:55 PM
efood is dangerous now fs said dec 12 tp is 62 so faily placed here i recommend sell my opinion

its 64 :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on April 30, 2012, 01:31:18 PM
 :biggrin:

my bad
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on May 01, 2012, 04:41:57 AM
People have been saying sell on this share since Rs. 40. This is one for the long term. Buy it and sleep on it. Sell it after 10 years if you want to. 
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 01, 2012, 12:12:56 PM
u r right mujhelagta hey yeh asani sey 80 tak chala jaye gay
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 01, 2012, 12:19:34 PM
efood ka 70% maal aik big broker key pass hey ishe wajah sey index agar nechey bhi atta hey to is key rate mey kuch farq nahi parta 2007 meh yeh hi game netsol key saath howa tha jo 40rs sey 160 rs tak inhe big broker ki wajha sey howa tha thanks for him in ki tip bohat pak hoti hey  inho ne hey one month back jab efood 40 chal raha tha to is ke dec-12 target price 57 rake the jo ke eik month mey he aa gaye hey bma ney bhi target price 58 dey hey
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on May 02, 2012, 04:23:13 AM
efood ka 70% maal aik big broker key pass hey ishe wajah sey index agar nechey bhi atta hey to is key rate mey kuch farq nahi parta 2007 meh yeh hi game netsol key saath howa tha jo 40rs sey 160 rs tak inhe big broker ki wajha sey howa tha thanks for him in ki tip bohat pak hoti hey  inho ne hey one month back jab efood 40 chal raha tha to is ke dec-12 target price 57 rake the jo ke eik month mey he aa gaye hey bma ney bhi target price 58 dey hey

You may be right, but this is no Netsol.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 02, 2012, 08:48:57 AM
efood ka 70% maal aik big broker key pass hey ishe wajah sey index agar nechey bhi atta hey to is key rate mey kuch farq nahi parta 2007 meh yeh hi game netsol key saath howa tha jo 40rs sey 160 rs tak inhe big broker ki wajha sey howa tha thanks for him in ki tip bohat pak hoti hey  inho ne hey one month back jab efood 40 chal raha tha to is ke dec-12 target price 57 rake the jo ke eik month mey he aa gaye hey bma ney bhi target price 58 dey hey

You may be right, but this is no Netsol.

yes a mighty difference.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Knife on May 03, 2012, 11:38:46 AM
What is happening to EFOODS. Where is it going to stop.
 
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 03, 2012, 11:40:21 AM
What is happening to EFOODS. Where is it going to stop.

no where:P
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on May 03, 2012, 02:17:27 PM
Simply Superb!!


Thanks to Allah Almighty
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on May 03, 2012, 02:30:46 PM
Yaar I bought it on 46 and sold on 48. How stupid of me. I am waiting for it to come down and buy again.
(http://smileys.on-my-web.com/repository/Confused/stupid.gif)
Abb lagta hai Century mara ga yeh.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on May 03, 2012, 04:27:26 PM
bulls are mad at EFOODS
congrats to all those who are holding.
 :goodc:
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on May 03, 2012, 05:00:22 PM
Its the energizer bunny of KSE It keeps going and going and going.......... :clap1: :biggthumpup:

(http://1.bp.blogspot.com/-2a7z-RurRbI/TeKQfU1vgTI/AAAAAAAAAF0/e78nEV2vUuI/s1600/energizer_keep_going_bunny-low_res_iSWT7_28802.jpg)
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 05, 2012, 08:10:43 PM
friends me ney pehley kaha tha ke efoods 80 ho jaye ga is forum me kise ney nahe mana monday ko inshaallah uppe cap 70.25 per khuley ga
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 05, 2012, 08:39:49 PM
electra app ka hua  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 05, 2012, 08:50:20 PM
thanks bhai kuch item aisey hotey hen jo index se nahe chaltey agar efoods next week aap ko 65 tak mila to ley ley ga
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on May 05, 2012, 10:34:54 PM
thanks bhai kuch item aisey hotey hen jo index se nahe chaltey agar efoods next week aap ko 65 tak mila to ley ley ga

@nadeemkhaliq you are the only who is bullish in efoods and given a buy call and I think you are the only one also who bought efoods, You deserve electra more than anybody.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 05, 2012, 10:38:23 PM
thanks bhai kuch item aisey hotey hen jo index se nahe chaltey agar efoods next week aap ko 65 tak mila to ley ley ga

@nadeemkhaliq you are the only who is bullish in efoods and given a buy call and I think you are the only one also who bought efoods, You deserve electra more than anybody.

acha only one??? humy to pta he nai tha :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on May 05, 2012, 10:50:47 PM
thanks bhai kuch item aisey hotey hen jo index se nahe chaltey agar efoods next week aap ko 65 tak mila to ley ley ga

@nadeemkhaliq you are the only who is bullish in efoods and given a buy call and I think you are the only one also who bought efoods, You deserve electra more than anybody.

acha only one??? humy to pta he nai tha :tongue:

bhai nay 1st may 2012 ko pehli post ki hai jis mein kah hai 80 ka ho hogayga , agar previous thread bhai parh leetay to unhein pata chal jata kay is forum par almost sab hi 70-80 or even 100 expect kar rahay hain.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 05, 2012, 10:54:58 PM
thanks bhai kuch item aisey hotey hen jo index se nahe chaltey agar efoods next week aap ko 65 tak mila to ley ley ga

@nadeemkhaliq you are the only who is bullish in efoods and given a buy call and I think you are the only one also who bought efoods, You deserve electra more than anybody.

acha only one??? humy to pta he nai tha :tongue:

bhai nay 1st may 2012 ko pehli post ki hai jis mein kah hai 80 ka ho hogayga , agar previous thread bhai parh leetay to unhein pata chal jata kay is forum par almost sab hi 70-80 or even 100 expect kar rahay hain.

 :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 05, 2012, 11:16:54 PM
lower lock ki series kab shuru ho gee

bara shugal ho gaya hai iss main
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 06, 2012, 01:04:44 AM
lower lock ki series kab shuru ho gee

bara shugal ho gaya hai iss main

lol
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on May 06, 2012, 07:49:56 AM
AKD still has some reserves in this ?? :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on May 06, 2012, 09:17:08 AM
Presently its at the price that it should be after 6 months or so. Many predictions went wrong about it.  Its not following the ratios or book values which must certainly prune its price down. Looks like people are Pleased to pay more for it reckoning its flourishing Future which everyone certainly agrees. Being a consumer based company, it will have Steady sales, steady growth and not uncertainty and sensitivity like cements , Fertelizers, chemicals or even banks stocks which are very prone to fluctuations on external factors and Govt regulations (Countrys Growth ,Gas shortages, Exports import govt regimes  etc). And inflation factor will be amicable for the scrip.
Waiting if it will be available on little discount.. :(
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on May 06, 2012, 10:06:59 AM
Presently its at the price that it should be after 6 months or so. Many predictions went wrong about it.  Its not following the ratios or book values which must certainly prune its price down. Looks like people are Pleased to pay more for it reckoning its flourishing Future which everyone certainly agrees. Being a consumer based company, it will have Steady sales, steady growth and not uncertainty and sensitivity like cements , Fertelizers, chemicals or even banks stocks which are very prone to fluctuations on external factors and Govt regulations (Countrys Growth ,Gas shortages, Exports import govt regimes  etc). And inflation factor will be amicable for the scrip.
Waiting if it will be available on little discount.. :(

Same boat as you, only bot small qty during last dip, when will this discount arrive I need a much larger position in it :(
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 06, 2012, 01:38:01 PM
Potential to go 75-80 in this rally of the scirp.
Bulls to continue inshallah.  then next target wil be above 100...
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on May 06, 2012, 09:12:10 PM
Presently its at the price that it should be after 6 months or so. Many predictions went wrong about it.  Its not following the ratios or book values which must certainly prune its price down. Looks like people are Pleased to pay more for it reckoning its flourishing Future which everyone certainly agrees. Being a consumer based company, it will have Steady sales, steady growth and not uncertainty and sensitivity like cements , Fertelizers, chemicals or even banks stocks which are very prone to fluctuations on external factors and Govt regulations (Countrys Growth ,Gas shortages, Exports import govt regimes  etc). And inflation factor will be amicable for the scrip.
Waiting if it will be available on little discount.. :(

Same boat as you, only bot small qty during last dip, when will this discount arrive I need a much larger position in it :(

Yaar, I told you to start buying when it was in the 40's. Now it might keep going up to around the 70-72 range. Would be good to buy it when there's a correction. But start buying small quantities now.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Valueestimator on May 06, 2012, 10:42:09 PM
Potential to go 75-80 in this rally of the scirp.
Bulls to continue inshallah.  then next target wil be above 100...

what will be after 100.

Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 06, 2012, 11:14:13 PM
Potential to go 75-80 in this rally of the scirp.
Bulls to continue inshallah.  then next target wil be above 100...

what will be after 100.

yar phle 80 yo jany do budds , what will be after 100 ko baad mein dkehngy :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Warren Buffett on May 06, 2012, 11:17:33 PM
the rubberband on this scrip is been stretched alot.it can't go on and on forever.a time will come when the  rubberband will snap and i think we r about there.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 06, 2012, 11:18:51 PM
the rubberband on this scrip is been stretched alot.it can't go on and on forever.a time will come when the  rubberband will snap and i think we r about there.

lol
Title: FCEPL -- formerly Engro Foods Limited
Post by: Warren Buffett on May 06, 2012, 11:32:23 PM
let time be the judge
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 06, 2012, 11:36:19 PM
let time be the judge

time has already been judged and zipped out lots of mouths my bro  :smilestar:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on May 07, 2012, 04:48:50 AM
let time be the judge

time has already been judged and zipped out lots of mouths my bro  :smilestar:
Caution is ORDER OF THE DAY   :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on May 07, 2012, 05:55:00 AM
No doubt that the stock is due for a correction, which is healthy, but there is no denying that this is a growth stock that has huge potential.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on May 07, 2012, 09:07:26 AM
No doubt that the stock is due for a correction, which is healthy, but there is no denying that this is a growth stock that has huge potential.
Thats right
Title: FCEPL -- formerly Engro Foods Limited
Post by: Aun on May 08, 2012, 10:37:43 AM
Market is negative but foods upper locked again!! Thinking about taking a little risk here...
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 08, 2012, 11:29:05 AM
 :shock:`
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 08, 2012, 06:43:29 PM
Asalam o elekum Bhayo Me ney jab apni pehly post 01-05-12 ko lekhey to is mey kaha key efoods 80rs ho jaye ga aaj ek haftey mey yeh 73.65 per pohanj gaye mey yeh sabit nahe karna chahta tha key me bohat intellegent ho bal key ek jo mera dhehan ban raha tha me ney likh deya ku key 30-04-12 ko is mey sale call ka likha tha farzook bhai ney jis ne bhi agar mere post parh key 500 bhi efoods liya ho ga woh mere liya dua hi kara ga leken is forum me logo ne is ka bora mana our kaha hum to 40ra me buying call dey rahey the mera un sey yeh sawal hey aap ney 40 rs mey kitney liya aur kitna hold kiya mey kafi masroof hota hoon leken mey shares ka parttime kaam 25 saal sey kar raha hoon aur apne aap ko bilkal new comer samajhta hoon phir bhi allah ka shukar hey ke me ne effods ke jo 80rs ka likha aur is ko 2007 key netsol ki mishal bhi dey agar logo ne is ka bura mana to mey mazrat chahta hoon thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 08, 2012, 06:56:20 PM
efoods aaala run hai

neechay bhi issi speed say aye ga  :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ashar on May 08, 2012, 07:12:42 PM
efoods aaala run hai

neechay bhi issi speed say aye ga  :fingerscrossed1:

Presently flying after taking off. Landing is yet far away
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 08, 2012, 08:16:37 PM
efoods aaala run hai

neechay bhi issi speed say aye ga  :fingerscrossed1:

lolz
Title: FCEPL -- formerly Engro Foods Limited
Post by: hammad01 on May 09, 2012, 10:11:31 AM
The way efoods is caping with comparatively less shares traded is giving an impression of false inflation and trap. I dont know what people thinks, but low volumes and upper cap is making me nervous. :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Husrat Mehmood on May 09, 2012, 10:42:51 AM
 Everybody have its own reviews about it but i suggest you to hold it without any tension.Its is on its way towards 100+.Shortage of shares and upper cap is an indication of its target price 100+
Title: FCEPL -- formerly Engro Foods Limited
Post by: Saeed Muhammad on May 09, 2012, 10:49:14 AM
EFOODS 500 pe jaye ga
Title: FCEPL -- formerly Engro Foods Limited
Post by: decentshaw on May 09, 2012, 11:10:38 AM
The way efoods is caping with comparatively less shares traded is giving an impression of false inflation and trap. I dont know what people thinks, but low volumes and upper cap is making me nervous. :skeptic:
No trap , Sellers are not willing to sell but buyers are dying to buy at any cost so thats y low volumes. century maray ga.
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on May 09, 2012, 11:47:32 AM
EFOODS 500 pe jaye ga

Is waqt to agar aap kaho gay kay 1000000000000 pay jay ga to shaid sab man gain lock go hai  :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Saeed Muhammad on May 09, 2012, 11:54:18 AM
500 he kafi hao filhal....Ho skta hai yahan tak bhi pohnch jaye agar Pakistan ka haal Zimbabwe jisya ho jay tu
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 09, 2012, 11:56:05 AM
mindlblowing performance

ride of a life time for its holders, now the windfall has resulted in engro getting a boost

its reflected on ENGRO as well being the holding company this rally in engro is thanks to stellar performance of efoods i think, fertilizer biz in no longer driving force for engro it seems
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 09, 2012, 01:38:08 PM
EFOODS 500 pe jaye ga

Is waqt to agar aap kaho gay kay 1000000000000 pay jay ga to shaid sab man gain lock go hai  :tongue:

sir ap itni tension na len :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 09, 2012, 01:40:25 PM
Everybody have its own reviews about it but i suggest you to hold it without any tension.Its is on its way towards 100+.Shortage of shares and upper cap is an indication of its target price 100+

good.
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on May 09, 2012, 01:59:12 PM
EFOODS 500 pe jaye ga

Is waqt to agar aap kaho gay kay 1000000000000 pay jay ga to shaid sab man gain lock go hai  :tongue:

sir ap itni tension na len :tongue:

no tension dear.

I still have 25k left . don't have the courage to sell  :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 09, 2012, 02:13:22 PM
EFOODS 500 pe jaye ga

Is waqt to agar aap kaho gay kay 1000000000000 pay jay ga to shaid sab man gain lock go hai  :tongue:

sir ap itni tension na len :tongue:

no tension dear.

I still have 25k left . don't have the courage to sell  :tongue:

phr hold keren and enjoy the ride sirl  ;) or wait for your target n get profit.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on May 09, 2012, 09:38:04 PM
Nestle raises dairy prices; Efoods to follow suit
Event
? Nestle Pakistan Limited has raised its milk prices by 12.5% on May 08, 2012.
Efoods is expected to follow suit. We also review 1QCY12 results in which
Efoods reported earnings of PKR486mn (PKR0.65/share), up 314% YoY, and
top line of PKR9.7bn (up 52% YoY).

Impact
? Nestle raises liquid dairy prices by 12.5%: Nestle has raised its dairy milk
prices by PKR10/litre (12.5% on litre pack) on May 08, 2012, higher than
increase in loose milk prices seen in the recent months. This is simply
because loose milk prices are expected to increase further amid lean period,
which starts from late April and lasts till August. During this period, milk supply
reduces to almost half of flush period’s volumes, owing to reduction in animal
yield and increase in wastages amid higher temperature. Therefore, increase
in packaged liquid dairy prices outpaced loose milk prices on anticipation of
further jump in loose milk prices during the remaining period of lean period.
Moreover, during summer period, cost to keep milk fresh also increases
primarily due to higher temperature, resulting in increased expenditure on milk
chillers.
? Efoods to follow suit: Efoods will likely follow suit as it normally keeps prices
of its flagship product “Olpers” at par with Nestle’s “Milk Pak”. Taking into
account the rise in cost side pressures (raw milk price increase, rising in
chilling and packing cost), we have increased our margin assumption by
PKR2.25/liter. Incorporating the revised prices into our model results in 18%
increase in our CY12 earnings estimates.
? We have not made any change in ice cream segment prices as we await any
development from Efoods or Unilever. However, we do not foresee any major
change in ice cream prices by Unilever, since Unilever’s Walls, being frozen
dessert, is largely immune to milk prices, and Efoods is also gradually shifting
towards frozen dessert.
? Higher volumes and prices in dairy segment propels 1QCY12 top line by
52%: Company reported net sales of PKR9.7bn during 1QCY12, registering a
growth of 52% YoY. This growth in revenue was primarily driven by DJ
segment whose revenue enhanced by 58% YoY on the back of 39% YoY
growth in volume coupled with higher product prices. Company market share
in UHT segment remained intact at 44% during 1Q.
? Prolonged winter dented ice cream volumes and margins: During
1QCY12, ice cream segment reported 7% YoY decline revenue, while the
volumetric sale dropped by 19%. This was primarily due to extended winter
season. However, ice cream volumes are expected to pick up during 2Q which
is the peak ice cream consumption quarter.
? Margin continuing its upward trend: During 1QCY12, company’s gross
margin improved to 23.34% from 21.65% in 1QCY11. Growth in margin is
mainly attributed to higher economies of scale and improving product mix.
Similarly, EBITDA margin witnessed a significant expansion as 1QCY12
EBITDA margin clocked in at 12.7%, which is way higher than 9%, registered during same period last year. The primary reason for increase in EBITDA margin is higher gross margin and lower operating cost ratio (likely due to lower marketing/sales ratio). Earnings Revision
? Incorporating the rise in milk prices we have revised upwards our CY12, CY13 and CY14 earnings by 18%, 23% and 18% respectively.

Price catalyst
? Dec-12 price target: PKR76.89/share.
? Catalyst: Introduction of new products, volumetric increase and margins improvement.
Action and recommendation
? Incorporation of revised liquid dairy prices, we have upwards revised our Dec-12 target price by 20% to PKR76.89. However, at the last closing price the scrip offers an upside of 4%, thus we have now Neutral stance for Efoods.

Investment fundamentals
Year end 30 Dec2011A2012E2013E2014E
Total revenuem29,859 42,259 55,713 71,235
EBITm2,412 4,113 6,490 8,990
EBIT Growth%n.a70.5 57.8 38.5
Recurring Profitm891 2,004 3,393 5,092
Reported Profitm891 2,004 3,393 5,092
EPS repRs1.2 2.7 4.5 6.8
EPS rep growth%n.a124.9 69.3 50.1
EPS recRs1.2 2.7 4.5 6.8
EPS rec growth%n.a124.9 69.3 50.1
PE repx62.1 27.6 16.3 10.9
PE recx62.1 27.6 16.3 10.9
Total DPSRs- - - -
Total div yiel%- - - -
ROA%6.1 9.8 12.6 16.0
ROE%14.4 24.3 31.0 33.5
EV/EBITDAx13.0 9.0 5.8 4.1
Net debt/equityx38.3 44.5 34.9 24.6
Price/bookx5.2 4.1 3.0 2.1

fs
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on May 09, 2012, 10:33:41 PM
I think foreigners have also heavily bought efoods in recent days and will hold it. If it is so then there will be low volumes in efoods in day trades  :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on May 10, 2012, 04:22:43 AM
I dont' think anyone's selling it anymore. People don't want to sell it now, even if it comes down, which I think it will.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Warren Buffett on May 10, 2012, 09:42:35 AM
the rubberband on this scrip is been stretched alot.it can't go on and on forever.a time will come when the  rubberband will snap and i think we r about there.

lol

it is my time to have a laugh now
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 10, 2012, 09:45:49 AM
the rubberband on this scrip is been stretched alot.it can't go on and on forever.a time will come when the  rubberband will snap and i think we r about there.

lol

it is my time to have a laugh now

lol again at you buuds :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 10, 2012, 09:47:25 AM
efoods aaala run hai

neechay bhi issi speed say aye ga  :fingerscrossed1:

 :biggthumpup: when to buy if so
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on May 10, 2012, 09:51:45 AM
subha subha lower lock ...  :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Warren Buffett on May 10, 2012, 09:52:58 AM
efoods aaala run hai

neechay bhi issi speed say aye ga  :fingerscrossed1:

 :biggthumpup: when to buy if so

100 % correct   :banana:   :clap1:   :thumbsup_anim:   :shoaby:
Title: FCEPL -- formerly Engro Foods Limited
Post by: naveed on May 10, 2012, 07:14:54 PM
the big question is, why an how it went down from 81 to 73 within 10 minutes in the morning
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 10, 2012, 07:18:26 PM
efoods aaala run hai

neechay bhi issi speed say aye ga  :fingerscrossed1:

 :biggthumpup: when to buy if so

100 % correct   :banana:   :clap1:   :thumbsup_anim:   :shoaby:

correction kia hogaye sb nikal pary hen :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on May 10, 2012, 08:24:11 PM
I dont' think anyone's selling it anymore. People don't want to sell it now, even if it comes down, which I think it will.

Momo, finally maybe an opportunity for me and others who missed the train. I have total faith in EFOODS, just want to get in at a good price which this correction may provide.

I am not just an opportunist I am also a holder I just want a bigger chunk of the EFOODS pie  at lower premiums.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Kamran Tahir on May 10, 2012, 09:48:39 PM
Dear All,

I am new in KSE. after watching EFOODS from couple of weeks today i purchased 2500 EFOODS at 73.45 but i seeing that it will rise but it was its lower lock, can u guys advise what should i do now?
Title: FCEPL -- formerly Engro Foods Limited
Post by: ras.soft on May 10, 2012, 10:29:03 PM
I dont' think anyone's selling it anymore. People don't want to sell it now, even if it comes down, which I think it will.

Momo, finally maybe an opportunity for me and others who missed the train. I have total faith in EFOODS, just want to get in at a good price which this correction may provide.

I am not just an opportunist I am also a holder I just want a bigger chunk of the EFOODS pie  at lower premiums.

sold my 25k efoods average @74.7. I have a wonderful time with this share, wish you best of luck other holding this share.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 10, 2012, 11:54:45 PM
Dear All,

I am new in KSE. after watching EFOODS from couple of weeks today i purchased 2500 EFOODS at 73.45 but i seeing that it will rise but it was its lower lock, can u guys advise what should i do now?

u are screwed bro

sell
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on May 10, 2012, 11:59:33 PM
Dear All,

I am new in KSE. after watching EFOODS from couple of weeks today i purchased 2500 EFOODS at 73.45 but i seeing that it will rise but it was its lower lock, can u guys advise what should i do now?

u are screwed bro

sell

yar atay he dmaka karwa dia efoods ka.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 11, 2012, 12:01:01 AM
 :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on May 11, 2012, 12:01:25 AM
Dear All,

I am new in KSE. after watching EFOODS from couple of weeks today i purchased 2500 EFOODS at 73.45 but i seeing that it will rise but it was its lower lock, can u guys advise what should i do now?
hota hay mera bhi , eesay kamo mai esa hota hay. :console:
better to sell half. if goes up remaining will gave u profit and if goes down "buy back " of sold portion will bring ur cost down.   ;)
just a suggestion, do whatever u think is good for u.  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 11, 2012, 12:02:19 AM
sell sell sell
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on May 11, 2012, 12:08:40 AM
sell sell sell
007 honestly "a very good idea" to sell all.
the only problem is that if it goes up then "janta" will blame u and me.  :confused1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on May 11, 2012, 12:25:32 AM
posted by mistake. sorry.
i thought sm1 wrote this post in ffc.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on May 11, 2012, 12:30:46 AM
sell sell sell
007 honestly "a very good idea" to sell all.
the only problem is that if it goes up then "janta" will blame u and me.  :confused1:

if every one of us janta is the seller who will be the buyer funds. No blank sale please. Sale zroor karian laiken dehan se
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 11, 2012, 03:47:01 AM
It has trebled what more u ppl want  :brickwall:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Kamran Tahir on May 11, 2012, 07:57:45 AM
Thanks for your advises.
Plz guide wch script is to be purchased for short term investment?
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on May 11, 2012, 08:58:22 AM
only only cements. FCC: DGKC Luck LPCl if you others WTCL
Title: FCEPL -- formerly Engro Foods Limited
Post by: Warren Buffett on May 11, 2012, 09:21:46 AM
the rubberband on this scrip is been stretched alot.it can't go on and on forever.a time will come when the  rubberband will snap and i think we r about there.

lol

i am lovin it and laughing  :clap1:  :clap1:  :clap1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on May 11, 2012, 09:34:43 AM
What's funny is that everyone here is laughing about a share falling down. This share has more than tripled, and people are saying "I told you so" because it has falled 10%-12%. Big deal. This is a buying opportunity. I would start nibbling at it. Start buying small chunks now; that's what I would do.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 11, 2012, 09:35:33 AM
It has trebled what more u ppl want  :brickwall:

NO 2
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 11, 2012, 09:49:43 AM
What's funny is that everyone here is laughing about a share falling down. This share has more than tripled, and people are saying "I told you so" because it has falled 10%-12%. Big deal. This is a buying opportunity. I would start nibbling at it. Start buying small chunks now; that's what I would do.

yar budds let them laugh na... hanso aur hanso.... :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Saeed Muhammad on May 11, 2012, 10:16:35 AM
I still stand 500/- pe jaye ga
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmer_1001 on May 11, 2012, 10:17:17 AM
Dear all
I am new to the market. in excitement i bought Efoods 2500 @ 79  :down:. plz advice what should i do now
Title: FCEPL -- formerly Engro Foods Limited
Post by: Warren Buffett on May 11, 2012, 10:20:19 AM
I still stand 500/- pe jaye ga

ya sure but then the cost of 1 litre omore milk would be rs.700
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on May 11, 2012, 10:31:59 AM
if sbp keeps printing money chala bhi jae ga ...   :laugh:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 11, 2012, 10:41:42 AM
Dear all
I am new to the market. in excitement i bought Efoods 2500 @ 79  :down:. plz advice what should i do now

do not panic.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Daftari on May 11, 2012, 02:02:35 PM
I still stand 500/- pe jaye ga

ya sure but then the cost of 1 litre omore milk would be rs.700

Sir this time I am laughing around, there is nothing such as omore milk in Engro Foods curremt portfolio, I wonder where you bought it from!  :rtfm:  :laugh:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on May 11, 2012, 02:05:11 PM
I still stand 500/- pe jaye ga

ya sure but then the cost of 1 litre omore milk would be rs.700

Sir this time I am laughing around, there is nothing such as omore milk in Engro Foods curremt portfolio, I wonder where you bought it from!  :rtfm:  :laugh:

i think the milk name is omang
Title: FCEPL -- formerly Engro Foods Limited
Post by: malikk on May 11, 2012, 02:29:02 PM
I still stand 500/- pe jaye ga
ya sure but then the cost of 1 litre omore milk would be rs.700
Sir this time I am laughing around, there is nothing such as omore milk in Engro Foods curremt portfolio, I wonder where you bought it from!  :rtfm:  :laugh:
hahahahahaha , i think its available in kaarkhaano market peshawar  :laugh: :laugh:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 11, 2012, 02:37:32 PM
I still stand 500/- pe jaye ga

ya sure but then the cost of 1 litre omore milk would be rs.700

isi lye kehty hen jab na pta ho to kum he bolna chye,

yar ab jaali warren buffet to esa hi hoga china ka wareen buffet :bangin: :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hassan_Ali_Khan on May 11, 2012, 06:14:34 PM
sab ko mana kia tha maat BUY kero jab lower cap open howa tha.... again awam ko pahna dia high rate per.... 50 touch karaga efoods
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 11, 2012, 07:13:37 PM
sab ko mana kia tha maat BUY kero jab lower cap open howa tha.... again awam ko pahna dia high rate per.... 50 touch karaga efoods

hassan budds, masla sirf itna hey k angoor khatty hen :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmer_1001 on May 11, 2012, 07:53:36 PM
Seniors plz Advice me wat to do? :down:.  I bought efoods @ PKR 79 qty 2500/- and now it is daily lower lock. I can only hold it for a month max. should i offload all now or wait for some time. Any chances it touches PKR 100/- in the next month or so?  :fingerscrossed1: 
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmer_1001 on May 11, 2012, 07:56:02 PM
Will fatima reach 30/- there are so many rumors around
tht it will progress this yr. :confused1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on May 11, 2012, 07:58:41 PM
Nothing can say any thing. First of all dont buy with any one else fund. It can touch 90. by the december end, however, player can move it any side, fundamentally it is good stock. But the rise is so sharp and correction was immenent. IN my opinion you have to sold half of your holding next day. Baqi Allah knows better.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Koolfire on May 11, 2012, 09:56:01 PM
at wat price fresh buying suggested?
Title: FCEPL -- formerly Engro Foods Limited
Post by: hisham on May 11, 2012, 10:10:27 PM
@Koolfire, you can start buying when the lower lock breaks... which I hope is below 60  :biggrin:
As everyone is saying, december mein 80 tau must hai!
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 11, 2012, 11:48:19 PM
Year lower lock tou khulanay do

Title: FCEPL -- formerly Engro Foods Limited
Post by: Dr. Economist on May 14, 2012, 01:51:46 AM
Dear all
I am new to the market. in excitement i bought Efoods 2500 @ 79  :down:. plz advice what should i do now

Don't worry. Just wait. It will recover again, but will take some time. So relax!  :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on May 14, 2012, 09:58:56 AM
The benefits of business with a large food company
By Our Correspondent

Published: May 14, 2012

 SUPPLIERS: 15,000 is the number of small farmers from whom Engro buys milk daily.

KARACHI: Have you ever wondered where the milk in packaged dairy products comes from? In case you assumed that big food companies maintained their own dairy farms that generated thousands of litres of milk daily and remained insulated from fluctuations in open market rates, you are wide of the mark.
 
In fact, only 5% of about 1.2 million litres of milk that Engro Foods collects every day for its dairy segment during the flush season – from January to April each year when fodder is available in abundance and milk production is high – comes from its own corporate farm located in Sukkur.
 
The rest of the milk supplies during the flush season and the summer, when milk production drops by roughly 50%, comes from about 15,000 small farmers scattered between Sanghar and Jhang districts, an area of 135,000 square kilometres.
 
Streamlined under Engro Milk Automation Network (EMAN), Engro Foods maintains a sales force of 1,500 people across 1,200 villages in Sindh and Punjab. They collect milk, mostly in small quantities, from farmers between 6:00am and 9:30am every day, which is then transported for further processing.
 
But why would a villager with just a few cattle sell the excess quantity of milk to Engro Foods instead of the traditional milk contractors known as dodhis?
 
According to Aamir Khawas, who works as head of milk procurement and agri services at Engro Foods, doing business with a large food company offers small farmers a number of benefits. “Animals are susceptible to diseases. Our network of veterinarians ensures sick animals receive immediate treatment. That’s a benefit no traditional milk contractor can offer,” he said.
 
Moreover, the moment a farmer sells milk to an Engro representative, in whatever small quantity, the transaction is recorded electronically in a centralised database by swiping the EMAN card that each of the 15,000 suppliers carries.
 
The availability of real-time data ensures that money is transferred to the farmer the day the transaction takes place. This is in contrast to the past practice of issuing receipts on paper that took at least a week before a transaction was recorded and payment processed.
 
In addition, Engro’s advisory service helps farmers increase milk production. “There’re two ways for a farmer to increase his revenue. If he gets Rs41 instead of Rs40 per litre, his revenue increases by Re1. But if the milk output increases by one litre, his revenue increases by Rs40. We help him do the latter,” Khawas said.
 
So how does Engro ensure that the milk is pure? “It’s very easy. We pay farmers not on the litres of milk they bring to us. Rather, the basis of payment is total solid contents of the milk,” he said, explaining that milk consists of three things – water, fat and solid non-fat (SNF). Total solid contents are the sum of fat and SNF.
 
“It’s hard to adulterate when the quantity is low. So no matter how much water you add, the solid contents can easily be determined by running a few tests,” he said.
 
A total of 13 tests are carried out when a farmer hands over milk to an Engro representative. It is picked up from there by an Engro van that carries out another 20 tests on the collected milk. It then reaches the regional office where 30 more tests are done to check its quality. Eventually, milk is taken to the Engro plant where the final 40 tests take place before it is processed, packaged and dispatched to the retail market.
 
With the demand of milk increasing by 15% annually and supply rising by just 2% a year in Pakistan, the dairy sector looks like a heaven for investment. The Sukkur farm of Engro Foods has already grown 10 times since its inception with about 3,000 cows. “Yet we’re looking for a major expansion in the near future.”
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on May 14, 2012, 10:23:55 AM
again lower lock .. efoods has been brutal coming down ..   any suggestions where it will stop ? when to enter ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 14, 2012, 10:25:15 AM
The benefits of business with a large food company
By Our Correspondent

Published: May 14, 2012

 SUPPLIERS: 15,000 is the number of small farmers from whom Engro buys milk daily.

KARACHI: Have you ever wondered where the milk in packaged dairy products comes from? In case you assumed that big food companies maintained their own dairy farms that generated thousands of litres of milk daily and remained insulated from fluctuations in open market rates, you are wide of the mark.
 
In fact, only 5% of about 1.2 million litres of milk that Engro Foods collects every day for its dairy segment during the flush season – from January to April each year when fodder is available in abundance and milk production is high – comes from its own corporate farm located in Sukkur.
 
The rest of the milk supplies during the flush season and the summer, when milk production drops by roughly 50%, comes from about 15,000 small farmers scattered between Sanghar and Jhang districts, an area of 135,000 square kilometres.
 
Streamlined under Engro Milk Automation Network (EMAN), Engro Foods maintains a sales force of 1,500 people across 1,200 villages in Sindh and Punjab. They collect milk, mostly in small quantities, from farmers between 6:00am and 9:30am every day, which is then transported for further processing.
 
But why would a villager with just a few cattle sell the excess quantity of milk to Engro Foods instead of the traditional milk contractors known as dodhis?
 
According to Aamir Khawas, who works as head of milk procurement and agri services at Engro Foods, doing business with a large food company offers small farmers a number of benefits. “Animals are susceptible to diseases. Our network of veterinarians ensures sick animals receive immediate treatment. That’s a benefit no traditional milk contractor can offer,” he said.
 
Moreover, the moment a farmer sells milk to an Engro representative, in whatever small quantity, the transaction is recorded electronically in a centralised database by swiping the EMAN card that each of the 15,000 suppliers carries.
 
The availability of real-time data ensures that money is transferred to the farmer the day the transaction takes place. This is in contrast to the past practice of issuing receipts on paper that took at least a week before a transaction was recorded and payment processed.
 
In addition, Engro’s advisory service helps farmers increase milk production. “There’re two ways for a farmer to increase his revenue. If he gets Rs41 instead of Rs40 per litre, his revenue increases by Re1. But if the milk output increases by one litre, his revenue increases by Rs40. We help him do the latter,” Khawas said.
 
So how does Engro ensure that the milk is pure? “It’s very easy. We pay farmers not on the litres of milk they bring to us. Rather, the basis of payment is total solid contents of the milk,” he said, explaining that milk consists of three things – water, fat and solid non-fat (SNF). Total solid contents are the sum of fat and SNF.
 
“It’s hard to adulterate when the quantity is low. So no matter how much water you add, the solid contents can easily be determined by running a few tests,” he said.
 
A total of 13 tests are carried out when a farmer hands over milk to an Engro representative. It is picked up from there by an Engro van that carries out another 20 tests on the collected milk. It then reaches the regional office where 30 more tests are done to check its quality. Eventually, milk is taken to the Engro plant where the final 40 tests take place before it is processed, packaged and dispatched to the retail market.
 
With the demand of milk increasing by 15% annually and supply rising by just 2% a year in Pakistan, the dairy sector looks like a heaven for investment. The Sukkur farm of Engro Foods has already grown 10 times since its inception with about 3,000 cows. “Yet we’re looking for a major expansion in the near future.”


hmm nice share dude.
Title: FCEPL -- formerly Engro Foods Limited
Post by: hammad01 on May 14, 2012, 10:44:54 AM
Farzooq bhai and all seniors plz guide me!
i have bought 4000 shares of efoods at 76 still holding, should i sold them at lower lock and book loss or wait. Is there any chance it can get back to 76. I can hold for couple of months or more but my major liquidity is in it. Iam very much confused thankful for your advice. :confused1: :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 14, 2012, 10:51:56 AM
It has trebled what more u ppl want  :brickwall:

NO 4
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 14, 2012, 11:01:54 AM
Farzooq bhai and all seniors plz guide me!
i have bought 4000 shares of efoods at 76 still holding, should i sold them at lower lock and book loss or wait. Is there any chance it can get back to 76. I can hold for couple of months or more but my major liquidity is in it. Iam very much confused thankful for your advice. :confused1: :console:

holddddddd
Title: FCEPL -- formerly Engro Foods Limited
Post by: hammad01 on May 14, 2012, 01:35:51 PM
I dont know, but my gut feeling is there is some game going on efoods? Am i right, is there any brokerage firm buying efoods. The way first it shoots up with low volume and the way it comes down with the low volume. Whats going on? Yet i dont know  :confused1: :smilestar:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 14, 2012, 01:54:55 PM
join the club bro
Title: FCEPL -- formerly Engro Foods Limited
Post by: Warren Buffett on May 14, 2012, 02:23:27 PM
the rubberband on this scrip is been stretched alot.it can't go on and on forever.a time will come when the  rubberband will snap and i think we r about there.

lol

i am sure now u r COL  (crying out loud) 
i am lovin it  :bangin:  :bangin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: SONA on May 14, 2012, 02:29:00 PM
Bro how i join the club?
Title: FCEPL -- formerly Engro Foods Limited
Post by: SONA on May 14, 2012, 02:29:10 PM
Bro how i join the club?
Title: FCEPL -- formerly Engro Foods Limited
Post by: hammad01 on May 14, 2012, 02:37:13 PM
As a junior member, iam most disappointed to see people getting enjoyment and liking, making fun of people losses. I have been seeing people taking comments personally espceially for ENGRO and ENGRO FOODS. What if ENGRO touch 100 or 140, or EFFODS 50 OR 100 every one should have its say and opinion thats it. No one should try to laugh, enjoy and making fun of any ones prediction. First of all no one and I QUOTE "no one in this world can predict with surity". We all make guess based on our knowledge and understanding, we should be happy about our success of predictions but should not behave like this. Iam sorry if i hurt any one, i havent specify or sideline any one, but i should suggest there are atlest 5-10 posts in couple of days that are ..... Please .... I assume the purpose of this forum is to help small investors.  :thanks:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 14, 2012, 02:40:54 PM
you are spamming junior member
Title: FCEPL -- formerly Engro Foods Limited
Post by: hammad01 on May 14, 2012, 02:43:13 PM
Spamming? i didnt get bro? i am sorry if you take my intentions wrong. I only wrote this because i feel like that
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 14, 2012, 02:46:40 PM
pasting same post all over the place is called spamming keep your thoughts on the scrip

or complain to admin  :rtfm:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Warren Buffett on May 14, 2012, 02:55:56 PM
I still stand 500/- pe jaye ga

ya sure but then the cost of 1 litre omore milk would be rs.700

isi lye kehty hen jab na pta ho to kum he bolna chye,

yar ab jaali warren buffet to esa hi hoga china ka wareen buffet :bangin: :tongue:
some people think that they can ridicule any body's views just because thy think think that only they r right.please view the above example. i just expressed my views if u dont agree then fine but u have no right to ridicule my views.i hope the admin takes note.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 14, 2012, 03:24:18 PM
warren buffet and ras.soft are same person i belive

admin check into it same type of BS being posted every where
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 14, 2012, 03:25:24 PM
I still stand 500/- pe jaye ga

ya sure but then the cost of 1 litre omore milk would be rs.700

isi lye kehty hen jab na pta ho to kum he bolna chye,

yar ab jaali warren buffet to esa hi hoga china ka wareen buffet :bangin: :tongue:
some people think that they can ridicule any body's views just because thy think think that only they r right.please view the above example. i just expressed my views if u dont agree then fine but u have no right to ridicule my views.i hope the admin takes note.

my dearest friend, your view i respect, but "ya sure but then the cost of 1 litre omore milk would be rs.700"

 There is not such thing as, "omore milk" in efoods product better think before deliver that's just what i pointed out :rtfm:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 14, 2012, 03:26:24 PM
warren buffet and ras.soft are same person i belive

admin check into it same type of BS being posted every where

oppss fake id's?
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 14, 2012, 03:28:49 PM
yes same guy using multiple ID probably just yanking our chain

Admin check karo aur delete karoo bogus accounts!!
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on May 14, 2012, 03:33:48 PM
yes same guy using multiple ID probably just yanking our chain

Admin check karo aur delete karoo bogus accounts!!
warren buffet and ra_soft same person. fake id 100%
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on May 14, 2012, 03:41:26 PM
yes same guy using multiple ID probably just yanking our chain

Admin check karo aur delete karoo bogus accounts!!
warren buffet and ra_soft same person. fake id 100%

no they are not and everyone is free to share his/her views
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on May 14, 2012, 03:47:08 PM
yes same guy using multiple ID probably just yanking our chain

Admin check karo aur delete karoo bogus accounts!!
warren buffet and ra_soft same person. fake id 100%

no they are not and everyone is free to share his/her views
sorry farooq bhai.
the way they talk is same that's why i got doubt.
farooq bhai the only thing we want is that no1 should target any1.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on May 14, 2012, 03:48:35 PM
yes same guy using multiple ID probably just yanking our chain

Admin check karo aur delete karoo bogus accounts!!
warren buffet and ra_soft same person. fake id 100%

no they are not and everyone is free to share his/her views
sorry farooq bhai.
they way they talk is same that's why i got doubt.
farooq bhai the only thing we want is that no1 should target any1.

yes everyone should focus on the market
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on May 14, 2012, 07:20:22 PM
As a junior member, iam most disappointed to see people getting enjoyment and liking, making fun of people losses. I have been seeing people taking comments personally espceially for ENGRO and ENGRO FOODS. What if ENGRO touch 100 or 140, or EFFODS 50 OR 100 every one should have its say and opinion thats it. No one should try to laugh, enjoy and making fun of any ones prediction. First of all no one and I QUOTE "no one in this world can predict with surity". We all make guess based on our knowledge and understanding, we should be happy about our success of predictions but should not behave like this. Iam sorry if i hurt any one, i havent specify or sideline any one, but i should suggest there are atlest 5-10 posts in couple of days that are ..... Please .... I assume the purpose of this forum is to help small investors.  :thanks:

Brother, first of all you made a mistake of buying at this rate .... You should have read the comments of senior members about Efoods in this forum... I think None of them suggested buying efoods at this much high rate.

Now you have bought and it is coming down. This is because there is big satta in it and people have so far manipulated this share price. If i was at your place i would have booked loss at the first or second day of buying because i usually book loss if i see a trade has gown wrong in my view.

If you can hold this item for 8-10 months then  i am hopeful that this will come up again and you can exit without loss(Satta players can manipulate it again).

Other option is yours that you can sell here and wait for it to come down and again buy in dip. Choice is yours...
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 14, 2012, 07:22:52 PM
one more lock
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 14, 2012, 07:25:40 PM
As a junior member, iam most disappointed to see people getting enjoyment and liking, making fun of people losses. I have been seeing people taking comments personally espceially for ENGRO and ENGRO FOODS. What if ENGRO touch 100 or 140, or EFFODS 50 OR 100 every one should have its say and opinion thats it. No one should try to laugh, enjoy and making fun of any ones prediction. First of all no one and I QUOTE "no one in this world can predict with surity". We all make guess based on our knowledge and understanding, we should be happy about our success of predictions but should not behave like this. Iam sorry if i hurt any one, i havent specify or sideline any one, but i should suggest there are atlest 5-10 posts in couple of days that are ..... Please .... I assume the purpose of this forum is to help small investors.  :thanks:

Brother, first of all you made a mistake of buying at this rate .... You should have read the comments of senior members about Efoods in this forum... I think None of them suggested buying efoods at this much high rate.

Now you have bought and it is coming down. This is because there is big satta in it and people have so far manipulated this share price. If i was at your place i would have booked loss at the first or second day of buying because i usually book loss if i see a trade has gown wrong in my view.

If you can hold this item for 8-10 months then  i am hopeful that this will come up again and you can exit without loss(Satta players can manipulate it again).

Other option is yours that you can sell here and wait for it to come down and again buy in dip. Choice is yours...

@hammad brother, ho jata hey , if you have bought quite expensive its ok now do not panic just keep a hold.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 14, 2012, 07:29:44 PM
not easy to control nerves with diminishing portfolio it is like a stab to the heart.

EFOODS is good item potential to become next uniliver or Nestle. I am rooting for a good bashing cause i want in at cheaper rates.

Recent rally was artifically sponsored but sooner than latter it will cross these rates easy.

Bus 55 kar do ik bar issay  :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hassan_Ali_Khan on May 14, 2012, 09:39:06 PM
Dont worry abi tu ye 50 per b aega ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on May 14, 2012, 10:36:06 PM
Dont worry abi tu ye 50 per b aega ;)

Bhai aj sub negative news khatum ho gain aor un ka effet be khatum ho gia hay. Ye aur ziada floor nahin mar sakta. ziada se ziad aik ya do bus. Kal clear ho jai ga. aj b bolume 4.6 M that. Ag agar itna volume lag gia to lock nahin reh sukay ga.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hassan_Ali_Khan on May 15, 2012, 12:24:05 AM
yar 3 - 4 lock tu lagty hain...may be on friday it will not close on lower lock...
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 15, 2012, 12:28:02 AM
 :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on May 15, 2012, 12:29:15 AM
:banana:
jin ke entry 81 p hay un k liay :brickwall: :bangin: :brickwall: :bangin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hassan_Ali_Khan on May 15, 2012, 12:51:07 AM
Awam ko maal upper lock per he pahnaty hain.....aur awam bht shok sai layti hai..... lower lock per bht kam log buy kerty hain normal situation mai...
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 15, 2012, 12:53:16 AM
No awam will going to buy this time too..... :tongue:
But except those who doesn't exaggerate/dream out..
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on May 15, 2012, 08:47:36 AM
Good share player want to buy it again at lower price. Unless buyers of RS 81 sell there shares the shall continue,

Its my opinion, may be I am wrong. :console: :console: :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: junaidph on May 15, 2012, 08:55:36 AM
Ye share bohat zaleel ker sakta hay better to avoid it to save ur hard earned money , ek do din upper cap story bhi a sakti hay to attract people but better to stay away from it unless comes in 50's again
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on May 15, 2012, 09:07:18 AM
No doubt that the stock is due for a correction, which is healthy, but there is no denying that this is a growth stock that has huge potential.

Please don't be surprised that the stock is coming down. It was due for a correction. Everyone knew that. Nothing goes up forever. Good time to start buying in small chunks. A year from now, Rs. 60 will look like a bargain...
Title: FCEPL -- formerly Engro Foods Limited
Post by: aalam on May 15, 2012, 09:48:44 AM
Buy.......... :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Saeed Muhammad on May 15, 2012, 09:59:17 AM
Any reason
Title: FCEPL -- formerly Engro Foods Limited
Post by: Saeed Muhammad on May 15, 2012, 12:54:34 PM
bought at 65 and sold at 63 coz of this reason  :bangin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 15, 2012, 02:07:14 PM
bought at 64 5 k
Title: FCEPL -- formerly Engro Foods Limited
Post by: aalam on May 15, 2012, 02:08:23 PM
monstar volume bilal bhai...... :clap1:it will go to 141
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 15, 2012, 02:10:11 PM
i am 007  ;) now days

i am in for 2 years or 100 which ever comes first  :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: aalam on May 15, 2012, 02:12:18 PM
me jab iss share ko dekhta hun to PASL yasd aa jata hay 2008 wala....wo b isi tara 15 say 102 par gia tha......it will go Inshaalaah ....007 bhai... :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 15, 2012, 02:20:47 PM
good call alam sb
Title: FCEPL -- formerly Engro Foods Limited
Post by: aalam on May 15, 2012, 02:41:10 PM
thx
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmed499 on May 15, 2012, 10:37:42 PM
me jab iss share ko dekhta hun to PASL yasd aa jata hay 2008 wala....wo b isi tara 15 say 102 par gia tha......it will go Inshaalaah ....007 bhai... :biggthumpup:

Aapna Ghar agar nahin bechna tow kuch bhi keemat laga ya mang saktay hain.
Title: FCEPL -- formerly Engro Foods Limited
Post by: babar4289 on May 16, 2012, 12:14:26 AM
alam bhai kuch tu khiyal karo aik table kursi walay share ko efoods say mila rahay hooo :shock:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on May 16, 2012, 05:11:26 AM
alam bhai kuch tu khiyal karo aik table kursi walay share ko efoods say mila rahay hooo :shock:
::)
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on May 16, 2012, 09:22:02 AM
bought at 65 and sold at 63 coz of this reason  :bangin:

Buddy I bot at 63 and sold at 64 64.2 64.3 (masha allah), three times in the day, I never once bot above 63, please can you tell me why you would pay more on the day when it is constantly touching lower lock ? I also bot for my long holding @ 63, but because I had made Rs.3.6 day trading it my avg buy for holding today was 59.5 i.e already 1 future lower lock taken care of.

If you want to do day trading please buy when its deeply red, and sell in profit, why buy something which is already +2rs from its low point of the day ? Obviously the only reason was you thought it was going to upper lock, you gambled on a very high risk and unlikely scenario and your gamble did not pay off. Casino mein aaisa hoota hai. KSE is a casino especially for day trader.

May allah help you and everyone cover losses and strengthen our portfolios, ameen
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 16, 2012, 12:03:24 PM
Lower Lock No 5

 :banana:
Title: FCEPL -- formerly Engro Foods Limited
Post by: th3.inv3stor on May 16, 2012, 12:19:58 PM
guys its almost half of the day, and efoods volume is almost 10M. almost half of the volume traded last day. is it not mall pehnao? :down:
Title: FCEPL -- formerly Engro Foods Limited
Post by: GTrader on May 16, 2012, 12:22:15 PM
monstar volume bilal bhai...... :clap1:it will go to 141


volumes don't always reflect actual volumes

cann't be predicted how much rotated by major holder
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqmeh on May 16, 2012, 04:53:10 PM
Can any body make a comparison of nestle with efoods?
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on May 16, 2012, 05:11:05 PM
Can any body make a comparison of nestle with efoods?
efoods at 60 is much cheaper than nestle at 4000
Title: FCEPL -- formerly Engro Foods Limited
Post by: tariqmeh on May 16, 2012, 05:14:28 PM
Can any body make a comparison of nestle with efoods?
efoods at 60 is much cheaper than nestle at 4000
No sir i want product wise comparison with capacity
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 16, 2012, 07:28:49 PM
[asalam o elekum to all efoods 80 sey 60 per agaye 20% retracement ho gaye jo log 10 din pehley keh raha they key 100 ho jaye ga khamosh hey stock market nerves ka game he jab markat bharti hey to pan wala bhi kahta hey effods le lo kal barh jaye ga  leken maza to is me hey ke aap mandi mey tezi ke prediction kare mujhey lagta hey bohat high volumes per effods ka maal dobara neechay jama ho gaye hey aur kal sey inshaallah is mey buying a jaye gey aur agar  eik dafa oper lock lag gaye to kharidney key liya kafi intizar karna ho ga best time to buy but this is my advise take your own decision thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: Irfankhan on May 16, 2012, 07:54:30 PM
[asalam o elekum to all efoods 80 sey 60 per agaye 20% retracement ho gaye jo log 10 din pehley keh raha they key 100 ho jaye ga khamosh hey stock market nerves ka game he jab markat bharti hey to pan wala bhi kahta hey effods le lo kal barh jaye ga  leken maza to is me hey ke aap mandi mey tezi ke prediction kare mujhey lagta hey bohat high volumes per effods ka maal dobara neechay jama ho gaye hey aur kal sey inshaallah is mey buying a jaye gey aur agar  eik dafa oper lock lag gaye to kharidney key liya kafi intizar karna ho ga best time to buy but this is my advise take your own decision thanks
Bhai i dont think so. i am looking at short term mandi of 200-400 points still before market grows again. efoods i bought at 23 and 42 and sold at 49 and 54 respectively i dont see worth in this share for short term tobe more then 60. rest is your own decision.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on May 16, 2012, 09:36:13 PM
[asalam o elekum to all efoods 80 sey 60 per agaye 20% retracement ho gaye jo log 10 din pehley keh raha they key 100 ho jaye ga khamosh hey stock market nerves ka game he jab markat bharti hey to pan wala bhi kahta hey effods le lo kal barh jaye ga  leken maza to is me hey ke aap mandi mey tezi ke prediction kare mujhey lagta hey bohat high volumes per effods ka maal dobara neechay jama ho gaye hey aur kal sey inshaallah is mey buying a jaye gey aur agar  eik dafa oper lock lag gaye to kharidney key liya kafi intizar karna ho ga best time to buy but this is my advise take your own decision thanks
app wahey hoo na jis nay kaha tha kay efoods 60 say nechay aya tho mai kse mai kam choor dounga. orr app kay kehnay pay ek bhai nay bohat barey quantity mai buy kar lea tha .  :bangin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 16, 2012, 09:45:34 PM
Abhi margin hai Nadeem bhai Kay pass bro :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on May 16, 2012, 09:49:54 PM
Abhi margin hai Nadeem bhai Kay pass bro :tongue:

yes . waisay gaib kahan hai janab ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 16, 2012, 10:00:13 PM
asalam o elekum farzook bhai kaisey hen aaj kal office mey bohat busy hoon aap ka efoods mey kiya dehan hey
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 17, 2012, 01:47:45 AM
58 Tom
Title: FCEPL -- formerly Engro Foods Limited
Post by: KSE Investor on May 17, 2012, 12:15:40 PM
Initiate with a Buy, 26% upside to our PO of PRs76.20/sh

We initiate coverage on Engro Foods Limited (EFoods), Pakistan’s largest processed milk player,
with a Buy rating and a PO of PRs76.2/sh; suggesting 26% upside. We believe the recent 22%
pull?back provides a decent entry point for direct exposure to a relatively liquid name, geared to
Pakistan’s consumer story. Strong volume backdrop in dairy, opportunity in ice creams, an
innovative management approach and a stable margin outlook should cumulatively translate
into 4?year earnings CAGR of 52% (2011?15E). We recommend Buy.
Valuations supported by growth prospects

Despite EFoods out?performing the broad market by 49% over the past 3?mths, we still see
room for additional upside as the market has yet to fully price in the prominent growth
fundamentals. While current multiples (2012E P/E 21.1x, EV/EBITDA 10.2x) appear punchy, we
highlight that these are well supported by a stellar earnings growth outlook and potential
upside in key segments. In addition, the stock’s relatively higher liquidity in an otherwise illiquid
but sought after sector should provide further impetus.
DCF based PO of PRs76.2
We have used the DCF methodology to value the company. Our valuation assumptions include a
WACC of 16% and a terminal growth of 4%. At our PO, the stock would trade at an implied P/E
of 26.6x 2012E earnings and a PEG of 0.71x, which we feel is not demanding given the growth
prospects.

Dairy & Juices poised for volume growth
Pakistan’s depressed processed milk penetration ratio (7.5%), coupled with higher urbanization,
better disposable incomes and increasing health consciousness form the rationale for a
consumer switch to processed milk usage and set the stage for an 8?10% industry volume
growth period ahead. We eye UHT segment to embark on a revenue CAGR of 24% over 2011?
15E, further fuelled by ‘Dairy Omung’ which particularly targets the lower?middle class.
Better fortunes in store for ice?cream
The ice?cream segment is well positioned to capitalize on favorable demographics where the
company has already cemented its position as the #2 player (23% market share). Geographical
penetration is the key focus on which we estimate EFoods to absorb 26% of the branded icecream
pie by 2013E.

Key risks
(1) Margin erosion due to imposition of GST on dairy, or aggressive marketing schemes by
competitors, (2) risk of new product failure and (3) worsening of electricity crisis denting icecream
sales form the key risks of our investment case

KASB
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 17, 2012, 12:41:58 PM
efoods aalaa


stockz 123 bhai i bought 5 k! i acted on what i said earlier  :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: th3.inv3stor on May 17, 2012, 01:10:53 PM
bought at 60.50 sold at 63.10 :arrowhead:

efoods aalaa


stockz 123 bhai i bought 5 k! i acted on what i said earlier  :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 17, 2012, 01:26:41 PM
efoods aalaa


stockz 123 bhai i bought 5 k! i acted on what i said earlier  :tongue:

007 bro grea hunt :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 17, 2012, 01:30:06 PM
[asalam o elekum to all efoods 80 sey 60 per agaye 20% retracement ho gaye jo log 10 din pehley keh raha they key 100 ho jaye ga khamosh hey stock market nerves ka game he jab markat bharti hey to pan wala bhi kahta hey effods le lo kal barh jaye ga  leken maza to is me hey ke aap mandi mey tezi ke prediction kare mujhey lagta hey bohat high volumes per effods ka maal dobara neechay jama ho gaye hey aur kal sey inshaallah is mey buying a jaye gey aur agar  eik dafa oper lock lag gaye to kharidney key liya kafi intizar karna ho ga best time to buy but this is my advise take your own decision thanks

nadeem bhai cha gaye tussi :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmer_1001 on May 17, 2012, 02:47:54 PM
Wah Bhai Wah,
Efoods ki nai rally shuroo ho gai kya? ya broker bhaya phir logon ko maal phenay ke chakar mein hain? MKT is negative and very volatile & Efoods has an upper Lock :brickwall:. any one have any suggestions. it should come to 57 as a last lower lock today.  :confused1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmer_1001 on May 17, 2012, 02:53:43 PM
Everybody!
Bet from here. will MKT able to sustain at levels of 14000 or it will go further down. Bears are active and bulls are waiting.
news and speculations abt foreign investor are no good.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 17, 2012, 03:35:55 PM
Wah Bhai Wah,
Efoods ki nai rally shuroo ho gai kya? ya broker bhaya phir logon ko maal phenay ke chakar mein hain? MKT is negative and very volatile & Efoods has an upper Lock :brickwall:. any one have any suggestions. it should come to 57 as a last lower lock today.  :confused1:

30million plus shares were traded at lower lock at 64 and 60.59

i think accumulation hui hai
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmer_1001 on May 17, 2012, 04:10:56 PM
Sir 007,
what do u suggest where efood will go from here. I was hoping tht it will depreciate 30% at price level of 79 bt today i has changed the whole game. :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 17, 2012, 08:04:03 PM
i thought it would touch 55, but i took risk at avg of 61.20,

mazeed buying karni hai efoods ki lao 55 per :bangin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 17, 2012, 08:20:08 PM
thanks bhai stock 123 mujhe aap ka nam nahe pata mere khiyal mey akif jo mujhe market chorney ka mushwaray derahey he unhe market chor kar paan ke dokan khol lene chahe
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 17, 2012, 08:22:53 PM
  :biggrin:

personnel nahin hotay nadeem sb  :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on May 17, 2012, 08:26:58 PM
thanks bhai stock 123 mujhe aap ka nam nahe pata mere khiyal mey akif jo mujhe market chorney ka mushwaray derahey he unhe market chor kar paan ke dokan khol lene chahe

Me too efoods lover. But do not be personal. Hath hola rakhain please. Her bunda apna apna kam karta hay. Mkt sab ke liay ho jo trade karna chahta hay karay jo nehain karana chahta na karay. Baqi bhai price to sub ane jani jeez hay. Her kisi ka dehan apna apna, kam apna apna. I am requesting both of u sir g
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 17, 2012, 09:04:43 PM
yaar007 bbhai sorry mujhey aap ka nam nahe maloom efoods mey 5 din sey nechey key lock lag raha tha mujhe lag rag rahatha key aaj upper lock laga ga aur mashaallah lag gaye yeh akif jese log market ko kharab karte hey jo sara din market mey beth kar 100 shares ka trade karte hen aur doosro per tanqid kartey hen mey is forum mey aj ke bad kuch nahi likho ga ku key log appreciate nahe karte agar mere tips sey kise ko faida ho jaye to mujhe khushe ho ge me aainda is forum mey kuch nahe likha ga agar kise ko takleef phunche to zazarat thanks &take care 
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 17, 2012, 09:13:44 PM
yar nadeem bhai i think you were spot on, so just share your views in future too and leave what others think or say...  :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on May 17, 2012, 09:25:13 PM
thanks bhai stock 123 mujhe aap ka nam nahe pata mere khiyal mey akif jo mujhe market chorney ka mushwaray derahey he unhe market chor kar paan ke dokan khol lene chahe
pata nahey kahan say nadeem saab moou outha kay again hain,  zara ankahain khool kay orr dimagh hazir rakh ky parho mai nay kaha tha kay " i remember u " app  jaisay chawwal ko mashwara dena meray bas key baat nahey hay.
nadeem saab bongian na mara karoo app, apney oukat mai raha karo. stock market kho hum nahey chalatay hum sirf apnay views share kartay hain. efoods ka low 59.75 laga hay ajj itna hey app mai dum tha tho 60 say nechay q anay dea . lolzz
paan key dukan app apnay lea daal loo sath mai "olpers" bhi becha karo chawwal kahen kay.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on May 17, 2012, 09:51:15 PM
thanks bhai stock 123 mujhe aap ka nam nahe pata mere khiyal mey akif jo mujhe market chorney ka mushwaray derahey he unhe market chor kar paan ke dokan khol lene chahe
pata nahey kahan say nadeem saab moou outha kay again hain,  zara ankahain khool kay orr dimagh hazir rakh ky parho mai nay kaha tha kay " i remember u " app  jaisay chawwal ko mashwara dena meray bas key baat nahey hay.
nadeem saab bongian na mara karoo app, apney oukat mai raha karo. stock market kho hum nahey chalatay hum sirf apnay views share kartay hain. efoods ka low 59.75 laga hay ajj itna hey app mai dum tha tho 60 say nechay q anay dea . lolzz
paan key dukan app apnay lea daal loo sath mai "oplers" bhi becha karo chawwal kahen kay.

I am again requesting both of u to Nadeem bhai and Akif bhai calm please. Special request to Akif being senior member k ap he hath hola kar lain. Yar pehlay he tension kam hay k forum pe akar asee posting par k aur dukh hota hay.
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on May 17, 2012, 10:04:05 PM
Akif Sahib App ko Fist time GUsaa main dikha ha. Friend this is market. I am working here since 1988. At my teen age. You never never blame any one. Never ever blame any one. E.e. FCCL is looking good to me at 6.65 and now I sold is 6.10. I think it will further come down. So its state of mind. a lot depends on you luck.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on May 17, 2012, 10:14:52 PM
Akif Sahib App ko Fist time GUsaa main dikha ha. Friend this is market. I am working here since 1988. At my teen age. You never never blame any one. Never ever blame any one. E.e. FCCL is looking good to me at 6.65 and now I sold is 6.10. I think it will further come down. So its state of mind. a lot depends on you luck.

wow you are a true senior. i started 20 years after you ! You should share your thoughts more here.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dove on May 17, 2012, 10:44:25 PM
@
Dear Nadeem Khaliq
@
Akif
@
and other Young people on the forum
YOU ALL ARE REQUESTED TO BE CAREFUL AND POLITE IN CHOSING WORDS TO COMMUNICATE WITH EACHOTHER ON THIS FORUM. WE HAVE BEEN ON THIS FORUM FOR LONG TIME NOW, HAVE DIFFERED WITH EACHOTHER STRONGLY BUT WITH ARGUMENTS AND NICETY. SO PLEASE AS AN ELDER BROTHER I ADVISE YOU TO REMAIN WITHIN LIMITS OF CIVILITY AND POLITENESS. DO DISCUSS MARKET MATTERS BUT DON'T GET PERSONAL. 'HOPE YOU HONOUR THE REQUEST.  
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on May 18, 2012, 12:42:23 PM
@
Dear Nadeem Khaliq
@
Akif
@
and other Young people on the forum
YOU ALL ARE REQUESTED TO BE CAREFUL AND POLITE IN CHOSING WORDS TO COMMUNICATE WITH EACHOTHER ON THIS FORUM. WE HAVE BEEN ON THIS FORUM FOR LONG TIME NOW, HAVE DIFFERED WITH EACHOTHER STRONGLY BUT WITH ARGUMENTS AND NICETY. SO PLEASE AS AN ELDER BROTHER I ADVISE YOU TO REMAIN WITHIN LIMITS OF CIVILITY AND POLITENESS. DO DISCUSS MARKET MATTERS BUT DON'T GET PERSONAL. 'HOPE YOU HONOUR THE REQUEST.
Nadeem khaliq ne mery sath bhee kuch din pehly badtameezi ki thee; I just wrote a few days back that market will come down and also engro will go below 103; while talking on money chat. Nadeem khaliq , without invitation, jumped in and said "abey andhey; tum ko market ki koi samajh heee nahee; kabhee 500 engro bhee lia hy ?". I was so embarrassed at that time.  Then,at that time i had written a request to the  admin that it should take notice of such people and their insulting  attitudes.  >:(
I 100 % support akif bhai; he has always been decent on this forum;
and @dove;  :thanks: for writing all this. I agree with you.  :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 18, 2012, 01:16:49 PM
akif men market ko samajne key tamez nahehen men kahe sey nahi aye 38 saal sey stock ka kaam kar raha hoon kal men ney 61 mey100000 efoods purchase kiya tha jo aaj 65 mey sale kar diya ab tum hi batoa key bewaqoof koon hey juya khelney key baje investment karo warna sara paisey haar jao gey aur paan key dokan kholney parey gey aj bhi marrket 150 minus hey aur efoods 1.40 paisa plus hey
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on May 18, 2012, 02:21:31 PM
akif men market ko samajne key tamez nahehen men kahe sey nahi aye 38 saal sey stock ka kaam kar raha hoon kal men ney 61 mey100000 efoods purchase kiya tha jo aaj 65 mey sale kar diya ab tum hi batoa key bewaqoof koon hey juya khelney key baje investment karo warna sara paisey haar jao gey aur paan key dokan kholney parey gey aj bhi marrket 150 minus hey aur efoods 1.40 paisa plus hey
os din app efoods mai dehan pooch rahay thay or abb boungian marr rahay hoo trading key. chutia insan hoo app 38 saal trading ka kam or apnay andar tameez dekhoo. jao pehlay kisey achay school mai nursery mai admission lou or manners sekk kay aoou.
terey aoukat paan key dukan key hey hay, ghatia sooch hay tumharey.
joo app ka standard hay osey level pay app ko deal karna merey majborey hay, warna app jaisay loog sar pay char jatay hain.  >:(
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 18, 2012, 02:22:38 PM
nadeem sb good dehan  :biggthumpup:

Ghussa choor dain, efoods per roshni daalin wapsi kaha taak mumkin hain

or u are out of it

regards
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on May 18, 2012, 02:26:05 PM
akif bhai; plz leave it now
Title: FCEPL -- formerly Engro Foods Limited
Post by: Akif on May 18, 2012, 02:31:08 PM
akif bhai; plz leave it now
tayyab mera kisey say koi masla nahey lakin nadeem direct personal hoo gea is waja say mujay samjana parha.
anyways sorry to other members, i know i am using a bit swear wording.  :down:
finished from my side.  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Tayyab2011 on May 18, 2012, 02:42:26 PM
akif bhai; plz leave it now
tayyab mera kisey say koi masla nahey lakin nadeem direct personal hoo gea is waja say mujay samjana parha.
anyways sorry to other members, i know i a using a bit swear wording.  :down:
finished from my side.  :biggthumpup:
:thumbsup_anim:
Title: FCEPL -- formerly Engro Foods Limited
Post by: competent on May 18, 2012, 03:25:12 PM
kya scene ha , ye jo lower lock toota ha ye artifitial ha kya ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 18, 2012, 03:34:18 PM
kya scene ha , ye jo lower lock toota ha ye artifitial ha kya ?

lower lock??????? :dunno: :skeptic:
Title: FCEPL -- formerly Engro Foods Limited
Post by: hammad01 on May 18, 2012, 03:44:35 PM
yeh efoods ma kia chal rha ha?
what is the target price?

Seniors need ur advice:
I bought 4k efoods at 76 and sold at 66.
Now I had bought 4 k efoods at 60.5 when should i exit?
Will be thankfu for ur suggestions
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 18, 2012, 03:56:04 PM
efoods catching up to engro quick
Title: FCEPL -- formerly Engro Foods Limited
Post by: malikk on May 18, 2012, 05:04:16 PM
yeh efoods ma kia chal rha ha?
what is the target price?

Seniors need ur advice:
I bought 4k efoods at 76 and sold at 66.
Now I had bought 4 k efoods at 60.5 when should i exit?
Will be thankfu for ur suggestions
sell at 80 plus
Title: FCEPL -- formerly Engro Foods Limited
Post by: perfect on May 18, 2012, 06:20:45 PM
Friends one good informative person informed me that Gen Pervaiz Musharaf want to sell his holding in Efoods and DGKC. Selling pressure was also due to his selling :bigeyed: :bigeyed: :bigeyed:
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 18, 2012, 07:00:57 PM
thanjs bhai 007 u r the only guy i think who knowledge about stock market personally i think next week efoods 70 tak ja sakta hey hanks for compliments


Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 18, 2012, 07:28:29 PM
 :biggthumpup:

i have experience if that counts to knowledge is another question :)

good holding tight my buyin
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on May 18, 2012, 08:19:30 PM
Friends one good informative person informed me that Gen Pervaiz Musharaf want to sell his holding in Efoods and DGKC. Selling pressure was also due to his selling :bigeyed: :bigeyed: :bigeyed:

Her khrabi Mushraf ka nam dalnay ke rwaiat ib be chal rehi hay. Ab to stock mkt ka girna be os ke nam.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on May 18, 2012, 10:02:56 PM
Friends one good informative person informed me that Gen Pervaiz Musharaf want to sell his holding in Efoods and DGKC. Selling pressure was also due to his selling :bigeyed: :bigeyed: :bigeyed:

Good Joke  :biggrin:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on May 19, 2012, 10:17:20 PM
Friends one good informative person informed me that Gen Pervaiz Musharaf want to sell his holding in Efoods and DGKC. Selling pressure was also due to his selling :bigeyed: :bigeyed: :bigeyed:

Good Joke  :biggrin:

ye rumour nawaz sharif ne phelai ho gi
waise the man made good money if he had not bought at DG 44 plus and EFOODS 75 plus hehe
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 20, 2012, 01:52:10 AM
Friends one good informative person informed me that Gen Pervaiz Musharaf want to sell his holding in Efoods and DGKC. Selling pressure was also due to his selling :bigeyed: :bigeyed: :bigeyed:

Good Joke  :biggrin:

ye rumour nawaz sharif ne phelai ho gi
waise the man made good money if he had not bought at DG 44 plus and EFOODS 75 plus hehe

poker bhai remember the day told you to buy it at 44?
Title: FCEPL -- formerly Engro Foods Limited
Post by: AQ on May 21, 2012, 08:53:53 PM
It did well in last couple of sessions, I think its consolidated around which is good.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 21, 2012, 08:59:25 PM
It did well in last couple of sessions, I think its consolidated around which is good.

agreed.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on May 22, 2012, 12:14:17 PM
EFOODS: Unleashing Dairy Profits

   In light of 1) recent price hike in branded dairy market, 2) better then expected 1QCY12 results and 3) shifting of the company’s focus from its juice business to aggressive growth in core dairy operations; we have revisited our valuations for EFOODS

   For CY12 onwards, we have revised upwards our assumptions for dairy sales by 24% taking lead from impressive 39% volume growth shown in 1QCY12; and have raised dairy retention assumption by 2% to account for recent price hikes

   Possibility of increase in ‘Omung’ prices by ~PKR5/liter presents an upside risk to our current estimates of EFOODS milk retention levels

   We have revised downward volumetric sales assumption of ‘Olfrute’ by 40% in our model in line with the company’s revised strategy

   Based on our revised estimates, our CY12E EPS for EFOODS stands at PKR2.84, up 57% from previous forecast

   Our revised Dec12 target price for the company now stands at PKR68/sh, representing 3% upside from current levels. We highlight EFOODS as a sustainable growth story, all set to reap fruits of processed milk market growth and unyielding consumer demand in the country
 
bma
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 22, 2012, 03:15:37 PM
EFOODS: Unleashing Dairy Profits

   In light of 1) recent price hike in branded dairy market, 2) better then expected 1QCY12 results and 3) shifting of the company’s focus from its juice business to aggressive growth in core dairy operations; we have revisited our valuations for EFOODS

   For CY12 onwards, we have revised upwards our assumptions for dairy sales by 24% taking lead from impressive 39% volume growth shown in 1QCY12; and have raised dairy retention assumption by 2% to account for recent price hikes

   Possibility of increase in ‘Omung’ prices by ~PKR5/liter presents an upside risk to our current estimates of EFOODS milk retention levels

   We have revised downward volumetric sales assumption of ‘Olfrute’ by 40% in our model in line with the company’s revised strategy

   Based on our revised estimates, our CY12E EPS for EFOODS stands at PKR2.84, up 57% from previous forecast

   Our revised Dec12 target price for the company now stands at PKR68/sh, representing 3% upside from current levels. We highlight EFOODS as a sustainable growth story, all set to reap fruits of processed milk market growth and unyielding consumer demand in the country
 
bma


Phir sell kardain 68.91 per
Title: FCEPL -- formerly Engro Foods Limited
Post by: zulfikar on May 22, 2012, 04:51:30 PM
We consider CY12 to be a year of all three Engro companies such as holding
company Engro Corp. (ENGRO), Engro Foods (EFOODS; our target price Rs 141/sh
envisaged in Aug, 2011 vide detailed report) and now Engro Polymer (EPCL).
We like Engro Corp. (ENGRO) because one of its major companies Engro Fertilizer
(EFL; still unlisted) shall perform well in the wake of promised feedstock gas
supplies from Qadirpur to its newly installed plant that has got the capacity of
1.0mn tons of urea. EFL’s old plant at Daharki is already receiving dedicated gas
and hence carrying the flag for the company for quite long with an annual capacity
of 0.99mn tons of urea  supplies. The CY11 price hike in urea was ostensibly due to
EFL’s inability to produce urea from the new plant in the absence of feedstock gas
supplies from Qadirpur via SNGPL network. We expect this issue of non?supplies
shall resolve in CY12. We do not see a lot of erosion in urea bag prices in CY12
despite the fact that farmers on the ground are now facing difficulties of lesser
liquidity to buy this key agriculture input. We also see lessening incidence of
financial charges this year since we expect Pakistan’s interest rates are set to
decrease wherein all long terms loans are on floaters; though, tapering of interest
rates shall take place during CY12. Even if EFL’s new plant runs at 70% then EFL
earnings could alone go as high as Rs 30/sh; though it would depend upon supplies
of gas from SNGPL. Moreover, EFL via Engro Eximp (EE) shall sell its inventory of
imported DAP during 1QCY12.  
EFOODS was our key pick in CY11 wherein we have assigned a DCF price of Rs
141/sh much to the utter surprise of the market. However, our assumption was
based on the fact that even if EFOODS attains 50% margin of what NESTLE is
attaining in milk segment then our assumption would be prove to be right. We see
EFOODS gaining foothold in ice creams, juices, flavored milk apart from key flag
brand OLPERS and other variants. We expect EFOODS CY12 EPS could be Rs 4/sh
wherein as per our old discussion with ENGRO management, EFOODS continue to
be a value investment play.  
EPCL shall also reap gains in CY12 since its accumulated loss shall decrease this
year wherein we see EPCL shall make gains over local production of raw material
VCM which is reportedly going smoothly. We see PVC supplies from EPCL is going
good especially to export market of India (since company has attained benefit of
duty protection) and also local supplies to Punjab is also going good due to its
using in housing and other constructions. Remember, IFC is also major partner in
EPCL. Hence viability of PVC project sounds credence.  -------------------------------------post your comments ??
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on May 22, 2012, 06:32:14 PM
which broker is this report from ?

141 looks extremely high...
and how is 'efoods' a 'value investment play' ? its a growth stock by definition..
dunno anything about EPCL, apart from the fact that its management is quite bad at running the plant.
zero confidence in them.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 22, 2012, 06:53:58 PM
Allah ka karam hey us ney izat dey kal efoods inshaallah 70 cross kar jaye ga to 33% maal offload karey baqi ka wait karey thanks ffor those who appreciate me regards nadeem khaliq :dance

Title: FCEPL -- formerly Engro Foods Limited
Post by: zulfikar on May 22, 2012, 06:55:31 PM
This report from   -------- Faisal Shaji ! 32461421   SCSTRADE
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on May 22, 2012, 07:55:22 PM
This report from   -------- Faisal Shaji ! 32461421   SCSTRADE

K thanks for sharing report. I think they are quite optimistic about efoods.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 22, 2012, 08:18:05 PM
which broker is this report from ?

141 looks extremely high...
and how is 'efoods' a 'value investment play' ? its a growth stock by definition..
dunno anything about EPCL, apart from the fact that its management is quite bad at running the plant.
zero confidence in them.

This report from   -------- Faisal Shaji ! 32461421   SCSTRADE

K thanks for sharing report. I think they are quite optimistic about efoods.


lolz
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on May 22, 2012, 08:50:02 PM
EFOODS was our key pick in CY11 wherein we have assigned a DCF price of Rs
141/sh much to the utter surprise of the market. However, our assumption was
based on the fact that even if EFOODS attains 50% margin of what NESTLE is
attaining in milk segment then our assumption would be prove to be right. We see
EFOODS gaining foothold in ice creams, juices, flavored milk apart from key flag
brand OLPERS and other variants. We expect EFOODS CY12 EPS could be Rs 4/sh
wherein as per our old discussion with ENGRO management, EFOODS continue to
be a value investment play. 

Target Rs. 141/-

Standard Capital
Detailed Report on 04 Nov' 11 (http://www.scstrade.com/research/Research%20Reports/General/EFFOODS%20SHOWING%20QUICK%20PROGRESS%20I%20LONG%20TERM%20PROPOSITION.pdf)

Follower Report on 29 Feb' 12 (http://www.scstrade.com/research/Research%20Reports/General/Focus%20on%20three%20Engros.pdf)

This is old news from scs 141 target wali
Title: FCEPL -- formerly Engro Foods Limited
Post by: faizy777 on May 22, 2012, 11:22:13 PM
sab choro new ad dekhi omore ki cone hai sahir lodhi nhi...........hahaha
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 23, 2012, 12:20:32 AM
Another cap  :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: zulfikar on May 23, 2012, 03:59:55 PM
 :lazy2: hold
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 23, 2012, 04:34:50 PM
holding good buy oppurtunity
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmer_1001 on May 23, 2012, 05:34:50 PM
Dear All Seniors

Please advise where EFOODS will go from here? is the Prediction of 140/s is right or will it stay between 50-70 range. :confused1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: zulfikar on May 23, 2012, 08:51:52 PM
jul 100 up
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 23, 2012, 08:54:02 PM
I hope u r right but we shouldnot give such specific targets
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on May 24, 2012, 03:36:50 AM
Dear All Seniors

Please advise where EFOODS will go from here? is the Prediction of 140/s is right or will it stay between 50-70 range. :confused1:

How about one step at a time, 1st target 80, let it do a breakout above 80, then re-access
June results will be very important in determining if EFOODS is performing as per forward multiple or not.
140 prediction at current stage is way too premature, 12-18 months from now, stable 140  sure, very much possible, but Sep '12 or Dec '12 Tp of 140 would be highly unlikely.  Betting that some satta might take it to 140 is something I cannot speculate on. Think 80 1st and once it is at 80 think ahead.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on May 24, 2012, 06:04:44 AM
holding good buy oppurtunity

Dear All Seniors

Please advise where EFOODS will go from here? is the Prediction of 140/s is right or will it stay between 50-70 range. :confused1:

How about one step at a time, 1st target 80, let it do a breakout above 80, then re-access
June results will be very important in determining if EFOODS is performing as per forward multiple or not.
140 prediction at current stage is way too premature, 12-18 months from now, stable 140  sure, very much possible, but Sep '12 or Dec '12 Tp of 140 would be highly unlikely.  Betting that some satta might take it to 140 is something I cannot speculate on. Think 80 1st and once it is at 80 think ahead.

Poker and 007, have you both bought it yet?
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 24, 2012, 10:46:37 AM
bought it 64 and 60.49 5K avg 61.40
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on May 25, 2012, 11:31:58 AM
Engro Foods - EFOODS PA
 
Outperform
 Strong growth prospects warrant an Outperform rating

Initiating with an Outperform rating and PKR76.9 target

We initiate coverage on Engro Foods Limited (Efoods) with an Outperform rating and DCF-based TP of PKR76.9. The company has a diverse product portfolio catering to different price segments in a growing industry, its brand equity is increasing, its margins are increasing and its marketing expenses as a percentage of sales are falling.

Pakistan was the fourth-largest milk producer in the world as of 2010, with annual production of around 38bn litres, according to the United Nations Food and Agriculture Organization. The Ultra High Temperature (UHT) market had a 12% CAGR over 2005–11, but the processed milk industry still only comprises 8% of the tradable milk market in Pakistan. Increasing modernization, rapid urbanization, rising income levels, changing lifestyles and living standards, convenience, and health and hygiene concerns are the key drivers for growth of this segment.

Efoods began in CY06, and in the short time since has achieved clear leadership in the Pakistan UHT industry, with a market share of 44% at the end of 2011. It has launched an array of new products such as ice cream and flavoured milk which have significant growth potential. We expect Efoods to report strong earnings growth in CY12 and beyond, as the company taps into the 92% loose milk market and ventures into other high-margin products.

Product portfolio caters to different segments

Efoods operates multiple brands that cater to different price segments. Going forward, the company looks set to continue its strategy of increasing volume sales in the liquid dairy segment (through Dairy Omung and Tarang) while keeping unit margins stable. Its focus in the ice cream segment is on improving both volumes and margins. By spending heavily on brand-building, the company has been able to make inroads in key packaged dairy products that were previously dominated by global companies such as Nestlé and Unilever.

Multiples likely to remain high

The FMCG sector in general, and Nestlé and Unilever in particular, trades at high multiples due to robust growth prospects and low free float. We do not expect Efoods to be any different, as a solid five-year estimated earnings CAGR of 59% and low free float (11%) should keep multiples high. We do not expect intense competition from Nestlé, as it intends to focus on the powdered milk market going forward, while Efoods will focus on the liquid milk business.

Risks to our view

We see the following risks to our investment case:

·         Any levy of VAT/RGST may negatively impact both volumes and margins in the processed milk segment of the business.

·         Rising competition from Nestlé or the possibility of new entrants remains a risk, given the high return prospects of the sector.

Detailed rpt by FS  (http://xa.yimg.com/kq/groups/15240720/327693974/name/EngroFoods240512e117710.pdf)
 
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmer_1001 on May 26, 2012, 01:04:13 PM
Dear Farzooq Bhai
Asalam Alaikum

Thank you for Analysis of Efoods. It will really help all of us for taking our investment decisions.
Can u please advise that, is it a good strategy to retain Efoods in small quantity for long term like for 4 or 5 yrs.
Will it ever meet Nestle, Uni lever foods or Rafan. i still remember during the era of Pervaiz Musharaf Shaukat Aziz.
Nestle were trading around PRK800 & unilever was on 1200-1500 range.
can we see a phenomenal appreciation in EFOODS as well?   
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on May 26, 2012, 02:01:43 PM
Dear Farzooq Bhai
Asalam Alaikum

Thank you for Analysis of Efoods. It will really help all of us for taking our investment decisions.
Can u please advise that, is it a good strategy to retain Efoods in small quantity for long term like for 4 or 5 yrs.
Will it ever meet Nestle, Uni lever foods or Rafan. i still remember during the era of Pervaiz Musharaf Shaukat Aziz.
Nestle were trading around PRK800 & unilever was on 1200-1500 range.
can we see a phenomenal appreciation in EFOODS as well?

No of shares ulever 13m
                   nestle 45m
                   efoods 750m

Lower paid up capitals of ulever nestle compared to efoods is the reason they trade in 4 digits.
Yes, its a good share to hold for long term.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on May 29, 2012, 08:36:05 PM
efood 72 mashaallah no one in public who buys efoods in this rate but huge foreign buying in last two days kekan yeh gorey nahi samajhtey jab yeh tezi karey gey to in ko itna maal parey ga key yeh oney poona yehe engro food hamey 50 rs ka dey kar gaye gey aur phir hum isey dobara inhey 100 rs ka bech dey gey engro aj 115 hit kara jabke sab 90 key baat kar rahe the ab jab key sab engro ke 135 key baat kar rahey hen to yeh 90 ho sakta hey market mey mujhey mandi key news miley hey aur h sakta hey index 13000 tak aa jaye take care and take your own decision 3 years back spl bhi 92 touch kiya tha aur broker sara maal public ko pehna kar chaley gaye aur aaj 11rs hey take care in the end many thanks to farzook bbhai and space bhai sorry aap ka naam nahi mallom u both of them very much knowledge of stock market i am too busy thats why dont get proper time to stock market leken 30 saal sey jo stock kay nasha charey hey wo aaj tak nahe chotay thanks :dance
Title: FCEPL -- formerly Engro Foods Limited
Post by: Abid_ali on May 29, 2012, 09:20:48 PM
efood 72 mashaallah no one in public who buys efoods in this rate but huge foreign buying in last two days kekan yeh gorey nahi samajhtey jab yeh tezi karey gey to in ko itna maal parey ga key yeh oney poona yehe engro food hamey 50 rs ka dey kar gaye gey aur phir hum isey dobara inhey 100 rs ka bech dey gey engro aj 115 hit kara jabke sab 90 key baat kar rahe the ab jab key sab engro ke 135 key baat kar rahey hen to yeh 90 ho sakta hey market mey mujhey mandi key news miley hey aur h sakta hey index 13000 tak aa jaye take care and take your own decision 3 years back spl bhi 92 touch kiya tha aur broker sara maal public ko pehna kar chaley gaye aur aaj 11rs hey take care in the end many thanks to farzook bbhai and space bhai sorry aap ka naam nahi mallom u both of them very much knowledge of stock market i am too busy thats why dont get proper time to stock market leken 30 saal sey jo stock kay nasha charey hey wo aaj tak nahe chotay thanks :dance
it is reality but people are not ready to accept it. They ll accept but mar khany kay bad.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 29, 2012, 10:10:57 PM
efood 72 mashaallah no one in public who buys efoods in this rate but huge foreign buying in last two days kekan yeh gorey nahi samajhtey jab yeh tezi karey gey to in ko itna maal parey ga key yeh oney poona yehe engro food hamey 50 rs ka dey kar gaye gey aur phir hum isey dobara inhey 100 rs ka bech dey gey engro aj 115 hit kara jabke sab 90 key baat kar rahe the ab jab key sab engro ke 135 key baat kar rahey hen to yeh 90 ho sakta hey market mey mujhey mandi key news miley hey aur h sakta hey index 13000 tak aa jaye take care and take your own decision 3 years back spl bhi 92 touch kiya tha aur broker sara maal public ko pehna kar chaley gaye aur aaj 11rs hey take care in the end many thanks to farzook bbhai and space bhai sorry aap ka naam nahi mallom u both of them very much knowledge of stock market i am too busy thats why dont get proper time to stock market leken 30 saal sey jo stock kay nasha charey hey wo aaj tak nahe chotay thanks :dance


nadeem budds its good you shared view,

but kindly keep it more viable and sensible, talking about netsol and spl here and comparing with efoods is more like comparing apples with oranges...lolz
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on May 29, 2012, 11:47:25 PM
Acha sir dard hai EFOODS, I WANT MORE, but there is never ever a 'right' price for it  ::)

Its a goood type of sir ka dard, if u know what i mean ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on May 30, 2012, 07:36:44 AM
Acha sir dard hai EFOODS, I WANT MORE, but there is never ever a 'right' price for it  ::)

Its a goood type of sir ka dard, if u know what i mean ;)

Yaar, listen to me too. I've been telling you to buy it. Now if it comes back down to around Rs. 65, don't hesitate to buy it and keep it for the long term. Don't miss it this time around if it gives another chance.  :console:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Invisibleone on May 30, 2012, 04:36:06 PM
Information :EFOODS is now in Shariah Compliance list.  :thumbsup_anim:

Title: FCEPL -- formerly Engro Foods Limited
Post by: mfdarvesh on May 30, 2012, 07:19:18 PM
Acha sir dard hai EFOODS, I WANT MORE, but there is never ever a 'right' price for it  ::)

Its a goood type of sir ka dard, if u know what i mean ;)

Yaar, listen to me too. I've been telling you to buy it. Now if it comes back down to around Rs. 65, don't hesitate to buy it and keep it for the long term. Don't miss it this time around if it gives another chance.  :console:

AKD has Neutral stance over this scrip
as target price of 65.3 is fixed for EFOODs, what is your opinion now?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on May 30, 2012, 07:26:38 PM
Acha sir dard hai EFOODS, I WANT MORE, but there is never ever a 'right' price for it  ::)

Its a goood type of sir ka dard, if u know what i mean ;)

Yaar, listen to me too. I've been telling you to buy it. Now if it comes back down to around Rs. 65, don't hesitate to buy it and keep it for the long term. Don't miss it this time around if it gives another chance.  :console:

AKD has Neutral stance over this scrip
as target price of 65.3 is fixed for EFOODs, what is your opinion now?

don't follow akd..... as they risen its target price thrice this year...and more interestingly the target prices is always near to market price every time it comes :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on May 30, 2012, 09:28:14 PM
Acha sir dard hai EFOODS, I WANT MORE, but there is never ever a 'right' price for it  ::)

Its a goood type of sir ka dard, if u know what i mean ;)

Yaar, listen to me too. I've been telling you to buy it. Now if it comes back down to around Rs. 65, don't hesitate to buy it and keep it for the long term. Don't miss it this time around if it gives another chance.  :console:

Momo i added a bunch in the low 60s ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on May 30, 2012, 10:55:32 PM
Looks like we will get some oppurtunity again in mid sixties
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 08, 2012, 03:45:33 PM
AKD Daily

 EFOODS valuation update

We have revisited our investment case for EFOODS and have upgraded outlook by 14%-36% through our forecast range. Earnings revision is underpinned by recent increase in dairy product prices. Furthermore, we have also tweaked our capex assumption for CY12 and have resultantly raised our Dec-end TP of EFOODS by 31% to PkR69/share. At current levels EFOODS is trading at CY12 PE of 25.6x and PS of 1.1x respectively, offering limited upside of 2%, leading to a ‘Neutral’ stance. However, the scrip looks cheap when compared to peers on PEG ratio, where EFOODS is trading at a PEG ratio of 0.4x compared with peers ULEVER and NETSLE which are both trading at 1.1x, underscoring the company’s superior growth potential.

Earnings revised up by 23% over the forecast range: We revise our earnings by 14%-36% through our forecast range after taking into account i) the recent hike in dairy product prices (Olpers and Tarang) and ii) increasing margin assumption for ‘Dairy Omung’, where the product is likely to be only slightly margin dilutive despite it being a lower priced alternative to ‘Olpers’. Furthermore, we have raised our CY12 earnings estimates by 36% to PkR1,971mn (EPS: PkR2.62) after incorporating the said changes in addition to revising up dairy volumetric sales assumption by 4% as well as reducing financial charges by 24% to PkR1.1bn after lowering our capex assumption.

2Q has historically been the best for ice-Cream sales: Taking ULEVER as a proxy, the second quarter (Apr-Jun) has historically been the best for the ice-cream segment, which over the last five years (CY07-CY11) has accounted for 33% of annual sales. Similarly, operating margins have also been the highest during the quarter, averaging at 11% compared to the annual average of just 4%. For EFOODS, we expect a significant jump in ‘Ice-cream segment sales in 2QCY12’, in line with the trend in industry although electricity shortages, particularly in Punjab may be a bit of a dampener.

Milk consumption in Pakistan grew by 3.2%YoY in FY12: As per the FY12 Pakistan Economic Survey, milk consumption grew by 3.2%YoY to 38.7mn liters, in line with the annual consumption growth of ~3% over the last five years. Besides the population growth (avg. of 2.4% pa over the last ten years), per capita consumption has also been rising at an average rate of 1%pa, which is driving milk consumption demand in the country.

Asia Pacific region to drive global growth in LDPs: As per Tetra Pak’s liquid dairy product (LDP) forecast, the Asia-Pacific region (including Pakistan, India and China) will drive the global growth in demand where Tetra-Pak expects the regions LDP demand to grow at a CAGR of 4.6% during 2011-2014, compared with the global CAGR of 2.9%. Consumer switch from loose to packaged milk is set to continue, where in CY11 packaged milk accounted for 49.8% of total white milk consumption, which is still relatively higher when compared with the conversion rate in Pakistan where packaged milk is still less than 10% of total milk consumption, underscoring the growth potential in the sector. Amongst the LDP sub-categories, ‘Lactic Acid Drinks’ (+11.9%) and ‘Baby & Toddler Milk’ (+9%) are forecast to be the highest growth categories.  As for EFOODS, any JV with a foreign food operator, particularly in the infant nutritional category could be a game changer given the segments superior growth potential as well as premium margins.

Recommendation: At current levels we recommend ‘Neutral’ stance on EFOODS, which offers limited upside to our Dec-end TP of PkR69. However, the scrip is cheap when accounting for its growth potential where the company’s 5-yr earnings CAGR is forecast at 57.9%, superior to NESTLE (26.7%) and ULEVER (17.5%). Resultantly, the scrip is trading at relatively undemanding PEG ratio of 0.4x compared with 1.1x for ULEVER and Nestle, respectively.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on June 08, 2012, 10:29:07 PM
Acha sir dard hai EFOODS, I WANT MORE, but there is never ever a 'right' price for it  ::)

Its a goood type of sir ka dard, if u know what i mean ;)

Yaar, listen to me too. I've been telling you to buy it. Now if it comes back down to around Rs. 65, don't hesitate to buy it and keep it for the long term. Don't miss it this time around if it gives another chance.  :console:

AKD has Neutral stance over this scrip
as target price of 65.3 is fixed for EFOODs, what is your opinion now?

don't follow akd..... as they risen its target price thrice this year...and more interestingly the target prices is always near to market price every time it comes :tongue:

Its called career risk. Analysts try to give TPs near market price or consensus estimates so they arent the only ones who look stupid when the market moves significantly.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on June 09, 2012, 02:35:13 AM
Any news on when EFOODS will acquire Al-Safa from ENGRO? In their analyst briefing earlier in the year, they said it'll be closed this year but haven't heard anything on it. Anyone have any info?
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on June 11, 2012, 03:14:42 PM
kya scene hai iss ka

Title: FCEPL -- formerly Engro Foods Limited
Post by: mm1964 on June 11, 2012, 04:05:05 PM
Tomorrow EFOOD will rock, we might see upper lock.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on June 11, 2012, 08:18:59 PM
lets hope so
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on June 11, 2012, 09:23:18 PM
Any news on when EFOODS will acquire Al-Safa from ENGRO? In their analyst briefing earlier in the year, they said it'll be closed this year but haven't heard anything on it. Anyone have any info?

Al-safa, when I was in the USA they were smaller than small potatoes, so if EFOODS does acquire them, I think for the first few years it will generate a loss. Al-safa products are only used by muslims looking for halal stuff and that makes it a very small %age of USA and Canada population. Their products were good but expensive.

To make Al-safa competitive in the North American market may take a bit of investment and very tight management. The key will be to get regular, non-desi chain stores, and supermarkets to carry their products which in the post 911 world will not be easy.

I do however wish them success simply because Al-safa products help muslims in North America.
Title: FCEPL -- formerly Engro Foods Limited
Post by: zulfikar on June 11, 2012, 11:10:51 PM
any news of Efoods ???
wat z d good entry level???
Title: FCEPL -- formerly Engro Foods Limited
Post by: dreamer on June 11, 2012, 11:15:43 PM
Any news on when EFOODS will acquire Al-Safa from ENGRO? In their analyst briefing earlier in the year, they said it'll be closed this year but haven't heard anything on it. Anyone have any info?

Al-safa, when I was in the USA they were smaller than small potatoes, so if EFOODS does acquire them, I think for the first few years it will generate a loss. Al-safa products are only used by muslims looking for halal stuff and that makes it a very small %age of USA and Canada population. Their products were good but expensive.

To make Al-safa competitive in the North American market may take a bit of investment and very tight management. The key will be to get regular, non-desi chain stores, and supermarkets to carry their products which in the post 911 world will not be easy.

I do however wish them success simply because Al-safa products help muslims in North America.

You are very right. Pakistani or Indian muslims living in north America prefer 'fresh' halal meat over the packed one offered by Al-Safa. However, I think the middle eastern muslims may go for it. So, the market is not so huge.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on June 12, 2012, 06:13:14 AM
Any news on when EFOODS will acquire Al-Safa from ENGRO? In their analyst briefing earlier in the year, they said it'll be closed this year but haven't heard anything on it. Anyone have any info?

Al-safa, when I was in the USA they were smaller than small potatoes, so if EFOODS does acquire them, I think for the first few years it will generate a loss. Al-safa products are only used by muslims looking for halal stuff and that makes it a very small %age of USA and Canada population. Their products were good but expensive.

To make Al-safa competitive in the North American market may take a bit of investment and very tight management. The key will be to get regular, non-desi chain stores, and supermarkets to carry their products which in the post 911 world will not be easy.

I do however wish them success simply because Al-safa products help muslims in North America.

You are very right. Pakistani or Indian muslims living in north America prefer 'fresh' halal meat over the packed one offered by Al-Safa. However, I think the middle eastern muslims may go for it. So, the market is not so huge.

I have to disagree. Many Muslims buy the frozen kababs, rolls, samosa's, etc. so it's not just fresh meat. They have a very big market infront of them, especially if they can get them in the major grocery chains. I was just wondering when it'll be transferred to EFOODS.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on June 13, 2012, 07:40:46 AM
EFOODS is a BUY BUY BUY BUY BUY!
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on June 13, 2012, 01:07:48 PM
mazeed dip lay ga yaan nahin ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on June 14, 2012, 07:34:57 AM
mazeed dip lay ga yaan nahin ?

Good opportunity to start buying. It's at Rs. 61.38.
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on June 14, 2012, 08:03:06 AM

I have to disagree. Many Muslims buy the frozen kababs, rolls, samosa's, etc. so it's not just fresh meat. They have a very big market infront of them, especially if they can get them in the major grocery chains. I was just wondering when it'll be transferred to EFOODS.

Momo bhai even if you say 100% muslim community in the usa and canada buys "frozen kababs, rolls, samosa's, etc." I will agree with you, but you, in the same breath cannot say "They have a very big market infront of them" based on simply the Muslim population because as a %age of society Muslims are tiny and well spread out, so %age of muslim customers per supermarket is negligible in the grander scheme of things. Transporting refrigerated products across the vast north american landscape is a costly affair and if you are only placing a very limited amount of items per store it will generate too large a logistics bill.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on June 15, 2012, 07:04:55 AM

I have to disagree. Many Muslims buy the frozen kababs, rolls, samosa's, etc. so it's not just fresh meat. They have a very big market infront of them, especially if they can get them in the major grocery chains. I was just wondering when it'll be transferred to EFOODS.

Momo bhai even if you say 100% muslim community in the usa and canada buys "frozen kababs, rolls, samosa's, etc." I will agree with you, but you, in the same breath cannot say "They have a very big market infront of them" based on simply the Muslim population because as a %age of society Muslims are tiny and well spread out, so %age of muslim customers per supermarket is negligible in the grander scheme of things. Transporting refrigerated products across the vast north american landscape is a costly affair and if you are only placing a very limited amount of items per store it will generate too large a logistics bill.

I agree, but they do not have to stay confined to just the muslim community. They can start marketing their food towards the mainstream market. Why constrict yourself and contain your growth?
Title: FCEPL -- formerly Engro Foods Limited
Post by: naumaan on June 22, 2012, 09:57:30 AM
Hi Gurus, why EFOODS sometimes touches UPPER LOCK and on second day it touches LOWER side. Few days back, its reached 69 after two days, its now on 64.5. Any Reason  :[
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on June 22, 2012, 10:46:34 AM
Hi Gurus, why EFOODS sometimes touches UPPER LOCK and on second day it touches LOWER side. Few days back, its reached 69 after two days, its now on 64.5. Any Reason  :[

no reason , just trading range bound....
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on June 22, 2012, 08:39:33 PM
Engro Foods – Company Report

(PDF attached)

(June 22, 2012)

 

Good company, but priced in

We are re-initiating our coverage on Engro Foods Limited (Efoods), Pakistan’s largest dairy player in packed milk segment with a ‘HOLD’ stance. With increased trading activity, the fastest growing packaged food company is currently trading at an expensive 2012 PE of 24x. We believe that despite organic growth in the milk segment, the stock is fairly priced on various valuation techniques. The stock has already provided above average return of 175% as against 22% return posted by benchmark KSE 100 index since its listing in August 2011. Investors should wait for the price to fall, we recommend.

 

Share price influenced by thinly traded Nestle & Unilever

The above average return, we think, of the stock is mainly attributable to its re-rating on account of rising price multiple of its selected peers i.e. Nestle and Unilever. Such a trend may misguide investors as anyone can manipulate Efoods valuation by artificially raising price of Nestle and Unilever which have very limited float. Thus for valuing Efoods, proper price multiple should be assigned in order to reduce Efoods valuation sensitivity to price movement of thinly traded Nestle and Unilever.   

 

Regional peers: A better proxy

A broader sample of food processor from the regional markets is required to mitigate the impact of Efoods valuation sensitivity to selective local peer price movement that are vulnerable to price fluctuation on account of reduced float. We have assigned a premium of 128% over Pakistan market multiple inline with the average price earning premium of two dozen actively traded food processors in the regional markets to arrive at a fair value of Rs61 per share.

 

To complement this, we have also applied DCF valuation technique with multi stage growth rates. We arrived at a price of Rs59/share which further supports our stance that Efoods should be delinked to the multiple of Nestle and Unilever. Similarly based on our broader sample, our Price to Sales (P/S) valuation is Rs66 per share.

 

 
Burj Securities
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on June 22, 2012, 08:46:46 PM
Engro Foods – Company Report

(PDF attached)

(June 22, 2012)

 

Good company, but priced in

We are re-initiating our coverage on Engro Foods Limited (Efoods), Pakistan’s largest dairy player in packed milk segment with a ‘HOLD’ stance. With increased trading activity, the fastest growing packaged food company is currently trading at an expensive 2012 PE of 24x. We believe that despite organic growth in the milk segment, the stock is fairly priced on various valuation techniques. The stock has already provided above average return of 175% as against 22% return posted by benchmark KSE 100 index since its listing in August 2011. Investors should wait for the price to fall, we recommend.

 

Share price influenced by thinly traded Nestle & Unilever

The above average return, we think, of the stock is mainly attributable to its re-rating on account of rising price multiple of its selected peers i.e. Nestle and Unilever. Such a trend may misguide investors as anyone can manipulate Efoods valuation by artificially raising price of Nestle and Unilever which have very limited float. Thus for valuing Efoods, proper price multiple should be assigned in order to reduce Efoods valuation sensitivity to price movement of thinly traded Nestle and Unilever.   

 

Regional peers: A better proxy

A broader sample of food processor from the regional markets is required to mitigate the impact of Efoods valuation sensitivity to selective local peer price movement that are vulnerable to price fluctuation on account of reduced float. We have assigned a premium of 128% over Pakistan market multiple inline with the average price earning premium of two dozen actively traded food processors in the regional markets to arrive at a fair value of Rs61 per share.

 

To complement this, we have also applied DCF valuation technique with multi stage growth rates. We arrived at a price of Rs59/share which further supports our stance that Efoods should be delinked to the multiple of Nestle and Unilever. Similarly based on our broader sample, our Price to Sales (P/S) valuation is Rs66 per share.

 

 
Burj Securities

Wah kia price nikalee hay buj nain.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on June 22, 2012, 09:00:53 PM
Hi Gurus, why EFOODS sometimes touches UPPER LOCK and on second day it touches LOWER side. Few days back, its reached 69 after two days, its now on 64.5. Any Reason  :[

Ye efoods hay bahi, jab ye chalta hay (oper ya naichay ke tarf) to ye apni b nahi sunta.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on June 22, 2012, 10:29:47 PM
Hi Gurus, why EFOODS sometimes touches UPPER LOCK and on second day it touches LOWER side. Few days back, its reached 69 after two days, its now on 64.5. Any Reason  :[

Ye efoods hay bahi, jab ye chalta hay (oper ya naichay ke tarf) to ye apni b nahi sunta.

hahaha well said dehan :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: UKSHERWANI on June 24, 2012, 01:03:11 AM
salamz bro's efoods ki long term kahan tak ja skta hai need help !!!
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on June 24, 2012, 01:34:17 AM
salamz bro's efoods ki long term kahan tak ja skta hai need help !!!

My long term (3-4 more years) target is 225+ obviously 3-4 years is a very long time but generally food industry is recession proof, EFOODS have great products/distribution/network reach and they are continuing to expand. From what i understand their ice cream business is doing very well in the current season. There is the al-Safa transfer in the pipeline too. Lots of pluses, only 2 negatives :

a) 24x PE, but then again, its a growth story so one has to work on future potentials rather than current
b) they are in located in Pakistan, who knows what the next set of looters and jokers will do to the nation, but that is a general market risk, I mean ODGC 48 in 2009 need I say more.

STANDARD DISCLAIMER :Kindly note, I am long in EFOODS, so obviously there is a conflict of interest.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on June 24, 2012, 02:26:53 PM
salamz bro's efoods ki long term kahan tak ja skta hai need help !!!

My long term (3-4 more years) target is 225+ obviously 3-4 years is a very long time but generally food industry is recession proof, EFOODS have great products/distribution/network reach and they are continuing to expand. From what i understand their ice cream business is doing very well in the current season. There is the al-Safa transfer in the pipeline too. Lots of pluses, only 2 negatives :

a) 24x PE, but then again, its a growth story so one has to work on future potentials rather than current
b) they are in located in Pakistan, who knows what the next set of looters and jokers will do to the nation, but that is a general market risk, I mean ODGC 48 in 2009 need I say more.

STANDARD DISCLAIMER :Kindly note, I am long in EFOODS, so obviously there is a conflict of interest.

hmmmm... What about competition ? Efoods isnt the only player in the milk market. EFoods and nestle are the only large players, but there are dozens of smallers ones in market. Granted most of these are pasteurized (higher quality/price, fresher but extremely short shelf life 4-7 days) v efood/nestle  UHT (lower price but benefit of longer shelf life - 3-6 months without refrigeration), but I still see them as competition. Some of these smaller players are backed by heavy weights like Jehangir tareen and arif habib so I expect nestle/efood duopoly to eventually break up. 
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on June 24, 2012, 05:45:12 PM
Tarang lassi launched.
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on June 24, 2012, 05:49:15 PM
Tarang lassi launched.

i think its omang lassi?
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on June 24, 2012, 07:59:16 PM


hmmmm... What about competition ? Efoods isnt the only player in the milk market. EFoods and nestle are the only large players, but there are dozens of smallers ones in market. Granted most of these are pasteurized (higher quality/price, fresher but extremely short shelf life 4-7 days) v efood/nestle  UHT (lower price but benefit of longer shelf life - 3-6 months without refrigeration), but I still see them as competition. Some of these smaller players are backed by heavy weights like Jehangir tareen and arif habib so I expect nestle/efood duopoly to eventually break up.

Apples and oranges, those who trust Dalda continue to use it to date even though Lever has nothing to do with it for decade + now, if they trust Habib Oils name, they pay 15-20% extra and not bother with  'the dozens of smaller' http://pakbiz.com/Edible-Oil_SID120.html That is the thing about food industry a trusted name becomes part of the household generation after generation.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on June 24, 2012, 09:00:29 PM
stupid product
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on June 24, 2012, 09:47:41 PM
stupid product

Think its a good new introduction, I have bought and consumed and enjoyed packaged lassi (not made by EFOODS) in all flavours (strawberry/mango etc) during my last 2 weeks here in Malaysia, I even mentioned to my dad if he thought there was any potential for it in Pakistan, and now I see EFOODS already acted on this idea (damn seems like I am late at discovering everything).

Over here, I see it in every 7/11 convenience store, KK mid sized super markets, Carefore large supermarket and Giant Mart (full scale hypermart) and its doing good business here as well as in Singapore. Magic Foods SND BHD has the most successful low fat lassi product on the market here. Just took a gulp of it as I type this  ;)  http://price.malaysiamostwanted.com/img/images/0000/0001/3307.jpg

Your personal dislike for packaged lassi notwithstanding, I don't see how its a stupid product, care to elaborate ?
Title: FCEPL -- formerly Engro Foods Limited
Post by: sanwar on June 24, 2012, 10:21:07 PM
Space bhai, I have tried efoods tarang (sweet lassi). It tasted nice...!
I am sure, they will be interested in introducing their product offshore... ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on June 24, 2012, 11:31:19 PM
stupid product

Think its a good new introduction, I have bought and consumed and enjoyed packaged lassi (not made by EFOODS) in all flavours (strawberry/mango etc) during my last 2 weeks here in Malaysia, I even mentioned to my dad if he thought there was any potential for it in Pakistan, and now I see EFOODS already acted on this idea (damn seems like I am late at discovering everything).

Over here, I see it in every 7/11 convenience store, KK mid sized super markets, Carefore large supermarket and Giant Mart (full scale hypermart) and its doing good business here as well as in Singapore. Magic Foods SND BHD has the most successful low fat lassi product on the market here. Just took a gulp of it as I type this  ;)  http://price.malaysiamostwanted.com/img/images/0000/0001/3307.jpg

Your personal dislike for packaged lassi notwithstanding, I don't see how its a stupid product, care to elaborate ?

hmmm space bhai you've shared your experience... thats great to know,

actually we have a culture here to comment over anything and let things in air regardless of the fact that what's really hidden in the box, or dunno what's the market response to it...
my opinion is one should see the market response.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on June 25, 2012, 02:25:43 AM
Jo marzi product nikalin profit achay honay chayee
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on June 25, 2012, 07:28:58 AM
salamz bro's efoods ki long term kahan tak ja skta hai need help !!!

My long term (3-4 more years) target is 225+ obviously 3-4 years is a very long time but generally food industry is recession proof, EFOODS have great products/distribution/network reach and they are continuing to expand. From what i understand their ice cream business is doing very well in the current season. There is the al-Safa transfer in the pipeline too. Lots of pluses, only 2 negatives :

a) 24x PE, but then again, its a growth story so one has to work on future potentials rather than current
b) they are in located in Pakistan, who knows what the next set of looters and jokers will do to the nation, but that is a general market risk, I mean ODGC 48 in 2009 need I say more.

STANDARD DISCLAIMER :Kindly note, I am long in EFOODS, so obviously there is a conflict of interest.

hmmmm... What about competition ? Efoods isnt the only player in the milk market. EFoods and nestle are the only large players, but there are dozens of smallers ones in market. Granted most of these are pasteurized (higher quality/price, fresher but extremely short shelf life 4-7 days) v efood/nestle  UHT (lower price but benefit of longer shelf life - 3-6 months without refrigeration), but I still see them as competition. Some of these smaller players are backed by heavy weights like Jehangir tareen and arif habib so I expect nestle/efood duopoly to eventually break up. 

The other names aren't well known enough. There's obviously the old Haleeb, but that's barely seen anywhere now. These two are the dominant players. The others will never catch up to them, just for the simple reason of the financial, distrbution, supply chain, and management might of these two companies.

Jo marzi product nikalin profit achay honay chayee

Bhai, I think you missed the train of EFOODS, which has left a sour taste in your mouth. There's still time. Jump in while you can.

Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on June 25, 2012, 09:44:20 AM
salamz bro's efoods ki long term kahan tak ja skta hai need help !!!

My long term (3-4 more years) target is 225+ obviously 3-4 years is a very long time but generally food industry is recession proof, EFOODS have great products/distribution/network reach and they are continuing to expand. From what i understand their ice cream business is doing very well in the current season. There is the al-Safa transfer in the pipeline too. Lots of pluses, only 2 negatives :

a) 24x PE, but then again, its a growth story so one has to work on future potentials rather than current
b) they are in located in Pakistan, who knows what the next set of looters and jokers will do to the nation, but that is a general market risk, I mean ODGC 48 in 2009 need I say more.

STANDARD DISCLAIMER :Kindly note, I am long in EFOODS, so obviously there is a conflict of interest.

hmmmm... What about competition ? Efoods isnt the only player in the milk market. EFoods and nestle are the only large players, but there are dozens of smallers ones in market. Granted most of these are pasteurized (higher quality/price, fresher but extremely short shelf life 4-7 days) v efood/nestle  UHT (lower price but benefit of longer shelf life - 3-6 months without refrigeration), but I still see them as competition. Some of these smaller players are backed by heavy weights like Jehangir tareen and arif habib so I expect nestle/efood duopoly to eventually break up. 

The other names aren't well known enough. There's obviously the old Haleeb, but that's barely seen anywhere now. These two are the dominant players. The others will never catch up to them, just for the simple reason of the financial, distrbution, supply chain, and management might of these two companies.

Jo marzi product nikalin profit achay honay chayee

Bhai, I think you missed the train of EFOODS, which has left a sour taste in your mouth. There's still time. Jump in while you can.

  :biggthumpup:
Title: FCEPL -- formerly Engro Foods Limited
Post by: engrusama on June 25, 2012, 08:35:48 PM
dont know about the product but the lassi thing has got to have one of the most irritating tv ads ever..... hate the pseudo-retro bakwaas.
Title: FCEPL -- formerly Engro Foods Limited
Post by: UKSHERWANI on June 26, 2012, 01:47:30 AM
@space bro yea good in long run and inshallah food will not go in recession @eng usama its like their target market about add mostly mass market @007 inshallah achey hongey :P @stocks bhai its everywhere in market and response is good as far as my observation even bigger stores are bulk buying it and ramadan in garmi so i think chaley gi sehar iftaar me :P !!! baki allah knows best !!!
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on June 26, 2012, 07:27:33 AM
Has anyone tried the lassi? Any good?

Also, what's your guys' take on EFOODS entering the bottled water segment? Shortage of water, and a good inelastic business. Why not enter it?
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on June 26, 2012, 07:58:56 AM
Has anyone tried the lassi? Any good?

Also, what's your guys' take on EFOODS entering the bottled water segment? Shortage of water, and a good inelastic business. Why not enter it?

are they entering it ? its a a very good business. crazy margins. all they do is filter water. we get aquifina.. and they raise their prices 10-15% per annum. note chapnay ki machine hai. also, highly unethical business.
Title: FCEPL -- formerly Engro Foods Limited
Post by: hamidkhan on June 26, 2012, 01:12:50 PM
 :clap1: :clap1:Tarang is Tea whitner and not meethi Lasi :dance
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on June 26, 2012, 11:07:27 PM
Lassi has made efoods khassi
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on June 27, 2012, 06:41:20 AM
Has anyone tried the lassi? Any good?

Also, what's your guys' take on EFOODS entering the bottled water segment? Shortage of water, and a good inelastic business. Why not enter it?

are they entering it ? its a a very good business. crazy margins. all they do is filter water. we get aquifina.. and they raise their prices 10-15% per annum. note chapnay ki machine hai. also, highly unethical business.

That's what people think, but I was reading Coke's (I think) CEO say that it's not as simple as it sounds. There's the cost of bottling, transportation, quality and assurance, and other important things. Just like a beverage, except that it's water. But I do think they should enter it. Good demand and good margins I think. Let's see what the next product launch is.

:clap1: :clap1:Tarang is Tea whitner and not meethi Lasi :dance

Yes, that was one of their first product launches, but they've recently launched lassi.
Title: FCEPL -- formerly Engro Foods Limited
Post by: UKSHERWANI on June 27, 2012, 11:57:41 AM
Its Omung Lassi meethi and namkeen :)  :tongue:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Khawar on June 30, 2012, 01:03:04 PM
Is there any time frame known for when EFOODS will become Sharia complaint?
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on June 30, 2012, 02:22:28 PM
Is there any time frame known for when EFOODS will become Sharia complaint?

It is already Shariah compliant
Title: FCEPL -- formerly Engro Foods Limited
Post by: Khawar on June 30, 2012, 02:28:07 PM
thnx
Title: FCEPL -- formerly Engro Foods Limited
Post by: naumaan on July 01, 2012, 06:44:46 PM
You can also find list of Shria' compliant companies on official KSE website (there will be bottom most icon on the left side).
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 05, 2012, 11:19:22 AM
Raising the bar even higher in 2Q; Buy
We see a continuation of earnings growth momentum in 2Q with EPS of PRs0.76/sh (up 18.3%
QoQ). This should bring 1H earnings to PRs1.41/sh (+390% YoY) which constitutes 49% of our
2012E estimate (PRs2.87/sh). Our expectation is based on a mix of higher dairy volumes,
PRs10/ltr price hike for UHT milk (Olpers) and seasonally higher revenue posted in the icecream
segment. Trading at 12E P/E of 22.6x and EV/EBITDA of 10.8x, EFoods remains an ideal
play on Pakistan’s demand driven consumer sector. Reiterate Buy.

Volume growth story of Dairy & Juices segment untarnished
We estimate EFoods revenue to touch PRs10.3bn, up 7% QoQ to keep the quarterly
ascendancy in sales intact. ‘Dairy Omung’ is expected to further bolster its presence as the
only processed milk product targeting the lower middle classes and speeding up the
conversion of loose milk. A couple of granular details are worth noting in this regard; (1)
recent hike in milk prices by PRs10/ltr was only applicable to Olpers and (2) loose milk prices
are up 6.3% in 2Q12. Having said this, we pinpoint that the price of ‘Dairy Omung’ is still
unchanged at PRs65/ltr, which is vital to keep the low?price appeal intact, in our view.
We eye gross margin accretion in the segment to the tune of 100?150bps from 1Q levels
(23%); however unchanged rates for ‘Dairy Omung’ could keep the upside restricted. We also
flag that upside risk to our full year estimates may emerge from higher than expected market
share in the UHT segment (44% in 1Q).

Seasonal pick up in ice?cream sales
We expect ice?cream sales to touch PRs1.1bn as 2Q & 3Q have historically seen the ice?cream
segment post handsome revenues/volumes while enjoying superior margins. However
segment profitability is likely to remain in the red. As per EFoods’ management, geographical
expansion in ice?cream segment is on track however we are mindful of the deteriorating
energy outages which pose a risk to the company’s expansion plans and our sales estimates.

‘Omung Lassi’ added to the menu
EFoods has launched its latest brand, ‘Omung Lassi’ in two flavors (sweet and saltish).
Targeting selective cities, the company has undertaken an aggressive marketing campaign and
to?date the product response has been positive. Management guidance indicates that the
sweet flavor has so far garnered ~60% of ‘Omung Lassi’ sales. The product is available in only
one Stock Keeping Unit (SKU) of 200ml however launch of one liter packs in time for the
month of Ramazan is being planned. We await further clarity on the new product launch
before tweaking our estimates.

EFoods?Financial Highlights
PRsmn 2011A 2012E 2013E
Revenues 29,859 40,317 50,873
% Change 42.6% 35.0% 26.2%
PAT 891 2,158 2,858
% Change 407.3% 142.3% 32.4%
EPS (PRs) 1.18 2.87 3.80
PER (x) 54.69 22.58 17.05
P/BV (x) 6.73 5.61 4.22
ROE (%) 12.3% 24.8% 24.7%
EV/EBITDA 17.97 10.77 7.47
Source: EFoods, KASB Estimates
Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 05, 2012, 06:49:26 PM
hi Guys , pls advise what do u c the future of efoods. still its share at high price without matching with earning. still u feel it can go up and how much.wt is its future in coming year.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 06, 2012, 05:00:20 AM
hi Guys , pls advise what do u c the future of efoods. still its share at high price without matching with earning. still u feel it can go up and how much.wt is its future in coming year.

Bhai, this is a growth story. These shares are priced more expensive than others. It's a buy at this level.
Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 06, 2012, 06:15:21 PM
thanks momo bhai.

farooq bhai ! can u also pls comment on!!

Title: FCEPL -- formerly Engro Foods Limited
Post by: space on July 06, 2012, 09:09:30 PM
hi Guys , pls advise what do u c the future of efoods. still its share at high price without matching with earning. still u feel it can go up and how much.wt is its future in coming year.

Bhai, this is a growth story. These shares are priced more expensive than others. It's a buy at this level.

Momo you know I love EFOODS, its 5% of my portfolio, I wanted to double up in a dip to the mid 50s, which did not happen now with earnings around the corner you suggest doubling up on current 64-66 levels ? I am looking for EFOODS from a 3-4 years more investment perspective so rs10 should not matter to me, but I am memon which means I like to buy as cheap as possible ;) do you see it dipping to 50s should KSE experience correction (tho I am very impressed already in a 1000 pt correction it did not go below 60)
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 06, 2012, 09:51:45 PM
hi Guys , pls advise what do u c the future of efoods. still its share at high price without matching with earning. still u feel it can go up and how much.wt is its future in coming year.

Bhai, this is a growth story. These shares are priced more expensive than others. It's a buy at this level.

Momo you know I love EFOODS, its 5% of my portfolio, I wanted to double up in a dip to the mid 50s, which did not happen now with earnings around the corner you suggest doubling up on current 64-66 levels ? I am looking for EFOODS from a 3-4 years more investment perspective so rs10 should not matter to me, but I am memon which means I like to buy as cheap as possible ;) do you see it dipping to 50s should KSE experience correction (tho I am very impressed already in a 1000 pt correction it did not go below 60)

not giving the big words bro space, but forget about 50's now:P
told you from the day it tumbled from 81 the ever high... that its gonna hover around 60's
so get ready for the next flight now...:)
buying horizon, 3 to 4 years and waiting for 10rs dip:) wouldn't be surprised to see you doubling it at lot higher.
gudluck bro.
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on July 06, 2012, 10:29:26 PM
hi Guys , pls advise what do u c the future of efoods. still its share at high price without matching with earning. still u feel it can go up and how much.wt is its future in coming year.

Bhai, this is a growth story. These shares are priced more expensive than others. It's a buy at this level.

Momo you know I love EFOODS, its 5% of my portfolio, I wanted to double up in a dip to the mid 50s, which did not happen now with earnings around the corner you suggest doubling up on current 64-66 levels ? I am looking for EFOODS from a 3-4 years more investment perspective so rs10 should not matter to me, but I am memon which means I like to buy as cheap as possible ;) do you see it dipping to 50s should KSE experience correction (tho I am very impressed already in a 1000 pt correction it did not go below 60)

not giving the big words bro space, but forget about 50's now:P
told you from the day it tumbled from 81 the ever high... that its gonna hover around 60's
so get ready for the next flight now...:)
buying horizon, 3 to 4 years and waiting for 10rs dip:) wouldn't be surprised to see you doubling it at lot higher.
gudluck bro.

Yes as we just discussed on chat, seems like I will double up in the 90s :D but that is what I am trying to avoid, 10% EFOODS in pf is a good idea (for me since I mostly play long) but I don't want to do an FIPI so got to plan some off loading 1st ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: phdmaker on July 07, 2012, 12:43:15 PM
Apart from its all growth story for long term investment, it is good to play with for short term trades usually of 1 week.

Current range of trading is 63-69. I myself sold all yesterday @ 68.08 in last minute of session which was bought back @ 64.

Hoping to see it back to 66-67 on Monday.  ::)
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 08, 2012, 09:05:11 AM
hi Guys , pls advise what do u c the future of efoods. still its share at high price without matching with earning. still u feel it can go up and how much.wt is its future in coming year.

Bhai, this is a growth story. These shares are priced more expensive than others. It's a buy at this level.

Momo you know I love EFOODS, its 5% of my portfolio, I wanted to double up in a dip to the mid 50s, which did not happen now with earnings around the corner you suggest doubling up on current 64-66 levels ? I am looking for EFOODS from a 3-4 years more investment perspective so rs10 should not matter to me, but I am memon which means I like to buy as cheap as possible ;) do you see it dipping to 50s should KSE experience correction (tho I am very impressed already in a 1000 pt correction it did not go below 60)

not giving the big words bro space, but forget about 50's now:P
told you from the day it tumbled from 81 the ever high... that its gonna hover around 60's
so get ready for the next flight now...:)
buying horizon, 3 to 4 years and waiting for 10rs dip:) wouldn't be surprised to see you doubling it at lot higher.
gudluck bro.

Yaar, BUY IT! I don't see it coming down in the 50's range, but I can't say for sure. I would suggest you buy it. The P/E will keep getting compressed after each earnings reports, so the price will keep going up. It's a great company, with amazing food products, in a growing industry, and managed by a great group of people. I would suggest only what I am doing, and you know I love this thing. I myself recently bought it around Rs. 65 and Rs. 68. I've been advocating this stock since before it came out, and am thankful to Allah that it has performed well.
Title: FCEPL -- formerly Engro Foods Limited
Post by: hisham on July 08, 2012, 10:56:16 AM
I'm expecting it to go up to 80 after mid-year results and 100+ in January
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 08, 2012, 05:00:41 PM
lots of expectations lets hope they are not dashed
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 08, 2012, 06:50:03 PM
lots of expectations lets hope they are not dashed

some expects dip while some go for long, conflict of interests  ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 09, 2012, 12:09:09 AM
Lao karo kal issay 71  :dance
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 09, 2012, 12:14:28 AM
Lao karo kal issay 71  :dance

laao maal..
Title: FCEPL -- formerly Engro Foods Limited
Post by: newbird on July 09, 2012, 12:47:22 PM
farzooq bhai efoods ka batain plz....
kaha sell krna chahiya???   
Title: FCEPL -- formerly Engro Foods Limited
Post by: hisham on July 09, 2012, 04:17:45 PM
 :dance :shoaby: :clap1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 09, 2012, 04:21:19 PM
Lao karo kal issay 71  :dance

electra mera hua
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on July 09, 2012, 07:09:55 PM
Lao karo kal issay 71  :dance

laao maal..

abb 70s mein stable karoooooooooooo ;)
obligatory  :dance :dance :dance
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 09, 2012, 09:38:29 PM
Lao karo kal issay 71  :dance

laao maal..

abb 70s mein stable karoooooooooooo ;)
obligatory  :dance :dance :dance

inshallah... laaaaao maal :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 10, 2012, 10:44:16 AM
 :D
Title: FCEPL -- formerly Engro Foods Limited
Post by: M Obaid Khan on July 10, 2012, 11:15:13 AM
Efoods Is The Greatest Shear In Market :dance :dance :thumbsup_anim: :clap1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: pax on July 10, 2012, 01:21:17 PM
That's true, but lets if it hits upper 70's or not. Seems like it is not heading for a cap today....
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 11, 2012, 11:21:52 AM
AKD Daily

EFOODS 1HCY12 Result Preview

EFOODS will be declaring its 1HCY12 results on Jul 13'12. We forecast the company's bottomline to grow by 4.7x YoY to PkR1,015mn (EPS: PkR1.35) during the review period. For 2QCY12, we forecast NPAT to stand at PkR530mn (EPS: PkR0.70), which would represent a sequential growth of 9%. At current levels, we have a Neutral stance on the scrip which is trading at a slight premium to our Dec-end price target of PkR69.

1HCY12 earnings to grow 4.7xYoY: EFOODS is forecast to post an NPAT of PkR1,015mn (EPS: PkR1.35) in 1HCY12 which would represent an earnings growth of 4.7xYoY. Earnings growth will likely be driven by a 52%YoY expansion in topline to PkR20.8bn. Similarly, gross profits are forecast to grow by 68%YoY to PkR4.9bn where besides the revenue growth, improvement in GMs (+220bps YoY to 23.6%) will also contribute to the gross profit growth. Dairy Segment is expected to continue being the star performer where we estimate the segment's revenue to grow by 59%YoY to PkR19.6bn while operating margins are also expected to improve by 276bps YoY to 6.8%. On the other hand, Ice Cream segment revenue is estimated to fall by 7%YoY to PkR1.3bn, where an extended winter season coupled with frequent electricity outages are expected to hurt sales.        .

2QCY12 EPS to stand at PkR0.70: We expect EFOODS to register a 9%QoQ growth in profitability to PkR530mn (EPS: PkR0.70) in 2QCY12, following a 15% increase in revenue and a 50bps improvement in gross margins. Besides the volumetric growth in sales, increase in milk prices by ~15% during the quarter is expected to augment Dairy segment revenues. Seasonal uptick in Ice Cream demand is also expected to bolster the Ice Cream segment revenues, however despite the uptick in sales, the segment is expected to record an operating loss of PkR103mn during 2QCY12.

Positives priced in for now: EFOODS has been the outperformer at the KSE with CYTD return of 224%. Furthermore, the scrip has rallied strongly in Jul'12TD (+12%), possibly on expectation of improved profitability in 2QCY12. However, we believe that positives for EFOODS are priced in for now and recommend a 'Hold' at current levels where the scrip is trading at a 5% premium to our Dec-end price target of PkR69. While we remain bullish on the long term prospects of EFOODS given the huge potential in the packaged milk industry, concerns emanate from the company's ability to raise further financing given the domestic banking sector’s heavy exposure to the Engro Group..
Title: FCEPL -- formerly Engro Foods Limited
Post by: pax on July 11, 2012, 11:45:32 AM
Yeah, not a heartening report at all from AKD. Let's see, how much it falls today. I'm selling it at 72.7 for now.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 11, 2012, 01:48:06 PM
Engro Foods is scheduled to announce its 1H2012
financial result on July 17, 2012. The company is
expected to post PAT of Rs1,098mn (EPS: Rs1.45)
in 1H2012, compared to PAT of Rs217mn (EPS:
Rs0.29) in the same period last year. In 2Q alone,
the earnings are expected to register at Rs612mn
(EPS: Rs0.81), up 26%QoQ. The growth is primarily
derived from the dairy and juices segment. On the other hand,
the bottom line of the ice cream business is still likely to
remain in the red zone despite volumetric growth.
Furthermore, EFOODS has introduced a new product line
Omung Lassi, however, to gauge its impact on the profitability
of the company we will have to wait for the public response.
We currently have a ‘Hold’ stance on the stock with the 2012E
PE of 25.3x.

Financial highlights
(Rs mn) 2Q2012 1Q2012 QoQ%? 1H2012 1H2011 YoY%?
Net Sales 10,401 9 ,666 8% 20,067 13,652 47%
Cost of sales 7,811 7,410 5% 15,221 10,730 42%
Gross Profit 2 ,590 2,256 15% 4 ,846 2,922 66%
Dist & mktg exp. 1,098 1,070 3% 2,168 1,702 27%
Admin exp. 2 41 230 5% 471 353 34%
Other op. exp. 7 7 73 6% 150 5 4 176%
Other op. income 7 2 65 11% 137 4 4 215%
Operating Profit 1 ,246 9 48 31% 2,194 8 57 156%
Fianance cost 3 19 209 52% 5 28 522 1%
Profit before tax 927 739 26% 1,666 3 35 397%
Tax 3 15 253 25% 5 68 118 380%
Profit after tax 612 486 26% 1,098 2 17 407%
EPS (Rs) 0.81 0.64 26% 1.45 0.29 407%
Source: Company accounts & JS Research

EPS for 2Q2012 expected at Rs0.81
The top line of EFOODS is likely to grow by 8%QoQ to
Rs10.4bn. An increase of Rs10/litre in Olper’s (Packaged
Milk) prices is likely to augment the company’s revenues. The
volumes in its Dairy segment are also expected to grow
mainly because of higher sales of its tea whitener (Tarang)
and Dairy Omung (for budget conscious society of the
country). To recall, the recent hike in milk prices by Rs10/litre
was only applicable on Olper’s while Dairy Omung prices
remained intact. The continuous expansion and seasonality
factor will likely enhance volumetric sales of its ice cream
segment; however, the bottom line is still expected to remain
in the red zone. Consequently, EFOODS is likely to report an
EPS of Rs0.81 in 2Q2012.

New addition ‘Omung Lassi’
EFOODS has introduced a new product line Omung Lassi
and is following an aggressive marketing campaign for the
popularity of the product. As the product is in its initial stage,
we will have to wait for the public response to gauge its
impact on the profitability of the company going forward.

Outlook
EFOODS is in continuous expansionary mode and it currently
trades at a 2012E PE of 25.3x. We have a ‘Hold’ stance on
the stock. However, due to its expansionary nature, the key
risk to our investment thesis remains the sales growth
assumption and financial burden owing to its leveraged
balance sheet.

jsgcl
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 11, 2012, 02:41:55 PM
Yeah, not a heartening report at all from AKD. Let's see, how much it falls today. I'm selling it at 72.7 for now.

screw akd and js they never give a genuine call
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 12, 2012, 06:24:46 AM
Yeah, not a heartening report at all from AKD. Let's see, how much it falls today. I'm selling it at 72.7 for now.

screw akd and js they never give a genuine call

These same houses will be giving buy calls in a couple months' time when this share is trading around Rs. 85. I still think it's a buy at these levels, or on slight dips, for the long term.
Title: FCEPL -- formerly Engro Foods Limited
Post by: asim.786 on July 12, 2012, 07:48:52 AM
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=034614
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 13, 2012, 11:41:41 AM
EFOODS: Expecting 14% Sequential PAT Growth

   We expect EFOODS to post PAT growth of 383% YoY to PKR1,046mn (EPS: PKR1.39) for 1HCY12

   For 2QCY12, we anticipate the company to state earnings of PKR560mn (EPS: PKR0.74), representing growth of 464% YoY and 14% QoQ

   The outgoing quarter witnessed an addition to EFOODS’ “Omung” portfolio with the launch of “Omung Lassi”. Our market intelligence suggests favorable response to the sweet flavored version

   Having incorporated updated price multiples for regional food producers and the broader market index in our relative valuation models for EFOODS, our Dec12 target price for the company has been revised upward to PKR75/sh

   We maintain our ADD stance on the stock, with an upside potential of 7% to its TP. The company continues to present strong long term growth prospects in Pakistan’s FMCG space, which has shown sustainable sales CAGR of above ~20% for the last 5 years
 
bma
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on July 13, 2012, 01:09:52 PM
EFOODS to post the EPS of Rs0.75 for 2QCY12                                         Written as on July 13, 2012

Highlights

            •         EFOODS to post EPS of Rs0.75 during 2QCY12, Rs1.40 for 1HCY12

            •         Dairy segment to pull up 5%QoQ, gross margin to stand at 23% 2QCY12

            •         Outlook: 'Hold' with Dec-12 TP of Rs70

 

In today's Value Seeker, we presents result preview of Engro Foods for 2QCY12 along with the outlook for the scrip.

EFOODS to post EPS of Rs0.75 during 2QCY12, Rs1.40 for 1HCY12

EFOODS is schedule to announce its 2QCY12 result on July 17, 2012, we expect the company to post the 2QCY12 Profit after tax of Rs565mn EPS of 0.75 compared to Profit after tax of just Rs99mn and EPS of Rs0.13 during same period last year. On cumulative basis during 1HCY12, the company is expected to register the PAT of Rs1,051mn and EPS of Rs1.40 compare to the PAT of Rs217mn and EPS of Rs0.29 witnessed during same period last year. The huge jump in earnings during the quarter is expected to be well supported by top line earnings of the company as company is expected to post the net sales of Rs10.14bn compared to sales of Rs7.2bn witnessed during same period last year, posting the growth of 40%YoY, 5%QoQ.

Dairy segment to pull up 5%QoQ, gross margin to stand at 23% 2QCY12

Dairy and Juices segment are expected to continue mark robust growth (5%QoQ), also on the same side ice-cream segment is expected to continue to remain in lime-light. The gross margins of the company during the quarter are expected to settle at 23% up 174bps YoY, whereas net margins are expected to stand at 5.6% up 420bpsYoY. During the quarter EFOODS also launched new product line with the brand name of Omang Lassi, the product is still in the introductory phase and yet to post any significant result. On full year basis, the company is expected to post the Profit after tax of Rs2, 250mn and EPS of Rs3.0 for CY12 compared to the profit after tax of Rs891mn and EPS of Rs1.19 during CY11.

Outlook: 'Hold' with Dec-12 TP of Rs70

EFOODS has posted the price appreciation of 37%QoQ during 2QCY12 (209% return CYTD). Our Dec-12 target price for Efoods is Rs70 per share the scrip is currently trading at PE multiple of 23x. At current level we propose 'Hold' stance for this scrip.

InvestCap
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 13, 2012, 02:30:28 PM
If foods tp us 70 and it's trading above 70 then why effing hold it should be sell

What a shit house report
Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 13, 2012, 02:51:21 PM
i personal believe every one is giving his own ideas about the price. when it was getting plus every one started saying 100. and now it was in negative mood from last 2 days , people start giving ideas for 70 or 75 for dec12. i might not know the reason of negative in last days , can some one advise.

Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 13, 2012, 03:08:49 PM
1HCY12 Result Preview

Engro Foods (EFOODS) is expected to announce its 1HCY12 result on Jul 17’12. We expect the company to post NPAT of PkR1,065mn (EPS:PkR1.42) in 1HCY12 (up 5xYoY) compared to NPAT of PkR217mn (EPS:PkR0.29) posted in 1HCY11. Volumetric and price growth in the Dairy & Juices segment is expected to lead to a sequential revenue growth of 9%QoQ in 2QCY12, translating into NPAT of PkR579mn (EPS: PkR0.77), up 19%QoQ. We expect total dairy volumes to increase substantially by 50%YoY in 2QCY11 while the Ice Cream segment is expected to contribute 9.5% to total revenues in 2QCY12 compared to 4.2% in 1QCY12, owing largely to a seasonal uptick in sales. At the same time, we do not expect the Ice Cream segment to turn to profit due to continued high marketing expenditure. Going forward, market share expansion in the company’s flagship brand Olpers is expected while Omung will likely eat into the loose milk market as well. While the growth curve is also likely to be accelerated with the introduction of 13 new products, as announced by the company, we highlight Engro Corp’s growing debt servicing concerns as a major risk towards further expansion.

 
BPCL
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on July 13, 2012, 06:26:13 PM
If foods tp us 70 and it's trading above 70 then why effing hold it should be sell

What a shit house report

generally research houses follow a principle of 10% or 5% etc for change in recommendation. like if stock is trading at at least 10% above tp they will recommend sell. otherwise hold. Some houses say if stock is 5% less than tp then 'add' but if 10% less than tp then 'buy'


Ideally all brokers should list these guidelines on every piece of research they publish.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on July 14, 2012, 08:31:33 PM
If foods tp us 70 and it's trading above 70 then why effing hold it should be sell

What a shit house report

generally research houses follow a principle of 10% or 5% etc for change in recommendation. like if stock is trading at at least 10% above tp they will recommend sell. otherwise hold. Some houses say if stock is 5% less than tp then 'add' but if 10% less than tp then 'buy'


Ideally all brokers should list these guidelines on every piece of research they publish.

Yar efoods ki TP ko Engro Group ko nahi pata. Yeh research walay kia janain. It highly volatile share bai jan. 3 floor b laga sukta hay aur 5 cap b.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 15, 2012, 02:30:49 AM
1HCY12 Result Preview

Engro Foods (EFOODS) is expected to announce its 1HCY12 result on Jul 17’12. We expect the company to post NPAT of PkR1,065mn (EPS:PkR1.42) in 1HCY12 (up 5xYoY) compared to NPAT of PkR217mn (EPS:PkR0.29) posted in 1HCY11. Volumetric and price growth in the Dairy & Juices segment is expected to lead to a sequential revenue growth of 9%QoQ in 2QCY12, translating into NPAT of PkR579mn (EPS: PkR0.77), up 19%QoQ. We expect total dairy volumes to increase substantially by 50%YoY in 2QCY11 while the Ice Cream segment is expected to contribute 9.5% to total revenues in 2QCY12 compared to 4.2% in 1QCY12, owing largely to a seasonal uptick in sales. At the same time, we do not expect the Ice Cream segment to turn to profit due to continued high marketing expenditure. Going forward, market share expansion in the company’s flagship brand Olpers is expected while Omung will likely eat into the loose milk market as well. While the growth curve is also likely to be accelerated with the introduction of 13 new products, as announced by the company, we highlight Engro Corp’s growing debt servicing concerns as a major risk towards further expansion.

 
BPCL

What does ENGRO Corp's debt have anything to do with EFOODS? EFOODS is a different entity, separate from ENGRO Corp. It might mean it'll be harder for them to get loans, but EFOODS has good cash flows, and they seem to be doing fine with obtaining loans. ENGRO Corp is also looking at doing some maneuvering in regards to its fertilizer plant .Plus they have other flourishing businesses as well.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on July 15, 2012, 10:20:26 AM
1HCY12 Result Preview

Engro Foods (EFOODS) is expected to announce its 1HCY12 result on Jul 17’12. We expect the company to post NPAT of PkR1,065mn (EPS:PkR1.42) in 1HCY12 (up 5xYoY) compared to NPAT of PkR217mn (EPS:PkR0.29) posted in 1HCY11. Volumetric and price growth in the Dairy & Juices segment is expected to lead to a sequential revenue growth of 9%QoQ in 2QCY12, translating into NPAT of PkR579mn (EPS: PkR0.77), up 19%QoQ. We expect total dairy volumes to increase substantially by 50%YoY in 2QCY11 while the Ice Cream segment is expected to contribute 9.5% to total revenues in 2QCY12 compared to 4.2% in 1QCY12, owing largely to a seasonal uptick in sales. At the same time, we do not expect the Ice Cream segment to turn to profit due to continued high marketing expenditure. Going forward, market share expansion in the company’s flagship brand Olpers is expected while Omung will likely eat into the loose milk market as well. While the growth curve is also likely to be accelerated with the introduction of 13 new products, as announced by the company, we highlight Engro Corp’s growing debt servicing concerns as a major risk towards further expansion.

 
BPCL

What does ENGRO Corp's debt have anything to do with EFOODS? EFOODS is a different entity, separate from ENGRO Corp. It might mean it'll be harder for them to get loans, but EFOODS has good cash flows, and they seem to be doing fine with obtaining loans. ENGRO Corp is also looking at doing some maneuvering in regards to its fertilizer plant .Plus they have other flourishing businesses as well.

I think what they meant to say is that efoods borrows from engro corp and engro corp can borrow from market/bank at lower rate because of its established business etc. Efoods is still growing and highly leveraged, engro gonna get loans cheaper than efoods. Most conglomerates in pakistan use this structure, where the established parent borrows at lower rates for its subsidiaries, and then re loans amount to its sub.
Title: FCEPL -- formerly Engro Foods Limited
Post by: sanwar on July 15, 2012, 12:06:59 PM
@momo, what is your efoods holding price and target price...
Title: FCEPL -- formerly Engro Foods Limited
Post by: hamidkhan on July 16, 2012, 12:29:41 PM
If foods tp us 70 and it's trading above 70 then why effing hold it should be sell

What a shit house report
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 16, 2012, 01:02:41 PM
yeh to hona hee tha

for short term i say kal sell karoo first half main
Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 16, 2012, 04:23:55 PM
friends pls cooment ,wt will be its movement if eps comes good. after the last quater annocement it hits 5 consecutive upper caps. wt price u c in short term.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 16, 2012, 06:48:37 PM
it will remain rangebound most likely
Title: FCEPL -- formerly Engro Foods Limited
Post by: sufi on July 16, 2012, 07:06:15 PM
it will remain rangebound most likely

efoods range bound you must be kidding
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on July 16, 2012, 08:12:41 PM




tomorow 1.35 Eps a rahe hey announcement sey pehley maal bech dena bohat badi quantity in house badley mey parey hey jo announcement key baad sale ho gey may be baad mey efood 63 ka mil jaye
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on July 16, 2012, 08:41:18 PM




tomorow 1.35 Eps a rahe hey announcement sey pehley maal bech dena bohat badi quantity in house badley mey parey hey jo announcement key baad sale ho gey may be baad mey efood 63 ka mil jaye

Bari khabar nikali hay ap nain yar agar ap ye mkt open time main bata daitay to main saray share sale kar daita cap per aur phir 63 pe lay liat. 7 Rs. per share profit and a total 70,000 in one day.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on July 16, 2012, 08:51:00 PM
it will remain rangebound most likely

efoods range bound you must be kidding

Yar ye waqai range bound hay. 60 say 72 ke range hay iski. itni paki range honain k bawajood kisi ko is ki range ka pata nahi. 007 bai nain aj is ki range ka raz b fash kar dia hay. Result k bad is ke kia range banti hay kal pat chal jai ga.


Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 16, 2012, 11:19:41 PM
yeh to hona hee tha

for short term i say kal sell karoo first half main

What I say uuu
Title: FCEPL -- formerly Engro Foods Limited
Post by: phdmaker on July 16, 2012, 11:52:09 PM




tomorow 1.35 Eps a rahe hey announcement sey pehley maal bech dena bohat badi quantity in house badley mey parey hey jo announcement key baad sale ho gey may be baad mey efood 63 ka mil jaye

I somewhat agree with u. I can also smell the same after today's upper lock but if result comes above expectation (although only 30-40% chance) then 90 will be touched  :good.

Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 17, 2012, 06:25:12 AM
@momo, what is your efoods holding price and target price...

My price is in the low to mid 30's, and I don't have a target price. I don't buy shares because of the daily/weekly/monthly price movements. I buy them based on the soundness of the business. If I like the business, then I buy it when I think it's at a good price, and keep it until the fundamentals change. Holding this share for the LONG-TERM.

Also, this share is anything but range bound. Growth shares are never range bound. Tomorrow's EPS will propel it towards Rs. 85 to Rs. 90. This is the time to buy guys. It's only going to get more expensive from here on out.
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on July 17, 2012, 08:23:03 AM
it will remain rangebound most likely

efoods range bound you must be kidding

I would say after hitting a bunch of caps and/or floors it will become range bound for a period before next set of earnings reports, but I totally agree with sufi, it will give traders joyous pleasures and heart attacks before it becomes temporarily range bound ;)

As for you lovers of short terms TPs, sorry bhai cannot commit to anything, this is EFOODS no one has any idea where it will be in a weeks time.
My TP for 2015 is 225+ :p
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on July 17, 2012, 10:02:29 AM
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=034717

From september Efood futures will be available :)  :clap1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 17, 2012, 11:41:07 AM
eps 1.35
Title: FCEPL -- formerly Engro Foods Limited
Post by: pax on July 17, 2012, 11:57:59 AM
yaar, what will the effect of it on it's price?
Will the share go up/down etc?
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 17, 2012, 12:01:21 PM
It's coming down
Title: FCEPL -- formerly Engro Foods Limited
Post by: aliraza on July 17, 2012, 12:04:53 PM
eps 1.35

eps is good i think not bad upside potiental abhi baki haaa
Title: FCEPL -- formerly Engro Foods Limited
Post by: Aun on July 17, 2012, 12:15:47 PM
eps of 1.35 means a profit of around 1 billion for half year, for full year the profit could be 2 billion. This is exceptional for a company which started making profits only from last year!
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on July 17, 2012, 12:18:33 PM
result is 5-15% below brokers expectations. giray ga..  :rtfm:
Title: FCEPL -- formerly Engro Foods Limited
Post by: hamidkhan on July 17, 2012, 12:34:30 PM
 :skeptic: :skeptic:The game of Efoods is not understandable. On thursday it was on Floor, on friday it go 74+ and then Closed near its Floor and on monday it was on cap. To-day it looks to be on Floor despite good result.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on July 17, 2012, 01:09:29 PM
- Engro Foods (EFOODS) reported PAT of PKR532mn (EPS: PKR0.71) for 2QCY12, up by remarkable 437% YoY and 10% QoQ

- For 1HCY12, the company reported PAT of PKR1,018mn (EPS: PKR1.35), representing notable YoY growth of 370%

- Sales revenue for 1HCY12 grew by encouraging 47% YoY to PKR19,765mn, whereas 2QCY12 revenue clocked in at PKR10,099mn (up by 43% YoY and 5% QoQ)

- 2QCY12 gross margins for the company clocked in 228bps higher QoQ to 25.6% thanks to higher prices for premium ‘Olpers’ brand. Gross Margins for 1HCY12 were higher by 351bps YoY to 24.5%

- The result was in line with our expectations. We maintain our ADD stance on the scrip, currently trading at CY12E PER of 24.7x and presenting 7% upside to our Dec12 TP of PKR75


BMA Capital Management Ltd.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on July 17, 2012, 01:13:28 PM
This quarter's profit has cleared all the accumulated losses of the company. EFOODS now have Rs 32.7 million as unappropriated profit.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 17, 2012, 02:39:11 PM
eps of 1.35 means a profit of around 1 billion for half year, for full year the profit could be 2 billion. This is exceptional for a company which started making profits only from last year!

agreed lao mazeed sasta karoo issay

phir buy karain gay
Title: FCEPL -- formerly Engro Foods Limited
Post by: Saeed Muhammad on July 17, 2012, 03:05:10 PM
EFOODS has announced its 1HCY12 results where its profitability stood at PkR1.02bn (EPS: PkR1.35), which depicts a significant growth of 4.7xYoY. For 2QCY12, the earnings marked at PkR531.8mn (EPS: PkR0.71), which is in line with our expectation of PKR530mn (EPS: PkR0.70) but lower than the consensus estimates. While topline registered a growth of 47%YoYin 1HCY12, lower financial charges (down 10%YoY in 1HCY12, 22%YoY in 2QCY12) could actually indicate lower capex spend for 1HCY12, which is concerning especially given the company’s aggressive expansion plans.
At current levels, we have a ‘Neutral’ stance on EFOODS with a Target Price of PkR69/share. Share price could come under pressure in the immediate term owing to question marks over company’s topline and bottomline expansion and ability to obtain financing for ongoing growth. ( AKD )
Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 17, 2012, 04:55:14 PM
i hv holding at 73.5 . do i sale or hold . if sale then at wt price. pls some one adv.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on July 17, 2012, 06:49:49 PM

Thanks god allah ney izat rakh ley meney kal key post mey eps 1.35 batai thi aur likha tha inhouse badley mey bohat efood ka maal para hey aur announcements key baad selling aye gey wohe hwa public phir 100 key chakar mey 72 mey ley kar phans gaye aur khushi khushi 65 mey bechey gey  jab week holding ek do din me sale ho jaye giye phir is mey zabardast tezi aye gey
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 17, 2012, 07:07:48 PM

Thanks god allah ney izat rakh ley meney kal key post mey eps 1.35 batai thi aur likha tha inhouse badley mey bohat efood ka maal para hey aur announcements key baad selling aye gey wohe hwa public phir 100 key chakar mey 72 mey ley kar phans gaye aur khushi khushi 65 mey bechey gey  jab week holding ek do din me sale ho jaye giye phir is mey zabardast tezi aye gey

check your pm plz...?
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 17, 2012, 07:08:54 PM

Thanks god allah ney izat rakh ley meney kal key post mey eps 1.35 batai thi aur likha tha inhouse badley mey bohat efood ka maal para hey aur announcements key baad selling aye gey wohe hwa public phir 100 key chakar mey 72 mey ley kar phans gaye aur khushi khushi 65 mey bechey gey  jab week holding ek do din me sale ho jaye giye phir is mey zabardast tezi aye gey

yes you were spot on sir.. good job mashaAllah :s1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 17, 2012, 07:17:38 PM

Thanks god allah ney izat rakh ley meney kal key post mey eps 1.35 batai thi aur likha tha inhouse badley mey bohat efood ka maal para hey aur announcements key baad selling aye gey wohe hwa public phir 100 key chakar mey 72 mey ley kar phans gaye aur khushi khushi 65 mey bechey gey  jab week holding ek do din me sale ho jaye giye phir is mey zabardast tezi aye gey

weak holding selling k bad apko kitni tezi lagti hey ismy? 75 ya 80? kia lagta hy apko plz tell?
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on July 17, 2012, 08:09:44 PM
Ab inshallah efoods weak holders selling key baad new high dikhaye gey may be between 85 leken yeh 3rs quarter key result sey pehley ho ga jab tak do teen din efoods 70 sey oper sustain nahi karta is key rally sustain nahi karey ge jab yeh 70 per consolidate ho ga phir inshallah new high dikhaye ga me apni informations is liya share karta hoon ta key log is ka faida utha sakhe stock business mey koi champion nahi hota bus allah hum sab per apna karam karey aur hamarey rizq mey barkat dey ameen
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 17, 2012, 08:12:31 PM
Ab inshallah efoods weak holders selling key baad new high dikhaye gey may be between 85 leken yeh 3rs quarter key result sey pehley ho ga jab tak do teen din efoods 70 sey oper sustain nahi karta is key rally sustain nahi karey ge jab yeh 70 per consolidate ho ga phir inshallah new high dikhaye ga me apni informations is liya share karta hoon ta key log is ka faida utha sakhe stock business mey koi champion nahi hota bus allah hum sab per apna karam karey aur hamarey rizq mey barkat dey ameen

Thanks bro.. nadeem bhai weakholders ki selling mein yeh kitna nichy aa skta hey? kahan per buy banti hey sir??
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 17, 2012, 09:25:22 PM
Mid sixties  :thumbsup_anim:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Khawar on July 17, 2012, 11:54:06 PM
@NADEEKHALIQ,

On a lighter note, on May 08, 2012 you wrote in your post that
"leken mey shares ka parttime kaam 25 saal sey kar raha hoon aur apne aap ko bilkal new comer samajhta hoon phir "
reference post = [http://www.pakinvestorsguide.com/index.php/topic,851.msg88562.html#msg88562]

and on May 18, 2012 you wrote:
"men kahe sey nahi aye 38 saal sey stock ka kaam kar raha hoon "
reference post = [http://www.pakinvestorsguide.com/index.php/topic,851.msg89576.html#msg89576]

My question is how come your experience has grown by 13 years in ten days and in those ten day there were two OFF days as well :-)
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 18, 2012, 05:39:59 AM
I think it's a buy on any weakness. The result was very good.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on July 18, 2012, 07:00:40 AM
I think it's a buy on any weakness. The result was very good.

how/why do you say good ? it was well below consensus ..
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 18, 2012, 09:28:11 AM
I think it's a buy on any weakness. The result was very good.

how/why do you say good ? it was well below consensus ..

profitability stood at PkR1.02bn (EPS: PkR1.35), which depicts a significant growth of 4.7xYoY.

what else we want??? these so called "well below consensus" things builds up by few brokers, who let our expectations unrealistic bhai...
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on July 18, 2012, 10:13:47 AM
Engro Foods shines, but for investors not enough
JULY 18, 2012 BR RESEARCH 0 COMMENTS


Most of the improvement in margins throughout the Company’s P&L is attributable to a whopping year-on-year increase in sales during 1HCY12. Both an increase in prices as well as in volumes of sales plausibly explains the uptick in revenues witnessed during the period. It appears that the second quarter had been a particularly great one for the Company so far this year, with revenues rising by about 5 percent quarter on quarter during 2QCY12 and gross margins improving by over 2 percentage points by the same comparison. This could majorly be attributed to the commencement of the summers in the country in the second quarter, during which ice cream sales are believed to have picked up. A 30 percent quarter-on-quarter increase in distribution and marketing expenses during 2QCY12 also reiterates this to an extent. The distribution and marketing expenses went up from 11 percent of sales in 1QCY12 to 14 percent in 2QCY12. While increased sales volumes, particularly for ice creams may account for this to some extent, greater marketing efforts by the Company seen recently, especially in light of some new product launches and marketing campaigns, also possibly explain this increase. Amongst new products and campaigns launched by the Company, ‘Omung Lassi’, and a new marketing campaign ‘Intekhab’ for Olpers milk have been the highlights for Engro Foods. The effects of the top line growth cascaded down into higher margins for the Company during 1HCY12 relative to the same period last year. Going forward, the Company will likely see a further improvement in revenues owing to the beginning of the month of Ramadan in the country, as well as greater sales of new products such as ‘Omung Lassi’. Ice cream sales are also expected to stay upbeat with the summer heat here to stay for another few months. Plans to invest Rs.8.7 billion in 2012 for the powdered milk business, capacity expansion and cold chain infrastructure development are also on the cards for Engro Foods. The results, however, were not up to the mark with most analysts’ expectations. Investors also responded negatively to the results, with the share price of the Company falling by more than 3 percent yesterday to Rs.67.7 per share. Either the positive aspects of the Company have largely been priced in by the market, or perhaps, investors are expecting something more from the emerging Company.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on July 18, 2012, 10:17:07 AM
I think it's a buy on any weakness. The result was very good.

how/why do you say good ? it was well below consensus ..

profitability stood at PkR1.02bn (EPS: PkR1.35), which depicts a significant growth of 4.7xYoY.

what else we want??? these so called "well below consensus" things builds up by few brokers, who let our expectations unrealistic bhai...

true @ unrealistic expectations, but high for p/e companies small underperformance canresult in large changes in prices cuz of the p/e multiplier.
anyway, the increase in  revenue and margin enough for me, bought at 66.95 yesterday, :fingerscrossed1:
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 19, 2012, 10:13:28 AM
Stock price out?performance leads to rating cut; fundamentals intact
With 55% run?up in stock price in the last three months and out?performance vs the broader
index by 50%, we lower our recommendation to ‘Neutral’. However we hasten to highlight
that UHT volume growth story of EFoods is undiminished and stock price weakness should
provide a good opportunity to accumulate. Engro Foods reported below expected earnings of
0.71/sh in 2Q which are up 436% YoY but short of our estimates (KASB: PRs0.76/sh) and
consensus. 1H12 earnings registered at PRs1.35/sh (+370% YoY) which constitutes 47% of our
12E estimate of PRs2.87/sh. We keep our numbers unchanged for now. The stock trades at
12E P/E of 24.1x and EV/EBITDA of 11.4x, with an upside of 10% to our PO of PRs76.2/sh.

The what, why and how of 2Q/1H
• 1H revenue growth of 47% YoY where 1H volumes/values in the Dairy & Juices segment
surged by 39%/53% YoY. A 13% YoY increase in ice?cream sales has also added to
continuation of sales growth momentum.
• Impressive margin accretion in 2Q: Company’s gross margins have risen to 28.4% vs.
26.2% in 1Q where record high margin in the ice?cream segment (40%) has emerged as
the key driver. Despite PRs10/ltr hike in UHT prices, dairy margins are flat QoQ (23%).
Stellar numbers in ice?cream segment which saw sales growth of 13% HoH, despite
contraction in volumes (?1% HoH) reflects the margin accretive appeal of the segment.
However, drag on bottom?line persists as the ice?cream segment posted after tax loss of
PRs166mn where break?even is targeted in 2013E.
• Distribution & Marketing expenses up 30% QoQ: Higher advertising expenditure for new
product Omung Lassi was seen and ad campaigns for existing dairy products have also
picked up of late. Omung Lassi has garnered a favorable response to?date where the
target segment of the product is the beverages category.
• Mixed performance in powder and juices: While powder product sales have increased
13% YoY in 1H, the outlook for juices appears to be getting grimmer as sales values fell
59% YoY. In this regard management has hinted at the targeted re?launch of the product
being rolled forward to 1H13 (from 4Q12).

Seasonal uptick in volumes in 3Q likely
With the advent of the Holy month of Ramazan, UHT volumes could see further upside in 3Q as
milk consumption witnesses a seasonal up?tick. Simultaneously, Ramazan coupled with
persisting energy outages, could further hamper sales growth of ice?cream.

Dairy Farm and Al?Safa post impressive numbers
The company’s dairy farm has also posted impressive numbers with production of 29,000 liters
per day (+7% QoQ) where improvement in average yields is a key positive despite reduction in
number of farm animals (down 3% QoQ). Moreover, Halal meat segment (Al?Safa) has seen
CAD5mn sales in 1H12 spurred by new product launches of parathas, rice and meat variants.
However, the segment remains in losses for now (1H CAD0.68mn), which is reflected on the
parent’s books.

EFoods?Financial Highlights
PRsmn 2011A 2012E 2013E
Revenues 29,859 40,317 50,873
% change 42.6% 35.0% 26.2%
PAT 891 2,158 2,858
% change 407.3% 142.3% 32.4%
EPS 1.18 2.87 3.80
PER 58.48 24.14 18.23
P/BV (x) 7.20 5.99 4.51
ROE 12.3% 24.8% 24.7%
EV/EBITDA 18.98 11.37 7.89
Source: EFoods, KASB Estimates
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 19, 2012, 11:53:51 AM
Engro Foods Limited (EFOODS) held its analyst
briefing yesterday to discuss its 1H2012 result. The
company reported a PAT of Rs1,018mn (EPS:
Rs1.35) in 1H2012, up 370%YoY compared to a PAT
of Rs216mn (EPS: Rs0.29) in the same period last
year. In 2Q alone, earnings registered a growth of
9%QoQ to Rs532mn (EPS: Rs0.70). The growth was
derived from the dairy and juices segment, which has now
touched the market share of 50% from 44% in the end of
2011. Despite growth in the revenues of ice cream business,
up 180%QoQ, the bottom line remained red which somewhat
curtailed the cumulative growth. The stock is currently trading
at 2012E PE of 24x and we have a ‘Hold’ stance on the stock.

Dairy and juices driven growth
UHT segment was the primary contributor in the Dairy and
Juices business. The UHT segment witnessed a volumetric
growth of 39%YoY in 1H2012 mainly because of higher sales
of Tarang (tea whitener) and Dairy Omung (for budget
conscious society of the country). To recall, the recent hike in
milk prices by Rs10/litre was only applicable on Olper’s while
Dairy Omung prices remained intact. However in 2Q alone,
the Dairy and Juices business reported a decline of 3.3%QoQ
in revenues due to seasonality factor. Consequently, the net
profit margin has decreased by 1ppt to 6%.

Improving ice cream business
The revenues of ice cream business (Omore) witnessed an
increase of 180%QoQ in 2Q2012 due to the seasonality
factor and the gross margin has increased to 40%, up 17ppt
from previous quarter. However, the bottom line remained red
due to continuous expansions and brand building exercises.
The segment reported a loss of 31mn in 2Q2012.

Capex plan 2012
EFOODS has planned to invest Rs8.7bn in 2012 mainly for
expansion purposes, of which Rs1.5bn has been actually
spent till 1H2012. The management expects to make
commitments for the full amount of targeted capex plan till the
end of the year.

Financial highlights
(Rs mn) 2Q2012 1Q2012QoQ%? 1H2012 1H2011 YoY%?
Net Sales 10,099 9 ,666 4% 19,765 13,444 47%
Cost of sales 7 ,512 7,410 1% 14,922 10,622 40%
Gross Profit 2,587 2,256 15% 4 ,843 2,822 72%
Dist & mktg exp. 1,394 1,070 30% 2 ,465 1,702 45%
Admin exp. 189 230 -18% 419 280 50%
Other op. exp. 8 2 73 12% 154 5 4 188%
Other op. income 1 07 6 5 64% 172 3 6 382%
Operating Profit 1,029 9 48 9% 1,977 8 22 140%
Fianance cost 2 32 209 11% 4 41 491 -10%
Profit before tax 7 97 739 8% 1,536 3 32 363%
Tax 2 65 253 5% 5 18 115 349%
Profit after tax 5 32 486 9% 1,018 2 16 370%
EPS (Rs) 0 .70 0.64 9% 1.35 0.29 370%
Source: Company announcement & JS Research

New products
In the Dairy segment, EFOODS has introduced a new product
known as Omung Lassi and the management is following an
aggressive marketing campaign for the popularity of the
product. According to the management, the initial public
response of the product is good but also stated the common
belief that it is too early to gauge the acceptability of the
product. The company has also introduced new ice creams
like Buzz and Magic Hat to target the teen and kids segment.

Outlook
EFOODS is in continuous expansionary mode and it currently
trades at a 2012E PE of 24x. We have a ‘Hold’ stance on the
stock. However, due to its expansionary nature, the key risk
to our investment thesis remains the sales growth assumption
and financial burden owing to its leveraged balance sheet.

jsgcl
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 19, 2012, 12:11:33 PM
AKD Daily

EFOODS 1HCY12 analyst briefing key takeaways

EFOODS held its 1HCY12 analyst briefing yesterday to discuss results as well as future outlook. EFOODS posted an NPAT of PkR1,018mn (EPS: PkR1.35) in 1HCY12 which denotes a massive 370%YoY growth. Net sales for the company were up by 45%YoY, boosted by robust performance of the flagship ‘Dairy’ segment with revenues up by 51%YoY to PkR18.2bn. For 2QCY12, earnings were up sequentially by 9% to PkR532mn (EPS: PkR0.71), driven by higher GMs (+227bps QoQ). The mgmt. has reiterated its capex spending target of PkR8.7bn for CY12, however 1HCY12 spending was at just PkR1.5bn. At current levels, we have a ‘Neutral’ stance on EFOODS which is trading near our Dec-end target price of PkR69. We remain bullish on long term prospects of EFOODS, however concerns over access to further financing, given the large exposure of domestic banks to ENGRO group could keep the upside capped in the short term.                      .

1HCY12 earnings grow 370%YoY: EFOODS posted an NPAT of PkR1,018mn (EPS: PkR1.35) in 1HCY12 which denotes a massive 370%YoY growth. Net sales for the company were up by 45%YoY, boosted by robust performance of the flagship ‘Dairy’ segment with revenues up by 51%YoY to PkR18.2bn. Growth was driven by a double digit rise in UHT ambient milk volumes as well as higher prices. ‘Ice Cream’ segment sales were also up by 13%YoY to PkR1,555mn, while encouraging operating loss reduced by 19%YoY to PkR166mn.  Besides the growth in topline, gross profit surged 66%YoY as GMs rose by 310bps YoY to 24.5%, as margins of both the ‘Dairy’ and ‘Ice Cream’ segments improved. For 2QCY12, earnings were up sequentially by 9% to PkR532mn (EPS: PkR0.71). While topline growth was at a relatively tepid 4%QoQ, improvement in gross margins (+227bps QoQ) was the real earnings driver for 2QCY12. On a segment wise basis, ‘Dairy’ segment revenues were actually 3% lower QoQ following a 1%QoQ drop in volumes, however ‘Ice Cream’ segment posted healthy results with sequential revenue growth of 180% to PkR1,146mn, while operating loss reduced to PkR31mn from PkR135mn last quarter. Higher asset turnover coupled with focus on improving margins were the main factors behind the improving profitability. In this regard, EFOODS has recently introduced low cost vegetable oil as the raw material for its ice cream. S&A expenditure for 2QCY12 was up by 22%QoQ to PkR1,583mn, which was due to higher promotional activities. Promotional expenditures are likely to fall in subsequent quarters as per mgmt. During 2QCY12, EFOODS launched the ‘Lassi’ brand, where the initial response has been encouraging.

Al Safa gaining traction: Al Safa revenues in 1HCY12 grew to CAD5.7mn, which are higher than the CY11 revenues of CAD5.3mn, while operating loss also reduced to CAD0.68mn compared with CY11 loss of CAD1.2mn. Revenue growth was helped by expansion in product offering.                .

Capex spending of just PkR1.5bn in 1HCY12: The mgmt. has reiterated its capex spending target of PkR8.7bn for CY12, however the 1HCY12 spending was at just PkR1.5bn. The company is likely to commit the full PkR8.7bn for CY12, however the actual cash outlay may be lower. For our estimates, we have assumed a relatively conservative capex spend of PkR5.1bn and PkR6.3bn for CY12 and CY13 respectively. Going forward, access to domestic financing could get tough for EFOODS, simply given the risks associated with lending to ENGRO group, with cash flow constraints of the ‘Fertilizer’ subsidiary.

Positives priced in for now: We have a ‘Neutral’ stance on EFOODS which is trading near our Dec-end target price of PkR69. We believe that the positives are already priced in where the scrip is trading at CY12 and CY13 PE ratios of 24.7x and 20.6x respectively. We remain bullish on long term prospects of EFOODS, however concerns over access to further financing could keep the upside capped in the short term.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 19, 2012, 12:39:04 PM
5re charh gaya hai in ki report ka baad

i seriously doubt their accuracy :)
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 19, 2012, 12:41:46 PM
Highlights of EFOODS’s Analyst briefing

According to the management of EFOODS, highlight of the quarter was launch of its new dairy brand "Omung Lassi" along with introduction of new SKUs in the ice cream segment and other promotional activities during 2Q CY12. The overall revenue was augmented by 47% in 1H CY12, while in 2Q CY12 the same was higher by 43% YoY and 4% QoQ. During 2Q CY12 the company witnesses higher marketing expenses due to a seasonal effect. Hence, with the help of increase in prices and volumetric growth the company managed to achieve superior growth in its bottomline.

 

Dairy & Juices Segment

The company improved its revenue as the the brand progressed during the 1H CY12, where 39% higher UHT volume and 53% higher value growth led the charge. Moreover, powder segment grew by 13% in terms of value, while Juices declined by 59%. Consequently, the UHT market share improved to 50% in 1H CY12.

 

Ice cream & Dairy Farm

In the ice cream segment the company is still struggling, though restricted the losses to PKR 31mn.

Dairy farm posted nominal loss, while its production improved despite decline in herd size, as the company sold off low yield animals.

 

Outlook

The company has highlighted that it is constantly evaluating new segments though nothing concrete has been decided. The management also clarified that no SPO has been planned and a CAPEX plan of PKR 8.7bn is intact for CY12.


BURJ Capital
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 20, 2012, 08:40:12 AM
Who has sold this stock?
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 20, 2012, 09:31:34 AM
i offloaded my tradin position in the stock at 70.40
Title: FCEPL -- formerly Engro Foods Limited
Post by: Farzooq on July 20, 2012, 01:06:16 PM
2QCY12 Result review- Bottom line disappoints
EFOODS announced 2QCY12 bottomline of PKR532mn (EPS: PKR0.71) vs our estimates of PKR 579mn (EPS: 0.77). Topline and bottomline both for 2QCY12 was below our and market consensus.
EFOODS topline came in at PKR10.09bn up 42.6% YoY which was led by UHT volume growth. UHT volumes in the 1st half increased by 39%. EFOODS was able to increase its market share in the UHT segment to 50% (as per Nielsen). On a QoQ basis, the UHT segment witnessed a volumetric decline of 1% while in terms of value the decline was 3.3%. In the ice cream category, the company notched up its highest gross margin to date at 40% (23% in 1QCY12) however the business still suffered a loss when it came to bottomline contribution.
2QCY12 bottomline came in at PKR532mn against PKR99mn in the same period preceding year, reflecting an improvement of 4.4x. We believe underlying earnings were lower at PKR0.65/share (flat QoQ), as the results included a revaluation gain in biological assets which contributed 5-6 paisa to earnings. We believe 3QCY12 may witness some earnings traction as the company benefits from new product launches and the Ramadan effect along with higher pricing on the Olpers product range.
Revise CY12,13,14 Earnings estimates upwards, PT remains constant
We revise our CY12, 13 earnings estimates for EFOODS upwards on higher volumetric growth in the UHT Segment. EFOODS has notched up volumetric growth of 39% in 1HCY12. However we maintain our PT at PKR70/share.
Our new estimates point to the company posting bottomline of PKR2.83/3.98 in CY12,13 against our old estimates of PKR2.37/3.38. However, we maintain our Price Target for EFOODS and our HOLD stance.

Key Analyst Briefing Takeaways
We attended EFOODS briefing yesterday. The company launched Omung Lassi in the Dairy segment and 3 new products in the ice cream segment (Buzz, Magic Hat, Frooze). Large scale launch of Lassi is expected to commence from Ramadan.
1. Management expects Omung Lassi to dent the demand for juices and compete with this product category.
2. A spike in distribution and marketing expenses was witnessed and management flagged that going forwards in 3Q and 4Q the distribution and marketing expenses as % of sales will witness a decline.
3. EFOODS management also believes that the ice cream segment would be able to break even in CY13 and is working on pilot studies to reduce the impact of load shedding.
4. EFOODS has spent close to PKR1.5bn in capex against the PKR8.7bn targeted this year and management flagged that they would be able to meet spending targets although we remain a bit pessimistic on that front.

              Old/New Old/New Old/New
EFOODS CY12E CY13E CY14E
EPS 2.37/2.83 3.38/3.98 5.44/6.16
DPS 0.00/0.00 0.00 0.50
PER 23.2 16.4 10.6
P/B 5.2 3.95 2.9
RoE 23.1% 24.6% 26.8%
Source: Elixir Research
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on July 20, 2012, 08:56:59 PM
Next week big rally is expected in effods as one of major brokerage house increases its fair value to 75 today due to weakness in engro its fall to 67.42 but if on manday its sustain the level of 67 then another rally expected towards 72
Title: FCEPL -- formerly Engro Foods Limited
Post by: hisham on July 21, 2012, 09:10:32 AM
@NADEEKHALIQ,

On a lighter note, on May 08, 2012 you wrote in your post that
"leken mey shares ka parttime kaam 25 saal sey kar raha hoon aur apne aap ko bilkal new comer samajhta hoon phir "
reference post = [http://www.pakinvestorsguide.com/index.php/topic,851.msg88562.html#msg88562]

and on May 18, 2012 you wrote:
"men kahe sey nahi aye 38 saal sey stock ka kaam kar raha hoon "
reference post = [http://www.pakinvestorsguide.com/index.php/topic,851.msg89576.html#msg89576]

My question is how come your experience has grown by 13 years in ten days and in those ten day there were two OFF days as well :-)

Yaar Off days kaa experience is worth 100 times that of working days  ;)
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on July 22, 2012, 04:16:13 PM
Where can i find the latest analyst briefing? I could not find it on engro's website.
Title: FCEPL -- formerly Engro Foods Limited
Post by: asim.786 on July 23, 2012, 12:44:41 AM
Investor mopping up shares in Engro

From the Newspaper | Dilawar Hussain | 16 hours ago

Some market participants are also putting forward the idea that the acquisition could be a prelude to a later hostile takeover bid by yet another hawk. – File photo

KARACHI: An unidentified investor is in the process of accumulating shares in Engro Corporation. Ranked among the country’s largest conglomerates, Engro is in the business of fertiliser, food, power generation, terminal, PVC Resin and commodity trade.
Engro posted the first loss in its history for the first-quarter 2012. Yet early in the year, the stock price shot up to outperform the KSE-100 index.
But with no end to problems on the gas shortage to its new $1 billion ‘Enven’ fertiliser plant, the stock in the company has dipped to a smaller gain compared to 29 per cent rise in benchmark since start of the calendar year.
The accounts of Engro Corporation for the period ended Dec 31, 2011, revealed four firms of Hussain Dawood Group in control of approximately 48 per cent shares. Among the group companies, Dawood Hercules had the biggest stake of 33 per cent followed by Patek seven per cent, Cyan five per cent and DH Fertiliser three per cent.
However, the latest figures show that another shareholder has accumulated close to 9.5 per cent of the company stock. That places the unidentified stockholder in the second place as the biggest shareholder after Dawood Hercules.
Analysts believe that disheartened by the company’s deteriorating financials, some selling by Hussain Dawood Group companies, by employees and local and foreign institutions may have enabled the new shareholder to accumulate large blocks of shares.
However, in order to conceal his identity, the acquirer is keeping his stake at around 9.5 per cent, slightly short of 10 per cent voting shares, at which according to regulations, the holder has to disclose the aggregate of his shareholding in a listed company to the said company and to the stock exchange on which the voting shares of the company are listed, unless special exemption granted by the regulator.
“As no such disclosure has been made, it is believed that the shareholder has less than 10 per cent and has for the present put a halt to further buying,” says an analyst at Topline Securities.
Some market participants are also putting forward the idea that the acquisition could be a prelude to a later hostile takeover bid by yet another hawk. Analysts recall that in 1991, employees of Exxon Chemical Pakistan in partnership with leading international and local financial institutions bought out Exxon’s share.
At the time of buyout, employees of Esso (Eastern) purchased 28 per cent shares in Exxon Chemical which later became Engro Chemical Pakistan (ECPL). Due to higher than average share float in the market the company has seen takeover attempts.
In the year 2000, Employees Management Group went to Court to stop a hostile take-over in the wake of accumulation of shareholding by the Hussain Dawood Group. However later on the Group and the Employees Management entered into a dialogue to settle the issue out of court, taking a conciliatory approach.
In reply to queries, a person close to the company, however, said on Saturday, that takeover was a far-fletched idea. “There are 12 directors on the Engro Board, so any one accumulating around 9 per cent stock can at best attempt to grasp one seat,” he said, adding that the elections were held in March this year and the next are not due until 2015.
But he admitted that it was possible to scan the ‘book closure list’ to discover major changes in pattern of shareholding. Pressed further, he said that possibly a foreign bank was the buyer of such large chunk of equity. Yet it was difficult to say if the bank was acting on its own or acting as a front for another buyer who wishes to remain anonymous.
Share this:
Facebook3
Twitter4
Email
Print
Like this:
Like
Be the first to like this.
Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 23, 2012, 01:28:49 AM
friends  where do u c efoods in next couple of days. i hv purchase at 73.5 . should i hold it or sale it in loss.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 23, 2012, 09:13:23 AM
if it sustain at current price then no need to sale. hope soon cross 70.
Title: FCEPL -- formerly Engro Foods Limited
Post by: syed on July 23, 2012, 09:19:48 AM
friends  where do u c efoods in next couple of days. i hv purchase at 73.5 . should i hold it or sale it in loss.


HOLD
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 23, 2012, 03:45:28 PM
A.o.A mr. Nadeem khaliq . as soon as u read thsi plz reply me . i want to get guide line about efoods share. i also mailed u.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on July 23, 2012, 04:06:53 PM
Wos what kind of help u need to me
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on July 23, 2012, 04:29:50 PM
bhai aap mukhey email kar dey jo bhi information chaye me reply kar do ga
Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 23, 2012, 08:48:56 PM
bhai , share it pubiclly will help us too to proceed.
Title: FCEPL -- formerly Engro Foods Limited
Post by: naumaan on July 23, 2012, 08:53:04 PM
Yes Nadeem bhai, share with us as well and give us the opportunity to utilize your worth experience and expertise  :thanks:
Title: FCEPL -- formerly Engro Foods Limited
Post by: syed on July 24, 2012, 09:11:40 AM
yes, share in public
thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 24, 2012, 09:53:50 AM
ok Nadeem sb. i will mail u.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 26, 2012, 09:26:22 AM
i have maild u Nadeemsb. kindly check this one. and reply me as soon as possible. would be thankful to u.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 26, 2012, 09:30:12 AM
what is best for long term investment. Efoods or NBP. must keep in mind that NBP gives handsome dividend plus bonus every year. so keeping this factor what u suggest me. i am in a fix what to do. becoz i dont want to repent after 5 years. so kindly guide me.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Poker Face on July 26, 2012, 09:37:38 AM
efoods is better
Title: FCEPL -- formerly Engro Foods Limited
Post by: hamidkhan on July 26, 2012, 09:43:02 AM
Instead of exchanging information by e-mails it is better to disclose information/views to the forum.  Every one will get help from it.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 26, 2012, 11:33:23 AM
i just told him about my past history in share market mean how i came in this business and how i posted a loss in 2008. however now i have 6000 efoods shares. i want to have long term investment.  i observed that nbp give dividend and bonus every year. so if i convert my investment in nbp then this would b better for me or not. becoz i make calculation that i can buy 8500 shares of nbp after sellin 6000 efoods. so if i go for 5 years investmnet. then after five years the nbp shares could b 13000 to 14000 (average 15% bonus) and dividend income could b 250000 (50000 each year) so after 5 years if the price of nbp sustain at 50 rs. then my investment value could b 700000 (shares value) and 950000 including dividend (700000+250000). but this investment value which i calcutled is based on the assumption that nbp price after 5 years stable just on 50 rs. so increase its share value would give me extara profit. mean is it on 60 rs then my shares value would be 840000 (just share value ) and if price go up then more so.

and on the other hand if i hold 6000 shares of efoods and wait for 5 years then , is my investment value could touch almost 1000000 ? ( if efoods price goes to 160 or 170). so i am in a fix that hold efoods or go to nbp which dividend and bonus is almost sure. just guide me. request to all members.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Hamid Mamraiz on July 26, 2012, 04:12:53 PM
i just told him about my past history in share market mean how i came in this business and how i posted a loss in 2008. however now i have 6000 efoods shares. i want to have long term investment.  i observed that nbp give dividend and bonus every year. so if i convert my investment in nbp then this would b better for me or not. becoz i make calculation that i can buy 8500 shares of nbp after sellin 6000 efoods. so if i go for 5 years investmnet. then after five years the nbp shares could b 13000 to 14000 (average 15% bonus) and dividend income could b 250000 (50000 each year) so after 5 years if the price of nbp sustain at 50 rs. then my investment value could b 700000 (shares value) and 950000 including dividend (700000+250000). but this investment value which i calcutled is based on the assumption that nbp price after 5 years stable just on 50 rs. so increase its share value would give me extara profit. mean is it on 60 rs then my shares value would be 840000 (just share value ) and if price go up then more so.

and on the other hand if i hold 6000 shares of efoods and wait for 5 years then , is my investment value could touch almost 1000000 ? ( if efoods price goes to 160 or 170). so i am in a fix that hold efoods or go to nbp which dividend and bonus is almost sure. just guide me. request to all members.

Efoods is better than NBP .....   
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 27, 2012, 11:09:00 AM
Thanks poker face and hamid mamraiz. but logically make me understand how efoods is better then nbp who gives handsome dividend and bonus shares also. Plz Kindly explain, so that the things which are in my mind should be clear.

Thanks.
Title: FCEPL -- formerly Engro Foods Limited
Post by: 007 on July 27, 2012, 01:45:47 PM
good call nadeem sb turning back from 66.90
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on July 27, 2012, 05:59:48 PM
Thanks bro
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 28, 2012, 09:19:33 AM
Naeem sb u didnt reply my email. plz reply me. i also mentioned all about in forum too. waiting ur advice.
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on July 28, 2012, 10:37:27 AM
Naeem sb u didnt reply my email. plz reply me. i also mentioned all about in forum too. waiting ur advice.

Bhai it is a simple story. Efoods is entirely a capital gain share no dividend/ bonus only price esclation. Its a long term investment which may enhance ur prortfolio more than ur expectation. NPB has tiple impact. Yearly Cash dividend and bonus. Price esclation as well. Its a medium term investment. Moreover, in nbp u have the opportunity of entry and exit as it ranges below below 40 to 60 for quite number of times during the year. So, in NBP u can easily enter again after exiting even at the lower price. So for as the efoods is concerned, in future, if u exit u may not have the opportunity of an entry at the same price.

Please keep in mind the above facts and take the decision at ur own.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 28, 2012, 12:39:18 PM
yes i understood every thing. i got from ur comments that efoods, even dont give any dividend, its price will go towords thats hight where my value of investment would be more then the npb dividends+bonus.(within 5 years)
second thing is that u explain that efoods and nbp are different sort of invesment scripts. one for capital yield and the other one is dividend yield. and u said that take ur own decision. ok well i will take my decision but the question is that what u prefer if u were in a fix like me, then what would u do. beocz i am not expert so can be take wrong decision. just give me ur opinion. then i will b able to take right decision. i once again say that not tell me decison but just tell me ur opinion.   
Title: FCEPL -- formerly Engro Foods Limited
Post by: Dehan on July 28, 2012, 01:20:28 PM
yes i understood every thing. i got from ur comments that efoods, even dont give any dividend, its price will go towords thats hight where my value of investment would be more then the npb dividends+bonus.(within 5 years)
second thing is that u explain that efoods and nbp are different sort of invesment scripts. one for capital yield and the other one is dividend yield. and u said that take ur own decision. ok well i will take my decision but the question is that what u prefer if u were in a fix like me, then what would u do. beocz i am not expert so can be take wrong decision. just give me ur opinion. then i will b able to take right decision. i once again say that not tell me decison but just tell me ur opinion.

First of all i would like to say that please dont click reply insteatd click Quote. If u click reply quote ur replying will not appear as a result the reply is not properly understood by the others. If u click quote the matter at which ur commenting will appear above as is being done by me.

As per my openion we should go for 50: 50.  by investing in both or any other percentage which seems suitable ton the decision maker. By investing in both we will avail the dual benefit. Thus we will also follow the mkt quote " Dont put ur all eggs in one basket".
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 28, 2012, 01:35:37 PM
efoods is better
yes i understood every thing. i got from ur comments that efoods, even dont give any dividend, its price will go towords thats hight where my value of investment would be more then the npb dividends+bonus.(within 5 years)
second thing is that u explain that efoods and nbp are different sort of invesment scripts. one for capital yield and the other one is dividend yield. and u said that take ur own decision. ok well i will take my decision but the question is that what u prefer if u were in a fix like me, then what would u do. beocz i am not expert so can be take wrong decision. just give me ur opinion. then i will b able to take right decision. i once again say that not tell me decison but just tell me ur opinion.

First of all i would like to say that please dont click reply insteatd click Quote. If u click reply quote ur replying will not appear as a result the reply is not properly understood by the others. If u click quote the matter at which ur commenting will appear above as is being done by me.

As per my openion we should go for 50: 50.  by investing in both or any other percentage which seems suitable ton the decision maker. By investing in both we will avail the dual benefit. Thus we will also follow the mkt quote " Dont put ur all eggs in one basket".

ok thanks. well going to think about it.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on July 28, 2012, 08:53:16 PM
efoods is better
yes i understood every thing. i got from ur comments that efoods, even dont give any dividend, its price will go towords thats hight where my value of investment would be more then the npb dividends+bonus.(within 5 years)
second thing is that u explain that efoods and nbp are different sort of invesment scripts. one for capital yield and the other one is dividend yield. and u said that take ur own decision. ok well i will take my decision but the question is that what u prefer if u were in a fix like me, then what would u do. beocz i am not expert so can be take wrong decision. just give me ur opinion. then i will b able to take right decision. i once again say that not tell me decison but just tell me ur opinion.

First of all i would like to say that please dont click reply insteatd click Quote. If u click reply quote ur replying will not appear as a result the reply is not properly understood by the others. If u click quote the matter at which ur commenting will appear above as is being done by me.

As per my openion we should go for 50: 50.  by investing in both or any other percentage which seems suitable ton the decision maker. By investing in both we will avail the dual benefit. Thus we will also follow the mkt quote " Dont put ur all eggs in one basket".

ok thanks. well going to think about it.

even two stocks is too  few.. you may want to spread your money around .. 6-8 plays. You should wait for opportunities to buy, i am sure you cant have just ONE chance to invest all your money ..
Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 29, 2012, 04:17:40 AM
bhai , i will really appreciate if u advise those 6-8 script to play in will really help us. thanks
Title: FCEPL -- formerly Engro Foods Limited
Post by: riz on July 29, 2012, 03:20:38 PM
Please advice efoods hold or sell here.if sell then which price.
Title: FCEPL -- formerly Engro Foods Limited
Post by: ahmedshahbukhari on July 29, 2012, 03:34:13 PM
Please advice efoods hold or sell here.if sell then which price.
hold
Title: FCEPL -- formerly Engro Foods Limited
Post by: hamidkhan on July 30, 2012, 10:55:02 AM
I am in this field from 1991 and faced many up and down of the market. Market does't favour those who are governed by their will and desire. It give opportunities after short intervals to buy/sell. Always invest in scripts of repute and yield giving. Enter the market when it is in red and exit when green but we act vis.a.vis.As for as matter of Efood is concerned, It will proceed upward at the strength of increased earnings in the up comming results. Also introduction of 13 new products is in the offfing, the impact of which will appear on marketing of the same. The matter of nbp also be looked at from the point of view of future EPS after massive increase of Paid Capital. Two Three years before it remained aroun Rs.100/- and had gone down around Rs.45/- from last about one year.
Efood had divercified business venues.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 30, 2012, 11:21:44 AM
I am in this field from 1991 and faced many up and down of the market. Market does't favour those who are governed by their will and desire. It give opportunities after short intervals to buy/sell. Always invest in scripts of repute and yield giving. Enter the market when it is in red and exit when green but we act vis.a.vis.As for as matter of Efood is concerned, It will proceed upward at the strength of increased earnings in the up comming results. Also introduction of 13 new products is in the offfing, the impact of which will appear on marketing of the same. The matter of nbp also be looked at from the point of view of future EPS after massive increase of Paid Capital. Two Three years before it remained aroun Rs.100/- and had gone down around Rs.45/- from last about one year.
Efood had divercified business venues.

yes,  no doubt that market give opportunities to earn after invervals. But small investor cant avail such opportuinies due to lack of capital and mostly time remains in loss. becoz he will sale when getting 1 rupees and then disappointed when price go further up. but he not sale when price go down by rs. 1(hoping that come back) but price go furhter down then worriedness come. all this becoz of small capital. same like me. so i dont want to sale / purchase again and again. i just want to have such share which give me dividend every year and price ,if not increase but remaind stable. but if the script not give dividend but its price will go up in future then  its also good for me. So thats why i give prefer to Efoods and NBP. Efoods will give u return in the long run and NPB will give u return every year. The Quesion is which is better for invesment. if some one has to choose any one what should he do. i know thats its better to invest 50 ' 50. but if some one just want to buy one script then what is best for him.?   
Title: FCEPL -- formerly Engro Foods Limited
Post by: hamidkhan on July 30, 2012, 11:42:50 AM
Why only two shares are under discussion? Some promising shares of repute and future yield giving can be added to the portfolio such as Fatima. AHCL, Treet, GHGL. These are safe heavens for long term investment from the point of view of capital gain as well as dividend yield.
Title: FCEPL -- formerly Engro Foods Limited
Post by: syednoman9 on July 30, 2012, 12:04:45 PM
agar halal karna hai to efoods aur haram (sood) khana hai to NBP
Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 30, 2012, 12:21:43 PM
as per my information , both of them are not passed by sharia board. (ref kse site.)
Title: FCEPL -- formerly Engro Foods Limited
Post by: stockz_123 on July 30, 2012, 12:30:31 PM
as per my information , both of them are not passed by sharia board. (ref kse site.)

bhai kindly update ur info..
Title: FCEPL -- formerly Engro Foods Limited
Post by: syednoman9 on July 30, 2012, 12:50:20 PM
as per my information , both of them are not passed by sharia board. (ref kse site.)
KMI-30

 Introduced in September 2008, KMI comprises of 30 Companies that qualify the KMI Shariah screening criteria and are weighted by float adjusted market capitalization.
12% cap on weights of individual securities.
Rebalanced biannually.
Shariah Supervisory Board of Meezan Bank chaired by eminent Shariah scholar Justice (Retd.) Mufti Muhammad Taqi Usmani.

copy paste following link
http://www.kse.com.pk/scripts/communicator.php?f=BrochureKMI_Idx.pdf&l=tXt

Shariah Screening Criteria

Shariah compliance of stocks is done under the guidance of qualified and reputed Shariah experts. For stocks to be “Shariah compliant”, it must meet ALL the six key tests given below:

 Business of the Investee Company
The core business of the company should not violate any principle of Shariah. Therefore, it is not permissible to acquire the shares of the companies providing financial services on interest like conventional banks, insurance companies, leasing companies or the companies involved in some other business not approved by the Shariah e.g. Companies making or selling liquor, pork, haram meat, or involved in gambling, or any other impermissible activities.

 If the main business of the investee companies is Halal, like automobiles, textiles, manufacturing concerns etc but they deposit their surplus amounts in an interest bearing account or borrow money on interest, the share holder must express his/her disapproval against such dealings, preferably by raising his/her voice against such activities in the annual general meeting of the company and/or by sending a letter to the management in this regard.


Interest Bearing Debt to Total Assets, <37%
The Interest Bearing Debt to Assets ratio should be less than 37%. To understand the rationale behind this condition, it should be kept in mind that such companies are mostly based on interest. Here again, the aforementioned principle applies i.e. if the shareholder is not personally agreeable to such borrowings, but has been overruled by the majority, these borrowing transactions cannot be attributed to him/her. Debt, in this case, is classified as any interest bearing debt including Bonds, TFCs, Commercial Paper, Conventional Bank Loans, Finance Lease, Hire Purchase, issuing preference shares etc.


Non-Compliant Investments to Total Assets, <33%
The ratio of Non Compliant Investments to Total Assets should be less than 33%. Non-Shariah Compliant Investments include investments in conventional mutual funds, conventional money market instruments, Commercial Paper, interest bearing bank deposits, Bonds, PIBs, FIB, T-Bills, CoIs, CoDs, TFCs, DSCs, NSS, derivatives etc. Non-Compliant investments also include investments in companies which are declared Shariah non-Compliant due to non-compliance to any of the mentioned criteria for Shariah Compliance.


Non-complaint Income to Total revenue, <5%
The ratio of Non Compliant Income to Total Revenue should be less than 5%. Total Revenue includes Gross Revenue plus any other income earned by the company. Non Compliant Income includes income from gambling, income from interest based transactions, income from Gharar based transactions i.e. derivatives, insurance claim reimbursement from a conventional insurance company, any penalty charged on late payment in credit sale, income from casinos, addictive drugs, alcohol, dividend income from above mentioned businesses or companies which have been declared Shariah Non-Compliant due to non-compliance to any of the mentioned criteria for Shariah Compliance etc.


 Illiquid Assets to Total Assets, >25%
 The ratio of Illiquid Assets to Total Assets should be at least 25%. The Sum of all those assets whose trade price can deviate from par value, according to the rules of Shariah, is considered the aggregate value of illiquid assets. Illiquid Assets include inventory of raw materials, work-in-process, all fixed assets such as property, plant & equipment, stores and spares, stock in trade etc.


Net Liquid Assets/Share vs Market Price/Share
Market Price per share should be at least equal to or greater than net liquid assets per share. Net liquid assets per share is calculated by using the following formula:

"Shariah Compliant Stocks at KSE based on the review period ending December 2011 (in alphabetical order)"
S. No   Name   Symbol
1   Abbott Lab.   ABOT
2   Attock Cement Pak.   ACPL
3   Agriautos Ind.   AGIL
4   Agritech Ltd.   AGL
5   AL-Ghazi Tractors   AGTL
6   Attock Petroleum Ltd   APL
7   Atlas Batt.   ATBA
8   Atlas Honda   ATLH
9   Attock Ref.   ATRL
10   Bata (Pak)   BATA
11   BankIslami Pakistan   BIPL
12   Bannu Woollen   BNWM
13   Burshane LPG Ltd.   BPL
14   Colgate Palmoli   COLG
15   Clariant Pak.   CPL
16   D.G.Cement   DGKC
17   Engro Foods Ltd.   EFOODS
18   Fecto Cement   FECTC
19   Ferozsons Lab.   FEROZ
20   Fauji Bin Qasim   FFBL
21   Fauji Fert   FFC
22   Flying Cement Co. Lt   FLYNG
23   Ghani Automobile Ind   GAIL
24   Ghani Gases Ltd.   GGL
25   Ghani Glass   GHGL
26   Ghandhara Ind. Ltd.   GHNI
27   Ghandhara Nissan Ltd   GHNL
28   Glaxo Smith Kline   GLAXO
29   Habib Sugar   HABSM
30   Habib ADM Ltd.   HAL
31   H.Atlas Car   HCAR
32   Highnoon Lab.   HINOON
33   Huffaz Pipe   HSPI
34   Hub Power   HUBC
35   IBL HealthCare Ltd.   IBLHL
36   I. C. I. Pakistan   ICI
37   Indus Motor   INDU
38   Janana D Mal   JDMT
39   Karchi Electric Comp   KESC
40   Kohat Cement   KOHC
41   Kohinoor Energy   KOHE
42   K.S.B. Pumps   KSBP
43   Kohinoor Tex.   KTML
44   Linde Pakistan Ltd.   LINDE
45   Lotte Pakistan PTA   LOTPTA
46   Lucky Cement   LUCK
47   MACPAC Films Ltd.   MACFL
48   Mari Gas   MARI
49   Meezan Bank Ltd.   MEBL
50   Mirpurkhas Sugar   MIRKS
51   Maple Leaf Cement   MLCF
52   Modaraba Al-Mali   MODAM
53   Mehran Sugar   MRNS
54   Millat Trac.   MTL
55   National Foods   NATF
56   Nat. Refinery   NRL
57   Oil & Gas Developmen   OGDC
58   Pak Datacom   PAKD
59   Pak Engg.   PECO
60   Pak Int. Cont. Ltd.   PICT
61   Packages   PKGS
62   P.N.S.C.   PNSC
63   Pak Oilfields   POL
64   Pakistan Petroleum   PPL
65   P.PaperProd   PPP
66   Pak Refinery   PRL
67   Pak Suzuki   PSMC
68   P. S. O.   PSO
69   Pak Synthetic   PSYL
70   P.T.C.L.A   PTC
71   Sazgar Engg.   SAZEW
72   Searle Pak   SEARL
73   Shell Pak.   SHEL
74   Shifa Int.Hos.   SHFA
75   Sitara Chemi.   SITC
76   Sally Tex.   SLYT
77   Sana Ind.   SNAI
78   Sui Northern   SNGP
79   Sitara Peroxide Ltd.   SPL
80   Service Ind.   SRVI
81   Shahtaj Textile   STJT
82   Telecard   TELE
83   Tariq Glass   TGL
84   Thal Limited   THALL
85   Treet Corp.   TREET
86   Tri-Pack Films   TRIPF
87   UniLever Pak   ULEVER
88   Wah-Noble   WAHN
89   Worldcall TelecomLtd   WTL
90   ZIL Limited   ZIL




Title: FCEPL -- formerly Engro Foods Limited
Post by: jay on July 30, 2012, 12:52:06 PM
sorry, u r right
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on July 30, 2012, 03:15:03 PM
agar halal karna hai to efoods aur haram (sood) khana hai to NBP

ok. i never buy NBP if its haram trading shares in NBP but r u fully sure about that. and also explain me about " Shariat complaint" . i heard lot about this . whts this kindly there is one who explain it for me.
Title: FCEPL -- formerly Engro Foods Limited
Post by: AlK on July 30, 2012, 06:01:49 PM
agar halal karna hai to efoods aur haram (sood) khana hai to NBP

ok. i never buy NBP if its haram trading shares in NBP but r u fully sure about that. and also explain me about " Shariat complaint" . i heard lot about this . whts this kindly there is one who explain it for me.

Main source of income for banks is from interest received on loans, which make their nature of business, non shariah complaint.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nadeemkhaliq on July 30, 2012, 06:41:04 PM
Its good to see efoods sustained 70 level and close above 70 with low volumes its very good sidn and if its sustains above 70 on tuesday also with low volumes then it will definetely acheived the target of 74.80 ther is no major chunk of inhouse badla and weak holders sold there holdinds in 67-68 its very positive sign for efoods first resistance is 71.40 if this breaks then 72 next resistance if this breaks then it will march to 74.80 which is my short term target hope peoples enjoys my tips and those who makes profits kinly pray for me thanks and wish u best lucks for all and plz make your own decision
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on July 30, 2012, 08:02:24 PM
agar halal karna hai to efoods aur haram (sood) khana hai to NBP

you do realize that efoods uses significant interest amount of interest bearing debt to finance its operations ?
and this doesn't make any sense ..
'Interest Bearing Debt to Total Assets, <37%
The Interest Bearing Debt to Assets ratio should be less than 37%. To understand the rationale behind this condition, it should be kept in mind that such companies are mostly based on interest. Here again, the aforementioned principle applies i.e. if the shareholder is not personally agreeable to such borrowings, but has been overruled by the majority, these borrowing transactions cannot be attributed to him/her. Debt, in this case, is classified as any interest bearing debt including Bonds, TFCs, Commercial Paper, Conventional Bank Loans, Finance Lease, Hire Purchase, issuing preference shares etc. '

why 37 ? why not 27 ? or 47  ? 
Title: FCEPL -- formerly Engro Foods Limited
Post by: space on July 30, 2012, 08:52:35 PM
agar halal karna hai to efoods aur haram (sood) khana hai to NBP

you do realize that efoods uses significant interest amount of interest bearing debt to finance its operations ?
and this doesn't make any sense ..
'Interest Bearing Debt to Total Assets, <37%
The Interest Bearing Debt to Assets ratio should be less than 37%. To understand the rationale behind this condition, it should be kept in mind that such companies are mostly based on interest. Here again, the aforementioned principle applies i.e. if the shareholder is not personally agreeable to such borrowings, but has been overruled by the majority, these borrowing transactions cannot be attributed to him/her. Debt, in this case, is classified as any interest bearing debt including Bonds, TFCs, Commercial Paper, Conventional Bank Loans, Finance Lease, Hire Purchase, issuing preference shares etc. '

why 37 ? why not 27 ? or 47  ?

Hahahaha, thanks for pointing this out to the blind, I have found it mind boggling how blind some people are. In true Islam there isn't any room for interest at all, but somehow, these blind forum members think Al-Meezan bank's shariah compliancy formula is given by Allah (<37% as you pointed out) and is part of shariah, I DARE these mullahs to show me any single aayat of the Quran or hadith of Muhammed (pbuh) which says its okay for a company to do SOME interest based work or that its okay to invest in companies which 'limit' interest based business, there is no such thing. In todays financial markets avoiding interest is impossible so these same mullahs who are talking about haram and halal are eating haram and feeding their own kids haram but they refuse to see it and only use retarded logic to make themselves feel good, using brain is not allowed for them.

JUST BECAUSE AL-MEEZAN says this company is okay and that one is not, DOES NOT MAKE IT SO, Al-Meezan is not the shariah interpreter, if you buy a stock and that company knowingly participates in ANY interest based work, that investment is non sharia compliant.

I apologize for sounding harsh, but I have 0 tolerance for MUNAFIQs. Don't be in the stock market and then talk about halal/haram, but IF YOU ARE working the market YOU ARE JUST AS GUILTY as anyone who buys non-AL MEEZAN compliant stock, you are worse because YOU ARE A MUNAFIQ too!!!
Title: FCEPL -- formerly Engro Foods Limited
Post by: phdmaker on July 30, 2012, 11:05:25 PM
agar halal karna hai to efoods aur haram (sood) khana hai to NBP

you do realize that efoods uses significant interest amount of interest bearing debt to finance its operations ?
and this doesn't make any sense ..
'Interest Bearing Debt to Total Assets, <37%
The Interest Bearing Debt to Assets ratio should be less than 37%. To understand the rationale behind this condition, it should be kept in mind that such companies are mostly based on interest. Here again, the aforementioned principle applies i.e. if the shareholder is not personally agreeable to such borrowings, but has been overruled by the majority, these borrowing transactions cannot be attributed to him/her. Debt, in this case, is classified as any interest bearing debt including Bonds, TFCs, Commercial Paper, Conventional Bank Loans, Finance Lease, Hire Purchase, issuing preference shares etc. '

why 37 ? why not 27 ? or 47  ?

Hahahaha, thanks for pointing this out to the blind, I have found it mind boggling how blind some people are. In true Islam there is any room for interest at all, but somehow, these blind forum members think Al-Meezan bank's shariah compliancy formula is given by Allah (<37% as you pointed out) and is part of shariah, I DARE these mullahs to show me any single aayat of the Quran or hadith of Muhammed (pbuh) which says its okay for a company to do SOME interest based work or that its okay to invest in companies which 'limit' interest based business, there is no such thing. In todays financial markets avoiding interest is impossible so these same mullahs who are talking about haram and halal are eating haram and feeding their own kids haram but they refuse to see it and only use retarded logic to make themselves feel good, using brain is not allowed for them.

JUST BECAUSE AL-MEEZAN says this company is okay and that one is not, DOES NOT MAKE IT SO, Al-Meezan is not the shariah interpreter, if you buy a stock and that company knowingly participates in ANY interest based work, that investment is non sharia compliant.

I apologize for sounding harsh, but I have 0 tolerance for MUNAFIQs. Don't be in the stock market and then talk about halal/haram, but IF YOU ARE working the market YOU ARE JUST AS GUILTY as anyone who buys non-AL MEEZAN compliant stock, you are worse because YOU ARE A MUNAFIQ too!!!

I second.

It is sad but true.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on July 31, 2012, 08:25:58 AM
Let's get the discussion back on EFOODS. Any word on any new product launches? And has the lassi come in a larger packet now?
Title: FCEPL -- formerly Engro Foods Limited
Post by: hisham on July 31, 2012, 11:35:16 AM
Let's get the discussion back on EFOODS. Any word on any new product launches? And has the lassi come in a larger packet now?

One litre packs are available now
Title: FCEPL -- formerly Engro Foods Limited
Post by: M Obaid Khan on July 31, 2012, 12:14:07 PM
Let's get the discussion back on EFOODS. Any word on any new product launches? And has the lassi come in a larger packet now?

One litre packs are available now

Great Efoods :dance Pay :dance
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on August 01, 2012, 03:25:09 PM
can any one tell me , why National foods price has gone to so much high. Nine months ago it was just about 60, and three months ago it was 130,  now its share price is about 230. so plz if any senior member has any information about this,  kindly share it.
i asked this becoz National foods is also food compnay like Efoods.
and also explain , why mostly foods companies share price are so high as comapre to there eps ?. i could not understand this thing.
Thanks.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on August 03, 2012, 04:51:49 AM
Food stocks are always highly valued in all markets because food always sells.
Title: FCEPL -- formerly Engro Foods Limited
Post by: nisarkhan on August 03, 2012, 11:16:11 AM
Food stocks are always highly valued in all markets because food always sells.

Ok thanks, but i think its not good ans of my question i need logical ans. however whats mean by P/E . and how it  calculated. i would b thankful if some one explain it.
Title: FCEPL -- formerly Engro Foods Limited
Post by: momo on August 03, 2012, 11:25:05 AM
Food stocks are always highly valued in all markets because food always sells.

Ok thanks, but i think its not good ans of my question i need logical ans. however whats mean by P/E . and how it  calculated. i would b thankful if some one explain it.

In a country like puts, where there is a huge population boom, food has unlimited potential as more and more people switch from un-packaged to packaged foods. In any case, like I said, food companies are always sold at a high P/E ratio.

P/E ratio stands for price per share over earnings per share.
Title: FCEPL -- formerly Engro Foods Limited
Post by: SBM on August 03, 2012, 12:47:46 PM
can any one tell me , why National foods price has gone to so much high. Nine months ago it was just about 60, and three months ago it was 130,  now its share price is about 230. so plz if any senior member has any information about this,  kindly share it.
i asked this becoz National foods is also food compnay like Efoods.
and also explain , why