Akseer Research (Pvt) Limited

Akseer is a Research & Analytics firm based out of Pakistan that specializes in Equity Research and Corporate Finance. Our team has exposure to a wide range of sectors including Economy, Banking, Telecommunications, Retail, Real Estate, Construction and Materials, Pharmaceuticals, Food, Energy, Chemicals and Petrochemicals. We have experience of covering companies in Middle East, Americas, Far East and South Asia.

Coverage

Export
Ticker Underlying First Report Latest Report
MARI PK0066301018 Mari Petroleum 2018/12/06 2018/12/06

Analysts

  • Uzair Shaikh

    N/A
  • Muhib Ur Rasool

    N/A
  • Fariya Saleem

    N/A
  • Musadiq Jawaid

    N/A
  • Sagar Karera

    N/A
  • Sarang Saeed Agha

    N/A
  • Usama Qamar Nizami

    N/A
  • Sohaib Subzwari

    N/A
  • Akseer Research

    N/A
Akseer Research ...
  • Uzair Shaikh

MARI: Growth to gain momentum in FY19

▪ We initiate our coverage on MARI with a Jun-19 price target (PT) of PKR 2,062/share. Out PT provides a potential upside of 53% along with 0.5% dividend yield. The stock is currently trading at FY19 PER of 5.6x. We have assumed oil prices at USD 60/bbl for FY19 and USD 60/bbl for the long term, whereas, our Jun-19 end PKR/USD assumption stands at 145.▪ MARI HRL reservoir is estimated to maintain a plateau of 650mmcfd till Jul-23, against previous estimates of 640mmcfd plateau which was projected to end in Feb-19. This eliminates concerns over subdued earnings due to low production volumes. Ad...

Federal Budget 2018-19: Massive reforms ahead of the elections

Federal Budget 2018-19: Massive reforms ahead of the elections Contrary to its populist appearance, Federal Budget FY19 is NOT a populist election year budget. It restricts non-filers of tax returns from purchasing all new motor vehicles, and property valued above PKR 4.0mn. Non-tax filers comprise 98% of Pakistan’s labor force. The budget introduces substantial punitive measures for concealment of foreign / domestic income / assets, thereby enhancing incentives to avail the amnesty scheme which has also been made a part of the finance bill, along with the measures to document the real estate...

Akseer Research ...
  • Uzair Shaikh

MARI: Growth to gain momentum in FY19

▪ We initiate our coverage on MARI with a Jun-19 price target (PT) of PKR 2,062/share. Out PT provides a potential upside of 53% along with 0.5% dividend yield. The stock is currently trading at FY19 PER of 5.6x. We have assumed oil prices at USD 60/bbl for FY19 and USD 60/bbl for the long term, whereas, our Jun-19 end PKR/USD assumption stands at 145.▪ MARI HRL reservoir is estimated to maintain a plateau of 650mmcfd till Jul-23, against previous estimates of 640mmcfd plateau which was projected to end in Feb-19. This eliminates concerns over subdued earnings due to low production volumes. Ad...

Federal Budget 2018-19: Massive reforms ahead of the elections

Federal Budget 2018-19: Massive reforms ahead of the elections Contrary to its populist appearance, Federal Budget FY19 is NOT a populist election year budget. It restricts non-filers of tax returns from purchasing all new motor vehicles, and property valued above PKR 4.0mn. Non-tax filers comprise 98% of Pakistan’s labor force. The budget introduces substantial punitive measures for concealment of foreign / domestic income / assets, thereby enhancing incentives to avail the amnesty scheme which has also been made a part of the finance bill, along with the measures to document the real estate...

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