Last update: Fri, 21 Oct 2016 11pm

BR Research: All


Real estate slowdown is upon us. After showing exuberance in the latter half of CY13, the real estate market seemingly lost impetus in 1Q CY14 in the three major urban centers.
The largest oil and gas exploration and production company was awarded 29 new exploration licenses earlier this year by the Directorate General Petroleum Concessions (DGPC), which almost doubled the company’s exploration portfolio.
National Investment Trust (NIT), the largest asset management company, announced its 9M FY14 results yesterday. The financial had both positives and negatives, owing to changes in accounting policy relating to ‘element of income’.
With the lowest infection and the highest coverage ratio among the similar-sized banks, BAHL is touted by the banking analysts as the soundest bank in the mid-tier group.
The first quarter of CY14 has been unsurprisingly pleasant for banks. And Bank Alfalah joined the ride with an impressive financial performance. The bank’s P&L is in good shape, with double-digit growth from top to bottom in almost every head of account.
Just a glimpse of the Summit Bank’s 1Q CY14 financial statements gives one a fair idea that for now, the bank doesn’t aim to grow. Rather, it struggles to stabilize.
The fortune of GlaxoSmithKline Pakistan (GLAXO) shifted its gears with the start of 2014. The company closed the first quarter ending March 2014 with a growth of 20 percent in its bottom line where ‘other income’ emerged as the saving grace for its growth in profitability.