KARACHI: Pakistan Petroleum, the second largest oil & gas explorer in Pakistan is scheduled to announce its financial year result tomorrow on Tuesday.
After witnessing a downward momentum of 16 percent during the preceding year, it is broadly expected that company will post a robust growth this year owing to the spiky increase in Arab Light Crude Oil prices along with the higher wellhead gas prices whereas the volumetric growth is also expected to stay inline. The further support will come from the other income which is likely to amplify in response to in bank deposits of the company.
Followings are the market opinions for upcoming PPL`s results.
AKD Securities expects 41 percent increase in bottom line to Rs. 32,916 million comparing to Rs. 23,321 million during the same period earlier. They are estimating earnings per share (EPS) of Rs. 27.55 comparing to Rs 19.52 in preceding year. The topline of PPL to increase by 31 percent, estimates suggests. AKD also expects the announcement Rs. 2.00 cash dividend on every share taking full year payout to Rs. 12 per share. The company also likely to announce 10 percent bonus share along with the result, they added.
Topline Securities believes company's net profit to grow by a significant 44 percent to Rs 33,009 million. In this regards, the EPS of the company to be placed at Rs 27.60. Furthermore, the net sales of the company are projected to increase by 32 percent to Rs 78,980 million. With company already paid Rs 10 per share cash dividend (including Rs 5.00 per share in emergent meeting), they do not expect any cash payout. However, no cash payout is expected to be compensated by bonus issue of 20 percent.
JS Global Capital expects company to post an earning of Rs. 32,870 million. According to their report, company will post a full year EPS of Rs. 27.51 whereas the net sales of the company is expected to surge by 31 percent to Rs 78,664 million. They do not expect any cash payout with the results as they believe company has already announced a Rs. 5.00 per share cash dividend in June but they don't rule out a possibility of 10-20 percent bonus shares issue.
Global Securities anticipates company`s sales to surge by 32 percent to Rs. 78,941 million along with full year profit of Rs. 33,299 million. According to them, company's EPS is estimated to up at Rs. 27.87 and they also do not expect from company to announce any interim cash payout due to the announcement of cash dividend in June 21, 2011 in its emergent meeting of BoD.
Sherman Securities suggests that the company will post the bottom line of Rs 32,974 million comparing to Rs 23,321 million during the last period. While, company`s net sales is likely to enlarge by 31 percent yearly to Rs. 78,837 million. The EPS of the company is expected to stand at PKR 27.63. They are also not anticipating the announcement of any interim cash dividend. However, the company is likely to announce 10-20 percent bonus shares along with the result, they suggests.
The consensus estimates of all leading brokerage houses recommend to 'buy' the PPL scrip as they all foresee its target price would increase amid materialization of new production flows from its aggressive exploration strategy.
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