External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Oil and Gas Development Company (OGDC) held its Corporate Briefing Session today to discuss financial results and future outlook.</li><li>The company’s oil production during FY25 was around 30,919 bpd, while gas production stood at 652 mmcfd.</li><li>Approximately 1,790 bpd of oil and 91 mmcfd of gas volumes were lost due to forced curtailment by SNGPL and UPL. Management expects these volumes to recover as progress is made on the RLNG cargo deferment and anticipates a reduction in curtailment by April-May 2026.</li></ul>

Oil and Gas Development Company (OGDC) held its Corporate Briefing Session today to discuss financial results and future outlook.The company’s oil production during FY25 was around 30,919 bpd, while gas production stood at 652 mmcfd.Approximately 1,790 bpd of oil and 91 mmcfd of gas volumes were lost due to forced curtailment by SNGPL and UPL. Management expects these volumes to recover as progress is made on the RLNG cargo deferment and anticipates a reduction in curtailment by April-May 2026.

Topline Flash Note: Oil & Gas Development (OGDC): Corporate Briefing Key Takeaways

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Index Rebalance

PTT Exploration & Production / Index Rebalance

<ul><li>The SET Index is expected to weaken, with the support at 1,388/1,380 points (50-day EMA/10-day EMA) and the resistance at 1,400/1,405 points.</li><li>As for the big technical picture, there is a positive sign for the index, with the potential to move up to test the resistance at 1,405/1,416 points after yesterday managing to surpass the key resistance at 1,388 points for the first day.</li><li>However, today the index is at risk of falling to test the support at the 50-day EMA again, given that foreign investors may return to being net sellers owing to the impact of the FTSE Index rebalancing (four Thai stocks have been removed from the large cap list, and five have been removed from the small cap list).</li></ul>

The SET Index is expected to weaken, with the support at 1,388/1,380 points (50-day EMA/10-day EMA) and the resistance at 1,400/1,405 points.As for the big technical picture, there is a positive sign for the index, with the potential to move up to test the resistance at 1,405/1,416 points after yesterday managing to surpass the key resistance at 1,388 points for the first day.However, today the index is at risk of falling to test the support at the 50-day EMA again, given that foreign investors may return to being net sellers owing to the impact of the FTSE Index rebalancing (four Thai stocks have been removed from the large cap list, and five have been removed from the small cap list).

Keep a Close Watch on the FTSE Rebalancing

Canada

Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.

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Barrick Gold (ABX CN)

Topline Flash Note: Oil & Gas Development (OGDC): Corporate Briefing Key Takeaways

Oil and Gas Development Company (OGDC) held its Corporate Briefing Session today to discuss financial results and future outlook. The company’s...

Topline Securities

Keep a Close Watch on the FTSE Rebalancing

The SET Index is expected to weaken, with the support at 1,388/1,380 points (50-day EMA/10-day EMA) and the resistance at 1,400/1,405 points. As...

Krungthai XSpring

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52-week Range

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