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.

Thematic (Sector/Industry)

Consumer Price Index (CPI) inflation for Dec 2016 stood at 3.7% YoY as compared to 3.8% in Nov 2016. Inflation remained below market expectations. On MoM basis, inflation declined by 0.68%, which is a 22-month low, as against an increase of 0.2% in previous month, on the back of significantly lower food inflation. Food inflation that contributes around 35% to the total headline CPI inflation was up 2.4% YoY in Dec 2016 vs. 2.5% in Nov 2016. On MoM basis, food inflation declined by 2.3%, which is…

Consumer Price Index (CPI) inflation for Dec 2016 stood at 3.7% YoY as compared to 3.8% in Nov 2016. Inflation remained below market expectations. On MoM basis, inflation declined by 0.68%, which is a 22-month low, as against an increase of 0.2% in previous month, on the back of significantly lower food inflation. Food inflation that contributes around 35% to the total headline CPI inflation was up 2.4% YoY in Dec 2016 vs. 2.5% in Nov 2016. On MoM basis, food inflation declined by 2.3%, which is…

Equity Bottom-Up

<ul><li>We had a management meeting with the senior management of HUBC CEO, Mr. Kamran Kamal and CFO, Mr. Muhammad Saqib on the recent financial results and outlook.</li><li>Management stated that due to the government’s focus on this area and timely release of the planned subsidies, the Company’s recoveries have improved, particularly for its coal-fired power plants.</li><li>The Company said that different options have been explored for its base plant at Hub, which has a huge industrial land of ~1,100 acres.</li></ul>

We had a management meeting with the senior management of HUBC CEO, Mr. Kamran Kamal and CFO, Mr. Muhammad Saqib on the recent financial results and outlook.Management stated that due to the government’s focus on this area and timely release of the planned subsidies, the Company’s recoveries have improved, particularly for its coal-fired power plants.The Company said that different options have been explored for its base plant at Hub, which has a huge industrial land of ~1,100 acres.

Hub Power Company (HUBC): Management Meeting Takeaways; Various Options Explored For Base Plant; BYD To Provide Growth

<ul><li>Hub Power Company (HUBC) held its corporate briefing today to discuss FY25 financial result and future outlook.</li><li>The company is confident that its two Thar-based plants, TEL and ThalNova, will declare their maiden dividend in 2H2025.</li><li>We have a BUY recommendation on the company as it is trading at FY26/27 PE of 4.2/3.0 and dividend yield of 10%/11%.</li></ul>

Hub Power Company (HUBC) held its corporate briefing today to discuss FY25 financial result and future outlook.The company is confident that its two Thar-based plants, TEL and ThalNova, will declare their maiden dividend in 2H2025.We have a BUY recommendation on the company as it is trading at FY26/27 PE of 4.2/3.0 and dividend yield of 10%/11%.

Topline Flash Note: Hub Power Company (HUBC): Corporate Briefing Key Takeaways

<ul><li>Hub Power Company (HUBC) announced its 4QFY25 result wherein company reported earnings of Rs11.8bn (EPS of Rs9.16), 42% YoY mainly due to termination of base plant. The same is up by 8% QoQ.</li><li>This brings FY25 profits to Rs46.1bn (EPS 35.6) a 34% decline from due to mentioned reason above.</li><li>HUBC declared a Rs10/share dividend for 4QFY25, above industry expectations, taking FY25 dividend to Rs15/share.</li></ul>

Hub Power Company (HUBC) announced its 4QFY25 result wherein company reported earnings of Rs11.8bn (EPS of Rs9.16), 42% YoY mainly due to termination of base plant. The same is up by 8% QoQ.This brings FY25 profits to Rs46.1bn (EPS 35.6) a 34% decline from due to mentioned reason above.HUBC declared a Rs10/share dividend for 4QFY25, above industry expectations, taking FY25 dividend to Rs15/share.

Hub Power Company (HUBC): 4QFY25 EPS At Rs9.16, Down 42% YoY And Up 8% QoQ - In Line With Expectations

<ul><li>Hub Power Company (HUBC) announced its 2QFY25 result wherein company reported earnings of Rs4.2bn (EPS of Rs3.25), down 72% YoY and 78% QoQ -falling short of expectations due to lower gross profits and higher other expenses.</li><li>This brings 1HFY25 profits to Rs 23.3bn (EPS 17.99) a 28% decline from 1HFY24 where a Rs32.4bn (EPS 24.95) earning was recorded.</li><li>HUBC declared a Rs5/share dividend for 2QFY25, above industry expectations.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hub Power Company (HUBC) announced its 2QFY25 result wherein company reported earnings of Rs4.2bn (EPS of Rs3.25), down 72% YoY and 78% QoQ -falling short of expectations due to lower gross profits and higher other expenses.This brings 1HFY25 profits to Rs 23.3bn (EPS 17.99) a 28% decline from 1HFY24 where a Rs32.4bn (EPS 24.95) earning was recorded.HUBC declared a Rs5/share dividend for 2QFY25, above industry expectations.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hub Power Company (HUBC): 2QFY25 EPS at Rs3.25, Down 72% YoY and 78% QoQ

Pakistan

The Hub Power Company Limited owns, operates and maintains an oil fired power station in Pakistan.  The Company delivers electricity for distribution to industrial, commerce, agricultural, and domestic customers.  Hub's clients include The Water and Power Development Authority.

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Hub Power Company (HUBC PA)

Pakistan Inflation Review - Dec 2016

Consumer Price Index (CPI) inflation for Dec 2016 stood at 3.7% YoY as compared to 3.8% in Nov 2016. Inflation remained below market expectations....

Topline Securities

Hub Power Company (HUBC): Management Meeting Takeaways; Various Options Explored For Base Plant; BYD To Provide Growth

We had a management meeting with the senior management of HUBC CEO, Mr. Kamran Kamal and CFO, Mr. Muhammad Saqib on the recent financial results...

Topline Securities

Topline Flash Note: Hub Power Company (HUBC): Corporate Briefing Key Takeaways

Hub Power Company (HUBC) held its corporate briefing today to discuss FY25 financial result and future outlook. The company is confident that its...

Topline Securities

Hub Power Company (HUBC): 4QFY25 EPS At Rs9.16, Down 42% YoY And Up 8% QoQ - In Line With Expectations

Hub Power Company (HUBC) announced its 4QFY25 result wherein company reported earnings of Rs11.8bn (EPS of Rs9.16), 42% YoY mainly due to...

Topline Securities

Hub Power Company (HUBC): 2QFY25 EPS at Rs3.25, Down 72% YoY and 78% QoQ

Hub Power Company (HUBC) announced its 2QFY25 result wherein company reported earnings of Rs4.2bn (EPS of Rs3.25), down 72% YoY and 78%...

Topline Securities

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