Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
  <li>Unilever is a global consumer staples giant with a diversified portfolio of brands across Beauty &amp; Wellbeing, Personal Care, Home Care, and Nutrition, possessing a strong foothold in emerging markets which contribute significantly to its revenue.</li>
  <li>The company is currently executing a Growth Action Plan focused on concentrating investment behind its top brands, enhancing productivity, and simplifying its portfolio, including the planned separation of its Ice Cream business.</li>
  <li>While facing challenges such as intense competition, economic volatility, and evolving consumer preferences, Unilever's scale, brand loyalty, and extensive distribution network provide a solid foundation for long-term value creation.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Unilever is a global consumer staples giant with a diversified portfolio of brands across Beauty &amp; Wellbeing, Personal Care, Home Care, and Nutrition, possessing a strong foothold in emerging markets which contribute significantly to its revenue.
  The company is currently executing a Growth Action Plan focused on concentrating investment behind its top brands, enhancing productivity, and simplifying its portfolio, including the planned separation of its Ice Cream business.
  While facing challenges such as intense competition, economic volatility, and evolving consumer preferences, Unilever's scale, brand loyalty, and extensive distribution network provide a solid foundation for long-term value creation.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

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.

Cross Asset Strategy

<ul><li>KSE-100 index companies posted earnings of Rs609bn in 4QFY26, up 34% YoY and 20% QoQ.</li><li>The E&P sector witnessed significant boost in profitability, surging 2.6x YoY and 2.3x QoQ to Rs214.2bn, mainly driven by a huge tax reversal following the FCC’s decision on super tax.</li><li>This takes the FY26 dividends to Rs904.4bn, up 11% with a payout ratio of around 45%.</li></ul>

KSE-100 index companies posted earnings of Rs609bn in 4QFY26, up 34% YoY and 20% QoQ.The E&P sector witnessed significant boost in profitability, surging 2.6x YoY and 2.3x QoQ to Rs214.2bn, mainly driven by a huge tax reversal following the FCC’s decision on super tax.This takes the FY26 dividends to Rs904.4bn, up 11% with a payout ratio of around 45%.

Pakistan Strategy - Corporate Profitability Up 34% in 4QFY26; FY26 Earnings Up 23%; Dividends Up 11%

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We previously discussed our belief that equities were in the midst of a rally/short squeeze, but that the rally is likely to fizzle in the 4100-4165 area on S&amp;P 500</li>
<li>And, as you will see below, countless other indexes and Sectors are testing important resistance levels. We continue to expect 4100-4165 on the S&amp;P 500 to cap upside</li>
<li>Buy ideas highlighted within defensives, including Consumer Staples, Health Care, and Communications: CMCSA, CHTR, UL, KHC, CAG, SJM, CPB, LLY, MRK, and NVO</li>
</ul>


We previously discussed our belief that equities were in the midst of a rally/short squeeze, but that the rally is likely to fizzle in the 4100-4165 area on S&amp;P 500
And, as you will see below, countless other indexes and Sectors are testing important resistance levels. We continue to expect 4100-4165 on the S&amp;P 500 to cap upside
Buy ideas highlighted within defensives, including Consumer Staples, Health Care, and Communications: CMCSA, CHTR, UL, KHC, CAG, SJM, CPB, LLY, MRK, and NVO


Many Indexes/Sectors Testing Resistance; Limited Upside From Here; Buys in Staples and Health Care

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul><li>Men’s grooming in the UK grew by 3% in 2017 to reach GBP1.8 billion.</li><li>Men’s skin care was one of the principal drivers of growth, while men’s shaving continues to decline.</li><li>Unilever led ahead of Procter &amp; Gamble with 17% and 16% value shares respectively in 2017.</li><li>Retailers pursued an everyday low pricing strategy causing downward pressure on unit prices.</li><li>Men’s grooming is expected to grow at a CAGR of 3% in value terms at constant 2017 prices over the forecast period to reach GBP2.1 billion by 2022.</li></ul>

Men’s grooming in the UK grew by 3% in 2017 to reach GBP1.8 billion.Men’s skin care was one of the principal drivers of growth, while men’s shaving continues to decline.Unilever led ahead of Procter &amp; Gamble with 17% and 16% value shares respectively in 2017.Retailers pursued an everyday low pricing strategy causing downward pressure on unit prices.Men’s grooming is expected to grow at a CAGR of 3% in value terms at constant 2017 prices over the forecast period to reach GBP2.1 billion by 2022.

Sector Capsule: Men's Grooming in the United Kingdom

<ul><li>Skin care posted healthy current value growth of 5% in 2017, to reach USD18.4 billion.</li><li>The demand for efficacious and multifunctional skin care products coincides with greater consumer interest in healthy living and wellness.</li><li>Premium skin care witnessed healthy growth in 2017, driven by face masks and premium skin care sets/kits</li><li>Investment in South Korean skin care companies was seen in 2017, following Unilever’s purchase of Carver Korea and retailers such as CVS, Target, Sephora and Ulta Beauty dedicating more shelf-space to Korean brands.</li><li>L'Oréal USA remained the leader in skin care in 2017, with a 10% value share.</li><li>Skin care is expected to post a value CAGR of 3% at constant 2017 prices over the forecast period, to reach USD21.1 billion in 2022.</li></ul>

Skin care posted healthy current value growth of 5% in 2017, to reach USD18.4 billion.The demand for efficacious and multifunctional skin care products coincides with greater consumer interest in healthy living and wellness.Premium skin care witnessed healthy growth in 2017, driven by face masks and premium skin care sets/kitsInvestment in South Korean skin care companies was seen in 2017, following Unilever’s purchase of Carver Korea and retailers such as CVS, Target, Sephora and Ulta Beauty dedicating more shelf-space to Korean brands.L'Oréal USA remained the leader in skin care in 2017, with a 10% value share.Skin care is expected to post a value CAGR of 3% at constant 2017 prices over the forecast period, to reach USD21.1 billion in 2022.

Netherlands

Unilever is a British multinational consumer packaged goods company that manufactures and sells a wide range of products including beauty & personal care, home care, and food & beverages. Its portfolio includes approximately 400 brands globally. The company was formed in 1929 from the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie, and is headquartered in London, England.

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Unilever (UNI3 GR)

Primer: Unilever NV (UNIA NA) - Aug 2026

Unilever is a global consumer staples giant with a diversified portfolio of brands across Beauty & Wellbeing, Personal Care, Home Care, and...

αSK Primers

Pakistan Strategy - Corporate Profitability Up 34% in 4QFY26; FY26 Earnings Up 23%; Dividends Up 11%

KSE-100 index companies posted earnings of Rs609bn in 4QFY26, up 34% YoY and 20% QoQ. The E&P sector witnessed significant boost in...

Topline Securities

Many Indexes/Sectors Testing Resistance; Limited Upside From Here; Buys in Staples and Health Care

We continue to expect 4100-4165 on the $SPX to cap upside. Many other indexes and Sectors are also testing important resistance levels dating back...

Vermilion Research

Sector Capsule: Men's Grooming in the United Kingdom

Men’s grooming in the UK grew by 3% in 2017 to reach GBP1.8 billion. Men’s skin care was one of the principal drivers of growth, while men’s...

Euromonitor International Ltd.

Sector Capsule: Skin Care in the US

Skin care posted healthy current value growth of 5% in 2017, to reach USD18.4 billion. The demand for efficacious and multifunctional skin care...

Euromonitor International Ltd.

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