External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Sui Northern Gas Pipelines Limited / Equity Bottom-Up

Sui Northern Gas Pipelines Limited (SNGP PA)

<ul><li>Sui Northern Gas Pipeline Limited (SNGPL) reported a significant increase in EPS of Rs13.01, up 280% YoY and 123% QoQ, due to a higher rate of return allowed for the full year FY24.</li><li>The Oil and Gas Regulatory Authority (OGRA) allowed a higher return for SNGP in FY24 to compensate for the disparity in returns compared to SSGC in FY23.</li><li>SNGP declared a dividend of Rs7.5/share for FY24, and the company is trading at FY25 and 26F PE of 4.6x and 5.2x, respectively.</li></ul>

Sui Northern Gas Pipeline Limited (SNGPL) reported a significant increase in EPS of Rs13.01, up 280% YoY and 123% QoQ, due to a higher rate of return allowed for the full year FY24.The Oil and Gas Regulatory Authority (OGRA) allowed a higher return for SNGP in FY24 to compensate for the disparity in returns compared to SSGC in FY23.SNGP declared a dividend of Rs7.5/share for FY24, and the company is trading at FY25 and 26F PE of 4.6x and 5.2x, respectively.

スイ・ノーザン・ガス・パイプライン（SNGPL）：2024年度第4四半期のEPSは13.01ルピーで、予想を上回る利益