Adamjee Insurance Company Limited: HOLD with PO PKR 46.50 FY 13 - TopicsExpress



          

Adamjee Insurance Company Limited: HOLD with PO PKR 46.50 FY 13 Result preview Adamjee Insurance Company Limited (AICL) is all set to announce its FY13 financial result on Mar 20, 2014. We foresee AICL reporting a profit after tax (PAT) of PKR1,910mn (Fully Diluted EPS: PKR5.46, after incorporating 183% bonus announced in 9MFY13 results) during FY13 against a profit after tax of PKR624mn (Diluted EPS: PKR5.05) during the last year. We also foresee AICL announcing a dividend per share of PKR2/- as Final Dividend for FY13, excluding PKR2.5 as interim dividend and a Bonus payout of 183%aprox against a dividend per share of PKR2.5/- during FY12. … We have ‘HOLD’ ratings for the Adamjee Insurance Company Limited scrip with a Fair Value of PKR 46.50, giving a potential upside of 3pc based on the Mar 19, 2014 closing price of PKR 45.15. Research AL Habib Capital Markets (Pvt.) Ltd.
Posted on: Thu, 20 Mar 2014 11:50:03 +0000

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