▪︎Deregulation of non essential drugs
▪︎Stable Currency
▪︎Rockbottom API prices in China
Key developments for Pharmaceutical sector over the last 3-4 months which will be reflected going forward
Few IPOs coming up as well.
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Jerkonomist
1.7K posts
Today HBL's market cap is 163B which is half the size of MEBL's market cap of 306B.
Moral of the story: Good leadership is important. If you give terrible people to run your company, sooner or later it will collapse. Free markets don't tolerate laziness or incompetence.
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@StutterFreak @ricetex @AliKhizar Check statement of IMF's mission chief.
Ministry of energy is wrong.
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@WarrenBuffooon @ricetex @AliKhizar If caretaker is wrong on this tweet then pakistan Allah ke hawalay quiet literally
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A step in right direction.
The Express Tribune@etribune
The federal cabinet on the recommendation of the Ministry of National Health on Tuesday approved the proposals regarding deregulation of the prices of the medicines which were not included in the national list of essential medicines. For more: tribune.com.pk/story/2455673/1 #etribune #news #latest
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We have seen absurd amount of news on gas sector in last 3-4 weeks. Starting from selling of stake of SOEs, riko dik, dividend plug in and now tight gas policy. How much of this is incorporated in share prices of gas companies and how much will actually materialise?
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@arafayzafar Share price is already in a crapper tho. But let's see what happens.
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@WarrenBuffooon share price movement is not reflecting any big news
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*Textile sector*
It seems that only ILP is currently trading at some sort of respectable valuation.
Even giants like NML,GATM and NCL are being treated really badly.
Are sponsors gonna do nothing about it?
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*HIGHNOON* crosses Rs 20bn revenue for the year CY23. Despite massive currency deval over the past 3 years and other inflationary hurdles, the company managed to double its revenue.
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Lotte deal falters. Companies should be explaining a bit more when something like this happens as they were so sure that the deal is happening. Only retailers suffer in situations like this.
2nd stint after TOMCL's drama with Salic.
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@WarrenBuffooon You totally deserve this shameless promotion for sharing this stock. I first paid attention to it after you shared it, ignored it, then you reshared it. It was only then that i studied thoroughly and took entry at about 162 and still holding
Thank you man.
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Shameless self promotion time. Shsml was 100 at the time of this post and 356 currently.
Jerkonomist@WarrenBuffooon
SHSML is the real winner of PKR deval. Stable international demand for ethanol along with sticky molasses prices. At PKR/USD 240, SHSML is trading at P/E of 0.5x. This is not even dirt cheap,it's way beyond.
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@maliyaseen @iammtmpk T was change in hands.
This is selling in the market, right?
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@iammtmpk @WarrenBuffooon sponsors have been consistent sellers in 2023.. and today one notice too
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What's going on at AGHA?
Sponsor offloading some shares, IFC notice, factory fire and website being hacked.
All coinciding with one another.
Do we even have any idea when will they restart the plant?
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@primeinvestorpk That's what they say but if the furnace is closed. It takes alot more than that to restart the whole production process.
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@WarrenBuffooon I believe they said they would restart in 10 days
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Domestic H202 prices keeps on sliding.
Just to recall, non DTRE price (ex sales tax) was approx Rs 250-260/KG, 8-9 months ago and dipped to current levels of Rs 175/KG.
Major reason is inflow of cheaper alternative from Bangladesh while locals are forced to squeeze their margins.
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@WarrenBuffooon The biggest red flag was adding religious touch to the incident by portraying deaths as some sort of martyrdom medals. And surprisingly, in a span of just 2 days, they've been able to confirm that there was no failure from company's side.
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*Agha Steel*
Company's rebuttal on the incident that took place on friday.
This should be investigated further as it feels like the company is trying to downplay the incident.
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