Jerkonomist

Be bold

[Jerkonomist @WarrenBuffooon]

▪︎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.

[Jerkonomist @WarrenBuffooon]

@asad_murani Unfair comparision. Tech company and a bank.

[Jerkonomist @WarrenBuffooon]

@StutterFreak @ricetex @AliKhizar Check statement of IMF's mission chief.
Ministry of energy is wrong.

[Jerkonomist @WarrenBuffooon]

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: https://t.co/qMaeefajbf
#etribune #news #latest

[Jerkonomist @WarrenBuffooon]

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?

[Jerkonomist @WarrenBuffooon]

@arafayzafar Share price is already in a crapper tho. But let's see what happens.

[Jerkonomist @WarrenBuffooon]

Is AGHA going to default?

[Jerkonomist @WarrenBuffooon]

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?

[Jerkonomist @WarrenBuffooon]

*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?

[Jerkonomist @WarrenBuffooon]

2 sides of market manipulation.

[Jerkonomist @WarrenBuffooon]

*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.

[Jerkonomist @WarrenBuffooon]

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.

[Jerkonomist @WarrenBuffooon]

@husseinalishah Haha. Thanks man

[Jerkonomist @WarrenBuffooon]

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.

[Jerkonomist @WarrenBuffooon]

@maliyaseen @iammtmpk T was change in hands.
This is selling in the market, right?

[Jerkonomist @WarrenBuffooon]

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?

[Jerkonomist @WarrenBuffooon]

@primeinvestorpk That's what they say but if the furnace is closed. It takes alot more than that to restart the whole production process.

[Jerkonomist @WarrenBuffooon]

@BaigShayan1234 When will it be online? Any idea

[Jerkonomist @WarrenBuffooon]

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.

[Jerkonomist @WarrenBuffooon]

@AUKL94 True. 👍

[Jerkonomist @WarrenBuffooon]

*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.