OGDCL is the largest exploration and production company in Pakistan. It has market leadership with over 50% of Pakistan's oil reserves and gas production. The stock is recommended as a buy due to its impressive financial performance, attractive valuation, and positive sector outlook. However, the investment is subject to commodity price risk, exchange rate risk, and security concerns related to exploration activities.
Fundamental Analysis of Dayang Enterprise Holdings Berhad by L. C. Chong
https://lcchong.wordpress.com/
https://www.facebook.com/groups/285121298359919/
Karur Vysya Bank is a privately held Indian bank, headquartered in Karur in Tamil Nadu. The company operates in four business segments: treasury operations, corporate/ wholesale banking operations, retail banking operations and other banking operations. The company's investments are categorized into three categories, held to maturity, held for trading and available for sale. Karur Vysya Bank
This presentation is related with Oil and Gas industry. In Pakistan, OGDCL is regulatory authority for oil and gas distribution. In this presentation, complete financial analysis of OGDCL is done to explain how big organizations works.
Useful for commerce, finance, accounting, business students.
Fundamental Analysis of Dayang Enterprise Holdings Berhad by L. C. Chong
https://lcchong.wordpress.com/
https://www.facebook.com/groups/285121298359919/
Karur Vysya Bank is a privately held Indian bank, headquartered in Karur in Tamil Nadu. The company operates in four business segments: treasury operations, corporate/ wholesale banking operations, retail banking operations and other banking operations. The company's investments are categorized into three categories, held to maturity, held for trading and available for sale. Karur Vysya Bank
This presentation is related with Oil and Gas industry. In Pakistan, OGDCL is regulatory authority for oil and gas distribution. In this presentation, complete financial analysis of OGDCL is done to explain how big organizations works.
Useful for commerce, finance, accounting, business students.
Bharat Petroleum Corporation Ltd (BPCL), a government‐owned company operating in
the refining and marketing segment. The company has also diversified into the
petrochemical feedstock and exploration and production segments.
Based on a consolidated FY12 P/E multiple of 12, the fair value for the
company works out to Rs 691.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
2. Investment Rationale
Stock Summary` Key Investment Risks
12M High/low 186/128 Commodity price risk
Ticker OGDCL Exchange rate risk
No. of shares (000) 4,300,928 Credit risk (circular debt)
Market cap (000) 769,909
Exploration & Drilling risk
12M Average daily volume 681,641
Security concerns
1M 3M 12M
Absolute% 4.6 19.0 43.0 A key plank of OGDC’s investment case
Relative index 0.7 5.1 5.7 is its three‐year volume CAGR of 13%
making it one of the fastest growing
Abs. (PKR) 8.1 29.3 55.0 mid‐cap Asian E&Ps
OGDC’s investment in a PKR82bn energy bond via conversion of its
overdue receivables not only offers earnings upside, but also raises possibility of
higher cash payout in 2013
3. Investment Rationale
Favorable
Macroeconomics
indicators
Attractive Leadership in the
Valuation E&P sector
Impressive
Positive sector
outlook BUY financial
Performance
4. Sector Analysis
• Sector revenue growth – 25%
• Bottom line growth (PAT) – 40%
• Growth drivers
– Higher Oil prices
– Exploration cost reduction – more successful drilling
• Year end expectations bright
– Excessive cash balances
– Healthy dividends announcements
• Major new discoveries
• E&P sector outperformed the broader index by 9%
during the year
5. Leadership In the E&P sector
• Accounts for 52% of the total Pakistan’s recoverable oil reserves
• Accounts for 37% of the total Pakistan's recoverable Gas reserves
• Accounts for 56% of the total Pakistan Oil production
• Accounts for 22% of the total Pakistan Gas production
• Accounts for 22% of the total Pakistan exploration acreage
Market share
60
50
40
30
Market share
20
10
0
Oil reserves Gas reserves Oil production Gas production Exploaration Acreage
6. Favorable Macroeconomic Indicators
• Rising Oil Prices • Energy return on energy invested
Exchange rate depreciation has had a major positive impact on OGDCL
earnings, and further depreciation will further strengthen the company’s
bottomline
7.
8. Impressive Financial Performance
• Sales Analysis Sales (billion
– Sales grew at a CAGR of 11.9% 300
(2007-2012) and is expected to grow 250
at the current rate in the medium- 200
term
150
– Hike in Oil prices is the largest 100
Sales (billion
contributor to OGDCL’s topline
50
– Successful exploration & growing 0
demand for energy are major drivers 2007 2008 2009 2010 2011 2012 2013 2014 2015
for future growth
OGDCL sales to reach PKR 277.2 billion in FY15 growing at a CAGR of 11.9%
Sales revenue figures PKR(bn)
2010 2011 2012 2013 2014 2015
OGDCL 142.57 155.63 197.84 221.38 247.72 277.20
9. Impressive Financial Performance
• Profitability Analysis 80
75
70
FY11 FY12 FY13 FY14 65
13.53% EPS CAGR 14.77 22.53 25.57 29.03 60
55
FY07-FY14
50
45
40
11.9% Revenue 155.63 197.84 221.38 247.72
35
CAGR FY07-FY14 30
2007 2008 2009 2010 2011 2012
Net Income
160 Net Profit Margin EBITDA Margin to sales
140
120
100
80
The company is 100% equity
60
Net Income (billion)
financed and its unleveraged
40 nature of funding makes it a solid
20
long-term investment
0
2007 2008 2009 2010 2011 2012 2013 2014 2015
10. Impressive Financial Performance
Liquidity/Investment Analysis
12
• Unleveraged funding 10
8
6
4
2
0
2007 2008 2009 2010 2011 2012
Current ratio dividend yield ratio
2012A 2013E 2014F Confidence on Dividend growth:
DPS PKR 7.5 12 15 •Conversion of overdue receivables with energy
bonds
D/Y % 4 7 8
•Energy bonds (6M kibor+1%) > Receivables (0%)
•More cash on the balance sheet
11. Attractive Valuation
Price Sensitivity
Assumptions Price Sensitivity
Risk Free rate 10.5% T 350
a
300
Risk premium 6% r
g 250
Beta 1.28 e
200
t
Cost of equity 18% 150
P
r
Weight of Equity 1 i
100
c 50
WACC 18% e 0
Dividend growth rate 11%
WACC
Current Price (9/10/2012) PKR176.5
Target Price 31st Dec 2012 PKR192
The target price as of 31st Dec gives an upside
potential of 8.8%
