Broker Name Date Sector Company Type Target Profit % Up Side Link
Toplines security limited 2021-11-19 FERTILIZER FFC
 Corporate Briefing Takeaways - -
Inside Secuirty 2021-12-17 FERTILIZER ENGRO
 Preferred picks 396 45
Inside Secuirty 2021-12-17 FERTILIZER FFC
 Preferred picks 142 41
Inside Secuirty 2021-12-27 FERTILIZER FFC
EFERT
FFBL
FATIMA
 Decline in DAP offtake amid record-high prices - -
Inside Secuirty 2022-01-14 FERTILIZER FFC
EFERT
FFBL
ENGRO
FATIMA
 The year in review and what’s next - -
Inside Secuirty 2022-01-24 FERTILIZER EFERT
FFC
FFBL
 4QCY21 Previews: Healthy core operations to elevate profitability - -
Inside Secuirty 2021-12-30 FERTILIZER FFC
EFERT
FFBL
FATIMA

 Fertilizers Offtakes - -
Darson Securities (Private) Limited 2022-01-25 FERTILIZER FFBL
Fertilizer Update! - -
Darson Securities (Private) Limited 2022-01-25 FERTILIZER FFC
EFERT
FFBL
FATIMA
 Overall offtakes plummet by 9.8% MOM - -
Darson Securities (Private) Limited 2022-01-27 FERTILIZER FFC
 Result Preview - -
Inside Secuirty 2022-01-31 FERTILIZER FFBL
Analyst briefing takeaways - -
Inside Secuirty 2022-02-01 FERTILIZER FFC
 Analyst Briefing Takeaways - -
Toplines security limited 2022-02-02 FERTILIZER FFC
EFERT
FFBL
FATIMA
AGL
 Urea production to jump 24% YoY in Jan-2022; highest in Jan in last 15 years - -
Arif Habib Limited 2022-02-03 FERTILIZER FFC
EFERT
FFBL
FATIMA
 Jan’22: Urea sales down by 4% MoM; DAP offtake up by 1% MoM - -
Darson Securities (Private) Limited 2022-02-08 FERTILIZER EFERT
 EFERT 4QCY21 Result Preview! - -
Arif Habib Limited 2022-02-11 FERTILIZER EFERT
 Analyst Briefing Takeaways - -
Taurus Securities Limited 2022-02-11 FERTILIZER ENGRO
 4QCY21 EPS expected at PKR 13.7 (PAT: PKR 14.4Bn) - -
Toplines security limited 2022-02-17 FERTILIZER ENGRO
 4Q2021 EPS at Rs8.28, down 29% YoY (earnings lower than industry expectations) - -
Inside Secuirty 2022-03-14 FERTILIZER FFC
EFERT
FFBL
FATIMA
 Earnings to get a boost - -
Insight Securities 2022-03-25 FERTILIZER EFERT
 Dividend bonanza to continue 101 24
Taurus Securities Limited 2022-03-29 FERTILIZER FFC
EFERT
FFBL
FATIMA
 Fertilizer offtake up 8%YoY - -
Topline Securities Ltd 2022-04-14 FERTILIZER FFC
ENGRO
FFBL
 Earnings Preview - -
Topline Securities Ltd 2022-04-15 FERTILIZER ENGRO
DAWH
PKGS
THALL
NML
KTML
IGIHL
 Strategy - --
Foundation Securities Private Limited 2022-04-19 FERTILIZER FFC
EFERT
FFBL
 Pricing power to uplift profitability in 1QCY22 - -
Topline Securities Ltd 2022-04-20 FERTILIZER EFERT
 1Q2022 Analyst Briefing Key Takeaways - -
Arif Habib Limited 2022-04-22 FERTILIZER ENGRO
 Result Review - -
Darson Securities Limited 2022-04-25 FERTILIZER FFBL
 Below Our Expectation - -
Insight Securities 2022-04-27 FERTILIZER FFC
 1QCY22 EPS clocked in at PKR4.9 - -
Topline Securities Ltd 2022-05-12 FERTILIZER FFBL
 Analyst Briefing Key Takeaways - -
Topline Securities Ltd 2022-05-25 FERTILIZER EFERT
FFC
FFBL
 Urea Price Controversy - -
Topline Securities Ltd 2022-07-05 FERTILIZER EFERT
FFC
FFBL
 Urea sales likely at 724k tons in Jun-2022, up 5% YoY - -
Insight Securities - Pakistan 2022-07-07 FERTILIZER FFBL
 Better earnings expected amid robust DAP margins 29 45
Insight Securities - Pakistan 2022-07-21 FERTILIZER FFBL
EFERT
FFC
 Earnings Preview - -
Darson Securities Limited 2022-07-22 FERTILIZER FFBL
 Result Preview - -
Topline Securities Ltd 2022-07-25 FERTILIZER FFBL
 Result Review - -
Darson Securities Limited 2022-07-27 FERTILIZER Engro
 Result Preview - -
Topline Securities Ltd 2022-07-28 FERTILIZER EPCL
 Company Update - -
Insight Securities - Pakistan 2022-07-28 FERTILIZER FFC
 Above Expectation - -
Arif Habib Limited 2022-08-17 FERTILIZER Engro
 Result Review - -
Insight Securities - Pakistan 2022-09-01 FERTILIZER FFBL
EFERT
FFC
FATIMA
 Wheat support price to propel urea offtakes - -
Topline Securities Ltd 2022-09-05 FERTILIZER FFBL
EFERT
FFC
 Sector Research - -
Topline Securities Ltd 2022-10-12 FERTILIZER EFERT
 Analyst Briefing Key Takeaways - -
Foundation Securities Private Limited 2022-12-15 FERTILIZER ENGRO
 ENGRO announces buy-back - -
Foundation Securities Private Limited 2023-01-31 FERTILIZER FFC
 4QCY22 EPS clocked in at Rs4.09, DPS Rs3.15 - -
Foundation Securities Private Limited 2023-01-31 FERTILIZER FFBL
 4QCY22 EPS clocked in at Rs3.25 - up 28% YoY
Topline Securities Ltd 2023-02-02 FERTILIZER FFBL
FFC
EFERT
Fatima Group
 Urea sales likely at 617k tons in Jan-2023 - up 3% YoY
Foundation Securities Private Limited 2023-02-07 FERTILIZER FFC
 FFC Analyst Briefing Key Takeaways - -
Topline Securities Ltd 2023-02-08 FERTILIZER FFBL
 Analyst Briefing Key Takeaways - -
Topline Securities Ltd 2023-02-16 FERTILIZER ENGRO
 Analyst Briefing Key Takeaways - -
Insight Securities 2023-02-17 FERTILIZER ENGRO
 4QCY22 Analyst briefing key takeaways. - -
Insight Securities 2023-03-01 FERTILIZER ENGRO
 Pakistan Fertilizers Offtakes up by 2% YoY, led by imported urea offtakes - 2%
Insight Securities 2023-03-16 FERTILIZER FFC
 Quality earnings and hefty cash on book warrants buy stance - -
Topline Securities Ltd 2023-03-28 FERTILIZER ENGRO
 Pakistan Key Holding Companies - -
Insight Securities 2023-04-05 FERTILIZER EFERT
 Gas tariff obscurity resulted in urea price disparity - -
Topline Securities Ltd 2023-04-07 FERTILIZER FFC
 Urea sales likely at 1,623k tons in 1Q2023, flat YoY - -
Insight Securities 2023-04-17 FERTILIZER EFERT
 1QCY23 EPS clocked in at PKR3.30 – Above expectations - -
Topline Securities Ltd 2023-04-20 FERTILIZER ENGRO
 Big Surprise: Rs40 per share interim dividend - -
Topline Securities Ltd 2023-04-26 FERTILIZER FFBL
 1Q2023 LPS at Rs4.20 Vs EPS of Rs1.26 in 1Q2022- Loss higher than industry expectations 1Q2023 DPS - - -
Foundation Securities Private Limited 2023-04-27 FERTILIZER FFC
 1QCY23 EPS clocked in at Rs6.08, DPS Rs4.26 - 24/48% YoY/QoQ
Topline Securities Ltd 2023-05-04 FERTILIZER EFERT
 Pakistan Fertilizer: Urea sales for Apr-2023 likely to decline by 11% YoY - -
Insight Securities 2023-05-08 FERTILIZER FFBL
 1QCY23 Analyst Briefing Takeaways - -
Insight Securities 2023-05-29 FERTILIZER EFERT
 April’23 Urea offtakes down by 11% YoY - -
Insight Securities 2023-06-23 FERTILIZER FFC
 May’23 Urea offtakes up by 10% YoY - -
Topline Securities Ltd 2023-07-05 FERTILIZER FFC
 Urea sales for Jun-2023 to decrease by 17% YoY; 1H2023 down by 5% - -
Topline Securities Ltd 2023-07-13 FERTILIZER FFC
 Profits (Excl. FFBL) likely to be stable in 2Q2023; Profits expected to decline slightly to Rs11.8bn - -
Insight Securities 2023-07-20 FERTILIZER EFERT
 2QCY23 Preview: Supertax to restrict profitability - -
Insight Securities 2023-07-25 FERTILIZER FFC
 2QCY23 EPS clocked in at PKR4.20 – Below expectation - -
Insight Securities 2023-07-27 FERTILIZER EFERT
 2QCY23 EPS clocked in at PKR0.79 – Below expectations - -
Insight Securities 2023-07-31 FERTILIZER EFERT
 2QCY23 Analyst briefing key takeaways - -
Topline Securities Ltd 2023-08-04 FERTILIZER FFC
 Pakistan Fertilizer - Urea sales for Jul-2023 up 36% YoY; 7M2023 up 1% YoY - 1% YoY
Insight Securities 2023-08-08 FERTILIZER FFC
 2QCY23 Analyst briefing key takeaways - -
Foundation Securities Private Limited 2023-08-17 FERTILIZER ENGRO
 2QCY23 EPS clocked in at Rs10.3, DPS 2.0 - 43
Insight Securities 2023-08-18 FERTILIZER EFERT
 Ever rising urea prices - -
Chase Securities Pakistan Private Limited 2023-10-02 FERTILIZER FFC
 Urea Sales are expected to decline by 5% YoY in Sep’23 - -
Insight Securities 2023-10-10 FERTILIZER EFERT
 3QCY23 Preview: Higher offtakes to augment profitability - -
Chase Securities Pakistan Private Limited 2023-10-18 FERTILIZER EFERT
 CORPORATE BRIEFING NOTES - -
Chase Securities Pakistan Private Limited 2023-10-23 FERTILIZER FFC
 Earnings Preview 3QCY23 - -
Insight Securities 2023-10-24 FERTILIZER FFBL
 3QCY23 EPS clocked in at PKR4.11 – Above expectations - -
Insight Securities 2023-10-25 FERTILIZER FFC
 3QCY23 EPS clocked in at PKR7.18 – Below expectation - -
AKD Securities Limited 2023-10-26 FERTILIZER FATIMA
 EPS below our expectation owing to low margins - -