1433 replies to this topic

[Stock Guru]

bottom fish engro.

[Stock Guru]

engro wins the gas bidding,hope kisi ne neechay ke rate per pakra hoga

[rehman11]

i have bought @ 177 i think it will cross 200 hundred very soon

[Stock Guru]

ab iski fair value 210 ke around banti hai,ab tezi aye tou kya pata is se agay bhi khich jaye.

[bull]

Engro Chemicals (ENGRO-PkR181.10) has been awarded 100 mmcfd of gas for its 1.3mn MT expansion, which will effectively increase the overall capacity to roughly 2.4mn MT. Surprisingly Engro was able to fetch the deal for a mere US$1.7mn, as other potential parties failed to turn up (market consensus for this contract was in the range of US$30mn to US$45mn), thus substantially reducing its upfront cost. This might not be the big trigger the market has been waiting for, but it is definitely good news in a dull market (a lot of foreign queries have been with respect to growth stocks, and Engro is now a good pitch). Going forward, the other positive developments in the pipeline could be a good response on the privatization of Pakistan State Oil (last date for submitting SoQs is December 15, 2006) and the upcoming result season (starting from mid-Jan).

FROM: AKD closing pulse

[rehman11]

Engro is agood buy at this level