HUMNL (Hum Network Limited)
- Last Close: 11.90
- Stance: Bullish
- Strategy: Buy
Technical Levels:
- Support Levels: S1 – 11.50, S2 – 11.30
- Pivot: 11.65
- Resistance Levels: R1 – 12.15, R2 – 12.39, R3 – 12.89
- Stop Loss: 11.20
Fundamental View: Hum Network Limited operates multiple television channels and has a growing online presence. The company’s digital and subscription revenues have surged, increasing by 3.5x and 1.5x year-on-year in the first nine months of FY24, largely driven by a significant rise in YouTube viewership. Hum Network has also announced plans to expand into two new ventures: Tower Sports (associated with Ten Sports) and Sphere Ventures (focused on children’s content). Feasibility studies and due diligence for these ventures are currently underway, potentially enhancing the company’s revenue streams and market presence.
GAL (Ghandhara Automobiles Limited)
- Last Close: 194.27
- Stance: Bullish
- Strategy: Buy
Technical Levels:
- Support Levels: S1 – 192.00, S2 – 190.00
- Pivot: 195.77
- Resistance Levels: R1 – 201.30, R2 – 208.32, R3 – 213.85
- Stop Loss: 188.00
Fundamental View: Ghandhara Automobiles Limited is involved in the assembly and sale of commercial vehicles and passenger cars, including Chery SUVs. The company reported strong earnings of PKR 2.8 per share in the third quarter of FY24, a significant increase from PKR 0.1 per share in the preceding quarter. Looking ahead, GAL plans to introduce hybrid electric vehicle (HEV) variants of Chery SUVs in the first half of FY25. The implementation of axle load regulations is expected to further boost sales of commercial vehicles, contributing to the company’s growth prospects.
UBL (United Bank Limited)
- Last Close: 215.51
- Stance: Bullish
- Strategy: Buy
Technical Levels:
- Support Levels: S1 – 212.00, S2 – 210.00
- Pivot: 213.54
- Resistance Levels: R1 – 217.97, R2 – 220.44, R3 – 224.87
- Stop Loss: 209.00
Fundamental View: United Bank Limited has shown significant improvement in its Current Account Savings Account (CASA) ratio, reaching 88% in CY23. This improvement has led to an expansion in Net Interest Margins (NIMs) alongside a robust 27% year-on-year growth in deposits since CY22. The bank recently announced its half-yearly results, including dividends amounting to PKR 44 per share for the full year, translating to an average yield of 33% in CY23. This strong financial performance underscores UBL’s stability and growth potential.
HCAR (Honda Atlas Cars Limited)
- Last Close: 310.85
- Stance: Bullish
- Strategy: Buy
Technical Levels:
- Support Levels: S1 – 310.00, S2 – 304.00
- Pivot: 309.62
- Resistance Levels: R1 – 316.23, R2 – 321.62, R3 – 328.23
- Stop Loss: 300.00
Fundamental View: Honda Atlas Cars Limited has experienced a 52% year-on-year increase in sales volumes during the first four months of CY24, which is expected to continue improving throughout the year. This growth is attributed to the low base of the previous year. The company’s gross margins have improved to 8.0% in the first nine months of MY24, compared to 6.0% in the same period last year. The anticipated addition of a hybrid variant in the HR-V lineup is expected to further boost sales and support long-term growth.
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