According to an AKD report future payout ability of HUBC remains clouded with legal constraints having delayed determination of a tariff for FO to coal conversion.
AKD analyst has lowered earnings estimate for HUBC on the back of higher than anticipated OandM cost incurred in 1QFY14 (up by 18%YoY) and expected higher maintenance expenditure along with a subdued load factor of 62% and low generation bonus in 2QFY14E.
Some of the top gainers during the week included ENGRO (on ECC's decision to allocate gas from Reti Maru, Sara West and Mari), EFOODS (on strong growth prospects) and HUBC (on strong cash payout and positive investor response regarding demerger of Narowal) and other notable gainers during the week were PSMC and AICL.
08%WoW amid financial results of NBP, HUBC, TELE and ANL, among others), analysts believe that most corporate results have already been announced.
Dividends from HUBC would provide the key cash support to DAWH amid losses in core operations and lower relative payouts from ENGRO.