AHL’s model portfolio for FY25 presents a strategic selection of top picks across various sectors, aiming to capitalise on anticipated economic recovery in Pakistan. <\/p>\n\n\n\n
Here\u2019s an overview of their recommendations:<\/p>\n\n\n\n
Top picks: OGDC and PPL<\/strong> Top picks: UBL, MEBL, and MCB<\/strong> Top Pick: FFC<\/strong> The company is well-placed to pass on any gas tariff hikes to consumers, ensuring profitability in FY25.<\/p>\n\n\n\n Top picks: LUCK and MLCF<\/strong> Top pick: PSO<\/strong> Top picks: ILP and NML<\/strong> However, the impact of a normal tax regime on earnings should be monitored.<\/p>\n\n\n\n Top pick: HUBC<\/strong> Top pick: INDU<\/strong> AHL has also made adjustments to its portfolio, closing positions in ENGRO<\/strong> and increasing allocations in FCCL<\/strong> and FFBL<\/strong>, reflecting a proactive approach to market dynamics.<\/p>\n","protected":false},"excerpt":{"rendered":" AHL’s model portfolio for FY25 presents a strategic selection of top picks across various sectors, aiming to capitalise on anticipated economic recovery in Pakistan. <\/p>\n","protected":false},"author":4890,"featured_media":2304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[184],"class_list":["post-6076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-psx-blog","tag-ahl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/02\/ahl-logo-v2-1140x363.png",1140,363,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/02\/ahl-logo-v2-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/02\/ahl-logo-v2-300x57.png",300,57,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/02\/ahl-logo-v2.png",1920,363,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/6076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/4890"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=6076"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/6076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/2304"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=6076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=6076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=6076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
AHL highlights these companies due to expected higher payouts and the potential sale of government stakes in state-owned enterprises, including the Reko Diq project<\/strong>, which may serve as key growth triggers.<\/p>\n\n\n\nBanking sector<\/h2>\n\n\n\n
While subdued interest rates may limit earnings growth, these banks are expected to focus on volumetric growth and enhancing non-markup income, positioning them well in the current economic climate.<\/p>\n\n\n\nFertilizer<\/h2>\n\n\n\n
FFC is recognized for its strong pricing power and stable demand. <\/p>\n\n\n\nCement<\/h2>\n\n\n\n
These companies are expected to benefit from improved demand amid economic revival, lower coal costs, and higher retention prices, alongside initiatives aimed at energy efficiency.<\/p>\n\n\n\nOil & Gas marketing<\/h2>\n\n\n\n
With the anticipated economic recovery and lower oil prices, PSO is expected to see increased demand for petroleum products, making it a key player in this sector.<\/p>\n\n\n\nTextiles<\/h2>\n\n\n\n
The global recovery is expected to drive demand in textiles, while energy costs are projected to decrease due to government initiatives. <\/p>\n\n\n\nPower generation<\/h2>\n\n\n\n
Timely tariff adjustments are expected to alleviate cash flow issues and help manage the circular debt problem, positioning HUBC favourably for growth.<\/p>\n\n\n\nAutomobile assembly<\/h2>\n\n\n\n
As economic stability returns, demand for vehicles, particularly hybrids, is expected to rise, driven by lower interest rates and increased fuel efficiency.<\/p>\n\n\n\n