FIRST ASIA SECURITIES
DATA AS OF 22 JUN 2026 · EOD
01 / Latest NoteAS OF 23 JUN 2026 · EOD
OGDCOil & Gas Development Company

A cash-rich major, but no longer the cheap one

Rating
NEUTRAL
12-Mo Target
360.00
Upside
8%
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02 / Coverage20 OF 20 WITH A NOTE
SymbolSectorRating12-Mo TargetUpsideLast
OGDCOil & Gas Development CompanyE&PNEUTRAL360.008%334.25
PPLPakistan PetroleumE&PNEUTRAL260.007%242.63
MARIMari EnergiesE&PBUY760.0015%658.67
POLPakistan OilfieldsE&PBUY800.0016%687.08
PSOPakistan State OilOMCsBUY430.0022%353.40
HUBCHub Power CompanyPowerBUY280.0021%231.98
LUCKLucky CementCementBUY520.0013%459.06
DGKCD.G. Khan CementCementBUY250.0015%216.59
FFCFauji Fertilizer CompanyFertilizerNEUTRAL620.0011%557.94
EFERTEngro FertilizersFertilizerNEUTRAL215.008%199.89
ENGROEngro HoldingsConglomerateBUY370.0016%318.50
HBLHabib BankBanksBUY350.0019%294.98
UBLUnited BankBanksBUY510.0017%437.46
MCBMCB BankBanksNEUTRAL430.007%400.10
MEBLMeezan BankBanksNEUTRAL560.009%512.17
BAHLBank Al HabibBanksBUY205.0020%170.71
SYSSystems LimitedTechnologyBUY185.0023%150.05
TRGTRG PakistanTechnologySELL55.00-17%65.95
INDUIndus Motor CompanyAutomobilesBUY2,500.0021%2,058.06
MTLMillat TractorsAutomobilesNEUTRAL330.006%312.38

COVERAGE EXPANDS AS NOTES ARE PUBLISHED · NOT INVESTMENT ADVICE