AN INTRODUCTION TO OUR SERVICE

Established in 1987, Hafiz Investors Service (HIS) is Pakistan's oldest independent equity investment advisory service that performs investment analysis for over 500 companies listed at the Karachi Stock Exchange. Not only have we extensively covered financial and business conditions of KSE-listed companies at the micro level for the last 19 years, but we also offer insight & analysis on macro-economic, political & other issues that are vital for making informed investment decisions in Pakistan. Our members range from financial institutions, brokerage firms and news agencies to the average individual investors in the stock market - towards whom our service is geared.

HIS is not controlled or managed by any financial institution or brokerage firm. We take pride in the fact that we are a completely independent equity analysis and research firm & hence our interests are aligned only with the interests of investors in the KSE. Our income is derived solely from subscriptions & our loyalty is only to our members.

WHO CAN BENEFIT?

The HIS service is designed to guide and inform:

The Private Investor who manages his own or his family’s funds, or who is responsible to those who do so on his authority. The HIS report helps such an investor to:

  1. Select scrips for purchase, retention or sale.
  2. Build a portfolio that is suitable in terms of appreciation, risks or yield targets.
  3. Maintain a portfolio in line with assigned objectives, throughout the period of investment.

You do not have to be a professional to understand the HIS company analysis. The form is designed such that one can easily ignore some of the statistics provided and still be able to select shares to buy, retain and sell. Even those hard-pressed for time will find that the reports do not demand too much of their time and at the same time guide them to invest profitably.

The Analyst who does his own research. For such a professional, just a glance at the report will be enough to tell him which scrips are unreasonably quoted. He can then make his own in-depth studies.

Banks, Financial Institutions and Corporate Managers would find that the HIS Analysis is useful in evaluating risks and remaining up-to-date about their clients and competitors.

Government Officials would find the industry studies and sector analyses very useful for planning policies and gauging prevalent economic conditions.

Please feel free to browse through our free Newsletter archives or download our sample reports to get a feel of our service. Incase you would like to register please browse to the subscriptions section for details on our packages and other membership info.

WHAT WE HAVE SAID

When HIS first commenced the newsletter in 1989, Pakistan was in a state of turmoil having just returned to a democratic form of government. The PPP government was in power and the law and order situation was rapidly worsening. Here is what we had to say in our February 10, 1990 Newsletter:

"...INVESTORS are CONCERNED about the political SITUATION developing in SIND...The call for strike on February 8, 1990, could be one of many such calls. We wrote in our Newsletter dated August 11, 1989, that a law and order problem exists in Sind, "However, all this has not affected industrial peace & consequently, the Stock Market has not reacted adversely." Frequent strike calls could alter the situation as industrial production will be adversely affected."

After the general elections of 1990, the IJI coalition came into power with Nawaz Sharif as Prime Minister. The stock market hence-forth rose by over 100% in 1991. By 1992, however, the tide was turning. Here is what we said on March, 28, 1992:

"SHARE PRICES are STABILIZING but POLITICAL events are creating APPREHENSIONS ...During the last 7 weeks, Market declined by 16% or 33% of the total rise of 1991 was wiped out... although the Market was then expected to rise the extent of the rally was quite unexpected. Thus one should not look for the 1991 (unexpected) rally once again... political situation is far from satisfactory... Prime Minister is getting isolated as his allies are deserting him...

After the Nawaz Sharif government fell in 1993, despite a rally in 1994, the market continued to fall through most of 1995. While commenting on what could happen in 1996, we wrote the following on January, 5, 1996:

"EXPERTS say, "MARKET will IMPROVE in 1996". Why? Foreign buying is likely due to lower interest rates in US. Consider - foreigners hesitate to visit Pakistan... but they will still choose our Market..! Experts also point...better cotton, wheat & rice crops saying "economic activity will rise.." ...Perhaps experts feel that more money in farmers hands will be diverted to shares irrespective of corporate profitability ...arguments appear weak... better conditions in 1996 is just a wish."

After years of a depressed stock market due to nuclear tests, sanctions and bankruptcy fears, 2000 marked the first time in ages when we began to feel bullish about the market. We wrote about it in our January, 6, 2000 newsletter:

"WE are VERY BULLISH. ...The view is based on several factors. The main one is REVIVAL of TEXTILE industry in the wake of low cotton domestic rates. ...The extra... $4 Billion [of profit] is in a position to revive the entire economy.

And again on February, 8, 2002 we wrote:

"Please FORGIVE US for REPEATING - It is NOT the TIME to SELL. And we are referring to shares as well as property. In times of rising share price there is always pressure to sell. It is not just the broker advising to "book profits" but there is this nasty fear that share prices could fall.... As was stated earlier...basic fundamentals of the country have changed since last September....To ANSWER as HOW MUCH the KSE 100 INDEX can RISE...statistically 3 times as much as of today...In other words, at 5,250 the PE ratio would equal to the 1994 ratio.

LATEST UPDATES

NOVEMBER 19, 2008 @ 2:00 PM

WEEKLY UPDATE UPLOADED

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NOVEMBER 12, 2008 @ 5:00 PM

WEEKLY UPDATE UPLOADED

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