Habib Bank (HBL): Earnings Revised Down, Downgraded To "Hold"
Investment Thesis: Post announcement of HBL’s 2Q2018 financial results, we revise down our earnings estimate for HBL by ~20% for 2018-20 as bank...
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Habib Bank (HBL): Earnings Revised Downwards; ‘Buy’ Stance Maintained
HBL recently announced its 1Q2018 earnings of Rs3.1/share (-49% YoY), which remained lower than expectations. After incorporating 1Q2018...
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Pakistan Banks: Pension Case Impact Lower than Expectation
As per our channel checks and media reports, Supreme Court (SC) has asked the big 4 private Banks (HBL, UBL, MCB and ABL) to increase monthly...
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Pakistan Banks: Advances Grow by 17% in 2017; ADR Improves to 53%
Advances of the banking sector grew by 17% in 2017 which is in line with growth registered during last year. Advances to deposit ratio (ADR)...
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Pakistan Strategy: MSCI Semi Annual Review, Pakistan Weight in MSCI EM Likely to Fall
MSCI semi annual index review is scheduled on Nov 13, 2017 where Pakistan’s weight in MSCI EM index is expected to be around 0.10% based on Oct 31,...
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