reports
- MarketLine Department
Arif Habib Corp Ltd - Company Profile and SWOT Analysis
Summary Arif Habib Corp Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Arif Habib Corp Ltd (AHCL) is a holding company of the Arif Habib Group. It operates a diversified portfolio across various industries such as chemicals, fertilizers, financial services, constructio...
Habib Metropolitan Bank Ltd: 1 director
A director at Habib Metropolitan Bank Ltd bought 134,000 shares at 41.315PKR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...
- Hamza Kamal
Pakistan Bank_Risk mitigation continues; preference for large banks, (...
AKD Daily Pakistan Bank: Risk mitigation continues; preference for large banks Loan quality continues to remain upbeat in the outgoing qtr, with total NPLs of our private banking universe (accounting for 59.4% of total industry advances) contracting 1.7%QoQ but marginally up 3.0%YoY to stand at PkR295.5bn, translating into an infection ratio of 6.1%. Charge ratio of our banking universe for 3QCY20 stands at 0.4% vs. 0.6% in the previous qtr, as banks continue to build loss buffers (PkR7.3bn...
HMB_Core fundamentals improving, (AKD Daily, Dec 17, 2019)
Habib Metropolitan Bank (HMB) held its analyst briefing yesterday. To highlight, the bank reported earnings of PkR5.3bn (EPS: PkR4.81) in 9MCY19, +12%YoY with Net Interest Income (NII) registering growth of 10.4%YoY. The bank's hallmark fee and FX income reported 30.1%YoY and 2.4xYoY growth in 9MCY19. The management expects normalization in FX income going forward given stability in FX rate and is confident that outstanding provisions inc. general provisions is sufficient to absorb implicatio...
- Team AKD Research
HMB_Payout a limiting factor!
We initiate coverage on Habib Metropolitan Bank (HMB) with a ‘Neutral’ stance and a Dec’19TP of PkR43.8/sh. We believe lower dividend payout (CY18: 34.0% vs. CY17: 55.0%) due to pressure on CAR from unrealized losses on PIB holdings to overshadow otherwise strong fundamentals of the bank (avg. CY19-21F ROE of 17.1%) in the medium run. NIMs are likely to avg. at 3.4% (CY19-21F) vs. 2.8% (CY16-18) driven by, i) accumulation of higher yielding PIBs (3y CAGR assumed at 22.0%), and ii) advance...
- Syavash Pahore
Pakistan Banking Sector - 1Q2018 Earnings to Decline Due To Lower Capi...
1Q2018 Earnings are expected to decline by 14.6%YoY. Lower capital gains and the low interest rate environment are expected to keep revenues on a slightly declining trend. Total revenues are expected to remain flat as a result of 6.7%YoY growth in Net Interest Income (NII) which is expected to be set off by 16.5% decline in Non Funded Income (NFI). The decline in NFI is due to 76.3%YoY expected decline in capital gains. HMB is projected to post a YoY growth of 4% while FABL is expected to d...
- Syavash Pahore
Pakistan Banking Sector - Life After PIB Bonanza (Detailed Report)
Initiating Coverage on ABL, BAHL, FABL and HMB: We expand our Banking Universe by initiating coverage on ABL, BAHL, FABL and HMB with Dec-18 PT’s of PKR90/share, PKR75/share, PKR25/share and PKR30/share respectively. Overall we maintain a Marketweight stance on the sector as we eye NIM compression over the medium term, however we highlight select plays that 1) stand to gain the most and fastest amidst expected interest rate cycle reversal next year, 2) have longer term and higher yield PIB portf...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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