Bank AL Habib Limited (BAHL): 1HCY17 EPS recorded at PkR4.12 (?21%YoY) – By FCEL Research

  • By: First Capital Equities Limited

  • - Published: Wednesday, 23 August 2017
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Bank AL Habib Limited (BAHL) announced 1HCY17 earnings of PkR4.6bn (EPS: PkR4.12) vs. PkR3.8bn (EPS: PkR3.40) recorded in the CPLY. On sequential basis, the bank reported an EPS of PkR2.04 in the 2QCY17 compared to PkR1.13 in the 1QCY17, where the increment in income from gains on securities (EPS Impact: PkR0.93) was dented by super tax expense.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">&nbsp;Gross Yield slightly improved to 52.3% (1.2ppt/0.8ppt QoQ/YoY) which indicates the presence of considerable proportion of high yielding PIBs in the overall earning asset mix and improvement in deposit mix. Despite improvement in gross yield, NII registered a minute growth of 5%QoQ and remained flat YoY.</span></li><li...

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