United Bank Limited (UBL): result previews – By JS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">United Bank Limited (UBL) is scheduled to announce its 9M2017 earnings on October 19, 2017, where we expect the bank to post 8% YoY lower earnings of Rs19.90bn (EPS Rs16.26).</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In 3Q2017, we expect earnings to decline by 6% YoY but QoQ earnings are likely grow by 16% owing to no Super Tax charge this quarter.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Alongside result, we expect the bank to announce a third interim cash payout of Rs3.0/share, taking 9M2017 payout to Rs9.0/share. We maintain our &lsquo;Buy&rsquo; call on UBL with a Target Price of Rs289.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font...