Nauman Khan

Nauman Khan
Hide filters Show filters
Latest from Nauman Khan

Al Rajhi Bank: Strong fundamentals, priced in

We remain Neutral on Al Rajhi with a PT of SAR94.3. This, along with robust growth in fee & commission income, cost optimization and limited NPLs translated into best-in-class return profile. The stock trades at 2022f P/B of 4.6x vs peer group averag...
SNB Capital Nauman
Nauman Khan @ SNB Capital 9 June 2022

Extra: Solid growth and attractive investment case

We upgrade Extra to Overweight with a PT of SAR139.9. This is lower than the peers group average of 20.2x. Given higher rates and margins, we believe the company will continue to focus on personal loans in the future to reach 75% by 2024f. We expect ...
SNB Capital Nauman
Nauman Khan @ SNB Capital 7 June 2022

Bank AlJazira: Enhanced product offerings to unlock value

We remain Neutral on BJAZ with a revised PT of SAR26.3. As the bank is adequately capitalized and have comfortable liquidity position, we believe BJAZ is well positioned to capture new opportunities through its strategy to improve product offerings t...
SNB Capital Nauman
Nauman Khan @ SNB Capital 5 June 2022

Saudi Central Bank Monthly Bulletin – April 2022

The Saudi Central Bank (SAMA) published its monthly bulletin for April 2022. The loan growth marginally slowed down in April vs March, which we believe is due to the Ramadan effect. The benchmark 3M SAIBOR increased to 3.11% as of 31 May 2022 vs 1.0%...
SNB Capital Nauman
Nauman Khan @ SNB Capital 1 June 2022

Albilad: Strong growth prospects, priced in

We remain Neutral on Bank Albilad with a revised PT of SAR47.7. However, we believe these positives are priced-in. More recently, the bank have increased its focus on corporate lending (up 22% yoy in 2021). We believe this will mitigate the impact of...
SNB Capital Nauman
Nauman Khan @ SNB Capital 31 May 2022

BinDawood Holding: Earnings Call Summary – Q1 22

Total revenue increased by 4.5% yoy (+11.2% qoq) to SAR1.18bn in Q1 22 mainly driven by Ramadan and Back to School seasons. Sales of BinDawood stores increased by 13.8% yoy (+18.5% qoq), benefiting from the removal of Covid related restrictions. Net ...
SNB Capital Nauman
Nauman Khan @ SNB Capital 24 May 2022

Filter by tags

Nauman Khan
Saudi Arabia
MENA
Equity
Banks
Financials
NCBC
2019
Saudi
Health Care
Health Care Equipment & Services
Consumer Discretionary
2020
Food & Staples Retailing