ABL has posted consolidated 2QCY21 EPS of PKR4.16, up 4%yoy and 16%qoq
The result is above our estimated EPS of PKR3.36 resulting from sharply higher NII and strong capital gains
We maintain our Buy rating
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Valuation Methodology: We use multiple valuation methodologies in arriving at a Target Price including, but not limited to, Discounted Cash Flow (DCF), Dividend Discount Model (DDM) and relative multiples based valuations.
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