Earnings Report /
Pakistan

Bank Al Habib: 3QCY21 review – strong platform for growth

  • BAHL has posted 3QCY21 EPS of PKR4.43, up 9% qoq but down 18% yoy

  • An earnings beat vs our projections due to strong fx gains of PKR848mn vs an estimated PKR400mn

  • BAHL is very cheap and is an excellent play to ride the rate hike cycle, reiterate Buy!

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
27 October 2021