Equity Analysis /

BANGLADESH BANKS: Q2 18 wrap – the worst is over

    Waseem Khan
    Waseem Khan

    Equity Research Analyst, Financials, Consumer and Pharmaceuticals (Bangladesh)

    Tellimer Research
    9 August 2018
    Published byTellimer Research
    Q2 18 wrap: lower risk cost and effective tax rate to the rescue. Valuations are still interesting despite the recent rally. We prefer BRAC in Bangladesh due to its profitable core operations, balance sheet strength and mobile money prospects (via bKash). Other picks include EBL and City.