Equity Analysis /
Pakistan

Habib Bank: MSCI event can be buying opportunity; maintain Buy

  • We raise our CY21/22f EPS estimates by 5/8% after incorporating sharper monetary tightening

  • Margin expansion and strong balance sheet growth should help deliver a 15%+ EPS CAGR over the next 3 years

  • Outflow from exiting passive EM funds in the upcoming MSCI event is an opportunity, Buy

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
9 November 2021