Equity Analysis /
Bangladesh

Prime Bank: PRIME BANK: Adjusting TP for 10% stock dividend

    Waseem Khan
    Waseem Khan

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

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    Tellimer Research
    6 May 2018
    Published byTellimer Research
    We adjust our TP for Prime Bank to BDT18.0 from BDT20.0, to reflect the increase in share count following the 10% stock dividend announced by the company on 4 April 2018 (record date 6 May 2018). We also adjust our dividend assumptions following the announcement and record date. There is no change to our investment thesis, reiterate Sell.