Equity Analysis /

Prime Bank: PRIME BANK: Q1 18: Slight miss – asset reallocation and lower impairment major highlights; reiterate Sell

    Waseem Khan
    Waseem Khan

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

    Tellimer Research
    17 May 2018
    Published byTellimer Research
    EPS 4% below forecast: Q1 18 EPS was BDT0.31, a 58% decline yoy, mostly due to large tax-free one-off gains taken in Q1 17. Major variances to our forecast were: impairment charge (beat), effective tax rate (miss).