Equity Analysis /
Pakistan

Meezan Bank: The best long-term play!

  • Estimates and TP raised on strong balance sheet growth, lower provisioning and a higher sustainable ROE

  • Premium valuations (CY21f P/B: 1.8x) are backed by the highest ROE within our coverage space.

  • In the backdrop of rebounding GDP growth, MEBL is the best exposure to the domestic growth cycle.

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
3 June 2021