External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Meezan Bank (MEBL) announced highest ever quarterly earnings of Rs25.45bn (EPS of Rs14.2), which is up 2.2x YoY and 48% QoQ in 3Q2023. This takes 9M2023 earnings to Rs58bn (EPS of Rs32.4) up 103% YoY.</li><li>Alongside the financial result, bank also announced interim cash dividend of Rs5/share in 3Q2023, taking 9M2023 dividend to Rs12/share.</li><li>MEBL’s earning came slightly higher than industry expectation due to higher than expected Net Spread Earned which grew by 102% YoY and 29% QoQ to Rs64bn in 3Q2023.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Meezan Bank (MEBL) announced highest ever quarterly earnings of Rs25.45bn (EPS of Rs14.2), which is up 2.2x YoY and 48% QoQ in 3Q2023. This takes 9M2023 earnings to Rs58bn (EPS of Rs32.4) up 103% YoY.Alongside the financial result, bank also announced interim cash dividend of Rs5/share in 3Q2023, taking 9M2023 dividend to Rs12/share.MEBL’s earning came slightly higher than industry expectation due to higher than expected Net Spread Earned which grew by 102% YoY and 29% QoQ to Rs64bn in 3Q2023.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Meezan Bank (MEBL): Highest ever quarterly earnings of Rs25bn (EPS of Rs14.2) in 3Q2023

Pakistan

Meezan Bank Limited is a commercial bank dedicated to Islamic banking.  The bank provides a range of deposit products, loans, and other products through offices located throughout Pakistan.

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Meezan Bank (MEBL PA)

Meezan Bank (MEBL): Highest ever quarterly earnings of Rs25bn (EPS of Rs14.2) in 3Q2023

Meezan Bank (MEBL) announced highest ever quarterly earnings of Rs25.45bn (EPS of Rs14.2), which is up 2.2x YoY and 48% QoQ in 3Q2023. This takes...

Topline Securities

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