External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

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