External broker reports(aggregated public sources), Topline Securities

Topline Securities

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.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Topline Securities hosted an Analyst Briefing Session for United Bank Limited (UBL), where the key speaker was Mr. Muhammad Jawaid Iqbal, President of UBL.</li><li>UBL has achieved deposit growth of 98% in last 2 years (industry growth 40%), wherein current deposits have grown at 114% (industry: 40%) during the same period.</li><li>UBL stock has given total return of 1247% since Jan 2023 which includes robust dividend return of 588% and capital gain of 659%. Their market cap has jumped from a low of Rs113bn in Jan 2023 to Rs966Bbn now.</li></ul>

Topline Securities hosted an Analyst Briefing Session for United Bank Limited (UBL), where the key speaker was Mr. Muhammad Jawaid Iqbal, President of UBL.UBL has achieved deposit growth of 98% in last 2 years (industry growth 40%), wherein current deposits have grown at 114% (industry: 40%) during the same period.UBL stock has given total return of 1247% since Jan 2023 which includes robust dividend return of 588% and capital gain of 659%. Their market cap has jumped from a low of Rs113bn in Jan 2023 to Rs966Bbn now.

Topline Flash Note: United Bank Limited (UBL): Corporate Briefing Key Takeaways

United Bank Ltd

Topline Flash Note: United Bank Limited (UBL): Corporate Briefing Key Takeaways