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>Management stated that approximately 75% of their investment portfolio is in floating-rate instruments with a weighted average maturity (WAM) of 9 years, repriced every six months.</li><li>On the deposit side, the bank emphasized a selective growth strategy, focusing on quality deposits that contribute to margins, rather than aggressively expanding the overall deposit base.</li><li>Management also noted that with approximately 750 Islamic banking branches, along with Islamic banking windows, the bank has largest Islamic banking footprints in the country.</li></ul>

Management stated that approximately 75% of their investment portfolio is in floating-rate instruments with a weighted average maturity (WAM) of 9 years, repriced every six months.On the deposit side, the bank emphasized a selective growth strategy, focusing on quality deposits that contribute to margins, rather than aggressively expanding the overall deposit base.Management also noted that with approximately 750 Islamic banking branches, along with Islamic banking windows, the bank has largest Islamic banking footprints in the country.

United Bank Limited (UBL)- AGM Key Takeaways

United Bank Ltd

United Bank Limited (UBL)- AGM Key Takeaways