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) conducted its 2Q2025 Corporate Briefing Session today where management discuss financial performance and future outlook.</li><li>On deposit side, management commented that, the average deposits in Meezan were largely equal to the quarter end (2Q – Jun 2025) and presently deposits are standing well above Rs3trn.</li><li>We maintain BUY stance on bank as it currently trades at 2025E PE of 9.0x and PBV of 2.7x with dividend yield of 7%.</li></ul>

Meezan Bank (MEBL) conducted its 2Q2025 Corporate Briefing Session today where management discuss financial performance and future outlook.On deposit side, management commented that, the average deposits in Meezan were largely equal to the quarter end (2Q – Jun 2025) and presently deposits are standing well above Rs3trn.We maintain BUY stance on bank as it currently trades at 2025E PE of 9.0x and PBV of 2.7x with dividend yield of 7%.

トップラインフラッシュノート：ミーザン銀行（MEBL）：企業説明会の要点