Earning Preview: Higher NII likely to lift ABL’s net earnings in CY19

News Image

By MG News | February 06, 2020 at 11:55 AM GMT+05:00

0:00

February 6, 2020 (MLN): Allied Bank Limited (ABL) is scheduled to announce its financial results for CY19 on Friday i.e. tomorrow, where the Board of Directors of the company will review and discuss the company’s financial performance.

According to the projection table given below, brokerage houses, JS Global and Pearl Securities expect the bank to post a rise in its net earnings by 6% YoY whereas Arif Habib expects the bank to report a slender increment in its net earnings by 3% YoY only.

Research House

PAT for CY19

Earnings per share (EPS)

% change YoY

JS Global

Rs 13.68 billion

Rs 11.94

6%

Pearl Securities

Rs 13.78 billion

Rs 11.38

6%

Arif Habib

Rs 13.5 billion

Rs 11.78

3%

 

The slight increase in bottom-line is expected mainly on the account of an increase in the bank’s net interest income.

During CY19, the bank’s interest income is anticipated to increase substantially owing to better asset pricing at higher yields. Moreover, interest expense is estimated to rise due to an increase in deposits volumes and higher deposit rates, resulting in an increase in bank’s NII, as per the research of Pearl Securities.

According to JS Global research, non-funded income is likely to decline due to lower capital gains and drop in dividend income, given unsatisfactory performance of equity market and lower payout from power companies during CY19, leading to limited bottom-line growth expectations.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court


July 04, 2025 at 06:41 PM GMT+05:00

Govt domestic debt, liabilities nears Rs54tr in May



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg