JS Securities Limited – JS Research

Karachi, August 08, 2019 (PPI-OT): ABL and BAHL 2QCY19 result preview

Allied Bank Limited (ABL) is scheduled to announce its 1HCY19 result on August 20 2019, where we expect the bank to announce 2QCY19 EPS of Rs2.89, down 2% YoY.

Alongside the result, we expect ABL to announce second interim cash dividend of Rs2/share, taking 1HCY19 dividend to Rs4/share.

Bank Al Habib Limited (BAHL) is scheduled to announce its 1HCY19 result on August 21 2019, where we expect bottom-line to report a robust growth of 31% YoY, clocking in at Rs2.72bn (EPS: Rs2.45).

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