Author Topic: MCB -- MCB Bank Ltd.  (Read 117238 times)

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Offline 007

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MCB -- MCB Bank Ltd.
« Reply #-1 on: June 08, 2009, 11:24:55 PM »



hi there

Guys wht abt mcb depreciated 30 rs, to buy or not to buy
« Last Edit: February 09, 2014, 08:19:43 PM by M&M »

Pakinvestorsguide

MCB -- MCB Bank Ltd.
« Reply #-1 on: June 08, 2009, 11:24:55 PM »

Offline 007

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Re: MCB -- Muslim Commercial Bank Limited
« on: June 10, 2009, 11:58:00 PM »
12 re gained in the last 2 sessions :o

i hope it goes north a little more

Offline 007

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #1 on: June 25, 2009, 11:02:56 PM »
good performance by mcb

um@ir

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« Last Edit: July 21, 2009, 05:51:34 PM by um@ir »

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #3 on: August 05, 2009, 11:33:30 AM »
MCB’s 1H2009 net income expected at PRs7.8bn (EPS PRs11.30)
MCB’s board meeting is scheduled on August 8, 2009 to consider 1H2009
financials, while the announcement notice will be posted on August 10, 2009. The
bank’s profitability for the period is likely to be at PRs7.81bn (EPS PRs11.30), a
meager growth of ~2% as against PRs7.67bn (EPS PRs11.11) in 1H2008. While on
quarterly basis, during 2Q2009, profitability is expected to remain at PRs3.68bn
(EPS PRs5.32) or 3% higher on Y-o-Y basis, however will be 11% lower on Q-o-Q
basis. Furthermore, the result is also expected to accompany a second interim
cash dividend of PRs2.0-2.5/share to cumulate the year-to-date payout at 45-
50%.
For the period, Net Interest Income (NII) of the bank is likely to witness a notable
growth of 42% at PRs17.87bn on the back of an impressive jump in Net Interest
Margin (NIM) of the bank to 9.5% versus 7.6% during the same period last year.
For 2Q2009, NII is expected at PRs8.78bn with an increase of 37% over the
2Q2008 while down by 4% on sequential quarter basis. Importantly, the bank’s
NIM peaked in 1Q2009 at 9.9%, and thereon we anticipate softening in the
margins at 9.2% in 2Q2009 as lending rates fallen inline with the decline in
KIBOR while cost of deposits to remain almost flat due to abundance of saving
accounts. And by regulation, all banks are bound to pay a minimum 5% profit on
saving accounts from June 2008.

Despite impressive growth in net mark-up income, a surge in provisions and administrative expenses is likely to
impede the growth in net interest income of the bank. During 1H2009, provisions are expected to grow at a rate of
2.6x to PRs3.85bn as against PRs1.24bn in the same period of last year. Along with higher provisions, administrative
expenses are also anticipated to increase by 63% to PRs5.03bn due to lower gain on pension fund amid subdued
equity market performance.

Offline 007

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #4 on: August 06, 2009, 05:41:10 PM »
hoping for 2 upper locks in MCB 8)

Offline shoib bhai

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #5 on: August 06, 2009, 08:48:11 PM »
It all depends on the market.

Offline 007

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #6 on: August 09, 2009, 01:08:56 AM »
rbs ki buy out news loog confirm kar rahain

lets c if mcb positively reacts :o

Offline Farzooq

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #7 on: August 10, 2009, 10:26:29 AM »

breaking out
resistance 175
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Offline Honda 125

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #8 on: August 10, 2009, 10:27:33 AM »

breaking out
resistance 175

 ::) Kya ride ha yaar

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #9 on: August 10, 2009, 11:45:34 AM »
10-AUG-09 MCB MCB Bank Ltd. FINANCIAL RESULT FOR THE HALF YEAR ENDED 30/06/2OO9
10-AUG-09 MCB MCB Bank Ltd. PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 11,688.703
10-AUG-09 MCB MCB Bank Ltd. PROFIT/LOSS AFTER TAXATION RS. IN MILLION 7,756.489
10-AUG-09 MCB MCB Bank Ltd. EPS = 11.22
10-AUG-09 MCB MCB Bank Ltd. DIVIDEND = 25%(i)
10-AUG-09 MCB MCB Bank Ltd. BOOK CLOSURE FROM 07/09/2009
10-AUG-09 MCB MCB Bank Ltd. BOOK CLOSURE TO 14/09/2009

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #10 on: August 10, 2009, 12:22:07 PM »

mcb to pay 7.5 billion for rbs . cnbc

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #11 on: August 11, 2009, 12:46:52 AM »
broke out target 185

Offline 007

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #12 on: August 11, 2009, 01:15:30 AM »
yahoo,

one more lock to go

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #13 on: August 11, 2009, 11:44:01 PM »

breaking out
resistance 175



was unable to sustain break above its resistance

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #14 on: August 12, 2009, 11:20:18 AM »
Investment perspective
MCB bank remains our preferred pick in the Pakistan Bank sector due to its strong balance sheet
metrics, low risk to book value and asset growth potential. We expect average RoE of 21% for MCB
over the next three years. At current market price MCB trades at 2009E P/B multiple of 1.74x
compared to our implied multiple of 1.8x (PO: PRs180) for the bank.

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #15 on: August 12, 2009, 03:05:21 PM »
MCB announces acquisition of RBS Pakistan

MCB Bank has announced successful acquisition of RBS Pakistan for US$87mn (Rs7.2bn). The Bank will acquire 1.707mn shares representing 99.37% of the total paid up capital, for a cash consideration of Rs4.22/share. Based on 31st March 2009 accounts, the transaction was carried out at a multiple of 0.73x the book value.

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #16 on: August 13, 2009, 12:09:21 PM »

resistance 175
stoploss 171

strategy
1. sell near 175 176
2. hold with stoploss at 171

Offline 007

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #17 on: August 13, 2009, 05:10:52 PM »
sold 177,  ;D

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Re: MCB -- Muslim Commercial Bank Limited
« Reply #18 on: August 15, 2009, 01:03:47 PM »

resistance 175
stoploss 171

strategy
1. sell near 175 176
2. hold with stoploss at 171