Author Topic: BAFL -- Bank Alfalah  (Read 114807 times)

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BAFL -- Bank Alfalah
« Reply #-1 on: August 25, 2009, 12:04:45 PM »
All About Bank Alfalah Limited
« Last Edit: January 28, 2012, 09:08:48 PM by M&M »

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BAFL -- Bank Alfalah
« Reply #-1 on: August 25, 2009, 12:04:45 PM »

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Re: BAFL -- Bank Alfalah
« on: August 25, 2009, 12:04:56 PM »
BAFL: 1HCY09 Result Preview     Accumulate

Bank Afalah (BAFL) is scheduled to have its BoD meeting on Aug 27’09 to consider 1HCY09 results, where a formal announcement is expected on Aug 28’09. On an unconsolidated basis, we expect BAFL to post NPAT of PkR1.03bn (EPS: PKR0.77) in 1HCY09 against NPAT of PkR1.82bn (EPS: PkR1.35) in 1HCY08, a decline of 43%YoY

Offline 007

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Re: BAFL -- Bank Alfalah
« Reply #1 on: August 25, 2009, 05:00:37 PM »
bought 10K 11.72

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Re: BAFL -- Bank Alfalah
« Reply #2 on: August 26, 2009, 04:58:43 PM »
sold 11.82


looks a sell on the charts

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Re: BAFL -- Bank Alfalah
« Reply #3 on: August 28, 2009, 11:20:57 AM »
28-AUG-09 BAFL Bank Al-Falah FINANCIAL RESULT FOR THE HALF YEAR ENDED 30/06/2OO9
28-AUG-09 BAFL Bank Al-Falah PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 1,403.764
28-AUG-09 BAFL Bank Al-Falah PROFIT/LOSS AFTER TAXATION RS. IN MILLION 1,109.481
28-AUG-09 BAFL Bank Al-Falah EPS = 0.94

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Re: BAFL -- Bank Alfalah
« Reply #4 on: August 28, 2009, 11:21:15 AM »
On an unconsolidated basis, Bank Alfalah Limited (BAFL) has announced NPAT of PkR1.11bn (fully diluted EPS: PkR0.82) in 1HCY09 against NPAT of PkR1.82bn (EPS: PkR1.35) in 1HCY08, a decline of 39%YoY. Actual 1HCY09 earnings are 7% greater than our forecasted NPAT of PkR1.03bn (EPS: PkR0.77) in 1HCY09. On a sequential basis, earnings are up 47%QoQ in 2QCY09. Alongside the result, BAFL’s BoD has approved issuance of TFC up to PkR5bn. This is likely to boost the bank’s CAR, in our view, which would support future growth.

 

Key highlights of 1HCY09 results include 1) flat net interest income, 2) 3x increase in total provisions, 3) flat non-interest income, 4) indications of cost control (up just 7%YoY) and 5) an effective tax rate of just 21% (10% in 2QCY09). On a sequential basis in 2QCY09, net interest income has declined by 8%QoQ, total provisions are up 60%QoQ and non-interest income is down 5%QoQ (decline in fee income diluted by exceptional forex income and capital gains, up 387%QoQ and 11%QoQ, respectively).

 

BAFL trades at a forward CY09F Tier-I P/B multiple of 0.76x and a CY09F PER of 9.9x. At present, we have a Buy stance on BAFL based on our target price of PkR13.9/share. However, we will be looking to revise our investment case post issuance of detailed 1HCY09 results.

Offline 007

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Re: BAFL -- Bank Alfalah
« Reply #5 on: September 02, 2009, 02:34:52 PM »
wah bhai wah

bafl nay maza kara diya

 ;D

buy at 12.05
sold at 12.90

i try to  buy it again tommorrow

Offline 007

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Re: BAFL -- Bank Alfalah
« Reply #6 on: September 04, 2009, 01:31:34 AM »


another cup and handle formation in action

bafl broke out at 12 and now at 13,1

IGI trgt was 13,60 seems resonable one

PS farzooq sb wh levels are good for profit taking

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Re: BAFL -- Bank Alfalah
« Reply #7 on: September 04, 2009, 11:43:45 AM »


another cup and handle formation in action

bafl broke out at 12 and now at 13,1

IGI trgt was 13,60 seems resonable one

PS farzooq sb wh levels are good for profit taking

target 15


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Re: BAFL -- Bank Alfalah
« Reply #8 on: September 30, 2009, 04:49:37 PM »
support 12.5

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Re: BAFL -- Bank Alfalah
« Reply #9 on: October 05, 2009, 03:03:22 PM »
BAFL is trading at a PBV and PER of 0.7x and 7.3x based on FY2009
estimated earnings. Currently the stock is offering an upside potential of
43% to its December 2009 target price of 18/share. Buy

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Re: BAFL -- Bank Alfalah
« Reply #10 on: October 05, 2009, 04:42:47 PM »
BAFL is trading at a PBV and PER of 0.7x and 7.3x based on FY2009
estimated earnings. Currently the stock is offering an upside potential of
43% to its December 2009 target price of 18/share. Buy

Yeah target price kiss nay de ha???

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Re: BAFL -- Bank Alfalah
« Reply #11 on: October 05, 2009, 04:44:02 PM »
BAFL is trading at a PBV and PER of 0.7x and 7.3x based on FY2009
estimated earnings. Currently the stock is offering an upside potential of
43% to its December 2009 target price of 18/share. Buy

Yeah target price kiss nay de ha???

arif habib limited

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Re: BAFL -- Bank Alfalah
« Reply #12 on: October 05, 2009, 04:44:49 PM »
BAFL is trading at a PBV and PER of 0.7x and 7.3x based on FY2009
estimated earnings. Currently the stock is offering an upside potential of
43% to its December 2009 target price of 18/share. Buy

Yeah target price kiss nay de ha???

arif habib limited

Hmm.... means 2 paite lay k rakh lain  ;D

Offline Farzooq

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Re: BAFL -- Bank Alfalah
« Reply #13 on: October 05, 2009, 05:39:40 PM »
BAFL is trading at a PBV and PER of 0.7x and 7.3x based on FY2009
estimated earnings. Currently the stock is offering an upside potential of
43% to its December 2009 target price of 18/share. Buy

Yeah target price kiss nay de ha???

arif habib limited



Hmm.... means 2 paite lay k rakh lain  ;D

2 or 12 ?
« Last Edit: October 05, 2009, 06:09:07 PM by Farzooq »
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Offline arauf

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Re: BAFL -- Bank Alfalah
« Reply #14 on: October 05, 2009, 06:19:38 PM »
I am holding for last four months. Not going anyway since then.

Offline Farzooq

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Re: BAFL -- Bank Alfalah
« Reply #15 on: October 05, 2009, 11:20:16 PM »
buy with stop at 12.2
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Re: BAFL -- Bank Alfalah
« Reply #16 on: October 06, 2009, 01:22:40 AM »
farzooq sb mujhay tou bauhat acha lag raha hai, in rates per ::)

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Re: BAFL -- Bank Alfalah
« Reply #17 on: October 06, 2009, 08:56:25 AM »
BAFL is trading at a PBV and PER of 0.7x and 7.3x based on FY2009
estimated earnings. Currently the stock is offering an upside potential of
43% to its December 2009 target price of 18/share. Buy

Yeah target price kiss nay de ha???

arif habib limited



Hmm.... means 2 paite lay k rakh lain  ;D

2 or 12 ?

2 only

Offline Farzooq

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Re: BAFL -- Bank Alfalah
« Reply #18 on: October 06, 2009, 10:21:19 AM »
laoo bafl crosses 13
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