Karachi, December 16, 2014 (PPI-OT): UBL: Reiterate liking post correction While UBL is up 27%CYTD, it has shed 10% since the SBP re-initiated monetary easing with a 50bps DR cut to trade at a CY15F P/B of 1.5x and P/E of 8.4x. With reinvestment risk on the horizon, AKD Securities trims AKD Securities EPS estimates …
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