Faysal Bank to issue China’s UnionPay cards in Pakistan
Faysal Bank Limited recently signed an agreement with China UnionPay for card issuance in Pakistan. Faysal Bank will be able to issue UnionPay cards and services in the country and the Middle East North Africa (MENA) region where Faysal Bank plans to offer UnionPay services to the Pakistani market in 2012. UnionPay’s cards are accepted on 1.5 mn ATMs and 4.5 mn POS terminals, in more than 126 countries having a card base of more than 2.8 bn globally. The Bank is expected to gain from providing these services to its customers. Faysal Bank has a book value per share of PkR 23.87 trading as on Sept 30, 2011 and it is trading at a P/B multiple of 0.4. BUY.
(AF)
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640 replies to this topic
#620
Posted 22 February 2012 - 05:58 PM
BM on
FABL
Tue, Feb 28 2012
15:00
Accounts For Oct-Dec 11.
FABL
Tue, Feb 28 2012
15:00
Accounts For Oct-Dec 11.
Click Here For: "Daily Reports From Different Brokerage Houses"
#621
Posted 23 February 2012 - 11:52 AM
FABL CY11 Results Preview
Faysal Bank Ltd is scheduled to announce its CY11 results on February 28, 2012. We expect it to post a loss in the fourth quarter of around PKR (606) m (LPS: PKR 0.73), which will bring down the full year PAT to PKR 687m (EPS: PKR 0.83). In 4QCY11, we believe FABL’s top line will not grow enough to counter the rise in costs and operating expenses. In addition, we expect the non-interest based income to remain low too, in line with the trend visible in the first nine months of CY11.
We do not expect FABL to give out any cash dividend. However, we expect it to give a bonus of 10%, in addition to the 12.5% bonus already given in the year.
(Taurus)
Faysal Bank Ltd is scheduled to announce its CY11 results on February 28, 2012. We expect it to post a loss in the fourth quarter of around PKR (606) m (LPS: PKR 0.73), which will bring down the full year PAT to PKR 687m (EPS: PKR 0.83). In 4QCY11, we believe FABL’s top line will not grow enough to counter the rise in costs and operating expenses. In addition, we expect the non-interest based income to remain low too, in line with the trend visible in the first nine months of CY11.
We do not expect FABL to give out any cash dividend. However, we expect it to give a bonus of 10%, in addition to the 12.5% bonus already given in the year.
(Taurus)
Click Here For: "Daily Reports From Different Brokerage Houses"
#622
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- Junior
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- 83 posts
- Joined 16-February 12
Member
Posted 23 February 2012 - 12:15 PM
Its means FABL Perform nai karega ....... so prediction of sale here?
#623
Posted 23 February 2012 - 12:19 PM
Naveed Memon, on 23 February 2012 - 12:15 PM, said:
Its means FABL Perform nai karega ....... so prediction of sale here?
profit main ho tu .. nikal jana he bhtari hogi .. baki dekho baki houses kiya boltay hain ...
GOOD LUCK bro
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#624
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- Junior
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- 83 posts
- Joined 16-February 12
Member
Posted 23 February 2012 - 12:47 PM
Bro Apne to level per hi hain 10.67 mai Liye they BM ki Date dekh k.........but abblagta hai k yahan sale karna hoga.....warna loss ki news dekh k 8 ka na hojaye.......
