HNB Earnings Review - 2Q 2024 - BUY
Quarterly Earnings
02/10/2024
89
0
We believe HNB is poised for recovery in loan book and asset quality, in correlation to positive macro developments, aiding normalized recurring earnings going forward. We believe HNB has made sufficient provisions for ISBs. Hence, we remain bullish on HNB, assigning a forward fair value of LKR 301.50 and LKR 244.25 on voting and non-voting respectively, recommending BUY.
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