(Download) "Banks: Sector Analysis Apr 2010" by Blue Chip # eBook PDF Kindle ePub Free

eBook details

Title: Banks: Sector Analysis Apr 2010
Author : Blue Chip
Release Date : January 31, 2010
Genre: Economics,Books,Business & Personal Finance,
Pages : * pages
Size : 49 KB

Description

Byline: AKD Research 31 March, 2010 ABL: analyst briefing key takeaways & reassessment of our investment case ABL held its analyst briefing yesterday to discuss its CY09 results and its medium term strategy & outlook. In a macroeconomic environment where the growth slump has become the "new normal", ABL's strategy is to continue on the path of balance sheet consolidation, especially deposit restructuring, while targeting top-tier blue chip companies with good credit histories and conservatively gaining market share in the high- yielding SME segment. We posit that the bank can maintain "quality" earning growth (EPS CAGR of 10% over FY10-FY13) over the medium term if it manages to build on the successes it has achieved in a tough operating environment where the bank in CY09: