The Bank of Punjab Limited (BOP): The best is yet to come… Reiterate ‘BUY’ with PKR 15 Target Price - By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We reiterate our &lsquo;BUY&rsquo; stance on the Bank of Punjab Limited (BOP) with a Dec&rsquo;25 target price of PKR 15/sh., offering an upside of 51% over the last day close, along with the highest dividend yield in the TSL Banking Universe of 19% (CY25) - translating into a total return of 70%. BOP is currently trading at a forward P/B (x) of 0.3x, a ~69% discount to our coverage banks.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Despite 1QCY25 earnings remaining under pressure, we are optimistic about the Bank&rsquo;s future prospects including positive earnings outlook and payout capacity, and highlight the recent correction in its share price as an attractive buying opportunity. We forecas...