The lender gained 0.3 percent to AED17.85, after posting a 13 percent rise in second quarter net profit, helped by a rise in net interest income.
'Earnings were lower than our slightly optimistic estimate of AED1bn, mainly due to higher-than-expected provisions,' EFG-Hermes said in a note. 'We maintain our Buy rating on FGB as our fair value of AED24.30.'
No comments:
Post a Comment