BY F. YAP SECURITIES / 2TRADEASIA
Morgan Stanley (MS) is said to have put Metrobank (MBT) into its Asia Pac ex-Japan (APxJ) & Global Emerging Markets focus lists.
An unnamed MS source claimed, while MBT’s growth lagged previously, it expects increased loan growth this year, which should drive the strongest underlying earnings per share among the Big Three.
He said, capital raising could be accretive. MBT’s loans should grow by as much as 20% with net interest margins seen to widen from more exposure to consumer lending, leading to a target price of PHP 135.75/share.