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Morgan Stanley to focus on MBT?

27 Jan

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.

Stock Picks, Target Prices and Buy/Hold/Sell Recommendations! (size 728x90)

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.

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Posted by on January 27, 2015 in Corporate News, MBT, Stock Market

 

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