Result Update LIC Housing Finance
LIC Housing Finance : Consistent Growth at Attractive Valuation
Reco : Buy Cmp : 243 Target : 300
LIC Housing Finance (LICHF) reported stable performance with healthy loan growth and improved asset quality. 8 bps decline in NIM at 2.1% was as in line with management guidance. We expect NIM to improve in H2FY13 due to lower cost of funds, repricing of teaser loan products, and calibrated increase in share of developer loans. Q2 PAT at Rs 2.4 bn was marginally lower than our estimate of Rs 2.5 bn.
As well as providing bespoke large mortgage advice, an intermediary can also deal with the paperwork involved in the process. If you want to take the hassle out of applying for a mortgage, you should certainly consider speaking to a broker.
ReplyDeleteexclusive mortgage leads