We retain Hold on CUBK with TP at Rs150 (valued at 2x FY19E ABV). Q2'18 results beat our estimates on all fronts strong NII / further expansion in NIM / healthy PPOP and respectable profits. The trend in slippages seems to be stabilising; overall stressed asset portfolio (GNPA + restructuring) at 3.1% of loans, remains lower amongst peer set banks. We continue to like CUBK for its growth strategy, capital position and...