We maintain BUY on ASBL with an increased TP of Rs 262/sh. ASBL achieved life high quarterly revenue with Construction/Sale of goods/BOT revenues at Rs 10.2/0.4/0.1bn (+66/+7/-10% YoY). ASBL, as a matter of prudence, recorded an exceptional provision of Rs 0.4bn against dues from GVR worth Rs 0.6bn).