Sector - Banks, Finance & Insurance

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Re: Sector - Banks, Finance & Insurance

Postby SHARK » Wed Oct 18, 2017 9:41 pm

Quarterly results are updated as of 30.06.2017.

Will update Sep quarterly report ...once all reports are out.
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Re: Sector - Banks, Finance & Insurance

Postby StockFlashSL » Thu Oct 19, 2017 7:25 am

Thanks shark for the information.

VFIN results has given a good start for the B&F results.

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Re: Sector - Banks, Finance & Insurance

Postby SHARK » Thu Oct 19, 2017 9:31 am

we should analyse stocks in that table to identify which companies will see price adjustments to their true values.

VFIN - sees aggressive growth through borrowing, and thus far able to maintain higher ROE and EPS growth. and also able to increase dividends to 3rs from last year 2.5, a good company will do that be sure on that. if they can maintain the earnings.. we wil be able to see an interim and final announcements coming up soon. the premise is that paying a hefty dividend at once makes no sense. so i assume 2+2 or slightly above going forward to come in the future for vfin holders. so keep an eye on the debt % to equity, when it starts coming down VFIN might see an immediate price adjustment to the upper-side. the rationale could be to go for aggressive growth and stabilise and then manage your debts. year on year vfin has been able to deliver higher growths a definite plus point to this philosophy thus far.

CDB - another highly undervalued counter, should see price adjustment. npl ratio has come down from 3.6 to 3.1 yoy. branches spread across around 69 locations. interest rate increase has dented its journey seeing net earnings stabilising in the the same level. CDB would be a longterm hold. if we compare some of the companies in the table given above, CDB relatively looks cheaper. any longterm investor should start looking at CDB now onwards.
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Re: Sector - Banks, Finance & Insurance

Postby prasa2004 » Thu Oct 26, 2017 2:05 pm

Sri Lanka banks given three years to boost capital (http://www.economynext.com/Sri_Lanka_ba ... 18-17.html)

Good news for PABC-UB-NTB and to some extent SEYB

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Re: Sector - Banks, Finance & Insurance

Postby Asitha123 » Thu Oct 26, 2017 9:45 pm

:-@ Not a Good news for PABC..
Only 10Bn as at today..How can they add 10bn in next 3 years.
Possible merger.
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Re: Sector - Banks, Finance & Insurance

Postby stocks hunter » Thu Oct 26, 2017 9:59 pm

Image

Image credit - SHARK

Compare ALLI performances with others in the sector. Really under valued & expecting a good results for SEP Q17.

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Re: Sector - Banks, Finance & Insurance

Postby PAT » Thu Oct 26, 2017 11:54 pm

stocks hunter wrote:Image

Image credit - SHARK

Compare ALLI performances with others in the sector. Really under valued & expecting a good results for SEP Q17.


Thanks SH

VFIN vs ALLI ...... ~x(
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Re: Sector - Banks, Finance & Insurance

Postby SHARK » Fri Oct 27, 2017 12:18 am

Shouldn't we look at from where the next spurt of growth comes for these companies.....

CDB attractive as well ....
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Re: Sector - Banks, Finance & Insurance

Postby Asitha123 » Fri Oct 27, 2017 5:52 am

Wait for ALLI and CDB resluts before comparing with VFIN.
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Re: Sector - Banks, Finance & Insurance

Postby stocks hunter » Fri Oct 27, 2017 7:10 am

PAT wrote:
stocks hunter wrote:Image

Image credit - SHARK

Compare ALLI performances with others in the sector. Really under valued & expecting a good results for SEP Q17.


Thanks SH

VFIN vs ALLI ...... ~x(


VFIN Vs ALLI

Dividends.... Always ALLI paid higher dividends than VFIN in the history.This will continue in future as well.

ALLI paid Rs5.90 dividends for FY 16/17 & VFIN paid Rs3.0 FY 16/17

B-) B-)

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Re: Sector - Banks, Finance & Insurance

Postby Asitha123 » Fri Oct 27, 2017 8:42 am

stocks hunter wrote:
PAT wrote:
stocks hunter wrote:Image

Image credit - SHARK

Compare ALLI performances with others in the sector. Really under valued & expecting a good results for SEP Q17.


Thanks SH

VFIN vs ALLI ...... ~x(


VFIN Vs ALLI

Dividends.... Always ALLI paid higher dividends than VFIN in the history.This will continue in future as well.

ALLI paid Rs5.90 dividends for FY 16/17 & VFIN paid Rs3.0 FY 16/17

B-) B-)


Good..Go ahead
:-j
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Re: Sector - Banks, Finance & Insurance

Postby Cseinvester » Fri Oct 27, 2017 8:56 am

Asitha now not talking about CFVF....may be now he is sell his CFVF... :D

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Re: Sector - Banks, Finance & Insurance

Postby matrix » Fri Oct 27, 2017 9:00 am

Cseinvester wrote:Asitha now not talking about CFVF....may be now he is sell his CFVF... :D

looks like you have bought cfvf after seeing asitha's posts.. :))
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Re: Sector - Banks, Finance & Insurance

Postby Cseinvester » Fri Oct 27, 2017 9:46 am

:D Yes mchn but my average 33..

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Re: Sector - Banks, Finance & Insurance

Postby Asitha123 » Fri Oct 27, 2017 11:25 am

Cseinvester wrote::D Yes mchn but my average 33..


So you are in profit.
Good Good. :ymhug:
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Re: Sector - Banks, Finance & Insurance

Postby Asitha123 » Fri Oct 27, 2017 11:30 am

Cseinvester wrote:Asitha now not talking about CFVF....may be now he is sell his CFVF... :D


Still have some amount of CFVF, Waiting for results and Dividend.
But moved to Tea.
Bought 25K from TPL at a Avg price of 54.00.
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Re: Sector - Banks, Finance & Insurance

Postby SHARK » Fri Oct 27, 2017 7:35 pm

The smart identification card (Smart ID) was launched to the public today by the Department of Registration of Persons (DRP), Department Commissioner General Viyani Gunathilaka said.

To symbolize the Inauguration of the Smart ID, the first printed Smart ID was handed over to Wayamba Development and Cultural Affairs Minister S. B. Nawinne and fifteen other applicants who applied today at the ceremony.

Speaking at the event Mr. Gunathilaka said all National Identity cards would be renewed with front-facing images prior to converting them to Electronic Identity (E-ID) Cards.

He said the Smart ID programme was a huge challenge for the department however achieved the goal with many difficulties.

“The manual process was initiated in 1972 and the entire process changed to an automated form from Thursday evenin after receiving all the relevant electronic equipment. By initiating this process, the government plans to re-register all citizens and create a National Persons’ Registry (NPR). In our country, we never had a database such as NPR. We have already made the legal background for this and within a short period of time we will begin the collection of information for the NPR database,” Mr. Gunathilaka said.

The database will include information such as the blood group, family details and other personal information will be included in the registry, which could only be viewed by high ranking officials in the Department and law enforcement authorities under special circumstances.

The Commissioner went on to say that all details mentioned in the existing ID will be available in the new ID in all three languages, in addition to biometric data such as finger prints as well as a personalize bar code.

This Smart ID will be issued only for new applicants and renewals and is not compulsory for all citizens to obtain the Smart ID immediately.

“The existing identity card is valid. After the completion of the NPR, new ID’s will be mailed to those who are already registered in the system. This process will atleast take a year to be implemented,” he said.

The department is looking forward to decentralizing the system to ease the issuance of the ID and several Divisional Secretaries had already been given the facility.

The photos in Smart IDs issued from October, 27 will be engraved on a special polycarbonate plastic with the use of laser technology.

“This Smart ID is an interim solution before issuing the Electronic Identity (E-ID), which does not have an expiry date, unlike the EID which expires every ten years. The expiry date will be printed on the E-ID after completing the NPR and the IDs of those between the ages of 15 and 40 should be renewed every ten years. School children in grade 10 who are 15 years of their age can apply for the NIC before sitting for the General Certificate of Education (GCE) O/L. The ID’s of those over the age of 40 will need no change. The ID’s will be made according to international standards and will use a special software provided by the International Civil Aviation Organisation (ICAO). So far, the department has registered close to 1,700 studios countrywide. These studios have already installed the software provided by the ICAO, and the photos will be sent to the department online. The DRP has decided to launch a new registry for Sri Lankans by the end of next year. After collecting data, the department will issue Electronic Identity (E-ID) Cards by the end of 2018 or beginning of 2019,” Mr. Gunathilaka said. (Chaturanga Pradeep)
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Re: Sector - Banks, Finance & Insurance

Postby SHARK » Fri Oct 27, 2017 7:37 pm

Be ready guys in the near future everything will be digital.

banking sector will have its biggest leap in few years time.
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Re: Sector - Banks, Finance & Insurance

Postby SHARK » Fri Oct 27, 2017 7:39 pm

the smart id will be converted to electronic id which will come with a chip.

so nobody can dodge taxes :D
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Re: Sector - Banks, Finance & Insurance

Postby stocks hunter » Sun Oct 29, 2017 8:03 am

Growth & developments in the banking sector is key for the sustainable growth of the CSE & the country.
Banks making profits means that they have well served to their clients with their banking products for the economic growth of the borrowers & ultimately for the country.

We have two very large scale private banks & others are following them at a distance for the moment.

These profits figures are as at 30/06/17 & will wait for SEP Q17 results to see any variance in performances by these companies.

Already SEYB & UBC reported their performances as at Sep & observed overall growth in the bottom line.
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Re: Sector - Banks, Finance & Insurance

Postby SHARK » Wed Nov 01, 2017 12:39 pm

viewtopic.php?p=59604#p59604

VFIN CFIn ALLI and CDB Thumbs given in TEC :D
Check the Highlight Column under Discount to Market :)
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Re: Sector - Banks, Finance & Insurance

Postby prasa2004 » Mon Nov 13, 2017 6:59 am

Banks face Rs. 20 b profit impact unless debt repayment levy passed on to customers

“However, if the banks truly absorb this cost without passing it on to the customers, it will bring the profitability of the banking sector collectively down by Rs. 20 billion at a time they are required to implement Basel III capital rules by early 2019 and increase minimum core capital from the current Rs.10 billion to Rs.20 billion by 31 December 2020,” said Colombo Stock Brokers Association President Ravi Abeysuriya.

http://www.ft.lk/front-page/Banks-face- ... /44-643265

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Re: Sector - Banks, Finance & Insurance

Postby Blue Whale » Sat Dec 02, 2017 3:19 pm

The sector push was curtailed too early after budget. But if you really analyse it the budget proposals dosen't have significant proposals to dent the sector progress. In fact the cost of them can be transfered to end customers in the form of transaction costs.
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Re: Sector - Banks, Finance & Insurance

Postby prasa2004 » Fri Dec 22, 2017 3:06 pm

Conducive environment for banking sector --> http://www.ft.lk/special-report/Financi ... /22-645728

Key takes
> expect profitability to improve into CY20E on the back of improving income and increasing focus by industry players on driving branch efficiencies.”
> investor looking to play the sector should move into counters which are exposed to SMEs with a strong franchise, have a solid growing fee income base and strong capital levels.
> State banks remained woefully under-capitalised, driving the expectation of a shift in market share towards the private banks.
> favourable environment for leasing growth to continue its historical momentum. We expect the diversification strategies taken by most companies to fuel loan growth which we expect to lead net advances to grow at a CAGR of 23.5% from CY17E to CY20E,
>IFRS 9 implementation which will drive an uptick in credit costs.
> Sampath and SANASA to shine

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Re: Sector - Banks, Finance & Insurance

Postby PAT » Fri Dec 22, 2017 3:29 pm

Thanks prasa
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