SAMP Earnings Update - Upgrade to BUY - 04 05 18 - First Capital Research

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CSE-SAS
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SAMP Earnings Update - Upgrade to BUY - 04 05 18 - First Capital Research

Postby CSE-SAS » Tue May 22, 2018 2:17 pm

SAMPATH BANK PLC [SAMP.N0000]
UPGRADING TO BUY

RISING AGAINST ODDS

Fair Value [2018E]: LKR 350.0 [+28%]
Buy Below: LKR 321.4

https://www.firstcapital.lk/wp-content/ ... -05-18.pdf

SAMP’s earnings grew by 41% in the quarter to LKR 3.4Bn up by LKR 980Mn supported by high lending portfolio growth and improving C/I ratio negating the impact of IFRS 9. We upgrade the earnings outlook by +4% to LKR 14.4Bn. SAMP fair value upgraded to LKR 350.0 from LKR 320.0 for 2018E, providing an annualized return of 28%. UPGRADE TO BUY


PAT
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Re: SAMP Earnings Update - Upgrade to BUY - 04 05 18 - First Capital Research

Postby PAT » Tue May 22, 2018 6:55 pm

Thanks SAS
Live Today........
Without compromising your ability to Live Tomorrow……… :)


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