Your opinion on Banking sector

rmark · 1 Your opinion on Banking sector Fri Sep 16, 2011 7:37 pm

rmark

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What is your opinion on Banking sector? My opinion is this the right time to invest.

early · 2 Re: Your opinion on Banking sector Fri Sep 16, 2011 7:51 pm

early

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Agree with you. Share prices havent appreciated compared to performance. In addition to the other banking sector shares, I am particularly bullish on Commercial Bank as it is trading at a PER (Price to Earnings Ratio) of around 12/-.

bePositive · 3 Re: Your opinion on Banking sector Fri Sep 16, 2011 8:07 pm

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don't forget NTB and NDB.

early · 4 Re: Your opinion on Banking sector Fri Sep 16, 2011 8:20 pm

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bePositive wrote:don't forget NTB and NDB.

Ofcourse. I only mentioned COMB as an example. All Banking Sector shares should do very well in the comming months.

trader911 · 5 Re: Your opinion on Banking sector Fri Sep 16, 2011 8:26 pm

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traded qty as at 9/16/2011 % increase

seyb x 4,153,800, 3.43%
ntb 15,200 , 0%
comb x 146,400 , 0%

think its fairly obvious with the government institution backing which is more attractive, started to gain momentum based on the trend shown in past few weeks.others may follow if this starts to run.[b]

echo28 · 6 Re: Your opinion on Banking sector Fri Sep 16, 2011 8:33 pm

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Many are backing COMB but still its movement has not gone up. I with stood the rights due to the 1 for 14. With the split the price is very liquid so it should go but it cannot break the mark of 118 which is = to 236 before the split. This share should reach at least 140 that is 280 range but it has not.

They expect sampath to do better.

But whats the experts view

early · 7 Re: Your opinion on Banking sector Fri Sep 16, 2011 8:43 pm

early

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echo28 wrote:Many are backing COMB but still its movement has not gone up. I with stood the rights due to the 1 for 14. With the split the price is very liquid so it should go but it cannot break the mark of 118 which is = to 236 before the split. This share should reach at least 140 that is 280 range but it has not.

They expect sampath to do better.

But whats the experts view

COMB can easily break 118 and even go much beyond with the release of its quaterly results or even before that. I also feel if the market conditions are right, it could even touch 140/- in the not too distant future.

kotasa · 8 Re: Your opinion on Banking sector Fri Sep 16, 2011 8:53 pm

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To me SEYB X is the most attractive Banking share. Just check and see it's net asset value per share.

windi5 · 9 Re: Your opinion on Banking sector Fri Sep 16, 2011 9:14 pm

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Banks are doing well in this conducive environment created by last years budget. In every quarter with improved results,future seems to be very bright for all the banks.All banking shares are very attractive with their future prospectus. there is a huge untapped mkt in the North and East, with the normalcy returns to those areas, ppl tend to deal with banks more and more.

Thushara Ayya · 10 Re: Your opinion on Banking sector Fri Sep 16, 2011 10:10 pm

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Pl tell me how to post a new post....

sriranga · 11 Re: Your opinion on Banking sector Fri Sep 16, 2011 10:14 pm

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Share price on 16/09 FWD PER ]u] Cash Per Share[/u] DPS (Last FY) NAV PBV

COMB 117.10 11.84 9.51 5.00 50.65 2.31
DFCC 135.00 13.10 22.39 10.00 88.95 1.52
HNB 200.20 15.46 30.63 7.00 96.20 2.08
NDB 136.90 11.22 40.32 8.50 93.58 1.46
NTB 62.80 9.84 18.40 2.00 33.88 1.85
SAMP 228.60 8.45 55.01 6.25 119.80 1.91
PABC 26.50 9.63 9.78 0.00 10.81 2.45
SEYB 65.20 (200.89) 36.38 1.00 49.94 1.31
UBC 23.10 30.39 11.96 0.00 14.36 1.61
HDFC 1798.20 30.49 295.60 5.00 303.13 5.93

According to CSE sector PE=15.3
Now we can compare with the PBV & FWD PER, which share will perform in near future.
Have a good trade.

Last edited by sriranga on Fri Sep 16, 2011 10:32 pm; edited 2 times in total

buwr · 12 Re: Your opinion on Banking sector Fri Sep 16, 2011 10:26 pm

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bePositive wrote:don't forget NTB and NDB.

THE MOST UNDERVALUED IS NTB......BRILLIANT PERFORMANCE FROM LEASING & FACTORING....

Aamiable · 13 Re: Your opinion on Banking sector Fri Sep 16, 2011 11:01 pm

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NTB COMB and SAMP seem to be good choices. ...NDB and DFCC as well....

Carolis · 14 Re: Your opinion on Banking sector Sat Sep 17, 2011 12:29 am

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Why SAMP is going down everyday. What's wrong with its fundamentals? Please let me know. Thanks

Sstar · 15 Re: Your opinion on Banking sector Sat Jul 19, 2014 10:12 pm

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Its nice to read some old opinions.

bandulawee · 16 Re: Your opinion on Banking sector Mon Jul 21, 2014 10:28 am

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With the Central Bank directive to lower lending rates the Banks could see reduced earnings. Also with credit contraction in the private sector the turnover growth also will be effected. Central Bank could also fix the lending rates like they did with deposits which could result in higher reductions in profits of big banks due to high overheads and personnel costs result in higher PER.