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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Can we all contribute in listing stocks for value investing?

Can we all contribute in listing stocks for value investing?

Go down  Message [Page 1 of 1]

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
can we all contribute in listing stocks for value investing?

TJL
SAMP

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
If you give the reason for the two counters which you selected, will be useful for us no?

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
TJL has had an excellent quarter, with an EPS of more than 0.5, it's trading with an attractive P/E value as well

SAMP too is trading with attractive p/e value.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
What is the appropriate P/E value, you can propose to us to invest in CSE?
1. Less than 5
2. Between5 and 10
3. Grater than 10

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Redbulls wrote:What is the appropriate P/E value, you can propose to us to invest in CSE?
1. Less than 5
2. Between5 and 10
3. Grater than 10

i would like to know your opinion on that

thanks.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
I usually target between 5 and 10, in some cases I do not mind go to more than 20+, if there is future on that particular counter.

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Redbulls wrote:I usually target between 5 and 10, in some cases I do not mind go to more than 20+, if there is future on that particular counter.

Isn't 20+ too much? what are the stocks u think is worth even if it 20+? (I'm unable to recall any stocks with over 20 P/E)

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@ccsentha wrote:
@Redbulls wrote:I usually target between 5 and 10, in some cases I do not mind go to more than 20+, if there is future on that particular counter.

Isn't 20+ too much? what are the stocks u think is worth even if it 20+? (I'm unable to recall any stocks with over 20 P/E)

Read between the lines. cheers

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
what are those stock which would make you go over 20+?

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Still you can find some valuable counters in CSE temporarilly affected by various reason with more than 20+ P/E.
Refer the following link
http://research.srilankaequity.com/t677-capital-trust-weekly-market-statistics-key-performance-indicators-22-02-2013

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Redbulls wrote:Still you can find some valuable counters in CSE temporarilly affected by various reason with more than 20+ P/E.
Refer the following link
http://research.srilankaequity.com/t677-capital-trust-weekly-market-statistics-key-performance-indicators-22-02-2013

wht are the stocks u ar referring to?

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Sometimes we cannot say whether a particular P/E is good or bad. Even 20+ PE would still make sense if the company is growing in revenue numbers at least YOY. It will be something worthwhile to look at then. But we should always keep in mind that we should not buy stocks that are going at a premium price now.
It may not make sense to buy a company going at premium to its value, its like its already valued for its future earnings. On the other-hand, buy a undervalued company and sell it when the stock price reached the peak values u target.

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Most of us are influenced by the past. SL is no more in hot seat. We can not expect it to grow at 8+%. Growth itself has comedown. lots of political muddling internationally ( whether you agree or not). Revival of growth into 8+% region is not a trivial task as Cabraal thinks. Moreover, possibly , our investment component of GDP will start decelerating - this might slightly grad GDP. inflation is yet out of control.Printing press is working hence currency is under another round of fresh depreciation. Foreigners will not forever by our treasuries. so, you have to keep in mind about more down to earth growth, but it will be yet attractive...

PE of the market has to be in line with the growth of economy, just like standalone PE is symbol of expectation about particular company's future growth and return on its reinvested profits. You can not think of 16+ PE for Colombo any longer.

Banks PE is not a good indicator. SL is hitting the bottom of its investment cycle. if you have observed would realized that both banks & investment companies have reported high increase in provision for last 4 quarters. this means that NPL is running high with deceleration of growth. More over, CBSL is also usually badly managed , putting lots of unnecessary strain on SL banks specially in bad times.

What is best for banks PBV while earning & its growth also should be loking at carefully. on PBV terms, only HNB NV is trading in sensible range.COMB usually trades above the market, but keep in mind its not the same COMB that we had usually. It's run by relatively immature board and GOSL influence also should be factored. Hence moderate premium should be justified. HNB after capital gains from share sale( if they dont payout entirely) trades at attractive PBV, but this is due to one off factors, still worth at current price. Possibly, its the only bank trades below its NPV ( after the sale).

Sampath has catch up with rest of other and you see the growth has stalled.

This is NOT recommendation, on this terms most attractive is NDB & HNB NV.

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@salt wrote:Most of us are influenced by the past. SL is no more in hot seat. We can not expect it to grow at 8+%. Growth itself has comedown. lots of political muddling internationally ( whether you agree or not). Revival of growth into 8+% region is not a trivial task as Cabraal thinks. Moreover, possibly , our investment component of GDP will start decelerating - this might slightly grad GDP. inflation is yet out of control.Printing press is working hence currency is under another round of fresh depreciation. Foreigners will not forever by our treasuries. so, you have to keep in mind about more down to earth growth, but it will be yet attractive...

PE of the market has to be in line with the growth of economy, just like standalone PE is symbol of expectation about particular company's future growth and return on its reinvested profits. You can not think of 16+ PE for Colombo any longer.

Banks PE is not a good indicator. SL is hitting the bottom of its investment cycle. if you have observed would realized that both banks & investment companies have reported high increase in provision for last 4 quarters. this means that NPL is running high with deceleration of growth. More over, CBSL is also usually badly managed , putting lots of unnecessary strain on SL banks specially in bad times.

What is best for banks PBV while earning & its growth also should be loking at carefully. on PBV terms, only HNB NV is trading in sensible range.COMB usually trades above the market, but keep in mind its not the same COMB that we had usually. It's run by relatively immature board and GOSL influence also should be factored. Hence moderate premium should be justified. HNB after capital gains from share sale( if they dont payout entirely) trades at attractive PBV, but this is due to one off factors, still worth at current price. Possibly, its the only bank trades below its NPV ( after the sale).

Sampath has catch up with rest of other and you see the growth has stalled.

This is NOT recommendation, on this terms most attractive is NDB & HNB NV.

didn't samp grow 48% ?? they got a yoy 48% increase ne, COMB 22%

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