FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

SAMPATH BANK - Softlogic Stockbrokers (Pvt) Ltd

3 posters

Go down  Message [Page 1 of 1]

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

SAMPATH BANK

Deposit base grew by 3.8% QoQ in 1Q14. Despite lower deposit rates,
customer deposits continued to flow where it grew by 3.8% QoQ to
LKR311.8 bn. Further bank also managed to improve its CASA mix to c.
35.0% (cf. 33.7% in 4Q13) which helped to bring down the funding costs.
Further given the subdued loan growth SAMP remains well liquid with a
liquid asset ratio of 29.1% (regulatory limit 20%).

Forecast 2014E net profit up 32.5% to LKR4,818.0 mn. Given the current
gold prices of USD1,290/Oz we do not expect any major impairment in the
pawning portfolio in 2014E and also expect the bank to clear c. 80.0% of its
pawning bad loan portfolio by 3Q14. Further given the low interest rate
environment we believe credit demand would pick up from 2H2014 onwards
and SAMP would be able to grow its loan book by c.15.0% YoY in the
medium term. Further we project bank’s NIMs to be intact around 4.0%,
improving cost to income, improving CASA mix and wider coverage would
further strengthen the core business. Hence SAMP’S outlook is positive.
Therefore we project 2014E net earnings to grow by 32.5% YoY to
LKR4,818.0 mn and 2015E net profits to increase by 17.5% YoY to
LKR5,663.0 mn.
Share offers good value on 6.7X forecast 2014E net profit. The voting
share offers good value trading on 6.7X forecast 2014E net profit and 5.7X
forecast 2015E net profit whilst trading on 0.9X PBV. Maintain BUY.


Softlogic Stockbrokers (Pvt) Ltd

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Expected growth of net earnings of SAMP for the financial year 2014 is very attractive. I believe investors chase after this counter even 15%-20% minus of forecast, giving more weight the nearest quarter performance. Stable or higher gold market conditions, due to rebellious state of discontent in middle east region, dip the gold loan deficiency substantially that pushes the bottom line higher in banking sector.



Last edited by worthiness on Thu Jun 26, 2014 3:56 pm; edited 1 time in total (Reason for editing : typo)

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics

I think about SAMP and COMB .. With the low interest rates there profit must be go up.. Wait and see the next financial statement

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

All major banks lead the market in the future with high positive results, several may be marginally slow down yoy basis but insignificant. Economic indicators published so far in the year are impressive though controversial as implied by some economists. If such positive trend continues, increasing activities in the banking sector may produce challenging road map for the next half.

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Very Happy Very Happy alien Very Happy Very Happy 

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Laughing Laughing Laughing 

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

The new credit guarantee scheme for pawning advances was introduced by Central Bank of Sri Lanka on June 17, 2014. Licensed Commercial Banks and Licensed Specialised Banks engaged in pawning activities can now provide enhanced level of credit to their customers by joining this newly introduced credit guarantee scheme.
This credit guarantee scheme will support farmers, small business owners and small and medium entrepreneurs who use pawning advances for their economic and business activities. New scheme permits the borrowers to receive additional 15% of the current level of Loan to Value Ratio provided by the Banks. A cap on the rate of interest applicable to pawning advances has also been imposed to provide further relief to the borrowers. Credit obtained through pawning has significantly declined due to drop in the gold prices in the international market in the recent past. Hence, through this scheme, it is expected to support the banks to increase their Loan to Value Ratio.
Under this scheme, borrowers are eligible to obtain pawning advances up to Rs. 500,000 at a Regional Development Department with an interest rate of 15% per annum which includes all fees and charges. The enhanced level of credit ensured by this scheme, will help borrowers of pawning advances to meet their financial requirements comfortably particularly in the agricultural and business activities.
Several banks have already signed the agreements with the Central Bank of Sri Lanka. The scheme is implemented and monitored by the Regional Development Department of the Central Bank of Sri Lanka and it is expected that the present level of credit under pawning would increase significantly due to the scheme. 
Under this scheme, borrowers are eligible to obtain pawning advances up to Rs. 500,000 at a Regional Development Department with an interest rate of 15% per annum which includes all fees and charges. The enhanced level of credit ensured by this scheme, will help borrowers of pawning advances to meet their financial requirements comfortably particularly in the agricultural and business activities.
Several banks have already signed the agreements with the Central Bank of Sri Lanka. The scheme is implemented and monitored by the Regional Development Department of the Central Bank of Sri Lanka and it is expected that the present level of credit under pawning would increase significantly due to the scheme. 
- See more at: http://www.dailynews.lk/?q=business/new-credit-guarantee-scheme-pawning-advances#sthash.xBdurgyi.dpuf

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum