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

» TIME TO CALL SLT ?
by sureshot Today at 7:42 am

» Construction Sector Boom with Purchasing manager's indices
by rukshan1234 Yesterday at 11:24 pm

» Asha Securities and Asia Securities Target AEL (Access Enginnering PLC )
by Anushka Perz Wed Apr 17, 2024 10:30 pm

» Sri Lanka: China EXIM Bank Debt Moratorium to End in April 2024
by DeepFreakingValue Tue Apr 16, 2024 11:22 pm

» Uncertainty over impending elections could risk Lanka’s economic recovery: ADB
by God Father Tue Apr 16, 2024 2:47 pm

» Sri Lanka's Debt Restructuring Hits Roadblock with Bondholders
by God Father Tue Apr 16, 2024 2:42 pm

» BROWN'S INVESTMENTS SHOULD CONSIDER BUYING BITCOIN
by ADVENTUS Mon Apr 15, 2024 12:48 pm

» Bank run leading the way in 2024
by bkasun Sun Apr 14, 2024 3:21 pm

» ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????
by blindhog Thu Apr 11, 2024 10:44 am

» ASPI: Undoing GR/Covid19!
by DeepFreakingValue Thu Apr 11, 2024 10:25 am

» Learn CSE Rules and Regulations with the help of AI Assistant
by ChatGPT Tue Apr 09, 2024 7:47 am

» Top AI tools in Sri Lanka
by ChatGPT Tue Apr 09, 2024 7:21 am

» HDFC- Best ever profit reported in 2023
by ApolloCSE Mon Apr 08, 2024 12:43 pm

» WAPO 200% UP
by LAMDA Sun Apr 07, 2024 10:41 pm

» KEGALLE PLANTATIONS PLC (KGAL.N0000)
by DeepFreakingValue Fri Apr 05, 2024 2:04 pm

» ARPICO INSURANCE PLC - Reports LKR 625mn loss for the FY2023
by DeepFreakingValue Fri Apr 05, 2024 12:58 pm

» EXTERMINATORS PLC (EXT.N0000)
by ErangaDS Fri Apr 05, 2024 10:59 am

» ALLIANCE FINANCE COMPANY PLC (ALLI.N0000)
by SL-INVESTOR Fri Apr 05, 2024 8:29 am

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Anushka Perz Thu Apr 04, 2024 9:50 pm

» PINS (People's Insurance) will be another UAL
by sakuni Thu Apr 04, 2024 8:22 pm

» A New Record Price for One Tonne of Cocoa on the International Market
by ResearchMan Thu Apr 04, 2024 2:03 pm

» Access Engineering awarded two more contract packages at Colombo Port
by samansilva Thu Apr 04, 2024 12:05 pm

» FMCG Sector LMF, MEL and DIST
by buwr Thu Apr 04, 2024 9:35 am

» CEYLON GUARDIAN INVESTMENT TRUST PLC (GUAR)
by soileconomy Thu Apr 04, 2024 3:00 am

» RWSL - WATCH
by sureshot Wed Apr 03, 2024 8:39 am

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

Banking Sector Rally

+6
SHARK aka TAH
worthiness
stevenapple
NZ BOY
dhanurrox
WildBear
10 posters

Go down  Message [Page 1 of 1]

1Banking Sector Rally Empty Banking Sector Rally Mon Jun 30, 2014 6:01 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

It seems a real bull run started and Blue Chips including leading Banking stocks started their journey in grand style.
Banking sector leader COMB now trading 2 times it's book value,it seems there is more room to appreciate up to 2.5-3.0 P/BV.
However it's closest peers, HNB,SAMP are still trading below the NAV, I think when compared to COMB, both HNB and SAMP are massively undervalued. to match the COMB -P/BV ratio , both have a room to double it's current market price.
Next in line are SEYB and NTB the story is more or less similar.
Bank interest rates are at historic low now, I feel a rapid appreciation of Banking and finance stocks is imminent like in 2009-2010.

2Banking Sector Rally Empty Re: Banking Sector Rally Mon Jun 30, 2014 6:06 pm

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics

Next rate cut may trigger the run.All set.

3Banking Sector Rally Empty Re: Banking Sector Rally Mon Jun 30, 2014 6:47 pm

NZ BOY

NZ BOY
Moderator
Moderator

dhanurrox wrote:Next rate cut may trigger the run.All set.

yep  Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy 

4Banking Sector Rally Empty Re: Banking Sector Rally Mon Jun 30, 2014 7:03 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

WildBear wrote:It seems a real bull run started and Blue Chips including leading Banking stocks started their journey in grand style.
Banking sector leader COMB now trading 2 times it's book value,it seems there is more room to appreciate up to 2.5-3.0 P/BV.
However it's closest peers, HNB,SAMP are still trading below the NAV, I think when compared to COMB, both HNB and SAMP are massively undervalued. to match the COMB -P/BV ratio , both have a room to double it's current market price.
Next in line are SEYB and NTB the story is more or less similar.
Bank interest rates are at historic low now, I feel a rapid appreciation of Banking and finance stocks is imminent like in 2009-2010.




HNB hovering around 155/= for months.

5Banking Sector Rally Empty Re: Banking Sector Rally Mon Jun 30, 2014 8:23 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Keep an eye on both HNB and SAMP, today SAMP showed some powerful rally with good volumes, it broke the important 200 barrier. It was hovering around 190 for month or two. We ll see how the market respond to the developing trend.

6Banking Sector Rally Empty Re: Banking Sector Rally Mon Jun 30, 2014 9:24 pm

worthiness


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

By mid of August, with 2nd quarter results to be published, there will be a unexpected boom in banking sector. Just make a note & see.

7Banking Sector Rally Empty Re: Banking Sector Rally Mon Jun 30, 2014 9:36 pm

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics

worthiness wrote:By mid of August, with 2nd quarter results to be published, there will be a  unexpected boom in banking sector. Just make a note & see.
Without gold trouble and with low interest rates,results will be good.

8Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 10:39 am

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics

HNB will break free soon.

9Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 10:42 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

The only GEM as of now is HNB.
Price upward stands at 30% within 1 year.

10Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 3:35 pm

lakmal87


Manager - Equity Analytics
Manager - Equity Analytics

NDB also good long term..

11Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 5:20 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

SHARK wrote:The only GEM as of now is HNB.
Price upward stands at 30% within 1 year.

cheers

12Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 5:54 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Most leading banks are breaking their 52 week price barriers and forming new 52 week high prices. It seems they set for new all time highs now

13Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 6:50 pm

shadow walker

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

COMB and SAMP going up day by day

14Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 8:13 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Follow NTB as well, it has also reached 52 week high. Still undervalued counter, good to look at next coupe of quarterly reports in low interest regime.

15Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 9:09 pm

dilruk raja


Manager - Equity Analytics
Manager - Equity Analytics

all bank are going but pabc still down every day what is the reasion?

16Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 11:09 pm

shadow walker

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

Dilruk

DFCC also going down

17Banking Sector Rally Empty Re: Banking Sector Rally Tue Jul 01, 2014 11:12 pm

shadow walker

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

Will COMB reach to 150 in this month...

18Banking Sector Rally Empty Re: Banking Sector Rally Wed Jul 02, 2014 12:26 pm

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics

dhanurrox wrote:HNB will break free soon.
Slowly but surely.

19Banking Sector Rally Empty Re: Banking Sector Rally Wed Jul 02, 2014 12:30 pm

Harry82

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

Samp

20Banking Sector Rally Empty Re: Banking Sector Rally Sat Jul 05, 2014 9:12 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

If COMB trades at 150, SAMP should trade at 400 and HNB at 320 according to current earnings. considering fair value of 2 times their book value. They will more and more undervalued with next few financial reports.I feel we are going to see a somewhat similar uptrend in banking stocks like we saw in 2009-10. Watch some of the foreign funds perceived the situation in 2009

https://www.youtube.com/watch?v=p7pJFVO-aeE

21Banking Sector Rally Empty Re: Banking Sector Rally Mon Jul 07, 2014 5:49 am

Harry82

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

then we can buy 


SAMP, HNB

Sponsored content



Back to top  Message [Page 1 of 1]

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