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

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

COMB.X0000 and HNB.X0000 Vote_lcap11%COMB.X0000 and HNB.X0000 Vote_rcap 11% [ 21 ]
COMB.X0000 and HNB.X0000 Vote_lcap20%COMB.X0000 and HNB.X0000 Vote_rcap 20% [ 37 ]
COMB.X0000 and HNB.X0000 Vote_lcap29%COMB.X0000 and HNB.X0000 Vote_rcap 29% [ 53 ]
COMB.X0000 and HNB.X0000 Vote_lcap40%COMB.X0000 and HNB.X0000 Vote_rcap 40% [ 74 ]

Total Votes : 185

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» SGH buys EXPO from retailers
by samaritan Today at 12:13 pm

» Buy lofc tomorrow - Maharaja
by ADVENTUS Today at 11:47 am

» US inflation eased slightly in July
by ADVENTUS Today at 11:25 am

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Today at 11:19 am

» LOFC Future
by ADVENTUS Today at 11:17 am

» Pakistan stocks surge on IMF Staff level agreement - CSE is warming up for the big run
by samaritan Today at 11:16 am

» LOLC FINANCE PLC (LOFC.N0000)
by Anushka Perz Today at 10:24 am

» L G I L - Maharaja special
by Chula Yesterday at 8:13 pm

» HAYLEYS PLC (HAYL.N0000)
by cseboss Yesterday at 11:34 am

» NO FURTHER INCREASE IN TAXES-PRES. RANIL WICKRAMASINGHE
by ADVENTUS Tue Aug 09, 2022 3:48 pm

» AAIC 100 = SCAP 16
by Equity Win Tue Aug 09, 2022 2:11 pm

» CARGO BOAT DEVELOPMENT COMPANY PLC (CABO.N0000)
by Dasun Maduwantha Tue Aug 09, 2022 12:10 pm

» Nestle‚ declares highest ever dividend
by Shiranli Tue Aug 09, 2022 11:24 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Anushka Perz Tue Aug 09, 2022 11:15 am

» MULTI FINANCE PLC (MFL.N0000)
by Eleven Mon Aug 08, 2022 9:28 pm

» AGSTAR PLC (AGST.N0000)
by Thushara Ayya Mon Aug 08, 2022 4:18 pm

» LIOC ....Get in soon
by samaritan Mon Aug 08, 2022 11:49 am

» Sinopec likely to enter Lankan fuel market
by samaritan Mon Aug 08, 2022 9:41 am

» RW - Rescue Warrior of Sri Lanka's Economy
by reyaz Mon Aug 08, 2022 8:17 am

» Should Central bank increase Interest rates?
by reyaz Mon Aug 08, 2022 7:52 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » COMB.X0000 and HNB.X0000

COMB.X0000 and HNB.X0000

3 posters

Go down  Message [Page 1 of 1]

1COMB.X0000 and HNB.X0000 Empty COMB.X0000 and HNB.X0000 Mon Jul 07, 2014 7:14 pm

NilangaG


Manager - Equity Analytics
Manager - Equity Analytics

Is it worth buying COMB.X0000 at 108 and HNB.X0000 at 130?

2COMB.X0000 and HNB.X0000 Empty Re: COMB.X0000 and HNB.X0000 Mon Jul 07, 2014 7:45 pm

WildBear


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

COMB.X now trading at about 1.5 times it book value which could be a fair value for a non-voting share. HNB.X trading well below it's Book value (BV-around 150). To match the equation, if COMB.X trading at 110, HNB.X should trade above 250, and SAMP above 400.
For that formula SEYB.X is the most undervalued top tier banking stock.

I guess every one would agree that P/B ratoio of 2.0 is a fair value for a well managed leading bank, and above 2.5 looks overvalued. Currently among blue chip banks, Only COMB.N is trading above P/B ratio of 2.0.
I found HNB.N,SAMP,SEYB currently trading slightly below their BV which is very cheap. that's why banking sector rally is well deserved.
We should also keep in mind that during low interest regime their earning and asset base can go up steadily making them more and more undervalued in coming years.

3COMB.X0000 and HNB.X0000 Empty Re: COMB.X0000 and HNB.X0000 Mon Jul 07, 2014 11:29 pm

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@ - WildBear- you simply cant compare bank stocks in that manner.

Back to top  Message [Page 1 of 1]

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