COMB,SAMP & GREG INTERIMS 30/09/2014

RPPA · 1 COMB,SAMP & GREG INTERIMS 30/09/2014 Fri Nov 14, 2014 6:25 pm

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GREG

http://www.cse.lk/cmt/upload_report_file/782_1415968327001.pdf

COMB

http://www.cse.lk/cmt/upload_report_file/369_1415965706965.pdf

SAMP

http://www.cse.lk/cmt/upload_report_file/431_1415935922127.pdf

All have done well. I got before others. Very Happy

Market R · 2 Re: COMB,SAMP & GREG INTERIMS 30/09/2014 Fri Nov 14, 2014 6:39 pm

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Thanks

RPPA · 3 Re: COMB,SAMP & GREG INTERIMS 30/09/2014 Fri Nov 14, 2014 6:52 pm

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CSE guys why delay in updating the financials on the corporate disclosure.
There are lot to put out. Very Happy

We have released here, Very Happy

worthiness · 4 Re: COMB,SAMP & GREG INTERIMS 30/09/2014 Fri Nov 14, 2014 7:31 pm

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SAMP has shown superb results for the 9 months ended. Low collective impairment charges comparing to previous period have shot up the net operating income. Reaction from investors in next week would show how SAMP performance is analysed.

samcader · 5 Re: COMB,SAMP & GREG INTERIMS 30/09/2014 Fri Nov 14, 2014 8:28 pm

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Results of Sampath Bank for the 9 month period ended 30th Sept 2014 are very impressive.
Profit for 9 months of 2014 Rs 3.713 Bn
Profit for 9 months of 2013 Rs 2.382 Bn
Change 55.9%

ONTHEMONEY · 6 Re: COMB,SAMP & GREG INTERIMS 30/09/2014 Fri Nov 14, 2014 10:02 pm

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SAMP is the most undervalued share in current context.

NAV - Rs 181/-
EPS - Rs 22/-

High growth opportunities in the loan book having high level of liquidity in deposits exceeding Rs 60Bn excess funds. With potential growth in country I think company has high opportunities in coming months. Share should worth over Rs 300/-

Mean time HNB(EPS - Rs 14.22) & COMB(EPS - 9.14) have impressive results. But I think HNB has a potential to grow in loan book while COMB has to grow its deposits. Counters are correctly priced.

Top competing banks have significant growth in recent past.

indi009 · 7 Re: COMB,SAMP & GREG INTERIMS 30/09/2014 Fri Nov 14, 2014 10:10 pm

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yes SAMP has done well. i hope VONE will move further on monday Very Happy

RPPA · 8 Re: COMB,SAMP & GREG INTERIMS 30/09/2014 Sat Nov 15, 2014 12:12 am

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ONTHEMONEY wrote:SAMP is the most undervalued share in current context.

NAV - Rs 181/-
EPS - Rs 22/-

High growth opportunities in the loan book having high level of liquidity in deposits exceeding Rs 60Bn excess funds. With potential growth in country I think company has high opportunities in coming months. Share should worth over Rs 300/-

Mean time HNB(EPS - Rs 14.22) & COMB(EPS - 9.14) have impressive results. But I think HNB has a potential to grow in loan book while COMB has to grow its deposits. Counters are correctly priced.

Top competing banks have significant growth in recent past.

Yes. SAMP is great stock. As always most undervalued Bank in CSE.

The all time high after splits is 300/-. I feel SAMP will break that hurdle this time.

VALUEPICK · 9 Re: COMB,SAMP & GREG INTERIMS 30/09/2014 Sat Nov 15, 2014 12:33 pm

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http://www.cse.lk/cmt/upload_report_file/371_1415784964092.pdf

DFCC also has done well.

ONTHEMONEY · 10 Re: COMB,SAMP & GREG INTERIMS 30/09/2014 Sun Nov 16, 2014 9:01 pm

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Yes. DFCC has done well.But noticeably DFCC net interest income has decreased substantially and with other investment/trading income they have performed well.

Also I have noticed a different balance sheet with Rs 30bn reserves to fund loans.

However as investors we have to invest shares with high growth potential and undervalued in current valuations. Considering the performance of major banks HNB and SAMP has a high potential to showcase strong performance in future. Specially SAMP with high level of liquidity in BS. Further newly formed strategic management unit is in business to growth its Super branch concept which has revolutionized the branch banking in industry. However HNB is correctly priced for their earnings.

Further SAMP has reduced its exposure in pawning from 23% to 13% which extended only for short term lending to minimize the risk in gold price changes. They have fully absorbed the losses of lending in gold as at date.

Mean time COMB with 2 times asset portfolio of SAMP has to grow its deposit base or should come up with debenture to fund its capital base and to grow loans. Further COMB is trading over 14 times - PE.

Hence considering improvement in NAV and EPS annualized (Rs 29.3) SAMP is undervalued(PE - 8.2 times). Further with above facts the bank is on safe hands and right direction to grow its asset base to show impressive results in future compared to other major banks.

Most importantly SAMP gave ESOP and most of them are sold at current prices. Hence counter remains around Rs 240/- and we have chance to collect at bargain price.

I am analyzing the potential of UBC and SEYB in medium scale banks. Will post valuable information soon medium scale investments in banking sector.

Happy Investments.