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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Quick Screening of the overall impact of the interim budget 2015

Quick Screening of the overall impact of the interim budget 2015

Go down  Message [Page 1 of 1]

EquityChamp

EquityChamp
Moderator
Moderator
Positives Very Happy
This budget targets to reduce prices essential items. Together with the reduced prices of fuel and gasses and the likely reduction in electricity prices as said by Finance Minister will bring down the inflation further. This will positively affect the businesses in terms of low cost, low interest rates and favorable exchange rates

Negatives Rolling Eyes
The proposals to increase revenue will have an impact to some of the sectors but not all as below.
a) Banking & Finance - The largest hit can be expected since most of them earns more than 2bn profit so the super gain tax will reduce this years profit. On top of that the reduced interest rates on credit cards will reduce the margins from this business but there can be a huge volume increase.
Counters to look for bargain prices are COMB, HNB, NDB, DFCC, NTB, SAMP, CFIN, COCR, CINS, LFIN

b) Food and beverage - The super gain tax will hit the share prices of the following counters
CTC, NEST

c) Diversified - Super gain tax and casino fee impact
Counters for bargain will be JKH, HAYL, DIST, VONE, SPEN

d) Manufacturing - Super gain tax impact for the counters such as LLUB, TKYO, RCL

e) Power & Energy - Super gain tax impact on LIOC

f) Telecommunication - Super gain tax plus the charge on satellite TV business and the removal of tax on reloads
Both DIAL & SLTL to be impacted


These shares will come down but will recover earlier than expected since these are one off nature. So the opportunity exists to collect at lower prices.

Another important point is that when the overall market comes down due to the big players the small players with sound financials will also come down. You must not let go this opportunity as well. Because when the market recovers these are the once that will come back to their original prices in no time. Some of the counters to watch are SIRA, VPEL, GLAS, GREG, SFIN, VFIN, AAF, BIL, RICH.

This is my analysis and my advice to you. Happy trading.

NZ BOY

NZ BOY
Moderator
Moderator
@EquityChamp wrote:Positives Very Happy
This budget targets to reduce prices essential items. Together with the reduced prices of fuel and gasses and the likely reduction in electricity prices as said by Finance Minister will bring down the inflation further. This will positively affect the businesses in terms of low cost, low interest rates and favorable exchange rates

Negatives Rolling Eyes
The proposals to increase revenue will have an impact to some of the sectors but not all as below.
a) Banking & Finance - The largest hit can be expected since most of them earns more than 2bn profit so the super gain tax will reduce this years profit. On top of that the reduced interest rates on credit cards will reduce the margins from this business but there can be a huge volume increase.
Counters to look for bargain prices are COMB, HNB, NDB, DFCC, NTB, SAMP, CFIN, COCR, CINS, LFIN

b) Food and beverage - The super gain tax will hit the share prices of the following counters
CTC, NEST

c) Diversified - Super gain tax and casino fee impact
Counters for bargain will be JKH, HAYL, DIST, VONE, SPEN

d) Manufacturing - Super gain tax impact for the counters such as LLUB, TKYO, RCL

e) Power & Energy - Super gain tax impact on LIOC

f) Telecommunication - Super gain tax plus the charge on satellite TV business and the removal of tax on reloads
Both DIAL & SLTL to be impacted


These shares will come down but will recover earlier than expected since these are one off nature. So the opportunity exists to collect at lower prices.

Another important point is that when the overall market comes down due to the big players the small players with sound financials will also come down. You must not let go this opportunity as well. Because when the market recovers these are the once that will come back to their original prices in no time. Some of the counters to watch are SIRA, VPEL, GLAS, GREG, SFIN, VFIN, AAF, BIL, RICH.

This is my analysis and my advice to you. Happy trading.

 

good one champ + for u

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Yes I fogot LIOC

Dhehan

Dhehan
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks EquityChamp

Ernie Tissera


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Good analysis. Thank you.

zenobia


Manager - Equity Analytics
Manager - Equity Analytics
thanks, nice work!

EquityChamp

EquityChamp
Moderator
Moderator
I can smell the market may turn again sooner than expected. The down is leading by JKH, COMB and CTC. LIOC holding the ground. Guys widely open the eyes and grab good counters as I said.

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics
LIOC recovered but JKH

EquityChamp

EquityChamp
Moderator
Moderator
JKH will take little longer to stabilize because of the casino license issue.

EquityChamp

EquityChamp
Moderator
Moderator
Watch for COMB, NTB, LIOC, LLUB, SEYB on Monday. Can get the share at attractive prices. With this temporary dip look for second tier stocks like VPEL,SIRA,GLAS and SFIN. Good stocks.

EquityChamp

EquityChamp
Moderator
Moderator
ASPI has come down by 5.1% during the last two days post budget.DIAL down by 18.2%, JKH by 10.9%, COMB by 10.6%, CTC by 8.2%, SAMP by 5%. If the market stabilize at these levels there is a strong chance for COMb and SAMP to move up in short term since there drop is much deep than the market and they don't posses specific issues like JKH, DIAL and CTC. Might worth the risk.

VISA


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
But tax relife were for imports hence might have negative impact on exchange rate.

EquityChamp

EquityChamp
Moderator
Moderator
I mean the possibilities for quick recoveries probably on Friday.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
due to the mounting pressure Ravi K gang may try to push the market up artificially ,contrary to his media statement.

EquityChamp

EquityChamp
Moderator
Moderator
As I predicted market is recovering nicely. The week will close the index in positive note towards 7150.

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