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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » SOFTLOGIC FINANCE PLC (CRL.N0000)

SOFTLOGIC FINANCE PLC (CRL.N0000)

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1SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty SOFTLOGIC FINANCE PLC (CRL.N0000) Thu Apr 23, 2015 3:15 pm

Trader1


Senior Equity Analytic
Senior Equity Analytic
Softlogic Finance PLC is a Sri Lanka-based company engaged in providing financial services. The Company is involved in granting lease facilities, hire purchases, vehicle hiring, small and medium-sized enterprises (SME) loans, group personal loans, business loans, other credit facilities, pawning, accepting fixed deposits, real estate sales and operation of savings accounts. The Company's segments include leasing, hire purchase and loans, and other loans and receivables. Its products include Leasing and Hire Purchase, Fixed Deposits, Personal Loans, Gold Loans, Savings and Business Financing. It provides financing for all types of vehicles/equipment, including brand new, unregistered cars/vans/buses/lorries/trucks/tractors/three-wheelers and motorbikes. Its personal loans have repayment period of approximately four years. The Company offers Trade finance, Bridging loans, Capital investments, Project financing and Dealer financing under business financing.

Softlogic Finance (CRL) as one of the fast growing finance companies in Sri
Lanka is expected to achieve a 101% earnings growth amidst changing focus
on credit disbursement portfolio to high yielding segments, lowering
impairment stemming from leases and higher purchases and increasing
presence of branch network. We expect CRL to achieve an EPS of LKR 9.0 in
FY16E leading to a PER of 4.4x and PBV of 1.0x compared to sector average of
11.2x and 1.6x respectively. FC Research expects a total return of c.58% by
FY16E, based on a target price of LKR 65.0 (+54%) and a dividend yield of 3.6%.

Changing clientele may generate 32% growth in NII in FY16E: CRL has been
changing its product mix and focus from leases and hire purchases to Micro
finance in order to capture high yielding niche market segments by developing
innovative products. Hence, we expect net interest income to grow by 32% to
LKR 2bn in FY16E attributing to high yielding loans and advances growth of 25%
to LKR 11.5bn in FY16E. Further, we maintain our conservative forecast for
leases and hire purchases growth at 17% to LKR 8bn.

Efficient cost management and lowering impairment may drive +101% profit
growth in FY16E:
We expect CRL’s to lower impairment compared to FY15 due
declined exposure in leases and hire purchase portfolio. Further, strategic
branch expansion and cost management measures are expected to improve
CRL’s cost-to-core-income ratio to 63% in FY16E from 67% in FY15E.

CRL may provide a total 1-year return of 58%: CRL at LKR 40.0, trades on a FY16E
PER of 4.4x and PBV of 1.0x. The counter may also provide a DPS of LKR 1.5 for
FY15E and LKR 3.1 for FY16E, which may translate into a dividend yield of 3.8%
and 7.6% respectively. On justified book value CRL is valued at LKR 58.0 while on
8.0x FY16E average PER the company is valued at LKR 72.0. On average we
provide a target price of LKR 65.0 for CRL for a 1-Year period providing a total
return of 58% - BUY.

Please find the attached Report

2SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Thu Apr 23, 2015 3:58 pm

Harry82

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

VFIN's target price is over Rs 100.00

3SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Thu Apr 23, 2015 4:03 pm

NZ BOY

NZ BOY
Moderator
Moderator
@Harry82 wrote:then

VFIN's target price is over Rs 100.00

yep

4SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri Apr 24, 2015 2:42 am

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
hmmmmmmmmm LFIN?????????????

5SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri Apr 24, 2015 5:53 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
LFIN
FY16E, based on a target price of LKR 225.00

RCL
FY16E, based on a target price of LKR 185.0

6SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri Apr 24, 2015 7:52 am

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
@ Trader1

I would like to thank you for taking the time to upload the research report unfortunately not many people do this so a big thank you from me.

It appears that First Capital stockbrokers produce good research reports, I will be definitely opening an account with them....

Thank you one again

7SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri Apr 24, 2015 9:26 am

Trader1


Senior Equity Analytic
Senior Equity Analytic
@ Invest_Wisely
Welcome.

Yesterday CRL.N0000  Net Foreign Purchases 75,000

Source : ASSETLINE RESEARCH Daily Report.

8SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri Apr 24, 2015 9:40 am

cse_investor1


Equity Analytic
Equity Analytic
Thank you very useful information....

9SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri Apr 24, 2015 9:41 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
SDB target price Rs 135.00

10SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Mon Apr 27, 2015 8:25 am

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
My target is 46/= 47/= today

11SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Mon Apr 27, 2015 9:38 am

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
http://www.sundayobserver.lk/2015/04/26/fin32.asp

Softlogic Finance opens two branches

Softlogic Finance PLC opened two full-fledged branches in Senkadagala, Kandy and Pamankada, Colombo 6 recently.

The opening of the two branches at strategic and convenient locations expands Softlogic Finance's network across the country to 31 locations - 19 branches and 12 stand alone gold loan centres.

Both branches will offer the full range of services provided by Softlogic Finance including leasing and hire purchase, fixed deposits and savings, personal loans, business loans, gold loans and working capital loans.

The Senkadagala branch, which strengthens the company's presence to two branches in Kandy and four in the Central Province, was opened at Katugasthota Road, Kandy. The Pamankada branch, the company's fifth in the Western Province, was opened at W. A. De Silva Mawatha, Colombo 6.

The branches will be open for business during week days from 8.30 a.m. to 5.00 p.m.

"These recent branch openings underscore Softlogic Finance's aggressive expansion strategy and the company's commitment to develop an islandwide footprint, in line with its vision of becoming the preferred non-banking financial institution in Sri Lanka," Deputy Chairman, Softlogic Finance, Harris Premaratne said.

"Along with expanding the 'hard infrastructure' relating to branches, the company will continue to focus on further enhancing our offering to clients through excellent customer care and implementation of best IT practices, among other measures," he said.

The company's flagship 'Clean Zone' community initiative, which hopes to improve the cleanliness of a 500-metre roadside extent on both sides of its branches and inculcate the habit of segregating recyclable and non-recyclable refuse among the public, is due to be launched soon at the Senkadagala branch.

Softlogic Finance is a part of the Softlogic Group that has interests in Healthcare, Retail, Financial Services, ICT, Leisure, Automobiles and Restaurants. The company is a Registered Finance Company under Finance Business Act No 42 of 2011, and a Specialised Leasing Company, licensed by the Central Bank under the Finance Leasing Act No. 56 of 2000.

12SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Mon Apr 27, 2015 7:57 pm

piras

piras
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I bought today. Targeting 65

13SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Mon Apr 27, 2015 8:02 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
AFSL highly recommended illiquid stock and target 50+
AFSL Few year ago went up 116.00

14SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Mon Apr 27, 2015 9:11 pm

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CRL gone High now
Buy SFL.P
SFL.P good Investment , SFL.N reach 250/= soon then SFL.P 70/= again .
after Subdivision SFL.P 100/=

15SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri May 08, 2015 8:41 pm

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
SOFTLOGIC FINANCE - DIVIDEND ANNOUNCEMENT

SOFTLOGIC FINACE PLC
Company ID: - CRL
Date of Announcement: - 08.May.2015
Dividend per Share: - Rs. 1.50 per share / Interim Dividend
Financial Year: - 2014/2015
XD: - 19.May.2015
Payment: - 28.May.2015
Share Transfer Book Open

16SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri May 08, 2015 8:47 pm

piras

piras
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Good news. It will drive 60+

17SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri May 08, 2015 9:59 pm

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
Who owns Softlogic Finance? I woul like to buy that company for sure!

18SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Fri May 08, 2015 11:15 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
SCAP

19SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Sat May 09, 2015 12:21 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@fireshelter wrote:SCAP
Who owns SCAP?

20SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Sat May 09, 2015 10:21 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
End of Day Ahsok patirage

21SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Sat May 09, 2015 2:33 pm

VALUEPICK

VALUEPICK
Expert
Expert
Have a patient. In this bull market lot of stocks should go up in the coming months.

22SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Sat May 09, 2015 2:54 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Quibit wrote:
@fireshelter wrote:SCAP
Who owns SCAP?
SCAP is owned by SHL

23SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Sun May 10, 2015 8:52 am

VALUEPICK

VALUEPICK
Expert
Expert
http://www.softlogic.lk/main-1-6.html

Financial Sector

Softlogic Capital PLC functions as the financial services’ sector holding company of the Softlogic Group. Softlogic Capital PLC was incorporated as Capital Reach Holdings Limited in April 2005 as an Investment Holding Company. Subsequently the company was acquired by Softlogic Holdings PLC in August 2010, and in keeping with its core function as a holding company, added Asian Alliance Insurance PLC in 2012 to its existing subsidiary network to form a fully fledged finance arm to increase the synergies of the Softlogic Group.
Softlogic Capital’s portfolio of financial services are offered through Softlogic Finance PLC, a Licensed Finance Company (LFC) under the purview of Central Bank of Sri Lanka; Asian Alliance Insurance PLC, a composite insurer licensed by the Insurance Board of Sri Lanka; and Softlogic Stock Brokers Pvt Ltd, a stock broking company licensed and actively trading on the Colombo Stock Exchange.
Softlogic Capital PLC is licensed by Securities & Exchange Commission of Sri Lanka as a Market Intermediary under the Investment Manager category. The core principle is one where fiduciary responsibility takes ascendance with public’s fund being invested is a conservative and rewarding manner involving disciplined and integrated risk management solutions led by professionals with unmatched expertise in the industry.

24SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Wed May 20, 2015 6:12 pm

AKNASI

AKNASI
Stock Analytic
Stock Analytic
I think Softlogic Finance PLC will go up to 60+ Soon Soon Soon.....

25SOFTLOGIC FINANCE PLC (CRL.N0000)  Empty Re: SOFTLOGIC FINANCE PLC (CRL.N0000) Thu Oct 27, 2016 1:42 pm

podda2


Manager - Equity Analytics
Manager - Equity Analytics
37 sell karanwa kawuru hari..

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