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

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Today at 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Today at 12:00 pm

» Expolanka to continue its winning streak
by samaritan Today at 10:39 am

» Container shipping stocks routed
by target1 Yesterday at 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Yesterday at 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Yesterday at 11:29 am

» This week's CBOT corn, soy freefalls hard to match in recent years
by target1 Yesterday at 9:57 am

» Positive news to boost market sentiment
by samaritan Yesterday at 9:52 am

» Maharaja at IMF meeting
by Maharaja Thu Jun 23, 2022 10:35 pm

» Why no power cuts in certain areas of Colombo?
by samaritan Thu Jun 23, 2022 5:44 pm

» India assures fullest support to Sri Lanka as a close friend
by samaritan Thu Jun 23, 2022 5:17 pm

» SINS, SAMP, COMB, PARQ, ALUMEX and AEL - are they good shares to start collecting now?
by surfjj Thu Jun 23, 2022 4:25 pm

» Learn how a fixed exchange rate system can be used to reduce inflation.
by target1 Thu Jun 23, 2022 3:35 pm

» Debt Crisis: Sri Lanka Vs Argentine
by CHRONICLE™ Thu Jun 23, 2022 8:17 am

» Sri Lanka in state of panic 1 month after sovereign default
by reyaz Tue Jun 21, 2022 5:23 pm

» Financial stability - we are at the crossroads.
by sheildskye Tue Jun 21, 2022 2:17 pm

» Shrinkflation: Is it ethical?
by sheildskye Tue Jun 21, 2022 2:05 pm

» Banking bullish billionaire Ishara expands footprint
by samaritan Tue Jun 21, 2022 10:58 am

» SL hopes to finalize a staff level program with IMF soon-RW
by samaritan Tue Jun 21, 2022 9:48 am

» Sri Lanka Stock Market heading toward ASPI 4500
by samaritan Tue Jun 21, 2022 9:29 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™ » BLI at a attracting price levels

BLI at a attracting price levels

+11
SuckingRumor
Chinwi
A2Z
EquityChamp
Teller
TKS
fireshelter
karuna
keeper
troy
BvsB
15 posters

Go to page : Previous  1, 2, 3

Go down  Message [Page 3 of 3]

51BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Thu Dec 17, 2015 12:37 pm

BvsB


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

fireshelter wrote:Very Happy Very Happy Don't tell lies my dear You can buy above Rs.70 Soon
Very True Fireshelter..


I also Felt the same..

GL BLI holders...

52BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Thu Dec 17, 2015 12:44 pm

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

affraid affraid affraid affraid

53BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Thu Dec 17, 2015 12:46 pm

USA BOY


Senior Equity Analytic
Senior Equity Analytic

Seems like BLI started ...

54BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Thu Dec 17, 2015 1:50 pm

BvsB


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

BvsB wrote:
fireshelter wrote:Very Happy Very Happy Don't tell lies my dear You can buy above Rs.70 Soon
Very True Fireshelter..


I also Felt the same..

GL BLI holders...


Now at Rs 63 /-  Very Happy

55BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Thu Dec 17, 2015 10:33 pm

Teller


Moderator
Moderator

I recommend to BUY BLI at current levels and get a chance to reach 100% return.
This is a 3 digit worth share and no one can say "NO""
GL.

56BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Fri Dec 18, 2015 1:05 am

Pac-man

Pac-man
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Aniwa gahaii

57BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Fri Dec 18, 2015 1:52 am

USA BOY


Senior Equity Analytic
Senior Equity Analytic

Pac-man wrote:Aniwa gahaii

Mamath balagena hitiye Order Book eka diha...

Kawdo fake sell orders tikak dala thibba...

Dan okkoma sell orders tika galawala damma..

Pahalin BUY kala kawdo me week ekei giya week ekei.... Shocked

58BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Fri Dec 18, 2015 1:58 pm

Teller

Teller
Moderator
Moderator

See the BLI,S cash map in DFN. its 99.47%. all buyers are buying from Sellers

59BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Fri Feb 12, 2016 4:56 pm

Maxime


Senior Equity Analytic
Senior Equity Analytic

BvsB wrote:BLI Post Earning Review-SC Securities

https://drive.google.com/file/d/0B4RW2iUTUYfZQXpGS3Y5cVNPQTQ/view


Bimputh Finance PLC – 2Q16 Earnings Review

In our 2Q16 Earnings preview release we have emphasized on this counter considering the earnings prospects for the second quarter which ended in September. We picked 
this counter primarily considering the lucrative micro finance lending carried out by the company. We envisaged growing micro finance lending to ensure steady revenue 
streams, increasing coverage, to ensure secure revenues from new markets, lucrative business model to facilitate further loan disbursements and cheaper sources of funding to stabilize better margins and profits.

As expected, Bimputh Finance PLC (BLI.N0000), reported healthy earnings and please find below the post earnings review and our findings on the company after our conversation with the company management.

Interest Income

Interest Income expanded by 303.0% yoy in 2Q16, to reach LKR533.8mn from LKR132.4mn in 2Q15. As expected, this was primarily due to the expansion of volume growth of micro finance lending to small scale entrepreneurs. According to the company disclosure, during 1H16, the loan book grew at 68.0% to reach LKR5.2b from LKR3.1b reported as at end of FY15. The management disclosed that there was an aggressive expansion in their branch and service centre network to reach 48, out of which more than 20 branches were established after 3Q15, when the financial sector consolidation plans were temporary halted by the government.

The finance company has outperformed our projection for it’s 2Q16 Interest Income, of LKR431.5mn, by 23.7%.

Interest Expenses

Interest Expenses also showcased a higher growth to that of Interest income, of 401.0% yoy to LKR144.1mn, The primary reason behind this as per the management is, the company has increased it’s exposure to borrowings where the interest bearing borrowings increased 80.1% to reach LKR4.7b from LKR2.6b reported as at end of FY15. 

Since, the loan to deposit ratio has expanded to 3.06x from 2.82x in 4Q15, due to a rapid growth in the loans and advances (which grew 68.0% within 1H16). BLI has managed to fund this gap with increased debt, which led to an increase in the interest expense. 

Net Interest Income

Net Interest Income increased by 276.0% yoy primarily due to the expansion of interest income during the past quarter. Our Net Interest Income forecast of LKR288.8mn is below cf. LKR389.7mn reported during 2Q16, by the company. Company has exceeded our expectations by c. 35.0%, demonstrating a stronger than expected growth during 2Q16.

Documentation fees and other charges on loans

Documentation fees and other charges on loans saw a notable increase of 227.0% yoy to reach LKR80.7mn from LKR24.6mn reported in 2Q15. This was mainly on the back of increased coverage through branch expansions and resultant increase in loans disbursed.

Other Income

During 2Q16, Other income of BLI considerably decreased by 93.0% yoy to reach LKR256,963 cf. LKR3.8mn reported during 2Q15. As per the management, this reduction is due to the termination of several road development projects, which led to a loss in interest income from the bank guarantees allowed for the workers of the projects, in collaboration with Sampath Bank PLC. 

Impairment losses on financial assets

During 2Q16, Impairment Charges for Loans and other losses showcased an increase of 73.0% to reach LKR14.6mn against LKR8.5mn recorded in 2Q15. According to the 
management, this was mainly due to an increase in the general provisioning due to the high risky nature of the micro financing lending. Our estimate for the 2Q16 impairment loss was LKR10.2mn.

Non Performing Advances (NPLs)

The reducing trend in the non performing advances of the company over the recent past is noteworthy. As at end of 2Q16, BLI’s Gross NPAs stood below 0.9%.

Personal Expenses 

Personal Expenses increased by 124.8% yoy to reach LKR36.8mn. This was mainly due to establishment of branches and the resulting salary and other related expenses. (48 branches & service centers were opened after January 2015.) 

Administration Expenses

During the last reported quarter, administration expenses increased by 130.0% yoy to reach LKR119.3mn cf. LKR51.7mn reported during 2Q15, mainly due to branch expansions. 

Financial Expenses

Financial expenses demonstrated a noteworthy increase of 1597.0% yoy to reach LKR64.9mn from LKR3.8mn recorded during 2Q15. This was primarily stemming from the interest bearing borrowings which increased 80.1% to reach LKR4.7b from LKR2.6b reported as at end of FY15,as highlighted above.

Share of Profit of associate company

A profit of LKR5.7mn was recorded as a result of the healthy performance of BLI’s associate – Sinhaputhra Finance PLC.

Profit After Tax 

Profit for 2Q16 saw a healthy improvement of 304.0% yoy to reach LKR176.8mn compared to LKR43.8mn reported for 2Q15. In our 2Q16 pre earnings release, our projections for the profit after tax stood at 139.0mn, which the company has been able exceed by 27.0%, demonstrating increased profit generating potential. 

Earnings Per Share

Earnings per share of the group demonstrated a satisfactory growth to reach LKR3.28 from LKR0.81 recorded as at end of 2Q15. We have forecasted a lower EPS of LKR2.6, 
resulting in a variance of 26.0% compared to the actual reported EPS.

Net Asset Value

Net Asset Value increased to LKR22.25 at the end of 2Q16 from LKR16.47 reported at the end of FY2015. 

Cash position

Cash and cash equivalents showcased a notable increase of 114.0% to reach LKR387.7mn, as at end of 2Q16, compared to LKR181.2mn reported as at end of FY15. 

Foreign Funding

Additionally, the management disclosed that currently, the company secures USD10mn worth of foreign funding. Further, since the maximum limit of foreign funding allowed 
for a Sri Lankan company stands at USD10mn, the company has requested for special approval from the Central Bank to increase the foreign funding limit above USD10mn, 

and currently is waiting for a response from the Central Bank, with a hope to secure more international funding going forward.

Outlook

We believe, the company can benefit from the lucrative micro financing lending going forward, given necessary improvements to it’s credit evaluation, approval and credit 
recovery processes.

Valuation

We indicated a one year price target of LKR151.0 a share in our Pre-earnings release on a relative basis. (Before the subdivision of shares of the company.) Currently, BLI.N is trading at LKR65.90 with a P/E multiple of 5.0 and a P/B multiple of 2.96x.

Fastest Growing Finance company

60BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Sun Feb 14, 2016 11:42 am

Pac-man

Pac-man
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

mehema company hoyaaganna amarui

61BLI at a attracting price levels  - Page 3 Empty Re: BLI at a attracting price levels Sun Feb 14, 2016 1:41 pm

Maxime


Senior Equity Analytic
Senior Equity Analytic

BvsB wrote:When I post this BLI was around Rs 54 /- but now it is trading at Rs 60 /-.

BUT, After see BLI's recent growth, I still think that there is a room to appreciate for its share price..

Just see Bimputh's branch network & how quickly they are expanding their business all over the island.
http://www.bimputhfinance.com/branch_network-8.html

Sampath securities also valued BLI at Rs 75 /- as a fair value in their Pre-earnings report.BLI at a attracting price levels  - Page 3 Icon_wink

all over the island more than 50 branches

Back to top  Message [Page 3 of 3]

Go to page : Previous  1, 2, 3

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