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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » BANKING SECTOR

BANKING SECTOR

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176BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Tue Nov 10, 2020 7:52 pm

judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@CPGOMEZ71 wrote:Banking sector have gained a momentum today. Specially COMB / SAMP / HNB X and DFCC.
Are we going to experience a Banking Rally again or is this just because of the vaccine news ??
Need comments from our experts please.
These are the very good banks and in very near future they will show their profits, and there goes the rally then.

177BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Tue Nov 10, 2020 8:43 pm

shan31


Manager - Equity Analytics
Manager - Equity Analytics
Bank shares are very attractive at current prices, I bought DFCC yesterday. Bought Sampath, HNB, COMB N &X.
quite possible to appreciate significantly with their Q3 results. Still not late to enter to these share if you have cash in hnad.

judecroos likes this post

178BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Tue Nov 10, 2020 9:21 pm

judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@shan31 wrote:Bank shares are very attractive at current prices, I bought DFCC yesterday. Bought Sampath, HNB, COMB N &X.
quite possible to appreciate significantly with their Q3 results. Still not late to enter to these share if you have cash in hnad.
Good decision you made and  bought DFCC. I am under my real name, take my word this has a great potential to appreciate the price. Everybody must make a profit this is my intention.

shan31 likes this post

179BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Tue Nov 10, 2020 9:28 pm

shan31


Manager - Equity Analytics
Manager - Equity Analytics
@judecroos wrote:
@shan31 wrote:Bank shares are very attractive at current prices, I bought DFCC yesterday. Bought Sampath, HNB, COMB N &X.
quite possible to appreciate significantly with their Q3 results. Still not late to enter to these share if you have cash in hnad.
Good decision you made and  bought DFCC. I am under my real name, take my word this has a great potential to appreciate the price. Everybody must make a profit this is my intention.
My intention also same , all of us must make profit. i bought 50,000 DFCC 63-64 as i am quite confident of this share.

ADVENTUS likes this post

180BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Tue Nov 10, 2020 10:16 pm

ADVENTUS


Moderator
Moderator
@shan31 wrote:
@judecroos wrote:
@shan31 wrote:Bank shares are very attractive at current prices, I bought DFCC yesterday. Bought Sampath, HNB, COMB N &X.
quite possible to appreciate significantly with their Q3 results. Still not late to enter to these share if you have cash in hnad.
Good decision you made and  bought DFCC. I am under my real name, take my word this has a great potential to appreciate the price. Everybody must make a profit this is my intention.
My intention also same , all of us must make profit. i bought 50,000 DFCC 63-64 as i am quite confident of this share.
https://www.youtube.com/watch?v=REMdevPS0Eo Like a Star @ heaven Like a Star @ heaven

181BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Tue Nov 10, 2020 10:33 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

කොවිඩ් ණය සහන තවත් මාස 06කින් දීර්ඝ කෙරේකොවිඩ් ණය සහන තවත් මාස 06කින් දීර්ඝ කෙරේ

November, 10, 2020

BANKING SECTOR - Page 8 0001-33-e1604977823479A
COVID-19 හි දෙවන රැල්ල හේතුවෙන් බලපෑමට ලක් වූ ව්‍යාපාර සහ පුද්ගලයින් වෙත ලබා දී තිබූ ණය සහන කාලය 2020 ඔක්තෝබර් 01 දින සිට තවත් මාස 06 ක කාලයක් සඳහා දීර්ඝ කිරීමට ශ්‍රී ලංකා මහ බැංකුව පියවර ගෙන තිබේ.
ශ්‍රී ලංකාවේ බලපත්‍රලාභී වාණිජ බැංකු, බලපත්‍රලාභී විශේෂිත බැංකු, බලපත්‍රලාභී මූල්‍ය සමාගම් සහ විශේෂිත ලීසිං සමාගම් වෙත චක්‍රලේඛයක් නිකුත් කරමින්  ශ්‍රී ලංකා මහ බැංකුව මේ බව දැනුම් දී සිටී.
ශ්‍රී ලංකා මහ බැංකු අදිපති මහාචාර්ය ඩබ්.ඩී. ලක්ෂ්මන් මහතාගේ අත්සනින් යුතුව නිකුත් කරන ලද අදාළ චක්‍රලේඛය පහතින් දැක්වේ.

182BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Tue Nov 10, 2020 10:36 pm

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
hyyooo  Bank shares.. Rolling Eyes Rolling Eyes

Same  panic selling of Banks tomorrow???



Last edited by DamithAsian on Tue Nov 10, 2020 11:01 pm; edited 1 time in total

183BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Tue Nov 10, 2020 10:51 pm

Mr. X

Mr. X
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
So more investors gonna pop up in CSE.. trading going to be fun...

184BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Wed Nov 11, 2020 6:58 am

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Buy Banks and Strong Finance Companies and keep for 3 Months.
Minimum 30%.
SAMP, COMB, DFCC, PABC, HNB, LFIN, VFIN, PLC, CFIN

judecroos likes this post

185BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Wed Nov 11, 2020 7:12 am

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@wealth123 wrote:Buy Banks and Strong Finance Companies and keep for 3 Months.
Minimum 30%.
SAMP, COMB, DFCC, PABC, HNB, LFIN, VFIN, PLC, CFIN

There is a possible risk of day after budget speech day. Yesterday CB circular gave signal that economic financial package is to be given aiming at Covid19 season two. If so couple of days after budget speech you may observe huge drop in bank and financial sector shares. Especially if panic investors react like how they reacted on Pfizer companies priliminary news regarding their vaccine even yet not finished full phases of testing.

186BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 12:27 am

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics
Does anyone have history of SEYB.X Cash & Script dividends  Question Question
If have kindly let me know since 2011 - 2020  Very Happy

187BANKING SECTOR - Page 8 Empty BANKING SECTOR Sun Nov 15, 2020 7:41 am

Anushka chathuranga


Stock Trader
i think every good investors are collecting bank stocks silently these days

RJ1010 likes this post

188BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 8:06 am

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dfcc is the best out of all.

soileconomy and Anushka chathuranga like this post

189BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 8:38 am

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
@Winner123 wrote:Dfcc is the best out of all.
Agreed.but price is not moving.

190BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 9:04 am

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes its moving slowly.

191BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 9:06 am

MaJa


Manager - Equity Analytics
Manager - Equity Analytics
It s a hard choice, Everything is at a discount.
It s just that , we cannot expect any price movement with current market conditions -  we cannot expect much in favor of banks in the next 6 -9 months.

Government will try support all exports and Agri projects as much as possible over next few quarters , with low rates and concessions.
Power and energy too , shorterm to  save money on fuel, long terms to build more capacity in renewable energy
Same will be done for small scale businesses , individuals through loan moratoriums , concessionary rates.
Not much surge in consumer spending expected.

It s tempting , but not the right time I guess

soileconomy and sharlinr1 like this post

192BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 10:44 am

dayandacool

dayandacool
Moderator
Moderator
Best time to determine what sort of an investor / trader you are. Banks, while trading at dirt cheap and discounted prices, it also means you will need to hold on to them for the long run. Major banks have all recorded dismal performances for the 2nd quarter and I see no real reason for them to come to the past glory they once were in next 2 quarters as well.

While the opportunity cost is massive and the risk of running in to most probable RI's, I don't think Banks are a good choice for the MT.

Having said that, If someone is willing to take the hit and stay put for the long term, They are in for a very good return as we all know that banks will rise gradually and it'll be next to impossible to collect banking shares at the same discounted prices again..

DISC: Sold all Banking shares during last 2 weeks.

Win Win, geesura and Chamal A like this post

193BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 11:34 am

Love Boy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is a indication of financial Literacy of investors. They think only the earning drop. But, they forget to this T bill rates at this moment. 


Since the rates are very lower, banks share prices also need to increase. Very Happy Very Happy Very Happy Very Happy

Wait, people will understand it after next dividend period.

dayandacool likes this post

194BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 11:38 am

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics
Does anyone have history of SEYB.X Cash & Script dividends  BANKING SECTOR - Page 8 Icon_question BANKING SECTOR - Page 8 Icon_question
If have kindly let me know since 2011 - 2020  BANKING SECTOR - Page 8 Icon_biggrin

195BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 12:02 pm

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
BANKING SECTOR - Page 8 Screen28
@Kanishka_2020 wrote:Does anyone have history of SEYB.X Cash & Script dividends  BANKING SECTOR - Page 8 Icon_question BANKING SECTOR - Page 8 Icon_question
If have kindly let me know since 2011 - 2020  BANKING SECTOR - Page 8 Icon_biggrin
Feb 22/11-Dividend 1st& final RS.1.00
March 3/11-RI 1for 3@35.00
Feb 3/12-Dividend 1st& final RS.1.00
Feb26/13-Dividend 1st& final RS.1.00
Feb 26/13 Bonus 1 for 38.89
Feb 28/14 Dividend 1st& final RS.2.25
Feb 27/15 Dividend 1st& final RS.2.50
Feb29/16 Dividend 1st& final RS.2.75
Feb 23/17 Dividend 1st& final RS.1.00
Feb 23/17 Bonus 1 for 28.84
Feb 20/18 Dividend 1st& final RS.1.00
Feb 20 /18 Bonus 1 for 24.44
Feb20/19 Dividend 1st& final RS.0.5
Feb 20/19 Bonus 1 for 25.58
Sep6/19 RI 1 for 3@24.5
Feb 25/20 Dividend 1st& final RS.1.00
Feb25/20 Bonus 1 for 30.9

dayandacool, subash81 and Kanishka_2020 like this post

196BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 12:06 pm

dayandacool

dayandacool
Moderator
Moderator
@Love Boy wrote:This is a indication of financial Literacy of investors. They think only the earning drop. But, they forget to this T bill rates at this moment. 


Since the rates are very lower, banks share prices also need to increase. Very Happy Very Happy Very Happy Very Happy

Wait, people will understand it after next dividend period.
@Love Boy,

If you are referring to Bonds and T bills trading in the secondary market, You could take a leaf out of CFVF Q2 performance. Many including myself thought they will make merry now since the interest rates were at their lowest during last quarter. But to my shock I witnessed that the Fair value on financial assets have dropped. We have continuously witnessed the under subscription of government bonds and T-bills during last quarter. When the demand for government bonds fail, it impacts negatively on the secondary market despite the fact that you may be holding bonds / debentures bought at higher interest rates. Banking institutes will continue to show a dismal performance till low interest rates and import restrictions continue as these were the main segments that banks used to earn big.

My 2 cents!!! Very Happy Very Happy

Love Boy likes this post

197BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 12:51 pm

Love Boy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@dayandacool wrote:
@Love Boy wrote:This is a indication of financial Literacy of investors. They think only the earning drop. But, they forget to this T bill rates at this moment. 


Since the rates are very lower, banks share prices also need to increase. Very Happy Very Happy Very Happy Very Happy

Wait, people will understand it after next dividend period.
@Love Boy,

If you are referring to Bonds and T bills trading in the secondary market, You could take a leaf out of CFVF Q2 performance. Many including myself thought they will make merry now since the interest rates were at their lowest during last quarter. But to my shock I witnessed that the Fair value on financial assets have dropped. We have continuously witnessed the under subscription of government bonds and T-bills during last quarter. When the demand for government bonds fail, it impacts negatively on the secondary market despite the fact that you may be holding bonds / debentures bought at higher interest rates. Banking institutes will continue to show a dismal performance till low interest rates and import restrictions continue as these were the main segments that banks used to earn big.

My 2 cents!!! Very Happy Very Happy
Agreed. Now, they have to think very smart to grow their companies. banks FD rates are lower than one year t-bill rates also. They got used to take arbitrage gain from depositors. I think, this is highly unethical thing the used to do.

dayandacool likes this post

198BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 12:54 pm

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics
Thank you @geesura

I'm using ATrad @ Capital Trust broker, there can I see the chart you attached.
Or else it's a different tool/site Question

geesura likes this post

199BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 1:01 pm

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Kanishka_2020 wrote:Thank you @geesura

I'm using ATrad @ Capital Trust broker, there can I see the chart you attached.
Or else it's a different tool/site Question
jb securities

200BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 1:29 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Kanishka_2020 wrote:Does anyone have history of SEYB.X Cash & Script dividends  Question Question
If have kindly let me know since 2011 - 2020  Very Happy
2020Not yet update
2019                          2.00
2018                          2.50
2017                          3.50
2016                          3.25
2015                          2.75
2014                          2.50
2013                          2.25
2012                          2.00
2011                          1.00
2010                          1.00
2009                          0.50
2008                              -  
2007                          1.50
2006                          1.50
2005                          2.00
2004                          1.60
2003                          1.50
2002                          1.50
2001                          1.25
2000                          1.20
1999                          1.00
1998 
1997 
1996 
1995 

201BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 6:50 pm

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
@dayandacool wrote:Best time to determine what sort of an investor / trader you are. Banks, while trading at dirt cheap and discounted prices, it also means you will need to hold on to them for the long run. Major banks have all recorded dismal performances for the 2nd quarter and I see no real reason for them to come to the past glory they once were in next 2 quarters as well.

While the opportunity cost is massive and the risk of running in to most probable RI's, I don't think Banks are a good choice for the MT.

Having said that, If someone is willing to take the hit and stay put for the long term, They are in for a very good return as we all know that banks will rise gradually and it'll be next to impossible to collect banking shares at the same discounted prices again..

DISC: Sold all Banking shares during last 2 weeks.

Just to Add One Thing,

Banks having Absolute decimal performance in 2020.

SAMP Operating Profit Down 40%
COMM Operating Profit Down 12%
HNB Operating Profit Down 30%

All banks face was Saved by VAT reduction to 8% and abolish of NBT and DRL.

Further, Most bank losing Commissions and Fees due to Import Restriction and reduced Consumer activities.

As a Investor, i wont touch Bank & Fin Shares till following happens,


  • Some interest of Foreign Investors
  • CBSL revers Cash Dividend restriction
  • End of Debt relief.


However there is an opportunity present for Medium Term Investors.


  • Now Market is back to 6,000 level without Banking shares. So that means some others shares are bit over bought. So potential of Bank and Finance is very high. There can be min 20% increase in MT.
  • Most of Bank P/L are filled with Impairment charges. May be due to Debt Relief. (expert Advise required). Check LOLC Finance, Abnormal Impairment. So if these can be reversed, they will have super profit in 1Q in 2021.     


DISC - Had HNB X but sold at Small Profit. Opportunity cost was too much

dayandacool likes this post

202BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 8:05 pm

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Banks and finance companies will play a major role towards the journey of 7000.
Restrictions on dividend will be removed in 2 quarter depending on non performing advances
As a preduent measure most of banks might have provided provisions , most of them are secured properly
Debt relief (moratorium) gives bank an opportunity to delay or give the customer adiquate time to repay the loan which from banks side NPA will be kept under control.
As low interest rate regeime is prevailing funds has shifted form high yeilding fixed deposit to low interest bearing savings
Thereby lending cost has further come down.
If the banking system faces severe challenges whole economy will be affected.so it is seriously taken care of....I beieive

dayandacool, Love Boy, judecroos and High-flyer like this post

203BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 8:33 pm

Love Boy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think, government will help bank and finance companies more than this after the budget. Someone tries to buy panic shareholder's quantities with promoting fake news. Let us see what will happen. Very Happy Very Happy Very Happy Very Happy Very Happy

204BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Sun Nov 15, 2020 8:49 pm

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics
@jaya wrote:
@Kanishka_2020 wrote:Does anyone have history of SEYB.X Cash & Script dividends  Question Question
If have kindly let me know since 2011 - 2020  Very Happy
 


























2020Not yet update
2019                          2.00
2018                          2.50
2017                          3.50
2016                          3.25
2015                          2.75
2014                          2.50
2013                          2.25
2012                          2.00
2011                          1.00
2010                          1.00
2009                          0.50
2008                              -  
2007                          1.50
2006                          1.50
2005                          2.00
2004                          1.60
2003                          1.50
2002                          1.50
2001                          1.25
2000                          1.20
1999                          1.00
1998 
1997 
1996 
1995 

Thank You!!

205BANKING SECTOR - Page 8 Empty Re: BANKING SECTOR Tue Nov 17, 2020 8:13 pm

abey


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
SDB more chance

judecroos likes this post

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