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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » SAMPATH BANK PLC (SAMP.N0000)

SAMPATH BANK PLC (SAMP.N0000)

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221SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Apr 23, 2018 9:09 am

Harry82


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sampath follows 2017 practice in allotting additional shares in 2018 rights issue
Applicants get up to 2,100 shares plus very small percentage of balance sought
April 21, 2018, 6:57 pm 

Sampath Bank’s rights issue of approx. 50.13 million shares allotted in the proportion of three for 13 shares held at a price of Rs. 250 per share has been fully subscribed with applications for additional shares comfortably absorbing the lag of unsubscribed shares.

"Refund cheques for additional share applications that could not be accommodated were sent out last week," a broker said. "Each applicant for additional shares was allotted up to a maximum of 2,100 shares and a very small percentage of the balance."

Analysts noted that with large applications for additional shares over and above entitlements coming in from many shareholders, the bank which followed the scheme of allotment utilized in the rights issue in November last year could not allot as many shares per applicant as last time.

"While up to 9,000 shares per applicant for additional were accommodated last time, this time it was possible only to allot up to a maximum of 2,100 shares plus a very small percentage of the balance," an analyst said.

Over and above the ceiling of 2,100 a small fraction of the balance sought was granted. "I got 36 shares on that account after applying for 10,000," one subscriber said.

"Given the gap between the issue price and the trading price, subscribers did very well," the analyst said.

The previous Rights Issue 2017 saw Sampath raising Rs. 7.6 billion new equity (zero cost capital) by the issue of approx. 31 million new shares, priced at Rs. 245 each, in the proportion of one new share for every six held.

This year’s rights issue saw the allotment of 50.13 million (approx) new shares issued at Rs. 250 a share on the proportion of three for 13 held to be listed on April 23.

Sampath also announced its scrip dividend dates to the CSE last week. The date of entitlement will be Apr. 26 and the share will trade XD from Apr. 27. The scrip dividend will be one new share for (approx) 19.728 shares held on April 26 trading XD from April 27.

The Sampath share traded above Rs. 300 on the CSE in recent days with Friday’s price ranging between Rs. 305.10 and Rs. 308.

222SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Apr 23, 2018 6:55 pm

EquityChamp


Moderator
Moderator
No second words on Sampath Bank stock. Absolutely brilliant investment.

223SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Apr 23, 2018 6:55 pm

EquityChamp


Moderator
Moderator
No second words on Sampath Bank stock. Absolutely brilliant investment.

224SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Apr 24, 2018 7:33 pm

EquityChamp


Moderator
Moderator
Really putting giant strides forward.looks solid to reach 500 in two years time.

225SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Apr 25, 2018 9:08 am

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@EquityChamp wrote:No second words on Sampath Bank stock. Absolutely brilliant investment.
Absolutely. A fundamentally strong company which has given medium to long term investors an annual rate of return on their investment over and above Bank FD rates and it's share price has gone up and outperformed the performance of CSE ASPI by a big margin as explained below.
31/12/201731/12/2012ASPI 5 Year Annual Average
        Growth Rate
ASPI6369.265643        very poor 2.6%
Scenario 1
If I BOUGHT SAMP @ the highest share price of Rs. 216/00 in 4q 2012 and Decides Not to buy Rights and Sell @ Lowest price of Rs.  305/-in 4Q 2017 my investment would have earned a compounded annual rate of return of 11% during this 5 year period despite buying at the highest price and selling at the lowest price

Scenario 2
2. If I BOUGHT SAMP @ the average(median) share price of Rs. 200/50 in 4q 2012 and Decides Not to buy Rights and Sell @ Lowest price of Rs.  330/-in 4Q 2017 my investment would have earned a handsome compounded annual rate of return of 15% during this 5 year period. This is both buying and selling at average prices

Note:- Cash and scrip dividends have been accounted for

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sampath Bank achieved a post-tax profit of Rs. 3.3 bn for the quarter ended March 31, 2018, a 41.4% growth in comparison to the profit after tax (PAT) of Rs. 2.3 Bn recorded in 1Q 2017. The results stem from higher profit before tax (PBT), which grew by 39.6% YoY to reach Rs 4.9 bn in 1Q 2018. Meanwhile, the Sampath Group, which includes the Bank and four fully owned subsidiary companies also posted a strong performance for the quarter, with PBT and PAT growing by 39.3% and 41.1% respectively compared to 1Q2017, the bank said in a statement.
The Bank achieved a substantial growth in all key business pillars during the quarter under review.
These results were achieved under the guidance of Chairman Channa Palansuriya and Managing Director, Nanda Fernando.
Fund based income (FBI)
Net Interest Income (NII), which is the main source of income representing more than 70% of the Bank’s total operating income, recorded an increase of Rs 2.0Bn (31.0%) during 1Q2018 in comparison to 1Q 2017. Accordingly, the Bank recorded NII of Rs8.3Bnin 1Q 2018, as against Rs6.3Bn recorded for the corresponding period in 2017.
The above achievement was made possible by the robust growth recorded in the deposit and advances bases coupled with timely re-pricing of asset and liability products and other fund management strategies adopted by the Bank.The Bank’s deposit base recorded a 3.6% (annualized 14%) growth while net advances increased by 7.4%(annualized 30%).
Net fee and commission income, which largely comprises of credit, trade, card and electronic channel related fees increased to Rs 2.3 Bn in the quarter under review, as opposed to Rs 1.9Bn recorded in the corresponding period of2017.
This is a notable YoY growth of 18.7%, which is attributed to the strong credit appetite, as well as efforts made by the Bank to expand the credit card operations and a strong market uptake for innovative value additions offered through electronic channels.
Other operating income was up by64.2%from Rs 0.8 bn reported in 1Q 2017 to Rs 1.3 bn in 1Q 2018.Higher dividend income from subsidiaries and the increase in realized exchange income could be identified as the main contributory factors for the increase in operating income.
The Bank’s operating expenses, which amounted to Rs. 3.9 bn in 1Q 2017, increased to Rs 4.7 bn during the period under review, reflecting a YoY increase of 18.3%.
Higher personnel expenses triggered by salary increments and an increase in other operating expenses driven by business expansion together with inflation-led general price hikes were the main reasons for the aforesaid cost escalation. Despite higher costs,the cost-to-income ratio excluding VAT and NBT on financial services, improved to 39.5% in 1Q2018from 43.7% in 1Q2017, an improvement of420 basis points. This is seen as a significant achievement particularly in view of the fact that Sampath Bank has one of the youngest branch networks compared to its closest competitors.
Impairment charge of Rs1.1 bn recorded in 1Q2018 showed an increase of Rs0.5Bn over the comparative period’s charge of Rs0.6Bn. This was predominantly due to Rs 377.5 Mn increase in collective impairment charges.
The increase in collective impairment was the result of the 7.4% credit growth recorded for 1Q 2018 as well as a marginal increase in NPA ratio from 1.64% in December 2017 to 1.95% in March 2018.
However, the Bank’s NPA ratio as at 31st March 2018 remained well below the industry average of 3%and of its closest competitors.
Sampath Bank’s total asset base grew by 6.5% (annualized 26%) in 1Q 2018to reach Rs 846 bn as at 31st March 2018.
The total asset position as at 31st December 2017stood at Rs 795 Bn. Gross loans and receivables from other customers grew by 7.5% (annualized 30%) during the period and moved up to Rs 612 bn as at March 31, 2018 (up by Rs 43 bn from the position reported as at 31st December 2017).
Total deposit base too increased by Rs 23Bn, recording a growth of 3.6% (annualized 14%) during this period to touch Rs 653 bn as at the reporting date.
The CASA ratio as at 31st March 2018 stood at 34.6%,recording a marginal decrease compared to the figure reported as at 31st December 2017 (34.9%).
ROE (after tax) declined from 23.35% as at 31st December 2017 to 20.81% as at 31st March 2018 due to increase in average equity base resulting from the Rights Issue done in November 2017. ROA (before tax) however improved to 2.41% as at end of 1Q 2018 in comparison to 2.29% reported as atend of 2017.Nevertheless, both ROE and ROA ratios showed an improvementas at 31st March 2018 when compared with the position reported as at 31st March 2017.
Meanwhile, the Basic Earnings per shareof Rs 13.92 for 1Q 2018 was a substantial improvement from theRs10.98recorded for the corresponding period in the previous year. This was an impressive YoY growth of 26.8%.The Bank was able to maintain its Statutory Liquid Asset Ratio (SLAR) well above the mandatory requirement of 20% throughout the period, with the SLARof 21.18% as at 31stMarch 2018.
CBSL introduced Basel III to the Sri Lankan Banking industry with effect from 1stJuly 2017. Accordingly, the full implementation is expected to take place in three phases over a period of 18 months and is targeted to be completed by 1stJanuary 2019, at which point Sampath Bank would need to maintain its Tier I Capital Adequacy Ratio (CAR) at 10% and Total CAR at 14%.
In order to fall in line with these new regulatory capital requirements, Sampath Bank raised Rs 12.5 bn worth of Tier I Capital by way of a Rights Issue in April 2018 and Rs 7.5 bn worth of Tier II Capital by way of a Basel III Compliant Debenture Issue in March 2018.
The Bank’s Common Equity Tier I Capital, Tier I Capital and Total Capital Adequacy ratios as at 31stMarch 2018 stood at 9.48%, 9.48% and 14.42% levels respectively, all well above the minimum regulatory requirement of 7.375%, 8.875% and 12.875% respectively, applicable as at the reporting date. 

227SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun May 06, 2018 7:55 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Rs 14.16 x 4 = 56.56

56.56 x 7  = Rs 395.92

Target price is above Rs 400.00

228SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty SAMP STRUGLLING Fri Mar 01, 2019 10:13 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Right issue(136 share price) sick brought down SAMP prices 230 to 194..... Mad Mad Mad

229SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 10:29 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Yahapalanaya wrote:Right issue(136 share price) sick brought down SAMP prices 230 to 194..... Mad Mad Mad
CSE dont like right issues?

230SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 1:49 pm

Chanaka303


Equity Analytic
Equity Analytic
150 possible ????

231SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 2:00 pm

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
seems to be.. 150 is good price for collectors.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

232SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 2:06 pm

Maharaja


Expert
Expert
if SAMP falls to 150, ASI must adjust to 5500


Maharaja

233SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 2:19 pm

MarketWch

MarketWch
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Maharaja wrote:if SAMP falls to 150, ASI must adjust to 5500


Maharaja
I have noticed many times when market goes down you popup from thin air...  Very Happy Very Happy bounce bounce bounce bounce Maharaja...

234SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 3:31 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
wow SAMP from fraud,bad loans ,script dividend listing shares and rights issue ...............share seems to be heading rock bottom ! with this flooding and mkt sentiment we will be lucky to see SAMP 90-100 levels ! may be i am wrong ....time will tell ! my advice sell now buy when it hits rock bottom

235SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 3:38 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
flooding the market with script dividend and rights issue when the market sentiment is low ! bad loans and non performing loans on the rise ! losses in the coming quarters seem to be a reality ! share price will be ...............may be i am wrong ! but be safe guys sell now and buy when it hits rock bottom ............

236SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 4:57 pm

Agape


Senior Equity Analytic
Senior Equity Analytic
I too agree-I think there appears to be some reason other than this nonsence excuse of Tier 1 and BASLE iii to raise so much cash-just the other day they collected Rs 7b quoting the same reason.

May be here is some serious bad debts they are waiting to unload to the Profits in next few qtrs-

237SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun Mar 03, 2019 9:04 am

Nishan Cooray

Nishan Cooray
Stock Analytic
Stock Analytic
සම්පත් බැංකුව මීට පෙර අවස්තා දෙකකදි Rights Issue කරා ඒත් මෙහෙම ගනන් අඩු උනේ නැහැ
1). Announcement date 28/07/17.
Ratio 6 to 1 @ Rs.245/-
Share price on market as at (closing) - 27/07/17 Rs.280/-
28/07/18 Rs.272/10
31/07/17 Rs.268/50

2). Announcement Date 19/12/17.
Ratio 13 to 3 @ Rs. 250/-
Share price on market as at (closing) - 18/12/17 Rs.331/90
19/12/17 Rs.315/-
21/12/17 Rs.311/10

238SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Dark times - Sampath Bank Thu May 16, 2019 9:41 am

Maharaja


Expert
Expert
Sampath bank will face dark times in the future. Be away from this stock !!




Maharaja

geeshanpradeep


Stock Analytic
Stock Analytic
Any expert ideas regarding the Sampath Bank Rights Issue ? Will it be worthwhile/ profitable to invest in rights issue while the share is traded at Rs.136-138/-  price range presently...what would be the target  ex-right price ?  Question Question

240SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu May 16, 2019 9:56 am

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Not at all

241SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu May 16, 2019 10:09 am

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
many more rights issues in finance companies can be expected . but who has money to subscribe all of these. as i said earlier, there will be 8 finance companies to be shut down in coming months due to cash flow issues . bank likes sampath will be more demand even rights. subscribe @ 136 will not be a bad decision

242SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu May 16, 2019 10:15 am

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
Maharaja, Dont spread negatives , its one of the fastest growing bank in sri lanka, highly customer friendly and the best innovative products , their foreign currencies accounts are growing really well

243SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu May 16, 2019 10:20 am

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
@Teller,

Sampath Bank’s Net Interest Income up by 23% in Q 1
2019 Despite Challenging Economic Conditions
The Bank has reported a net interest income of Rs 10.2 Bn for Q1 2019 reflecting noteworthy growth
of 23.2% over the figure reported in Q1 2018, a significant achievement especially given the
challenging economic conditions that prevailed throughout the period.
The Bank recorded Profit after tax of Rs 2.2 Bn, a negative growth over the corresponding period in
2018, due to several factors including higher impairment provisions, volatile interest rates, currency
uncertainty and higher taxes including Debt Repayment Levy all of which worked against growth in
Q1 2019. Over and above this, the economic slowdown also had a domino effect causing a negative
impact on the Bank’s business expansion strategies.
Meanwhile the Sampath Bank Group reported Group PAT of Rs 2.1 Bn.
The comparative figure for Q1 2018
In order to improve the comparability and the consistency of the Group’s Financial Statements, the
Bank adjusted comparative figures disclosed in Q1 2018 related to collective impairment provision
based on Sri Lanka Accounting Standard – SLFRS 9 (Financial Instruments).
Fund based income (FBI)
Net Interest Income (NII), which is the main source of income representing more than 79% of the
Bank’s total operating income, recorded a significant increase of Rs 1.9 Bn (23.2%) in Q1 2019 in
comparison to Q1 2018. Accordingly, the Bank recorded NII of Rs 10.2 Bn in Q1 2019, as against Rs
8.3 Bn recorded for Q1 2018.
The above achievement was made possible due to timely re-pricing of asset and liability products and
other fund management strategies adopted by the Bank. The decision by the regulator to reduce the
SRR from 7.5% to 6.0% with effect from 16th November 2018 followed by a further reduction to 5%
with effect from 1st March 2019 also had a positive impact on NII. The Bank managed to improve its
NIM from 4.41% as at 31st December 2018 to 4.54% in Q1 2019.
Non fund based income (NFBI)
Net fee and commission income, which largely comprises of credit, trade, card and electronic channel
related fees recorded Rs 2.3 Bn in the quarter under review, a marginal decline over the figure reported
in Q1 2018. The decline was kept to a minimum due to the strong market uptake for innovative value
additions offered through electronic channels as well as appropriate action to expand the credit card
operations.
The Net gain from financial investments recorded a marginal growth of 1.4%, due to increase in
dividend income earned from financial assets. The Sri Lankan rupee, which depreciated against US
dollars during Q1 2018 by Rs 2.00 showed an appreciation of Rs. 7.00 in Q1 2019, had a significant
impact on the Bank’s total exchange income for Q1 2019, which declined by Rs 858 Mn for the quarter.
Net trading income recorded a strong growth and stood at Rs 1.5 Bn for the quarter under review,
bolstered by significant revaluation gains on forward contracts. This was the result of tactical strategies
to maximize forward contract margins in a highly volatile exchange rate environment.
Other operating income decreased by 191% owing to the exchange loss recorded in Q1 2019 due to
the sharp appreciation of the Sri Lankan Rupee against the US Dollar. Consequently, the Bank recorded
a loss of Rs. 1.2 Bn for Q1 2019 under the other operating income category.
Operating expenses
The Bank’s operating expenses, which amounted to Rs 4.7 Bn in 1Q 2018, increased to Rs 5.1 Bn
during the period under review, reflecting a YoY increase of 9.9%. Higher personnel expenses
triggered by salary increments and an increase in other operating expenses driven by business
expansion together with inflation-led general price hikes were the main reasons for the aforesaid cost
escalation. Consequently the cost-to-income ratio excluding DRL, VAT & NBT on financial services
show a marginal increase of 0.1% from 39.5% in 1Q 2018 to 39.6% in 1Q 2019.
Impairment charge on loans and receivables
Highly volatile economic and political conditions prevailing in the country affected many key
economic sectors since 2018. This trend continued in 2019 as well, undermining the financial
performance of many businesses. Consequently, non-performing advances of all banks including
Sampath Bank which was on the rise throughout 2018 continued to further increase in Q1 2019 as well.
As a result, Sampath Bank’s NPA increased to 4.87% in Q1 2019 from 3.69% reported as at 31st
December 2018. Despite the challenging conditions however, the Bank was able to control the growth
of non-performing advances by taking proactive measures throughout the period.
As a result of increase in non-performing advances, impairment charge of individually significant
customers increased from Rs 0.5 Bn in Q1 2018 to Rs 1.5 Bn in Q1 2019. The collective impairment
charge also increased to Rs 1.8 Bn in Q1 2019 compared to Rs 1.4 Bn recorded in Q1 2018, this is
mainly due to aforementioned portfolio deterioration.
Tax expenses
The Bank recorded a total tax charge of Rs 2.2 Bn for the Q1 2019 which is 50% of the operating profit
before taxes on Financial Services (including Debt Repayment Levy of Rs 485 Mn). The Government
has removed most of the tax concessions previously enjoyed by the banking industry via the new Inland
Revenue Act that came into effect on 1
st April 2018 and even thereafter continued to introduce new
taxes such as Debt Repayment Levy in October 2018. As a result, the Bank was liable to pay
substantially higher amount of taxes in Q1 2019 compared with previous quarters despite the tax
reversal on account of new exemption granted on SLDB interest income with retrospective effect.
Business growth
Sampath Bank’s total asset base stood at Rs 911 Bn as at 31st March 2019 (Rs 914 Bn as at 31st
December 2018). Gross loans & receivables from other customers recorded a marginal growth of 0.9%
(annualized 3.6%) during the period by moving up to Rs 674 Bn as at 31st March 2019 (up by Rs 6 Bn
from the position reported as at 31st December 2018). Deposit from other customers too increased by
Rs 5.2 Bn, recording a marginal growth of 0.8% (annualized 3.2%) during this period to touch Rs 696
Bn as at the reporting date. The CASA ratio as at 31st March 2019 stood at 33.5%, recording a slight
improvement compared to the position as at 31st December 2018 (33.4%).
Performance ratios
Return on Assets (ROA) before income tax for Q1 2019 declined to 1.27% compared to 2.13% reported
in 2018 and Return on Equity (ROE) after income tax also declined, from 16.02% as at 31st December
2018 to 10.38% in Q1 2019. The reduction in these ratios is the result of lower profitability coupled
with a 31% increase in the average equity base as a result of rights issue in April 2018. The Statutory
Liquid Asset Ratio (SLAR) for the Domestic Banking Unit and the Off-Shore Banking Unit were both
maintained well above the mandatory requirement of 20% throughout Q1 2019, and ended up at
22.82% and 28.36% respectively as at 31st March 2019.
Capital adequacy
The Bank’s Common Equity Tier I Capital, Tier I Capital and Total Capital Adequacy ratios as at 31st
March 2019 was at 11.72%, 11.72% and 16.19% levels respectively, all well above the minimum
regulatory requirement of 8.5%, 10.0% and 14.0% respectively, applicable as at the reporting date.

244SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu May 16, 2019 11:14 am

Maharaja


Expert
Expert
A company always talk about things to attract people. Fools get attracted !!

I will give a sign for my prediction ;

Company share falls to its rights price before rights. 


Maharaja

245SAMPATH BANK PLC (SAMP.N0000) - Page 12 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu May 16, 2019 12:21 pm

samaritan


Moderator
Moderator
Teller's post in another thread is as follows. I wonder which sector does 'Sampath Bank' belongs to???

@Uaecoindubai wrote:Sri Lanka banking & finance sector has granted approx 300 billion loans,leases for hotel , entertainment sector , just think if the sector negative due to current tragedy disaster ,  repayment is a questionable ???. we will see very negative growth additional to current pressure.


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