Totally agreed for your opinion.ONTHEMONEY wrote:Hi all,
I view as good investment purely based on NAV.
However, following 4 reasons would kill the earnings potential in next couple of quarters
1. currently interest rate
2. cashflow delay as a result of moratorium facilities
3. asset liability mismatch
4. High Level of NPA resulting increases provisional cover
(Sampath being the best in NPA during 2015~16 @ 1.6% now aro bow around 7% or more which would eventually increase further with moratorium defaults)
So, what i feel is the hit spiked from COVID19 was passed to Banks by the Government and now it is being realized in their financials.
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