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

SAMPATH BANK PLC (SAMP.N0000)

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41SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun Oct 13, 2013 10:10 am

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Just a clarification.....to understand better on FIB levels.
The lines are drawn taking into account the HIGH points & LOW Points. If the prices are below 61.8% this is considered still bearish and once the share is crossing 61.8% you identify the trend has changed and its BULLISH and people would BUY. with slight pull back on selling off.
Assuming the counter moves towards lets say 190rs then usually what happens is that the initial profit taking do occur that could bring the SAMP back to 170-180 levels if you are a trader.
This will give another opportunity to BUY in further driving the Price go above previous HIGH around 190 Smile
for me I will buy few thousands around 170-172 levels with expecting more fall towards 160. where I will accumulate more ....
TAH

42SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun Oct 13, 2013 10:14 am

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
With regard to LSE setting the FIB levels on 0%-100% current 170 price imo could be a Reversal Zone according to Harmonic PP as well Smile
But I would not discount SAMP can come further below.....
Good Luck...

As a longterm investor you could BUY few now and wait for a possible dip should it come your way Smile

43SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun Oct 13, 2013 10:43 am

pathfinder


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
SAMP has  reached 76.4% fib level and nicely held at 170.
Next level will be decided by the sep Q report,if it is bad share price may test the previous low of 148

Increased share volume and crossings in past few days is a hint that Sep Q is not that bad.

since 1st Oct
RSI is moving from 33 to 45  indicating buying has increased.
ADX down from 44 to 29  showing ongoing down trend is reversing.
MACD has crossed below and moving up.
So possibility of testing 61.8% [184] in coming weeks is high.

SAMPATH BANK PLC (SAMP.N0000) - Page 3 Sampat10

44SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun Oct 13, 2013 2:07 pm

LSE


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Friends,

This is not a Buy Recommendation. I've just added this graph to show you about the current trading pattern of the Sampath Bank. Weekly the RSI is reversing back from the bottom and MACD also showing a clear reversal pattern at the current level.  Continuous Buying pattern  with high volumes indicating a possible uptrend withing the next few days.

About the Doji Candlestick formation at the bottom of this graph,

The Doji is a powerful Candlestick formation, signifying indecision between bulls and bears. A Doji is quite often found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction, but the Doji can be viewed as a continuation pattern as well.

http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Doji.html

@LSE wrote:Fibonacci Retracements

Trend Started Date  - 01 Oct 2013
Trend Started Price - 169.80


0.00%  - 169.80 --->> Pass
23.6% - 177.91 --->> Pending
38.2%   - 183.03
50.0%   - 187.18
61.8%   - 191.32
76.4%   - 196.44
161.8% - 226.41
261.8% - 261.50
423.6% - 318.28


History - Weekly


SAMPATH BANK PLC (SAMP.N0000) - Page 3 Sampat10

45SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 14, 2013 12:16 am

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
SAMP.N Had a Good look at the share......
IMO this will go down more...
Who can tell the reversal price with a variation of Rs.+-5/-. Smile

46SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 14, 2013 6:36 pm

pathfinder

pathfinder
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@traderathome wrote:SAMP.N Had a Good look at the share......
IMO this will go down more...
Who can tell the reversal price with a variation of Rs.+-5/-. Smile
Rs.170 Wink

47SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 14, 2013 7:13 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
151 Very Happy 

48SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 14, 2013 9:22 pm

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
What I feel is it has already reversed and you won't be seen 170 again.

49SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Oct 15, 2013 10:33 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@LSE wrote:Friends,

This is not a Buy Recommendation. I've just added this graph to show you about the current trading pattern of the Sampath Bank. Weekly the RSI is reversing back from the bottom and MACD also showing a clear reversal pattern at the current level.  Continuous Buying pattern  with high volumes indicating a possible uptrend withing the next few days.

About the Doji Candlestick formation at the bottom of this graph,

The Doji is a powerful Candlestick formation, signifying indecision between bulls and bears. A Doji is quite often found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction, but the Doji can be viewed as a continuation pattern as well.

http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Doji.html

@LSE wrote:Fibonacci Retracements

Trend Started Date  - 01 Oct 2013
Trend Started Price - 169.80


0.00%  - 169.80 --->> Pass
23.6% - 177.91 --->> Pending
38.2%   - 183.03
50.0%   - 187.18
61.8%   - 191.32
76.4%   - 196.44
161.8% - 226.41
261.8% - 261.50
423.6% - 318.28


History - Weekly


SAMPATH BANK PLC (SAMP.N0000) - Page 3 Sampat10
Now Treading at 176.00

50SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Oct 15, 2013 10:37 am

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
@dhanurrox wrote:What I feel is it has already reversed and you won't be seen 170 again.
Wink Wink 

51SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Oct 15, 2013 10:55 am

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
good news selling get absorbed. crossing at 175 and support is lifting to 175 levels. Can we see new level around 180's? Cool

52SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Oct 18, 2013 6:58 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kalum wrote:good news selling get absorbed. crossing at 175 and support is lifting to 175 levels. Can we see new level around 180's? Cool
YES bounce bounce bounce

@LSE wrote:
Fibonacci Retracements

Trend Started Date  - 01 Oct 2013
Trend Started Price - 169.80


0.00%  - 169.80 --->> Pass
23.6% - 177.91 --->> Pass
38.2%   - 183.03 --->> Pending
50.0%   - 187.18
61.8%   - 191.32
76.4%   - 196.44
161.8% - 226.41
261.8% - 261.50
423.6% - 318.28

53SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 21, 2013 2:00 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Note :
This is not a Buy Recommendation. For your information.

12 month price targets for Sampath Bank Limited have a median target of 254.50, with a high estimate of 255.00 and a low estimate of 254.00. The median estimate represents a 42.50% increase from the last price of 178.60

http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=SAMP.N0000:CSE

54SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 21, 2013 4:48 pm

K.Haputantri

K.Haputantri
Co-Admin
Thanks for sharing LSE.

55SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sat Nov 02, 2013 7:39 am

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@traderathome wrote:151 Very Happy 
Sampath dipping again. Is it a sign that quarter reports are not going to be good ????

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sampath bank 9 months ended operational results are out with positive bottom line. It is 27.8% increase of profit with 27.55 of EPS from 21.56 comparing to corresponding period. SAMP has done well considering tough challenges in banking sector. Low volume of treasury operations has kept SAMP on top position among others. SAMP is an undervalued counter under current market conditions. SAMP with high net asset value would be more attractive & profitable as mid to long term investment.

57SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Nov 16, 2015 2:52 pm

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
most undervalued banking share in the CSE. Hopefully another good qtr will push this towards 36+EPS.

I expect some sought of a big scrip dividend in march.

58SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Nov 16, 2015 3:17 pm

raider


Manager - Equity Analytics
Manager - Equity Analytics
@capitallinkceylon wrote:most undervalued banking share in the CSE. Hopefully another good qtr will push this towards 36+EPS.

I expect some sought of a big scrip dividend in march.  
Don't think they can go beyond an EPS of Rs. 35.00. But yes, a decent script dividend is definitely on the table.

This counter is very much undervalued and full of potential. Will definitely be a huge hit in FY16.

59SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Nov 16, 2015 3:35 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Sampath & HNB has shown growth because of low provisioning. COMB is very conservative, they have taken large provision in excess of 1 billion.
All banks had a bad quarter, they will suffer more if international trade slow, local environment is tough

60SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Nov 16, 2015 4:16 pm

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Raider if they achieve same last qtr eps with marginal growth in profitability, then they can easily achieve 36 EPS

61SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Nov 16, 2015 4:25 pm

raider


Manager - Equity Analytics
Manager - Equity Analytics
SGT impact of Rs. 784 mil which translates into a Rs. 4.50 impact on EPS.

I was thinking if they achieve 30% growth over last quarter, EPS will be 10.40-4.50=5.90. Therefore, annual EPS will be around 35. 

But who knows what else could happen.

62SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Nov 17, 2015 6:05 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@raider wrote:SGT impact of Rs. 784 mil which translates into a Rs. 4.50 impact on EPS.

I was thinking if they achieve 30% growth over last quarter, EPS will be 10.40-4.50=5.90. Therefore, annual EPS will be around 35. 

But who knows what else could happen.
 I thought they were to adjust the SGT payment from the reserves and not to touch on the present EPS. Please correct me if I am wrong.

63SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Nov 17, 2015 8:01 am

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@glad you're correct, SGTpayment is done from the reserves. It doesn't impact the pnl.

I was reading the NDB article on daily ft and it clearly states how SGT will be charged.

64SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Nov 17, 2015 8:40 am

raider


Manager - Equity Analytics
Manager - Equity Analytics
Yes, the NDB article does say it is charged from reserves.

In that case, SAMP will definitely hit an EPS well above 36, maybe 39 even.

However, SGT is still a loss to the shareholder.

65SAMPATH BANK PLC (SAMP.N0000) - Page 3 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Nov 17, 2015 10:15 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Another point is once the SGT is settled from reserves the net equity decreases. Is it not increasing the ROE (return of equity = Net profit / Equity) of SAMP? This is similar to the outcome of capital reduction of an entity. 
ROE is one of major performance measures all stakeholders are looking for.

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