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

SAMPATH BANK PLC (SAMP.N0000)

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61SAMPATH BANK PLC (SAMP.N0000) - Page 4 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 4 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 4 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 4 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 4 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.

66SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Nov 17, 2015 10:25 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@worthiness wrote: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.
Ssh, if the govt. gets to know this they will charge more SGT (from the equity) and say it is good for the company.

67SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Nov 17, 2015 10:29 am

raider


Manager - Equity Analytics
Manager - Equity Analytics
@worthiness wrote: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.
It does boost numbers but actually there's a deterioration of shareholder value.

68SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Nov 17, 2015 10:32 am

raider


Manager - Equity Analytics
Manager - Equity Analytics
Anyways, the ROE calculation is arbitrary. So if the bank really is honest to its shareholders, ROE will be calculated with the necessary adjustments.

Also, ROE is calculated using average equity therefore, since SGT impact is only in the last quarter, ROE will only be minimally affected.

69SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Nov 18, 2015 3:02 pm

Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
SAMP has continuously time and tim e agin proved best return provding bank for its share holders, each person should have samp in their portfolio

70SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty SAMP interesting Wed Feb 17, 2016 9:04 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
SAMP trading halt. Will it be Dividend announcement or share split or something else???

71SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 9:19 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
 share splitting with Dividend

72SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 9:24 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If thats true super duper news. Hoping for a news like that

73SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 9:31 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
wait is killing me, 62% of my portfolio is weighted towards SAMP. This will make or break my portfolio.

74SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 9:33 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
1 for 5 ?

75SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 12:14 pm

RiseAndFall


Stock Trader
My exposure to SAMP is quite significant too. I am hoping for some good news.

76SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 12:42 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If it is 1 for 5, what would be adjusted price approximately considering current share price as Rs.230?

77SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 1:13 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If it goes down below 200 then it's bad. If it settles above 200 I'm up on the deal.

78SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 1:15 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What I heard was dividend is worth 12-15. Not sure whether it's full cash dividend or partially given as scrip

79SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 1:24 pm

VALUEPICK

VALUEPICK
Expert
Expert
These top banks should rebound at any time. We should keep under our radar now. Already two months in over in 2016. Only one month to finish first quarter. After three quarters we are in 2017. So it is very close for next trend in stocks.

This in not the end of world for Sri-Lankan banks. Some are gems. There are few hidden gems as well. If we can find one, we can enjoy more than 10 baggrs in the mid and long term. 

How about V-shape recovery in stocks!

80SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 4:09 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
halting trading entire day means announcement is really good or bad. If it's a normal dividend or scrip dividend trade halt will only happen for few hrs before its gets lifted.

81SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 4:32 pm

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
onna badu awa

82SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 4:33 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Disappointed only Rs.12 worth dividend paid out in 6 in cash + scrip

83SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 4:38 pm

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yeah man.

84SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Feb 17, 2016 4:46 pm

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
menna trading halt lift kala kattiya dan buy karanna

85SAMPATH BANK PLC (SAMP.N0000) - Page 4 Empty Sampath Bank PLC - A giant awakening Tue Aug 02, 2016 11:07 pm

EquityChamp

EquityChamp
Moderator
Moderator
Thought of talking a bit of this stock. It has recorded an EPS of 30.5 and 38.4 in FY 2014 & 2015 but traded around Rs230 - Rs240 most of the time. For some reason the earnings have not been properly reflected on the stock price may be due to subdued market conditions.

On the back of this the bank has recorded significant growth in revenue as well as profits in 1H of FY 2016. Based on my assumptions for 2H I worked out a forecast for the FY 2016 as follows.
 201420152016 F
NII  16,781   18,550      23,353
Net fee & commision income    4,259     5,417        6,296
Net operating income  22,606   26,742      32,555
Total operating expenses  12,180   13,962      15,978
PBT    7,247     9,790      12,719
PAT    5,268     6,628        9,388
EPS30.5538.44       53.04
Share price    236.0     248.0        243.8
NAV       179        204 267
This stock will report astonishing earnings growth in excess of 40% this year on the back of interest income growth of 26%.

In terms of valuations the stock is trading @ a forward PE of 4.6x @ todays CMP of 243.8. If just compare with the average PE and PBV ratios clocked by this stock for the last two years the share should adjust to at least Rs357/- in the coming months.

Therefore a clear appreciation potential by at least 40% is visible to me. My advise for you is not to sell your Sampath @ these levels but BUY it now for a two quarter period investment. Sampath will deliver you a great result.

Good luck

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