COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)

EquityChamp · 21 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Aug 02, 2016 11:21 am

EquityChamp

Moderator

Posts : 4068
Join date : 2014-11-05

Commercial bank has strongly held its support levels at 130 though temporarily it fell below that. Even this challenging environment where profit grpwth seems absolutely challenging the price remain solid.
I think it is not a wonder if this jump up to 150 in the event that ASPI resumes its disrupted bull run.

What a stock to have in any one's portfolio.

Mrs Kudabadu Kularthnae · 22 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Aug 02, 2016 9:57 pm

Mrs Kudabadu Kularthnae

Stock Analytic

Posts : 18
Join date : 2016-07-24

Hmmm..i recently bought combank and Sampath..thanks to all memebers who advice me..

EquityChamp · 23 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Wed Aug 31, 2016 9:35 pm

EquityChamp

Moderator

Posts : 4068
Join date : 2014-11-05

Commercial Bank has shown a steady rooting now. Standing strong around 140/-. It moved from 130 levels but there are lot of value still to be realised. You should look at this stock very seriously.

Brinthan · 24 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Wed Sep 14, 2016 6:55 pm

Brinthan

Senior Manager - Equity Analytics

Posts : 330
Join date : 2015-12-29

Short term target Rs.150/- and its 100% risk free...

EquityChamp · 25 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Sep 16, 2016 4:00 pm

EquityChamp

Moderator

Posts : 4068
Join date : 2014-11-05

COMB has moved up to 142 even the ASPI is bearish. So in medium term this stock should deliver good returns to prudent investors. All what I have said in this entire thread is becoming a reality. Keep your hopes guys and gals.

Good luck.

Mrs Kudabadu Kularthnae · 26 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Sat Sep 24, 2016 4:57 pm

Mrs Kudabadu Kularthnae

Stock Analytic

Posts : 18
Equity Stars : 2846
Reputation : 0
Join date : 2016-07-24

what is the expectation of comb samp this quarter?
please let me how about LCEM during this port city development? all constructive shares moving..

kumarweerarathne · 27 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Sat Sep 24, 2016 10:46 pm

kumarweerarathne

Assistant Vice President - Equity Analytics

Posts : 885
Equity Stars : 5648
Reputation : 32
Join date : 2011-09-08

This is about # COMB , :-) anyway TOKYO is the eligible supplier as largest cement manufacturer with quality standards for portcity.

anges · 28 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon Sep 26, 2016 8:26 pm

anges

Assistant Vice President - Equity Analytics

Posts : 749
Equity Stars : 5028
Reputation : 25
Join date : 2012-12-04

good stock was around rs 190 before ! gradually moving towards to those levels ! buy now sell later ! patience is the name of the game

Brinthan · 29 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon Oct 03, 2016 7:40 pm

Brinthan

Senior Manager - Equity Analytics

Posts : 330
Equity Stars : 3418
Reputation : 14
Join date : 2015-12-29
Age : 107
Location : Srilanka

Brinthan wrote:Short term target Rs.150/- and its 100% risk free...

Today close around 147 ...Now we can expect it will touch 150 before end of this week...

nimantha80 · 30 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon Oct 03, 2016 9:07 pm

nimantha80

Senior Vice President - Equity Analytics

Posts : 2348
Equity Stars : 8157
Reputation : 49
Join date : 2012-10-12

today went up bit too much for me

Brinthan · 31 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Oct 07, 2016 6:41 pm

Brinthan

Senior Manager - Equity Analytics

Posts : 330
Equity Stars : 3418
Reputation : 14
Join date : 2015-12-29
Age : 107
Location : Srilanka

Brinthan wrote:

Brinthan wrote:Short term target Rs.150/- and its 100% risk free...

Today close around 147 ...Now we can expect it will touch 150 before end of this week...

Wowwww...It touch 150 today....☺

Brinthan · 32 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Oct 11, 2016 7:03 pm

Brinthan

Senior Manager - Equity Analytics

Posts : 330
Equity Stars : 3418
Reputation : 14
Join date : 2015-12-29
Age : 107
Location : Srilanka

Next target will be 165/- in short term...It also can achieve very short time...One of the Risk free share @ the moment...

nimantha80 · 33 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Oct 11, 2016 7:11 pm

nimantha80

Senior Vice President - Equity Analytics

Posts : 2348
Equity Stars : 8157
Reputation : 49
Join date : 2012-10-12

keep an eye on HNB.More to come

EquityChamp · 34 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Nov 08, 2016 10:22 am

EquityChamp

Moderator

Posts : 4068
Equity Stars : 15411
Reputation : 1014
Join date : 2014-11-05

You can expect COMB Q3 result by this Friday or next Monday. Expecting a YoY PAT growth of 15%-20% for this quarter. Plus foreign investors have been bullish on COMB once again. In the 1st half we saw a decline in foreign holdings by 26Mn shares but from July to date the foreign holdings gone up by 9Mn shares. The trend is very positive for the biggest listed bank in Sri Lanka.

EquityChamp · 35 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Nov 11, 2016 4:37 pm

EquityChamp

Moderator

Posts : 4068
Equity Stars : 15411
Reputation : 1014
Join date : 2014-11-05

Hay, look at this result. They have earned 10.1Bn for 9 months. I am dead sure that they are going to achieve 14Bn PAT for 2016 and will beat my original estimation of 12.7Bn.

COMB.N is currently trading at a forward PE of 9.4x with projected EPS of Rs15.7. This is trading at a discount of 30% to market. I am rating this as an A++ investment stock for mid term investors.

Thanks

omegaplus · 36 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Nov 11, 2016 6:15 pm

omegaplus

Manager - Equity Analytics

Posts : 299
Equity Stars : 3887
Reputation : 4
Join date : 2014-09-29

EquityChamp wrote:Hay, look at this result. They have earned 10.1Bn for 9 months. I am dead sure that they are going to achieve 14Bn PAT for 2016 and will beat my original estimation of 12.7Bn.

COMB.N is currently trading at a forward PE of 9.4x with projected EPS of Rs15.7. This is trading at a discount of 30% to market. I am rating this as an A++ investment stock for mid term investors.

Thanks

Good prediction and it's a winning stock. Although for me , I bought some at higher prices late 2014 :-(

lokka1 · 37 COMB BANK RIGHTS ISSUE Wed Jun 21, 2017 10:48 am

lokka1

Manager - Equity Analytics

Posts : 132
Equity Stars : 5065
Reputation : 8
Join date : 2011-02-16

Just found out that those who applied for extra non- voting shares will get the first 400 plus about 32% of the shares held on May 19th date. Refunds will be made on June 29th.
Lokka1

Top Trader · 38 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Wed Jun 21, 2017 3:30 pm

Top Trader

Senior Manager - Equity Analytics

Posts : 383
Equity Stars : 5160
Reputation : 16
Join date : 2014-03-06

What about Voting?

lokka1 · 39 Comb Rights Voting Shares Fri Jun 23, 2017 1:49 pm

lokka1

Manager - Equity Analytics

Posts : 132
Equity Stars : 5065
Reputation : 8
Join date : 2011-02-16

You will get the first 1500 plus 0.81% of what you had on May 19th.
Lokka1

Top Trader · 40 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Jun 23, 2017 3:11 pm

Top Trader

Senior Manager - Equity Analytics

Posts : 383
Equity Stars : 5160
Reputation : 16
Join date : 2014-03-06

Thanks for the infor

Teller · 41 COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon May 27, 2019 4:23 pm

Teller

Moderator

Posts : 5640
Equity Stars : 17112
Reputation : 232
Join date : 2013-06-25
Location : Abhudhabi

Profits at Commercial Bank of Ceylon, Sri Lanka's largest private bank by assets, fell 23 percent to 3.129 billion rupees in the March 2019 quarter from a year earlier, as credit contracted, bad loans grew and a new tax hit profits, interim accounts showed.

The group reported earnings of 3.05 rupees per share for the quarter down 25 percent.

Interest income grew 13.8 percent to 31.97 billion rupees interest in the quarter ended March 2019 from a year earlier, expense grew at a faster 16.07 percent to 19.95 billion rupees and net interest income grew at a slower 10.4 percent to 12.1 billion rupees.

Loans and advances contracted to 861 billion rupees from 867 billion rupees from three months earlier.

Cash balances grew 15.4 percent to 51.8 billion rupees and interbank loans grew 41 percent to 28.1 billion rupees.

Chief executive S Renganathan said the bank followed a "more cautious approach in expanding its advances portfolio" amid "challenging economic conditions."

"Despite the decline in advances, I am happy to say that the Bank has continued to support the SME sector, as reflected in the satisfactory growth of this portfolio during the quarter," he said.

Loan losses grew 68 percent to 1.89 billion rupees in the quarter from 1.126 billion rupees a year earlier.

At bank level the gross non performing loan ratio rose to 4.14 percent from 3.24 percent.

Total capital adequacy fell to 15.1 percent from 15.6 percent, but is higher than the minimum 14 percent.

Sri Lanka has seen monetary instability due to the operation of a soft-pegged exchange regime with real effective exchange rate targeting, which led to a collapse of the currency, killing an economic recovery, which was worsened by a political crisis in the last quarter of 2018.

Fee and commission income grew 2.5 percent 2.93 billion rupees.

Financial sector value added tax, nation building tax and a new debt repayment tax rose 39 percent to 1.78 billion rupees.

The bank grew deposits 3.14 percent during the quarter to 1,025 billion rupees, as credit contracted.

When a country recovers from a balance of payments trouble, deposits at bank grow faster than loans, while during a currency crisis, loans will growth with printed money from term reserve repurchase injections from the central bank or its outright treasury bill purchases.

The when banks or other savers buy Treasury bills previously held by the central bank, the currency strengthens, imports and economic activity falls and a balance of payments surplus is generated.

Total assets grew 1.78 percent to 1,221 billion rupees during the quarter. Net assets grew 0.73 percent to 121.4 billion rupees

Udakara · 42 what happend to COMB Sat Oct 12, 2019 10:40 am

Udakara

Stock Trader

Posts : 7
Equity Stars : 1684
Reputation : 0
Join date : 2019-09-22

Will it up or down.pls put ur valuable opinion here

ddrperera · 43 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Sat Oct 12, 2019 7:38 pm

ddrperera

Vice President - Equity Analytics

Posts : 1028
Equity Stars : 7224
Reputation : 22
Join date : 2011-07-13
Age : 38

Udakara wrote:Will it up or down.pls put ur valuable opinion here

1.foreign party bulk selling.
2.MTD Walkers court case
3.NPL

kumarweerarathne · 44 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Sat Oct 12, 2019 7:43 pm

kumarweerarathne

Assistant Vice President - Equity Analytics

Posts : 885
Equity Stars : 5648
Reputation : 32
Join date : 2011-09-08

I shifted to SAMP & HNB , Comb seems can not hold da ground.. but long term its a good choice

dhaneenja · 45 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon Oct 14, 2019 10:12 am

dhaneenja

Equity Analytic

Posts : 26
Equity Stars : 1703
Reputation : 0
Join date : 2019-09-24

ddrperera wrote:

Udakara wrote:Will it up or down.pls put ur valuable opinion here

1.foreign party bulk selling.
2.MTD Walkers court case
3.NPL

3.NPL ( මෙ කියන්නේ මොකක්ද? )

sandamal · 46 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 10:38 am

sandamal

Senior Equity Analytic

Posts : 88
Equity Stars : 4781
Reputation : 0
Join date : 2011-06-26

dhaneenja wrote:

ddrperera wrote:

Udakara wrote:Will it up or down.pls put ur valuable opinion here

1.foreign party bulk selling.
2.MTD Walkers court case
3.NPL

3.NPL ( මෙ කියන්නේ මොකක්ද? )

from google

nonperforming loan (NPL) is a sum of borrowed money upon which the debtor has not made the scheduled payments for a specified period.

මං හිතන්නෙ බොල් ණය silent

Teller · 47 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 12:03 pm

Teller

Moderator

Posts : 5640
Equity Stars : 17112
Reputation : 232
Join date : 2013-06-25
Location : Abhudhabi

Combank future is not brilliant.

ThilinaM · 48 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 12:46 pm

ThilinaM

Vice President - Equity Analytics

Posts : 1086
Equity Stars : 3202
Reputation : 27
Join date : 2019-06-20
Location : colombo

Agree .i think combank is too big to grow fast. that is good for high netwoth investors when there is crash and get out when recover since there is good liquidity.

Arrowrisk · 49 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 12:59 pm

Arrowrisk

Manager - Equity Analytics

Posts : 193
Equity Stars : 2747
Reputation : 9
Join date : 2017-05-12

Teller wrote:Combank future is not brilliant.

Will it affects the customers of Combank....? Shocked

kasun_gimhana · 50 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 8:21 pm

kasun_gimhana

Manager - Equity Analytics

Posts : 218
Equity Stars : 1857
Reputation : 6
Join date : 2019-11-04

icici and axis banks closed their operation in Sri Lanka and CBSL aproved it. anybody know the reason behind this ???

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)

21 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Aug 02, 2016 11:21 am

EquityChamp

22 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Aug 02, 2016 9:57 pm

Mrs Kudabadu Kularthnae

23 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Wed Aug 31, 2016 9:35 pm

EquityChamp

24 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Wed Sep 14, 2016 6:55 pm

Brinthan

25 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Sep 16, 2016 4:00 pm

EquityChamp

26 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Sat Sep 24, 2016 4:57 pm

Mrs Kudabadu Kularthnae

27 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Sat Sep 24, 2016 10:46 pm

kumarweerarathne

28 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon Sep 26, 2016 8:26 pm

anges

29 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon Oct 03, 2016 7:40 pm

Brinthan

30 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon Oct 03, 2016 9:07 pm

nimantha80

31 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Oct 07, 2016 6:41 pm

Brinthan

32 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Oct 11, 2016 7:03 pm

Brinthan

33 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Oct 11, 2016 7:11 pm

nimantha80

34 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Tue Nov 08, 2016 10:22 am

EquityChamp

35 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Nov 11, 2016 4:37 pm

EquityChamp

36 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Nov 11, 2016 6:15 pm

omegaplus

37 COMB BANK RIGHTS ISSUE Wed Jun 21, 2017 10:48 am

lokka1

38 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Wed Jun 21, 2017 3:30 pm

Top Trader

39 Comb Rights Voting Shares Fri Jun 23, 2017 1:49 pm

lokka1

40 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Fri Jun 23, 2017 3:11 pm

Top Trader

41 COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon May 27, 2019 4:23 pm

Teller

42 what happend to COMB Sat Oct 12, 2019 10:40 am

Udakara

43 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Sat Oct 12, 2019 7:38 pm

ddrperera

44 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Sat Oct 12, 2019 7:43 pm

kumarweerarathne

45 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon Oct 14, 2019 10:12 am

dhaneenja

46 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 10:38 am

sandamal

47 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 12:03 pm

Teller

48 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 12:46 pm

ThilinaM

49 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 12:59 pm

Arrowrisk

50 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Thu Jan 02, 2020 8:21 pm

kasun_gimhana

51 Re: COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)

Sponsored content

New topics