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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)

COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)

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Mrs Kudabadu Kularthnae


Stock Analytic
Stock Analytic
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


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

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
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


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@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


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
today went up bit too much for me

Brinthan

Brinthan
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@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

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

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
keep an eye on HNB.More to come

EquityChamp

EquityChamp
Moderator
Moderator
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

EquityChamp
Moderator
Moderator
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

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
@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 :-(

37COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) - Page 2 Empty COMB BANK RIGHTS ISSUE Wed Jun 21, 2017 10:48 am

lokka1


Manager - Equity Analytics
Manager - Equity Analytics
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


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
What about Voting?

39COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) - Page 2 Empty Comb Rights Voting Shares Fri Jun 23, 2017 1:49 pm

lokka1


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

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks for the infor

41COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) - Page 2 Empty COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) Mon May 27, 2019 4:23 pm

Teller

Teller
Moderator
Moderator
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

42COMMERCIAL BANK OF CEYLON PLC (COMB.N0000) - Page 2 Empty what happend to COMB Sat Oct 12, 2019 10:40 am

Udakara


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

ddrperera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@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

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I shifted to SAMP & HNB , Comb seems can not hold da ground.. but long term its a good choice

dhaneenja


Equity Analytic
Equity Analytic
@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


Equity Analytic
Equity Analytic
@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

Teller
Moderator
Moderator
Combank future is not brilliant.


_________________




Teller said is said..

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
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

Arrowrisk
Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:Combank future is not brilliant.

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

kasun_gimhana

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

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
And who  will grab their business? Will it be comb

Teller

Teller
Moderator
Moderator
There are 2 fund managers aloso decided to exit and close their operations


_________________




Teller said is said..

Arrowrisk

Arrowrisk
Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:There are 2 fund managers aloso decided to exit and close their operations

Who are they..??

ResearchMan


Senior Equity Analytic
Senior Equity Analytic
1.      A 2 percent Nation Building Tax on domestic goods and services would also be removed.
2.      A debt tax on financial institutions and debt service tax had also been removed.

sandamal


Equity Analytic
Equity Analytic
@ResearchMan wrote:1.      A 2 percent Nation Building Tax on domestic goods and services would also be removed.
2.      A debt tax on financial institutions and debt service tax had also been removed.

Are these positive signs for COMB improvement ? 

will it be a good decision to hold COMB long term purchased @98

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