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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Undervalued Stocks

Undervalued Stocks

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1undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Fri Dec 11, 2020 6:05 pm

Dilendra23


Senior Equity Analytic
Senior Equity Analytic
I heavily believe many banks and finance institutions are undervalued after the covid 19 effect would be great for long term investing along with the poultry, farming and milk food productions sector with the governments concessions for 5 years to come....

judecroos likes this post

2undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Sat Dec 14, 2019 6:43 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This negativity in not only about the stock market but also about most other aspects in Sri Lanka is whats bringing us down. The pp bringing in this negativity dont have a factual reason either.. It's them saying, "because we have been like this all this time, we will continue to be the same in the future".. Realise the changes in the Fundamentals when your doing doing your technical analysis.. Solid Fundamentals override the technicals, and large investors use technicals to get cues to time their investments when the fundamentals are in place

3undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Sat Dec 14, 2019 4:38 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@Promoney wrote:How can a market with a PER of 10.8 and PBV of 1.1 be an overvalued market. Well diversified companies with a EPS over 15% are trading at less than 60% of the net assest value. With a stable Gov in place, its only a matter of time till large foreign funds eye Sri Lanka.
Exactly. Someone can say Market is not good due to other reasons such as high debt ratio, unstable Govt, Loss making SOE's, Small size etc and we can keep quiet.. But if they tell market is overvalued- that we have to contest... Its not... by any standard. Even at 7000. But market will not run up freely and may not even go past 6500 in 2020. Still that does not mean market is overvalued...

4undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Sat Dec 14, 2019 3:17 pm

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
A foreign index fund may come to Srilanka but I assume not within six months time  "Michael Burry" has predicted a stock bubble created by index funds. so who knows what will happen 2020. you can see it when you see USA all index going up continuously with very high PE ratio. 

Please, guys, look at everything and, do not believe anyone everyone has there opinion about the market. do your homework and invest carefully.

5undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Sat Dec 14, 2019 3:02 pm

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
This market only goes up by dumping EPF fund to the market there is no other way different people have a different view. some people have a very optimistic opinion of the political situation.

yes, they will dump the EPF fund to the market and market go up as they have done previously. but who knows it depends on the central bank governor. Ajith Cabral may do, But good quality governer will not destroy the EPF fund. 
we cant say the market is undervalued by PE ratio or netbook values then ASI 7000 also undervalued
Recently I got EFP statement they only pay 9% interest. Think both governments how much they destroy the fund. One government destroy the fund by investing crap shares other goverment distroy fund by WHT tax.

6undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Sat Dec 14, 2019 2:47 pm

st clair's

st clair's
Equity Analytic
Equity Analytic
@roshan1039 wrote:
@Promoney wrote:How can a market with a PER of 10.8 and PBV of 1.1 be an overvalued market. Well diversified companies with a EPS over 15% are trading at less than 60% of the net assest value. With a stable Gov in place, its only a matter of time till large foreign funds eye Sri Lanka.
Don't trust these jokers they are from UNP
At the moment market is very attractive
we can see within next 6 months where will this go
That time they will cry
In 2020 ASI will pass 7000

“Do not trust anyone blindly, people you meet with you only for their own sake and interest”

7undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Sat Dec 14, 2019 1:09 pm

roshan1039


Moderator
Moderator
@Promoney wrote:How can a market with a PER of 10.8 and PBV of 1.1 be an overvalued market. Well diversified companies with a EPS over 15% are trading at less than 60% of the net assest value. With a stable Gov in place, its only a matter of time till large foreign funds eye Sri Lanka.
Don't trust these jokers they are from UNP
At the moment market is very attractive
we can see within next 6 months where will this go
That time they will cry
In 2020 ASI will pass 7000

8undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Sat Dec 14, 2019 12:57 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
How can a market with a PER of 10.8 and PBV of 1.1 be an overvalued market. Well diversified companies with a EPS over 15% are trading at less than 60% of the net assest value. With a stable Gov in place, its only a matter of time till large foreign funds eye Sri Lanka.

9undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Sat Dec 14, 2019 12:37 pm

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kasun_gimhana wrote:@KavinduTM I think shares are overvalued and stay away from the market. I got my money and gave loan to someone with 4% interest per month with a land mortgage. it will give more than 48% annualised return. I listen to teller and sold stock holdings it is good but I listen to teller and did not buy debentures issued by soft logic capital, That was my mistake. then considerable amount put in 15% fixed deposit. Rest of the money plan to buy virtual gold or invest in NDB wealth fund. (I think there will be huge inflation, protect your net asset). I have a loan to finance so I need fixed return 90% my investments are financed by a loan.
THAT MEANS YOU HAVE LEFT THE MARKET.GL

10undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Sat Dec 14, 2019 1:06 am

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
@KavinduTM I think shares are overvalued and stay away from the market. I got my money and gave loan to someone with 4% interest per month with a land mortgage. it will give more than 48% annualised return. I listen to teller and sold stock holdings it is good but I listen to teller and did not buy debentures issued by soft logic capital, That was my mistake. then considerable amount put in 15% fixed deposit. Rest of the money plan to buy virtual gold or invest in NDB wealth fund. (I think there will be huge inflation, protect your net asset). I have a loan to finance so I need fixed return 90% my investments are financed by a loan.

11undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Fri Dec 13, 2019 11:00 pm

KavinduTM

KavinduTM
Vice President - Equity Analytics
Vice President - Equity Analytics
Actually have you guys upgraded to Gold account in CSE or is there any other method to get those all info such as trading info for last few years.

Investing.com isn't 100% Accurate Neutral

12undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Fri Dec 13, 2019 10:56 pm

KavinduTM

KavinduTM
Vice President - Equity Analytics
Vice President - Equity Analytics
@kasun_gimhana Hi Whats going on? Did u invest again or waiting for the right time?

13undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Fri Dec 13, 2019 10:30 pm

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics
@NANDANA2012 wrote:
@Teller wrote:Dont do the valuation based on the Net asset value for a share. There is a formula along with cashfolw.  Thats scientific formula says nearly 80% companies are over value in CSE

Yes, I dont use only Net Assets, but if a share price is below 10 times Price Earnings and also that multiplication is below its Net assets value, I consider that share is undervalued..(Actually many Other share marjets have a PE 15 or above, whereas ours is still at PE 11) there are many other futuristic scenarios also. BUT Net Assets combined with Earnings into 10 is the best, I guess.

I think it is not very correct to judged stocks below P/E 10 as undervalued. We need to compare against respective sector P/E. If the stock is very much below the sector P/E, it is mostly an undervalued stock. At the same time may be looked at Dividend Yield and P/BV as well.

14undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Fri Dec 13, 2019 11:05 am

grape101

grape101
Stock Analytic
Stock Analytic
Undervalued stocks based on price to book need to get rerated at least to 0.80 times book. Earning will matter after that.  Enjoy investing by valuation Very Happy

15undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Thu Dec 12, 2019 7:14 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@Kaish86 wrote:Banks mentioned here are yet to raise their minimum capital. Look at their balance sheet. More share issue means eps and share price will go down. The way bank raise rates and marketing for deposit indicates how bad they need deposit. But they cant raise rates on loans. Interst margins of banks will fall further. Their may be a temporary hike. But definitely its not the sustainable price
Ok Kaish, What are the Banks yet to raise more capital? yes, banks need more deposits as more loans are in demand..Loan growth slowed down last few quarters, but with interest rate cut (Before New Govt came) Loan demand started growing again....

16undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Thu Dec 12, 2019 6:59 pm

Kaish86


Manager - Equity Analytics
Manager - Equity Analytics
Banks mentioned here are yet to raise their minimum capital. Look at their balance sheet. More share issue means eps and share price will go down. The way bank raise rates and marketing for deposit indicates how bad they need deposit. But they cant raise rates on loans. Interst margins of banks will fall further. Their may be a temporary hike. But definitely its not the sustainable price

17undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Thu Dec 12, 2019 6:53 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@Kaish86 wrote:Dont go for banking shares. Their books doesn't reflect actual npa status. Expected low interest rate margins will shrink their profit. Govt asking banks to give moratarium on tourism and sme  resulting in cash being trapped. To adhere minimum capital requirements they are mandatorily required to raise capital in 2020. They will show inflated share prices to raise capital. For me future outlook negative for bank shares
Banks 7% Tax (Debt Recovery Levy) on profit getting removed, more loans (More sales), less Non performing loans, then reversal of earlier loans provisioned (With better recoveries) will give Banks triple positive effect, while interest rate going down will be only a slight issue..

18undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Thu Dec 12, 2019 6:48 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@Kaish86 wrote:Dont go for banking shares. Their books doesn't reflect actual npa status. Expected low interest rate margins will shrink their profit. Govt asking banks to give moratarium on tourism and sme  resulting in cash being trapped. To adhere minimum capital requirements they are mandatorily required to raise capital in 2020. They will show inflated share prices to raise capital. For me future outlook negative for bank shares
Almost all Banks raised more capital as required by BASEL111. Do they have to do it every year ???

19undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Thu Dec 12, 2019 5:53 pm

Teller

Teller
Moderator
Moderator
@kais, agree with you 100%, there will be so many debentures,right issues, exaple Abans debentures, Softlogic, etc..right issue will kill the share price. Remember i told BFN Earlier

20undervalued - Undervalued Stocks  Empty Re: Undervalued Stocks on Thu Dec 12, 2019 5:51 pm

Kaish86


Manager - Equity Analytics
Manager - Equity Analytics
Dont go for banking shares. Their books doesn't reflect actual npa status. Expected low interest rate margins will shrink their profit. Govt asking banks to give moratarium on tourism and sme resulting in cash being trapped. To adhere minimum capital requirements they are mandatorily required to raise capital in 2020. They will show inflated share prices to raise capital. For me future outlook negative for bank shares

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