THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE

samansilva

samansilva

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All leading banks and finance trading at discount range. look HNB now trading level past 15 years ago price level..People's leasing now trading level past 8 years ago..

same as price level as COMB,NDB,SAMP,NTB,DFCC ,LOLC,LFIN,CFIN NOW ASI WILL REACH TO 6200 STILL VALUE COUNTERS SILENT.. SOME OF TOP 30 COMPANIES AND CONTRIBUTE S&PS SRI LANKA..NEAR FUTURE RELEASE IMPORT RESTRICTIONS OF VEHICLES.. THOSE DIFFICULT ERA LEADING BANKS AND FINANCIALS ARE NOT BAD..LOOK HNB SAME PROFIT RECORDED..

DIVIDEND GRANTED DIFFICULT ERA....THINK AND ANALYSIS.. Rolling Eyes

ddrperera

ddrperera

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@samansilva wrote:All leading banks and finance trading at discount range. look HNB now trading level past 15 years ago price level..People's leasing now trading level past 8 years ago..

same as price level as COMB,NDB,SAMP,NTB,DFCC ,LOLC,LFIN,CFIN NOW ASI WILL REACH TO 6200 STILL VALUE COUNTERS SILENT.. SOME OF TOP 30 COMPANIES AND CONTRIBUTE S&PS SRI LANKA..NEAR FUTURE RELEASE IMPORT RESTRICTIONS OF VEHICLES.. THOSE DIFFICULT ERA LEADING BANKS AND FINANCIALS ARE NOT BAD..LOOK HNB SAME PROFIT RECORDED..

DIVIDEND GRANTED DIFFICULT ERA....THINK AND ANALYSIS..

2020 march PLC price rs 17.80

After corona plc price rs 12 ..IPO price rs 18
eps 2 net asset rs 20 ..top 30 company..continuous dividend paying counter..keep eye on that..

Champ888

Champ888

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Yes. Most of the banks at discounted price.

SAMP, COMB, HNB, DFCC and PLC will have run during this time. Last week there is a good buying side on these counters.

High-flyer

High-flyer

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Yes prices are really attractive when compare to Pre Covid level.

However, have we back to pre covid economy?

Is interest rate is 14% -18%? (Now Below 9%)
Is Credit Card Interest rate is 30% (Now 15%)
Is NPL as around 4.5% (Now 5.4%)

soileconomy

soileconomy

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Location : Nebraska

Two factors worries investors at the moment.
The biggest is the restrictions placed on dividend.
Since bank shares are mostly followed by investors rather than traders as most bank shares are good dividend counters
Due to that reason,we do not see more trades in banking sectors in these days.
Banking shares are more stable and traders do not trade more,compared to other sectors.

Non Performing Advances.
Wait till last quarter results comes out.
If industry level is less than 8% i beleive that it will not be an issue

If Restrictions placed on cash dividend is removed it will trigger the price at once

Value Pick

Value Pick

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All major banks are good for long term & it should be beyond 3year time horizon. Short term people can push this for nothing. Banks's to show YoY or QoQ profits growth they have wait at least another 3years. Once CBSL relax the time given for moratoriums banks will end up with mountain of debts. These days in most of the social media groups people are promoting banks purely for pump & dump. Don't get caught. We have plenty of strong companies that will give you of massive returns in next few months. Surely banks will be winners after 3 years from now.

kasun_gimhana

kasun_gimhana

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All banks need to do Right Issues ... Every right issue LOL... you know what means for the long term...

wealth123

wealth123

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All Banks + Few strong FC's are real Gems.
My Picks.

SAMP
COMB
DFCC
PABC
LFIN
VFIN
PLC

wealth123

wealth123

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@wealth123 wrote:All Banks + Few strong FC's are real Gems.
My Picks.

SAMP
COMB
DFCC
PABC
LFIN
VFIN
PLC

THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Annota10

KingKong

KingKong

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What about NDB? Their last Q results were good noh?
Also what would be the outlook for NBFIs given the vehicle import ban was extended and the housing loan interests capped around 7%?

Last edited by KingKong on Sun Nov 29, 2020 8:38 pm; edited 1 time in total (Reason for editing : Additional concern)

sakuni

sakuni

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Without banks and finance sector ,How reach ASI expected. 7000 level. surely banks and finance sector will run asap..collect those ..PLC dividend on december month.. 10% dividend percentage..

Value Pick

Value Pick

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Banks & financial companies are not allowed to pay dividends until CBSL informs in future due to they have given a chance to delay the loan repayments due from clients due to corona. All these banks are giving profits these days without a cash flow due to more than 50% of their loan books under moratorium period. We can experience millions of bad loans in banks after CBSL curtail relaxation of moratoriums. On top of that now there are ceiling for interest rates for housing/ pawning/ credit card facilities. Super margins enjoyed by the banks will no more going to be there. After hotels banking & financial sector is the biggest hit sector due to COVID. Banks are good for very long term. But why anybody should think such a long term horizon when u have cheap manufacturing sector shares such as TKYO?? But still anybody is interested can buy & hold banks or finance shares & be a spectator for CSE when other shares are flying. If someone is promoting banks or finance share at this time is purely to pump & dump only. Visit quarterly reports of banks which have showed profits growth have not provided improved impairments. Banks which provided improved impairments shows massive drop in profits. It’s simple as that. All banks will report negative growth for this year.

ddrperera

ddrperera

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@Value Pick wrote: Banks & financial companies are not allowed to pay dividends until CBSL informs in future due to they have given a chance to delay the loan repayments due from clients due to corona. All these banks are giving profits these days without a cash flow due to more than 50% of their loan books under moratorium period. We can experience millions of bad loans in banks after CBSL curtail relaxation of moratoriums. On top of that now there are ceiling for interest rates for housing/ pawning/ credit card facilities. Super margins enjoyed by the banks will no more going to be there. After hotels banking & financial sector is the biggest hit sector due to COVID. Banks are good for very long term. But why anybody should think such a long term horizon when u have cheap manufacturing sector shares such as TKYO?? But still anybody is interested can buy & hold banks or finance shares & be a spectator for CSE when other shares are flying. If someone is promoting banks or finance share at this time is purely to pump & dump only. Visit quarterly reports of banks which have showed profits growth have not provided improved impairments. Banks which provided improved impairments shows massive drop in profits. It’s simple as that. All banks will report negative growth for this year.

what ever situation mentioned, most of banks and finance sectors trading at below net assets value.. look worlds market.. sure banks will up..

KingKong

KingKong

Equity Analytic

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@Value Pick wrote: Banks & financial companies are not allowed to pay dividends until CBSL informs in future due to they have given a chance to delay the loan repayments due from clients due to corona. All these banks are giving profits these days without a cash flow due to more than 50% of their loan books under moratorium period. We can experience millions of bad loans in banks after CBSL curtail relaxation of moratoriums. On top of that now there are ceiling for interest rates for housing/ pawning/ credit card facilities. Super margins enjoyed by the banks will no more going to be there. After hotels banking & financial sector is the biggest hit sector due to COVID. Banks are good for very long term. But why anybody should think such a long term horizon when u have cheap manufacturing sector shares such as TKYO?? But still anybody is interested can buy & hold banks or finance shares & be a spectator for CSE when other shares are flying. If someone is promoting banks or finance share at this time is purely to pump & dump only. Visit quarterly reports of banks which have showed profits growth have not provided improved impairments. Banks which provided improved impairments shows massive drop in profits. It’s simple as that. All banks will report negative growth for this year.

Agree with the negative impact of COVID policies on banks. At the same time, investors are allowed to buy long term if they have the capacity to hold. Not everybody has time or peace to keep looking at daily charts and trade.

Many if not all people who are talking way too optimistic, showing so much love advising buy that, but this, are no more than the pyramid scammers trying to ride a rally on others. But one should have his/her own reckoning power to stay away from unhealthy affections.

ddrperera

ddrperera

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Haa dividend ban will released.. Hnb rocket.. Wow.. Next bank and finance collect and enjoy ride..

IDK

IDK

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yeah last 5-10 min. sky rocket..

wealth123

wealth123

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Dividend Payment Restrictions to be removed.

Buy LFIN & VFIN Tomorrow.
I calculated your return THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Icon_biggrin

THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Annota12

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THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE

1 THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Fri Nov 27, 2020 12:54 pm

samansilva

2 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Fri Nov 27, 2020 2:07 pm

ddrperera

3 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Sat Nov 28, 2020 6:04 pm

Champ888

4 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Sat Nov 28, 2020 7:25 pm

High-flyer

5 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Sat Nov 28, 2020 7:46 pm

soileconomy

6 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Sat Nov 28, 2020 10:07 pm

Value Pick

7 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Sat Nov 28, 2020 11:30 pm

kasun_gimhana

8 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Sun Nov 29, 2020 8:39 am

wealth123

9 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Sun Nov 29, 2020 9:02 am

wealth123

10 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Sun Nov 29, 2020 8:33 pm

KingKong

11 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Mon Nov 30, 2020 1:19 am

sakuni

12 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Mon Nov 30, 2020 8:45 am

Value Pick

13 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Mon Nov 30, 2020 11:52 am

ddrperera

14 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Mon Nov 30, 2020 12:02 pm

KingKong

15 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Mon Nov 30, 2020 2:36 pm

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16 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Mon Nov 30, 2020 3:02 pm

IDK

17 Re: THIS TIME WHY YOU HAVE NEED TO SELECT LEADING BANKS AND FINANCE Mon Nov 30, 2020 8:07 pm

wealth123

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