FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post
Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer

Latest topics

» BANKING SECTOR
by Thushara Ayya Today at 7:14 am

» Prime Residencies IPO. Over Priced?
by madukp Today at 12:37 am

» LLUB=BULL Chevron Lanka Lubricant Target Price Rs 150..
by samansilva Today at 12:21 am

» SL market is gaining it's momentum despite all threats
by madukp Today at 12:18 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by soileconomy Yesterday at 11:20 pm

» AMF will reach its high again?
by Bakka1988 Yesterday at 11:07 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Captain Yesterday at 10:57 pm

» CAUTION FOR THOSE WHO ARE ABOUT TO BUY MORE
by THUWA Yesterday at 9:20 pm

» Daily Foreign Transactions update
by Pradeep90 Yesterday at 9:04 pm

» R I L PROPERTY PLC (RIL.N0000)
by High-flyer Yesterday at 8:25 pm

» Directors' Dealings 17/06/2021
by SAGA Yesterday at 6:01 pm

» L B FINANCE PLC (LFIN.N0000)
by SAGA Yesterday at 5:37 pm

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by Wickyz Yesterday at 5:27 pm

» Top Foreign Tradings today - 17/06/2021
by SAGA Yesterday at 5:23 pm

» ‘‘ඔන්ලයින් හරහා අරක්කු බෙදනවාට මා තරයේ විරුද්ධයි‘‘ - රාජ්‍ය අමාත්‍ය
by Wickyz Yesterday at 12:37 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Eranga87 Yesterday at 11:35 am

» Watch COCR.N
by judecroos Yesterday at 9:17 am

» HATTON NATIONAL BANK PLC
by samansilva Wed Jun 16, 2021 11:14 pm

» LOLC HOLDINGS PLC (LOLC.N0000)
by SAGA Wed Jun 16, 2021 8:57 pm

» Directors' Dealings 16/06/2021
by SAGA Wed Jun 16, 2021 7:33 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute


Submit Post

CHRONICLE ANALYTICS
All Share Index (ASI), S&P, Milanka Price Index (MPI), Moving Averages and all other analytical graphs and charts

Contribute

Twitter Feeds

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » DFCC Bank - Results

DFCC Bank - Results

Go down  Message [Page 1 of 1]

1DFCC Bank - Results Empty DFCC Bank - Results Thu Feb 10, 2011 6:59 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
http://www.cse.lk/cmt/upload_report_file/371_1297338659088.12.2010.pdf

2DFCC Bank - Results Empty Re: DFCC Bank - Results Thu Feb 10, 2011 7:07 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
I want to know if the vardana results are in there as well.

3DFCC Bank - Results Empty Re: DFCC Bank - Results Thu Feb 10, 2011 7:30 pm

econ

econ
Global Moderator
operational profits has decreased for DFCC..

4DFCC Bank - Results Empty Re: DFCC Bank - Results Thu Feb 10, 2011 7:32 pm

Fresher


Moderator
Moderator
if not for the share disposal capital gain.......

5DFCC Bank - Results Empty Re: DFCC Bank - Results Thu Feb 10, 2011 7:36 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
hasn't net interest income gone up.

The other thing i want to know is whether these results are inclusive of the 'vardana' results. because by the end of the year they have to either shed or merge 'vardana'. so it'll be interesting to see if 'vardana' results are in here. because if they merge vardana. and the vardana results are not in here. this share will go up simply because of that.

6DFCC Bank - Results Empty Re: DFCC Bank - Results Thu Feb 10, 2011 7:53 pm

Fresher


Moderator
Moderator
vardhana is included i think

"The combined gross advances of the Bank and the commercial banking subsidiary, DFCC Vardhana Bank Ltd (DVB) increased to Rs 57,376 million, for a growth of 5.pc in the current period"

net interest income up marginally. this is mainly due to the decrease in interest expense on deposits. deposits haven't increased significantly either.

interest income on borrowings show a decline too.

7DFCC Bank - Results Empty Re: DFCC Bank - Results Thu Feb 10, 2011 8:55 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
You have to admire them for being up front about the capital gains. Most companies make an operating loss, then sell some shares or property to cover that loss. Following by an obligatory press release saying how wonderful that company is and how profit has grown by 50%, 100% etc etc.

8DFCC Bank - Results Empty Re: DFCC Bank - Results Thu Feb 10, 2011 8:58 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
DFCC is sitting on a large pile of cash which will eventually be lent out once all these developmental type projects start getting into gear. so for me this is a long term winning stock.

9DFCC Bank - Results Empty DFCC is wonderful Thu Feb 10, 2011 10:53 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Mono, this includes VDB results

We have look at the 3Q results to undertand the post COMB disposal secnario. Interestingly, their profits for the quater has gone up.
Its noteworthy without sahre of assiciate, group profits has gone up to Rs 630mn compared to Rs.566 mn in comparable quarter inclusive of COMB results. This is really impresive isn't it?

Item 3Q2011 3Q2010 g
PAT ( attributable to main) 630 mn 566 mn 11.2%
EPS 2.38 2.14 11.2%

10DFCC Bank - Results Empty Re: DFCC Bank - Results Fri Feb 11, 2011 4:27 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Gaja wrote:http://www.cse.lk/cmt/upload_report_file/371_1297338659088.12.2010.pdf

I would say DFCC is performing quite well and these result are quite good for blue chip large cap of it nature.


Sep Quarter EPS was 3.96/2 ( before bonus) = 1.98
Dec Quarter EPS is 2.38

Thats is 20% growth this quarter. Also COMB is not contributing as much to bottom line. So I would take this a definite improvement for a large cap as DFCC. Their growth won't jump hugely from quarter to quarter unlike a start up Finance company. It is well established.

DFCC is respected Blue Chip over the years which has taken care of it shareholders in the longer term. It has lot of Institution interest as you will see below



1 Bank of Ceylon No.2 A/c. 38,039,994 14.360
2 Sri Lanka Insurance Corporation Ltd-Life Fund 34,423,532 12.990
3 Hatton National Bank PLC A/c No.1 32,109,140 12.120
4 Mr M A Yaseen 22,841,700 8.620
5 Distilleries Company of Sri Lanka Ltd 17,042,856 6.430
6 Seafeld International Ltd 15,286,794 5.770
7 Employee Provident Fund 12,632,200 4.760
8 HSBC Intl NomLtd-BPSS Lux-Aberdeen Global Asia Pacific Equity Fund 12,216,146 4.610
9 Renuka City Hotels Ltd 6,926,870 2.610
10 HSBC Intl Nom Ltd-BPSS LDN-Aberdeen Asia Pacific Fund 6,750,000 2.540
11 HSBC Intl Nominees Ltd-BP2S London-Edinburg Dragon Trust PLC 4,728,800 1.780
12 Renuka Hotels Limited 4,048,360 1.520
13 HSBC Intl Nominees Ltd-SSBT- Aberdeen Institutional Commingled Funds, LLC 2,542,500 0.950
14 Cargo Boat Development Company Limited 2,048,200 0.770
15 Employee Trust Fund Board 2,001,666 0.750
16 HSBC Intl Nominees Ltd-BP2S London-Aberdeen Asia Smaller Companies Investment Trust 1,800,000 0.670
17 HSBC Intl Nominees Ltd-SSBTL-Aberdeen New Dawn Investment Trust XCC6 1,800,000 0.670
18 Mellon Bank N.A. - Florida Retirement Scheme 1,500,000 0.560
19 Sri Lanka Insurance Corporation Ltd- General Fund 1,243,800 0.460
20 National Savings Bank 1,092,124 0.410

Though it won;t give you quick cash like other shares, this is certainly a stable company to hold in your portfolio as a long term investment.

11DFCC Bank - Results Empty Re: DFCC Bank - Results Fri Feb 11, 2011 1:09 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@slstock wrote:
@Gaja wrote:http://www.cse.lk/cmt/upload_report_file/371_1297338659088.12.2010.pdf

I would say DFCC is performing quite well and these result are quite good for blue chip large cap of it nature.


Sep Quarter EPS was 3.96/2 ( before bonus) = 1.98
Dec Quarter EPS is 2.38

Thats is 20% growth this quarter. Also COMB is not contributing as much to bottom line. So I would take this a definite improvement for a large cap as DFCC. Their growth won't jump hugely from quarter to quarter unlike a start up Finance company. It is well established.

DFCC is respected Blue Chip over the years which has taken care of it shareholders in the longer term. It has lot of Institution interest as you will see below



1 Bank of Ceylon No.2 A/c. 38,039,994 14.360
2 Sri Lanka Insurance Corporation Ltd-Life Fund 34,423,532 12.990
3 Hatton National Bank PLC A/c No.1 32,109,140 12.120
4 Mr M A Yaseen 22,841,700 8.620
5 Distilleries Company of Sri Lanka Ltd 17,042,856 6.430
6 Seafeld International Ltd 15,286,794 5.770
7 Employee Provident Fund 12,632,200 4.760
8 HSBC Intl NomLtd-BPSS Lux-Aberdeen Global Asia Pacific Equity Fund 12,216,146 4.610
9 Renuka City Hotels Ltd 6,926,870 2.610
10 HSBC Intl Nom Ltd-BPSS LDN-Aberdeen Asia Pacific Fund 6,750,000 2.540
11 HSBC Intl Nominees Ltd-BP2S London-Edinburg Dragon Trust PLC 4,728,800 1.780
12 Renuka Hotels Limited 4,048,360 1.520
13 HSBC Intl Nominees Ltd-SSBT- Aberdeen Institutional Commingled Funds, LLC 2,542,500 0.950
14 Cargo Boat Development Company Limited 2,048,200 0.770
15 Employee Trust Fund Board 2,001,666 0.750
16 HSBC Intl Nominees Ltd-BP2S London-Aberdeen Asia Smaller Companies Investment Trust 1,800,000 0.670
17 HSBC Intl Nominees Ltd-SSBTL-Aberdeen New Dawn Investment Trust XCC6 1,800,000 0.670
18 Mellon Bank N.A. - Florida Retirement Scheme 1,500,000 0.560
19 Sri Lanka Insurance Corporation Ltd- General Fund 1,243,800 0.460
20 National Savings Bank 1,092,124 0.410

Though it won;t give you quick cash like other shares, this is certainly a stable company to hold in your portfolio as a long term investment.


DFCC Crossing 106000@190.

12DFCC Bank - Results Empty Re: DFCC Bank - Results Sun Feb 13, 2011 3:02 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@mono wrote:I want to know if the vardana results are in there as well.

Mono,

Yes Vardhana is there too.

" DFCC Vardhana Bank contributed Rs.157 million after-tax to the bottom line against Rs.129 million a year earlier with the increase largely attributable to the reversal of specific provision through recoveries."
Saw this is the Island new paper.

13DFCC Bank - Results Empty Re: DFCC Bank - Results Mon Mar 14, 2011 10:44 pm

nathanfornash


Senior Equity Analytic
Senior Equity Analytic
@tubal wrote:You have to admire them for being up front about the capital gains. Most companies make an operating loss, then sell some shares or property to cover that loss. Following by an obligatory press release saying how wonderful that company is and how profit has grown by 50%, 100% etc etc.

That's true. Though it makes me wonder if the banking rally has ended for good. What is a slow growth industry in the rest of the world only saw the stock values skyrocket due to being undervalued all this time (skyrocket to the point of being way overvalued). I think they are settling now. However, DFCC, Sampath, COMB etc. have solid fundamentals and respected management backing them. I would say safe for the next few years at least.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum