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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » UBC may touch 40.00 soon

UBC may touch 40.00 soon

+12
smallville
sanjee
ShareShares
sanjaya351
Monster
Fresher
Academic
windi5
Gaja
CHASE
ashlee
market_rana
16 posters

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1UBC may touch 40.00 soon Empty UBC may touch 40.00 soon Sat Jul 30, 2011 7:45 pm

market_rana

market_rana
Equity Analytic
Equity Analytic

I collected 10,000 UBC shares at 25.00. It had a very high demand at the initial offering.Also, they have opened new branches in colombo after the IPO. So, my personal view is it may go up to touch 40.00 very soon. ('Laughing')



Last edited by Monster on Sun Jul 31, 2011 1:33 am; edited 1 time in total (Reason for editing : "will" replaced by "may")

2UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 7:52 pm

ashlee


Manager - Equity Analytics
Manager - Equity Analytics

Share wont go up just because they opened new branches.. Profitbility of a bank can not be judged by the number of branchs the bank has.. Take HSBC for an example.. They have few branches but highly profitable.. In my personal view, UBC is over priced..

3UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 8:08 pm

CHASE

CHASE
Manager - Equity Analytics
Manager - Equity Analytics

it'll touch40 soon if 40 comes after 24 Very Happy ( Just kidding)
my personal idea is it'll take some time to touch 40, may be more than a year. I also holding 4900 shares at avg cost of 36.50 & planing to sell at a loss soon & jump to another.
this I bought when I started & experience I got from this is more valuable than the loss.

Please not that I'm not an expert & this is my personal view,

4UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 8:14 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

Well friend at 40 it is over valued, but when comparing with the some of the stocks at CSE i will say even uBC 40 is under valued, but i don't thing it will touch 40 soon unless it is manipulated. But there are some investors who bought this one at 31 at private placement as well

5UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 9:56 pm

windi5

windi5
Moderator
Moderator

If you can buy more and more,this will go up at least 30 level,otherwise no reason to touch 40 very soon.But at CSE reasons dont matter, it can hit even 100 if manipulated. PABC trading at around same price,i go for PABC instead of UBC.

6UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 10:09 pm

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

market_rana wrote:I collected 10,000 UBC shares at 25.00. It had a very high demand at the initial offering.Also, they have opened new branches in colombo after the IPO. So, my personal view is it will go up to touch 40.00 very soon. ('Laughing')

Please do not use the word "will" for forecasts.

7UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 10:40 pm

windi5

windi5
Moderator
Moderator

Thats his will Mr.Academic. Whats wrong with "Will"????? Question

8UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 11:12 pm

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

windi5 wrote:Thats his will Mr.Academic. Whats wrong with "Will"????? Question

"Will" is a auxiliary verb in English which means something happens in future. Since no one can predict the market precisely the word "will" is not used to express opinions. Instead words "would", "could" are used in expressing opinion on future uncertain events. Those words mean future+uncertainty associated with the statement.

Simply in professional ethics, use of "will" to describe uncertain future event is unethical practice. Use of such word may trigger Professional Conduct inquires for members of reputed finance professional bodies.

9UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 11:27 pm

windi5

windi5
Moderator
Moderator

I got it! Academic but we can use "will" to express our opinions but not the prdictions.

10UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 11:44 pm

Fresher


Moderator
Moderator

windi5 wrote:I got it! Academic but we can use "will" to express our opinions but not the prdictions.

Even then the best word to use is "might" or"may" or even better "I think it may"

11UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 11:45 pm

Fresher


Moderator
Moderator

Please buy more and more of it all the way up to 40 so we can buy now and sell there

12UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sat Jul 30, 2011 11:48 pm

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

windi5 wrote:I got it! Academic but we can use "will" to express our opinions but not the prdictions.

You can if you clearly state it is an opinion. For example

Writing "X will go up" is wrong.

Writing "My opinion is that it will go up" is not wrong.

However, the best practice is writing "My opinion is that it may/would go up"

13UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 12:08 am

windi5

windi5
Moderator
Moderator

He/she seems to be very optimistic,thats "may" be the reason why he used "Will" instead of "May"or "Would". Very Happy

14UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 1:34 am

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I agree with with Academics and npp. He shouldn't use "will" instead of "may". I have edited the original post.

15UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 1:38 am

sanjaya351


Manager - Equity Analytics
Manager - Equity Analytics

No not in the near future ..
But if mkt continues to run like this it may end up in 80 even ....

Even SEMB can move to 8 - 10

16UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 7:04 am

ShareShares


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

very good

17UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 7:43 am

sanjee

sanjee
Senior Equity Analytic
Senior Equity Analytic

ashlee wrote:Share wont go up just because they opened new branches.. Profitbility of a bank can not be judged by the number of branchs the bank has.. Take HSBC for an example.. They have few branches but highly profitable.. In my personal view, UBC is over priced..

UBC profits growth is more than 250 %

18UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 7:44 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

As I could remember, their last financial results were really good to consider this as an investment. But the worry should be; at a PE ratio over 40, this has already marked for future growth as well.
We really need to compare the PE with other banks such as COMB, SAMP, NTB and also with PABC to see how they have worked.
Again, capital and loan capacity of these banks may vary; so for investments, we need a good analysis..
30-32 could be an expected figure in a moving market..

19UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 8:29 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I agree with Academic, we cannot be certain about future direction of stocks, therefore we have to be mindful of the words used when giving stock tips.

UBC is a good share although it had performed badly due to improper IPO strategy. UBC together with CIMB bank in Malaysia expected to set up an Investment Bank in Sri Lanka. This is initially expected to be a JV and subsequently be merged into UBC. Alex Lovell is likely to be Chairman of the company. Soon there will be a press conference to this effect. Their new office is likely to be at the WTC.

I believe that current UBC price is fully valued and short term upside may be limited. But you never know, things go up due to factors other than it's real value.

20UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 8:47 am

ipoguru


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Academic wrote:
windi5 wrote:I got it! Academic but we can use "will" to express our opinions but not the prdictions.

You can if you clearly state it is an opinion. For example

Writing "X will go up" is wrong.

Writing "My opinion is that it will go up" is not wrong.

However, the best practice is writing "My opinion is that it may/would go up"

Does it make a difference? Let the writer choose his writing style. We are not in kindergarden.. I wish if I were.. :lol: I think we all know that it is only his opinion and he can not be sure about it.

21UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 9:54 am

ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

In a market like CSE, SEMB even can touch 20. lol!
Like LOFC did.

22UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 9:56 am

mark

mark
Expert
Expert

rumors control the market Wink who catch first will win Very Happy

23UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 9:56 am

windi5

windi5
Moderator
Moderator

LOFC is not a bad counter even at this price.Experts comments pl

24UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 10:01 am

mark

mark
Expert
Expert

windi5 wrote:LOFC is not a bad counter even at this price.Experts comments pl

do you remember what happened to LOLC?........it hit 1600 and after subdivision came back to 100 levels,Bcoz it ddnt inherited those levels,btw liquidity also matters

*in short run,prices will rise far more than fundamentals and form bubbles,eventually in long run share price will come down to justifiable levels..dont worry LOFC will touch it real value in long run Twisted Evil
ex-SPEN
LOLC
DIAL

25UBC may touch 40.00 soon Empty Re: UBC may touch 40.00 soon Sun Jul 31, 2011 10:04 am

ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

mark wrote:
windi5 wrote:LOFC is not a bad counter even at this price.Experts comments pl

do you remember what happened to LOLC?........it hit 1600 and after subdivision came back to 100 levels,Bcoz it ddnt inherited those levels,btw liquidity also matters

*in short run,prices will rise far more than fundamentals and form bubbles,eventually in long run share price will come down to justifiable levels..dont worry LOFC will touch it real value in long run Twisted Evil
ex-SPEN
LOLC
DIAL
Real value meaning it's price should come down. Very Happy

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