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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Best finance company for fixed deposit.Expert view.

Best finance company for fixed deposit.Expert view.

+10
sikka89
balapas
econ
shehani.perera.1612
Dileepa
salt
Harry82
Oracle797
K.Haputantri
kelumhewage
14 posters

Go to page : 1, 2  Next

Go down  Message [Page 1 of 2]

kelumhewage


Manager - Equity Analytics
Manager - Equity Analytics

hii dear experts...i have two million after going through blood bath in share market i want to get monthly return from any safer finance company what you experts think....please comment.....
13.5% for one month deposite at

ABANCE FINANCE
COMMERCIAL CREDIT
SOFT LOGIC
PLC

PLEASE ADVICE..THANKS...

K.Haputantri

K.Haputantri
Co-Admin

Study the annual reports of all the companies & select a stable one. Easy method is to read reports on them from rating agencies. You must remember as a general guide line that "higher the interest rate offerred by the company higher the risk of investing in it".

Oracle797

Oracle797
Equity Analytic
Equity Analytic

its better to go with short term deposit at the movement because of this interest rate fluctuations. I think all these financial companies are struggling. its up to you to decide your finance company.

If I have 2 million I prefer stable bank rather than looking for 1 to 2 percent spread.

kelumhewage


Manager - Equity Analytics
Manager - Equity Analytics

thanks for your advices oracle797 and and haputhantry i think of going with LB FINANCE AND CLC for one month maturity risk will be safe or as CLC giving 13.75%...what do you all think....?????

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics


LFIN
VFIN
COCR
CDB

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics

Go for TAX FREE debentures
FD attracts taxes

Apply ALLI five year with 16.5% (25% of your money) though it is not the best, but better than FD in one.
Dived into 4 debentures apply
Nawaloka Hospital coming with 10 years @ 14.5%

IF you want FD, i think best is PLC, I might look for CFIN if they offer better rate than PLC. No other.

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

FYI
If your intention is to protect the capital, Then FD is the best option.
But FD's will not make any difference to your future buying power.
Best finance company for fixed deposit.Expert view. Inflat10
Over 13year period, inflation reduced the buying power of 100K by 5X.
FD gain is also around 5X. At the end, you have gained nothing.
Any way if you can't make at least 20% annual gain from the market
it is better to go for FD's

K.Haputantri

K.Haputantri
Co-Admin

Harry82 wrote:
LFIN
VFIN
COCR
CDB
Give reasons for your recommendations. Otherwise we treat is as a promotion. I remind you that this is not the first time you have done this type of irresponsible things.

shehani.perera.1612

shehani.perera.1612
Equity Analytic
Equity Analytic

In my opinion the the following is the Order.

1. Peoples Leasing and Finance
2. Central Finance
3. LB Finance

econ

econ
Global Moderator

I have FDs in ,
MBSL savings bank, Commercial Credit, CDB , Vallibel Finance, LBFinance, Softlogic Finance, ETI finance,Peoples leasing ..
So far no problem with any FDs.

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

shehani.perera.1612 wrote:In my opinion the the following is the Order.

1. Peoples Leasing and Finance
2. Central Finance
3. LB Finance

OK good one. All these companies got A and above rating by credit agencies and I guess this is what you should look at more than anything else. However latest quarterly reports should be looked at to see any post rating developments. These companies would be more stable to any severe macro shocks (if any) than other finance companies.



Last edited by balapas on Wed Sep 04, 2013 7:36 pm; edited 1 time in total (Reason for editing : Add new information)

sikka89


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

econ wrote:I have FDs in ,
MBSL savings bank, Commercial Credit, CDB , Vallibel Finance, LBFinance, Softlogic Finance, ETI finance,Peoples leasing ..
So far no problem with any FDs.
Looks like you have fair amount of money.

econ

econ
Global Moderator

sikka89 wrote:
econ wrote:I have FDs in ,
MBSL savings bank, Commercial Credit, CDB , Vallibel Finance, LBFinance, Softlogic Finance, ETI finance,Peoples leasing ..
So far no problem with any FDs.
Looks like you have fair amount of money.
I did not invest in the stock market recently since I have huge unrealized losses. So all new money are gone to FDs.

D.G.Dayaratne


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

Total financial system is controlled by GAMBLERS

Very difficult to give advice

Any way i advice

Peoples leasing. MBSL, MCSL, and LB finance

comparatively better

nalinkene


Equity Analytic
Equity Analytic

CSF

bullrun

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

My opening is wait further more until you see a positive signs of the market and invest in non inter related highly discounted dividend paid counters. If it is 2.00 ml go for at least four firms and buy and keep aside as if you invested in FD. You will be able to recover part of your losses too.

Advice is no credit no margin please.

K.Haputantri

K.Haputantri
Co-Admin

nalinkene wrote:CSF
?On what basis. Please give reasons.

K.Haputantri

K.Haputantri
Co-Admin

shehani.perera.1612 wrote:In my opinion the the following is the Order.

1. Peoples Leasing and Finance
2. Central Finance
3. LB Finance

We too have opinions but they may not work without plausiable reasons. ?Can you give reasons behind your opinions.

kelumhewage


Manager - Equity Analytics
Manager - Equity Analytics

well....just need to find how come valible finance gives highest interest rates in sri lanka at the moment...????thanks for you advice bull...cheers....

K.Haputantri

K.Haputantri
Co-Admin

kelumhewage wrote:well....just need to find how come valible finance gives highest interest rates in sri lanka at the moment...????thanks for you advice bull...cheers....
I have not studied this company, but as a general rule, keep in mind, that, those who offer highest rates are desparately in need of cash at the moment.

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

With Sampath bank you can open and close FD's online.

If you are putting 2M on FD,
it is advised to break them down and put in to different maturity periods.
Two years ago me and my wife started opening one FD a month.
First one was a one month FD, then 3x 3Month FD, 6x 6Month FD and so on...
Today we have more than 4 FD's expiring and renewing in every month.
Income is nearly 20K a month and increasing.
Best finance company for fixed deposit.Expert view. Fd10

My advise is,
Don't put your money where you don't have total control over it and watch out for government tax.

Cheers...

shehani.perera.1612

shehani.perera.1612
Equity Analytic
Equity Analytic

K.Haputantri wrote:
shehani.perera.1612 wrote:In my opinion the the following is the Order.

1. Peoples Leasing and Finance
2. Central Finance
3. LB Finance

We too have opinions but they may not work without plausiable reasons. ?Can you give reasons behind your opinions.
Dear Sir,

First I looked at was Rating
Then the stock ratio Vs Liability
Then income earning and non income earnin assets ration
Liquidity ratio
At last the collections per month

All these three has over a billion collections per month so in a cash crunch they can easily pay

K.Haputantri

K.Haputantri
Co-Admin

Thanks Shehani-p.

summa


Senior Equity Analytic
Senior Equity Analytic

No one address about AMF. Stable company and gives higher return than others.
http://www.ram.com.lk/reports/1315979402.pdf

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

summa wrote:No one address about AMF. Stable company and gives higher return than others.
http://www.ram.com.lk/reports/1315979402.pdf
This is an outdated report, the latest report is here http://www.ram.com.lk/reports/1357792419.pdf done in 2013 but rating has not improved. AMF has a rating of BB- which is the lowest rating one would get. It falls in to the speculative grade. http://www.ram.com.lk/ram_rating_scale_en.php  



Last edited by balapas on Sat Sep 07, 2013 6:24 pm; edited 1 time in total

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