Rating upgrade for Seylan Bank

nkalansu · 1 Rating upgrade for Seylan Bank Fri Sep 23, 2011 9:03 am

nkalansu

Senior Manager - Equity Analytics

Posts : 335
Equity Stars : 5385
Reputation : 58
Join date : 2011-06-11
Age : 47

Hello experts......

Will there be an impact on the share price of Seylan Bank with this announcement?
It is observed that lot of activity is happening with SEYB.X.

windi5 · 2 Re: Rating upgrade for Seylan Bank Fri Sep 23, 2011 9:24 am

windi5

Moderator

Posts : 1549
Equity Stars : 8069
Reputation : 157
Join date : 2011-05-21

With the release of Sept quarter results all banks will have good time.

LankanBusiness · 3 Re: Rating upgrade for Seylan Bank Fri Sep 23, 2011 10:18 am

LankanBusiness

Equity Analytic

Posts : 36
Equity Stars : 4950
Reputation : 7
Join date : 2011-07-05
Location : Serendipity

Seylan's non performing loans is one of the highest in Sri Lanka - Also as a % of total assets

Until they take serious steps to rectify this they will never be a profitable bank

Compare NPL value to equity you will be surprised

However they definitely give good deals to their customers - I can vouch for that - but I will never invest in them