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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » FUTURE WINNING STOCKS AT BOTTOM LEVEL

FUTURE WINNING STOCKS AT BOTTOM LEVEL

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1FUTURE WINNING STOCKS AT BOTTOM LEVEL Empty FUTURE WINNING STOCKS AT BOTTOM LEVEL Fri Oct 12, 2018 7:18 am

Yahapalanaya

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

EPS      NAV      P/B       P/E    Current price

CDB     24.5      139       0.57     3.25     83

VFIN     17.8      78        0.88     3.85     65

REXP    47.3      117       1.52     3.76    175

HEXP    20.5      105       0.65     3.32     68

ACL      2.8         87        0.49     15.3     38

CIND    4.4         67        0.43     6.47     26

If you have above in your PF, You will be Very Happy Very Happy Very Happy  in future. Otherwise invest in negombo fish market with Maharajah.

soileconomy

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

Bottom???

EquityChamp

EquityChamp
Moderator
Moderator

There is sense in this logic. However we need to make provisions for the future possible risks as well.

4FUTURE WINNING STOCKS AT BOTTOM LEVEL Empty Re: FUTURE WINNING STOCKS AT BOTTOM LEVEL Sat Oct 13, 2018 11:04 am

janith123


Senior Equity Analytic
Senior Equity Analytic

We cant,still predict what,is the bottom ?
I recommend dont buy now .furthur market will be collapsed.
Small upwards movements may be there but trend would be negative.
Market indices shows the outlook of future economy. It is wise to keep away from market or dont go to avarage ur cost.

samaritan


Moderator
Moderator

janith123 wrote:We cant,still predict what,is the bottom ?
I recommend dont buy now .furthur market will be collapsed.
Small upwards movements may be there but trend would be negative.
Market indices shows the outlook of future economy. It is wise to keep away from market or dont go to avarage ur cost.
It seems its a topless & bottomless market!

Yahapalanaya

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

[size=48]Nimal returns to stock market
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Comments / FUTURE WINNING STOCKS AT BOTTOM LEVEL V-icon4 3350 Views / Monday, 15 October 2018 01:11
 4  249[/size]



  • Says has invested over Rs. 2 b in accumulating blue chips going at bargain

  • Responsible for bulk of purchases of HNB shares last week; picks up Sampath Bank, JKH, Aitken Spence among others 

  • Most purchases from exiting foreign investors

  • Insists best time to buy fundamentally sound stocks given low prices

  • New investments mostly self-financed 

  • Recently sold his 35-room Tangalle resort for $ 2.5 m to Singaporean billionaire Ong Beng Seng



 

[size=24]By Nisthar Cassim



High net worth investor Nimal Perera is back in the Colombo stock market having invested over Rs. 2 billion in recent months, accumulating mostly blue chips that are trading at a bargain.FUTURE WINNING STOCKS AT BOTTOM LEVEL Image_d8544d7245

Year-to-date the All Share Index (ASI) is down 9% and the more active S&P Sri Lanka 20 Index has dipped 20% and foreigners have been net sellers to the tune of Rs. 6.6 billion. 

For Nimal and the smarter investors, the setting and statistics are perfect. 

“Given the low prices, especially that of fundamentally sound stocks including blue chips, this is the ideal time to buy,” insists Nimal, who is synonymous with stock market investments through which he has also drawn criticism from certain quarters.


Until a few months ago he had been on the sidelines assessing the market conditions and also diverting his attention to the Government bond market. 

With foreigner funds exiting Colombo equities partly due to redemptions among other factors, Nimal has been busy. 

“I have invested around over Rs. 2 billion during the past few months. Valuations in terms of price to book value are very attractive. I see medium to long-term value in some of the stocks hence I have been collecting, some from foreign funds who are selling out,” Nimal told the Daily FT. “I am largely bullish on the banking sector as well as diversified stocks,” he added. 

Last week he bought bulk (1 million) of the 1.36 million HNB shares traded for Rs. 273 million and he was also on the buying side of Sampath Bank which saw 1.4 million shares traded for Rs. 330 million.


HNB topped the list of net foreign sales last week (Rs. 258 million).

As of now Nimal holds 1.7 million HNB shares, having collected at prices between Rs. 215 and Rs. 200 and 2.5 million shares of Sampath Bank picked up at between Rs. 260 and Rs. 225 per share.


Nimal has also bought 1.5 million shares of JKH at Rs. 135 each and 1.5 million of Aitken Spence in addition to 3 million Expolanka Holdings shares. Among his portfolio are 1 million shares of Seylan Bank bought at Rs. 72.50 each, 2 million shares of Asian Hotels at Rs. 35 each, 2 million shares of Tokyo Cement, 1.5 million shares of Access Engineering, half a million shares of Chevron Lubricants Lanka at Rs. 65 each and 7 million of Asia Asset Finance. 

At last week’s CSE-SEC-organised roadshows in London and Edinburgh, LYNEAR Wealth Management Managing Director Dr. Naveen Gunawardane told investors present that for the first time since 2009 most banks were trading below their book value hence they remained attractive. The Price Earnings Ratio of nine times also makes the Colombo stock market more attractive than its regional or frontier market peers.


Nimal says the bulk of his investments are self-funded and a few on margin facilities. Recently he sold his 35-room beach resort in Tangalle for $ 2.5 million to Singaporean billionaire businessman and founder of the Singapore-based organisation Hotel Properties Ong Beng Seng. In December 2017, Nimal sold his entire stake of 97% in Mercantile Produce Brokers for Rs. 1 billion after having bought it for Rs. 250 million in 2014.

The acquisitions are via his fully-owned venture capital and private equity firm NP Capital which has invested in a digital disruption startup Arimak Ltd. and newly-created ceramics and aluminium trading company Dunimac Ltd., with a showroom in Nawala. 
 
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