Banking sector earnings as at 30.06.2011

opfdo · 1 Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 5:30 pm

opfdo

Vice President - Equity Analytics

Posts : 1313
Equity Stars : 7889
Reputation : 136
Join date : 2011-05-26
Location : Sri Lanka

friends, what do you think. COMB is outstanding. HNB also good, NTB, PABC done well. But what has happen to DFCC??

Most of the right issues also done. any way I can smell of banking sector rally

RockStock · 2 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 5:34 pm

RockStock

Manager - Equity Analytics

Posts : 223
Equity Stars : 5137
Reputation : 37
Join date : 2011-01-27

Last year DFCC sold part of their COMB stake to deliver such a high dividend 0f 7/- and 3/-.

They still have massive amount of COMB shares, around 50 million in their investment portfolio.

So this quarterly report reflects true EPS of DFCC

Gaja · 3 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 6:27 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9692
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

I am more interested with the com bank now, they able to show considerable profit for 6 months, with the rights & debenture they get the funds needed for the expansion!

Gaja · 4 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 8:11 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9692
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

friends i think its time for us to discuss more about the banking sector? what do you all feel!

Aamiable · 5 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 8:12 pm

Aamiable

Vice President - Equity Analytics

Posts : 1284
Equity Stars : 6297
Reputation : 176
Join date : 2011-02-21

I am interested in HNB and COMB now. ....SAMP can regain earlier positions. If the market reflects corporate earnings gains can be sustained, financials continue improve...... No reason to stagnate. Smile

MPI was up more than the ASI ....banks can perform well. Smile

lbnnirmal · 6 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 8:45 pm

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5153
Reputation : 14
Join date : 2011-07-07

Hay why COMB sudden price drop although it has great profits last quarter. will it be come to normal price ?? Is it due to right issue ??

Aamiable · 7 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 8:57 pm

Aamiable

Vice President - Equity Analytics

Posts : 1284
Equity Stars : 6297
Reputation : 176
Join date : 2011-02-21

lbnnirmal wrote:Hay why COMB sudden price drop although it has great profits last quarter. will it be come to normal price ?? Is it due to right issue ??

It is due to rights issue.

Gaja · 8 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 9:06 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9692
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

lbnnirmal wrote:Hay why COMB sudden price drop although it has great profits last quarter. will it be come to normal price ?? Is it due to right issue ??

If u can invest with the idea of long term its a good share!

If not interested in investing in this share no issue, note down the today's prices then adjust for future rights, splits dividends etc and see the value in 3 years and compare it with the general return you will get an idea about it!

Gaja · 9 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 9:07 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9692
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

http://www.lbo.lk/fullstory.php?nid=281312452

Sri Lanka Combank June net up 63-pct
Aug 12, 2011 (LBO) - Sri Lanka's Commercial Bank of Ceylon's net profits in the June 2011 quarter rose 63.8 percent to 1.97 billion rupees, amid strong credit growth and containment of interest expenses, interim accounts show.

The group reported earnings of 5.17 rupees per share for the quarter. For the six months it reported earnings of 10.57 rupees.
Profits were also helped by a lower rate of tax, the bank said. A so-called financial value added tax fell 41 percent to 373 million rupees and income tax fell 11 percent to 824 million rupees.

Group interest income rose 9.1 percent 9.1 billion rupees but interest expense grew at a slower 1.8 percent to 4.6 billion rupees allowing net interest income to grow 17.7 percent to 4.49 billion rupees.

The bank said in a statement that it took "timely action to re-price deposits."

Group performing loans grew 7 percent to 228 billion rupees from December.

Managing director Amitha Gooneratne said the loan growth reflects a resurgent business sector.

Fee income rose 11.4 percent to 1.49 billion rupees.
Loan loss provisions were 19.3 million rupees with a 346 million rupee provision off-set by recoveries. Non-performing loans grew 3.1 percent to 15.4 billion rupees. The banks said its NPL ratio was 5.05 percent and 2.75 percent after provisions.

Chief financial officer Nandika Buddhipala said Tier I regulatory capital was 11.63 percent and Tier II 12.82 percent by June and the ratios would improve after fresh capital was raised from a rights issue.

Group gross assets rose 20.9 percent to 397 billion rupees and net assets rose 9 percent to 36.5 billion rupees from December.

windi5 · 10 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 10:17 pm

windi5

Moderator

Posts : 1549
Equity Stars : 7884
Reputation : 157
Join date : 2011-05-21

Last date of Rights trading is on 15th. if some one buy rights at 30,definitely it will be a good investment. 30+180

Aamiable · 11 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 10:43 pm

Aamiable

Vice President - Equity Analytics

Posts : 1284
Equity Stars : 6297
Reputation : 176
Join date : 2011-02-21

What about the other banks...

windi5 · 12 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 11:17 pm

windi5

Moderator

Posts : 1549
Equity Stars : 7884
Reputation : 157
Join date : 2011-05-21

except MBSL and UBC, all other banks have done well. COMB and HNB are exceptional.

sajeethk · 13 Re: Banking sector earnings as at 30.06.2011 Sat Aug 13, 2011 8:20 am

sajeethk

Senior Manager - Equity Analytics

Posts : 585
Equity Stars : 5419
Reputation : 21
Join date : 2011-07-16
Age : 47
Location : Indonisia

But i think dividend payout wise DFCC is good may be can see the rally soon. cos it came from above 200/- current level.

Sponsored content · 14 Re: Banking sector earnings as at 30.06.2011

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

Banking sector earnings as at 30.06.2011

1 Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 5:30 pm

opfdo

2 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 5:34 pm

RockStock

3 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 6:27 pm

Gaja

4 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 8:11 pm

Gaja

5 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 8:12 pm

Aamiable

6 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 8:45 pm

lbnnirmal

7 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 8:57 pm

Aamiable

8 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 9:06 pm

Gaja

9 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 9:07 pm

Gaja

10 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 10:17 pm

windi5

11 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 10:43 pm

Aamiable

12 Re: Banking sector earnings as at 30.06.2011 Fri Aug 12, 2011 11:17 pm

windi5

13 Re: Banking sector earnings as at 30.06.2011 Sat Aug 13, 2011 8:20 am

sajeethk

14 Re: Banking sector earnings as at 30.06.2011

Sponsored content

New topics