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Sri Lanka Equity Forum » Stock Market Talk » Abans group and the budget

Abans group and the budget

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1 Abans group and the budget on Wed Dec 02, 2015 12:40 pm

EquityChamp

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Moderator
The budget has reduced taxes on imported electrical appliances massively. This will come into the picture before Christmas and as a result the prices of brands such as LG, Samsung, Hair, etc will be down massively.

Abans electricals mainly do the business on these items and can expect good seasonal quarters in the coming time. Their last quarter was remarkable .

1H PAT is 56mn an increase of 27% YoY. Currently trading at a PE multiple of 7.4 with a PBV of 0.96. The estimated PE based on FY 2015/16 will be 6.3 @ Rs143/-. 

The technical charts indicates buy signals with RSI standing @ 54 (neutral region)

Further the share is very illiquide with relatively small quantity in the market.

Abans finance will be getting more business from the group itself due to growth in volumes for installment plans as well as the finance business. They have reported a growth in PAT for 1H by 67%.

It is currently trading at a trailing PE of 14.7x @Rs 39.1  @ a discount to market. This is too a relatively illiquid finance company. The expected growth in volumes should generate an annual EPS in excess of 3.5 and the forward PE will be in the range of 11.

These valuations are very attractive compared to current market parameters and represent great upside potential in medium term hence good assets for a medium term value investors.

2 Re: Abans group and the budget on Wed Dec 02, 2015 8:17 pm

fireshelter

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Why only Abans SHL also

3 Re: Abans group and the budget on Wed Dec 02, 2015 10:17 pm

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
@fireshelter wrote:Why only Abans SHL also
1.SHL is having 779Million shares while ABAN is 5Million shares
2.ABAN is electric company while SHL's electronic sale is part of it's business
Rolling Eyes Rolling Eyes Rolling Eyes

4 Re: Abans group and the budget on Thu Jun 15, 2017 4:36 pm

fortuneteller

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Senior Equity Analytic
Senior Equity Analytic
Abans group has reported heavy losses for the quarter ended 31st March 2017.Is it because of their involvement in Real Estate business?

fortunetellerEquity Analytic

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