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Sampath Bank PLC - A giant awakening

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Sampath Bank PLC - A giant awakening

Post by EquityChamp on Tue Aug 02, 2016 11:07 pm

First topic message reminder :

Thought of talking a bit of this stock. It has recorded an EPS of 30.5 and 38.4 in FY 2014 & 2015 but traded around Rs230 - Rs240 most of the time. For some reason the earnings have not been properly reflected on the stock price may be due to subdued market conditions.

On the back of this the bank has recorded significant growth in revenue as well as profits in 1H of FY 2016. Based on my assumptions for 2H I worked out a forecast for the FY 2016 as follows.
 201420152016 F
NII  16,781   18,550      23,353
Net fee & commision income    4,259     5,417        6,296
Net operating income  22,606   26,742      32,555
Total operating expenses  12,180   13,962      15,978
PBT    7,247     9,790      12,719
PAT    5,268     6,628        9,388
EPS30.5538.44       53.04
Share price    236.0     248.0        243.8
NAV       179        204 267
This stock will report astonishing earnings growth in excess of 40% this year on the back of interest income growth of 26%.

In terms of valuations the stock is trading @ a forward PE of 4.6x @ todays CMP of 243.8. If just compare with the average PE and PBV ratios clocked by this stock for the last two years the share should adjust to at least Rs357/- in the coming months.

Therefore a clear appreciation potential by at least 40% is visible to me. My advise for you is not to sell your Sampath @ these levels but BUY it now for a two quarter period investment. Sampath will deliver you a great result.

Good luck
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Re: Sampath Bank PLC - A giant awakening

Post by DS Wijesinghe on Wed May 24, 2017 11:28 am

I agree with Equity Champ. It is tremendously undervalued in price right now. Apart from Sampaths attractive earnings and Big EPS, the NAVP is over Rs. 280/- even after the scrip dividend. It is one of the few stocks which appreciated against an overall declining market. This share should take off any moment and the upward trend seen now could be an indication of what is to come in the next few months

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Re: Sampath Bank PLC - A giant awakening

Post by EquityChamp on Wed May 24, 2017 11:31 am

The other stock of same caliber is HNB. Appreciated every year despite ASPI pull backs.

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Re: Sampath Bank PLC - A giant awakening

Post by EquityChamp on Tue May 30, 2017 7:55 am

So Sampath has broken all the resistance at 270 and 280 and now sitting on 290. It is finding its true potential progressively but slowly. Great asset to own by patient investors.

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Re: Sampath Bank PLC - A giant awakening

Post by DS Wijesinghe on Thu Jun 01, 2017 3:33 pm

Today it touched the all important psychological bar of 300/- and this should pave the way for a quantum leap within the next 2 months

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Re: Sampath Bank PLC - A giant awakening

Post by EquityChamp on Thu Jun 01, 2017 4:33 pm

That is a target I am eying for a long time. cheers

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Re: Sampath Bank PLC - A giant awakening

Post by nirowat on Thu Jun 01, 2017 5:54 pm

Was for quite a while sure that this will break 300 but was slow to collect to satisfy my greed
Should've put all in this when the Div and Script was around

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Re: Sampath Bank PLC - A giant awakening

Post by EquityChamp on Thu Jun 01, 2017 7:16 pm

Yes. I showed this value to all before a long time ago.
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Re: Sampath Bank PLC - A giant awakening

Post by DS Wijesinghe on Thu Jun 01, 2017 7:36 pm

EquityChamp wrote:Yes. I showed this value to all before a long time ago.

Yes EC your analysis was crystal clear to any average investor about the great potential of this stock. Still tremendously undervalued and not too late for the serious and patient investors

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Re: Sampath Bank PLC - A giant awakening

Post by EquityChamp on Thu Jun 01, 2017 7:57 pm

Why not. When you analyze the Q1 2017 result and estimate the result for 2017 and beyond then you will realize this is not a 300/- + stock but its a 400/- + stock. I can guarantee on that.
Plus a superb dividend track record as well. You never know some times a share split also possible.
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Re: Sampath Bank PLC - A giant awakening

Post by DS Wijesinghe on Fri Jun 02, 2017 6:40 am

Yes I am totally in agreement with you

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Re: Sampath Bank PLC - A giant awakening

Post by Harry82 on Fri Jun 02, 2017 7:16 am

Rs 350.00 sure
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Re: Sampath Bank PLC - A giant awakening

Post by soileconomy on Fri Jun 02, 2017 7:24 am

Will there be a rights issue? I guess so
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Re: Sampath Bank PLC - A giant awakening

Post by Teller on Sat Jun 03, 2017 9:04 pm

Good Prediction from EC and hope to stay this around 320/- levels for a while
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Re: Sampath Bank PLC - A giant awakening

Post by EquityChamp on Sun Jun 04, 2017 7:53 am

After that crossing @ 300/- the future price target is clear now.
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