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Sri Lanka Equity Forum » Stock Market Talk » Sampath Bank PLC - A giant awakening

Sampath Bank PLC - A giant awakening

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1 Sampath Bank PLC - A giant awakening on Tue Aug 02, 2016 11:07 pm

EquityChamp

avatar
Moderator
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


51 Re: Sampath Bank PLC - A giant awakening on Wed May 24, 2017 11:28 am

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
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

52 Re: Sampath Bank PLC - A giant awakening on Wed May 24, 2017 11:31 am

EquityChamp


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

53 Re: Sampath Bank PLC - A giant awakening on Tue May 30, 2017 7:55 am

EquityChamp


Moderator
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.

54 Re: Sampath Bank PLC - A giant awakening on Thu Jun 01, 2017 3:33 pm

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
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

55 Re: Sampath Bank PLC - A giant awakening on Thu Jun 01, 2017 4:33 pm

EquityChamp


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

56 Re: Sampath Bank PLC - A giant awakening on Thu Jun 01, 2017 5:54 pm

nirowat


Manager - Equity Analytics
Manager - Equity Analytics
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

57 Re: Sampath Bank PLC - A giant awakening on Thu Jun 01, 2017 7:16 pm

EquityChamp

avatar
Moderator
Yes. I showed this value to all before a long time ago.

58 Re: Sampath Bank PLC - A giant awakening on Thu Jun 01, 2017 7:36 pm

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
@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

59 Re: Sampath Bank PLC - A giant awakening on Thu Jun 01, 2017 7:57 pm

EquityChamp

avatar
Moderator
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.

60 Re: Sampath Bank PLC - A giant awakening on Fri Jun 02, 2017 6:40 am

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
Yes I am totally in agreement with you

61 Re: Sampath Bank PLC - A giant awakening on Fri Jun 02, 2017 7:16 am

Harry82

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Rs 350.00 sure

62 Re: Sampath Bank PLC - A giant awakening on Fri Jun 02, 2017 7:24 am

soileconomy

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Will there be a rights issue? I guess so

63 Re: Sampath Bank PLC - A giant awakening on Sat Jun 03, 2017 9:04 pm

Teller

avatar
Moderator
Good Prediction from EC and hope to stay this around 320/- levels for a while

64 Re: Sampath Bank PLC - A giant awakening on Sun Jun 04, 2017 7:53 am

EquityChamp

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

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