Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum
Sri Lanka's leading discussion forum for Stock Market Investors since 2010.
Statistics
We have 20021 registered users
The newest registered user is CooperOr

Our users have posted a total of 324224 messages in 49822 subjects
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1132 ]
27% 27% [ 418 ]

Total Votes : 1550

Latest topics
» Climate Change & SL Corporate sector. Are we ready?
by tkc Today at 3:50 pm

» Swisstek (Ceylon) PLC - A Growth Stock
by EquityChamp Today at 3:43 pm

» WELCOME MANGALA
by kovida Today at 12:42 pm

» Certainity in Investing
by DS Wijesinghe Today at 8:40 am

» SFIN UPDATE
by anges Yesterday at 10:40 pm

» Can anyone explain ?
by anges Yesterday at 10:38 pm

» Finance Minister Change
by anges Yesterday at 10:36 pm

» UDPL & BALA Future... Price
by anges Yesterday at 10:35 pm

» why suddenly spen.n moving up?
by Investor1994 Yesterday at 6:58 pm

» HSIG enjoy
by TuTanKaman Yesterday at 10:41 am

» VFIN DIVIDEND
by Harry82 Fri May 26, 2017 8:14 pm

» KZOO ANY IDEA OF THE PRICE BEFORE RIGHTS?
by Eugine Fernando Fri May 26, 2017 2:36 pm

» BPPL Moving on
by Elahara Fri May 26, 2017 1:46 pm

» Advice need on PCP.N
by Elahara Fri May 26, 2017 1:38 pm

» Hotels will become active
by DS Wijesinghe Fri May 26, 2017 12:35 pm

» BPPL - Sell your headache
by Elahara Fri May 26, 2017 10:41 am

» LOFC Chart 28.04.2017 (weekly chart)
by stockback Fri May 26, 2017 9:54 am

» WATA next target
by kovida Thu May 25, 2017 10:21 pm

» Why AINV.N not move
by Neluka Karannagoda Thu May 25, 2017 4:47 pm

» People's Leasing Company
by thankrishan Thu May 25, 2017 4:01 pm

» TJL,LIOC,KAPI,MGT,DOCK
by Deen79 Thu May 25, 2017 2:13 pm

» AINV.N and PCHH.N
by Neluka Karannagoda Thu May 25, 2017 2:07 pm

» HVA - HVA FOODS PLC
by anjelo Thu May 25, 2017 12:42 pm

» DIPD DIPD go 100/=
by EquityChamp Thu May 25, 2017 9:46 am

» DFCC Bank - A very valuable counter
by EquityChamp Thu May 25, 2017 9:41 am

» JKH UNBELIEVABLE
by EquityChamp Thu May 25, 2017 9:30 am

» BLI Quarterly Results
by EquityChamp Thu May 25, 2017 9:27 am

» COMB selling
by EquityChamp Thu May 25, 2017 9:26 am

» HEXP annual EPS Rs.33.41 and NAVPS is Rs.92.17
by Miss-Sangeetha Wed May 24, 2017 8:59 pm

» Colombo Dockyard PLC - Rising From the Ashes
by EquityChamp Wed May 24, 2017 12:15 pm

» SRI LANKA FINANCE SECTOR - HOLD - Mar 2017 - FC Research
by stockback Wed May 24, 2017 12:11 pm

» Sampath Bank PLC - A giant awakening
by EquityChamp Wed May 24, 2017 11:31 am

» Collect Collect
by DHAVER88 Wed May 24, 2017 11:26 am

» Sri Lanka studying property loans, SME credit leakages: Central Bank Governor
by DS Wijesinghe Wed May 24, 2017 10:36 am

» Teejay Jersey Lanka PLC - Depreciated Rupee had a very positive impact
by EquityChamp Wed May 24, 2017 10:35 am

» Investors and Business partners from over 20 countries to take part in ‘Sri Lanka Investment Conclave’
by Vacations To Sri Lanka Wed May 24, 2017 10:25 am

» Reason behind PCHH.N
by Eugine Fernando Wed May 24, 2017 9:16 am

» Profit-takings by blue chips
by Eugine Fernando Wed May 24, 2017 8:47 am

» What to buy ?
by Deen79 Wed May 24, 2017 7:00 am

» AFSL update...
by fortuneteller Tue May 23, 2017 10:26 am

» New CSE Chief upbeat; to accelerate capital market development - See more at: http://www.ft.lk/article/617155/New-CSE-Chief-upbeat--to-accelerate-capital-market-development#sthash.5uzdNQzm.dpuf
by samaritan Tue May 23, 2017 9:17 am

» Isn't Mackwood Energy Limited a gem
by soileconomy Tue May 23, 2017 7:10 am

» SFS. Future.
by prabath Mon May 22, 2017 1:52 pm

» SFIN _DIVDEND
by DHAVER88 Mon May 22, 2017 12:58 pm

» KEEP EYE ON TESS
by DHAVER88 Mon May 22, 2017 11:32 am

» KUMATA MERATA ADIKANANAYA POLISIYA HA WINISURAN ?
by reyaz Mon May 22, 2017 11:31 am

» Sri Lanka: Mangala Samaraweera to be appointed as the Finance Minister today
by worthiness Mon May 22, 2017 10:44 am

» SERA, Seen eka
by MRBRAVO Mon May 22, 2017 9:54 am

» NIFL VS TFIL WHO RUN THE SHOW?
by Eugine Fernando Mon May 22, 2017 9:42 am

» What is happening to MEL
by reyaz Mon May 22, 2017 9:37 am

» COCR and ASI
by Harry82 Mon May 22, 2017 9:11 am

» NEXT WEEK RUNNING SHARES
by Harry82 Mon May 22, 2017 8:50 am

» LETS HOPE FINANCE MINISTER WILL CHANGE
by Eugine Fernando Mon May 22, 2017 8:49 am

» TESS Share Quantity annalise of the last 07 days
by Richman Mon May 22, 2017 6:18 am

» KHC Vs CFT
by sameboy Sat May 20, 2017 10:50 pm

» At least 30 % return within 30 days
by kumarweerarathne Sat May 20, 2017 8:26 pm

» NIFL RACE FINISH
by Teller Sat May 20, 2017 5:50 pm

» VFIN target price -- Rs 80.00 within 2 months
by venura Sat May 20, 2017 12:07 pm

» AINV A logical choice for now!
by reyaz Sat May 20, 2017 11:02 am

» GRAN @ 65 Technically
by anges Sat May 20, 2017 1:27 am

» GOOD to Collect
by anges Sat May 20, 2017 1:26 am

» LLMP good price.
by prabath Fri May 19, 2017 7:49 pm

» NIFL RACE FINISH
by sanjeewa1234 Fri May 19, 2017 5:08 pm

» kZOO why Drop
by sanjeewa1234 Fri May 19, 2017 5:07 pm

» FLCH WILL HIT 3.50
by Winner123 Fri May 19, 2017 4:06 pm

» When will be the AINV right issue ?
by Neluka Karannagoda Fri May 19, 2017 2:34 pm

» Sri Lanka: Net foreign inflow into Sri Lankan equities top Rs. 7.71 billion year to date
by worthiness Fri May 19, 2017 1:21 pm

» RICH RICH RICH
by dow Fri May 19, 2017 11:55 am

» ABANS Unfair Offer Price
by fortuneteller Fri May 19, 2017 11:52 am

» Penny fiesta
by prabath Fri May 19, 2017 11:13 am

» VFIN.. is a Gem
by Harry82 Fri May 19, 2017 7:13 am

» GRAN Future
by DS Wijesinghe Fri May 19, 2017 5:54 am

» BLI for june
by fireshelter Fri May 19, 2017 12:52 am

» WHY GSP PLUS SHARES ARE COMING DOWN?
by reyaz Thu May 18, 2017 11:15 pm

» Why COCO still silent
by Teller Thu May 18, 2017 11:07 pm

» Wait there will be a chance to collect
by prabath Thu May 18, 2017 7:47 pm

» HEXP, WHAT IS BEHIND THE SCREEN
by Miss-Sangeetha Thu May 18, 2017 11:23 am

» TESS AGRO PLC
by MRBRAVO Thu May 18, 2017 8:42 am

» VONE.N0000 HOT SHOT .DON'T HESITATE
by The Hunter Thu May 18, 2017 8:28 am

» MALWATTE PLANTATIONS DONE WELL
by Yahapalanaya Thu May 18, 2017 3:05 am

» BLI's wife - BFN
by Maharaja Wed May 17, 2017 9:26 pm

» NIFL TRADING PRICE
by sanjeewa1234 Wed May 17, 2017 8:49 pm

» KZOO BEST PRICE
by sanjeewa1234 Wed May 17, 2017 8:47 pm

» ASI will reach to it's ever high due to all the positive economic achievements ....
by worthiness Wed May 17, 2017 8:18 pm

» Teejay ends Q3 with a revenue growth of 33-pct despite challenges
by kumarweerarathne Wed May 17, 2017 5:49 pm

» Good Interim Results for Plantation
by jsilva Wed May 17, 2017 5:39 pm

» MPORTANT ANNOUNCEMENT REGARDING DATA ON CSE WEBSITE
by D.G.Dayaratne Wed May 17, 2017 4:28 pm

» HEXP will hit 100/= rs.
by Vacations To Sri Lanka Wed May 17, 2017 1:48 pm

» MEGA BULL MARKET AHEAD
by nirowat Wed May 17, 2017 1:45 pm

» HEXP will hit with the Financial report ?
by worthiness Wed May 17, 2017 1:41 pm

» CSF.N0000 any idea
by podda2 Wed May 17, 2017 12:37 pm

» Today BOGA....
by podda2 Wed May 17, 2017 12:18 pm

» MGT.N 20+ GSP++ BOOM BOOM
by D.G.Dayaratne Wed May 17, 2017 11:44 am

» Sell Poultry stocks....
by kcrRanz Wed May 17, 2017 10:42 am

» GRAN.N000 Below 65/=
by kcrRanz Wed May 17, 2017 10:37 am

» චීන - ලංකා නිදහස් වෙළඳ ගිවිසුම මේ වසරේ දී
by kcrRanz Wed May 17, 2017 10:07 am

» GSP+ හරහා වාර්ෂිකව යූරෝ මිලියන 300 ක්
by kcrRanz Wed May 17, 2017 10:05 am

» HEXP NAVPS - 91/= EPS - 32/= . Any dividend ?
by kcrRanz Wed May 17, 2017 9:56 am

» GSP+ be effected from May 19.
by worthiness Wed May 17, 2017 9:39 am

Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

View previous topic View next topic Go down

Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

Post by Harry82 on Tue Feb 14, 2017 7:22 pm

 Shareholder profits at Sri Lanka’s Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter from a year earlier, interim accounts showed.
The group reported earnings of 14.44 rupees per share for the quarter against 8.91 rupees per share last year.
For the year ended December the group reported earnings of 53.66 rupees per share on total profits of 9.5 billion rupees, up 43.3 percent from a year earlier.
In the December quarter, interest income rose 67 percent to 17.91 billion rupees and interest expense rose 83 percent to 10.96 billion rupees. The bank grew net interest income 47 percent to 6.95 billion rupees.
Net fee and commission income rose 27 percent to 1.92 billion rupees and other operating income rose 52 percent to 1.01 billion rupees.
Individual loan loss provisions dropped 17 percent to 187 million rupees while collective provisions rose 802 percent to 364 million rupees.
In the year to December gross loans and receivable grew 22 percent to 482.88 billion rupees and deposits grew 26 percent to 513.43 billion rupees.
As at the end of December 2016, gross non performing advances ratio of Sampath Bank was 1.61 percent, down from 1.64 percent last year.
Net non performing advances ratio was 0.62 percent, up from 0.46 percent last year.
The public shareholding at the end of December 2016 was 83.36 percent comprising of 17,446 public shareholders.
The Board of Directors of the Bank has recommended an interim scrip dividend of 14 rupees and a final cash dividend of 4.75 rupees per share to be paid for the financial year ended 31st December 2016.
Further in compliance with the Bank’s Articles of Association, this dividend is to be approved by the shareholders at the Extra Ordinary General Meeting to be held on 28th February 2017.
avatar
Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2010
Equity Stars : 5732
Reputation : 45
Join date : 2012-01-18
Age : 35
Location : Colombo

Back to top Go down

Re: Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

Post by worthiness on Tue Feb 14, 2017 7:54 pm

What a disorienting achievement...
What is your immediate short term price target Harry...

worthiness
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2435
Equity Stars : 6239
Reputation : 114
Join date : 2011-04-08

Back to top Go down

Re: Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

Post by Harry82 on Tue Feb 14, 2017 8:02 pm

immediate short term target price Rs 300.00


Long term target price Rs 350.00
avatar
Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2010
Equity Stars : 5732
Reputation : 45
Join date : 2012-01-18
Age : 35
Location : Colombo

Back to top Go down

Re: Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

Post by worthiness on Tue Feb 14, 2017 8:58 pm

So both scrip & cash dividend of SAMP totaling about Rs. 18.75 per share. Isn't it?

worthiness
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2435
Equity Stars : 6239
Reputation : 114
Join date : 2011-04-08

Back to top Go down

Re: Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

Post by jayathu on Wed Feb 15, 2017 9:25 am

I have quite a bit of samp shares and my mid term target is 280 and long term target is 300.

After the scrip is issued price will come down by at least 10-15 bucks. So hopefully by the tym scrip and cash dividend is issued price will settle around 265 level.

What i predict is by the tym scrip is issued price will come down to 265 level from 275 level And after the cash dividend is issued price will come down to 260 level. From there price will slowly start to appreciate to 280 level within the yr and reach 300 level with the announcement of next yr dividend.

jayathu
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Posts : 933
Equity Stars : 2298
Reputation : 22
Join date : 2014-03-02

Back to top Go down

Re: Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

Post by Harry82 on Wed Feb 15, 2017 12:16 pm

WOW

Target
avatar
Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2010
Equity Stars : 5732
Reputation : 45
Join date : 2012-01-18
Age : 35
Location : Colombo

Back to top Go down

Re: Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

Post by Harry82 on Thu Feb 16, 2017 12:52 pm

Very Happy Very Happy Very Happy Very Happy
avatar
Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2010
Equity Stars : 5732
Reputation : 45
Join date : 2012-01-18
Age : 35
Location : Colombo

Back to top Go down

Re: Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

Post by krishna on Thu Feb 16, 2017 1:08 pm

thank you  Harry82  your comment works  Very Happy
avatar
krishna
Equity Analytic
Equity Analytic

Posts : 31
Equity Stars : 1037
Reputation : 0
Join date : 2014-09-09

Back to top Go down

Re: Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter

Post by worthiness on Thu Feb 16, 2017 8:52 pm

As per FT analysis the relative strength is in overbought range which indicates the slow movement of buying pattern. But the forecast still signals to buy as SAMP is still in outperforming stage. Last three days SAMP is in most active shares list.

worthiness
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2435
Equity Stars : 6239
Reputation : 114
Join date : 2011-04-08

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Who is online?
In total there are 129 users online :: 8 Registered, 0 Hidden and 121 Guests

AlmaMair, EquityChamp, Harry82, J-CAT, kovida, Quibit, stockback, tkc

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.