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Sri Lanka Equity Forum » Stock Market Talk » Beware of banking stocks

Beware of banking stocks

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1 Beware of banking stocks on Sun Dec 10, 2017 7:10 am

TuTanKaman


Senior Equity Analytic
Senior Equity Analytic
Profits of banks are expected to decrease drastically due to tax on banking trx. Further implementation of slfrs 9 will have at least 30% increase in loan loss provisions

2 Re: Beware of banking stocks on Mon Dec 11, 2017 11:12 pm

dsam

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
according this share moving pattern banking shares should go down.

3 Re: Beware of banking stocks on Tue Dec 12, 2017 5:40 pm

prasa2004


Manager - Equity Analytics
Manager - Equity Analytics
Today foreigners have purchased many banking counters COMB/SAMP/NDB 
I believe with interest rate coming down, banks who have more Fixed term Loans than FDs, will give good returns. DFCC/NDB will be more benefited as their project loans generally longer tenor

4 Re: Beware of banking stocks on Thu Dec 28, 2017 10:22 pm

EquityChamp

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Moderator
@TuTanKaman wrote:Profits of banks are expected to decrease drastically  due to tax on banking trx. Further implementation of slfrs 9 will have at least 30% increase in loan loss provisions

This particular tax can easily be recovered through a simple interest rate margin adjustment. This fear has been there for many years after different budget proposals but every year banks have been able to record strong growth in earnings. This time too the story will be the same.

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