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The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
HNB Update
Sat Jul 20, 2019 3:39 pm
HNB-N was trading 200+ by the year begins. However with quarterly results coming in the stock price was crashing down steadily.
Q4 2018 - NPAT 4.7bn (-5% YoY)
Q1 2019 - NPAT 2.0bn (-57% YoY)
YoY NPAT decline was due to the aggressive provisioning for bad loan requirements under new laws where HNB had to provide close to 5bn provision each during the last two quarters.
The stock technically slipped to oversold territory since early May and remains within oversold region until the 2nd week of July. However a technical recovery can be seen since the beginning of current week. The stock price recovered from a low of 133/- to 145/- as at close on Friday. This is largely due to increased market momentum @ CSE in general and a renewed interest on the heavily beaten down sector due to possible interest rate cuts.
On technical grounds HNB stock's RSI has improved to 72 shifting from over-sold region to lower limits of over-bought region within a week. Close to 700k volume changed hand in the week.
We can expect the Q2 results of the bank to be very similar with that of Q1 where >50% drop in PAT YoY with similar huge lending provision. However if the market positivism carries to next week as well then we could expect the stock price to enter 152-155 range in the short term.
Q4 2018 - NPAT 4.7bn (-5% YoY)
Q1 2019 - NPAT 2.0bn (-57% YoY)
YoY NPAT decline was due to the aggressive provisioning for bad loan requirements under new laws where HNB had to provide close to 5bn provision each during the last two quarters.
The stock technically slipped to oversold territory since early May and remains within oversold region until the 2nd week of July. However a technical recovery can be seen since the beginning of current week. The stock price recovered from a low of 133/- to 145/- as at close on Friday. This is largely due to increased market momentum @ CSE in general and a renewed interest on the heavily beaten down sector due to possible interest rate cuts.
On technical grounds HNB stock's RSI has improved to 72 shifting from over-sold region to lower limits of over-bought region within a week. Close to 700k volume changed hand in the week.
We can expect the Q2 results of the bank to be very similar with that of Q1 where >50% drop in PAT YoY with similar huge lending provision. However if the market positivism carries to next week as well then we could expect the stock price to enter 152-155 range in the short term.
pjrngroup- Posts : 444
Join date : 2015-11-01
Re: HNB Update
Tue Jul 23, 2019 9:59 am
HNB customer base is reduced considerably due to poor customer service as well. Slightly another contributing factor.
i have 3 acconunts with HNB, but not operating them anymore.
I have been a customer of HNB since 2004, but will not recommend to anyone.
i have 3 acconunts with HNB, but not operating them anymore.
I have been a customer of HNB since 2004, but will not recommend to anyone.
- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
Re: HNB Update
Fri Jul 26, 2019 3:20 pm
WoW. Nice work from HNB. While many stocks are just on free flowing conditions happy to see that HNB has taken the batten in to hand to move CSE.
Today gain alone 12/- which is massive. When I checked the charts on last Friday HNB closed @ 145/- & here comes within one week it moved by 25/-. A massive massive appreciation. And I think some more to be come in next week too.
Many thanks HNB
Today gain alone 12/- which is massive. When I checked the charts on last Friday HNB closed @ 145/- & here comes within one week it moved by 25/-. A massive massive appreciation. And I think some more to be come in next week too.
Many thanks HNB
- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
Re: HNB Update
Mon Jul 29, 2019 11:10 am
Another 15/- rupee up move today and largely responsible for today's 85 point gain so far.
Goodness me now I am fall in love with this stock.
Goodness me now I am fall in love with this stock.
- sereneTop contributor
- Posts : 4850
Join date : 2014-02-26
Re: HNB Update
Mon Jul 29, 2019 11:30 am
The Invisible wrote:Another 15/- rupee up move today and largely responsible for today's 85 point gain so far.
Goodness me now I am fall in love with this stock.
Happy for You mate though I don't hold.
My affection is with SAMP and SEYB.X.
- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
Re: HNB Update
Tue Jul 30, 2019 8:32 pm
HNB touched 199/- intra day and settling @ 187/- still up by 4/- despite market loosing 43 points. 
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