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» In the Meantime, Within Our Shores !
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» Obituary Notice.
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» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
HNB Update EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
HNB Update EmptyThu Jan 02, 2020 9:20 am by Admin

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» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
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» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
HNB Update EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
HNB Update EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
HNB Update EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
HNB Update EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
HNB Update EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
HNB Update EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
HNB Update EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
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» 65 Ways to Make Money Online
HNB Update EmptyTue Dec 24, 2019 9:24 am by Topcat

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HNB Update EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
HNB Update EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
HNB Update EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
HNB Update EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
HNB Update EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
HNB Update EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
HNB Update EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
HNB Update EmptyTue Dec 10, 2019 5:23 pm by Backstage

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HNB Update

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HNB Update Empty HNB Update

Post by The Invisible on 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.
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HNB Update Empty Re: HNB Update

Post by pjrngroup on 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.

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HNB Update Empty Re: HNB Update

Post by The Invisible on 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 cheers santa
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HNB Update Empty Re: HNB Update

Post by The Invisible on 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. bounce
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HNB Update Empty Re: HNB Update

Post by serene on 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. bounce

Happy for You mate though I don't hold. cheers
My affection is with SAMP and SEYB.X.

serene
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HNB Update Empty Re: HNB Update

Post by The Invisible on Tue Jul 30, 2019 8:32 pm

HNB touched 199/- intra day and settling @ 187/- still up by 4/- despite market loosing 43 points. flower
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