The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
HNB Update EmptyYesterday at 11:51 pm by sanjulanka

» Thread for News on Local and Foreign Politics
HNB Update EmptyYesterday at 8:46 am by The Invisible

» Thread for News on CSE and SL Economy
HNB Update EmptySat Aug 24, 2019 8:37 am by The Invisible

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
HNB Update EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» Dividend Announcement
HNB Update EmptyFri Aug 23, 2019 8:16 pm by Rana

» JKH - 155/00 Breakout is pending
HNB Update EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
HNB Update EmptyFri Aug 23, 2019 2:12 pm by pjrngroup

» Browns Investments update
HNB Update EmptyFri Aug 23, 2019 10:08 am by sanjulanka

» Thread for News on International Markets
HNB Update EmptyFri Aug 23, 2019 9:34 am by The Invisible

» Tokyo as at 21.08.2019 Morning
HNB Update EmptyWed Aug 21, 2019 10:07 am by nisashi

» අනං මනං! #/+?.<>
HNB Update EmptyTue Aug 20, 2019 8:18 pm by ruwan326

» What Would You Do?
HNB Update EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
HNB Update EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
HNB Update EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
HNB Update EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
HNB Update EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
HNB Update EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
HNB Update EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
HNB Update EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» Hayleys MGT
HNB Update EmptyFri Aug 16, 2019 8:55 pm by ruwan326

» CFVF - First Capital
HNB Update EmptyFri Aug 16, 2019 9:58 am by CK

» JINS.N0000 ( Janashakthi Insurance PLC)
HNB Update EmptyWed Aug 14, 2019 4:57 pm by The Invisible

» Ceylinco Insurance CINS
HNB Update EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
HNB Update EmptyWed Aug 14, 2019 9:15 am by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
HNB Update EmptyWed Aug 14, 2019 9:11 am by The Invisible

» Tourism Sector
HNB Update EmptyWed Aug 14, 2019 4:55 am by NIRMALSG

» LIOC.N0000 (Lanka IOC PLC)
HNB Update EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
HNB Update EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
HNB Update EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
HNB Update EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
HNB Update EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
HNB Update EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
HNB Update EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
HNB Update EmptySat Aug 10, 2019 6:33 pm by The Invisible

» JKH.N0000
HNB Update EmptySat Aug 10, 2019 11:38 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
HNB Update EmptySat Aug 10, 2019 10:42 am by The Invisible

» Nestle NEST
HNB Update EmptySat Aug 10, 2019 10:28 am by The Invisible

» Ceylon Tobacco CTC
HNB Update EmptySat Aug 10, 2019 10:26 am by The Invisible

» Volkswagen කතාවේ ඇත්ත තත්ත්වය මෙහෙමයි.
HNB Update EmptyFri Aug 09, 2019 5:37 pm by කිත්සිරි ද සිල්වා

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
HNB Update EmptyFri Aug 09, 2019 5:07 pm by Ethical Trader

» VFIN - where the journey leads it?
HNB Update EmptyFri Aug 09, 2019 9:21 am by ruwan326

» UAL.N0000 ( UNION ASSURANCE PLC )
HNB Update EmptyFri Aug 09, 2019 9:20 am by ruwan326

» SPEN.N0000
HNB Update EmptyThu Aug 08, 2019 10:20 pm by The Invisible

» Lanka Tiles
HNB Update EmptyThu Aug 08, 2019 10:15 pm by The Invisible

» Expolanka
HNB Update EmptyThu Aug 08, 2019 8:28 pm by ruwan326

» Tile - Snapshot
HNB Update EmptyThu Aug 08, 2019 11:37 am by mymoney

» DPL.N0000 (Dankotuwa Porcelain PLC)
HNB Update EmptyThu Aug 08, 2019 11:31 am by mymoney

» නිරුවත
HNB Update EmptyThu Aug 08, 2019 9:36 am by කිත්සිරි ද සිල්වා

» HAYC - Haycarb
HNB Update EmptyThu Aug 08, 2019 7:32 am by Beta

» WATA - Watawala
HNB Update EmptyWed Aug 07, 2019 12:03 pm by lanka

August 2019
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

HNB Update

Go down

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.
The Invisible
The Invisible

Posts : 1189
Join date : 2016-11-28
Age : 39

Back to top Go down

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.

pjrngroup

Posts : 401
Join date : 2015-11-01

Back to top Go down

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
The Invisible
The Invisible

Posts : 1189
Join date : 2016-11-28
Age : 39

Back to top Go down

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
The Invisible
The Invisible

Posts : 1189
Join date : 2016-11-28
Age : 39

Back to top Go down

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
Top contributor
Top contributor

Posts : 4649
Join date : 2014-02-26

Back to top Go down

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
The Invisible
The Invisible

Posts : 1189
Join date : 2016-11-28
Age : 39

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum