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HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC) EmptyTue Mar 17, 2020 12:59 pm by yellow knife

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» Contagion (2011)
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HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC)

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HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC) Empty HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC)

Post by yellow knife on Fri Oct 16, 2015 2:32 pm

This bank is dedicated for Housing Loans. However the new Act No 45 of 2011 enabled the bank to Diversify its activities while keeping focus on Housing Loans.

The highest loan disbursements of the bank recorded in 2014. That is 27,000 loan facilities at the value of Rs 9 Billion.

Sri Lanka's total housing finance outstanding is around Rs 340 Billion which represents about 10% of GDP . Researchers project that it may reach 20% by 2020.

This is a good news for Housing Financiers as well as all construction related companies.


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Post by yellow knife on Fri Oct 16, 2015 2:35 pm

Sri Lanka in general show an overall growth after 2011 as if climbing one slab up. That is shown in Revenue chart above and other finance companies, vehicle companies all prove that.

Yet EPS shows the efficiency of management than just sailing with the wind.


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HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC) Empty Re: HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC)

Post by yellow knife on Fri Oct 16, 2015 2:36 pm

EPS comparison with the other players of the industry.

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HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC) Empty Re: HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC)

Post by yellow knife on Fri Oct 16, 2015 2:38 pm

Once Central Fiance PLC's earning removed

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Post by yellow knife on Fri Oct 16, 2015 2:39 pm

Net Assets of the company

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HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC) Empty Re: HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC)

Post by yellow knife on Fri Oct 16, 2015 2:40 pm

HDFC remained over valued in most of its history

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Post by yellow knife on Fri Oct 16, 2015 2:42 pm

HDFC is also record a bubble in 2008.

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Post by yellow knife on Fri Oct 16, 2015 2:43 pm

PE ratio remained un attractive in past as well as in present

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Post by yellow knife on Fri Oct 16, 2015 2:48 pm

HDFC is another traders heaven

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Post by yellow knife on Fri Oct 16, 2015 2:50 pm

Above chart shows a careful trader can double his income by just following HDFC carefully

To clear the picture I have removed 2008 as it distort the spread between high and low in other years

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Post by yellow knife on Fri Oct 16, 2015 2:51 pm

Revenue of the finance related firms analyzed so far

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Post by yellow knife on Fri Oct 16, 2015 2:57 pm

Palm Top mobile banking is efficiently used by PLC.N and surprisingly even HDFC.N is also not far behind this new technology.

HDFC has already got 15,000 active accounts through Palm Top mobile banking.

Palm Top banking is competing with informal financial sector widely spread in Pettah and commercial hubs and known as Daily-Collectors.

HDFC is really doing a service by tapping these neglected sectors of low income earners.

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Post by yellow knife on Fri Oct 16, 2015 3:07 pm

Annual report states that the bank increase the financial literacy by providing housing loans against EPF.
EPF monies are left untouched, we raise awareness of how employees can avail themselves of loans against their EPF balances to upgrade, improve or purchase a house.


Housing loans are considered affordable if the monthly installment is less than 40% of the householder's income.

While having all these EPF collateral and lending criteria, the NPL of the bank is increasing.

NPL has gone up to 9.81% from 7.26% of 2013.

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Post by yellow knife on Fri Oct 16, 2015 3:14 pm

HDFC is now diversifying the product portfolio and upto 2014 there were no leasing facilities granted.

But now HDFC is also into leasing

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Post by nis2008 on Thu Oct 22, 2015 1:00 pm

any new ideas about HDFC.
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Post by yellow knife on Thu Oct 22, 2015 1:10 pm

Its a share for trading

Buy it low sell it high and dont hold

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Post by nis2008 on Thu Oct 22, 2015 1:11 pm

Is CMP good to enter or should wait

yellow knife wrote:Its a share for trading

Buy it low sell it high and dont hold
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Post by yellow knife on Thu Oct 22, 2015 1:25 pm

Nis

I am not a trader nor an expert on technical analysis.

For me to enter I would wait and watch carefully... in this up trend of many other shares no one want to enter HDFC.. so the price may further come down.. yet when we evaluate past prices of the share this is good value.. so if you want enter very slowly.. may be 100 shares or even less per time..

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Post by nis2008 on Thu Oct 22, 2015 1:32 pm

thank you sir for the idea.
yellow knife wrote:Nis

I am not a trader nor an expert on technical analysis.

For me to enter I would wait and watch carefully... in this up trend of many other shares no one want to enter HDFC.. so the price may further come down.. yet when we evaluate past prices of the share this is good value.. so if you want enter very slowly.. may be 100 shares or even less per time..
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HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC) Empty Re: HDFC.N0000 (Housing Development and Finance Corporation Bank of Sri Lanka PLC)

Post by yellow knife on Tue Aug 09, 2016 3:20 pm

HDFC being a specialized bank for Housing, found it difficult to solely depend on housing loans as banks compete in this sector. Thus the bank has reduced its 96% dominance to 89% in housing sector. It is expected to reach 70: 30 ratio in housing loans to other loans by 2017.

Company is evaluating possibility of increasing the capital and the means to do so.

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Post by yellow knife on Tue Aug 09, 2016 3:21 pm

EPS has seen few cycles than maintaining continuous incline...

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Post by yellow knife on Tue Aug 09, 2016 3:23 pm

Net Asset Value is now reaching the levels of Market Value..

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Post by ruwan326 on Thu Jun 13, 2019 7:48 pm

Financial Performance- Period ended 31 March 2019

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Post by The Invisible on Mon Aug 05, 2019 10:29 am

HDFC gets Rs250m capital injection from tax-payers

ECONOMYNEXT - Sri Lanka's HDFC Bank, a publicly traded mortgage lender with the state as main shareholder said it has received a 250 million rupee injection from the Treasury to meet capital requirements.

HDFC said in a stock exchange filing it had received the money in the form of a non-convertible perpetual debt.

Together with internally generated funds, the firm said it had met a 5.0 billion rupees minimum capital requirement set by the central bank.

The central bank had given approval for the Additional Tier 1 (AT1) bond to be included in capital. (Colombo/Aug04/2019)
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