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» Technology~විද්‍යාව ~ Wisdom
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyToday at 6:54 am by ruwan326

» අනං මනං! #/+?.<>
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyMon Nov 11, 2019 12:38 pm by nihal123

» Thread for News on CSE and SL Economy
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyMon Nov 11, 2019 10:51 am by ruwan326

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySun Nov 10, 2019 7:37 pm by ruwan326

» What's 5G?
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySat Nov 09, 2019 3:14 pm by Afourer

» ACL කේබල්ස් ට රුපියල් මිලියන 789 ක ඒරියල් බන්ඩල් සන්නායක කොන්ත්‍රාත්තුවක්
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySat Nov 09, 2019 7:50 am by කිත්සිරි ද සිල්වා

» ලාෆ් ගෑස් සමාඟමට එරෙහිව විනිමය කොමිසමෙන් නඩු
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySat Nov 09, 2019 3:05 am by Rana

» CFVF - First Capital
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Nov 08, 2019 8:36 pm by hammurabi

» Dividend Announcement
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Nov 08, 2019 11:03 am by nihal123

» Hayleys MGT
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyWed Nov 06, 2019 10:13 pm by seek

» Thought for the day...
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyWed Nov 06, 2019 10:24 am by ruwan326

» මෑතකාලීන ආර්ථික ප්‍රවණතා: 2019 සුවිශේෂ සිදුවීම් සහ 2020 අපේක්ෂාවන්
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyTue Nov 05, 2019 1:22 pm by nihal123

» DIPD.N0000 (Dipped Products)
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySun Nov 03, 2019 9:13 pm by spw19721

» IMF approves disbursement of USD 164 million for Sri Lanka
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySun Nov 03, 2019 6:50 pm by Backstage

» Recent tax developments on residential condominium properties
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySun Nov 03, 2019 5:56 pm by Backstage

» Local Palm Oil Industry
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySun Nov 03, 2019 4:44 am by serene

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySat Nov 02, 2019 10:00 pm by hammurabi

» LPL.N0000
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Nov 01, 2019 8:35 pm by Admin

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySun Oct 27, 2019 9:08 pm by PANTOMATH

» දුක බෙදාගත් හැටි
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySun Oct 27, 2019 6:48 pm by serene

» මේ විදියට තව අවුරුදු 5ක් ගියොත් දකුණු ආසියාවේ දුප්පත්ම රට බවට ශ්‍රී ලංකාව පත්වේවි – මහාචාර්ය එච්.ඩී. කරුණාරත්න
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Oct 25, 2019 9:31 pm by ruwan326

» KFP.N0000(Keels Food Products PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Oct 25, 2019 8:26 am by yellow knife

» CCS.N0000 ( Ceylon Cold Stores)
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyThu Oct 24, 2019 5:57 pm by dhanurrox

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyThu Oct 24, 2019 10:13 am by lanka

» Forex Trading කළොත් නඩු
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyWed Oct 23, 2019 11:09 am by nihal123

» East West properties
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyWed Oct 23, 2019 7:00 am by slstock

» Food and Beverages
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyMon Oct 21, 2019 7:54 am by කිත්සිරි ද සිල්වා

» Devolution of power, civil wars, altruism, nepotism in animal world
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Oct 18, 2019 10:15 pm by Backstage

» RCL - Royal Ceramics
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyMon Oct 14, 2019 12:47 pm by seek

» Performance of the Market-Weekly
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Oct 11, 2019 4:08 pm by Backstage

» CLND Not to miss
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyThu Oct 10, 2019 9:24 am by ruwan326

» අපි නොදන්න ගීතයක කතාව
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Oct 04, 2019 11:55 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyThu Sep 26, 2019 2:44 pm by chutiputha

» Films - To Watch List
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Sep 20, 2019 8:38 am by Topcat

» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Sep 20, 2019 7:53 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

» Trading Journal
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyWed Sep 18, 2019 9:01 am by CK

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
SAMP.N0000 (SAMPATH BANK PLC) - Page 8 EmptyFri Sep 06, 2019 6:00 am by sanjulanka

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SAMP.N0000 (SAMPATH BANK PLC)

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SAMP.N0000 (SAMPATH BANK PLC) - Page 8 Empty Re: SAMP.N0000 (SAMPATH BANK PLC)

Post by NIRMALSG on Thu Jul 25, 2019 5:12 pm

ruwan326 wrote:I like to wait for QR.......... This might be the cooling off for ASI   Wink 02nd August probably... Or journey continue towards 6000 Very Happy  ....

Have doubt, whether there will be any impact on Bullish market movement like this Very Happy Very Happy
NIRMALSG
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Location : Colombo

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SAMP.N0000 (SAMPATH BANK PLC) - Page 8 Empty Re: SAMP.N0000 (SAMPATH BANK PLC)

Post by hammurabi on Thu Jul 25, 2019 7:33 pm

Did anyone notice foreign selling?
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SAMP.N0000 (SAMPATH BANK PLC) - Page 8 Empty Re: SAMP.N0000 (SAMPATH BANK PLC)

Post by The Invisible on Fri Jul 26, 2019 11:23 pm

Hear you go the numbers for Sampath bank. Please note these numbers were prepared based on certain assumptions and my own opinion of their future performances. Yours may be different.

Below is the snapshot for the Q2-Q4 19 numbers.
[You must be registered and logged in to see this link.]

Notes
a) Q2 18 loan loss provision is an estimated restatement from the actual reported based on how the Bank restated the Q1 18 figure

b) Q2-Q4 net interest margin is estimated to improve QoQ given that the bank will have the advantage of earning money from the proceeds of three rights issues concluded within last two years. (They have raised about 32bn in total)

c) Additional tax on account of debt repayment levy is also included Q2-Q4

Ok, here is my observations

a) Estimated EPS will be around Rs 30/- for FY 2019 from a total PAT of 11bn; this is almost similar to the restated NPAT of 2018. Looks amazing that even with such a detrimental situation for Banks one can maintain the earnings!!!

b) Estimated NBV of Sampath share to be 275/ as at June 2019 considering the rights proceeds received from the third rights issue

c) As per the closing price of today, 168/- Sampath bank was trading at a forward PE of 5.5x and a PBV of 0.6x. The same stock was trading at a PBV of 0.73x as at the end of last year

d) This is out of the calculations. From the third rights issue there were 25.5mn rights shares left unsubscribed due to pathetic investor appetite and the bank has given this to non shareholders highly likely to some funds @ 135/- each. When the market is coming back to alive I guess those funds who got Sampath @ 135/- are selling now @ a decent profit and may be some existing shareholders are increasing their stakes.

Conclusions

In any case a stock like Sampath having such a good earnings growth capability trading at a PBV of 0.6x or PE of 5.5x is completely ridicules to me. But due to the lethargic market sentiment prevailed until just 2-3 weeks ago can justify that price too. Also as I stated previously as well the three rights issues within two year period may have jolted investor confidence even more as well to push the share price towards those abysmal levels.

However if the market sentiment prevails like this and if some investor-liking political developments can take place in the months to come there is strong chance for the stock to move to the range of 180-190 in short term. Further if they can show the YoY growth in earnings from Q3 19 onwards similar to what I have estimated then going back to Rs200 + range again will be a highly possibility in the mid term.
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SAMP.N0000 (SAMPATH BANK PLC) - Page 8 Empty Re: SAMP.N0000 (SAMPATH BANK PLC)

Post by NIRMALSG on Sat Jul 27, 2019 4:51 am

Thanks Invisible for your effort.

I'm also believe if this market conditions continues, SAMP will easily pass 200+.
Last couple of days, we could noticed that foreign selling for SAMP has been stop. Instead SAMP seams moving to foreign buy side.

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Post by NEWER on Sat Jul 27, 2019 6:15 am

Great job Invisible

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SAMP.N0000 (SAMPATH BANK PLC) - Page 8 Empty Re: SAMP.N0000 (SAMPATH BANK PLC)

Post by serene on Sat Jul 27, 2019 8:21 am

The Invisible wrote:Hear you go the numbers for Sampath bank. Please note these numbers were prepared based on certain assumptions and my own opinion of their future performances. Yours may be different.

Below is the snapshot for the Q2-Q4 19 numbers.
[You must be registered and logged in to see this link.]

Notes
a) Q2 18 loan loss provision is an estimated restatement from the actual reported based on how the Bank restated the Q1 18 figure

b) Q2-Q4 net interest margin is estimated to improve QoQ given that the bank will have the advantage of earning money from the proceeds of three rights issues concluded within last two years. (They have raised about 32bn in total)

c) Additional tax on account of debt repayment levy is also included Q2-Q4

Ok, here is my observations

a) Estimated EPS will be around Rs 30/- for FY 2019 from a total PAT of 11bn; this is almost similar to the restated NPAT of 2018. Looks amazing that even with such a detrimental situation for Banks one can maintain the earnings!!!

b) Estimated NBV of Sampath share to be 275/ as at June 2019 considering the rights proceeds received from the third rights issue

c) As per the closing price of today, 168/- Sampath bank was trading at a forward PE of 5.5x and a PBV of 0.6x. The same stock was trading at a PBV of 0.73x as at the end of last year

d) This is out of the calculations. From the third rights issue there were 25.5mn rights shares left unsubscribed due to pathetic investor appetite and the bank has given this to non shareholders highly likely to some funds @ 135/- each. When the market is coming back to alive I guess those funds who got Sampath @ 135/- are selling now @ a decent profit and may be some existing shareholders are increasing their stakes.

Conclusions

In any case a stock like Sampath having such a good earnings growth capability trading at a PBV of 0.6x or PE of 5.5x is completely ridicules to me. But due to the lethargic market sentiment prevailed until just 2-3 weeks ago can justify that price too. Also as I stated previously as well the three rights issues within two year period may have jolted investor confidence even more as well to push the share price towards those abysmal levels.

However if the market sentiment prevails like this and if some investor-liking political developments can take place in the months to come there is strong chance for the stock to move to the range of 180-190 in short term. Further if they can show the YoY growth in earnings from Q3 19 onwards similar to what I have estimated then going back to Rs200 + range again will be a highly possibility in the mid term.
Thanks Mate.

serene
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SAMP.N0000 (SAMPATH BANK PLC) - Page 8 Empty Re: SAMP.N0000 (SAMPATH BANK PLC)

Post by The Invisible on Sat Aug 10, 2019 10:31 am

Sampath Bank net down 39-pct as bad loans bite

ECONOMYNEXT - Profits at Sri Lanka's Sampath Bank Plc fell 39 percent to 2.06 billion rupees in the June 2019 quarter from a year earlier, as bad loans spiked amid weak credit growth, interim accounts showed.

The group reported earnings of 6.84 rupees per share.

Interest income grew 5.6 percent in the June 2019 quarter to 27.1 billion rupees, interest expenses grew 7.7 percent 16.8 billion rupees and net interest income grew at a slower 2.2 percent.

From December 2018 to June 2019 customer loans grew 1.7 percent. The bank instead had bought bonds, with the portfolio growing 32 percent to 160 billion rupees.

Loan loss provisions spiked 68 percent to 4.0 billion rupees in the June 2019 quarter from a year earlier.

Sri Lanka was hit by monetary instability in 2018 with the central bank printed money from the end of the first quarter just as the credit system recovered from a balance of payments crisis in 2015 and 2016. Instability was worsened by a political crisis in October.

As the monetary system stabilized in the first quarter with capital flight ending, suicide bombers struck on Easter Sunday.

Gross non-performing loan ratio grew 5.66 percent in June from 3.69 percent in December.

Value added tax fell 19 percent to 875 million rupees, nation building tax fell 10 percent to 117 billion rupees while a new debt repayment levy of 480 million rupees was charged.

Income tax fell 32 percent to 1.0 billion rupees as profits fell.
Gross assets grew 1.5 percent to 961 billion rupees. Net assets grew 15.9 billion rupees to 104.9 billion rupees.
Tier 1 capital was 14 percent by June up from 12 percent in December with a capital boost. Total capital was 18.1 percent up from 15.73 percent. (Colombo/Aug09/2019)
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Post by nuwanmja on Sat Aug 17, 2019 12:44 pm

thanks Invi

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