The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
When Will It Be Safe To Invest In The Stock Market Again?Wed Apr 19, 2023 6:41 amකිත්සිරි ද සිල්වා
Dividend AnnouncementsWed Apr 12, 2023 5:41 pmකිත්සිරි ද සිල්වා
MAINTENANCE NOTICE / නඩත්තු දැනුම්දීමThu Apr 06, 2023 3:18 pmකිත්සිරි ද සිල්වා
SEYB.N0000 (Seylan Bank PLC)Thu Mar 30, 2023 9:25 amyellow knife
The Korean Way !Wed Mar 29, 2023 7:09 amකිත්සිරි ද සිල්වා
In the Meantime Within Our Shores! Mon Mar 27, 2023 5:51 pmකිත්සිරි ද සිල්වා
What is Known as Dementia?Fri Mar 24, 2023 10:09 amකිත්සිරි ද සිල්වා
SRI LANKA TELECOM PLC (SLTL.N0000)Mon Mar 20, 2023 5:18 pmකිත්සිරි ද සිල්වා
THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)Mon Mar 20, 2023 5:10 pmකිත්සිරි ද සිල්වා
Equinox ( වසන්ත විෂුවය ) !Mon Mar 20, 2023 4:28 pmකිත්සිරි ද සිල්වා
COMB.N0000 (Commercial Bank of Ceylon PLC)Sun Mar 19, 2023 4:11 pmකිත්සිරි ද සිල්වා
REXP.N0000 (Richard Pieris Exports PLC)Sun Mar 19, 2023 4:02 pmකිත්සිරි ද සිල්වා
RICH.N0000 (Richard Pieris and Company PLC)Sun Mar 19, 2023 3:53 pmකිත්සිරි ද සිල්වා
Do You Have Computer Vision Syndrome?Sat Mar 18, 2023 7:36 amකිත්සිරි ද සිල්වා
LAXAPANA BATTERIES PLC (LITE.N0000)Thu Mar 16, 2023 11:23 amකිත්සිරි ද සිල්වා
What a Bank Run ?Wed Mar 15, 2023 5:33 pmකිත්සිරි ද සිල්වා
104 Technical trading experiments by HUNTERWed Mar 15, 2023 4:27 pmkatesmith1304
GLAS.N0000 (Piramal Glass Ceylon PLC)Wed Mar 15, 2023 7:45 amකිත්සිරි ද සිල්වා
Cboe Volatility Index Tue Mar 14, 2023 5:32 pmකිත්සිරි ද සිල්වා
AHPL.N0000Sun Mar 12, 2023 4:46 pmකිත්සිරි ද සිල්වා
TJL.N0000 (Tee Jey Lanka PLC.)Sun Mar 12, 2023 4:43 pmකිත්සිරි ද සිල්වා
CTBL.N0000 ( CEYLON TEA BROKERS PLC)Sun Mar 12, 2023 4:41 pmකිත්සිරි ද සිල්වා
COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))Fri Mar 10, 2023 4:43 pmyellow knife
Bitcoin and Cryptocurrency Fri Mar 10, 2023 1:47 pmකිත්සිරි ද සිල්වා
CSD.N0000 (Seylan Developments PLC)Fri Mar 10, 2023 10:38 amyellow knife
PLC.N0000 (People's Leasing and Finance PLC) Thu Mar 09, 2023 8:02 amකිත්සිරි ද සිල්වා
Bakery Products ?Wed Mar 08, 2023 5:30 pmකිත්සිරි ද සිල්වා
NTB.N0000 (Nations Trust Bank PLC)Sun Mar 05, 2023 7:24 amකිත්සිරි ද සිල්වා
Going South Sat Mar 04, 2023 10:47 amකිත්සිරි ද සිල්වා
When Seagulls Follow the TrawlerThu Mar 02, 2023 10:22 amකිත්සිරි ද සිල්වා
Re-activatingSat Feb 25, 2023 5:12 pmකිත්සිරි ද සිල්වා
SAMP.N0000 (Sampath Bank PLC)Wed Nov 30, 2022 8:24 amකිත්සිරි ද සිල්වා
APLA.N0000 (ACL Plastics PLC)Fri Nov 18, 2022 7:49 amකිත්සිරි ද සිල්වා
AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.Wed Nov 16, 2022 9:28 pmකිත්සිරි ද සිල්වා
Banks, Finance & Insurance Sector ChartTue Nov 15, 2022 5:26 pmකිත්සිරි ද සිල්වා
VPEL.N0000 (Vallibel Power Erathna PLC)Sun Nov 13, 2022 12:15 pmකිත්සිරි ද සිල්වා
DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.Mon Nov 07, 2022 6:36 pmකිත්සිරි ද සිල්වා
WATA - WatawalaSat Nov 05, 2022 8:44 amකිත්සිරි ද සිල්වා
KFP.N0000(Keels Food Products PLC)Sat Nov 05, 2022 8:42 amකිත්සිරි ද සිල්වා
Capital Trust Broker in difficulty?Fri Oct 21, 2022 5:25 pmකිත්සිරි ද සිල්වා
IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?Thu Oct 20, 2022 10:13 amකිත්සිරි ද සිල්වා
What Industry Would You Choose to Focus?Tue Oct 11, 2022 6:39 pmකිත්සිරි ද සිල්වා
Should I Stick Around, or Should I Follow Others' Lead?Tue Oct 11, 2022 9:07 amකිත්සිරි ද සිල්වා
DV-2024 Program: Online RegistrationThu Oct 06, 2022 11:26 amකිත්සිරි ද සිල්වා
Tile - SnapshotWed Sep 28, 2022 12:45 pmකිත්සිරි ද සිල්වා
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

SAMP.N0000 (Sampath Bank PLC)

+38
Rational Investor
Danidu
slstock
nuwanmja
NEWER
pathfinder
pjrngroup
dhanurrox
puliyanam
hammurabi
malanp
nihal123
CK
NIRMALSG
Fireandwater
LSE
ruwan326
Brave Heart
lanka
xmart
serene
PANTOMATH
HUNTER
hariesha
Leon
Backstage
sashimaal
The Invisible
කිත්සිරි ද සිල්වා
Jana1
Ethical Trader
Rana
Yin-Yang
balapas
blacknights
First Guy
Axe
yellow knife
42 posters
Go down
avatar
Niru
Posts : 16
Join date : 2015-08-22

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Mon Jun 01, 2020 7:55 pm
Message reputation : 100% (2 votes)
[You must be registered and logged in to see this image.]

JBS
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Mon Jun 01, 2020 10:12 pm
Message reputation : 100% (1 vote)
Two-Digit Zone is a real possibility. Sad
slstock
slstock
Veteran
Veteran
Posts : 6216
Join date : 2014-06-12

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Mon Jun 01, 2020 10:53 pm
Message reputation : 100% (2 votes)
කිත්සිරි ද සිල්වා wrote:Two-Digit Zone is a real possibility. Sad

Kithsiri, why worry? 
I thought you don't care about short term issues.
( hey I did issue you a short term be careful too last week Wink )

Well  now am in the  Sampath passenger boat too.
But depending on the market play on SAMP tommorow,
this  short trade  I got into  ( to benefit from the dividend ) might make
me a  loser unless I find a way to hold longer.

Maybe I should have stuck to my initial sense as mentioned before.
But today SAMP drop was too tempting to not buy some. 

Oh well, atleast I will get the dividend.

For sake all Samp holders, I hope the big sellers exit before  XD

Maybe by luck of irish, it might go up tomorrow haha


Last edited by slstock on Mon Jun 01, 2020 11:36 pm; edited 1 time in total
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Mon Jun 01, 2020 11:28 pm
Not worried at all.
This and a few others have been in my Pf for too long.
And I can wait another two more decades before I hang my boots and call it a day.
Only saddened because of how the MARKET treats such a good & reliable counter.  Very Happy
slstock wrote:
කිත්සිරි ද සිල්වා wrote:Two-Digit Zone is a real possibility. Sad

Kithsiri, why worry? 
I thought you don't care about short term issues.
( hey I did issue you a short term be careful too last week Wink )

Well  now am in  Sampath boat passenger too.
But depending on the market play on SAMP tommorow,
this  short trade  I got into  ( to benefit from the dividend ) might make me loser
unless I find a way to hold longer.

I should have stuck to initial my   sense and guts.
But today drop was too tempting to not buy some. 

For sake all Samp holders, I hope the big sellers exit before  XD
Yin-Yang
Yin-Yang
Posts : 1321
Join date : 2016-03-12

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 02, 2020 10:12 am
Message reputation : 100% (2 votes)
slstock wrote:
කිත්සිරි ද සිල්වා wrote:Two-Digit Zone is a real possibility. Sad

+
+
+

Well  now am in the  Sampath passenger boat too.
But depending on the market play on SAMP tommorow,
this  short trade  I got into  ( to benefit from the dividend ) might make
me a  loser unless I find a way to hold longer.

+
+
+

What they say is true after all it seems;
"When a short term trade is messed up, it will automatically become a long term strategic hold"
pathfinder
pathfinder
Top contributor
Top contributor
Posts : 1450
Join date : 2014-02-23

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 02, 2020 5:31 pm
Tomorrow is XD for SAMP,can expect a drop to 103-105 range,If it come below this belt is a bonus for LT holders.I'm planning to buy some for compounding.
slstock
slstock
Veteran
Veteran
Posts : 6216
Join date : 2014-06-12

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 02, 2020 5:56 pm
Message reputation : 100% (3 votes)
Yin-Yang wrote:
slstock wrote:
කිත්සිරි ද සිල්වා wrote:Two-Digit Zone is a real possibility. Sad

+
+
+

Well  now am in the  Sampath passenger boat too.
But depending on the market play on SAMP tommorow,
this  short trade  I got into  ( to benefit from the dividend ) might make
me a  loser unless I find a way to hold longer.

+
+
+

What they say is true after all it seems;
"When a short term trade is messed up, it will automatically become a long term strategic hold"



Oh "Word Extractor" has shown up !

What "THEY  say is true"  .
As if it  has never happened to you  right ?  Wink 


I share things openly so  other can learn from my possible trading errors Wink


How about you sharing something  of your own now Mr word extractor?  Smile

~~~~~~~~~


SAMP holders , just so you know
-----------

1) Do you know, today Sudda sold 1.35 million shares of  Sampath !
    Sudda don't  likey Sampath !


2) I don't know what will happen on XD but just stating a general 
Fundamental fact for learning.

Scrip dividend increases the number of shares in market but Cash div doesn't.
So there is no fundamental reason the share value degrades for Cash dividends.


ex: I bought some REG few days before XD, kept the dividend 
and sold higher few days after XD.  REG held value without dropping.


4) But depending on market sentiment/selling pressure , share value can drop
as we seen at CSE.


Sampath.. let see what will  happen on XD.

Update: 

1) Supreme court dismissed Petition for Election date !
If green  market tomorrow , maybe my trade make me a winner now ?
Would be nice if everyone can be a winner for short term !
 
2) Today , I sold SAMP at  Rs117 and bought back at Rs 115. Made Rs 300+ Smile
avatar
Antonym
Posts : 62
Join date : 2014-03-01
Age : 61

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Wed Jun 03, 2020 7:32 am
On XD date, the fundamental reason why share price typically drops is because it is being traded without dividend. The seller has already earned the dividend, and is willing to sell at a price that is lower (to the extent of dividend).
slstock
slstock
Veteran
Veteran
Posts : 6216
Join date : 2014-06-12

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 09, 2020 8:17 am
Message reputation : 100% (1 vote)
SAMP has posted the dividend already !
Check your accounts.
4 days before schedule. A big rarity !

~~~~~~~

For anyone curios to know how my Samp TRADE went ?

Yes I did sell after XD as planned.
Got the Dividend now.
Ofcourse made a loss on the share sale after XD.
But I still made a few thousand Rs profit after the Dividend.
Not bad for few days trade.
This time the  gamble worked!
But  it will not always.
Don't do this if you are not sure.
I explained why I did it before.


Last edited by slstock on Tue Jun 09, 2020 9:22 am; edited 2 times in total
avatar
Danidu
Posts : 264
Join date : 2015-09-03
Age : 43
Location : Welisara

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 09, 2020 8:59 am
Yes, I got it Yesterday into My bank A/C.

dmap-dissanayake likes this post

avatar
Antonym
Posts : 62
Join date : 2014-03-01
Age : 61

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 09, 2020 9:04 am
Message reputation : 100% (1 vote)
slstock wrote:SAMP has posted the dividend already !
Check your accounts.
4 days before schedule. A big rarity !

~~~~~~~

For anyone curios to know how my Samp TRADE went ?

Yes I did sell after XD as planned.
Got the Dividend now.
Ofcourse made a loss on the share sale after XD.
But I still made a few thousand Rs profit.
Not bad for few days trade.
This time the  gamble worked!
But  it will not always.

The strategy of buying a stock shortly before a dividend has been paid with the intention of selling it immediately after the dividend is paid is called dividend stripping. Good that you pointed out that this can be a risky trade that might not always work.

I also entered SAMP because I was attracted by the dividend (which has not yet reached my account), but have decided to hold on for the longer term. I am sitting on an unrealized gain of Rs 7.25 per share, and hoping for the best...
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 09, 2020 9:19 am
I thought the payment date is 12th June? Very Happy
HUNTER
HUNTER
Top contributor
Top contributor
Posts : 1935
Join date : 2014-07-14

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 09, 2020 9:36 am
Message reputation : 100% (1 vote)
කිත්සිරි ද සිල්වා wrote:I thought the payment date is 12th June? Very Happy

I think I received yesterday.
pathfinder
pathfinder
Top contributor
Top contributor
Posts : 1450
Join date : 2014-02-23

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 09, 2020 10:27 am
Message reputation : 100% (1 vote)
කිත්සිරි ද සිල්වා wrote:I thought the payment date is 12th June? Very Happy
I too received yesterday.
Yin-Yang
Yin-Yang
Posts : 1321
Join date : 2016-03-12

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Jun 09, 2020 11:31 am
slstock wrote:
+
+



Oh "Word Extractor" has shown up !

What "THEY  say is true"  .
As if it  has never happened to you  right ?  Wink 


I share things openly so  other can learn from my possible trading errors Wink


How about you sharing something  of your own now Mr word extractor?  Smile

~~~~~~~~~


+
+

ex: I bought some REG few days before XD, kept the dividend 
and sold higher few days after XD.  REG held value without dropping.



If green  market tomorrow , maybe my trade make me a winner now ?
Would be nice if everyone can be a winner for short term !
 
2) Today , I sold SAMP at  Rs117 and bought back at Rs 115. Made Rs 300+ Smile

Ayyo Vet. Bro,
Where have you been all those days?

You're doing the easy thing ne.

We have long time proven that making profit was not the difficult job. Making losses was far more difficult.

See, YK Bro found it impossible to loose here;;

[You must be registered and logged in to see this link.]

++++++++

See what we were trading those days; SAMP, RICH +++++

[You must be registered and logged in to see this link.]
avatar
dakzsl
Posts : 5
Join date : 2019-11-23

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Fri Jun 19, 2020 1:08 pm
Any short term targets for SAMP?
NIRMALSG
NIRMALSG
Posts : 428
Join date : 2019-02-17
Location : Colombo

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Thu Aug 13, 2020 1:20 pm
Message reputation : 100% (1 vote)

Sampath Bank backed by Rs. 1 trillion Balance Sheet


The global economy took a steep downward trend with the outbreak of COVID – 19 pandemic epicentre shifting from China and East Asia to the United States and Europe. Most countries declared prolonged lockdowns and movement restrictions with a view to controlling the disease, which severely hampered worldwide economic activity and global trade from March 2020.

Domestically, the COVID – 19 outbreak weakened the Country outlook substantially as it brought further stress to an already challenged macroeconomic situation. Responding to these economic challenges, the Central Bank of Sri Lanka took steps to cut policy rates twice during the second quarter, resulting in the Standard Deposit Facility Rates and the Standard Lending Facility Rates dropping to 5.5% and 6.5%, respectively by 30th June 2020. At the same time, the Statutory Reserve Requirement (SRR) was reduced in two stages from 5% to 2% during the 1H 2020, in a bid to improve liquidity levels in the market.

While the economy and the banking sector as a whole continued to face unprecedented challenges due to the COVID-19 pandemic, Sampath Bank is pleased to announce that its total assets crossed the Rs One Trillion (1 Tn) mark for the first time in its history. Reaching this milestone in the span of just 33 years, probably makes Sampath Bank the youngest business organisation in Sri Lanka to achieve this significant milestone

During this difficult period the Bank redoubled efforts to serve its valued customers, who were severely impacted by the prolonged lockdown, to overcome the challenges and hardships faced by them. By leveraging its IT supremacy and substantial investments made in technology platforms and the widespread branch network, Sampath Bank was able to operate seamlessly during this time of disruption. The Bank was quick to implement all the relief measures introduced by the government, with approximately 50% of the Bank's loan portfolio being granted relief under the government announced moratorium scheme. Further, the Bank actively engaged in providing working capital loans under “Saubhagya” scheme introduced by the government and took proactive steps to provide necessary assistance to customers across all segments who required special attention, including re-scheduling of loan repayments of those customers who were severely impacted.

Given the unprecedented challenges witnessed in the first half of 2020, it is important to note that comparing the Financial result of the first half of 2020 with 2019 may not be realistic.

Financial Result of Sampath Bank for the First Half of 2020

Sampath Bank registered a profit before tax (PBT) of Rs 5.32 Bn and a profit after tax (PAT) of Rs 3.97 Bn for the six months ended 30th June 2020. Despite the unique challenges that prevailed since midMarch 2020, the Bank was able to limit the decline in PBT and PAT to 8% and 3.2% respectively compared to the corresponding period in 2019. The Bank made solid progress towards its targets set for 2020, which together with diversified product portfolio embedded with technological advancements and strong cost control measures helped the Bank to control the impact on profits. PBT and PAT of the Group also declined by 7.7% and 4.2% respectively for the six months ended 30th June 2020 and stood at Rs 5.48 Bn and Rs 3.99 Bn respectively.

Meanwhile, the Bank remained well-capitalized with a Tier 1 capital ratio of 13.30% and a Total capital ratio of 16.77%

Fund Based Income (FBI)

The Bank’s Net Interest Income (NII) for the quarter ended 30th June 2020 was significantly affected by two factors - reduction in policy rates in order to provide relief to the economy and the moratorium granted to customers. Consequently, the day one loss on account of COVID - 19 moratorium was recorded against the interest income as per the modification method given in the Sri Lanka Accounting Standard – 9 (SLFRS – 9). As the entire day one loss that arose due to COVID - 19 moratorium has been recorded during the period under review, Sampath Bank does not have to incur any additional impact on interest income during the 2H of 2020.

Due to the reasons mentioned above, the Bank's Net Interest Income declined by 11.9% and stood at Rs 17.4 Bn for the 1st half of 2020 compared to the same period in 2019. While closely monitoring the factors affecting this reporting line, the Bank's ALCO continued to take necessary action to manage the net interest income to the best possible level. Overall, interest income for the period decreased by Rs 5.0 Bn to Rs 46.2 Bn compared to Rs 51.2 Bn recorded in the corresponding period in 2019, denoting a decline of 9.8%. The total interest expenses stood at Rs 28.8 Bn in 1H 2020 compared to Rs 31.4 Bn recorded in the corresponding period of 2019, a reduction of 8.5%.

Consequently, the Net Interest Margin for the 1H 2020 decreased to 3.57% compared to 4.46% reported in 2019.

Non-Fund Based Income (NFBI)

Net fee and commission income, which comprise of credit, trade, card, and electronic channel related fees, was limited to Rs 3.8 Bn during the period under review, a decline of 18.9% over the figure reported in 1H 2019. The decline was mainly due to the decrease in credit-related fee and commission income consequent to the restrictions imposed to assist customers during this difficult period. Meanwhile, the fee and commission income from electronic channels showed strong growth owing to the high usage of Sampath Vishwa and other popular electronic products.

Other operating income (net) recorded a significant YoY increase of 509% in the 1st half of 2020, led mainly by an increase in realized exchange income due to the 2.7% depreciation of the Sri Lankan Rupee against the US Dollar. Consequently, other operating income (net) for the first six months of 2020 increased to Rs 2.6 Bn, from the loss of Rs 642 Mn reported for the corresponding period in 2019. On the other hand, the Bank incurred a net trading loss of Rs 107 Mn as a result of mark to the market losses on forward exchange contracts owing to the aforementioned currency depreciation. Therefore, the Bank's net exchange income from foreign exchange transactions amounted to Rs 1.8 Bn for the period under review.

Operating Expenses

Operating expenses, which stood at Rs 10.1 Bn during 1H 2019, decreased to Rs 9.6 Bn during the period under review, reflecting a YoY decline of 5.2%. The cost optimization strategies implemented by the Bank to face the situation was instrumental for this achievement. Meanwhile, the Bank’s Cost-to-Income ratio (excluding taxes on financial services) increased marginally to 40.2% in the first six months of 2020, from 38.8% reported for the corresponding period in 2019. The main reason for this marginal increase was the drop in the key income sources during the first half of 2020.

Impairment Charges on Loans and Receivables

The Bank has provided a substantial credit loss provision for customers whose credit risk has significantly increased due to the prevailing economic recession. As a result, the impairment charge against individually significant customers increased to Rs 4.3 Bn in 1H 2020 from Rs 2.5 Bn in the corresponding period in 2019.

After analyzing the economic downturn, Sampath Bank management decided to increase the credit loss provision at the portfolio level as well. However, the collective impairment charge for the first six months of 2020 is lower compared to the first half of the last year due to the explanation given below. The credit quality of the loan portfolio was severely affected in April 2019 due to the terrorist attack that took place in April 2019 which prompted the Bank to increase its collective impairment provision in Q2 2019.

Business Growth

Sampath Bank’s total asset base grew by 4.5% (annualized 9.0%) during the period under review to reach Rs 1 Tn as at 30th June 2020. It stood at Rs 962 Bn as at 31st December 2019. Gross loans & advances grew by 3.9% (annualized 7.8%) to reach Rs 748 Bn as at 30th June 2020, recording a growth of Rs 28 Bn for the period under review. The total deposit base increased by Rs 72 Bn for the same period, to reach Rs 790 Bn as at the reporting date, a growth of 10% (annualized 20%). Meanwhile, the CASA ratio, which stood at 36.6% as at 30th June 2020 improved marginally from the 31st December 2019 position of 35.2%.

Performance Ratios

Return on Average Equity (ROE) (after tax) declined from 11.78% as at 31st December 2019 to 7.56% as at 30th June 2020, in direct correlation to the lower PAT. Return on Average Assets (ROA) (before tax) also declined to 1.09% from 1.66% as at 31st December 2019.

The Statutory Liquid Asset Ratio (SLAR) for the Domestic Banking Unit and the Off-Shore Banking Unit stood well above the mandatory requirement of 20% throughout the period and ended up at 28.12% and 33.88% respectively as at 30th June 2020.

Capital Adequacy

The Bank’s Common Equity Tier I Capital, Tier I Capital and Total Capital Adequacy ratios as at 30th June 2020 stood at 13.30%, 13.30% and 16.77% respectively, all well above the minimum regulatory requirement of 6.5%, 8% and 12.0%, applicable as at the reporting date.

කිත්සිරි ද සිල්වා likes this post

The Invisible
The Invisible
Posts : 3116
Join date : 2016-11-28
Age : 44

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Thu Aug 13, 2020 9:29 pm
Message reputation : 100% (1 vote)
Sri Lanka’s Sampath Bank net down over early recognition of interest loss

ECONOMYNEXT – Profits of Sri Lanka’s Sampath Bank Plc fell 36 percent to 1.32 billion rupees in the June 2020 quarter from a year earlier, with the up-front recognition of interest losses from Coronavirus moratorium and lower fee income, interim accounts showed.

The group reported earnings of 3.46 rupees per share for the quarter. For the six months to June 2020, the group reported earnings of 10.40 rupees on total profits of 3.9 billion rupees which was down 4.2 percent.

Interest income at group level fell 15.6 percent to 22.8 billion rupees in the quarter and interest expenses fell 12.2 percent to 14.7 billion driving net interest income down 21.2 percent to 8.1 billion rupees.

“The Bank’s Net Interest Income (NII) for the quarter ended 30th June 2020 was significantly affected by two factors – reduction in policy rates in order to provide relief to the economy and the moratorium granted to customers,” the lender told shareholders.

“Consequently, the day one loss on account of COVID – 19 moratorium was recorded against the interest income as per the modification method given in the Sri Lanka Accounting Standard – 9 (SLFRS – 9).

“As the entire day one loss that arose due to COVID – 19 moratorium has been recorded during the period under review, Sampath Bank does not have to incur any additional impact on interest income during the 2H of 2020.”

The bank provided 2.8 billion rupees for loan losses, down from 4.0 billion last year.

The provision was lower than last year due to higher loan losses recognized after the Easter Sunday attacks, the bank said.

Non-performing loans grew to 7.03 percent by end June from 6.37 percent in December.
Fee income fell 34 percent to 1.6 billion rupees.


“The decline was mainly due to the decrease in credit-related fee and commission income consequent to the restrictions imposed to assist customers during this difficult period,” the bank said.

“Meanwhile, the fee and commission income from electronic channels showed strong growth owing to the high usage of Sampath Vishwa and other popular electronic products.”

Sampath Banks gross assets rose 4.6 percent to cross a trillion rupees to reach 1,045 billion rupees during the quarter.

Net assets fell 0.6 percent to 110.7 billion rupees.

Capital adequacy was 16.7 percent by end June from 18.12 percent in December, with Tier I capital at 13.3 percent by end June higher than the required 6.5 percent. (Colombo/Aug13/2020)
NIRMALSG
NIRMALSG
Posts : 428
Join date : 2019-02-17
Location : Colombo

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Tue Dec 01, 2020 9:58 am
Message reputation : 100% (1 vote)

INTERIM RESULTS UPDATE - SRI LANKA EQUITY RESEARCH Softlogic Stockbrokers


INTERIM RESULTS UPDATE - SRI LANKA EQUITY RESEARCH Softlogic Stockbrokers

[You must be registered and logged in to see this image.]
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Thu Dec 17, 2020 11:46 pm
Disclosure Shocked
avatar
pjrngroup
Posts : 444
Join date : 2015-11-01

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Thu Dec 24, 2020 10:41 am
HNB has done the same thing.

කිත්සිරි ද සිල්වා likes this post

කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Thu Dec 24, 2020 12:10 pm
Bending to political pressures?
pjrngroup wrote:HNB has done the same thing.
NIRMALSG
NIRMALSG
Posts : 428
Join date : 2019-02-17
Location : Colombo

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Thu Dec 24, 2020 8:42 pm
Message reputation : 100% (1 vote)
I believe both banks were keep doing this because of they had plan on international fund raising in foreign currency, but with current Sri Lanka rating this will not be able to do in coming years. Also based on current economic situation these reviews will do more bad impression than the good for the company.

කිත්සිරි ද සිල්වා likes this post

NIRMALSG
NIRMALSG
Posts : 428
Join date : 2019-02-17
Location : Colombo

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Wed Jan 27, 2021 8:49 pm
SAMPATH BANK PLC - SUB-DIVISION OF SHARES
Timely move by company   bounce  bounce  bounce  

[You must be registered and logged in to see this image.]


Last edited by NIRMALSG on Wed Jan 27, 2021 8:51 pm; edited 2 times in total (Reason for editing : Added more details)

කිත්සිරි ද සිල්වා likes this post

කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම

SAMP.N0000 (Sampath Bank PLC) - Page 11 Empty Re: SAMP.N0000 (Sampath Bank PLC)

Sat Nov 13, 2021 11:33 pm
Sampath Bank
SAMP.N0000
Share Price7 Day1 Year
55.5-1.2%33.2%
Third-quarter 2021 earnings release: EPS LK₨1.99 (vs LK₨1.06 in 3Q 2020)
The company reported a strong third-quarter result with improved earnings, revenues and profit margins.
Third quarter 2021 results:

  • Revenue: LK₨10.3b (up 26% from 3Q 2020).
  • Net income: LK₨2.28b (up 87% from 3Q 2020).
  • Profit margin: 22% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue.

[size]
Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.[/size]
Back to top
Permissions in this forum:
You cannot reply to topics in this forum