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» Coronavirus Updates
HNB Update EmptyToday at 9:36 am by The Invisible

» Thread for News on CSE and SL Economy
HNB Update EmptyYesterday at 5:21 pm by NIRMALSG

» Obituary Notice.
HNB Update EmptyYesterday at 12:51 pm by කිත්සිරි ද සිල්වා

» Access Engineering AEL Technical Analysis
HNB Update EmptyTue Jun 30, 2020 11:00 am by HUNTER

»  6000 Post Club , Celebration of a Great Milestone, Slstock
HNB Update EmptyTue Jun 30, 2020 9:35 am by slstock

» LIOC.N0000 (Lanka IOC PLC)
HNB Update EmptyTue Jun 30, 2020 8:00 am by LSE

» How to get Access to: 104 Technical trading experiments by HUNTER
HNB Update EmptyMon Jun 29, 2020 9:35 am by nuwanmja

» Sri Lanka to monetize tens of billions of contractor bills
HNB Update EmptySun Jun 28, 2020 10:30 am by The Invisible

» CFVF - First Capital
HNB Update EmptySat Jun 27, 2020 10:22 pm by HUNTER

» RCL - Royal Ceramics
HNB Update EmptySat Jun 27, 2020 4:02 am by desh87

» Stocks - Banks Drag Wall Street Lower After Fed Buyback Ban; Dow Down 290
HNB Update EmptyFri Jun 26, 2020 11:35 pm by nihal123

» Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project
HNB Update EmptyThu Jun 25, 2020 8:57 pm by The Invisible

» PABC.N0000 (Pan Asia Banking Corporation PLC)
HNB Update EmptyWed Jun 24, 2020 10:37 pm by seek

» JKH.N0000
HNB Update EmptyWed Jun 24, 2020 9:33 pm by The Invisible

» Plantation sector updates
HNB Update EmptyWed Jun 24, 2020 10:32 am by The Invisible

» Dividend Announcements
HNB Update EmptyTue Jun 23, 2020 4:00 pm by Rana

» In the Meantime, Within Our Shores !
HNB Update EmptyTue Jun 23, 2020 7:30 am by Rajapaksap

» LOLC Holdings
HNB Update EmptyMon Jun 22, 2020 3:40 pm by Rajapaksap

» Sri Lanka bank bad loans in March 2020 pick up to 5.1-pct
HNB Update EmptyMon Jun 22, 2020 12:50 pm by The Invisible

» The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio
HNB Update EmptyMon Jun 22, 2020 11:53 am by nihal123

» Sri Lanka tea prices pickup marginally mid June
HNB Update EmptySun Jun 21, 2020 8:11 pm by The Invisible

» කොළඹ කොටස් වෙළඳපොළ ඩිජිටල්කරණය කිරීමේ වැඩපිළිවෙල ඇරඹෙයි
HNB Update EmptySun Jun 21, 2020 12:55 pm by HUNTER

» Sri Lankans stock up, buy online in Covid-19 curfews, informal workers hard-hit: survey
HNB Update EmptySun Jun 21, 2020 9:34 am by The Invisible

» Sri Lanka chicken supplies to tighten after Covid-19 crisis, maize import controls
HNB Update EmptySun Jun 21, 2020 9:32 am by The Invisible

» S&P SL20 සමාගම් ලැයිස්තුවේ වෙනසක්.
HNB Update EmptySat Jun 20, 2020 7:56 am by slstock

» HNB රුපියල් බිලියන 5ක ණය යෝජනා ක‍්‍රමයක් දියත් කරයි
HNB Update EmptyFri Jun 19, 2020 10:47 pm by nihal123

» SAMP.N0000 (Sampath Bank PLC)
HNB Update EmptyFri Jun 19, 2020 1:08 pm by dakzsl

» HAYC - Haycarb
HNB Update EmptyFri Jun 19, 2020 12:04 pm by Rational Investor

» විශාලම ලැයිස්තුගත සමාගම් 50 විනිවිදභාවය පිළිබඳ වාර්තාවක් එළිදැක්වෙයි
HNB Update EmptyThu Jun 18, 2020 11:13 pm by nihal123

» HAYL.N0000 Hayleys PLC
HNB Update EmptyThu Jun 18, 2020 7:53 pm by NIRMALSG

» GLAS.N0000 (Piramal Glass Ceylon PLC)
HNB Update EmptyWed Jun 17, 2020 12:29 pm by nuwanmja

» Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch
HNB Update EmptyWed Jun 17, 2020 10:43 am by The Invisible

» Sri Lanka telecom regulator asked find businesses to use Lotus Tower
HNB Update EmptyWed Jun 17, 2020 10:33 am by The Invisible

» Gota's Era
HNB Update EmptyTue Jun 16, 2020 2:40 pm by puliyanam

» Fitch Revises Ratings on 11 Sri Lankan Financial
HNB Update EmptySat Jun 13, 2020 11:58 am by spw19721

» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
HNB Update EmptyFri Jun 12, 2020 11:27 am by Rajapaksap

» සල්ලි අච්චු ගැසුවාද?
HNB Update EmptyWed Jun 10, 2020 11:35 pm by nihal123

» වටිනා පාඩමක්!
HNB Update EmptyWed Jun 10, 2020 9:58 pm by Backstage

» Sri Lanka’s General Election on August 05
HNB Update EmptyWed Jun 10, 2020 3:08 pm by The Invisible

» Hayleys MGT
HNB Update EmptyTue Jun 09, 2020 11:16 am by The Invisible

» AEL Access Engineering
HNB Update EmptyTue Jun 09, 2020 11:08 am by The Invisible

» Sri Lanka import controls, cargo bottleneck hit apparel exporters
HNB Update EmptyMon Jun 08, 2020 4:12 pm by The Invisible

» Sri Lanka tea prices ease lower, low growns drive May average to all time high
HNB Update EmptyMon Jun 08, 2020 8:47 am by slstock

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
HNB Update EmptySat Jun 06, 2020 3:05 pm by Antonym

» Sri Lanka makes trillion rupee mini-budget till August under Presidential powers
HNB Update EmptyFri Jun 05, 2020 10:48 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
HNB Update EmptyThu Jun 04, 2020 4:32 pm by Backstage

» LION.N0000 (Lion Brewery Ceylon PLC)
HNB Update EmptyThu Jun 04, 2020 2:21 pm by The Invisible

» කොටස්--වෙළෙඳපොළ--වැසුවාද
HNB Update EmptyWed Jun 03, 2020 9:49 pm by nihal123

» විදෙස් ආයෝජකයින්ගේ උනන්දුව ඉහළට
HNB Update EmptyWed Jun 03, 2020 7:38 pm by කිත්සිරි ද සිල්වා

» United Motors
HNB Update EmptyWed Jun 03, 2020 5:26 pm by The Invisible

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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.
The Invisible
The Invisible

Posts : 2345
Join date : 2016-11-28
Age : 40

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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.

pjrngroup

Posts : 430
Join date : 2015-11-01

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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
The Invisible
The Invisible

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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
The Invisible
The Invisible

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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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