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HNB Update EmptyToday at 3:31 pm by nihal123

» Thread for News on CSE and SL Economy
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» Devolution of power, civil wars, altruism, nepotism in animal world
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» East West properties
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» RCL - Royal Ceramics
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» Performance of the Market-Weekly
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» Confidence to boom after election – CBSL Governor
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» Sri Lanka among top 20 rising stars of world trade
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» Dividend Announcement
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» අපි නොදන්න ගීතයක කතාව
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» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
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» ආර්ථික වර්ධනය 2.7% ට බසී
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»  Rajgama Heroes !
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» Thread for News on International Markets
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» JINS.N0000 ( Janashakthi Insurance PLC)
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» Browns Investments update
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» SEYB.N0000 ( SEYLAN BANK PLC )
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» Tourism Sector
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» TJL.N0000 (Textured Jersey Lanka PLC.)
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» UBC Union Bank of Colombo
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» Obituary Notice.
HNB Update EmptyMon Sep 02, 2019 10:34 pm by කිත්සිරි ද සිල්වා

» Thread for News on Local and Foreign Politics
HNB Update EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
HNB Update EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
HNB Update EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
HNB Update EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
HNB Update EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
HNB Update EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
HNB Update EmptySun Aug 25, 2019 11:51 pm by sanjulanka

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

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

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

» 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

» SHL.N0000 (Softlogic Holdings PLC)
HNB Update EmptySun Aug 18, 2019 8:14 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.
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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 : 403
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
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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
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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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