The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» How to get Access to: 104 Technical trading experiments by HUNTER
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyYesterday at 9:10 pm by Backstage

» PABC.N0000 (Pan Asia Banking Corporation PLC)
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyYesterday at 6:41 pm by soileconomy

» East West properties
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyYesterday at 10:01 am by LSE

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptySun Dec 08, 2019 11:07 pm by spw19721

» MHDL Millennium Housing
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptySat Dec 07, 2019 12:35 pm by pure equity

» පොළී මුදලාලිලාට බලපත්‍ර ක්‍රමයක් හඳුන්වා දෙන්න තීරණයක්
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyFri Dec 06, 2019 11:33 pm by Backstage

» Dividend Announcement
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyFri Dec 06, 2019 10:10 pm by subash

» Colombo US Embassy Air Pollution
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyFri Dec 06, 2019 11:20 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyFri Dec 06, 2019 5:24 am by soileconomy

» SINHAPUTHRA FINANCE PLC (SFL.N0000)
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyThu Dec 05, 2019 9:26 pm by The Invisible

» Land & Property sector chart
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyThu Dec 05, 2019 6:27 am by dhanurrox

» Gota's Era
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyWed Dec 04, 2019 11:28 pm by Backstage

» සිමෙන්ති මිල පහළට
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyWed Dec 04, 2019 7:05 pm by nihal123

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyWed Dec 04, 2019 7:04 pm by nihal123

» පාස්කු ප්‍රහාරයෙන් පසු වැඩිම සංචාරක පැමිණීම නොවැම්බරයේ දී
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyWed Dec 04, 2019 7:02 pm by nihal123

» Flying is the Safest mode of Transport
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyWed Dec 04, 2019 10:37 am by කිත්සිරි ද සිල්වා

» OSEA .N
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Dec 03, 2019 3:36 pm by dakzsl

» LIOC.N0000 (Lanka IOC PLC)
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Dec 03, 2019 11:39 am by LSE

» Hayleys MGT
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Dec 03, 2019 10:10 am by The Invisible

» Sri Lanka insurer regulatory capital drop with new accounting rules
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Dec 03, 2019 9:19 am by The Invisible

» Thread for News on CSE and SL Economy
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Dec 03, 2019 9:18 am by The Invisible

» Lanka Tiles
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptySun Dec 01, 2019 8:43 pm by soileconomy

» ACL Cables
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyFri Nov 29, 2019 11:12 am by The Invisible

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyThu Nov 28, 2019 6:04 am by sureshot

» SEYB.N0000 ( SEYLAN BANK PLC )
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyThu Nov 28, 2019 4:17 am by soileconomy

» Thought for the day...
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Nov 26, 2019 7:40 pm by share1

» An Attitude Adjustment
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Nov 26, 2019 12:36 pm by Backstage

» මහ බැංකු අධිපති ධූරයෙන් ඉවත් වෙයි
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Nov 26, 2019 11:00 am by The Invisible

» Sri Lanka cement production picks up
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Nov 26, 2019 9:22 am by Topcat

» Thread for News on Local and Foreign Politics
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Nov 26, 2019 7:04 am by The Invisible

» SEC Chief says ready to hand over baton
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyMon Nov 25, 2019 8:12 pm by ruwan326

» Technology~විද්‍යාව ~ Wisdom
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyMon Nov 25, 2019 8:36 am by ruwan326

» The Theatre | Best movies to Watch
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptySun Nov 24, 2019 5:18 pm by spw19721

» SHL.N0000 (Softlogic Holdings PLC)
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptySun Nov 24, 2019 9:44 am by The Invisible

» An individual in pursuit of a porcupine found dead in a burrow
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyThu Nov 21, 2019 11:41 am by Backstage

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyThu Nov 21, 2019 7:51 am by ruwan326

» APLA.N0000 (ACL PLASTICS PLC)
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyWed Nov 20, 2019 11:03 pm by nesta

» භාරකාර ආණ්ඩුවක් හෙට
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyWed Nov 20, 2019 7:19 pm by nihal123

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyWed Nov 20, 2019 9:28 am by ruwan326

» මගේ කියවීම ...
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyWed Nov 20, 2019 8:28 am by yellow knife

» How the silence on this !
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyTue Nov 19, 2019 5:40 pm by Backstage

» ප්‍රතිඵලේ මොකක් උනත් ජ්යෝතිෂය සත්‍ය වෙන හැටි දැක්කද?
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyMon Nov 18, 2019 9:15 am by ruwan326

» ඇයි අප්සට් ද?
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptySat Nov 16, 2019 4:57 pm by chutiputha

» ගෝඨාට ඉල්ලන්න බෑලු
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptySat Nov 16, 2019 7:18 am by ruwan326

» සෞභාග්‍යතා දර්ශකයේ ඉහළ යාමක්
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyFri Nov 15, 2019 1:54 pm by nihal123

» Puolanka The most pessimistic town
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyFri Nov 15, 2019 1:14 pm by Backstage

» SAMP.N0000 (SAMPATH BANK PLC)
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyThu Nov 14, 2019 5:13 am by NIRMALSG

» අනං මනං! #/+?.<>
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptyMon Nov 11, 2019 12:38 pm by nihal123

» What's 5G?
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptySat Nov 09, 2019 3:14 pm by Afourer

» ACL කේබල්ස් ට රුපියල් මිලියන 789 ක ඒරියල් බන්ඩල් සන්නායක කොන්ත්‍රාත්තුවක්
PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research EmptySat Nov 09, 2019 7:50 am by කිත්සිරි ද සිල්වා

December 2019
SunMonTueWedThuFriSat
1234567
891011121314
15161718192021
22232425262728
293031    

Calendar Calendar

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

PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research

Go down

PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research Empty PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research

Post by CSE.SAS on Fri Oct 30, 2015 11:52 am

Click the below link to download the Report of PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research
[You must be registered and logged in to see this link.]

The Net Interest Income (NII) grew by 6% YoY to LKR2.7 bn in 2QFY16 on the back of low interest expenses during the period. Interest expenses declined by c.23% YoY to LKR1.9 bn in 2QFY16 and the conducive low interest environment and low deposit base aided the interest expenses to edge down. Meanwhile interest income denoted a dip of c.9% YoY to LKR4.6 bn in 2QFY16 on the back of lower interest income generated from lease & hire purchases. The sub sector which accounts to near 70% of the aggregate interest income reported a decline of c.16% YoY to LKR3.2 bn during 2QFY16.

Non-Interest Income reported a growth of 5% YoY to LKR1.1 bn in 2QFY16. Premium income dominated the non-interest income segment with a contribution of c.76% and recorded a growth of 12% YoY to LKR817.0 mn in 2QFY16.

Net earnings escalated by 14% YoY to LKR1.2 bn in 2QFY16 against LKR1.1 bn in 2QFY15 on the back of healthy NII and non-interest income. Meanwhile, NIM’s improved by 6 bps YoY to 8.9% in 2QFY16.

Cost to income ratio improved to 47% in 2QFY16 against 50% in 2QFY15 on the back of stringent cost strategies. Operating expenses recorded an increase of 5% YoY to LKR1.7 bn in 2QFY16 out of which insurance benefits & claims dominated the total operating expenditure (c.34% contribution) with a marginal growth of c.4% YoY.

Loan book grew by c.10% YoY and c.4% QoQ to LKR103.5 bn in 2QFY16. Lease and hire purchases accounted to the majority of the total assets with a contribution of c.65% whilst loans and Islamic finance compositely contributed to c.29%.

Deposit base edged down by 14% YoY and incline by 1% QoQ to LKR34.1 bn in 2QFY16 given the low interest environment. Deposits from customer accounted to the majority (c.39%) of the total funding base whilst borrowings and debt securities contributed near 30% and 31% in 2QFY16.

We maintain our profit forecast of LKR4,683.4 mn (up 14% YoY) for FY16E and LKR5,281.2 mn (up 12% YoY) for FY17E despite the new regulatory measures on personal motor vehicle leasing brought in by the regulator. The new developments negatively impacted the finance & leasing industry although the impact to PLC which is predominantly into commercial leasing business (c.70% of total leasing business) is minimum. The imposition of LTV ratio and 100% margin on Letter of Credit were mainly targeted to curb the vehicle importation (total motor vehicle registration has edge up by c.86% YoY to 423,481 units in the first eight months of 2015) and thereby to ease off the currency pressure and improve BOP position.

Being the market leader in the leasing industry PLC is poised to reap benefits from the conducive macro environment. Hence is expected to curb interest margin pressure from increasing leasing volumes through the revival of private sector mega construction projects to maintain the interest margins of c.8% in FY16-17E.

Further with a ROE of c.19% and a high dividend play with an estimated yield of 7-8% in FY16-17E offers good value trading at 7.3x FY16E net profit and 6.4x FY17E earnings whilst trading on 1.4x PBV. Further PLC trades at par to the finance sector PBV of 1.4x. The fundamentals of the company remain strong and we maintain BUY.

CSE.SAS

Posts : 263
Join date : 2014-02-23

Back to top Go down

PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research Empty Re: PEOPLE’S LEASING (PLC.N)---Softlogic Equity Research

Post by chutiputha on Sat Oct 31, 2015 9:30 am

Ah Sound is Cool
chutiputha
chutiputha
Top contributor
Top contributor

Posts : 1908
Join date : 2014-11-09
Age : 33
Location : Mt.Lavinia

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum