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

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි 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

+23
share1
subash
pathfinder
spw19721
Topcat
ruwan326
hammurabi
NIRMALSG
pjrngroup
PANTOMATH
serene
The Invisible
කිත්සිරි ද සිල්වා
Brave Heart
shalika.56
Rana
poor boy
CK
sashimaal
Hybrid
First Guy
Naked Trader
yellow knife
27 posters

    COMB.N0000 (Commercial Bank of Ceylon PLC)

    Topcat
    Topcat


    Posts : 117
    Join date : 2019-07-25

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by Topcat Sat Dec 07, 2019 6:35 am

    Good counter to look at for patience investors who doesn't like hot potatos.. Very Happy
    (Current price around 98)
    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
    Join date : 2014-02-23
    Age : 66
    Location : රජ්ගම

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by කිත්සිරි ද සිල්වා Sat Dec 07, 2019 9:22 am

    That is true and not easy to manipulate either. Very Happy

    Topcat wrote:Good counter to look at for patience investors who doesn't like hot potatos.. Very Happy
    (Current price around 98)


    _________________
    I am the wisest man alive, for I know one thing, and that is that I know nothing.
    Socrates
    spw19721
    spw19721
    Active Member
    Active Member


    Posts : 683
    Join date : 2015-08-22

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by spw19721 Sat Dec 07, 2019 7:35 pm

    Is there a right issue coming ?
    Topcat
    Topcat


    Posts : 117
    Join date : 2019-07-25

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by Topcat Sun Dec 08, 2019 5:49 pm

    spw19721 wrote:Is there a right issue coming ?
    I think its not mandotory for comb as their financials are ok. But if they decide they can go for a right.
    spw19721
    spw19721
    Active Member
    Active Member


    Posts : 683
    Join date : 2015-08-22

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by spw19721 Sun Dec 08, 2019 11:07 pm

    Thanks mate..
    pathfinder
    pathfinder
    Top contributor
    Top contributor


    Posts : 1450
    Join date : 2014-02-23

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by pathfinder Thu Dec 19, 2019 8:52 pm

    COMB is the number one private bank in SL.The business is rock solid.

    Short term capital gain is not much compared to turnaround companies such as in Manufacturing sector.

    This share specially the "X" is for patience investor who is looking for longterm wealth creation by compounding.
    avatar
    subash


    Posts : 91
    Join date : 2015-10-19

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by subash Thu Dec 19, 2019 11:19 pm

    pathfinder wrote:COMB is the number one private bank in SL.The business is rock solid.

    Short term capital gain is not much compared to turnaround companies such as in Manufacturing sector.

    This share specially the "X" is for patience investor who is looking for longterm wealth creation by compounding.

    Thanks, but too much selling Evil or Very Mad
    pathfinder
    pathfinder
    Top contributor
    Top contributor


    Posts : 1450
    Join date : 2014-02-23

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by pathfinder Fri Dec 20, 2019 7:58 pm

    subash wrote:
    pathfinder wrote:COMB is the number one private bank in SL.The business is rock solid.

    Short term capital gain is not much compared to turnaround companies such as in Manufacturing sector.

    This share specially the "X" is for patience investor who is looking for longterm wealth creation by compounding.

    Thanks, but too much selling Evil or Very Mad
    @Subash -Selling is a blessing for an investor,If you are not trying to time the market don't consider about selling.
    avatar
    share1


    Posts : 22
    Join date : 2019-11-24

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by share1 Fri Dec 20, 2019 8:30 pm

    Good advice pathfinder
    avatar
    subash


    Posts : 91
    Join date : 2015-10-19

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by subash Sat Dec 21, 2019 12:41 am

    pathfinder wrote:
    subash wrote:
    pathfinder wrote:COMB is the number one private bank in SL.The business is rock solid.

    Short term capital gain is not much compared to turnaround companies such as in Manufacturing sector.

    This share specially the "X" is for patience investor who is looking for longterm wealth creation by compounding.

    Thanks, but too much selling Evil or Very Mad
    @Subash -Selling is a blessing for an investor,If you are not trying to time the market don't consider about selling.

    Thanks pathfinder
    smallville
    smallville
    Top contributor
    Top contributor


    Posts : 1872
    Join date : 2014-02-23
    Location : Trying to figure out..

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by smallville Mon Dec 23, 2019 7:36 am

    Topcat wrote:
    spw19721 wrote:Is there a right issue coming ?
    I think its not mandotory for comb as their financials are ok. But if they decide they can go for a right.

    They recently made a statement of cancelling the debenture issue proposed of 75 million stating that bank has enuf capital. The rights issue requirement is to meet BASEL III capital adequacy hence its looks like they are self sufficient.


    _________________
    I take risks as a Trader and I select stocks based on Tech and daily Cash in/out. Therefore, my methods may not suit u.. so DYO analysis before making any decisions.
    avatar
    dhanurrox


    Posts : 791
    Join date : 2014-03-27

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by dhanurrox Tue Dec 24, 2019 3:33 pm

    wellcome back small
    spw19721
    spw19721
    Active Member
    Active Member


    Posts : 683
    Join date : 2015-08-22

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by spw19721 Thu Dec 26, 2019 7:02 am

    New voting shares (19,225,046 ) = 2% of N shares , to be listed in 2020 through employees share option .

    How will affect the share price? As I remember CDB sinked to 60 levels till moppong up excess quantity .
    avatar
    subash


    Posts : 91
    Join date : 2015-10-19

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by subash Thu Dec 26, 2019 7:14 pm

    spw19721 wrote:New voting shares (19,225,046 ) = 2% of N shares , to be listed in 2020 through employees share option .

    How will affect the share price? As I remember CDB sinked to 60 levels till moppong up excess quantity .

    Drop to 80 Question
    avatar
    Admin
    Admin


    Posts : 565
    Join date : 2014-02-22

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by Admin Thu Dec 26, 2019 7:30 pm

    spw19721 wrote:New voting shares (19,225,046 ) = 2% of N shares , to be listed in 2020 through employees share option .

    How will affect the share price? As I remember CDB sinked to 60 levels till moppong up excess quantity .
    ]

    Can you check this again?

    The last disclosure is an amended one from February 2019 and only mentioned the number of options to be granted and not shares to be listed. Commercial Bank has a continuing ESOP.

    spw19721
    spw19721
    Active Member
    Active Member


    Posts : 683
    Join date : 2015-08-22

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by spw19721 Thu Dec 26, 2019 9:23 pm

    Admin wrote:
    spw19721 wrote:New voting shares (19,225,046 ) = 2% of N shares , to be listed in 2020 through employees share option .

    How will affect the share price? As I remember CDB sinked to 60 levels till moppong up excess quantity .
    ]

    Can you check this again?

    The last disclosure is an amended one from February 2019 and only mentioned the number of options to be granted and not shares to be listed. Commercial Bank has a continuing ESOP.



    Yes I got it wrong .Didnt see the previous disclosure .Seems like their ESOP is continuing process & shouldnt have much impact on share price.Thanks for the clue....
    pathfinder
    pathfinder
    Top contributor
    Top contributor


    Posts : 1450
    Join date : 2014-02-23

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by pathfinder Fri Jan 31, 2020 8:24 pm

    Date of initial announcement:
    31 Jan 2020

    Dividend per share (Rs.):
    Voting :3.000
    Non-voting :3.000

    Type of dividend:
    Second interim

    Financial year:
    2019

    Shareholder approval:
    Not required

    XD date:
    12 Feb 2020

    Payment date:
    24 Feb 2020

    Share transfer book:
    Open


    It says second interim,Is there a final too?
    avatar
    serene
    Top contributor
    Top contributor


    Posts : 4850
    Join date : 2014-02-26

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by serene Sat Feb 01, 2020 6:16 am

    Last time they gave a script dividend if my memory serves right.
    The Invisible
    The Invisible


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

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by The Invisible Sun May 17, 2020 10:14 am

    Commercial Bank net up 20-ct in March on forex gains

    ECONOMYNEXT – Profits at Commercial Bank of Ceylon, Sri Lanka’s largest private bank by assets grew 20 percent to 3.76 billion rupees partly helped by foreign exchange gains despite slow low growth and a 6 billion rupees loan loss provision.

    Commercial Bank reported earnings of 3.66 rupees for the quarter. Commercial Bank stock closed at 54.80 rupees, up 4.70 rupees.

    Interest income grew 1.18 percent to 32.3 billion rupees, interest expenses fell 1.4 percent helping the bank grow net interest income 5.47 percent to 12.7 billion rupees.

    Loans grew 2.63 percent to 917 billion rupees from December March 2020.

    The bank provided 6.6 billion rupees for bad loans, up from 1.8 billion rupees a year earlier.

    Sri Lanka’s central bank cut rates and printed money in March/April 2018 and July/August triggering runs on the rupee.

    The currency collapse lend to a contraction in domestic demand and bad loans as sales fell at companies and costs also rose due to the currency collapse.

    Fee and commission income was flat at 2.4 billion rupees.

    There was a loss of 2.3 billion rupees in trading which includes forex losses (on borrowings) but also gains of 6.6 billion rupees on other income indicating forex gains or profits of rupee dollar swaps that give protection for borrowings.





    Many Sri Lankan banks have borrowed dollars and passed on the risk to the central bank through swaps, helping show a higher volume of high risk gross official reserves, analysts say.

    Gross assets grew 4.97 percent to 1.36 billion rupees while net assets grew only 0.7 percent to 137 billion rupees. (Colombo/May16/2020)
    pathfinder
    pathfinder
    Top contributor
    Top contributor


    Posts : 1450
    Join date : 2014-02-23

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by pathfinder Mon May 18, 2020 8:00 pm

    COMB and SAMP gave a lifetime opportunity for an investor
    The Invisible
    The Invisible


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

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by The Invisible Tue Jul 14, 2020 8:23 am

    Sri Lanka’s Combank to target financial products for women with IFC

    ECONOMYNEXT – Commercial Bank of Ceylon, Sri Lanka’s largest private bank by assets, will offer financial products designed for women and women owned businesses backed by Washington-based International Finance Corporation.

    “Sri Lankan women are recognized as highly entrepreneurial, owning nearly a quarter of the micro, small and medium sized enterprises in the country,” IFC said.

    “Most are micro-sized enterprises, with the number of women owned business falling drastically as the business size increases.

    “While over 80 percent of women have an account at a financial institution, only 17 percent have borrowed money.”

    IFC said it will help Commerical Bank develop specially-designed products and services for women, especially those who own small and medium sized businesses (SMEs).

    The advisory assistance to ComBank comes from IFC’s Banking on Women (BOW) program, which is supported by the government of Australia under the IFC-DFAT Women in Work program. It comes as Coronavirus crisis is hurting businesses.

    “This engagement becomes even more critical as the world faces an unprecedented crisis straining public health system and constraining economic activity,” Rosy Khanna, Regional Director for Financial Institutions Group for IFC Asia and the Pacific said.

    “Therefore, it becomes even more vital that we scale up access to finance for women and women-led small and medium sized enterprises, who will bear the brunt of this ensuing liquidity crisis.

    S Renganathan, Chief Executive Officer of ComBank said the bank had previously led several initiatives to boost access to female entrepreneurs and new partnership will broaden their horizons further.

    “…[W]e also hope that this will send a strong signal to other financial institutions in the market on the significance of increased and improved access to financial services as a means of bridging a critical gap in the country,” Khanna said.


    IFC said one million small and medium enterprises of which 14 percent were women owned had generated 2.25 million jobs and contributed 52 percent to gross domestic product.

    But over 30 percent of SMEs have unmet financing needs, with a financing gap estimated at 13.7 billion dollars.

    In June, IFC invested $100 million in ComBank, 50 million US dollars through IFC’s 8 billion US dollar COVID-19 fast track financing facility, and another 50 million dollars through a private placement of shares.(Colombo/July14/2020)

    කිත්සිරි ද සිල්වා and nuwanmja like this post

    The Invisible
    The Invisible


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

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by The Invisible Thu Aug 13, 2020 9:43 am

    Sri Lanka’s Commercial Bank expects 5-6 percent credit growth 2020, buys ISBs

    ECONOMYNEXT – Sri Lanka’s Commercial Bank of Ceylon, the island’s largest private bank is expecting 5-6 percent credit growth in 2020 but stronger growth the following year, a top official has said.

    Chairman Dharma Dheerasinghe was quoted in Bloomberg Newswires as saying that credit demand will pick up next year with stronger overall economic growth expected.

    Dheerasinghe said credit demand was seen from the export sector, manufacturing and domestic wholesale and retail trade. The bank was ready to lend. Import trade and personal banking was weak.

    With the overall economy also set to pick up next year, loans growth was expected strengthen.

    Commercial Bank had bought sovereign bonds when prices fell, he said.

    Sri Lanka’s sovereign bond prices fell as the rupee fell sharply in March and April.

    Prices have since recovered. (Colombo/Aug08/2020)

    කිත්සිරි ද සිල්වා and lanka like this post

    NIRMALSG
    NIRMALSG


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

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by NIRMALSG Wed Dec 02, 2020 5:12 am

    COMB/COMB.X Research paper by CT CLSA SECURITIES

    BUY
    12M N:
    Price Target : Rs.103.7
    ±% Potential : +31.6


    3Q2020 Results Update
    ❑ COMB reported a 3Q2020 net profit of Rs.3,693mn (EPS of Rs.3.5; -25% YoY) broadly in
    line with our expected EPS of Rs.3.6, YoY earnings were slightly impacted due to relatively
    higher impairment charges. Capital gains on FI Trading for 3Q2020 stood at Rs.2.5bn.
    ❑ On 17 Nov 2020, through its fiscal budget for 2021E, the Gov’t of Sri Lanka proposed to
    enact the corporate income tax reduction for banks by -400bps to 24% for banks w.e.f. 1
    Jan 2020 whilst also proposing a 0.25% Covid tax on revenue for corporates.
    ❑ COMB’s NP forecasts for 2020E and 2021E are revised up by +8% and +4% to
    Rs.14,915mn (-18% YoY EPS contraction) and to Rs.21,692mn (+43% YoY EPS growth, off a
    low base) respectively. Revisions are largely attributable to revised spreads, fund growth,
    ETR, impairment and opex assumptions.
    ❑ During October 2020, COMB received new capital worth Rs.9.22bn into its CET-I capital
    with freshly issued 115mn shares to IFC (and its related parties) making its cumulative
    shareholding increase to ~14.7%.
    ❑ The Voting share of COMB underperformed the ASPI during the past month, three months
    and YoY by -3%, -19% and -21% (non voting underperformed by -3%, -18% and -22%)
    respectively.
    ❑ On revised earnings, COMB voting share trades on par with the sector on PE (and book)
    multiples of 5.7X (PBV - 0.59X) for 2020E and 4.0X (PBV - 0.54X) for 2021E. The less liquid
    non voting share trades at a 15% discount to the voting share.
    ❑ We maintain COMB’s rating at a Buy with target price set at Rs.103.7 for its Voting share
    based on average of estimated PBV and Residual Income models which indicate a 12M
    upside potential of +31.6%
    ▪ COMB-N share is valued at Rs.110.3 based on residual income model with target cost
    of equity set at 18.0%. On a PBV basis we derive a value of Rs.97.2 on a forward PBV
    multiple of 0.72X.

    chutiputha likes this post

    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
    Join date : 2014-02-23
    Age : 66
    Location : රජ්ගම

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by කිත්සිරි ද සිල්වා Fri Aug 13, 2021 9:58 pm

    Commercial Bank of Ceylon
    COMB.N0000
    Share Price    7 Day       1 Year
               83.6 -       0.1% 3.8%

    Second-quarter 2021 earnings released.

    The company reported a strong second-quarter result with improved earnings, revenues and profit margins.

    Second quarter 2021 results:

    Revenue: LK₨15.7b (up 21% from 2Q 2020).
    Net income: LK₨5.51b (up 53% from 2Q 2020).
    Profit margin: 35% (up from 28% in 2Q 2020). 
    The increase in margin was driven by higher revenue.

    Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.


    _________________
    I am the wisest man alive, for I know one thing, and that is that I know nothing.
    Socrates

    yellow knife likes this post

    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
    Join date : 2014-02-23
    Age : 66
    Location : රජ්ගම

    COMB.N0000 (Commercial Bank of Ceylon PLC) - Page 3 Empty Re: COMB.N0000 (Commercial Bank of Ceylon PLC)

    Post by කිත්සිරි ද සිල්වා Tue Aug 24, 2021 4:49 pm

    Commercial Bank of Ceylon
    COMB.N0000
    Share Price     7 Day 1 Year

                     85.3 0.7% 6.3%

    The price target increased to LK₨106.

    Up from LK₨93.51, the current price target is an average from 3 analysts.
    • New target price is 24% above the last closing price of LK₨85.30.
    • Stock is up 6.3% over the past year.


    _________________
    I am the wisest man alive, for I know one thing, and that is that I know nothing.
    Socrates

    yellow knife and serenity like this post


      Current date/time is Wed Jul 24, 2024 2:43 am