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
COCR - Earnings Update - 16 03 16 - FC Research EmptySat Dec 14, 2019 11:03 am by Admin

» Gota's Era
COCR - Earnings Update - 16 03 16 - FC Research EmptyFri Dec 13, 2019 8:33 pm by Ethical Trader

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
COCR - Earnings Update - 16 03 16 - FC Research EmptyFri Dec 13, 2019 12:37 pm by serene

» Thought for the day...
COCR - Earnings Update - 16 03 16 - FC Research EmptyFri Dec 13, 2019 12:17 pm by Topcat

» Why (Happy) People Cheat?
COCR - Earnings Update - 16 03 16 - FC Research EmptyFri Dec 13, 2019 11:49 am by කිත්සිරි ද සිල්වා

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
COCR - Earnings Update - 16 03 16 - FC Research EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Dec 11, 2019 7:10 pm by hammurabi

» රතු වැටෙනකොට
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Dec 10, 2019 5:23 pm by Backstage

» තැරැව්කාර සමාගමකට එරෙහිව කොටස් වෙළෙඳපොළ විනය ක්‍රියාමාර්ග ගනී
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Dec 10, 2019 12:31 pm by Rana

» PABC.N0000 (Pan Asia Banking Corporation PLC)
COCR - Earnings Update - 16 03 16 - FC Research EmptyMon Dec 09, 2019 6:41 pm by soileconomy

» East West properties
COCR - Earnings Update - 16 03 16 - FC Research EmptyMon Dec 09, 2019 10:01 am by LSE

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
COCR - Earnings Update - 16 03 16 - FC Research EmptySun Dec 08, 2019 11:07 pm by spw19721

» MHDL Millennium Housing
COCR - Earnings Update - 16 03 16 - FC Research EmptySat Dec 07, 2019 12:35 pm by pure equity

» පොළී මුදලාලිලාට බලපත්‍ර ක්‍රමයක් හඳුන්වා දෙන්න තීරණයක්
COCR - Earnings Update - 16 03 16 - FC Research EmptyFri Dec 06, 2019 11:33 pm by Backstage

» Dividend Announcement
COCR - Earnings Update - 16 03 16 - FC Research EmptyFri Dec 06, 2019 10:10 pm by subash

» Colombo US Embassy Air Pollution
COCR - Earnings Update - 16 03 16 - FC Research EmptyFri Dec 06, 2019 11:20 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
COCR - Earnings Update - 16 03 16 - FC Research EmptyFri Dec 06, 2019 5:24 am by soileconomy

» SINHAPUTHRA FINANCE PLC (SFL.N0000)
COCR - Earnings Update - 16 03 16 - FC Research EmptyThu Dec 05, 2019 9:26 pm by The Invisible

» Land & Property sector chart
COCR - Earnings Update - 16 03 16 - FC Research EmptyThu Dec 05, 2019 6:27 am by dhanurrox

» සිමෙන්ති මිල පහළට
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Dec 04, 2019 7:05 pm by nihal123

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Dec 04, 2019 7:04 pm by nihal123

» පාස්කු ප්‍රහාරයෙන් පසු වැඩිම සංචාරක පැමිණීම නොවැම්බරයේ දී
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Dec 04, 2019 7:02 pm by nihal123

» Flying is the Safest mode of Transport
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Dec 04, 2019 10:37 am by කිත්සිරි ද සිල්වා

» OSEA .N
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Dec 03, 2019 3:36 pm by dakzsl

» LIOC.N0000 (Lanka IOC PLC)
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Dec 03, 2019 11:39 am by LSE

» Hayleys MGT
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Dec 03, 2019 10:10 am by The Invisible

» Sri Lanka insurer regulatory capital drop with new accounting rules
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Dec 03, 2019 9:19 am by The Invisible

» Thread for News on CSE and SL Economy
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Dec 03, 2019 9:18 am by The Invisible

» Lanka Tiles
COCR - Earnings Update - 16 03 16 - FC Research EmptySun Dec 01, 2019 8:43 pm by soileconomy

» ACL Cables
COCR - Earnings Update - 16 03 16 - FC Research EmptyFri Nov 29, 2019 11:12 am by The Invisible

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
COCR - Earnings Update - 16 03 16 - FC Research EmptyThu Nov 28, 2019 6:04 am by sureshot

» SEYB.N0000 ( SEYLAN BANK PLC )
COCR - Earnings Update - 16 03 16 - FC Research EmptyThu Nov 28, 2019 4:17 am by soileconomy

» An Attitude Adjustment
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Nov 26, 2019 12:36 pm by Backstage

» මහ බැංකු අධිපති ධූරයෙන් ඉවත් වෙයි
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Nov 26, 2019 11:00 am by The Invisible

» Sri Lanka cement production picks up
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Nov 26, 2019 9:22 am by Topcat

» Thread for News on Local and Foreign Politics
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Nov 26, 2019 7:04 am by The Invisible

» SEC Chief says ready to hand over baton
COCR - Earnings Update - 16 03 16 - FC Research EmptyMon Nov 25, 2019 8:12 pm by ruwan326

» Technology~විද්‍යාව ~ Wisdom
COCR - Earnings Update - 16 03 16 - FC Research EmptyMon Nov 25, 2019 8:36 am by ruwan326

» The Theatre | Best movies to Watch
COCR - Earnings Update - 16 03 16 - FC Research EmptySun Nov 24, 2019 5:18 pm by spw19721

» SHL.N0000 (Softlogic Holdings PLC)
COCR - Earnings Update - 16 03 16 - FC Research EmptySun Nov 24, 2019 9:44 am by The Invisible

» An individual in pursuit of a porcupine found dead in a burrow
COCR - Earnings Update - 16 03 16 - FC Research EmptyThu Nov 21, 2019 11:41 am by Backstage

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
COCR - Earnings Update - 16 03 16 - FC Research EmptyThu Nov 21, 2019 7:51 am by ruwan326

» APLA.N0000 (ACL PLASTICS PLC)
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Nov 20, 2019 11:03 pm by nesta

» භාරකාර ආණ්ඩුවක් හෙට
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Nov 20, 2019 7:19 pm by nihal123

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Nov 20, 2019 9:28 am by ruwan326

» මගේ කියවීම ...
COCR - Earnings Update - 16 03 16 - FC Research EmptyWed Nov 20, 2019 8:28 am by yellow knife

» How the silence on this !
COCR - Earnings Update - 16 03 16 - FC Research EmptyTue Nov 19, 2019 5:40 pm by Backstage

» ප්‍රතිඵලේ මොකක් උනත් ජ්යෝතිෂය සත්‍ය වෙන හැටි දැක්කද?
COCR - Earnings Update - 16 03 16 - FC Research EmptyMon Nov 18, 2019 9:15 am by ruwan326

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

COCR - Earnings Update - 16 03 16 - FC Research

Go down

COCR - Earnings Update - 16 03 16 - FC Research Empty COCR - Earnings Update - 16 03 16 - FC Research

Post by CSE.SAS on Fri Mar 18, 2016 7:36 pm

Commercial Credit and Finance PLC

Earnings Update - BUY

Current Price: LKR 43.5 Fair Value: LKR 50.0

Click the below link to download the Report of COCR - Earnings Update - 16 03 16 - FC Research

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

Earnings Performance

Shifting to Lease and Hire Purchase lending: Net interest income grew by 31%YoY to LKR 2.4bn in 3QFY16 opposed to LKR 1.8bn in 3QFY15 in line with the growth experienced in lending portfolio. Interest income grew by 40%YoY during the same period to LKR 4bn from LKR 2.9bn in 3QFY15 but growth was stagnant on a QoQ basis. Resultant to the low interest regime coupled with high level of new vehicle registrations in the country, Company’s loan portfolio grew 34%YoY to LKR 53bn, primarily attributing to 64%YoY growth in Lease and Hire Purchase portfolio which is valued at LKR 25.8bn. On a quarterly basis the total lending portfolio grew by 8%QoQ from LKR 49bn in 2QFY16. Other income stagnated at LKR 294mn despite the growth in loan portfolio.

Borrowing increase by 76%: COCR interest expense saw sharp increase of 54% well above the interest income growth despite lower interest rates on a YoY basis, due to higher borrowings and deposits. With COCR’s plan to exploit lower interest rates by locking in more borrowings at lower rates the company issued LKR 3.0bn debentures during the FY16, increasing the total borrowings of the company to LKR 8.8bn in 3QFY16 opposed to LKR 5bn in 3QFY15 recording a growth of 76%YoY. Deposit base of COCR registered a 39%YoY growth to LKR 50.8bn as opposed to LKR 36.5bn a year ago (LKR 51.2bn in 2QFY16).

Mounting NPAs: Provision for impairment during 3QFY16 was recorded at LKR 764mn (+72%YoY and +50%QoQ) dominated by the increase in irregular payment patterns witnessed in micro finance and SME portfolio followed by gold loans resultant to the decline witnessed in gold prices.

Declining Operational expenses: Operating Expenses for 3QFY15 was LKR 1.1bn (+24%YoY) with other operating expenses accounting for 40%, while on a quarterly basis it declined by 25% with LKR 1.5bn recorded in 2QFY16.


Disclosure:

First Capital Equities (Pvt) Ltd and any of its affiliates do not hold shares in COCR and will not trade in this share for the seven trading days following the issue of this document.[/quote]

CSE.SAS

Posts : 263
Join date : 2014-02-23

Back to top Go down

COCR - Earnings Update - 16 03 16 - FC Research Empty Re: COCR - Earnings Update - 16 03 16 - FC Research

Post by nihal123 on Sat Mar 19, 2016 10:04 pm

Thanks CSE.SAS
nihal123
nihal123
Top contributor
Top contributor

Posts : 5904
Join date : 2014-02-24
Age : 53
Location : Waga

Back to top Go down

COCR - Earnings Update - 16 03 16 - FC Research Empty Re: COCR - Earnings Update - 16 03 16 - FC Research

Post by First Guy on Sun Mar 20, 2016 9:46 am

Noted few interesting things. Credibility again is a question.
First Guy
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Back to top


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