Search
Latest topics
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
HNB.N0000 (Hatton National Bank PLC)
gTrade- Posts : 30
Join date : 2016-04-04
- Post n°26
Re: HNB.N0000 (Hatton National Bank PLC)
pjrngroup- Posts : 444
Join date : 2015-11-01
- Post n°27
Re: HNB.N0000 (Hatton National Bank PLC)
ruwan326- Posts : 1744
Join date : 2016-09-29
Age : 46
Location : Horana
- Post n°29
Re: HNB.N0000 (Hatton National Bank PLC)
[You must be registered and logged in to see this image.]
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
- Post n°30
Re: HNB.N0000 (Hatton National Bank PLC)
ECONOMYNEXT - Profits at Sri Lanka's Hatton National Bank group, which includes a insurer fell 15 percent to 2.97 billion rupees in the June 2019 quarter from year earlier, as a debt repayment levy hit profits and loan growth contracted, interim accounts showed.
The group reported earnings of 5.84 rupees per share for the quarter. For the six months to June, the group reported earnings of 9.83 rupees per share on total profits of 4.9 billion rupees, down from 7.8 billion rupees a year earlier.
Interest income grew 14 percent to 32.0 billion rupees, interest expenses also grew 14 percent to 17.4 billion rupees and net interest income grew 3 percent to 2.51 billion rupees.
Loans contracted 3 percent to 749 billion rupees by end June from December 2018. The bond portfolio also fell 6 percent to 155 billion rupees.
"The Bank’s robust business model coupled with prudent asset and liability management, enabled HNB to post stable results from its core banking operations despite a slowdown in balance sheet growth," the group told shareholders in a statement.
Loan losses grew 8 percent to 2.4 billion rupees in the quarter, from a year earlier.
The gross non-performing loan ratio grew to 4.69 percent in June from 2.78 percent in December.
Deposits fell to 814.7 billion rupees in June from 818.0 billion rupees in December.
Net fee and commission income grew 2 percent to 2.45 billion rupees.
Trading losses increased to 1.49 billion rupees from 1.17 billion rupees.
"An appreciating Rupee led to translation losses on foreign currency denominated long positions and FCBU earnings; this being the main reason for the Bank booking exchange losses of Rs 577.2 Mn during the first half," the firm told shareholders.
"In comparison, a substantial exchange gain of Rs 895.5 Mn was reported for the corresponding period ending June 2018."
Net gain on financial instruments rose 10 percent to 1.91 billion rupees.
Other operating income fell 2 percent to 1.7 billion rupees.
A new debt repyament levy of 717 million rupees hit the bottom line.
Gross assets fell 1 percent to 1,140 billion rupees. Net assets grew 3 percent to 141 billion rupees. At bank level capital adequacy rose to 15.5 billion rupees from 15.22 billion rupees. (Colombo/Aug13/2019)
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
- Post n°31
Re: HNB.N0000 (Hatton National Bank PLC)
ECONOMYNEXT – Sri Lanka’s Hatton National Bank, which controls an insurer, said profits grew 57 percent to 3.0 billion rupees in the March 2020 quarter from a year earlier, helped by forex profits and tax cuts despite loans loss provisions,
The group reported earnings of 6.09 rupees for the quarter.
Interest income fell 6 percent to 29.7 billion rupees in the March quarter, interest expenses fell at a slower 3 percent to 16.4 billion rupees, shrinking net interest income 9 percent to 13.3 billion rupees.
At group levels loans and advances grew 2 percent to 781 billion rupees from December to March 2020.
HNB provided 4.6 billion rupees for loan loss provisions at group level up 1 percent from a year earlier.
At standalone bank level provisions were 4.66 billion rupees up 13 percent from a year earlier.
.”. [G]iven the implications of COVID – 19, the Bank has incorporated initial adjustments based on the limited information available in line with the guidelines issued by CA Sri Lanka and has made an impairment provision for 4.7 billion rupees for the first quarter of 2020″ HNB said.
Gross non-performing loan ratio was unchanged at 5.9 percent.
Accumulated stage 03 impairments rose to 27.0 billion rupees from 24.0 billion in December.
Net fee and commission income fell 12 percent to 2.2 billion rupees.
“Relatively lower trade and economic activity even prior to the COVID – 19 pandemic resulted in fee income being marginally lower,” the banks said.
“Nevertheless, revenue from digital channels continued to be encouraging.”
Sri Lanka’s rupee fell in March as the central printed large volumes of money under its call-money-rate-targeting-with-excess-liquidity and did not defend the peg as it broke under excess liquidity and credit. March credit to both private sector and the government spiked, data showed.
The group reported other operating income of 1.9 billion rupees against a loss of 1.1 billion rupees last year as the rupee fell.
There were no charges for a debt repayment levy or nation building tax after the new administration announced tax cuts in January, which are yet to be passed in parliament.
In March 2019 the bank charged 583 million rupees for a debt repayment levy and 143 million rupees for nation building tax.
Group deposits grew 4 percent to 865 billion rupees during the quarter.
Shareholders grew 2 percent to 148 billion rupees.
Tier I capital adequacy fell to 14.08 percent from 14.7 percent at group level during the quarter. At bank level Tier I adequacy fell to 13.85 percent from 14.57 percent.
Gross assets grew 2 percent to 1,219 billion rupees. (Colombo/Mar20/2020)
gosrilanka- Posts : 3
Join date : 2020-05-24
- Post n°32
Re: HNB.N0000 (Hatton National Bank PLC)
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
- Post n°33
Re: HNB.N0000 (Hatton National Bank PLC)
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
- Post n°34
Re: HNB.N0000 (Hatton National Bank PLC)
gosrilanka wrote:Hi, will they approve declared Scrip & cash dividend for HNB share. AGM 29.05 & XD 01.06. Still huge foreign selling can be seen for HNB. Will there be any upward trend from current level in next week for this share ? Any predictions..? Pls comment...
GoSL,
Your interest in HNB is for short term trading ( few weeks)
or do you plan to hold for couple of years?
I believe this thread was started by Yellow Knife for academic info and stats
on HNB.
Think it better to have questions / discussion on a different thread.
Below is one for such :
[You must be registered and logged in to see this link.]
~~~~~~~~~
As far as I gather, the dividends declared don't have to be reversed.
It a bad move to do so too ( once declared !) unless majority shareholders
vote not to.
gosrilanka- Posts : 3
Join date : 2020-05-24
- Post n°35
Re: HNB.N0000 (Hatton National Bank PLC)
Since, I am a new comer to the tradings, its very much appreciate the correct guidance of you all.. Thank you.
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?