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

Display results as :
 


Rechercher Advanced Search

Latest topics
» TPL.N0000 (TALAWAKALE PLANTATIONS )
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyToday at 12:08 pm by yellow knife

» Dividend Announcement
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyToday at 10:08 am by Rana

» Life After Google
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyYesterday at 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyYesterday at 6:37 am by nihal123

» SAMP.N0000 (SAMPATH BANK PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jun 24, 2019 11:09 pm by hariesha

» Future of Tea Industry
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» Access Engineering AEL Technical Analysis
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jun 24, 2019 4:34 am by NIRMALSG

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySun Jun 23, 2019 9:14 pm by hammurabi

» Thread for News on CSE and SL Economy
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySun Jun 23, 2019 8:52 pm by NIRMALSG

»  Rajgama heroes !
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySat Jun 22, 2019 9:44 pm by spw19721

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» First capital holdings
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 20, 2019 5:57 pm by serene

» Happy Father's Day !
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» අනං මනං! #/+?.<>
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 13, 2019 8:07 am by ruwan326

» Should CSE be like this? Whose FAULT is it?
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

» CCS.N0000 ( Ceylon Cold Stores)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue Jun 11, 2019 9:15 pm by ruwan326

» MCPL.N0000
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySun Jun 09, 2019 12:15 pm by ruwan326

» Tourism sector
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySun Jun 09, 2019 6:53 am by NIRMALSG

» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri Jun 07, 2019 5:42 am by stockback

» Easter Sunday Attack and Sri Lanka
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 06, 2019 9:13 am by ruwan326

» In the Meantime, Within Our Shores !
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jun 03, 2019 2:14 pm by කිත්සිරි ද සිල්වා

» What to Analyse
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySun Jun 02, 2019 7:11 am by Leon

» Tolerance at its Best !
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu May 30, 2019 10:50 am by Yin-Yang

» විශ‍්‍රාම ගැන්වීමේ වයස් සීමාව ඉහළ දැමීමට මහ බැංකුවෙන් යෝජනාවක්
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue May 28, 2019 8:03 am by කිත්සිරි ද සිල්වා

» සදහම් අටුවාව
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue May 28, 2019 7:07 am by ruwan326

» බැරි වෙලා වත් අනික් පැත්ත උනොත්...?
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri May 24, 2019 3:42 pm by smallville

» Sri Lanka at Cross Roads: Time to Learn, Unlearn and Relearn - Prof Rohan Gunaratna
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri May 24, 2019 3:10 pm by puliyanam

» Songs to listen
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri May 24, 2019 11:26 am by yellow knife

» Dhammika Perera non-committal on common candidate speculation
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu May 23, 2019 2:54 pm by කිත්සිරි ද සිල්වා

» Films - To Watch List
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyWed May 22, 2019 10:04 am by කිත්සිරි ද සිල්වා

» Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue May 21, 2019 2:06 pm by Ethical Trader

» Presidential poll between 15 Nov-7 Dec
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue May 21, 2019 11:31 am by bjmd

» Flying is the Safest mode of Transport
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue May 21, 2019 7:07 am by කිත්සිරි ද සිල්වා

» My Port Folio Bleeding But Its just the Begining Of..
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySat May 18, 2019 7:40 pm by serene

» Sri Lanka mulls 25-pct ownership limit in finance companies
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri May 17, 2019 3:40 pm by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri May 17, 2019 2:43 pm by Backstage

» Israeli spyware breached WhatsApp security
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

June 2019
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
30      

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

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

Go down

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

Post by CSE.SAS on Tue Apr 18, 2017 10:14 pm

LOLC FINANCE PLC

Initiating Coverage - STRONG BUY

Current Price: LKR 2.1 Fair Value: LKR 3.7

“Gearing up for the Future”

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

LOFC has the second largest individual asset base in the Non-Banking Financial Institution (NBIF) sector in Sri Lanka, and is expected to grow at an impressive CAGR of c.25% in earnings during the period FY16-FY19E, to reach LKR 3.5Bn in FY19E. The company is expected to grow its earnings mainly through an increase in lending at a CAGR of c.15% to LKR 145.2Bn in FY19E along with improved Net Interest Margins (NIMs) of c.10.0% during the same period. FC Research expects LOFC to provide a total return of 76% at LKR 3.7. STRONG BUY

Change in Lending Portfolio mix to counter asset liability mismatch: In response to the past rising interest rate environment, a shift in the focus of the loan portfolio from long term products, leasing and loans, towards a short term product, factoring. This would help match the predominantly short term liabilities with the more long term asset base, and thereby reduce the exposure to NIM deterioration caused by the higher interest rates.

NIMs to improve with interest rate decline: NIMs expected to improve from c.8.5% in FY17E to c.8.7% and c.10.0% in FY18E and FY19E respectively. This is due to the time lag between the borrowings and lending re-pricing, where borrowing rates would decline at a faster rate than the lending rates in a declining interest rate environment which would in turn expand NIMs.

Reduced NPLs with improvements in the secondary market for vehicles: Reduction in NPLs with improvements in the second hand market for vehicles will have indirect positive effect on earnings through reduction in the loan loss provisions.

Investment Risk: Operating in the finance sector, LOFC is exposed to credit, market and regulatory risks.

LOFC to provide a total return of 76%: FC Research expect LOFC to achieve a fair value of LKR 3.7 providing a total return of 76% (Capital Gains 76%, Dividend yield 0%) over a 12-month period. [RI based LKR 3.5, Justified PBV based LKR 3.8, PER based LKR 5.0 and illiquidity discount of 10%].

Disclosure on Shareholding:

First Capital Group and its affiliates do not hold shares in LOFC. Neither First Capital Group nor its affiliates have traded in the shares in the three trading days prior to this document, and will not trade in the shares for three trading days following the issue of this document.

Discount for liquidity:

The fair value of LOFC has been adjusted 10% downwards to reflect the lower trading volumes of the share compared to the average trading volume of the market.

CSE.SAS

Posts : 263
Join date : 2014-02-23

Back to top Go down

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

Post by stockback on Tue Oct 09, 2018 3:27 am

SLSTOCK. please give me your idea about current situation about LOFC.

Di-Listing plan.

if they wants to di-list. idea about Stock Value(Price)

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

stockback

Posts : 200
Join date : 2014-04-03

Back to top Go down

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

Post by slstock on Tue Oct 09, 2018 11:08 am

stockback wrote:SLSTOCK. please give me your idea about current situation about LOFC.

Di-Listing plan.

if they wants to di-list. idea about Stock Value(Price)

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


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

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : [You must be registered and logged in to see this link.]
---------
slstock
slstock
Veteran
Veteran

Posts : 5553
Join date : 2014-06-12

Back to top Go down

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

Post by stockback on Wed Jun 05, 2019 10:14 pm

LOFC has very good performance

EPS 1.42. Net assets around 5.4

last month also they are saying De-list..

any idea......

stockback

Posts : 200
Join date : 2014-04-03

Back to top Go down

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

Post by serene on Thu Jun 06, 2019 7:35 am

stockback wrote:LOFC has very good performance

EPS 1.42. Net assets around 5.4

last month also they are saying De-list..

any idea......

Surprise to see that no regards to Rights but De-List in your comment.

serene
Top contributor
Top contributor

Posts : 4406
Join date : 2014-02-26

Back to top Go down

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

Post by stockback on Fri Jun 07, 2019 4:10 am

serene wrote:
stockback wrote:LOFC has very good performance

EPS 1.42. Net assets around 5.4

last month also they are saying De-list..

any idea......

Surprise to see that no regards to Rights but De-List in your comment.

that is very good point.

RI =4.65 then what is De-list price. EPS 1.42 , NAVP = 5.42

today they have announcement still they saying about de-listing. if they de list then they will offer good price according to current situation.

if they wants to sale RI to another company then they can avoid de-listing. then they has to keep stock price up. to sale RI to another company. please think logically

according to my view this is best share in the CSE for this moment...

please give me your idea...

stockback

Posts : 200
Join date : 2014-04-03

Back to top Go down

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

Post by stockback on Fri Jun 07, 2019 5:42 am

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

LOFC chart.

stockback

Posts : 200
Join date : 2014-04-03

Back to top Go down

Back to top


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