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

Display results as :
 


Rechercher Advanced Search

Latest topics
» RCL - Royal Ceramics
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyToday at 5:24 pm by The Invisible

» Sri Lanka bad loans grow to 4.8-pct in June after soft-peg collapse
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyToday at 3:58 pm by The Invisible

» Banks, Finance & Insurance Sector Chart
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyToday at 3:51 pm by The Invisible

» HNB Update
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyToday at 3:39 pm by The Invisible

» Cricket, meet Capitalism
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyToday at 12:26 pm by nuwanmja

» SAMP.N0000 (SAMPATH BANK PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyToday at 5:19 am by NIRMALSG

» Thread for News on CSE and SL Economy
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyToday at 5:10 am by NIRMALSG

» Dividend Announcement
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyYesterday at 9:32 pm by nihal123

» Browns Investments update
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyYesterday at 7:45 pm by The Invisible

» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyYesterday at 1:03 pm by Fireandwater

» "පියසේනට දැං සනීපයි..."
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyYesterday at 10:47 am by Yin-Yang

» What's going to happen
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyYesterday at 6:26 am by serene

» TJL.N0000 (Textured Jersey Lanka PLC.)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jul 18, 2019 11:50 am by serene

» CFVF - First Capital
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jul 18, 2019 7:43 am by serene

» විද්‍යාව මිස්ගේ පාඩම...
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» LFIN - LB Finance
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri Jul 05, 2019 6:11 pm by serene

» Easter Sunday Attack and Sri Lanka
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research EmptyTue Jun 25, 2019 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 EmptyTue Jun 25, 2019 6:37 am by nihal123

» 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

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

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

» 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

July 2019
SunMonTueWedThuFriSat
 123456
78910111213
14151617181920
21222324252627
28293031   

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 Sun Aug 19, 2018 9:07 pm

CSE.SAS

any news report about LOFC....

LOFC performing more-than what Expected...

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 The Invisible on Thu Aug 23, 2018 11:35 am

Company performing but stock is not performing. You need to continue the wait bro.
The Invisible
The Invisible

Posts : 905
Join date : 2016-11-28
Age : 39

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 Sun Aug 26, 2018 3:54 pm

The Invisible wrote:Company performing but stock is not performing. You need to continue the wait bro.

in Green Market this will be effect/ we have to wait ASPI run 200-300 run.

any ideas...

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 Sat Sep 08, 2018 1:53 am

The Invisible wrote:Company performing but stock is not performing. You need to continue the wait bro.

very good thing is without ASPI. LOFC move alone..

any ideas....

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