Switch between our dark and light theme.
see posts from by tagged as
Recent » posts replies

Stocks
PABC, Pan Asia Banking Corporation Ltd

40.5 LKR up 0.20 or 0.5% chg. 25,100 vol. 1,017,460 tnvr. 28 trades
Last traded 12 min ago

Mentioned in 25 posts...

  • [Updated] This is what I said in 2009 and 2010 on some stocks!

  • • reply from MarketWatch, 18 Oct 09 • It is better to concentrate more on banking and financial sector and few other sectors due to lower interest rate, foreign inflows in trea...
  • 3 replies, DoctorJV 3 days ago posted by MarketWatch, 3 days ago

  • [Updated] #PABC

  • #PABC Dr.T.Senthilverl has acquired 10% of the issued share capital of the campany.its possible to go up more then 50.00 Rupees.
  • 0 replies posted by ranka, 5 Aug 10

  • [Updated] Why is #PABC down today!

  • Is it due to interest on GREG OR DPL or due to fall in earnings when compare with last year?
  • 12 replies, mithra 2 Aug 10 posted by MarketWatch, 30 Jul 10

  • [Updated] #PABC barrier.

  • Friends, i am in two minds to sell PABC or not. Please advice me whether to hold or sell @ 42. Appreciate your guidance. Thanks
  • 2 replies, Invest77 28 Jul 10 posted by Invest77, 27 Jul 10

  • [Updated] #PABC #NTB

  • Hello Guys, #PABC and #NTB shares seems to be not breaking away from the current prices. Is it advisable to sell them and invest in short term stocks, with the view of purchasing ...
  • 2 replies, Invest77 22 Jun 10 posted by Invest77, 22 Jun 10

  • [Updated] PABC and BFL: Possible winning patterns

  • #PABC I noticed that it seems to have constructed a cup-with-handle that started late Feb at around 22.75 then extending down -30% to 16 at the start of April. April 30th it sho...
  • 7 replies, rehan 7 Jun 10 posted by rehan, 3 Jun 10

  • [Updated] VAT on Banks

  • My gut feeling is that they will cut the VAT on financial institutions as this is a major obstacle for the growth of these financial institutions. #COMB #HNB #PABC #DFCC #NTB
  • 0 replies posted by ananda95, 2 Jun 10

  • [Updated] #PABC

  • Does anyone know why there was a sudden interest in PABC today?
  • 1 replies, pissa6666 2 Jun 10 posted by RR, 1 Jun 10

  • [Updated] #PABC

  • Hi Innam, I would appreciate your insight for PABC. My strategy is buy and hold and don't mind keeping for 12 to 18 months. Would you recommend it at these prices? I know th...
  • 1 replies, innam 28 May 10 posted by RR, 28 May 10

  • [Updated] Attn Pissa6666, MW, Inam, Cse.See

  • Pissa6666 This is your is one of your replies... "I also find value in #NTB, #PABC, #CWM, #LHL, #AGAL, #CERA, #LWL, #LALU & #MGT, though some of the shares are a bit illiquid a...
  • 1 replies, pissa6666 17 May 10 posted by mission, 17 May 10

  • [Updated] #PABC good to buy

  • How is #PABC @18.00 Rupee.i think now good to buy this.bank secter are going up......
  • 8 replies, manjugodage 3 May 10 posted by ranka, 26 Apr 10

  • [Updated] #PABC right issue?

  • #PABC Helo anyone knows how to buy these Right shares? where do i get application?
  • 3 replies, dinusl 1 Apr 10 posted by belpa, 1 Apr 10

  • [Updated] PABC Right share issue #PABC

  • #PABC Helo friends, I am a beginner for market. I have some shares of PABC nad last week they have send me Annual Report. With that they have sent me a letter saying that they ...
  • PABCRightshareissue
  • 4 replies, belpa 30 Mar 10 posted by belpa, 18 Mar 10

  • [Updated] #PABC right issue..

  • Hi all, Heard that there will be a right issue of PABC soon. Can anyone please tell me about when this will happen? And what do u think about the issue..? Thanx in advance.
  • 1 replies, innam 8 Mar 10 posted by venuje, 8 Mar 10

  • [Updated] #PABC

  • is Pabc a good share?
  • 1 replies, aattanayake 5 Mar 10 posted by maverickk, 5 Mar 10

  • [Updated] PABC right issue.

  • any ideas as to whats going on with #PABC, it started going down after they annouced a rights issue which i found a bit strange!
  • 3 replies, innam 25 Feb 10 posted by changatck, 25 Feb 10

  • [Updated] #PABC

  • #PABC reported 3Q earnings. latest 9 month EPS is now 3.33 (last year's was 1.44), latest 3 month EPS was a solid rather than spectacular 0.62 (last year's was 0.42). Looking at th...
  • 2 replies, MarketWatch 6 Nov 09 posted by innam, 6 Nov 09

  • [Updated] #PABC

  • #PABC released its 2Q earnings and EPS was 1.87 for 2Q and 2.70 for the 6 months. Looks like they've nicely benefited from the falling interest rates. Even assuming that they don'...
  • 9 replies, MarketWatch 8 Aug 09 posted by innam, 3 Aug 09

and in 65 replies...

  • [Updated] Short term growth an... reply from pissa6666, 5 days ago
  • @smalik

    Sorry for being late for the same reason as chinwi.

    Some fundamentally sound shares identified early with clear analysis in this forum in the past are doing extremely well. Eg. #BFL, #LFIN, #LCEY, #RICH, #GRAN, #TAFL, #MAL, #PABC, #NTB, #JKH, #DFCC(there are many. These are only few which came to my mind.)

    I find great growth potential in the following stocks. Movement in prices may be triggered with the financials for QE30 Sept. 10. I have individually commented on them in the past too:

    #ACL, #MAL, #CERA, #LWL, #TILE, #NTB, #PABC, #BALA, #ACME, #LHL

    Do your own reasearch before decision. By fundamentals and future potential, I think these stocks are attractive at current prices.
  • [Updated] Time to study and ta... reply from MarketWatch, 28 days ago
  • I noticed today July monthly average tea prices have come down when compare with corresponding last year. Therefore, their profit margin from tea will come down in the next two quarters. However, we have to keep an eye on sudden rise in tea prices at the end of this year.

    Both rubber and oil palm can fluctuate in the coming months.

    We should keep an eye on next direction of commodity prices at the end of this year

    I think particularly few stocks in one or two groups can go up next week.

    We should study diversification in plantation stocks thoroughly in the future.

    Quarterly results of some plantations and #PABC less than expected. Even results of #JKH less than expected even though they had better results than corresponding last year. However we can expect higher earning in the coming quarters due to higher earnings from the hotel sector
  • [Updated] Time to BUY reply from MarketWatch, 28 days ago
  • It looks like still some players are active on HDFC.

    I think few more stocks will go up tomorrow and next week.

    We should rotate stocks in the coming months.

    I noticed today July monthly average tea prices have come down when compare with corresponding last year. Therefore, their profit margin from tea will come down in the next two quarters. However, we have to keep an eye on sudden rise in tea prices at the end of this year.

    Both rubber and oil palm can fluctuate in the coming months.

    We should keep an eye on next direction of commodity prices at the end of this year

    I think particularly few stocks in one or two groups can go up next week.

    We should study diversification in plantation stocks thoroughly in the future.

    Quarterly results of some plantations and #PABC less than expected. Even results of #JKH less than expected even though they had better results than corresponding last year. However we can expect higher earning in the coming quarters due to higher earnings from the hotel sector
  • [Updated] HDFC only stock clim... reply from MarketWatch, 28 days ago
  • It looks like still some players are active on HDFC.

    I think few more stocks will go up tomorrow and next week.

    We should rotate stocks in the coming months.

    I noticed today July monthly average tea prices have come down when compare with corresponding last year. Therefore, their profit margin from tea will come down in the next two quarters. However, we have to keep an eye on sudden rise in tea prices at the end of this year.

    Both rubber and oil palm can fluctuate in the coming months.

    We should keep an eye on next direction of commodity prices at the end of this year

    I think particularly few stocks in one or two groups can go up next week.

    We should study diversification in plantation stocks thoroughly in the future.

    Quarterly results of some plantations and #PABC less than expected. Even results of #JKH less than expected even though they had better results than corresponding last year. However we can expect higher earning in the coming quarters due to higher earnings from the hotel sector
  • [Updated] MONKEY STORY? reply from SISA, 31 Jul 10
  • Imp not criticizing #TWOD.Fist you have to understand what is saying. Do you know last week what happened to #REEF?. Our poor investors trapped by dammika perera.For #PABC same thing happened. These days lot of manipulation going on in CSE.With the help of this forum we can avoid by this traps.Also what happened to #KHL rights.Dont you come to teach about trees for me because I am a son farmer.


    Please guys read monkey story again & again it may more useful future than present.
  • [Updated] What about NTB-W @ 3... reply from pissa6666, 28 Jul 10
  • @chinwi

    I too hope the share to reach Rs.90 before Nov. and to reach your estimate if the 2010 performance is significant.

    See my reply to a post on 5th May on Banking sector stocks:

    Quote

    reply from pissa6666, 5 May 10
    Hi Rapaport,

    Good to see some wholistic thinking going into the banking sector stocks.

    Banking is the live wire between the 'haves' (funds) and 'have nots' and indispensable for any economy whether it is at war or not. That is the reason why even during war bank stocks were giving reasonable returns. Unaffordable interest rate escalation during the latter part of war created lot of economic woes and the obvious result was the escalation in loan defaults across the board.

    Now that that is history, banks are slowly getting back to the groove, and the non-performing loan portfolios are reducing by the day. The positive sentiment is setting in and the banks are slowly freeing their arms in extending loans.

    However, as banking stocks were the cynosure of all eyes, the stocks like #COMB, #HNB, #SAMP and #SEYB have rapidly appreciated. As you have rightly mentioned above, their PE multiples are high and can come down only with future earnings. So these stocks for me are a little overpriced and long term plays.

    But in the short to medium term, I expect #PABC and #NTB to outperform the market growth. The reasons are:

    1. Their PE multiples are pretty decent - #NTB - 9.5 & #PABC - 6

    2. These stocks have not appreciated much in the recent rallies due to the rights issues / conversion of NTB warrants into shares.
    For me, with the rights issue, PABC achives it's capital requirement as per Central Bank's prescription and achives the much needed funds for branch expansion and credit growth.
    As for NTB, every conversion of warrant brings in equity capital of Rs.30 and 2010 warrants have given an additional free capital of Rs.1.3Bn for credit expansion.

    3. As young banks, their growth rate will be much higher than COMB, SAMP & HNB. In 2009, PAT of PABC has grown by 73% and PAT of NTB has grown by 15%, irrespective of a Treasury loss (abnormal) of Rs. 500Mn. Whereas COMB grew by 1.75% in PAT.

    4. The group support of JKH for NTB and that of Dhammika Perera for PABC augurs well for the growth of these banks.

    So my bet is with these banks at the moment, which I hope will be reaffirmed by their 1Q results.
  • [Updated] Hello Experts in thi... reply from MarketWatch, 28 Jul 10
  • Property group also undervalued when compare with other groups. Try to learn volume and trend carefully. We should be able to make some capital gain. In my case, I should have great value, strong fundamentals to consider any stock at least future earnings and new developments and hidden assets etc. Pl keep following EAST.

    Hi players if you are clever try to follow volume in GRAN, OSEA, EAST and TAFL and see whether there is any upside potential

    In case of BFL, we should have completely different approach.

    Stocks will never go straight up and down. They will come down little bit. Will have pause, will consolidate, and will build base. Then they will go up.

    Some technical analysts wasted their time looking at charts and sold some stocks without identifying intermediate up trend and long term up trend
    They were few I respect them.

    In some stocks will have continuous pivot points and at that point there will be some distribution. After that, these stocks will continue their up turn journey breaking new highs.

    It happened to stocks such as #PABC, #KGAL, #LFIN and #GRAN etc

    Remember my buy point for PABC for short term, medium term and long term? It was around Rs.15. I mentioned last year

    When it broke, Rs.20 first time there was some distribution and some sold and came down to around Rs.17.

    What were the results? All went up gradually

    Everybody make mistakes. Nobody can will all the times.

    Now we should concentrate on coming bullish stocks

    Good luck!
  • [Updated] #PABC Is it a good ... reply from MarketWatch, 28 Jul 10
  • Stocks will never go straight up and down. They will come down little bit. Will have pause, will consolidate, and will build base. Then they will go up.

    Some technical analysts wasted their time looking at charts and sold some stocks without identifying intermediate up trend and long term up trend
    They were few I respect them.

    In some stocks will have continuous pivot points and at that point there will be some distribution. After that, these stocks will continue their up turn journey breaking new highs.

    It happened to stocks such as #PABC, #KGAL, #LFIN and #GRAN etc

    Remember my buy point for PABC for short term, medium term and long term? It was around Rs.15. I mentioned last year

    When it broke, Rs.20 first time there was some distribution and some sold and came down to around Rs.17.

    What were the results? All went up gradually

    Everybody make mistakes. Nobody can will all the times.

    Now we should concentrate on coming bullish stocks

    Good luck!
  • [Updated] Eye on #JINS reply from pissa6666, 28 Jul 10
  • The share is valuable at 14.75. There is no doubt about it. What I meant was, when there is crossing or large deals, the price tend to increase. And the increase is largely controlled by retail sellers at every 25 cents. This is the pattern we see during last 1 year.

    So having a medium term horizon in mind, collecting at this price is not bad. But we should not expect wonders, or even like what is happening to #PABC & #NTB.
    You can expect this share to go upto Rs25 during next 3 months. That is the maximum as per my estimation.
  • [Updated] Identifying the corr... reply from SISA, 26 Jul 10
  • @Invest77,
    Why are you taking only 10%.Some under value stocks giving more than 100%.
    some examples.I bought feb of 2010 #NHL 3.30 sold 7.50 two weeks ago.
    #LFIN bought jan 2010 43.50 sold 88.50 march 2010.
    #PABC bought 20 last jan. sold 31 two weeka ago.
    Im still worrying about these seelling because now #LFIN 165 & #NHL 8 #PABC 39.IF u giving your email i can send waren buffet secrets.
  • [Updated] CSE -ASI 5000 and be... reply from DoctorJV, 25 Jul 10
  • We find those strategies are useful and rational. As you mentioned in your post , “Remember we had great rally in stocks such as #HNB, #COMB, #SAMP, #DOCK, #NTB, #LLUB, #LINV, #SPEN, #HAYC, #PABC, #LFIN, #CFIN, #BFL, #COCO, #HASU, #CMAX, #HAYL, #AHUN” and we agree that all those STX performed well, at times under extremely difficult economic circumstance. Can we expect most of these fundamentally strong Stx to continue perform well in the next 2 to 3 years as well?
  • [Updated] What is this market ... reply from MarketWatch, 11 Jul 10
  • A correction is a short-term price decline of 5% to 20% or so. Can you remember even we were having group, sector and stocks oriented correction and bull run time to time.

    Correction will come when none is prepared. Sometimes coercion will never come. Instead, we will have sector, group and stocks oriented bull markets and correcting time to time.

    Believe me this trend will continue until end of this year. It all depends on strong market players. Fear and greed will be there. Some people will speculate stocks prices will go up. Some people will speculate stocks will go down.

    What we should watch is whether companies are going to make attractive earnings in the future.

    In the recent past, we had correction for plantations group, ceramic group,, stocks such as #Greg, #DOCK, #HAYC, #LFIN , #DIAL. #PABC #LCEM, #hdfc #serv etc. After that stock such as #LFIN, KGAL, #KVAL, #PABC and SERV went up rapidly.

    Kgal went up to around Rs.80 and came back to Rs.65. Now it is trading around Rs.90. LFIN had so many correction. Now trading around Rs.135/. Kval came down below Rs.70 and now trading around Rs.105.

    I already said that in March some stock would have less than 5% correction. Some will have around 10%, few stocks will have more than 20% correction, some will go sideway and some will go up gradually and systematically like a tortoise. Those stocks, which had correction such as KGAL, LFIN, SERV and PABC, went up strongly. HHL stagnated for while and after that, it went up rapidly.

    Some stocks will have pullbacks time to time. After that, they will have strong breakouts.

    My MAIN current theme in the current market is:

    Buy the best stocks When independent analysts’ rank stocks as number 1 Strong Buys after doing careful study. These stocks should be undervalued stocks

    Sell the worst stocks when independent analysts rank stocks as Strong Sells after doing careful study. These stocks should be overvalued stocks
  • [Updated] Arn't we greedy........ reply from pissa6666, 2 Jul 10
  • I am sorry for your loss ananda95. A lesson learnt the hard way.

    It is a pity the CSE does not have a control system. When speculation is reigning supreme like this, it is their duty to have some system of suspending the trading of a stock periodically and getting the explanation from the company for the reason and allow trading after being convinced of an acceptable reason.

    further, when market is hyper active like this, CSE seriously lacks controls on insider dealing.

    For members, if it is so irresistible, I can give you one tip. When you get tempted in big rallies like this and like to make an intra-day gain even when you know that the share is risky, ask yourself a question. "Whether you are comfortable even if you lose the whole capital in this gamble?" If the answer is "Yes", then go ahead.

    The abillity to resist the urge to get involved in this comes from determination, experience and maturity.
    We should try to develop that.

    We commented on shares like #BFL, #GRAN, #LFIN, #RICH, #PABC, #NTB etc. in the past and all have appreciated and stocks like #BFL and #LFIN have appreciated by more than 200% from the time we first commented. If you follow a strategy to book into fundamentally sound shares, and use a little tech analysis to time the purchase and sales, you will always win.
  • [Updated] What should be our s... reply from sanga, 24 Jun 10
  • We should buy and hold undervalued stocks, which are going to outperform market in the future.

    My picks for the next 8 months.

    #BALA
    #KGAL
    #BFL
    #MBSL
    #PABC
    #MGT

    Better to collect on market correction and hold on for next 8 months.. Good luck
  • [Updated] More return from CSE reply from MarketWatch, 17 Jun 10
  • • reply from MarketWatch, 1 Oct 09
    • I think if #RICH can improve their cash flow their share price could go up further. If they can make good profit from disposing some of their operations and if they concentrate on their core businesses then we can see rapid growth in the group.

    In the long run, they will benefit from rubber-based products and from increased economic activities.

    I think some of your stock picks in the Agribusiness sector and stocks in the financial sector such as LB Finance and #PABC are very attractive.

    In addition, we must keep our eye on #CFIN as well. Both #CFIN and LB Finance are massively undervalued. They have best return on equity in the financial sector in addition to attractive earning per share. #PABC also has one of the best returns on equity ratios.

    Even if shares prices of LB Finance and #CFIN increase by more than 100%, their P/E ration will be less than 10. Current market P/E ration is around 13.

    reply from MarketWatch, 18 days ago
    • I think #RICH is going to concentrate on their core business. We should keep under our radar during next 21 months. Everybody have some expectancy in some areas.

    In my next list, I like to include RICH as well. In my past list except few stocks, I do not see much value in them now. In that few stocks, I see great value than before due to their earnings and future prospects.

    Remember in addition to core business that there is an asset play also in some stocks. Therefore, those stocks have more value now.
  • [Updated] LFIN - solid financi... reply from rehan, 11 Jun 10
  • @MarketWatch

    Yeah. Since you first mentioned it in a reply (below) it has risen over +200% ;)

    ---

    What about #SERV, #KHL, #MRH and #STAF..?
    http://investnow.lk/2009/09/22/what-about-serv-khl-mrh-and-staf/129/321/

    What about poultry sector? I think this sector will have rapid growth during next 18 months

    Even during next six months, they will have above average growth.

    #BFL will be clear winner in this sector due to so many positive factors. In the near term it will brake their all time high of RS.31/- and thereafter it will go above Rs.50/- in the medium to long run due so many positive factors such as expansion of business, new market, new products etc.

    In the Finance and Banking sector #PABC, #CFIN and #LFIN is very attractive due to their attractive return on equity, earning per share and future growth.

    However, I suggest investors should invest in what they know very well.

    ---

    @Suran

    #CFIN doesn't seem to have performed very well over the last 2 quarters; Q3 and Q4 2009 ending Mar 31, 2010 with revenue's up just +1% while Net Profit After Tax (NPAT) was down -9% along with it's EPS down -11% to 14.69 for Q4 though the Q3 was alright with revs up +4% and NPAT up +22% and EPS up +18%.

    NAVPS at the end of the year was 449.57 but over the last 3 years since Mar 08 things seemed to have slowed. Revenues went from +21% to +15% to just +3%, 7.6b for the year while NPAT slowed from +8% to -6% to -5% along with EPS +8% to -7% to -7% and even NAVPS slowed +18% to +15% to +11% and the Return on Equity (ROE) was just 11.46% for the year ended Mar 2010 while in Mar 2008 it was 17% compared to #LFIN which has an ROE of 28.5% increasing from 21.1% in Mar 2008 so given the numbers I think it may be time to move on to a better investment as the market will sooner or later catch up the numbers. CFIN was stagnate for the last 6 months ;)

    Hope this helps.
  • [Updated] Will @JINS go up reply from MarketWatch, 8 Jun 10
  • Rehan thank you for your posting. I think Rehan; you should make use of your knowledge to trade some extremely bullish stocks time to time. First time I got some idea about base pattern. It is useful to take as an additional indicator and further confirmation.

    We should follow JINS to identify their trend. It can go up suddenly and it can go down suddenlty.

    If it break Rs.15 barrier strongly it will go up.

    Remember #PABC and #GRAN. When they were trading around Rs.14/- It took so many times to break Rs.15 barrier. Can you remember we were talking about above stocks last year?

    Thanks.
  • [Updated] Keep eye on #MBSL...... reply from rehan, 7 Jun 10
  • @Guru

    Thanks. I'll see what I can find on #MBSL ;)

    @vkulunu

    That's true but also a somewhat common occurrence after coming out of a base in my view as investors who have held the stock for a long time see the hike as a perfect exit point off loading their stock to sometimes better informed investors who aren't afraid to pay a premium for a good stock.

    Yeah as #PABC , #NTB and #MBSL trade under 50 most people would consider then great bargains and thanks for the update on their management, I wasn't aware of that ;)

    My only issue this these counters is that they seem to be progressing too quickly so if you decide to get in at the tail end you may see red when the stock loses it's heat. I prefer to buy stocks trading around a 100 as they have more of a margin.

    #LFIN and #LWL are two stocks that I entered in today after seeing them up on high volumes. They have also been showing some stellar financial numbers for the last few quarters/years.
  • [Updated] Stocks to watch reply from MarketWatch, 6 Jun 10
  • If we carefully follow above stocks, we can make capital gain during next 10 years time to time.

    I noticed Ceybank Fund management knows how to identify even small and medium cap stocks in advance.

    This is my post 18 days ago!

    SPEN, #JKH, #COMB, #HNB, # #SAMP, #HAYL ,#HHL, #CFIN, #SLTL, #HDFC, #DOCK, #AHUN and #GREG now?

    What I wrote 18 days ago!

    • Which companies in above list will go up more than 15% by June?

    Which companies in above list will have consistence in earnings during next four quarters?

    Which companies in above list have strong management? Thanks.

    • Thank you for reply.

    What do you think about both #COMB and #JKH?

    It looks like that they will have some run in the near future.

    I am trying to study their pattern and next barriers.

    Remember when company announce good profits they are going down except few stocks.

    Fundamentally weak hot and speculative companies with mountain of debt having good run now? Why?

    Time to time different crowd and players become active in selected stocks, groups at different times.

    I think we are due for three strong group rallies in the near future. Some players will become active in those groups. Even some fundamentally weak stocks will have good run.

    • As I said we had a powerful rally in poultry group.

    In fact percentage wise #TAFL appreciated more than powerful #BFL. |More than 40% during short period.

    We will see more and more powerful group, sector and stocks oriented rallies in the future.

    We should go behind powerful tortoise stocks with great success stories in the future.

    We must be realistic. Do not forecast stocks will become double within a week, month etc.

    Reply in the current year!
    •
    • reply from MarketWatch, 4 Jan 10

    More about P/E ratios:

    Generally many make use of p/e ratio to compare stocks in the same sub group or sector. Some are using peg ratio in addition to p/e ratio.

    Value investors will go for higher return on equity as well. However we must not forget market is not 100% efficient.So hot stocks, speculative and penny stocks can go higher and higher despite higher p/e ratios.

    Currently hotel, health have p/e ratio of more than 62. Current market p/e ratio is around 16.Oil palm and power sector has p/e ratio of more than 45.
    Trading has around 27 and motor sector has around 36.

    Services,teecomunications, diversified and manufacturing has over 20.

    When compare with market p/e ratio sectors such as Finance,Plantations stores and supllies have some of the lowest p/e ratio in the CSE.(Around 11).

    Companies such as #NDB,#BFL, #BALA,PABC,CFIN,#LFIN and #HDFC etc have some of the Lowest p/e ratios in the CSE.Some of the above compnies have p/e ratio of less than 5 and return on equity more than 20.More than that some have less debt in thier books and have innovative ideas.Their cash flow will improve further.

    I think some of the abvove companies will have improved earnings,ROE, better than expected results not only during next two quarters but also during next five years

    • Some of the reply made last year!
    •
    • reply from innam, 11 Sep 09
    • marketwatch- i hope you have invested in the two stocks that you mentioned, #PABC and #CFIN. #PABC has been stuck at 15 levels due to selling pressure, what will move the stock will probably be 3Q earnings. #HDFC had a turnaround quarter in 2Q and the market rewarded it by doubling the share....#PABC's 6 month EPS was 2.7 even with a moderate 3Q they can end up with a 9 month EPS of 4.....that means the share should at least be trading at the 20 levels. So accumulate #PABC till 3Q earnings.

    #CFIN has started to move on high volumes (the share only trades about a 1000 a day but suddenly volumes have hit 40,000), so it looks like moving past 300.....in the current mood the share can easily reach 350. Every year for the last 3 years they've been delivering EPS of above 50.....also #NTB and #TSML are associate companies and they have a real estate investment (Hedges Court) that should do well with the economy picking up....thanks for mentioning #CFIN marketwatch i hadn't looked at it untill your post.

    reply from MarketWatch, 10 Sep 09

    Even on P/E comparison, #CFIN and #PABC has lowest P/E ratio in the financial sector.

    I think this is the time to invest in #PABC as a trader, long-term investor or short term medium term investor

    Remember at that time PABC was trading around Rs.15/-. It went up around Rs.24/- and came down to around Rs.18/. Some top traders entered again. Now trading around Rs.27. It looks likes PABC is having some momnuntum trading time to time. It will have volatility as well.

    We have to do more study due to issue of new shares in stocks such as NTB, PABC and MBSL. Long term they will have growth.
  • [Updated] NTB moving on heavin... reply from rehan, 3 Jun 10
  • @MarketWatch and @pissa6666

    Thanks for your insights. Not much activity on #NTB today but #NTB.W seems to be the 3rd most accumulated stock after #PABC and then #SEMB though PABC and NTB.W are both up on strong demand but they do seem to be at the tail end being the cheaper sort of stocks though they may be able to command a short rally.

    Any idea of who's buying PABC?
  • [Updated] NTB moving on heavin... reply from pissa6666, 3 Jun 10
  • @Rehan,

    I do not find a specific reason. May be that due to the following:

    1.Blue chip banking stocks are eyed by the foreign funds as well as local institutions like EPF. This got triggered yesterday with massive purchase of 10% shares in #COMB by Japan based fund - SBI Group from #DFCC

    2. Banks have very high growth potential now

    3. Fundamentals of #NTB and #PABC are good and price is low, denoting higher yield in medium to long term.

    Also, see my post in March on #NTB. I also have posted many times on #PABC

    quote:

    Read my post on 27th March 10 on #NTB:

    #NTB IS A VERY GOOD MEDIUM TERM BUY...!

    EPS - Rs.4.09
    NAVPS - 28.48
    Dividend yield - 1.50
    Net profit growth, inrrespective of a forex loss of 500mn.- 16%
    PE Ratio - 9

    The share price has not moved for quite some time, but rather coming down.

    Warrants 2010 and 2011 are major drag on the share price, as per market perception.

    The fact we should understand is:

    Warrants 2010 has added 42mn shares and brought in Rs 1.2Bn capital as Rs30 per share. Warrants 2011 will add 21mn shares and an additional Rs600mn capital, at Rs30 per share.

    So, the NAVPS will not get affected, but rather, the bank has got additional capital of 1.2Bn for this year and will get 600Mn for next year.

    Being in the group of JKH will very well contribute to this bank in account growth and lending activities.

    The additional shares will be a drag on the price increase as the selling pressure will be there in the short run.

    I believe that this is a medium term buy and investors can expect rich returns in the medium term.
    3 replies, MarketWatch 27 Mar 10 posted by pissa6666, 27 Mar 10
  • [Updated] #TWOD reply from pissa6666, 15 May 10
  • Actually, I will not put #TWOD in the same league of #GREG. Reason is, though the accounting treatment of biological assets is a bit grey, TWOD at least has the focus, specialisation and investment in Srilanka in such area. #GREG talks about first raising the capital, and sendig the money out in the most controversial way, investment in platinum mines which is greek in language and fairy tale in substance. To raise capital and invest in companies like #CLPL, you do not need to invest in #GREG. Close ended funds like #NAVF will do that job.

    When it comes to value stocks, I had my stakes in #RICH, #LFIN, #BFL, #GRAN and #BALA, all these have been recongnised by the market now.

    I also find value in #NTB, #PABC, #CWM, #LHL, #AGAL, #CERA, #LWL, #LALU & #MGT, though some of the shares are a bit illiquid and stagnating right at the moment.
  • [Updated] Capitalization of Re... reply from pissa6666, 10 May 10
  • In simple words, if you hold 8 voting shares of #TKYO, you will get an addtional share free from the company. Likewise, if you have 8 non-voting shares, you will get one NV share free as per the date mentioned.

    This is also called bonus share. If it is a Rights issue, you will pay the prescribed amount (say for #PABC, it was Rs.12 per share) to get that additional share. In the above case, you need not pay, but the company will reduce from the Reserves (Rs. 17 for one share in case of #TKYO) and add it to the stated capital. This is a book entry.

    Hope you are clear now.
  • [Updated] #NTB reply from pissa6666, 8 May 10
  • @RR,

    you can also see my reply to Rapaport a couple of days back on banking sector stocks as a whole:

    Hi Rapaport,

    Good to see some wholistic thinking going into the banking sector stocks.

    Banking is the live wire between the 'haves' (funds) and 'have nots' and indispensable for any economy whether it is at war or not. That is the reason why even during war bank stocks were giving reasonable returns. Unaffordable interest rate escalation during the latter part of war created lot of economic woes and the obvious result was the escalation in loan defaults across the board.

    Now that that is history, banks are slowly getting back to the groove, and the non-performing loan portfolios are reducing by the day. The positive sentiment is setting in and the banks are slowly freeing their arms in extending loans.

    However, as banking stocks were the cynosure of all eyes, the stocks like #COMB, #HNB, #SAMP and #SEYB have rapidly appreciated. As you have rightly mentioned above, their PE multiples are high and can come down only with future earnings. So these stocks for me are a little overpriced and long term plays.

    But in the short to medium term, I expect #PABC and #NTB to outperform the market growth. The reasons are:

    1. Their PE multiples are pretty decent - #NTB - 9.5 & #PABC - 6

    2. These stocks have not appreciated much in the recent rallies due to the rights issues / conversion of NTB warrants into shares.
    For me, with the rights issue, PABC achives it's capital requirement as per Central Bank's prescription and achives the much needed funds for branch expansion and credit growth.
    As for NTB, every conversion of warrant brings in equity capital of Rs.30 and 2010 warrants have given an additional free capital of Rs.1.3Bn for credit expansion.

    3. As young banks, their growth rate will be much higher than COMB, SAMP & HNB. In 2009, PAT of PABC has grown by 73% and PAT of NTB has grown by 15%, irrespective of a Treasury loss (abnormal) of Rs. 500Mn. Whereas COMB grew by 1.75% in PAT.

    4. The group support of JKH for NTB and that of Dhammika Perera for PABC augurs well for the growth of these banks.

    So my bet is with these banks at the moment, which I hope will be reaffirmed by their 1Q results.

    For example if you look at 1Q results of SAMP, they have reported a PAT growth above 50% QoQ. If you have a close look, their PBT has grown by only 13% and PAT has grown by above 50%. Obviously, the extraordinary result is from tax savings, and not business growth. Their effective tax rate for 1Q 2009 was 48% and for 1Q2010 it is 27%. So some tax planning has taken place.
  • [Updated] Banking Sector in Br... reply from pissa6666, 5 May 10
  • Hi Rapaport,

    Good to see some wholistic thinking going into the banking sector stocks.

    Banking is the live wire between the 'haves' (funds) and 'have nots' and indispensable for any economy whether it is at war or not. That is the reason why even during war bank stocks were giving reasonable returns. Unaffordable interest rate escalation during the latter part of war created lot of economic woes and the obvious result was the escalation in loan defaults across the board.

    Now that that is history, banks are slowly getting back to the groove, and the non-performing loan portfolios are reducing by the day. The positive sentiment is setting in and the banks are slowly freeing their arms in extending loans.

    However, as banking stocks were the cynosure of all eyes, the stocks like #COMB, #HNB, #SAMP and #SEYB have rapidly appreciated. As you have rightly mentioned above, their PE multiples are high and can come down only with future earnings. So these stocks for me are a little overpriced and long term plays.

    But in the short to medium term, I expect #PABC and #NTB to outperform the market growth. The reasons are:

    1. Their PE multiples are pretty decent - #NTB - 9.5 & #PABC - 6

    2. These stocks have not appreciated much in the recent rallies due to the rights issues / conversion of NTB warrants into shares.
    For me, with the rights issue, PABC achives it's capital requirement as per Central Bank's prescription and achives the much needed funds for branch expansion and credit growth.
    As for NTB, every conversion of warrant brings in equity capital of Rs.30 and 2010 warrants have given an additional free capital of Rs.1.3Bn for credit expansion.

    3. As young banks, their growth rate will be much higher than COMB, SAMP & HNB. In 2009, PAT of PABC has grown by 73% and PAT of NTB has grown by 15%, irrespective of a Treasury loss (abnormal) of Rs. 500Mn. Whereas COMB grew by 1.75% in PAT.

    4. The group support of JKH for NTB and that of Dhammika Perera for PABC augurs well for the growth of these banks.

    So my bet is with these banks at the moment, which I hope will be reaffirmed by their 1Q results.

    For example if you look at 1Q results of SAMP, they have reported a PAT growth above 50% QoQ. If you have a close look, their PBT has grown by only 13% and PAT has grown by above 50%. Obviously, the extraordinary result is from tax savings, and not business growth. Their effective tax rate for 1Q 2009 was 48% and for 1Q2010 it is 27%. So some tax planning has taken place.
  • [Updated] #PABC good to buy reply from pissa6666, 27 Apr 10
  • #PABC will not give dividend. Their AGM was on 31st March. In view of capital requirement as I explained above, they have not declared dividend for 2009.

    Their net asset/share was 17.89 and EPS was 3.52 as of 31/12/09. This will get diluted a little for the 1st & 2Q 2010 due to rights issue (36Mn. shares)

    However, the following factors are positive fo them:

    1. with the receipt of free capital by way of above rights (Rs.442Mn) they will have a good branch expansion and credit expansion. This will add to the profitability.

    2. With improved economic conditions, they can improve their non-performing loans. Recovery of bad loans will directly improve profits

    3. Dhammika Perera's influence is definitely a positive under present conditions.

    4. As a growing bank among private banks, their growth rate will be higher than established banks like #COMB, #SAMP and #HNB.

    Hence, you can expect the price of this share to surpass Rs50/- around Sept.10 and after.
  • [Updated] #PABC good to buy reply from kannan, 27 Apr 10
  • #PABC still not give divident. i think they will give divident very soon. before this week break 20.00 Rupees.
  • [Updated] #PABC good to buy reply from pissa6666, 26 Apr 10
  • If you look at a 6 months to 1 year horizon, accumulating #PABC at Rs16 - 17 is an opportunity. In the short run, say 1-3months, the share may not ris emuch because of the rights issue of around 36 million shares.

    But the fundamentals are strong. The bank had to go for a rights issue in view of capital requirements. They had to increase their capital from around 1.8Bn to around 2.5Bn by June 2010 as per Central Bank requirements.

    So if you have the patience, you can expect the share price to double or more than double within 1 year period.
  • [Updated] #khl reply from MarketWatch, 18 Apr 10
  • I never said Bala and BFL are the best to invest and trade. Above two stocks are two of the best stocks available in the CSE now due to some reasons.

    Different players have different reasons to buy, hold and sell stocks. We should have investment strategy.

    Some players prefer some stocks to others time to time. At the beginning of last year, I mentioned many stocks. Rehan knows about it and even Rehan said I bought some stocks after doing homework. He is right.

    Just because I post and answer, I do not buy many stocks even though some have appreciated by more than 200% now. I like to educate some of new players and average investors as well. They should not buy stocks at the end of rally and they should learn as much as possible to compete with other sophisticated players in the market. I will never ask new players to buy over valued stocks.

    I also not giving buy and sell tips. I only write about stocks that I know very well and subject I know very well. On the other hand while writing, I do not have much time to go behind each and every stock. I am following selected stocks and when I see some strong action and patterns, I post accordingly. That was the reason for me to say: #COMB will break Rs.200/=, #JKH will break Rs.180/- barrier and lower range for Gregg will be Rs. 100 (now I have revised it). When some are chasing KHL above Rs.29/- said it will come down below Rs.19/-.

    We must tell the truth to average investors that there will more volatility for some stocks and some will have less volatility and some will go up slowly and systematically like tortoise.

    I repeatedly said in this forum:

    Do not follow the crowd
    Avoid hot stocks
    Invest and trade in hidden gems.
    Do not buy stocks just because members post stocks in internet including me in this forum ( Pl Do some home work)
    I always mentioned about not to listen to tips
    Invest and trade in undervalued stocks
    Invest in simple business we know very well.
    In bull markets stocks will go up and in bear markets stocks will go down
    Any stock can go up and down at different times due to different type of players and different reasons.

    For me value is very important. I like to compare P/E ration with companies in the same sector and group. Then we must look for debt level.We should look for positive cash flow and strong demand for their products etc.

    New players should always buy undervalued stocks with great potential. They should not go behind speculative stocks.

    Whenever I see trend is going to go weak, support is not going to generate, and value becomes extended I become very careful. I post my answers accordingly.

    Eg: When pissa6666 mentioned about #PABC I saw value and I posted some positive answers. Then when it went to around Rs.24 / with heavy volume, someone asked whether it is worth to buy. I knew it will come below Rs.20 and I answered accordingly. Now he can buy if he can see attractive value after doing careful study, quality of assets including bad loans and future developments etc.

    I prefer value stock to others. I like to buy KHL below Rs.12/-. That value is attractive to me. If I see good balance sheet next year in KHL, I will BUY AT TIME IF I SEE VALUE. I like to see some strong fundementals in stocks.

    At the moment I don’t see it will come below Rs.15/-/

    In case of growth investors they will take risk and they will try to buy above Rs.15/-

    We must not forget market risk, stocks risk as well. Margin of safety is very important. No stock, commodity and market will go straight up and down. They will have volatility, correction, sideways, strong up trend etc time to time.

    • Stocks to watch now::

    Undervalued stocks going to make attractive above average results with higher ROE.

    Thanks.
  • [Updated] PABC Right share iss... reply from bloomberg, 18 Mar 10
  • As I know #PABC right issue price 12. not 12.50. I think it has very good future. They improved their earnings by 74%. Last year (2009) was 3.52. 2008 it was 2.02. They issue 1:3. If you have 3000. Then U can get another 1000 @ 12. It is a very good price.

    Also
    2009 High - 24.75 Low - 15.75
    2008 high - 12.75 Low - 9.75

    Good for long term......
  • [Updated] PABC Right share iss... reply from MarketWatch, 18 Mar 10
  • In the recent past I didn’t follow this stock.

    Stocks such as #PABC #SEMB can stagnate for a long time. But they can go up suddenly.

    I think right issue at Rs.12.50 is attractive. Once they issue right issue, their share price can go down. Sometimes it can go up. We never know. Recently #serv went up suddenly.

    To get right issue you have to apply by paying Rs.12.50 per share.

    Are they issuing one for one? Then there won’t be much upside potential for the right issues. Because number of shares will increase.

    We should follow this stock to identify their trend, action and movements.

    Factors to consider:

    Future value and growth
    Bad loans
    Quality of assets

    Did you notice any stock can go up suddenly irrespective of fundamentals or technical?

    When crowd become very active ,stock prices can go up rapidly.
  • [Updated] Galleon out of #CLPL reply from pissa6666, 28 Nov 09
  • CSE is a market with USD 9Bn. market cap. But it gets shaken and stalled for months due to a bad status of an investor holding USD115Mn.

    Now political uncertainty has the ability to almost dry the market, except for a few large parcels changing hands - again that or RR.

    It denotes that CSE especially is very shallow and mostly illiquid. This is one of the prime reasons why foreign investors are shying away, irrespective of many attractive pluses.Out of listed cos. many counters trade only in a few hundred or thousands of shares, denoting that exit from any share is very difficult, unless buyer is pre-arranged.

    The economic trend is now irreversible. MR and SF will fight it out there and anyones election is not going to drastically alter economic direction.

    Unless the local retail,high-networth,corporate and institutional investors have confidence in this, actively trade and ensure a steady market, significant foreign investment will be hard to comeby.

    Now Galleon is out of #COMB, partially out of #HNB and now out of #CLPL.The reaction of investors on the arrest of RR was uncalled for, given the actual scenario now.

    The Pres. election also will passby this way, I am sure. Dictatorship/militarisation etc. are all nothing but wishful thinking, if SF wins.What he has agreed is only good for the coutry, if he has a tinge of integrity and stands by it.

    So let us look at the bigger picture. Pick fundamentally sound shares. Have the holding power. Do not get caught to margin trading trap. It is a killer. At weak moments it will kill you and make you to repent when market turns around. I feel the following shares are attractive at current levels:

    #JINS, #GRAN, #BALA, #PABC, #MAL, #LFIN, #BFL, #RICH, #LITE, #NTB, #LIOC, #GLAS, #SIRA. All these have the potential to give a decent shareholder value/capital gain at current levels.
  • [Updated] What about #TOKYO-X.... reply from MarketWatch, 18 Nov 09
  • Don’t think about near future.

    Watawala and KVAL traded below Rs.15/- before five years back. Then even during wartime, these stocks went above Rs.50/-. There were political problems, bomb blasts, elections etc. Still stocks went up. We had bull trend time to time. Even foreigners invested in stocks such as #PABC, #COMB, # NDB

    Venuje try to build up your own investment strategy. Do not follow the crowd. Do not believe everything in the media. Try to find hidden gems before hedge funds and other market players recognize them.

    It is better to take medium and long-term decisions. It is no point buying today and passing into somebody else. There are attractive undervalued stocks trading below Rs.22/- and we can get not only capital gain but also dividend in the short run, medium run and long run.

    It all depends on market players. Current global scenario is completely differed from the past. Due to lower interest rate, stimulus packages including IMF stimulus packages money will go into assets including stocks

    For example despite political problems, even Pakistan stock market is rising just like other stock markets. They have plenty of political problems, bomb blasts almost everyday. Still stock market is doing well. Even foreigners are investing.

    Generally, they like to invest in Asia now.

    In short, market can go and up in the short run. There will biggest one-day rallies in the future. Market never goes straight up. It can change at anytime if market players become active.

    Best investment strategy: Invest in massively undervalued stocks with promising future.
  • [Updated] #PABC....? reply from innam, 13 Nov 09
  • i was bullish on #PABC at the 16 levels and even at the 21 levels before 3Q earnings...however after 3Q earnings i think you need to be a bit careful, EPS wasn't as spectacular as i expected....their NPL ratio went up and there's going to pressure on their margins if interest rates on loans are brought down to 15% loans.....also longer term they have issues with the CBSL capital limits (they may have to go for a rights issue in 2010)...i haven't sold out my stake in PABC but i'm certainly not adding to it, I'm going to wait and see (might be a dividend, after year end earnings)....if you are looking to buy in to PABC be careful, i think there are better shares right now to trade in over next 3 months
  • [Updated] #PABC reply from MarketWatch, 6 Nov 09
  • I think banks will benefit in the long run once business improve in the future. In addition, banking and financial sector is undervalued.

    #NTB

    However if you buy warrant you must be very careful. If you have clear idea about market situation in the future and if you know NTB, stock price is going to go up then it is worth of buying warrants for a reasonable price. I think it is better to avoid warrants.

    Latest #PABC results:

    Basic earning per share Nine months ending 31/09/2009e: 3.33 increased by 132%
    Earrings per share Quarter ending 31/09/2009: 0.62 increase of 49%

    Therefore, we cannot expect one year earning per share of around 6. Less than expected.

    We can expect earning per share for one year: between 3.90 to 5.20. It all depends on how bank is going to perform during next three months.

    However still it is undervalued. Their return on equity is one of the best in the financial sector.

    Negative factors to watch:

    Provision for bad loans and doubtful loans

    In the long run all banks will benefit due to increased activities in the future. However, we should monitor their bad loans in the future.

    I think many companies will benefit most due to lower interest rate in the future. Some neglected companies will have biggest growth during next 12 months. This is time to identify most promising companies and companies going to benefit most from tourism rebound, lower interest rate and rapid growth.

    Factors to watch when you pick banking stocks:

    Management
    Future growth and demand for credit
    Expected economic activities in east and north
    Bad loan provisions
  • [Updated] #PABC 9 months repor... reply from MarketWatch, 6 Nov 09
  • I think banks will benefit in the long run once business improve in the future. In addition, banking and financial sector is undervalued.

    #NTB

    However if you buy warrant you must be very careful. If you have clear idea about market situation in the future and if you know NTB, stock price is going to go up then it is worth of buying warrants for a reasonable price. I think it is better to avoid warrants.

    Latest #PABC results:

    Basic earning per share Nine months ending 31/09/2009e: 3.33 increased by 132%
    Earrings per share Quarter ending 31/09/2009: 0.62 increase of 49%

    Therefore, we cannot expect one year earning per share of around 6. Less than expected.

    We can expect earning per share for one year: between 3.90 to 5.20. It all depends on how bank is going to perform during next three months.

    However still it is undervalued. Their return on equity is one of the best in the financial sector.

    Negative factors to watch:

    Provision for bad loans and doubtful loans

    In the long run all banks will benefit due to increased activities in the future. However, we should monitor their bad loans in the future.

    I think many companies will benefit most due to lower interest rate in the future. Some neglected companies will have biggest growth during next 12 months. This is time to identify most promising companies and companies going to benefit most from tourism rebound, lower interest rate and rapid growth.

    Factors to watch when you pick banking stocks:

    Management
    Future growth and demand for credit
    Expected economic activities in east and north
    Bad loan provisions
  • [Updated] #PABC reply from rehan, 6 Nov 09
  • I've updated FDB with the new financials, you can #PABC there too!
  • [Updated] #NTB reply from MarketWatch, 6 Nov 09
  • I think banks will benefit in the long run once business improve in the future. In addition, banking and financial sector is undervalued.

    #NTB

    However if you buy warrant you must be very careful. If you have clear idea about market situation in the future and if you know NTB, stock price is going to go up then it is worth of buying warrants for a reasonable price. I think it is better to avoid warrants.

    Latest #PABC results:

    Basic earning per share Nine months ending 31/09/2009e: 3.33 increased by 132%
    Earrings per share Quarter ending 31/09/2009: 0.62 increase of 49%

    Therefore, we cannot expect one year earning per share of around 6. Less than expected.

    We can expect earning per share for one year: between 3.90 to 5.20. It all depends on how bank is going to perform during next three months.

    However still it is undervalued. Their return on equity is one of the best in the financial sector.

    Negative factors to watch:

    Provision for bad loans and doubtful loans

    In the long run all banks will benefit due to increased activities in the future. However, we should monitor their bad loans in the future.

    I think many companies will benefit most due to lower interest rate in the future. Some neglected companies will have biggest growth during next 12 months. This is time to identify most promising companies and companies going to benefit most from tourism rebound, lower interest rate and rapid growth.

    Factors to watch when you pick banking stocks:

    Management
    Future growth and demand for credit
    Expected economic activities in east and north
    Bad loan provisions
  • [Updated] Does anyone see a tu... reply from MarketWatch, 4 Nov 09
  • I agree with Innam. The best time to buy is when everyone else is selling.

    More about markets

    Avoid over priced stocks appreciated more than 300% during last six months
    Buy aggressively massively undervalued stocks appreciated less than 50% during last six months
    Hold quality undervalued stocks with greatest potential not only next 12 months but also next five years
    Sell bubble stocks with extended P/E ratio
    Buy sectors going to benefit in the short run medium run and long run.

    I think some extremely overpriced stocks should come down to attract buyers.

    Investors now will have opportunity buy attractive stocks such as #HAYC, #DFCC, #COMB #DOCK and #HNB

    In addition, keep on eye on #BFL, #GRAN, #PABC and #LFIN

    In short, invest in undervalued stocks with great potential. I think we must think about buying #HAYC as well.

    Short term and medium term profit outlook for above companies are very good. Even some of the above companies have long-term potential as well.
  • [Updated] [Updated] Whats happ... reply from MarketWatch, 30 Oct 09
  • As Rehan said, it is better to put your money on solid stocks.

    If you are new, please learn not only about stocks but also about market players.

    There are different types of market players such as speculators, long-term investors and day traders etc. Then some are talking about market manipulation.

    Always invest in undervalued stocks

    Invest in hidden gems
    Invest in neglected sectors
    Invest in quality stocks
    Invest in simple business that you know very well.

    Remember future earnings are more important than past earnings. Do not rely on stock tips. Do not follow the crowd.

    Banking sector looks very attractive. Their P/E Ratio10, Market P/E 14. P/E Ratio of #PABC and #LFIN less than 5

    Now I will give you some stocks to watch during next 24 months.

    #BFL, #GRAN,# LFIN #PABC, #HAYC, #SEYB, # HNB #COMB # SAMP, #NTB, #
    Read their quarterly financial results. If their profits is going up you must find out why it is going up. Sometimes profits will come down in one or two quarter in some companies.

    But do not worry much about it. As long, as if you can see their future fundamentals are strong. If you see their future fundamental are going to become weak then sell.

    If you want to win in this game, you must buy, hold and sell
    Everybody will tell you to buy. They will never tell you to sell even if stocks become overpriced. Finally, average investors should think about margin of safety. .

    Currently there are overpriced stocks. We should sell them. Then there are quality stocks including hidden gems we should keep them for the next six years. Then there are massively undervalued stocks including neglected stocks. We should buy aggressively now.
  • [Updated] Buy Stocks with Raj ... reply from MarketWatch, 26 Oct 09
  • We can find out when we get annul reports and quarterly reports. That is the only source that we can read legally on the CSE website.
    This is part of answer given by me for the questions Raj Rajaraatnam
    I think they have holding in following companies now:

    Gallen International Master ND SC SPC Ltd has

    Nearly 29% of Ceylon Leather Products (#CLPL)
    Around 12% in People Merchant Bank (#PMB)

    R Rajararnam has nearly 8% of #JKH now according to financial records ending 30/06/2009.

    He had 9.2 % year ending 31/03/2009. That means he has sold some #JKH. I suspect must have sold some more OF #JKH.

    Always buy undervalued stocks. Don’t buy stock just because hedge fund and foreigners buy stocks. If we can see value and if the market is in major uptrend we should think about buying some of the best blue chips and other quality small and mid-cap stocks. We can buy hidden gems almost in any type of market conditions. Even hedge funds cannot recognize these stocks in advance.

    Banking and financial sector is undervalued now.. P/E ratio is around 10. Market P/E is around 14. Some stocks such as #PABC and LB Finance their P/E ratios are less than 5.

    Some of the Raj’s holding such as COM, #HNB and #DFCC are very attractive. Touchwood has long-term value. I think sooner than later some foreign funds will invest in some banking stocks and agri-business sector. However, we have to do thorough study on any stock before we put our money.

    Every hedge fund has its own investment strategy. Hedge funds, invest in a variety of investments including shares, debt and commodities. hedge funds often seek to hedge some of the risks inherent in their investments using a variety of methods, most notably short selling and derivatives

    Time to come some hedge funds will disappear from markets due to competition and poor performance. Not all hedge fund are making money. Sometimes they can go wrong. They hit badly end of last year due to redemption. Hedge funds with geared wrong-way bets in hot areas also suffered severely. Sometimes they will sell stocks by taking losses when they want to move from market to market to take better results.

    When hedge funds became panic last year, some top managers used this opportunity to pick up stocks they like on the cheap. Those who invested in badly beaten down quality stocks are benefitting most now.

    Currently hedge funds have advantage in selling their stocks and assets due to bullish trend in global markets. Those who invested during last year will have highest capital gain

    In short, invest in massively undervalued stocks irrespective of foreigners buying or selling stocks. Pl don’t over pay for stocks just because hedge funds, top investors buying stocks. Invest in hidden gems before markets, hedge funds recognize them. Sell once become overpriced and when you see future fundamental become weak. Invest in turnaround companies. There will be few turnaround companies in CSE during next six months.

    Do not follow the crowd including hedge funds. If we can see, value and future prospects we should buy stocks irrespective of hedge funds are buying or selling. Take #JKH has an example. Investors including some foreigners ( Even Raj, percentage in #JKH has come down from 9% to 8% in #JKH) sold #JKH when it appreciated rapidly form Rs.50 level to RS.150/-.. Therefore, they have sold #JKH too early.

    Value investors took advantage and bought #JKH aggressively. Now it is trading around RS.140/- . Those who bought bellow Rs.100 still has 40% upside during short period. #JKH could break Rs.200 when some positive factors materialize during next 12 months.

    As I said earlier in my answers, there are better prospects in hidden gems and in some banking and financial counters than #JKH now.
  • [Updated] HELLOW FRIENDS reply from MarketWatch, 24 Oct 09
  • I am not very good in analyzing this sector. Anyway, I can tell something about #ACL. They will have long-term growth depend on some external factors. I like to follow this particular stock in the future. I think they will have a growth.

    I just went through quick look on their balance sheet.
    Net asset per share: Rs.63

    They have more current asset than current liabilities. Their cash balance is not that bad. I think lower interest rate will benefit them to pay less interest for their short term and long-term loans. They have less loan term borrowing.

    With increased economic activities including tourism projects, construction and road developments, they will have demand for their products in the future.

    Following are some of the undervalued stocks.

    LB Finance- Massively undervalued
    #CFIN
    #BFL
    #GRAN
    #PABC

    Some banking stocks. Banking sector P/E around 10. Current market P/E around 14

    LB Finance has the best return on equity ratio in the financial sector. #PABC also has attractive return on equity ratio than other banks.
    Even #SAMP, #COMB, #DOCK and #HNB still their P/E ratio is less than 10. I think they will have at least another 50% rise in their stocks depend on some external factors during next 12 months. #JKH, #DFCC, #NDB, #SPEN, #DIST, LINV, GURD, #NESTLE, #DIAL ALL HAVE UPSIDE POTENTIAL.

    Finally, Pl don’t buy stock just because others tell you to buy including me. . Pl do some homework. If you can see profit growth and future fundamentals are good then you should buy. If you see fundamentals are weak then you should sell.

    I hope we can do some study in the future, which stocks to sell time to time if they become overvalued, and fundamentals become weak. Everybody will tell you to buy. However, nobody will tell you to sell. Now I think Watawala, Kelany Valley and Alpitiaya overvalued and we should sell now. Once they become attractive, fundamentals become strong, we should think about buying them

    Do not depend on other people’s advice. There are different types of players in the market.

    Invest in simple business and business that you know very well. If you know very well about #ACL and sector then it is better to concentrate on your sector. Concentrare more on hiddedn gems. I found several hidden gems from this forum posted by some members here. They are going to make profit not only next during next two quarters but also in the next five years.

    It is vey difficult to forecast three month horizon for #ACL. Because I was not following this stock much. I know some banks and companies in Agri-Business sector will announce impressive results due to favorable factors.
    You can also do some home work on stocks mentioned by Rehan,, Bandara, Pissa6666 and Innam and other members.. Some of their posting are great.

    Best of luck for your stock hunting.
  • [Updated] Good Low-Cost Invest... reply from innam, 21 Oct 09
  • good low cost investments are #VPEL (4.50) and #LITE (5.50).....just type #VPEL and #LITE in the search bar at the top of the page and you can read some of the posts about the two stocks. #PABC is very good right now at 21 levels but might not be low cost investmenty compared to #VPEL/#LITE. Today #VPEL has done acquisition as well-

    21-Oct-2009 ACQUISITION OF COUNTRY ENERGY (PVT) LTD BY V#ALLIBEL POWER ERATHNA PLC

    The Company has made the Following announcement to the CSE, "that it has acquired the entirety of the shares of Country Energy (Pvt) Ltd ie. 16,000,000 shares, for a consideration of Rs.200 million today(20.10.2009).

    Country Energy (Pvt) Ltd is currently possessed of all statutory approvals pertaining to, two Hydro Power Projects namely the Denawaka Ganga Hydro Power Project with an approved capacity of 4.9 MW and the Kiriwaneliya Hydro Power Project with an approved capacity of 3.8 MW, located in the Ratnapura and Nuwara Eliya Districts respectively. At the time of acquisition of Country Energy (Pvt) Ltd, it has executed Standardized Power Purchase Agreements with the Ceylon Electricity Board for both projects. Additionally, Country Energy (Pvt) Ltd has already incurred preliminary expenses for site clearing and internal road construction etc. at the project sites. Based on hydrology, the Denawaka Ganga Project has the potential for 7.2 MW and the Kiriwaneliya Project has the potential for 4.95 MW. Country Energy (Pvt) Ltd is now in the process of obtaining statutory approvals for the higher capacity".
  • [Updated] BULL IN THE CHINA SH... reply from innam, 21 Oct 09
  • you are right bandara, although it was more like a grenade going off in a china shop rather than a bull. very sad to see how some retailers got burned today (21th), in the morning market was down -4% but by 12 the milanka was up 1% so someone made money but people who paniced lost.
    anyway next thing to look out for is 3Q earnings, look for early releases and good reuslts from #LAMB, #NTB, #PABC and #HDFC (these 4 should release results by the end of the month/1st week of November).
  • [Updated] Nations Trust...? reply from innam, 19 Oct 09
  • Rajaratnam situation is a fantastic opportunity to buy before 3Q earnings. #NTB and #PABC will have very good 3Q earnings. 36 levels look good since clearly the market has over reacted, looking at the order book right now there doesn't seem to be much selling pressure (compared to #PABC) so i think it looks a good buy before 3Q earnings but maybe you should wait till tomorrow morning to see if the market rebounds.....GSP+ decision is supposed to come today? so that maybe another negative.
  • [Updated] #CINV vs. #PABC reply from MarketWatch, 14 Oct 09
  • We have to compare P/E, rates of returns on equity plus earning per share of #PABC, #LFIN with other stocks including financial stocks.

    If they analyse thoroughly they will sell other overstretched stocks and will buy #PABC and #LFIN aggressively.

    However as I said earlier we will see biggest growth in financial sector and agribusiness sector in the future. Future sustainable earnings are more important than past earnings and up and down.

    All times records

    #LFIN: Rs.100/-
    #PABC: Rs.40/-
    #BFL: Rs.31/-
    I think all of the above all time records will break sooner than later.

    #BFL will have one of the biggest growths in their business life in the future due to some positive factors.

    #GRAN also will have some growth and there is a possibility that their sister company three-acre farms #TAFL also will make profit during next six months.

    Some few financial stocks such as #TFC, #SEMB, and #CRL also will go up sooner than later. However, we have to analyse their long-term potential in these stocks.
  • [Updated] #CINV vs. #PABC reply from rehan, 13 Oct 09
  • thanks MarketWatch. That's true, with #CINV the buy-back is yet to take place so I don't know whether it will shoot up after that or would it be better to buy more of #PABC as it too is doing well. Thanks for looking into the financials.

    Haven't looked into #LFIN, what's ur verdict?
  • [Updated] #CINV vs. #PABC reply from rehan, 13 Oct 09
  • thanks innam, yeah #CINV is at break even. will get into #PABC given the strong buying :)
  • [Updated] #CINV vs. #PABC reply from innam, 13 Oct 09
  • You should have gotten out of #CINV when you made that earlier post. Right now even though #PABC looks over heated their 3Q earnings will be out by the end of the month/1st week of november so #PABC has a catalyst to move further while #CINV doesn't have anything to push it up.
    While I was writing this #PABC moved up from 23.50 to 24.25 so it may be too late to switch but #PABC will have good earnings so tough call for you to make.....
  • [Updated] Keep an eye on #LAMB reply from innam, 12 Oct 09
  • pissa you are right about matching long term deposits with lending but the banks do gain from the reduction in rates for savings accounts as well as through treasury operations. The value of the treasury bill/bond holdings increase when rates come down. That is why certain banks will make big profits over the next two quarters. The market has realized that and that's why #PABC and #NTB are up over the last few days.
  • [Updated] LB finance growth we... reply from MarketWatch, 6 Oct 09
  • Pl refer to question asked by pissa6666 on Rich has good potential. #LFIN is pissa6666,s one of the best picks. Thank pissa6666 for identifying this stock.

    Their all time high is Rs.100/-

    Only thing that I can tell you is #LFIN is massively undervalued and their earning per share and return on equity ratios are best among few banks and financial companies.

    Even banks return on equities are not as attractive as return on equity of #LFIN.

    Return on equity of #PABC also very attractive.
  • [Updated] AMANA GOING FOR N... reply from MarketWatch, 2 Oct 09
  • Pl refer to answer given to Innam on #PABC.

    I said there would be price movements in the following stocks including #ATL.

    I give below the list again.

    Bahiraha Farms (#BFL)
    #MBSL
    #GRAN
    #SERV
    #LITE
    KHE
    #LHCL
    Central Finance (#CFIN)
    #ATL
    #ECL
    #PABC
    #NEST
    #SPEN
    #CRL
    #KHL
    #LAMB
    #TESS
    #TKYOx
    #VLL
    #DIAL

    Some more stocks to watch now:

    LB Finance
    #RICH
    #VPEL

    Among above companies Bairaha Farms, Nestle, LB Finance, Central Finance, #PABC will make good profits not only in the current quarter but also in next six quarters and beyond.

    Few hidden companies will have biggest growth in their business life during next two years.
  • [Updated] AMANA GOING FOR N... reply from MarketWatch, 2 Oct 09
  • Pl refer to answer given to Innam on #PABC.

    I said in there would be price movements in the following stocks including #ATL.

    I give below the list again.

    Bahiraha Farms (#BFL)
    #MBSL
    #GRAN
    #SERV
    #LITE
    KHE
    #LHCL
    Central Finance (#CFIN)
    #ATL
    #ECL
    #PABC
    #NEST
    #SPEN
    #CRL
    #KHL
    #LAMB
    #TESS
    #TKYOx
    #VLL
    #DIAL

    Some more stocks to watch now:

    LB Finance
    #RICH

    Among above companies Bairaha Farms, Nestle, LB Finance, Central Finance, #PABC will make good profits not only current quarter bur also next 18 months.
  • [Updated] #RICH has good poten... reply from MarketWatch, 1 Oct 09
  • I think if #RICH can improve their cash flow their share price could go up further. If they can make good profit from disposing some of their operations and if they concentrate on their core businesses then we can see rapid growth in the group.

    In the long run, they will benefit from rubber-based products and from increased economic activities.

    I think some of your stock picks in the Agribusiness sector and stocks in the financial sector such as LB Finance and #PABC are very attractive.

    In addition, we must keep our eye on #CFIN as well. Both #CFIN and LB Finance are massively undervalued. They have best return on equity in the financial sector in addition to attractive earning per share. #PABC also has one of the best returns on equity ratios.

    Even if shares prices of LB Finance and #CFIN increase by more than 100%, their P/E ration will be less than 10. Current market P/E ration is around 13.
  • [Updated] What about #SERV, #K... reply from innam, 23 Sep 09
  • Banking is the best sector right now since its 3Q earnings are going to clearly benefit from the drop in interest rates. Most of the banks have moved up but #PABC is still a good buy, #PABC had a 6 month EPS of 2.70 and even with a moderate 3Q their earnings for 9 months should be around 4. That means the share should easily trade above 20 after 3Q earnings come out. Recently #PABC moved up from 15 to 17 but there is still further upside potential.
    Trading is another sector that will benefit over the next 6 months....#LITE is a very good buy,
  • [Updated] #CINV 20% share buy-... reply from MarketWatch, 12 Sep 09
  • Thank Pisssa6666. Did you identify undervalued stocks with fundamentally sound stocks?

    I can remember you mentioned about #PABC is attractive buy. Definitely, I agree with you.

    On return on equity basis and P/E basis, #LLUB and #PABC are attractive. #PABC has one of the best return on equity ratio in the banking sector according to last two quarterly results.

    On Net Asset value basis and P/E basis, #BFL and #GRAN are attractive.

    #BFL net asset value per share: around Rs.29/-
    #GRAN net asset value per share: around Rs.23/-

    #BFL has better return on equity than #GRAN and less debt in their books. Their earning per share, return on equity will improve during next 12 months.

    I mentioned #MBSL as hidden gem when it is trading below Rs.15/-

    I think sooner than later we will see price movements in #PABC, #GRAN, and #BFL surprise to many. I think investors should accumulate stocks such as #PABC, #BFL, and #GRAN now. #LITE will go up rapidly once they improve their balance sheet and when demand for their products increase. In addition each of above stocks have special single factor to appreciate their stocks in the future. If you do some study and research, you will realize.

    Problem is when stocks such as #EDEN, #STAF, #SERV, #COCO and #MBSL trading around Rs.16 /- level most of them are selling (except intelligent investors) due to selling pressure. When it passed Rs.20/- every body is trying to buy and some of them are trading around Rs.30/- level now and some stocks have become overpriced now.

    Then we have to look for other factors well. Some intelligent top investors including institutional investors strategically will buy stocks more than 5% of outstanding stocks in some companies. They will take opportunity to buy in high selling pressure and opportunity to sell when other investors are trying to compete each other to buy stocks. Therefore, we should follow these experienced top investors as well.

    In addition there are less known few institutional investors they buy more than 5% of outstanding stocks in less popular companies, neglected companies time to time. When there is turnaround in company and economy, they make above average return than others.

    Therefore, there are plenty of opportunities in the market even if you miss this rally in some stocks. Some stocks will rise during next 6 weeks rapidly than others. Some stock will appreciate gradually and in the medium and long term, they will have biggest growth.

    Sometime Mr Market takes times to recognize some valuable stocks. I think by investing in undervalued small and medium term stocks we can expect better return than other stocks. Some small companies will become big companies during next five years due to new market, opportunity and increased demand for their products.
  • [Updated] Time to turn on the ... reply from ronstyn, 11 Sep 09
  • There has been some uncertainty about #PABC management following resignation of the CEO.However if they come out with a decent 3Q result it will surely takeoff.
    There are already signs of it.
  • [Updated] Time to turn on the ... reply from innam, 11 Sep 09
  • marketwatch- i hope you have invested in the two stocks that you mentioned, #PABC and #CFIN. #PABC has been stuck at 15 levels due to selling pressure, what will move the stock will probably be 3Q earnings. #HDFC had a turnaround quarter in 2Q and the market rewarded it by doubling the share....#PABC's 6 month EPS was 2.7 even with a moderate 3Q they can end up with a 9 month EPS of 4.....that means the share should at least be trading at the 20 levels. So accumulate #PABC till 3Q earnings.
    #CFIN has started to move on high volumes (the share only trades about a 1000 a day but suddenly volumes have hit 40,000), so it looks like moving past 300.....in the current mood the share can easily reach 350. Every year for the last 3 years they've been delivering EPS of above 50.....also #NTB and #TSML are associate companies and they have a real estate investment (Hedges Court) that should do well with the economy picking up....thanks for mentioning #CFIN marketwatch i hadn't looked at it untill your post.
  • [Updated] Time to turn on the ... reply from MarketWatch, 10 Sep 09
  • Yes, few shares have been overlooked by investors. I have to agree with comments made by some of the members in this forum such pissa6666, Innam, amanathilake on Pan Asia Bank. According to their last two quarters, they have the best return on equity ratio among banks.

    Stock should trade at least around Rs.40/- on return on equity basis. As Innam said, Banks has made impressive results.

    Even on P/E comparison, #CFIN and #PABC has lowest P/E ratio in the financial sector.

    I think this is the time to invest in #PABC as a trader, long-term investor or short term medium term investor.

    I have noticed Innam used to write wait until the selling pressure go down. Innam some of your stocks had so much selling pressure and now all have gone up by more than 200%.

    Do you think we should take notice of this selling pressure?
  • [Updated] Time to invest in ag... reply from innam, 29 Aug 09
  • #PABC looks very good at the 14 levels. There is still some selling pressure, but this can get mopped up over the next month. #PABC had very good earnings in 2Q but the market didn't reward the stock....they are going to have good earnings in 3Q as well so the strategy should be to build up position in #PABC before 3Q earnings come out.
    #NTB is hurt by the forex loss in 2Q but that will not be an issue in future but longer term the share will get diluted when the warrants convert in March 2010. If you are really confident about #NTB's prospects the warrants can give a better return than the shares (of course if the share does badly then you can lose more as well).
  • [Updated] Time to invest in ag... reply from pissa6666, 28 Aug 09
  • Yes. While infrastructural development, IDP settlement, overall development of north and east takes place, these two sectors will be the highest beneficieries. In banking, I feel the current price levels of #PABC and #NTB are very attractive.
  • [Updated] #PABC reply from innam, 4 Aug 09
  • If you can buy and hold then you should get in right now.
    But if you are a trader wait for the selling pressure to ease. There seems to be about 800,000 shares of selling pressure that needs to get mopped up before the share can break out plus the overall market is weak. Buy signal for a trader would be a share volume of over 1 million and a price break out above 16.
    Other thing to note is that the #PABC results were the best of the 2Q earnings released so far, the market will reward the share (market's rewarding #CTC for good 2Q results) but you may have to be prepared to buy and hold for awhile....
  • [Updated] #PABC reply from rehan, 4 Aug 09
  • #PABC looks to have been performing very well over the last few quarters averaging up over 20% in revenue and profit. The latest quarter as innam mentioned was very much fueled by "Other Income" but overall it looks sound.

    Login to FDB http://www.stockit.biz/fdb and search for "#PABC" to get the latest financials. Though the latest quarter has not yet been added.

    But is the market ready to allow this stock to breakout? Or is it better to wait a few more days? Thanks.