reports
- Gowtham Gunasekaran
JKSB: Quarterly Highlights_People's Leasing & Finance PLC (PLC)_3QFY19
PLC reported a moderate 13.1% YoY increase in earnings for 3QFY19 which was complimented by robust growth in net interest income (+30.4% YoY) and net fee and commission income (+37.6% YoY) coupled with an improvement in the cost to income ratio (-1.15 ppts YoY to 48.3% in 3QFY19). Impairment charges (Rs.498mn in 3QFY19, a 9.7% YoY increase from 3QFY18) rose during the quarter, reflecting increasing industry wide NPLs due to difficulty in recoveries resulting from the subdued economic climate. W...
- Lourdeena Kudaliyanage
JKSB Quarterly Highlights_People's Leasing & Finance PLC (PLC)_3QFY17
Note Summary:PLC reported a 17% YoY decline in earnings for 3QFY17, arising mainly from a higher cost to income ratio (+4ppt YoY to 54%) amid an increase in operating expenses (+18% YoY) and a shrinking of NIMs (currently at ~8% vs. ~9% last year). Admin costs related to branch expansion (eleven new branches opened in 9MFY17) have mainly driven the increase in operating expenses, while the contraction in NIMs stems from an expected sector wide increase in funding costs amid an asset-liability ma...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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