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L B Finance PLC: 2 directors
Two Directors at L B Finance PLC bought 1,700,000 shares at 53.500LKR. The significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
- Gowtham Gunasekaran
JKSB: Quarterly Highlights: LB Finance PLC (LFIN): 4QFY19
LFIN reported a 28% YoY growth in earnings for 4QFY19 from increased contributions from NII (+12% YoY) and net fee & commission income (+20% YoY), coupled with a sharp decline in impairment charges (-80% YoY) amid larger tax expenses. Full year earnings grew by 20% YoY mainly due to healthy growth in topline despite higher taxes and impairment charges. NII grew by 22% YoY during FY19 supported strongly by the expansion of the gold loan segment while fee & commission income grew by 19% YoY during...
- Abdul Ariff
JKSB Quarterly Highlights_LB Finance PLC (LFIN)_1QFY19
LFIN reported 23.2% YoY earnings growth for 1QFY19 which was complemented by robust growth in net interest income (+32.7% YoY) and fee and commission income (+28.9% YoY) coupled with an improvement in cost to income ratio (-4.2ppts YoY). Sharp growth in impairment charges of Rs.279.6mn (+307.4% YoY) was experienced during the quarter, on the back of the 1) the adoption of a more conservative NPL classification policy on certain asset classes; and 2) increase in gross NPL levels seen in property ...
- Lourdeena Kudaliyanage
JKSB Full Year Highlights_LB Finance PLC (LFIN)_FY17
LFIN reported full year earnings of Rs. 3.9bn for FY17, +5% YoY, in-line with our projection of Rs. 4.0bn. Bottom line growth for the year was supported by three strong quarters over 1QFY17-3QFY17, which offset an expected weak 4Q in which NPAT dropped 15% YoY. Full year net interest income rose 13% YoY for FY17, on the back of robust loan book growth (+25% YoY) amid an anticipated contraction in NIM of ~100bps YoY arising from higher funding costs. An increased cost to income ratio (+3ppt YoY t...
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...
- Lourdeena Kudaliyanage
JKSB Quarterly Highlights : LB Finance PLC (LFIN) : 2QFY17
Note Summary:LFIN reported a 20% YoY increase in earnings for 2QFY17, driven mainly by 1) a 17% increase in net interest income on the back of moderate loan book growth (+10.5% in 1HFY17); and 2) a reversal of impairment provisions on its leasing portfolio, supported by a further improvement in NPLs and a sharp increase in second hand vehicle prices (which resulted in a lower-than-expected LGD ratio). While LFIN has seen a near 60% decline in leasing volumes of unregistered three wheelers (vs. F...
- Lourdeena Kudaliyanage
JKSB Full Year Highlights_LB Finance PLC (LFIN)_FY16
​LFIN reported a 70% YoY increase in full year earnings for FY16, exceeding our forecast of Rs. 3.1bn on the back of a stronger than expected fourth quarter performance, in which profit grew by 93% YoY, helped partly by write backs of over provisioning for impairment (following refinements to system driven impairment calculations) and a 15% YoY decline in tax expenses. Full year bottom line growth for FY16 was driven largely by 1) a moderate increase in net interest income (+12% YoY), stemming...
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