Srilanka stock market Asi technical analysis explained
Breaking 46 will make a C&H Break Out. Dividend Pending * Amount > LKR 5 (JINS can distribute tax free dividend received from CFVF.N0000) Profit Expectations * Earnings should be good. * Majority of BOND portfolio is classified under 'Financial Assets at Fair Value Through Profit or Loss'. Hence capital gains due to rate cuts will...
Resistance Zone - 13300 to 13600 Support Zone - 11000 to 11275 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on...
Fundamentals * Expected 12M EPS - LKR 1.20 * PE - 5.91 (@ LTP LKR 7.10) * NAV - LKR 8.36 * Expecting NAV YE March 2024 - LKR 8.76 * PBV - 0.81 * Free Cash/Share (Including Fixed Deposits) - > LKR 3.00 Fundamental Investment Thesis Summary * Sri Lanka had extremely high interest rates above 25% during 2022 & 2023 * Now fixed income rates had dropped below...
Fundamentals * 9M EPS LKR 1.53 * PE - 4 (@ LTP LKR 6.20) * NAV - LKR 9.65 * PBV - 0.64 * Largest shareholder of HNB Fundamental business outlook ** If ISB re-structuring achieved with no haircuts prompting HNB to reverse 100% provisions, a positive impact of LKR 1.23/share of BIL will occur. Technical Analysis (Chart Patterns) * With the breaking of...
Fundamentals NAV : 51.03 PBV : 0.68 DEC Q EPS : 1.33 = FWD 1Y EPS : 5.32 FWD PER : 6.5 CASH BALANCE : 1.2 B FREE CASH / SHARE : > LKR 8 Lowest valuation for any Hotel Share on CSE ( Colombo Stock Exchange
All technical indicators indicate that BIL will once again reach double digits this year. BIL reached an all-time high of LKR 19.2 in the December 2021 bull run, only to later retrace by 80% to LKR 3.9 in April 2022. BIL appears to have consolidated between LKR 8.2 (0.618 Fib Retracement) and LKR 5.2 (0.786 Fib Retracement) in the subsequent 24 months. EMA -...
2H chart indicate RSI near oversold. Daily chart show the share price has dropped towards 20EMA band. A bounce towards 55EMA would be closer to 43 with quarterly results are expected in middle of May. A bag of Cement price increase by Rs 100 will be help improve the margins. It is also expected the company to commence operations in the upgraded grinding mill in...
Fundamentals * LOFC Earnings & Net Assets were dropped due to the acquisition of Commercial Leasing and LOLC Development Finance under non-bank financial sector reforms in Sri Lanka. (Due to an accounting treatment - Merger Reserve of negative LKR 262.9 billion, not an operational loss) * With the economic recovery of Sri Lanka LOFC had reported 2 consecutive Qs...
Next Resistance level - 75 Support level 64 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented...
Next Resistance Level - 125 Next Support Level - 107 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content...
Next Resistance Level - 12.5 Support Level - 11 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content...
Next Resistance Level - 20 Support Level 33 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented...
Colombo Stock Exchange (CSE) All Share Index (ASI) Movement after weekly MACD crossing Based on last 5 cycles Avg. Upside since weekly MACD crossing = 41.12% Avg. duration of upward move since weekly MACD crossing = 109.6 Days
Title: Commercial Bank of Ceylon PLC: Potential Upside Ahead Greetings, Traders! 🌟 Hello everyone, The Commercial Bank of Ceylon PLC, a prominent player in the Sri Lankan banking sector, shows promising signs of further upside potential. $CSE:COMB Key Observations: - As a leading commercial bank in Sri Lanka, Commercial Bank of Ceylon PLC has a...
Title: CSE All Share Price Index (ASPI): Continuation of Good Momentum Greetings, Traders! 🌟 Hello everyone, The CSE All Share Price Index (ASPI) continues to exhibit strong momentum, indicating favorable trading conditions in the market. $CSE_ASPI Key Observations: - The ASPI demonstrates sustained momentum, reflecting positive market sentiment...