United States Virginia change
Sri Lanka Breaking News
Sri Lanka parliament
vivalankaSri Lanka newsSri Lanka businessSri Lanka sportsSri Lanka technologySri Lanka travelSri Lanka videosSri Lanka eventssinhala newstamil newsSri Lanka business directory
vivalanka advertising
Menu
Stay Connected
facebooktwittermobile
Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

TKS Securities maintains ‘Buy’ on HNB shares

Aug 28, 2011 2:30:35 PM - www.ft.lk

TKS Securities is recommending HNB shares as ‘buy’ on the grounds that it is fairly valued based on FY2011 earnings forecast. The assessment is contained in an interim results update on HNB by TKS Securities Research. Here are excerpts:
Net earnings up 6% YoY to Rs. 1,292.5 m. Improving core business activities (NII up 2.5% YoY), 8.3% YoY growth in non interest income, 22.2% YoY reduction in taxation, solid loan growth and increased contributions from other subsidiary companies facilitated the net profit growth in 2Q2011.

Business: (Latest Stories)