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 LKR 5.80, BILs with a confirmed C&H Break Out.
Potential Pattern Targets
* Ascending triangle (handle of C7H pattern) LKR 6.60
* Cup & handle pattern target LKR 7.60
* 2 yearlong Descending Wedge breakout target LKR 10.50