hSenid Business Solutions PLC / HBS.N0000 / CSEStrategy
1. Portfolio alignment to the sectors that will benefit from the rapid economic recovery of Sri Lanka.
2. Benefit from the expected price recovery/breaking out from the 1-year consolidation range (bottoming out) after post IPO selloff.
Most of the selling came from the account: Mr. O.E.H. Kalvo which had 19,800,000 shares as at 31st Dec. 2021 and are expected to be over by now.
Fundamentals
* Continuous top line growth during last 4 quarters
* As Sri Lanka's economy is on a growth phase exceeding forecasts HBS will benefit from
increased IT budget allocations of other companies and new ventures.
* Business exposure to high growth areas of the world (South Asia, Southeast Asia, Middle East and East Africa)
* Most of the major shareholders opted the dividend in the script form (reinvesting the dividend in the company) instead cash which shows the strong confidence of the company's growth trajectory.
No of shareholders requested for 100% script dividend: 12%
No of shareholders requested for 50% cash & 50% script dividend: 45%
Q1 2024 earnings
Revenue up 30.5% YoY & 7.6% QoQ
New deal closures up 44% YoY
Dividend Yield
Last Dividend LKR 1.25 (Cash/Scrip or both 50/50)
DY : 10.4% (Market DY 4.4% / 1 Year FD rate 8%)
IPO
Opened: 3rd Dec 2021
IPO Price : LKR 12.50
CSE debut Price LKR 28.50
52 Week Price Range
High : LKR 14.00
Low : LKR 10.50
Technical Analysis (Chart Patterns)
* HBS had created a Descending Wedge pattern during the post IPO selloff and a Reverse Head & Shoulder pattern during the 1 yearlong price consolidation (Dividend adjusted chart).
* Both these patterns recorded breakouts during last week.
Potential Pattern Targets
* Multi week descending wedge target LKR 20.00
* Reverse head & shoulder target LKR 14.30
Lanka
HBS.N0000Next 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 presented herein. Always consult a financial professional before making any investment decisions.
LIOC.N0000Staying above 50 DMA is a good sign for LIOC.
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 herein. Always consult a financial professional before making any investment decisions.
LIOC.N0000LIOC Update on 01/11/2023
LIOC trying to break 50 Daily MA line. If LIOC can close few more daily candle 50 DMA line, then LIOC might run till 200 Daily MA level. So short term target will be 150.
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 herein. Always consult a financial professional before making any investment decisions.
LIOC - Bullish divergence in daily chartEntry Point: 120 to 130
Profit Target: 180-200
Stop-Loss: 110
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 herein. Always consult a financial professional before making any investment decisions.
ASI - Falling Wedge Pattern in CSEASI might bounce from 8500 level. Closely monitor this falling wedge pattern and fib levels in the chart.
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 herein. Always consult a financial professional before making any investment decisions.
TEEJAY LANKA PLC - Falling Wedge PatternEntry Point: 30 to 31
Profit Target: 40
Stop-Loss: 28
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 herein. Always consult a financial professional before making any investment decisions.
ASI Bearish again! Where is the bottom?Next Strong Support Levels:
8600
8200
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 herein. Always consult a financial professional before making any investment decisions.
WHAT'S THE NEXT LEVEL WE WILL SEE ON LKR ( LANKAN RUPEES )?Check out the trade plan for USDLKR today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
We have seen an 83% of boost in the USD/LKR Pair since March 2022. Here I have attached the chart and update for reference👇🏻
Sri Lanka pegged in both directions in March amid ‘float’
ECONOMYNEXT – Sri Lanka’s central bank bought 196 million US dollars in March from commercial banks and sold 207 million dollars in a pegged exchange rate, despite an attempt made to shift to a floating regime, official data shows.
The weekly timeframe is holding a distribution zone on the top after the massive breakthrough in March. Price is under control inside the distribution zone. We are required to confirm the direction with a clean breakout confirmation on price action.
Check the chart below 👇🏻
By any chance, if the price confirms a bullish breakout on the distribution, then we have a greater chance of seeing these targeted price levels on the USD/LKR pair. There is no specific timeframe to achieve these targets and we have to wait for confirmation.
Check the chart below 👇🏻
On a bearish breakout, we will see a correction close to 50% on the bullish trend formed.
Check the chart below 👇🏻