🛵 Wheels in Motion: Yield-Driven Growth & ROE Re-Rating 📌 Recommendation ✅ BUY | TP: LKR 177.00 | Upside: +20.4% BRS recommends a BUY on COCR backed by strong fundamentals and attractive valuations. Total return of ~25%, including DPS of LKR 7.39. 🚀 Key Investment Catalysts 🏍️ 72% of loan book in high-yield leasing segments 💰 Growth fueled by easing imports & rising gold prices 🛡️ Stage 3 cover at 42%; credit costs normalizing at 1% 📊 ROE at 24.6% (FY26E); >5% dividend yield 💹 Valuation Snapshot PER: 6.0x | PBV: 1.4x (FY26E) vs. ROE: 24.6% TP derived via RI, PE & PBV-based methods ⚠️ Risks to Watch 📉 Macro slowdown, 🔻 gold/vehicle price swings, 💸 tighter policy, 🧍‍♂️ segment concentration.