📈 Riding Strong Margins and Earnings Momentum 💰 Strong 3Q FY26 performance: PAT of LKR 1.9bn and EPS of LKR 6.10 (+487% YoY), driven by robust NII growth and significantly lower impairments amidst improving recoveries and asset quality. 📘 BRS Outlook: Credit growth expected to normalize in FY27E as the pent-up demand following vehicle imports gradually eases, alongside tighter LTV regulations. However, margins are likely to remain strong, supported by COCR’s high-yielding leasing portfolio, while earnings and ROEs are expected to stay healthy over FY27E–28E. 📈 Valuation & Recommendation: • COCR – BUY | TP: LKR 182.00 (+47.7%) • FY26E Dividend Yield: 7.4% ⚠️ Risks: Slower vehicle demand, gold price volatility, monetary tightening, growth of unregulated financing