FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» DIPD/HAYC/HAYL
by stocknoob Today at 6:55 pm

» GLAS will be winner with Super Gain.
by stocknoob Today at 6:20 pm

» Growing Fear
by Mr. X Today at 4:55 pm

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by Wickyz Today at 12:54 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by Mr. X Today at 12:40 pm

» LDEV LDEV LDEV
by Eranga87 Today at 10:27 am

» No trader can flee from making a mistake. It’s just that you need to be careful about not repeating your mistakes.
by Mithooshan Today at 7:42 am

» Daily Foreign Transactions
by Pradeep90 Yesterday at 8:33 pm

» SWISSTEK (CEYLON) PLC (PARQ.N0000)
by Chithi Yesterday at 7:45 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by Jana Yesterday at 6:14 pm

» US dollar trading lower, euro near new high
by target1 Yesterday at 1:38 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Equity Win Yesterday at 1:23 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by Thushara Ayya Yesterday at 11:59 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Eranga87 Sun Apr 18, 2021 4:12 pm

» CIC HOLDINGS PLC (CIC.N0000)
by abey Sat Apr 17, 2021 9:07 pm

» First capital holdings CFVF.N0000
by invest thinker Sat Apr 17, 2021 4:46 pm

» Lanka Walltile PLC Investment Case
by judecroos Sat Apr 17, 2021 8:55 am

» Which is the best at current market condition ? ( At least 30% within 30 Days)
by judecroos Sat Apr 17, 2021 8:39 am

» Big opportunity in Kegalle Plantations
by EquityChamp Fri Apr 16, 2021 2:58 pm

» If you buy a stock that’s not going up in price, you won’t make any money. STOCK market for beginners
by dayandacool Fri Apr 16, 2021 11:31 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » GLAS for long term investment?

GLAS for long term investment?

Go down  Message [Page 1 of 1]

1GLAS for long term investment? Empty GLAS for long term investment? Tue Mar 20, 2012 12:43 pm

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I've been collection glass for some time and current price(5.80~6.00) seems to be the bottom and good for collection.
Many brokers recommend GLAS as a BUY and past performance seems to be good and the trend is upward.
GLAS for long term investment? Glas10
Dividend yield is above 5% and asset value per share @ 3.2x is very attractive.
Quarterly financial report(3/31) is yet to come and figures may have gone up further.

But there are some worrying concerns.
-Company is enjoying a BOI tax free period of 5 years. This get expired at the end of this year.
After that company is liable to pay 10% tax for 2 years and 20% there after.
GLAS enjoys the business monopoly and will be able to pass the tax burden to customers,
but definitely this will have an impact on overall profit.
-Glass production requires a great amount of energy.
Recent increase in electricity and fuel cost will increase the production cost at least by 30% (my estimate).
Being a BOI company and export enterprise, company gets electricity at a very low cost.
(less than Rs.3 per kwh while a normal house hold pays nearly Rs.5)
I don't know whether this tariff will change with the loss of BOI status.
Any way the cost of furnace oil and gas will have a direct impact on production cost.

Please share your idea on future prospect of the industry.



2GLAS for long term investment? Empty Re: GLAS for long term investment? Tue Mar 20, 2012 2:10 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
So in the essence, this would not be a long term investment as many proclaimed openly. confused

3GLAS for long term investment? Empty Re: GLAS for long term investment? Tue Mar 20, 2012 2:38 pm

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Kithsiri wrote:So in the essence, this would not be a long term investment as many proclaimed openly. confused
That is what I'm worried about. Statistics are impressive but the future is somewhat uncertain.

4GLAS for long term investment? Empty Re: GLAS for long term investment? Tue Mar 20, 2012 2:50 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks for the sort of Tip off.
I have a few there and once I reach my break-even (not profit) I will get rid of them (hope it will reach there before their tax break over). Very Happy

5GLAS for long term investment? Empty Re: GLAS for long term investment? Wed Mar 21, 2012 2:05 pm

greedy

greedy
Manager - Equity Analytics
Manager - Equity Analytics
This was one of my favorite counter in the past and recently thought of entering when it comes below 5/-. However, I have few concerns now....

Permal Glass has USD dollar loans. I guess GLASS restructured its rupee loans to USD loans at the end of 2009 or beginning of 2010. As of 31/03/2011, GLASS had a USD loan amounting to USD11.1mn. After repayments during last 9 months (repayments approximately USD2mn), they may have a balance of USD9.1mn apprx. as of 31/12/2011.

The LKR/USD was 114.00 as of 31/12/2011 and as of yesterday it has reached 130. If this keep on increasing till 31 march, they may have a hit on USD loan revaluations. This pressure could extend from short to medium term. Current quarter impact could be around USD9mn*LKR16 =LKR144mn aprox. as per exchange rates of yesterday.

The positive side of the impact is that GLASS has a portion of export revenue. as per last annual report 25% of revenue aprox. appears to be from export.

if we apply same ratio to the current quarter ending 31/03/2012 based on revenue for quarter ended 31/12/2011....

Revenue Q/E31/12/2011 LKR1,375mn
25% of that LKR344mn
USD equivalent of the above LKR344mn/114 = USD3.01mn

The positive impact from the export revenue could be USD3.01mn*16 =LKR48mn.

Negative impact LKR144mn vs positive impact of LKR48mn, This is ignoring the cost of inputs from the import.


The above is a approximate estimate. Should not be taken as a fact.

Welcome your observations and comments

The above is not a buy/sell/hold recommendation.



6GLAS for long term investment? Empty Re: GLAS for long term investment? Wed Mar 21, 2012 2:14 pm

greedy

greedy
Manager - Equity Analytics
Manager - Equity Analytics
However, when USD loan exposure becomes equal or smaller than export revenue, the appreciation of USD will not have negative impact on GLASS and vice-versa.

At the moment there is no perfect hedge for USD loans.

7GLAS for long term investment? Empty Thanks greedy Fri Mar 23, 2012 12:33 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
As usual very good posts by greedy, probably a more level headed logical approach than most of us on here.

8GLAS for long term investment? Empty Re: GLAS for long term investment? Thu May 03, 2012 7:57 pm

greedy

greedy
Manager - Equity Analytics
Manager - Equity Analytics
Worth to note this reply too====> http://forum.srilankaequity.com/t13389-piramal-glass-latest-research-report#117027

9GLAS for long term investment? Empty Re: GLAS for long term investment? Thu May 03, 2012 10:46 pm

Vptilak


Manager - Equity Analytics
Manager - Equity Analytics
@greedy wrote:Worth to note this reply too====> http://forum.srilankaequity.com/t13389-piramal-glass-latest-research-report#117027


We have to look at the last quater results.Gross profit gone up. But EPS has come down . Major reason is huge increase of admin. cost from Rs 72 mn in 2011 to Rs 211 in 2012.What the hell Mgt is doing?

10GLAS for long term investment? Empty Re: GLAS for long term investment? Wed Jan 08, 2014 9:08 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Anyone looking at GLAS now @ 4.50???

@ a PE = 6, ROE = 20.5, Div. yield = 7.7%, this looks good to me.. The counter has been beaten down to ground for the reasons of rising energy and operations expenses.

@ a PE = 5.8, ROE = 20.5, Div. yield = 7.9%, 5Y avg Div yeild = 5.16 this looks good to me..

Rise in oil price and electricity are gonna eat up to their profits - is the going concern.

So will 4.50 be the ultimate ground level for GLAS?

11GLAS for long term investment? Empty Re: GLAS for long term investment? Thu Jan 09, 2014 9:40 am

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@smallville wrote:Anyone looking at GLAS now @ 4.50???

@ a PE = 6, ROE = 20.5, Div. yield = 7.7%, this looks good to me.. The counter has been beaten down to ground for the reasons of rising energy and operations expenses.

@ a PE = 5.8, ROE = 20.5, Div. yield = 7.9%, 5Y avg Div yeild = 5.16 this looks good to me..

Rise in oil price and electricity are gonna eat up to their profits - is the going concern.

So will 4.50 be the ultimate ground level for GLAS?

I also have the same view.  study 
If one could patiently collect a good quantity @ 4.40 that would be a very strong position.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum