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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka’s March tea production rose 11.3 percent from a year earlier

Sri Lanka’s March tea production rose 11.3 percent from a year earlier

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Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka’s March tea production rose 11.3 percent from a year earlier due to favourable weather, pushing up output of the island nation’s top agricultural export by 8.1 percent in the first quarter of 2013, data from the state-run Tea Board showed on Thursday.

[url][/url]

2Sri Lanka’s March tea production rose 11.3 percent from a year earlier Empty March tea output up 11% YOY Tue May 07, 2013 4:09 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Sri Lanka’s March tea production rose 11.3 percent from a year earlier due to favourable weather, pushing up output of the island nation’s top agricultural export by 8.1 percent in the first quarter of 2013, data from the state-run Tea Board showed on Thursday.

Monthly year-on-year output has gained in the past four months, helped by favourable weather. Production in 2012 edged down 0.4 percent from the year earlier due to adverse weather conditions.

Tea is one of the main foreign currency earners for the island nation’s $59 billion economy.
Sri Lanka’s March tea production rose 11.3 percent from a year earlier Tea1410

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Anyone thought about CTBL?

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
yeah! slstock...!

I thought a bit... and got .....Ks @5/- n waiting till the water get heat to have a tea...! Smile

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
TPL
BOPL

sriranga

sriranga
Co-Admin
http://www.forbesteaportal.com/Insidepages/Market_report/Report.asp?SaleYear=2013&SaleNumber=17&Sale_Date=29TH/%2030TH%20APRIL%202013

http://sharemarket-srilanka.blogspot.co.uk/

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
FLCH is seems to be coming again to the collection mode @ 2.90.

Is this the reason for it?

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@Chinwi wrote: FLCH is seems to be coming again to the collection mode @ 2.90.

Is this the reason for it?

Noticed, you are 1000 times correct.

UAEBOY

UAEBOY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@KDDND wrote:yeah! slstock...!

I thought a bit... and got .....Ks @5/- n waiting till the water get heat to have a tea...! Smile

Timely pick mate... you have entered in to CTBL JIT... Very Happy

You will surely win from this stock... Twisted Evil

yaka

yaka
Manager - Equity Analytics
Manager - Equity Analytics
will RICH be benefited with this??

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
March is will great for most plantation related companies.

But June will take a hit. ( some in Dec) . Then depending on global prices a recovery maybe made.

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
we all expected the March will record some of the best earnings ...this is always has been if we see the last qtr reports of most plantation cos....know

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Now its for the companies to deliver at least 50% dividends on EPS...i think investors too should have an agreement similar to workers Smile

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Will extra expenses , I doubt many companies will go for 50% dividend.

Even KVAL declated around 30% though it is a consistent high dividend rather diversified company.

BTw, KGAL/NAMU is late.

@traderathome wrote:Now its for the companies to deliver at least 50% dividends on EPS...i think investors too should have an agreement similar to workers Smile

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Technically KOTA.N can move either way. My feeling is that Buyers are moving in to collect @ 50-55. If the favourable trend continues ...This should make head way towards 70-80Rs. with possible break out to touch 110 in the long run. target derived from the width of the Horizontal Lines. (Ranging 50-75) since 2012.

I am sure one party (Buyer or Seller) will loose interst and allow the other to take over.

cheers

I am holding small qty.

TAH

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
So technically i have taken a risk and joined the BUYERS Smile

Now its Mr. Market to give me in the long run.

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I too hold bit of KOTA average @52.50 thought of collecting bit more .... Smile

I hope it could go up little by little and coolly in coming weeks/months.... some time with some surprise too.... Smile Without much trouble as things move... drunken

On the other hand, it records and performance is above the sector's average ....??? [am I right Sriranga? Slstock? Redbull?] scratch

For me.... holding this share gives some charming feeling than of a sleeping dogs on the road........!!! [Sorry if this is not a good example....] pale

Haa haa....... not for seniors... but for juniors...Don't consider my comment as either promoting / demoting .... this is just my understanding I may be right, wrong or intermediate... yet studying how to STAY WELL IN CSE... study

Listen to seniors well......!!! cheers

Bond


Manager - Equity Analytics
Manager - Equity Analytics
There are different types of Teas and different types of seasons for each. High March production points to the Dambulla harvest Wink

Info:
en.wikipedia.org/wiki/Tea_production_in_Sri_Lanka

teagschwendner.com/US/en/Tea_Growing_Regions.TG
Ceylon

The tea of present-day Sri Lanka is called traditionally by the old country name Ceylon. At around 60 % of its net export profits, tea is the most important export of Sri Lanka, a land of mild, subtropical climate and diverse vegetation. The most important tea-growing areas are located in the central highlands. Ceylon tea is divided into three categories: Low grown tea that grows under 650 meters, medium grown tea that grows between 650 and 1300 meters, and high grown tea that grows between 1300 and 2500 meters.

There are three tea districts in the central highlands around Adam’s Peak: Uva in the east, Dimbula in the west, and Nuwara-Eliya in between. Monsoon and passat winds determine the periods of quality. In the Uva district the best full, strong, tangy teas grow between June and September. In the Dambula district the teas containing less tannin are harvested between December and March and have a softer, lighter cup than the Uva tea. In the Nuwara-Eliya district good-quality tea is harvested all year round. This tea tastes similar to that of Dimbula and has a typical lemon bouquet. In the highlands more than 90% of tea production is processed as broken tea. For this reason one finds excellent Ceylon broken tea quite often, but good Ceylon leaf tea less frequently

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dambulle koheda tea thiyenne

Bond


Manager - Equity Analytics
Manager - Equity Analytics
Agree article sounds wrong

Must be referring to this. You know which stock

talawakelleteas.com/Dimbulla_Tea.htm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hi All

Don't take decision just based on WIKIPEDIA affraid anybody can write anything in here not sure! no guarantee o warent .... TAKE CARE..!!! sunny

johni45


Stock Trader
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