Out of these two stocks my favourite pick is NAMU. It is a very well diversified company. Which produces Rubber, Tea as well as Palm Oil.
They have a substantial stake in Sri lanka’s biggest Palm oil extraction factory. ( AEN Oil palm factory).
Their NAV per share is Rs 84 as at 31 03 2013. Their EPS is Rs 17.23 as at 31 03 2013Now the share is trading at Rs 84.50 levels with a healthy interim dividend of Rs 9.00/share.
Dividend yield is around 10.65% p.a. almost in par with one year FD rates offered by major commercial banks in SL.
Since the company is export oriented it’s going to benefit from the USS currency appreciation. This will be one of biggest benefits that the company is going to enjoy in future.
To me NAMU is a Hidden Gem in the plantation sector. We simply can’t ignore these types of value shares since they represent the plantation sector. Even we saw some foreign attraction to this counter in last few days as well.
Slowly will reach to Rs 100 levels in coming months.
why go behind craps?