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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Textured Jersey MoU with Moratuwa University

Textured Jersey MoU with Moratuwa University

4 posters

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notme

notme
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
WEDNESDAY, 09 APRIL 2014 06:29

April 09, 2014 (LBT) - Textured Jersey PLC, (TJL) Sri Lanka’s largest and most innovative manufacturer of knitted fabric, has entered into a Memorandum of Understanding with the University of Moratuwa to create the framework for a long-term collaborative relationship.

The milestone agreement paves the way for a close interaction between the two organisations for the development of opportunities for employment generation and collaboration on strengthening research, design and technical capabilities and product development on a mutually beneficial platform.

“We strongly believe that academic institutions that offer professional and technical training and businesses that employ their graduates must collaborate to understand each other’s needs as well as the predictable demands of the future,” said Sriyan de Silva Wijeyeratne, Managing Director/CEO of Textured Jersey PLC. “This is particularly important in the spheres of fabric and fashion design, where the opportunities for innovation and product development are virtually infinite.”

Among the highlights of the agreement between Textured Jersey and the University of Moratuwa are provisions for TJL to support the latterby providing fostering programmes and industry placement including foreign tours for students following the Fashion Design & Product Development degree programme.

Textured Jersey will also continue to support the Annual Graduation Fashion show of the B Des in Fashion Design & Product Development degree programme andaccommodate short term industry placements for foreign students through the academic link programmes between foreign universities and the University of Moratuwa.  

For its part, the University of Moratuwa will provide expertise and support to strengthen the design and technical expertise of TJL through student projects, research and consultancies, and support the conceptual development of brand new collections.

Textured Jersey is one of the top 50 public quoted companies in Sri Lanka and possesses one of the country’s most sophisticated production facilities for the manufacture of knitted fabrics for the intimate, lounge, outwear and active categories. A specialist in the manufacture of high quality, weft-knitted and dyed stretch fabrics, Textured Jersey is a supplier for top-notch international brands of the calibre of Victoria’s Secret, Marks & Spencer and Intimissimi. The two major shareholders of the company are Brandix, Sri Lanka’s single largest apparel exporter and Pacific Textiles, a Hong Kong based company with one of the largest manufacturing facilities in China.

source-http://www.lbt.lk/news

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Excellent! TJL is the king of the CSE. Everyone should have fundamentally strong shares like this in their portfolio

SHARK aka TAH

SHARK aka TAH
Expert
Expert
@Balanced_Views wrote:Excellent! TJL is the king of the CSE. Everyone should have fundamentally strong shares like this in their portfolio
TJL & ECL i have concerns  What a Face 

SHARK aka TAH

SHARK aka TAH
Expert
Expert
LIOC in similar fate

lux2014

lux2014
Manager - Equity Analytics
Manager - Equity Analytics
Mr Shark,
Why do you say you have concerns about,
- TJL
- ECL
- LIOC

Appreciate your feedback. Thanks.

SHARK aka TAH

SHARK aka TAH
Expert
Expert
ECL getting corrected...... so wait till this phase is over

SHARK aka TAH

SHARK aka TAH
Expert
Expert
TJL needs to come down its in Overbought stuation Smile loosing volume and no momentum to go up on current condition

notme

notme
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
SHARK wrote:TJL needs to come down  its in Overbought stuation :)loosing volume and no momentum to go up on current condition

TJL is not in overbought condition .whats going on is someone got interest on TJL and has made barrier at around 16.50 ,then trying to collect below 16.50 .but no sellers at all . (look at the order book)

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@notme wrote:
SHARK wrote:TJL needs to come down  its in Overbought stuation :)loosing volume and no momentum to go up on current condition

TJL is not in overbought condition .whats going on is someone got interest on TJL and has made barrier at around 16.50 ,then trying to collect below 16.50 .but no sellers at all . (look at the order book)

I agree - this a good time to buy

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@lux2014 wrote:Mr Shark,
Why do you say you have concerns about,
- TJL
- ECL
- LIOC

Appreciate your feedback. Thanks.

ECL I have concerns too but LIOC - look at the PE - still well below market PE. LIOC is the best share

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