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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Evaluation of the growth potential of GLAS

Evaluation of the growth potential of GLAS

4 posters

Go down  Message [Page 1 of 1]

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The government of Sri Lanka is projecting a 10% overall growth. What that means is we need add 10% of previous years performance for several consecutive years.
It's Cristal that we need to use our natural resources wisely for a sustainable exponential growth pattern.

Talking of utilization of natural resources silica mining and processing is an area that investors have lost focus. With the expected growth in the Building and Construction, Trading and hotel industry GLAS should perform exceptionally well as the market leader. The Current quarterly result is very encouraging as well.

I expect the government to increase import taxes for Glass products to help grow this sector if we are to achieve the 10% exponential growth they boast about. There is a rumour floating around that it is infact the case. But still its a rumor.

Regardless GLAS has a tremendous growth potential and it is still highly undervalued in my personal opinion. Please do your own research before investing.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

I also have few thousands of Glass with the cost vary from 3.30 to 8.90. I have no idea about their business but after read the annual report for 2009/2010 and after looking for the quarters results up to now i am happy with the performance. Also if the land in Ratmalana can be disposed with the price range they expect ( i.e 600 to 800 million ) then the company saving on financial cost will be more.

Also i had a look at there shareholder pattern and Most of the them increase their holdings compare to previous quarters and public holding become less

As friend suggested please do your own research before analysis

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics

Could you pl explain us how GLASS could benefit from Building, Construction, Hotels as you have mantioned?

What is the rumour? If you tell it here, people who are familier with will evaluate it!

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Check this out.
http://www.piramalglassceylon.com/view-details2/view-details/27
http://www.piramalglassceylon.com/infrastructure

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

salt wrote:Could you pl explain us how GLASS could benefit from Building, Construction, Hotels as you have mantioned?

What is the rumour? If you tell it here, people who are familier with will evaluate it!

Well when the economy expands you need more glass. and we have plenty of silica as a natural resource. Glas exports glass containers. only problem was the production capacity. which is why they have relocated the ratmalana facility to horana.
http://www.piramalglassceylon.com/view-details2/view-details/21

rumour is new import tax to help grow this sector.

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics

Well when the economy expands you need more glass. and we have plenty of silica as a natural resource. Glas exports glass containers. only problem was the production capacity. which is why they have relocated the ratmalana facility to horana.
http://www.piramalglassceylon.com/view-details2/view-details/21

rumour is new import tax to help grow this sector.[/quote]

Thank you. It ahs no big impact since only small bottle are imported.

Could you pl explain us how GLASS could benefit from Building, Construction, Hotels as you have mantioned? None of your reference explain this?

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

With booming tourism industry , expected increase of consumption levels of North & East and the overall economy more glass containers are needed.

Also interested to Note is, if you study the top 20 share holders of GLAS, DFCC and EPF have increased their share holding significantly in the last quarter. Smile

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic

The 2nd largest shareholder named Mr. RFT Perera also has increased his stake, any idea about him ?

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic

Anyone checked on this name of Mr. RFT Perera ?!
I doubt whether the R refers to a name Ravith ?!?!!?

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

KDS wrote:The 2nd largest shareholder named Mr. RFT Perera also has increased his stake, any idea about him ?

He is also a major share holder of ERI
http://www.cse.lk/cmt/upload_report_file/782_1281603925830.pdf

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic

he is no more a major shareholder in ERI, he has sold his stake - check the last quarter report.
http://www.cse.lk/cmt/upload_report_file/782_1289532187239.pdf

Mr. RFT Perera is accumalting shares of GLAS QoQ,that is why i asked his background. There is one person whom is a attorney at law named Mr. Ravith, i am suspicious he is the person referred in this name.

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