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.
FINANCIAL CHRONICLE™

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

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» HAYLEYS PLC (HAYL.N0000)
by EPS Yesterday at 11:55 pm

» NO FURTHER INCREASE IN TAXES-PRES. RANIL WICKRAMASINGHE
by ADVENTUS Yesterday at 3:48 pm

» AAIC 100 = SCAP 16
by Equity Win Yesterday at 2:11 pm

» CARGO BOAT DEVELOPMENT COMPANY PLC (CABO.N0000)
by Dasun Maduwantha Yesterday at 12:10 pm

» Nestle‚ declares highest ever dividend
by Shiranli Yesterday at 11:24 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Anushka Perz Yesterday at 11:15 am

» Buy lofc tomorrow - Maharaja
by Maharaja Yesterday at 9:47 am

» MULTI FINANCE PLC (MFL.N0000)
by Eleven Mon Aug 08, 2022 9:28 pm

» AGSTAR PLC (AGST.N0000)
by Thushara Ayya Mon Aug 08, 2022 4:18 pm

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Mon Aug 08, 2022 1:43 pm

» LIOC ....Get in soon
by samaritan Mon Aug 08, 2022 11:49 am

» Sinopec likely to enter Lankan fuel market
by samaritan Mon Aug 08, 2022 9:41 am

» RW - Rescue Warrior of Sri Lanka's Economy
by reyaz Mon Aug 08, 2022 8:17 am

» Should Central bank increase Interest rates?
by reyaz Mon Aug 08, 2022 7:52 am

» LPRT and CHOT old and profitable businesses, yet severely undervalued
by sheildskye Sun Aug 07, 2022 12:05 pm

» L G I L - Maharaja special
by Chula Sat Aug 06, 2022 6:24 pm

» Day Trader may find a stock attractive if it moves a lot during the day. Stock market for beginners and day traders
by Asoka Samarakone Sat Aug 06, 2022 11:54 am

» Foundation laid for Nestlé Lanka’s Rs.5bn factory expansion
by nilantha suranga Sat Aug 06, 2022 1:57 am

» HAYLEYS PLC (HAYL.N0000)
by cseboss Fri Aug 05, 2022 7:21 pm

» I can't understad your behaviour
by D.G.Dayaratne Fri Aug 05, 2022 6:56 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » KAPI Next future!

KAPI Next future!

+3
Market R
Sstar
DealKing
7 posters

Go down  Message [Page 1 of 1]

1KAPI Next future! Empty KAPI Next future! Thu Aug 28, 2014 2:09 pm

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

What do you all think of KAPI.
Market sources are in the view that with rising Construction boom KAPI is still worth over Rs.100.

The company has good rapo with ruling too and has been successful in securing many construction related tenders.

I sense some hot insights.

2KAPI Next future! Empty Re: KAPI Next future! Thu Aug 28, 2014 2:16 pm

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

KAPI is likely to venture into Housing Segment through a massive acquisition. Any Guess?

3KAPI Next future! Empty Re: KAPI Next future! Thu Aug 28, 2014 2:18 pm

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics


http://forum.srilankaequity.com/t36207-cml-mtd-to-build-5000-houses-for-uda

4KAPI Next future! Empty Re: KAPI Next future! Thu Aug 28, 2014 2:42 pm

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

It would trade Rs.50-52 for a while before next leap along with market trend.

5KAPI Next future! Empty Re: KAPI Next future! Thu Aug 28, 2014 5:06 pm

Dr Stock

Dr Stock
Co-Admin

KAPI came straight ahead from Rs 34 to Rs 54.
I thought it will take a break before the next move.
Today again a very bullish candlestick.
Very Happy Very Happy Very Happy

6KAPI Next future! Empty Re: KAPI Next future! Fri Aug 29, 2014 10:56 am

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Short term 50-52. Next support Rs.45 if drop below Rs.50.

7KAPI Next future! Empty Re: KAPI Next future! Fri Aug 29, 2014 11:14 am

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Market R wrote:
http://forum.srilankaequity.com/t36207-cml-mtd-to-build-5000-houses-for-uda

MTD Walkers to foray into real estate with Wincon acquisition
FRIDAY, 29 AUGUST 2014 10:35 E-mail Print
By Dilina Kulathunga
Integrated infrastructure and engineering solutions provider, MTD Walkers PLC yesterday said its board gave the approval to acquire Wincon Development Ceylon (Private) Limited (Wincon), the local unit of the Malaysian property development company, Metacorp Berhad (Metacorp), for a consideration of Rs.2.17 billion.

" We wanted to get into the real estate sector for quite some time and I believe the acquisition will open up a window of opportunity in this sector "

The acquisition price will value Wincon’s share at Rs.4.01 and the deal will see MTD Walkers offering cash to Wincon to buy the 100 percent stake.
The management is currently considering the financing options as the internal cash reserves are only Rs.173.8 million as of June 30, 2014 but the receivables are over Rs.7.0 billion.

The acquisition will enable the local construction sector giant to enter into the buoyant yet intensely competitive property development and real estate sector in the country.

“We wanted to get into the real estate sector for quite some time and I believe the acquisition will open up a window of opportunity in this sector,” a company spokesman said requesting anonymity.

Sri Lanka’s property development and the real estate sector is currently dominated by Prime Lands (Pvt.) Limited, Home Lands Holding and the emerging player Blue Mountain (Pvt.) Limited.

The acquisition is most likely to go through in no more than 45 days upon receiving the shareholder approval.

The company will call for an Extraordinary General Meeting soon to obtain its shareholder approval.

The acquisition could also be considered as a part of its group re-strategizing exercise, which started end-July with the appointment of the management consultancy firm, MTI Consulting led by Hilmy Cader.

However, the company is still in negotiation with Wincon and is deliberating how to merge the entity with the group.

MTD Walkers is believed to be the country’s only infrastructure developer which is able to perform the entire spectrum of infrastructure development activities through its six subsidiaries, specialized in civil, mechanical and electrical engineering work, pile construction and power generation. Last week, MTD Walkers’ subsidiary CML-MTD Construction Limited set up another entity as a Board of Investment venture to undertake housing projects under the Urban Regeneration Plan set out as per the model proposed by the Urban Development Authority.

Once the deal goes through, Wincon will become the group’s seventh fully-owned subsidiary. Meanwhile, it was also learnt that Wincon, which was incorporated in 2003, was looking for an exit from the Sri Lankan market as they were not performing well enough to justify the Sri Lankan existence.

Wincon engaged in property development, building construction and mechanical and electrical engineering work. During the recent quarter ended June 30, 2014, the MTD Walkers group increased its net profits by a massive 74 percent to Rs.281.6 million from the same quarter last year.

MTD Walkers is a heritage firm, being the seventh oldest company in Sri Lanka and has been in operation since 1854.

Source - http://www.dailymirror.lk/business/features/51706-mtd-walkers-to-foray-into-real-estate-with-wincon-acquisition-.html

8KAPI Next future! Empty Re: KAPI Next future! Fri Aug 29, 2014 2:57 pm

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Next support Rs.40 to 45

9KAPI Next future! Empty Re: KAPI Next future! Sat Aug 30, 2014 3:05 pm

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Down by 5.6% on large volume on Friday.

Closed price Rs. 50.60 volume: 667,763

10KAPI Next future! Empty Re: KAPI Next future! Sat Aug 30, 2014 3:14 pm

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

Exited 50% of shares of KAPI, but holding the balance until the next wave. I think the company should be worth about Rs 120/= based on the proposed acquisition of WIncon.

11KAPI Next future! Empty Re: KAPI Next future! Sat Aug 30, 2014 4:59 pm

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics

It should be above Rs 90.

Back to top  Message [Page 1 of 1]

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