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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » I am entering Plantations! This is my first Pick!

I am entering Plantations! This is my first Pick!

+24
Hawk Eye
ADP
Fairtrade
NZ BOY
RPPA
prabath
SLFINANCEWATCH
zoozzoo
VALUEPICK
MARKETWATCH2
suja
schemer
sapumal
aero
Market R
Eng Krishantha
indi009
windi5
Dr Stock
D.G.Dayaratne
Wessa123
MAKARA
SHARK aka TAH
Sstar
28 posters

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D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Kegalla

Rubber 55 %

Tea coconut and other 45%

NAV 133.70

Good dividend record


Why present Price Rs 98.00 ?

VALUEPICK


Expert
Expert

D.G.Dayaratne wrote:Kegalla

Rubber                          55 %

Tea coconut and other    45%

NAV                            133.70

Good dividend record


Why present Price Rs 98.00 ?

I completely forgot about some coconut plantations in companies such as KGAL and UDPL etc. KGAL has one of the best balance sheets among plantations companies. We can expect some upside for this counter as long as major up trend is intact. We can see even loss making companies have appreciated by more than 100% due to current market trend. Stocks prices are going up these days not because of earnings only. They are gong up due to current market situation. Otherwise how do we see rapid appreciation of share prices of loss making and some companies having extended P/E ratios? Therefore why not KGAL? In a weak market even share prices of profit making companies will go down.?

zoozzoo


Manager - Equity Analytics
Manager - Equity Analytics

what do you think about BALA.N, i think it's trading at a discount. as their quarterly report NAV is 120.03 and EPS 2.42. currently trading at 30.40

I am entering Plantations! This is my first Pick! - Page 2 110
I am entering Plantations! This is my first Pick! - Page 2 1_310

SLFINANCEWATCH


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Mal.n nd Mal.x will be a good short/ mid term invstment..

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Mask.........

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

most of shares of plantation sector are under valued and prices are below NAV

If you take kegalla NAV is above 135/= to day price is Rs 95/=

This low-erst price after 2011

There are share holders who purchased at very high prices as far as i can remember sometimes over Rs 200/=

most of share holders will not sell at present price

I THINK PRESENT PRICE IS BELOW RESISTANCE LEVEL



RPPA


Expert
Expert

Please don't buy MASK.

It is the worst share in the sector. I had 135,000 about 3 years back. It is not a good stock

BUY

MAL,KGAL, NAMU, TPL

NZ BOY

NZ BOY
Moderator
Moderator

MAL.N & MAL.X

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Mal.n and x is the best
..lot more space to grow...stil in 5
.00 range..can reach 10 easily

Fairtrade

Fairtrade
Manager - Equity Analytics
Manager - Equity Analytics

MADU is trading at good price to buy now. Next run soon. BALA was collected at 31 range. This will follow next. MASK profit is low.

Dr Stock

Dr Stock
Co-Admin

DIPD is directly plantaion related share .
Making of medical gloves using our rubber.
DIPD own TPL and KVAL.
It had problems in the last year.
( Rathupaswala issue)
Now things settled and future will be bright !
Good Luck !

ADP

ADP
Manager - Equity Analytics
Manager - Equity Analytics

Fairtrade wrote:MADU is trading at good price to buy now. Next run soon. BALA was collected at 31 range. This will follow next. MASK profit is low.

Hi Fairtrade,

I hold both Madu and Bala, what are the target prices for these two?

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

TPL showing some movement.

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

MARKETWATCH2 wrote:TPL-UDPL-MPRH three bests ones in the lot. Follow the trend. Prepare for the second wave. Identify the support.

Second wave is strong.

Hawk Eye

Hawk Eye
Expert
Expert

D.G.Dayaratne wrote:Kegalla

Rubber                          55 %

Tea coconut and other    45%

NAV                            133.70

Good dividend record


Why present Price Rs 98.00 ?

Its because the oil prices are down, and the rubber prices also expected to go down.. This will have an impact on the revenue of rubber producers. But it will give good value to those who use rubber as RM. Thats why TYRE going up KOTA & KGAL comming down

Hawk Eye

Hawk Eye
Expert
Expert

If you are entering plantations , target those who has a good mix of crops.More of Tea ,Palm oil  and less rubber these days. companies like AGAL,MAL,HOPL,NAMU  have well diversified.

Some of the other areas these plantations diversified is in to Hydro,Tourism,Plywood,Cinnamon etc.

Good luck

SS

SS
Senior Equity Analytic
Senior Equity Analytic

I hate to see the timber reserve included in the net assets. Is it ok to consider it as a RESERVE?? i think that need to be eliminated from both NAV and ROE calculations in order to compare.... BALA is having 1.4Bn (half of its NAV as timer reserves)

Dr Stock

Dr Stock
Co-Admin

Out of all sectors, plantations are the most poorly performing sector !
scratch scratch scratch

Fairtrade

Fairtrade
Manager - Equity Analytics
Manager - Equity Analytics

I am optimistic that we will have a plantation rally with budget.

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Fairtrade wrote:I am optimistic that we will have a plantation rally with budget.

Thank you very much. Unusual large quantity traded than normal days last month and last few days? Bala, Mask, Tpl, Udpl, Elpl, Tpl,Mprh, Madu, Kota,Hopl Why? Need to follow support levels. These are trading below their NAPS. . Can Elpl go to Rs.31/-? Trend is friend.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

There may be special favorable proposal for Rubber plantation

in next budget

It will effect favorably for rubber plantation companies

VALUEPICK

VALUEPICK
Expert
Expert

D.G.Dayaratne wrote:There may be special favorable proposal for Rubber plantation

in next budget

It will effect favorably for rubber plantation companies

There is a day for every stock and commodity. Can human live without commodity? Good luck

Fairtrade

Fairtrade
Manager - Equity Analytics
Manager - Equity Analytics

Hope Monday will be a good day

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Tea price down dont buy

SHARK aka TAH

SHARK aka TAH
Expert
Expert

But equally share prices too low haven't moved except couple of shares ex. Way an tpl come into mind.

g@ii


Equity Analytic
Equity Analytic

What about kgal?

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

study the pattern and invest

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

fireshelter wrote:study the pattern and invest

Yes. support levels for trading. value or growth for mid and long term.

Reference: Asha Phillip Securities Ltd VALUATION GUIDE: Is CSE over heated? Market PE 20.02 times by Dinesh Fernando

Plantation P/E ratio is 6.3

http://www.nation.lk/edition/biz-news/item/34117-take-us-into-confidence-tea-exporters-urge-govt.htm

The Chairman of the Tea Exporters Association (TEA), Rohan Fernando last week urged Sri Lanka’s policy makers to take the members of the Association into confidence vowing that the assurance alone could propel the industry to reach greater heights. Addressing the 15th Annual General Meeting of the TEA held at the Cinnamon Grand Hotel recently with the participation of Minister of Plantation Industries Mahinda Samarasinghe, Fernando said that in difference to most others, the tea exporters have never gone to the government with a begging bowl and, in fact, have not received any concessions or for that matter recognition for their efforts in building global brands.
“I will not delve on data and facts, but as we have always professed, it is very much in the interest of the Government in power to take us in to confidence,” the Chairman said.

He noted that as an organization representing over 85% of the total tea revenue generated in the country, the TEA was able to mobilize positive energies amongst its members and that if a productive dialogue is established, the tea exporters can certainly assist the government in their revenue targets.

“In 2010, when the EDB launched the vision for Sri Lanka, we were confident in stating that the tea exports will target to reach an annual turnover of 5 billion USD by 2020. It was treated with the same lukewarm response as the one billion target we projected to cross several years ago. But today the policy makers are confident of the possibility of 5 billion USD. I say to you today with confidence, the potential of our members if properly harnessed is much more than the figure we are aiming at,” Fernando pointed out.

Speaking further, the TEA Chairman said that if Research and Development is recognized as an essential part of innovation, tea will be the first industry to benefit and double its potential within a short period. He, therefore, appealed to the policy makers to look at tea from a different perspective.

“It is an accepted fact that the vast numbers of tea farmers need state assistance and any government in office will not shirk this responsibility and lose the votes. At the same time, Tea Exporters must be taken into confidence and a dialogue established to go after a lager global share which is growing year-on-year surpassing most other human essentials. It is surprising that when formulating national policy this vital fact is overlooked,” Fernando further added.
Fernando’s points to ponder

• The industry we are engaged in, for reasons known to some is clustered as the tea industry without giving any credence to its evolvement over the years as tea plantations and tea exports. It probably shows the way the policy makers look at us, perhaps as a traditional industry with not much contribution expected of. It must be noted that a vast number of our exporters are now setting up operations in centralized locations close to the large markets and this will certainly boost the value of these companies and accrue strong brand value like the way some of the multinational companies have progressed. We believe by the turn of this decade more local companies will become multinationals and it will be a pride to our nation to witness some of our tea brands being recognized through international stock options.

• A further point to keep in mind is that Tea Companies have started to diversify whilst maintaining its core business in tea. Hence the power of the Tea Economy should also be viewed from a different angle with their diversified strengths. Today, it is evident that Tea has provided the springboard for several high value segments to branch out.

• Tea based beverages which were made popular by multinational companies is now being developed in Sri Lanka. The largest beverage manufacturer of soft drinks in Sri Lanka recently introduced a line of tea drinks which will bring to light yet another dimension of this magic brew.

• Tea tourism has taken shape giving a boost at the plantation level to create new wealth. Health aspect of tea is now a well established fact and several curative products from tea are already in the market and before too long the range will expand even to capture spas and health resorts.

- See more at: http://www.nation.lk/edition/biz-news/item/34117-take-us-into-confidence-tea-exporters-urge-govt.html#sthash.AJZZr2el.dpuf

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