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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ASIA SIYAKA COMMODITIES PLC (ASIY.N0000)

ASIA SIYAKA COMMODITIES PLC (ASIY.N0000)

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dayandacool


Moderator
Moderator

RJ1010 wrote:Upcoming qtr results might be better… still I wouldn’t recommend buying over 3.5

Disc - I too hold ASIY at 4.3 but I don’t want to promote it just to sell my stake

Appreciate your honesty RJ. Same goes with me when it comes to RAL. I have some bought above 4 rs. But not going to promote RAL though last few trading days witnessed improved volumes. Past 2 quarter results weren't good enough and will only speak of it once the results have improved. Very Happy

RJ1010 likes this post

RJ1010


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

See what happens when ASIY price goes up?
Director sold almost 3million shares over 3.40. They know when price is over valued and it’s a good time to book profits.
Smile)))
and still our retail investors chase after the share thinking it should reach 4+

viduranga


Senior Equity Analytic
Senior Equity Analytic

That day trading more than 54 million shares.bt directors selling only 3 million.😂😂😂

RJ1010


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

Share price dumped back after reaching 3.6 no? Do you still believe players will rally it up to 4?

viduranga


Senior Equity Analytic
Senior Equity Analytic

ASIY RALLY VERY SOON STILL COLLECTING 3.2,3.3,3.4 LEVEL. tHIS WEEK IT ll REACHING 4 LEVEL

131ASIA SIYAKA COMMODITIES PLC (ASIY.N0000) - Page 6 Empty ASIY SIYAKA Wed Jul 28, 2021 10:46 am

jehan008


Equity Analytic
Equity Analytic

viduranga wrote:ASIY RALLY VERY SOON STILL COLLECTING 3.2,3.3,3.4 LEVEL. tHIS WEEK IT ll REACHING 4 LEVEL
I agree with you viduranga.

Sri Lanka’s tea production in the first half had grown by 31 million kilograms, or 24%, to 161.49 million kilograms – the highest recorded amount in the country’s history. “We were aiming to get the highest green leaves quantity in 2021. Despite these difficulties encountered by the farmers, we should be able to reach our targets and the Government is committed to providing good quality fertiliser for the tea industry,” 



https://www.ft.lk/front-page/Govt-assures-adequate-fertiliser-supply-for-tea-industry/44-720927

RJ1010


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

jehan008 wrote:
viduranga wrote:ASIY RALLY VERY SOON STILL COLLECTING 3.2,3.3,3.4 LEVEL. tHIS WEEK IT ll REACHING 4 LEVEL
I agree with you viduranga.

Sri Lanka’s tea production in the first half had grown by 31 million kilograms, or 24%, to 161.49 million kilograms – the highest recorded amount in the country’s history. “We were aiming to get the highest green leaves quantity in 2021. Despite these difficulties encountered by the farmers, we should be able to reach our targets and the Government is committed to providing good quality fertiliser for the tea industry,” 



https://www.ft.lk/front-page/Govt-assures-adequate-fertiliser-supply-for-tea-industry/44-720927

It will be interesting to see upcoming financials of ASIY. 
If you observed TSML financials there’s a massive drop in profit and eps for the quarter vs previous year despite last year quarter being one of the worst covid periods.
I was also expecting tea to do well because of production increase and world tea prices increase. Need to check further why TSML reported a drop compared to last year.

Jana

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


ASIY is good to buy and keep in your portfolio

ASIY dividend pay stock

ASIY is a good stock on the penny stock list

Keep eye on it

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