Budget good for plantation sector

Gainer · 1 Budget good for plantation sector Sun Oct 26, 2014 11:50 am

Gainer

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Support for plantation sector including support for tea and rubber research organizations and Plantation sector 6% Interest loan also.
from tomorrow plantation sector will move up cheers

opfdo · 2 Re: Budget good for plantation sector Sun Oct 26, 2014 12:23 pm

opfdo

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Gainer wrote:Support for plantation sector including support for tea and rubber research organizations and Plantation sector 6% Interest loan also.
from tomorrow plantation sector will move up

Yes I am with you, since most of the Plantation stocks are good with financials.

Did not see much tradings on MAL but most of other P/stock moved...but still there is a room to move

Further companies like BIL, BRWN, etc who are diversified with Plantation also possible since they are benifited

SM2014 · 3 Re: Budget good for plantation sector Sun Oct 26, 2014 12:31 pm

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Gainer wrote:Support for plantation sector including support for tea and rubber research organizations and Plantation sector 6% Interest loan also.
from tomorrow plantation sector will move up

Dont forget for rubber minimum price of 300 was proposed

VALUEPICK · 4 Re: Budget good for plantation sector Sun Oct 26, 2014 2:37 pm

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Budget proposals for plantations sector

• Export of high value products of tea, rubber, coconut, cinnamon and spices will be encouraged

• Proposed to use 50 percent of the special CESS collected by the Tea Board to share with local tea producers to promote high value tea in global markets with a Sri Lankan identity and country image. In this regards, the Free trade agreement with China is expected be operational by mid 2015 that will provide a greater boost for country's exports.

• Proposed to implement a credit scheme with an 8-year maturity at 6 percent interest to all well performing companies that will commit, on an agreed area for planting and replanting, for social development of plantation workers and to increase the volume of value added tea exports.

• Proposed to set up a Plantation Academy to develop a new generation of professional planters and smallholder planters, to extend training on best agricultural practices and technology skills.

• Public investments on Tea, Rubber and Coconut Research Institutes will be doubled to facilitate the private sector to fully benefit from triple deduction tax facility on research and development.

• Proposed to allocate Rs. 3,000 million to develop Tea Research Institute at Thalawakele and Rubber Research Institute at Agalawatta as state of the art research institutes.”

• Guaranteed rubber price of Rs. 300 per kilo.Proposed to increase the allocation to the Department of Rubber, by Rs. 3,500 million.

• Propose to increase new and replanting subsidy for coconut from Rs. 7,000 to Rs. 10,000 per acre and the subsidy for the rehabilitation of coconut land from Rs. 15,000 to Rs. 20,000 per acre.

• Proposed to increase Kapruka investment loan up to Rs. 3 million to cover soil improvement and water retention in coconut lands. I propose to allocate Rs. 1,000 million for these initiatives.

• Proposed to increase the subsidy granted for the cultivation of fruits and vegetables as well as operating dairy farms by 50 percent.

• Proposed to reduce import taxes of packaging material required for exports suitably without affecting local industries that manufacture such material.”

SHARK aka TAH · 5 Re: Budget good for plantation sector Sun Oct 26, 2014 3:37 pm

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Everything is Proposed Very Happy

later Declined

I dont read too much on to this Chanda Gundo Budget.

shan · 6 Re: Budget good for plantation sector Sun Oct 26, 2014 3:55 pm

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In the market plantation sector undervalued stocks trading , this is the right time for plantation sector ,
from tomorrow ready for bull run plantations
MADU Best undervalued stock

indi009 · 7 Re: Budget good for plantation sector Sun Oct 26, 2014 4:26 pm

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SHARK aka TAH wrote:Everything is Proposed later Declined

I dont read too much on to this Chanda Gundo Budget.

But I say shark you should take this opportunity and earn few bucks.............
After all. it's the increase in share prices is what matters............. whether it's a "chanda gundu or not"

piras · 8 Re: Budget good for plantation sector Sun Oct 26, 2014 4:35 pm

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SM2014 wrote:

Gainer wrote:Support for plantation sector including support for tea and rubber research organizations and Plantation sector 6% Interest loan also.
from tomorrow plantation sector will move up

Dont forget for rubber minimum price of 300 was proposed

Is there any room for AGAL and TPL?

Gainer · 9 Re: Budget good for plantation sector Sun Oct 26, 2014 11:38 pm

Gainer

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MADU within short term it will break 30.00 and Illiquid stock also very easy to break 30.00

Highly expecting last Quarter financial report with high profit

stockback · 10 Re: Budget good for plantation sector Sun Oct 26, 2014 11:58 pm

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SHARK aka TAH wrote:Everything is Proposed later Declined

I dont read too much on to this Chanda Gundo Budget.

Yes. I agree with you.

Price Band cannot solve this problem. Market price will reach according to supply and demand

that is nature of business.

if some one try do against that that is very short term. price is depend on supply and demand
there no other theory

SM2014 · 11 Re: Budget good for plantation sector Mon Oct 27, 2014 1:20 am

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Gainer wrote:MADU within short term it will break 30.00 and Illiquid stock also very easy to break 30.00

Highly expecting last Quarter financial report with high profit

Dont expect exceptional profit from tea plantation companies as the tea prices came down in the 3rd quarter. but they are bit above the comparative quarter. profit for the 3rd quarter is less than the last quarter.