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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » SWISSTEK (CEYLON) PLC (PARQ.N0000)

SWISSTEK (CEYLON) PLC (PARQ.N0000)

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326SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Oct 23, 2015 6:39 am

EquityChamp


Moderator
Moderator
@bullseye wrote:im happy i couls recover from parq.. i bought it at 65 then in couple of days it went down to 55 & no rise up from that day almost 3 months now.. 

yipee its coming back.. dear all whats the exit price please?

bullseye, your cost is achieved now its time to make profits. Remember my short term target is 70. Probably it may achieve today. GL

327SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Oct 23, 2015 6:44 am

Teller


Moderator
Moderator
Im waiting for the result. Last quarter also poor performance.

328SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Oct 23, 2015 6:48 am

EPS


Expert
Expert
PARQ can be report amazing earnings in comming week. Masive drop in Aluminium Raw prices in world market.

329SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Oct 23, 2015 6:53 am

EquityChamp


Moderator
Moderator
@Teller wrote:Im waiting for the result. Last quarter also poor performance.  

Nope. Last two quarters are best for this company. This quarter result will be very good. We can see in few days. Very Happy

330SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Oct 23, 2015 7:08 am

chamil1


Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:Im waiting for the result. Last quarter also poor performance.  

What sort of a quarterly EPS would you consider as a "Good" performance ?

331SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Oct 23, 2015 11:37 am

Bull Master


Senior Equity Analytic
Senior Equity Analytic
This should report EPS of above Rs2.0 and around Rs3.0 levels.This quarter will be  very good period for the company.

Now LALU is trading around Rs130 levels and PARQ should trade well above Rs 90 levels and 100 levels since PARQ is well diversified company than PARQ.

Happy trading.

332SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Oct 23, 2015 12:38 pm

Bull Master


Senior Equity Analytic
Senior Equity Analytic
Very large volumes observed after passing Rs 60 levels. This will surely hit all time high price level in very near future and then to achieve next  target prices.

333SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Mon Oct 26, 2015 9:09 am

Bull Master


Senior Equity Analytic
Senior Equity Analytic
PARQ is ready to break history high price very soon......

334SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Wed Oct 28, 2015 9:21 am

Bull Master


Senior Equity Analytic
Senior Equity Analytic
Can expect Sep results to come out this week.

335SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Wed Oct 28, 2015 9:23 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
But Foreign selling high that's why still share at this level otherwise it should above Rs.70/-

336SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Wed Oct 28, 2015 10:36 am

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Basketball   Basketball   Basketball   cheers   Basketball  Basketball  Basketball  

337SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Wed Oct 28, 2015 10:43 am

Bull Master


Senior Equity Analytic
Senior Equity Analytic
What the hell foreign selling? Just visit the annual report and see how many shares are held by foreigners. It's a very low amount.

That is not an issue here but a plus point to purchase this share to others at a low price levels.

338SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Mon Jan 04, 2016 10:26 am

Bull Master


Senior Equity Analytic
Senior Equity Analytic
Now is PARQ time friends....... Be ready guys.....

339SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Mon Jan 04, 2016 10:46 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Very Happy Very Happy

340SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Mon Jan 04, 2016 1:46 pm

Bull Master


Senior Equity Analytic
Senior Equity Analytic
PARQ will pass Rs70 in very short period of time. Super profits in Dec quarter 2016.

Super profits+ low liquidity+low Aluminum prices in world mkt+Directors buying will give PARQ a real boost for its share to touch Rs100 levels.

341SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Jan 05, 2016 1:59 pm

Bull Master


Senior Equity Analytic
Senior Equity Analytic
We are in the collection time. Just observe the pattern and u will witness a very good collection around these price levels as well.

342SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Jan 05, 2016 7:59 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Really Good

343SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Feb 02, 2016 1:38 pm

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics
@shadow walker wrote:
@k9 wrote:U mean 7.5
Already reported 5.29
Then according to ur thinkng Q4 eps should be
7.50-5.29=2.21
Thatcan not be happened  mr.marketwatch.lasy yr also 2.72.
This yr surely will report massive profit.

2013/14Q3=0.79   ~~~~~~~2014/15Q3=2.52(3 times)
2013/14Q4=2.72 ~~~~~~~~2014/15Q4=just think

share will hit 80 and then 100

you are 100% correct K9



14/15 Q1  EPS - 0.77
14/15 Q2  EPS - 2.01
14/15 Q3  EPS - 2.52
14/15 Q4  EPS - ?.??


Q to Q PARQ improve its PAT and REVENUE
so we can expect 14/15 Q4 EPS at least 3.00

At least annual EPS of 8.20

PARQ PE ratio is around 9

then 8.20*8.5 = 69.7

public holding is around 6M
then we can expect  75+ from PARQ in short term


Very Happy Very Happy

344SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Swisstek (Ceylon) PLC - A Growth Stock Fri Feb 12, 2016 7:51 am

EquityChamp

EquityChamp
Moderator
Moderator
Background
The company is specialised in manufacture and sale of Tile Mortar, Tile Grout, Skim Coat, Decorative Pebbles and Aluminium. With the change in management style and dynamics after the Lanka Walltile group is acquired by Vallible One the company has embarked on an aggressive expansion plan with the hope of gaining market share rapidly year by year.
Opportunities and Challenges
 The company see endless possibilities in the market for its growing product portfolio where the business volumes are expected to rise rapidly with the boom in construction sector.Further,  the re-introduction of solid wood flooring under the SWISSPARKETT brand name is expected to show future growth in this area of business as well.
Main threat will come through cheap imports after the proposed reduction of import taxes on imported tiles. However, though it is yet to quantify the impact on the sales of domestic tiles, the impact on the sales volumes of Swisstek product portfolio will be lesser as the direct impact is on tiles.
Performances
Revenue grew by 25% to reach Rs1, 857mn in FY2014/15 and PAT grew by 114% to reach Rs252 mn. Company recorded revenue of Rs1, 885mn for 9months ended 31st December 2015 with a PAT of Rs232mn for the same period. Company has generated a ROE of an impressive 23% for 9months ending 31st December 2015. Given the projected sales growth and profit margins it is expected that the company will achieve a revenue figure of Rs2, 585mn and a PAT of Rs310mn for FY2015/16(E) and consolidated revenue of Rs3, 408mn and a PAT of Rs409mn for FY2016/17(E).
The company is a fairly geared company with a total gearing ratio of 46% as at 31st December 2015 with most of the operating cash flows are using for future expansion drives. Hence the company has not declared any dividend for the past few years and will not be declaring any dividend for the next couple of years as well.
Valuation
Given the projected revenues and profits and with the current market price of Rs57.9, the share is trading at a forward PE of 5.1x (based on 2015/16 earnings) and a forward PE of 3.9x (based on 2016/17 earnings). If valued at a 50% discount the sector PE the stock could be valued at over Rs140/- by year 2017.
Recommendation
This is a growth stock and is a strong BUY at the current market price hence investors are advised to start collecting from the current depressed market and hold.
Thanks

345SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Sun Feb 14, 2016 11:48 am

Pac-man

Pac-man
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
isthutiii equity champ

346SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Sun Feb 14, 2016 12:34 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Manufacturering shares are growth stocks, it all depends how they grow there business. Specially shares like PARQ, RCL LWL TILE has managed to turnaround there business from break even point 5-6yrs ago to massive profit generating entities. RCL has expanded there business to Australia n Bangladesh I think. They have seriously target export market. Sri Lanka alone will not be enough for them to grow. If all synergies n attack the export market aggressively these will be massive shares in the future.

Keep eye on TJL Cind Apla Acl also

347SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Sun Feb 14, 2016 10:11 pm

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thank you Equitychamp

348SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Feb 26, 2016 7:10 am

EquityChamp

EquityChamp
Moderator
Moderator
Currently trading at a forward PE of 3.7x at Rs.55.10 which is massively undervalued compared to the industry valuations.

349SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 06, 2016 7:56 am

EquityChamp

EquityChamp
Moderator
Moderator
Just to remind you of how valuable this stock.

ASPI recorded a negative YTD growth of 4.6% so far this year but PARQ has recorded a positive YTD growth of 6% so far this year. PARQ has appreciated 19% since 26th February this year. This is how value stocks behave. Any investor can even buy this for 66/- even now and hold it confidently as a valuable asset. Can the investor feel same on HEXP, TESS, CHOU, CFLB, etc.

350SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 06, 2016 8:30 am

EquityChamp

EquityChamp
Moderator
Moderator
According to moving averages this is Strong BUY and according to technical indicators this is BUY.

351SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 06, 2016 8:38 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Thank you for highlighting this.
I lost my interest on this share many many years ago after they failed in parquet business after the initial success. Now only I came to know ,by reading your report, they are in other areas and under KDDP group.

352SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu May 26, 2016 2:57 pm

EquityChamp

EquityChamp
Moderator
Moderator
Strong support arround 67-69 can be seen even in this downward market. Surely and steadily in a long term upward curve.

353SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu May 26, 2016 10:17 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
EPS 10.6
NAV 56.5

Turnover increased 630M to 908M
Profit before tax increased 90M to 127M
Tax also increased 1M to 36M So profit after tax almost same.

Great going!!

354SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu May 26, 2016 11:24 pm

EquityChamp

EquityChamp
Moderator
Moderator
I forecasted a revenue of Rs2,585mn for the FY 15/16 and they reported Rs2690 and I forecasted a NPAT of Rs310mn for the FY 15/16 and they reported Rs323mn. You can check at the top of this thread. I can really smile on my numbers. Just see the bullishness of the stock chart. I am confident that they will easily meet my 2016/17 target as well.
SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Swisst10

355SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 14 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 10:02 am

pfxavier


Senior Equity Analytic
Senior Equity Analytic
EQChamp,

Why PARQ is going down today ?

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