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

SWISSTEK (CEYLON) PLC (PARQ.N0000)

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341SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 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 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Jan 05, 2016 7:59 pm

fireshelter


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

343SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Feb 02, 2016 1:38 pm

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 15 Empty Swisstek (Ceylon) PLC - A Growth Stock Fri Feb 12, 2016 7:51 am

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

Pac-man


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

346SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 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 15 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 15 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 15 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 15 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 15 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 15 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 15 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 15 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 15 Swisst10

355SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 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 ?

356SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 11:12 am

EquityChamp

EquityChamp
Moderator
Moderator
Its overall market sentiment. Hold on to your valuable assets.

357SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 12:32 pm

pfxavier


Senior Equity Analytic
Senior Equity Analytic
Thanks, Do you advice me to buy and average this stock ?

358SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 12:33 pm

EquityChamp

EquityChamp
Moderator
Moderator
What is your cost?

359SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 12:49 pm

VALUEPICK

VALUEPICK
Expert
Expert
If we can study personality of this stock we should be able to identify some profitable opportunities. On the other hand, value investors can stay with their value. In addition, when compare with other stocks, it has traded actively in both weak and strong market.

360SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 7:47 pm

pfxavier


Senior Equity Analytic
Senior Equity Analytic
Thanks for the input of EC and Valuepick. my cost is 65/=

361SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 7:49 pm

pfxavier


Senior Equity Analytic
Senior Equity Analytic
Initially my cost was around 52/= and exit at 63/=. Then I bought again at 65/= .

362SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 7:52 pm

EquityChamp

EquityChamp
Moderator
Moderator
You should try to average when it reaches a lower price than your cost. You can hold this stock as its long term direction is very bullish. If it comes to 60 levels then its good to average.

363SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 10:44 pm

pfxavier


Senior Equity Analytic
Senior Equity Analytic
Thanks EC

364SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Sat May 28, 2016 3:06 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
PARQ is unique and leader in sector.It performed well even other competitors making loss.No need to worry about short term price fluctuations.This is still undervalued share.This cannot be compared with some artificialy promoted shares.Good shares will survive when price correction comes.

365SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu Jul 28, 2016 11:47 pm

EquityChamp

EquityChamp
Moderator
Moderator
Here comes the 1st quarter of 16/17. A profit of 79mn with a YoY growth of 173%. Phew...

366SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu Jul 28, 2016 11:53 pm

hiransilva23


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Meket run ekak tiyei wage.EC meke kochchara witara reatil market eke tiyanawada??

367SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu Jul 28, 2016 11:57 pm

EquityChamp

EquityChamp
Moderator
Moderator
About 4mn shares . Anyway its a liquid counter.

368SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Jul 29, 2016 7:07 am

EquityChamp

EquityChamp
Moderator
Moderator
I can see the signs for another up move in coming days.
SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Swisst10

369SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Sep 16, 2016 5:55 pm

EquityChamp

EquityChamp
Moderator
Moderator
From 60+ levels now 70+. If a stock moves like this pace and strong specially in a bearish market sentiment then that means there is really something special behind that stock. Keep your hopes. The shares I analysed never failed to yield results.

Good luck.

370SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Sep 16, 2016 8:37 pm

trader7


Manager - Equity Analytics
Manager - Equity Analytics
great potential, possible rs. 140+ next year.

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