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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » TYRE - Expert comments welcome

TYRE - Expert comments welcome

+2
RPPA
stocker
6 posters

Go down  Message [Page 1 of 1]

1TYRE - Expert comments welcome Empty TYRE - Expert comments welcome Wed Nov 12, 2014 12:51 pm

stocker

stocker
Manager - Equity Analytics
Manager - Equity Analytics

Dear Experts,

My broker asked me to buy Kelani Tyre. Any news? :D

2TYRE - Expert comments welcome Empty Re: TYRE - Expert comments welcome Wed Nov 12, 2014 1:12 pm

RPPA


Expert
Expert

stocker wrote:Dear Experts,

My broker asked me to buy Kelani Tyre. Any news? Very Happy

Results pending. Should be great. Very Happy Very Happy

PRICE bounce bounce bounce

3TYRE - Expert comments welcome Empty Re: TYRE - Expert comments welcome Wed Nov 12, 2014 1:14 pm

stocker

stocker
Manager - Equity Analytics
Manager - Equity Analytics

So what do you recomend?

4TYRE - Expert comments welcome Empty Re: TYRE - Expert comments welcome Wed Nov 12, 2014 1:14 pm

Balanced_Views


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

Rubber prices have come down, so TYRE should do well. Maybe will reach 84 levels

5TYRE - Expert comments welcome Empty KELANI TYRES PLC-Research Report 2014 Wed Nov 12, 2014 3:59 pm

CSE.SAS

CSE.SAS
Global Moderator

http://forum.srilankaequity.com/t37447-kelani-tyres-plc-research-report-2014

6TYRE - Expert comments welcome Empty Re: TYRE - Expert comments welcome Wed Nov 12, 2014 7:23 pm

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

http://www.cse.lk/cmt/upload_report_file/673_1415794366997.pdf

TYRE this result is through the JV performance. There is only a slight improvement in PAT for the 6 months versus last year(2 Mn reduction in loss) and the quarter PAT figures has deteriorated versus same period last year.

Also when it comes to JV, GP has come down by 72Mn. This improvement in bottom line (JV) is mainly due to reduction in finance cost from 38Mn to 4Mn, which is really surprising.

Borrowing details of the JV is not available in this report to make a direct comment, however their Non current liabilities has increased by 30Mn, in contrary to the reduction in Finance costs.

Also don't know whether that Finance Cost is a netted amount with some finance income or something(ie; reason for huge reduction in Finance Cost)

I don't know whether I am missing something here.  Question  Question

Correct me if I am wrong.

7TYRE - Expert comments welcome Empty Re: TYRE - Expert comments welcome Wed Nov 12, 2014 8:37 pm

schemer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

kiyanna tharam gathiyak ne neda tyre eke prathipala.
so short term run cannot be supported.

8TYRE - Expert comments welcome Empty Re: TYRE - Expert comments welcome Wed Nov 12, 2014 8:43 pm

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

schemer wrote:kiyanna tharam gathiyak ne neda tyre eke prathipala.
so short term run cannot be supported.

Exactly my point..core business income not showing much improvement

Not upto the expectations

9TYRE - Expert comments welcome Empty Re: TYRE - Expert comments welcome Sun Jan 04, 2015 7:05 am

RPPA


Expert
Expert

I valuation terms TYRE bit overvalued.

But i see something different in TYRE. Therefore lookout i expect TYRE to appreciate big in mid to long term specially when the rubber prices are at this low. Very Happy

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