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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » GLASS??????

GLASS??????

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1GLASS?????? Empty GLASS?????? Thu Dec 18, 2014 10:06 am

NadeeR


Equity Analytic
Equity Analytic
I have some GLASS bought at 4.65. It's Rs. 5 today. Can someone advice, is it good to sell it out now or keep?

2GLASS?????? Empty Re: GLASS?????? Fri Dec 19, 2014 12:23 pm

suranga.oshadi


Stock Analytic
Stock Analytic
I also have some stock IN GLASS . what do you think about RHL N.

3GLASS?????? Empty Re: GLASS?????? Fri Dec 19, 2014 9:21 pm

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@NadeeR wrote:I have some GLASS bought at 4.65. It's Rs. 5 today. Can someone advice, is it good to sell it out now or keep?

GLAS expected annualized EPS for FY 2014/2015= 0.36
Trailing PER= 13.6
Trailing PBV= 1.36

with Sector PER of 20.8
Price= 7.50 Rs

if we go with fair PER of 15
Price=5.40 Rs

Technically, RSI= 60, MACD is crossing above the 9 EMA and its in accumulation phase. if GLAS can break 5.40 with significant force it might be pushed to 6.50 level.

If you look it as a business, GLAS is currently holding monopoly in glass manufacturing, but its domestic revenue was affected due to import of glass products as well as defect its plant at Horana. by now, plant is back to 100% operation. furthermore, they were enjoying tax exception for 5 years and it ended in 2012. after that, they were liable to pay 10% and 20% tax on the taxable income derived from other sources excluding from manufacturing operations for next 2 years and after two years respectively.

Glass manufacturing is heavy electricity consuming process. therefore, reduction of electricity cost by 15% to industry will reflect in coming financial reports. if you look at GLAS as an investment, its a good 2-3 year choice which might generate 100% profit. meanwhile it is a good dividend yielding counter with DY 7.5%.

this is not a buy/sell recommendation. if i am you, i will hold to GLAS for few weeks at least.


4GLASS?????? Empty Re: GLASS?????? Sat Dec 20, 2014 7:36 am

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Agreed.Quarterly results will be more encouraging.Reduction of bank loans will bring affect the bottom line in a positive manner.

5GLASS?????? Empty Re: GLASS?????? Mon Dec 22, 2014 10:34 am

NadeeR


Equity Analytic
Equity Analytic
Thanks a lot xmart and soileconomy,, Smile

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