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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Plantation rally not see

Plantation rally not see

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1Plantation rally not see  Empty Plantation rally not see Fri May 01, 2015 1:37 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
What do you think about this and in that which stocks Better to Hold Very Happy Very Happy Very Happy

2Plantation rally not see  Empty Re: Plantation rally not see Fri May 01, 2015 1:57 pm

VALUEPICK

VALUEPICK
Expert
Expert
TPL, UDPL, MPRH & HAPU

3Plantation rally not see  Empty Re: Plantation rally not see Sat May 02, 2015 9:31 am

VALUEPICK

VALUEPICK
Expert
Expert
We need to identify personalities of above stocks as well to generate above average capital gain. Different stock has different personality. Some stocks can have breakout strongly. Good luck!

4Plantation rally not see  Empty Re: Plantation rally not see Sat May 02, 2015 9:51 am

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
the tea broker shares ASIY and CTBL are very atractive because healthy dividends are due.TPL surprisingly didint give the dividend yet.hopefully they'll give after financials

5Plantation rally not see  Empty Re: Plantation rally not see Sat May 02, 2015 11:35 am

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics
in the beginning of a bull run Financial sector lead the market..
now its happening VFIN , COCR started their journey..

financial sector rally will lead ASI to 8000

6Plantation rally not see  Empty Re: Plantation rally not see Sat May 02, 2015 11:37 am

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics
@VALUEPICK wrote:We need to identify personalities of above stocks as well to generate above average capital gain. Different stock has different personality. Some stocks can have breakout strongly. Good luck!

cheers cheers

7Plantation rally not see  Empty Re: Plantation rally not see Sat May 02, 2015 2:46 pm

VALUEPICK

VALUEPICK
Expert
Expert
Currently UDPL, TPL, BOPL and MPRH are in higher ROE category among plantations. They are also in the lower P/E ratio category.

8Plantation rally not see  Empty Re: Plantation rally not see Sat May 02, 2015 11:17 pm

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics
@VALUEPICK wrote:Currently UDPL, TPL, BOPL and MPRH are in higher ROE category among plantations. They are also in the lower P/E ratio category.

but they are not that much active

9Plantation rally not see  Empty Re: Plantation rally not see Tue May 05, 2015 1:24 am

Teller

Teller
Moderator
Moderator
There is no chance for plantation sector at the moment but palm oil producers can be winners in coming periods. We cant expect any thing from rubber till oil prices climb till a certain level.


_________________




Teller said is said..

10Plantation rally not see  Empty Re: Plantation rally not see Sat Jul 25, 2015 1:10 pm

VALUEPICK

VALUEPICK
Expert
Expert
After sometimes we are seeing some sort of increased activity in plantation stocks. Recently we saw sudden rally in KGAL and WATA. TPL also had very steady run due to their strong management and strong performance among plantations companies. It is time to identity next winners in this sector.
 
I don’t know why some high quality tea producers want to diversity their crops? According to annual report even Bogawantalawa plantations (BOPL) is also into Palm oil.  
 
Iran factor and the USA factor will benefit high quality tea producers in Sri-Lanka.
 
Following are some old stories but can get some ideas.
 
http://www.ft.lk/article/11031/Watawala--Bogawantalawa-win-National-Business-Excellence-Awards-2010
 
The Planters Association of Ceylon (PA) yesterday announced that Regional Plantation Companies (RPCs) were proving their competence at national level.
Plantation rally not see  C:\Users\LAXANA\AppData\Local\Temp\msohtml1\01\clip_image001
CEO of Bogawantalawa Tea Estates Sarath Fernando (centre) receiving the runner up award in the ‘Agriculture and Plantations’ category
Plantation rally not see  C:\Users\LAXANA\AppData\Local\Temp\msohtml1\01\clip_image002
CEO of Watawala Plantations Dr. Dan Seevaratnam (right) receiving the National Business Excellence award in the ‘Agriculture and Plantations’ category
This year, two plantation companies – Watawala Plantations Plc and Bogawantalawa Tea Estates – emerged winners at the National Business Excellence Awards of the National Chamber of Commerce. These awards, presented under stringent and independent evaluations, are proof of the growth in competitiveness of plantation companies, said the PA.

Watawala Plantations wins with people power

Watawala Plantations Plc, the manufacturers of Zesta and Watawala Kahata brands of tea, won the National Business Excellence Award in the ‘Agriculture and Plantations’ category. Speaking about its award, the plantation company said its achievement was due to people power.

Watawala Plantations manages 20 estates with tea, rubber, oil palm and dendro forestry. The company also operates 15 tea factories, two rubber factories and an oil palm mill and refinery. In addition, Watawala Plantations also employs a workforce of 14,000 people.

“We have a very strong people focus and I believe this was our greatest strength in winning the award. At Watawala Plantations, we are not in the tea business serving people but in the people’s business serving tea,” said Dr. Dan Seevaratnam, CEO of Watawala Plantations.

“In acknowledgement that our workforce is our greatest asset, we refer to our employees as associates. All associates in the company, whether at field level or corporate level, are exposed heavily to coaching and development. We also have pre-defined performance criteria for each associate that are linked to rewards. This concept directly contributes to our financial and business performance,” explained Dr. Seevaratnam.

The RPC which manages one of the most modern and eco friendly tea factories in the world is also strong on technology adaptation. Watawala Plantations’ Waltrim Tea Factory, in Lindula, has already made a name as one of the best tea factories in the world.

“Waltrim is designed on an energy conservation model. It uses natural draughts of air for withering and natural light instead of artificial lighting. We have also introduced modern technology and conveyerised much of the production process,” said Dr. Seevaratnam.
The plantation company’s main tea brands, Zesta and Watawala Kahata, are performing well overseas with strong presence in Australia and New Zealand. To further develop international markets Watawala Plantations has invested strongly in food safety and quality certifications that are vital for food exports into western markets. The factories are also recognised by the Fair Trade movement and the Ethical Tea Partnership, ensuring not just quality of manufacturing but also manufacturing ethics.

With its sustainability focus the RPC is also looking to expand its forestry management programme to become self- sufficient in fuel wood for its tea manufacturing operations. This move is expected to not only benefit the company but also support the environment by increasing forest cover and employees by providing additional income sources through fuel wood harvesting.
“At present we have 500 hectares of managed forest where we have cultivated calliandra, which is a short rotation crop. We plan on extending this coverage to 800 hectares, to become self -sufficient in fuel wood by 2015,” said Dr. Seevaratnam.

Watawala Plantations produces high, mid and low grown tea and also rubber and palm oil. In recent years the company has diversified in to cinnamon and dragon fruit cultivation. Watawala Plantations is also the first plantation company in Sri Lanka to commission its own oil palm refinery to produce edible palm oil. This is the freshest edible oil in the local market, says the company.

“We are looking at expanding the present 3,000 hectares of oil palm by another 1,000 hectares over the next few years. We feel oil palm is a good investment as it is in demand not only by the edible oil market but also by the cosmetics industry. The oil palm crop is also the most efficient oil producer per hectare, yielding 4,200 litres of oil per hectare compared to the mere 700 litres per hectare from coconut oil,” said Dr. Seevaratnam.

With many more growth plans laid out for the future Watawala Plantations says “proud of yesterday, we build for tomorrow with people power.”

Bogawantalawa growing in the west

A second plantation company also made a mark at this year’s National Business Excellence Awards. Bogawantalawa Tea Estates become a runner up in the ‘Agriculture and Plantations’ category at the national awards.

The plantation company from the ‘golden valley’ has also achieved international recognition. Bogawantalawa Tea Estates has been selected to provide its golden brew for the prestigious invitees of the Nobel Nightcap party this December, at the Stockholm School of Economics.
The Nobel Nightcap party, which follows the Nobel Prize awards, was inaugurated in 1978. This year the party theme will be ‘fairy tales.’ Bogawantalawa Tea Estates will be among the few select brands, from all over the world, present at this event.

“We have been selected as the official supplier of tea for the Nobel Nightcap event on December 10th, 2010. The company will showcase and distribute specially developed packs of tea at this function,” said Sarath Fernando, CEO of Bogawantalawa Tea Estates.

The National Business Excellence Awards too recognised Bogawantalawa Tea Estates’ competence in international markets. “When analysing the marketing initiatives taken by the company, we can be proud and happy that we are the biggest supplier of Pure Ceylon Tea to the US market. For Europe we are the biggest supplier of private label teas and in Japan we are number one in own brand,” said Fernando.

“We have invested strongly in modernising our manufacturing facilities and in quality certifications. We are certified at the most stringent level, including Social Accountability, Fair Trade and Ethical Tea Partnership certifications. This has helped us enter Japanese, European and US markets,” he added.

The plantation company that manages 14 estates, 12 tea factories and a state of the art tea packaging facility, is the first Sri Lankan tea manufacturer to break into the Dutch market with Fair Trade labelled teas. The company also exports Ceylon Tea under a number of private labels to Holland and other European markets.  Ceylon Tea has penetrated the American market, through the biggest beverage brand in the US, with Bogawantalawa tea. In Japan, the company has a presence under the ‘Ceylon Tea Gardens’ brand name and the ‘My Tea’ brand name. Bogawantalawa Tea Estates says further export market growth can be expected over the next few years.

“Our aim is to be the most preferred private label supplier to European and Scandinavian markets. We also expect further growth in Fair Trade tea demand in Europe. In the US too, we expect demand to grow. In addition, we are looking at expansion in Asian countries like China,” said Fernando.

To ensure quality of its tea, Bogawantalawa Tea Estates has invested consistently in replanting and infilling and has provided extensive training and development for its 12,000 workforce. The company has also invested in sustainable forestry management for timber and fuel wood supplies.

To maximise on its potential, the tea manufacturer has diversified into the non-traditional area of tourism.

The company says its tourism initiative, Tea Trails, has been extremely successful and more such products are in the pipeline.

“Our current tourism product, Tea Trails, is a high end tourism product.
It is recognised among the top 10 tourism products in the world. At the moment we are discussing a new tourism product as well,” said Fernando.

Through their performance, Watawala Plantations and Bogawantalawa Tea Estates, have indicated the potential, not just locally but internationally, of Sri Lanka’s plantation companies, said the Planters’ Association. With the continued support of government and other stakeholders plantation companies have the potential of becoming greater contributors to the future growth of Sri Lanka’s economy, said the Planters Association.

11Plantation rally not see  Empty Re: Plantation rally not see Sun Jul 26, 2015 11:51 am

TraderCSE


Manager - Equity Analytics
Manager - Equity Analytics
Dear VP

Agalawatta Plantation (AGAL) has lost almost 35% of its NAV during last 12 months from Mar 2014 to Mar 2015 from 46.67 to 30.53.

Basic Loss per share for last quarter is 10.85. This is very huge loss.

Will AGAL go bankrupt if this trend continue for next two quarters???

12Plantation rally not see  Empty Re: Plantation rally not see Sun Jul 26, 2015 1:42 pm

VALUEPICK

VALUEPICK
Expert
Expert
@TraderCSE wrote:Dear VP

Agalawatta Plantation (AGAL) has lost almost 35% of its NAV during last 12 months from Mar 2014 to Mar 2015 from 46.67 to 30.53.

Basic Loss per share for last quarter is 10.85. This is very huge loss.

Will AGAL go bankrupt if this trend continue for next two quarters???
We cannot measure performances of a company by looking at one or few quarter results. If it continually going to make losses during next five years to 10 years then we should think about replacing it with another attractive one. In the same sectors there can be better managed companies having positive future outlook. We have to do home  work continuously to find out winners in the market. I haven’t done any study on this company recently and I had some shares in this company in the past. It has affected from lower rubber prices. However we need to study their tea and palm oil market outlook and diversification programs etc before we come to some conclusion. Further, this stock can have momentum rally suddenly.
 
New development in the tea sector.
 
Tea Board (SLTB) Beijing office opened this month giving a support to its black tea exports. 
 
Low interest rate for tea companies if I am correct at a rate of around 2% (New circular is expected this week granting a subsidy on interest for up to Rs.12 billion in capital loans). I saw somewhere on a website , a circular on the granting of working capital infusion of loans of a total of up to Rs.12 billion with a two per cent interest subsidy borne by the Treasury was likely to be made this week.

13Plantation rally not see  Empty Re: Plantation rally not see Sun Jul 26, 2015 7:33 pm

TraderCSE


Manager - Equity Analytics
Manager - Equity Analytics
Thanks VP for your valuable reply. I'm having some shares in AGAL that's why I post it.

Anyway, I think there will be better future for plantation sector and AGAL will also can survive at least.  

Hope this 2% loan scheme for tea companies will not only be an election promise.

14Plantation rally not see  Empty Re: Plantation rally not see Tue Jul 28, 2015 9:09 am

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
Facebook Page : https://www.facebook.com/InformedIntelligentInvesting


Web Page:  http://www.lankabusinessonline.com/sri-lankas-carson-says-palm-oil-market-seems-promising-despite-crude-oil-price-drop/


July 28, 2015 (LBO) – The Palm oil industry looks promising and demand should grow in future despite the price drop of crude oil and maturing trees, according to Sri Lanka’s Carson Cumberbatch group with plantations in Malaysia and Indonesia.


However in spite of positive expectations, Carson’s palm oil prices experienced much volatility during the first half of the financial year 14/15, trading below par, driven by factors such as; lower soy oil prices led by bumper soya bean crop, strong production growth in sunflower oil and the decline in global crude oil prices which affects CPO prices mainly due to the impact on the demand for palm oil based bio diesel.


Carson’s head says, plants maturing in the future will help the company to boost sales.


“Considering the maturity profile of our plantations, where a significant portion will only reach maturity in the upcoming years, the future appears to be promising.” Tilak de Zoysa, chairman of Carson Cumberbatch PLC, told shareholders in 2014/2015 company annual report.


“However factors such as low CPO trading prices, adverse weather conditions and an unfavorable movement in exchange rates could have a negative impact on sector performance.”


About 22.4 percent of the company’s plants are in immature stage which is below four years while 25.7 percent plants are young (4-6 years). 33 percent OF plantS are in peak production age and about 18.9 percent plants are above 12 years.


Oil palm trees have an average life of 22 years, with the first three years as immature and remaining years as mature.


Carson has oil palm plantation spread across 68,099 hectares in Indonesia and 1,387 hectares in Malaysia.
The Group’s plantation business has also developed new land areas, during the financial year concluded in March 2015 and stood approximately 3,700 hectares, in different operating locations in Indonesia.
 
Nevertheless, the report shows that Carson’s oil palms sector net profit was down 40.7 percent to 3.1 billion rupees during the twelve months under consideration, as against a profit of 5.3 billion recorded during the previous financial year.


The loss was made partly due to foreign exchange losses raised due to the depreciation of the Indonesian Rupiah and change in fair value of biological assets.
Carson’s palm oil production for the year increased by 33,243 MT to 234,270 MT on the back of higher Fresh Fruit Bunches (FFB) volumes produced during the period.


The group’s palm oil business is handled by Good Hope, a subsidiary of Carson.


In a separate release, Good Hope says that it expects the cropping pattern to recover in the coming year as majority of the Company’s plantations are still within the peak production period.


“We expect the Palm Oil prices to trade at around current levels and stabilize towards the end of the year, in line with forecasts made by industry analysts,”
“We have also been able to manage the cost of production through stringent cost management initiatives and through focus on improving the field management practices.” Good Hope said.

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