Telelr recommended at 28 .now morethan 50% appreciated.
They have Cash flow problem and debt financing ( may be low interest) but in turn return ratios are not good for me.
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
ErangaDS wrote:This has moved from 30s to 45+ very quickly & we might see going pass 50 next few days if ASI stays green.So far CIND have earned above Rs. 8.00 EPS(9mnths) , We can expect RS. 3.5-4 dividend this time(covid impact has to consider).
judecroos likes this post
cseguide, Ekanayake90 and RJ1010 like this post
Ekanayake90 and DKbogols like this post
Baba2020 dislikes this post
judecroos likes this post
CSE Trader likes this post
Cind super performance last quarterPromoney wrote:One of the 2021 budget targets is pipe-born water for all.. CIND should reach at least 120
judecroos likes this post
yes, the government intends to supply pipe-born water for all-around Sri Lanka by the end 2021. Good for Cind since the market leader in National pipe and fittings.DKbogols wrote:Stellar results by CIND for Q2 FY21 as seen in results just released today. 6.10/- EPS for Q2 vs 3.70/- last year!
Forecast EPS for FY21 is expected around 20/- and at Rs. 76/-, its currently trading below 4x PER and also below its PB value. Dividend yield also around 5%.
Budget next week will naturally support local manufacturing sector and players like CIND (makers of National PVC pipes and Electricals) will definitely benefit in future.
My 6-12 months target price for this is Rs. 140+ (with conservative EPS of 18/- x 8 PE multiple). Which is a near 100% upside to current MP.
Please note that this is not a BUY/SELL recommendation, just an individual analysis.
judecroos likes this post
judecroos likes this post
judecroos likes this post
ErangaDS and M S L DIAS like this post
President Gotabaya Rajapaksa |
Wickyz dislikes this post
judecroos likes this post
Yes this project will be a good news for all the pipe and fittings manufactures specially to CIND. As the QFR release nearing I hope CIND will give a Super QFR and suprise everyone. My prediction on CIND should reach above 170 with the QFR and the future project contracts. GLsubash81 wrote:Government started South Asia largest irrigation tunnel work and this is a huge news for CIND as of the main supplier of pipes, fittings etc
judecroos likes this post
ErangaDS wrote:
ErangaDS likes this post
judecroos likes this post
100% correct. It will rocket in very near future with positive news.Bakkabwoi wrote:CIND is highly underlooked stock... we should keep in touch with it..it will burst soon ..+/- split and div
Bakkabwoi likes this post
judecroos likes this post
Similar topics
Permissions in this forum:
You cannot reply to topics in this forum