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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Textured Jersey with GSP

Textured Jersey with GSP

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1Textured Jersey with GSP  Empty Textured Jersey with GSP Sun Sep 27, 2015 8:51 pm

ChateauC


Senior Equity Analytic
Senior Equity Analytic
TJL will run with help of Germany, better time to collect I got a news that leading billionaire is going to take everything will be sold in the future ...

2Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 1:45 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
If i remember correctly, about a month back Pacific hongkong and brandix announced that they will hold at least 51% for 5 years, in that case, how will they sell?

3Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 1:59 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
All lies, brandix will sell its stake.

4Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 2:00 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
My bad, brandix WONT sell its stake.

5Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 5:27 am

omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
At this point TJL is steadily   growing company, which Brandix will not sell. At least till company get to next level. Just before GSP + , they know it's going to be a good road ahead. 
I think it will be a great company and Brandix will not sell it for at least next few years.

6Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 8:23 am

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ChateauC just putting false news to promote this share. This company is a fundamental share where price will appreciate in mid term. GSP+ will carry this to 40

7Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 8:45 am

troy

troy
Moderator
Moderator
I dont think GSP is going to create a big difference to company's bottom line. TJL's productions were unique and even without GSP the demand for the same was there. Only + market sentiment will carry its price at this juncture.

8Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 8:50 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yeah true, in the short term after getting GSP+ won't impact TJL bottom line that much. In the long run they will integrate there Indian operation and expand there business due to excess demand created through GSP+. I totally agree with you that only market sentiment will carry its price at this juncture. it has reach its peak value of 32 under current financial performance.

9Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 12:35 pm

ChateauC


Senior Equity Analytic
Senior Equity Analytic
@jayathu If I am not mistaken Jayathu as a qualified CFA please give your perspective this as a mid term investment .

10Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 2:24 pm

piras

piras
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Brokers recommend to collect TJL

11Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 8:03 pm

AK_47


Stock Trader
brokers recommendations will not workout always my dear friend... i have enough experiences lol! lol! lol! ...

12Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 11:02 pm

Eng Krishantha

Eng Krishantha
Expert
Expert
We can’t expect sudden boost for TJL, But it will be going up gradually. But I haven’t collected at least one share at this time.


cheers cheers cheers

13Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 11:41 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
We can't expect sudden boost of this share. There current financial values says this is overvalued at the moment. But due to recent acquisitions there's a bit of a premium attach to this share.
it will take at least another 4 to 6 months to get GSP+. When we get that this share will reach 40 mark instantly.
@ChateauC Don't publish false news in this forum. I have some friends at brandix, they're fully committed to TJL project. Your news might be connected to Dian Gomez and some partners breakaway company which is acquiring some local companies to rival MAS n BRANDIX n hidramani.

14Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Mon Sep 28, 2015 11:45 pm

Eng Krishantha

Eng Krishantha
Expert
Expert
@jayathu wrote:We can't expect sudden boost of this share. There current financial values says this is overvalued at the moment. But due to recent acquisitions there's a bit of a premium attach to this share.
it will take at least another 4 to 6 months to get GSP+. When we get that this share will reach 40 mark instantly.
@ChateauC Don't publish false news in this forum. I have some friends at brandix, they're fully committed to TJL project. Your news might be connected to Dian Gomez and some partners breakaway company which is acquiring some local companies to rival MAS n BRANDIX n hidramani.

Great.

15Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Wed Sep 30, 2015 5:19 am

Udara Rangana

Udara Rangana
Equity Analytic
Equity Analytic
Outlook upgraded plus a possible safe haven from Rupee exposure: BUY
TJL’s bottom line for Q1 FY 16 grew 25.6% YoY to LKR 206mn resulting in an EPS of LKR 0.31 (BRS estimate – LKR 0.33). The net profit included one month consolidation of Quenby Lanka Prints (QLP). EBIT margin improved to 6.8% (Q1 FY 15 – 4.6%) despite a 41% YoY increase in admin expenses. Due to the capacity expansion and relatively stable cotton prices, the GP margin rose to 11.7% compared to 8.2% a year earlier. TJL achieved a 3.1% YoY growth in top line supported by demand for value added products along with the consolidation. TJL is also in the process of finalizing the Ocean India acquisition which would be reflected partly in Q2 FY 16E. Given the expansion and the protection the investment offers from a shaky LKR outlook, we have upgraded our view and target price to LKR 34.65 (+9% to CMP) increasing the target debt to 30%. The total return (including DPS of LKR 1.40) is at LKR 36 (+13.4% to CMP). We upgrade to BUY.
Textured Jersey with GSP  Image003-2
Top line growth driven by value added products
TJL recorded a top line growth of 3.1% in Q1 FY 16 to LKR 2.76bn aided by the QLP acquisition and growth in value added products. The 10% -12% capacity expansion during FY 2014 end, enabled TJL to cater to the increase in demand from top clients. Further, as mentioned previously, the consolidation of Ocean India in September ’15 would add another 50% capacity, benefitting the group in the medium to long term. We forecast net revenue growth of 30.8% YoY to LKR 17.89bn and 14.7% YoY to LKR 20.52bn in FY 2016E and FY 2017E respectively.
 
Dividend payout to improve despite acquisition capex
We have maintained dividend payout forecasts at ~68% during FY 2016E – FY 2018E, given the top management assurance of the same. During the quarter, TJL has borrowed LKR 1.4bn on short term to optimize cash flow management, increasing its cash balance to LKR 3.46bn. Hence, we believe the expected cash outflow in lieu of Ocean India acquisition (USD 7.5mn) would not hurt TJL’s dividend payout in the forecast period.
 
13.4% upside on total return, plus the shielding from a shaky outlook on the Rupee
We have upgraded our DCF based target price to LKR 34.65 and total return to LKR 36 as we have increased the target debt to 30%. As TJL is on a growth phase, we expect the company to take advantage of cheaper borrowings. On relative valuations, TJL is trading at a forward PER of 15.2x (FY 2016E – EPS LKR 2.09). We also believe TJL offers investors an attractive safe haven from a possible near term Rupee depreciation.
Read the full report by – BRS Equity Research

16Textured Jersey with GSP  Empty Re: Textured Jersey with GSP Thu Oct 01, 2015 11:16 am

krishna

krishna
Senior Equity Analytic
Senior Equity Analytic
https://www.cse.lk/cmt/upload_cse_announcements/7231443587671_.pdf

before buy ....we have to wait some period

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