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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Good News for Tile and Construction Industry

Good News for Tile and Construction Industry

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ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Lower loan costs, higher incomes boost Sri Lanka housing market
http://www.economynext.com/

Sri Lanka’s rising income levels and lower borrowing costs will help boost the residential housing sector, seen as the next driver of the construction industry, a new research report said.
The residential housing market is set to grow at a compounded average growth rate of 8.5% over the next five years, said Kanishka Perera, Head of Research of brokerage Asia Securities.
“We believe the residential sector will be the next driver of the construction industry,” he told a forum where the findings of their report ‘Sri Lanka Construction Sector: Transitioning from Infrastructure to Residential’ were presented.
Lower borrowing costs were driving housing affordability with interest on home loans falling to 9% now from 17% in 2007 although total building costs have increased along with loan amounts.

Market Repercussion - This is a positive outlook for Tile sector and Construction sector which is in bearish sentiments. I personally feel these sectors would record impressive results in this quarter and coming quarters. Specially Tile sector companies are trailing well below the NAV.

Happy Investments

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Competition Tribunal for dealing with monopolies

This is to deal with tile & aluminum monopoly by DP

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi Guys,

As expected RCL has doubled its earnings for the six months to Rs 11.12 per share.

Annualized EPS - Rs 22/- per share.

Hence it is obvious that how much undervalued this counter. Further it was collected heavily on today's trading if I am not mistaken. Same as other Tile companies. Most of them are trading well below their NAV. I expect a higher DY in this sector.

Ravi K's actions to break the monopoly through tribunal is joke it seems. AS per him Tiles to be imported to minimize this. Currently this tactic is not practical as we all know considering the heavy exchange rate burden. Further pressure would depreciate the rupee which economically unhealthy for our country in this situation. DP's tile companies mainly export and sells locally as well. Hence it would have double impact. Just for the sake of political agendas penalizing entrepreneurs is a pathetic situation. 

Anyway Maktiles have broken the monopoly by DP which is owned by Multilac. Further Midaya Ceramics is also contributing a significant portion for the market.


Happy Investments

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I wonder why EPF Selling RCL (not confirmed) .. They may sense something ?? Or its a stupid action by EPF As they always do.

EquityChamp

EquityChamp
Moderator
Moderator
EPF is shifting their portfolio towards JKH. JKH is expected to benefit immensely in post-budget era. We are eying on the developments.

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Market Repercussion - This is a positive outlook for Tile sector and Construction sector which is in bearish sentiments. I personally feel these sectors would record impressive results in this quarter and coming quarters. Specially Tile sector companies are trailing well below the NAV.


_________________________
Dear ONTHEMONEY,
we should wait until the BUDGET proposal, no...?

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