Tokyo any idea?

capitallinkceylon · 1 Tokyo any idea? Tue Nov 17, 2015 8:29 am

capitallinkceylon

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http://www.economynext.com/Norway_sovereign_wealth_fund_buys_into_Sri_Lanka%E2%80%99s_Tokyo_Cement-3-3513-3.html

Big investor firm bought into the company. This share has been coming down recently from 52week high to 52week low.

I collected a bit at 47.50 and going to enter again if it hits 40-43 level. Is't wise to enter at that level.

Chinwi · 2 Re: Tokyo any idea? Tue Nov 17, 2015 10:24 am

Chinwi

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TKYO produce probably the best cement in SriLanka, satisfying all tests and specifications within allowable limits.
The demand and market never fail due to arrival of many kinds of low grade cements.

All the companies import cements should get the testing certification from govt and they produce good quality products for the testing. Then there is no guarantee or regular testing done for the consignments arriving under the given certificate or trade name.

Reputed companies like TKYO rarely or never import or produce low grades and they are keen to keep their image.
So big builders always looking and instructed to go for the best.
(This info is from personnel in a reputed testing service in Govt sector)

EPS this qtr is slightly low but I think this is a solid mid-long term portfolio builder. If the construction sector shrink further due to actions of NATO donkeys in national level management then it may see a gloomy period.

sheildskye · 3 Re: Tokyo any idea? Wed Nov 18, 2015 9:15 am

sheildskye

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A lot of people are coming from abroad finishing their ten year contracts to build their dream home, and establish businesses here! so, gloomy? I don't think so!