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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ABANS ELECTRICALS PLC (ABAN.N0000)

ABANS ELECTRICALS PLC (ABAN.N0000)

+24
sakuni
samansilva
rukshan1234
abey
Eranga87
ThilinaM
bhanu
venura
MarketResearch
Teller
NZ BOY
NANDANA2012
KavinduTM
target1
Beta1
Ok One
Yahapalanaya
Pac-man
nimantha80
charith666lk
hotstock
A+
surprise
EquityChamp
28 posters

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1ABANS ELECTRICALS PLC (ABAN.N0000) Empty ABANS ELECTRICALS PLC (ABAN.N0000) Mon Feb 15, 2016 11:12 pm

EquityChamp

EquityChamp
Moderator
Moderator
Abans Electricals PLC is engaged in the manufacturing and assembling of household electric and electronic appliances. The Company is also engaged in providing repair and maintenance services. The Company operates through two segments: Manufacturing and Services. The Manufacturing segment is engaged in the manufacturing and assembling of LG washing machines, refrigerators, cookers, freezers, air conditioners and solar photovoltaic (PV) system installation. The Services segment is engaged in installation, repair and maintenance, including after sales services, of electrical and household appliances sold by Abans PLC. The Company is providing services for a range of brands, including LG, Haier, Media, Philips, Electrolux, Mitsubishi and Hoover. The Company has approximately 15 regional service centers. The Company's parent entity is Abans PLC.

Background
The company is a dominant home appliances manufacturer in Sri Lanka including refrigerators, washing machines, air conditioners and with newly introduced solar electricity systems. Also it has the franchise rights for some of the world renowned brand names such as LG.

Company Performance
The company's revenue is highly correlated to consumer spending power and the condition of the economy in the year of operation hence we could see a volatile revenue pattern for the last five years. However company has managed to maintain its PAT margin around 3% to 4% for the last few years. For the nine months ended 31st December company has recorded a pat margin above 4% with a PAT of Rs109mn helped by 49% revenue growth YoY. Q3 2015/16 performance are such that the company is in a great position to record its highest revenue and NPAT during their past ten year period.

Opportunities & Challenges
The budget 2016 has proposed to reduce imported taxes on home appliances with an aim to make Sri Lanka a shopping paradise similar to Singapore and this initiative will impact positively to the company in terms of higher revenue and better margins. However the company require a consistent exchange rate to keep from falling their margins while consumer spending on home appliances will be the key in achieving growth in volumes.   

Valuations
Given the robust performance of the company during the 9months ended 31st December 2015, we could expect a NPAT of over Rs140mn for the year 2015/16 which translate into a forward PE multiple of 4.2x with a PBV ratio of 0.7x at a market price of Rs114. If the stock to trade at a 50% discount to sector together with high demand due to very much illiquid nature of the stock the stock could be valued over Rs240 in near term.

Recommendation
It is recommended strongly to start accumulate this stock considering its value and the discount prices available in the market.

Thanks

2ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Fri Feb 26, 2016 6:59 am

EquityChamp

EquityChamp
Moderator
Moderator
Still trading at a forward PE of 4.2 and less than the book value. A massively undervalued stock still.

3ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Wed Mar 16, 2016 1:51 pm

EquityChamp

EquityChamp
Moderator
Moderator
Just look at how strong the stock is. Came down from 114 and again came up to that level. It drops to 97 as well in last week.

4ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Wed Mar 16, 2016 11:36 pm

surprise


Senior Equity Analytic
Senior Equity Analytic
ha

5ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Thu Mar 17, 2016 5:15 am

A+


Manager - Equity Analytics
Manager - Equity Analytics
Abans is a valuable stock. It should trade at a premium price because of its illiquidity above its fundamental value. Also when market is on the rise these kind of shares will be on hot demand.

6ABANS ELECTRICALS PLC (ABAN.N0000) Empty ABAN (Abans Electricals Plc) Mon Apr 04, 2016 10:54 pm

hotstock


Manager - Equity Analytics
Manager - Equity Analytics
Technical looks bullish (MACD -1.81, Signal -2.72), RSI 56.29 (As at date), NAVPS 150+ and the current price is 112/=

[Not a buy or sell recommendation but I pick and share information to get some expert views]

7ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Tue Apr 05, 2016 5:32 am

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thnx hotstock.

8ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Tue Apr 05, 2016 2:32 pm

EquityChamp

EquityChamp
Moderator
Moderator
Abans carries an intrinsic value of over Rs200/-. If you can hold a gem like stock to buy and keep.

9ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Thu Apr 07, 2016 12:44 pm

EquityChamp

EquityChamp
Moderator
Moderator
A counter strongly into a bull run. Watch closely.

10ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Wed Apr 20, 2016 1:58 pm

EquityChamp

EquityChamp
Moderator
Moderator
This is what value base investment is all about. The true art of it even if the stock price gone down by 50% we still know it will bounce back since the asset is valuable.

11ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Wed Apr 20, 2016 2:11 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Not much sellers.seems some order matching.

12ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Wed Apr 20, 2016 5:26 pm

Pac-man

Pac-man
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
okkoma wikunala mfl, hexp, aluf, tess walata bahinna

13ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Wed Apr 20, 2016 5:35 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Pac-man wrote:okkoma wikunala mfl, hexp, aluf, tess walata bahinna
You were telling to sell when market was down.You said bye bye to CSE.

Now you want everyone to buy..

Ohoma yang...

Very Happy Very Happy Very Happy

14ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Wed Apr 20, 2016 9:57 pm

Ok One


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Yahapalanaya wrote:
@Pac-man wrote:okkoma wikunala mfl, hexp, aluf, tess walata bahinna
You were telling to sell when market was down.You said bye bye to CSE.

Now you want everyone to buy..

Ohoma yang...

Very Happy Very Happy Very Happy
Very Happy Very Happy Very Happy
Ohoma yang Smile Smile Smile

15ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Wed Apr 27, 2016 10:02 am

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
much deserved run happening.

16ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Fri May 13, 2016 12:49 pm

EquityChamp

EquityChamp
Moderator
Moderator
From 97/- to 140/- within two months. Remember this carries an intrinsic value in excess of 200.

17ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Thu May 19, 2016 1:20 pm

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
compare to REG share , ABAN is discounted now..

18ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Wed Jun 01, 2016 5:04 am

EquityChamp

EquityChamp
Moderator
Moderator
My forecast on February for ABAN has been Rs140mn and here they generate Rs136mn, only 4 mn less. That is too because 4th quarter gross margins are lower than expected. Had that been as per the past then they can easily surpass my target. Not bad my estimates isn't it.. Very Happy

19ABANS ELECTRICALS PLC (ABAN.N0000) Empty ABAN - Abans electricals PLC Thu Oct 31, 2019 10:17 am

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
after long time good result. Quarter EPS more than 8. very il-liquid share. last few years trading above 100. keep at least small qty in your portfolio.

20ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Thu Oct 31, 2019 11:43 am

target1


Senior Equity Analytic
Senior Equity Analytic
Q2 eps: 8.79

21ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Fri Nov 29, 2019 10:37 am

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
NAV Rs. 233
 6 month EPS Rs. 11.30
Revenue growth quarter on quarter.
With tax reduction this quarter shows good result
Keep your eye on this share

22ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Fri Nov 29, 2019 10:38 am

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
NAV Rs. 233
 6 month EPS Rs. 11.30
Revenue growth quarter on quarter.
With tax reduction this quarter shows good result
Keep your eye on this share

23ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Fri Nov 29, 2019 7:52 pm

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yeah that's interesting..Thanks for the info Very Happy

24ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Tue Dec 03, 2019 11:58 am

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Now 97

25ABANS ELECTRICALS PLC (ABAN.N0000) Empty Re: ABANS ELECTRICALS PLC (ABAN.N0000) Tue Dec 03, 2019 12:14 pm

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Beta1 wrote:NAV Rs. 233
 6 month EPS Rs. 11.30
Revenue growth quarter on quarter.
With tax reduction this quarter shows good result
Keep your eye on this share

104.00 Laughing Laughing Laughing Laughing Laughing

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