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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » DIPPED PRODUCTS PLC (DIPD.N0000)

DIPPED PRODUCTS PLC (DIPD.N0000)

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88 posters

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1DIPPED PRODUCTS PLC (DIPD.N0000) Empty DIPPED PRODUCTS PLC (DIPD.N0000) Thu Oct 29, 2015 11:52 am

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dipped Products PLC (DPL) is a Sri Lanka-based rubber glove manufacturer. The Company's principal business include manufacture and marketing of industrial and general purpose gloves, management of tea and rubber plantations. The Company's segments include Hand Protection and Plantations.

I bought just now at 137 but its seems like bit of selling pressure is there at 136. Should i hold onto this or sell it at going price and cut my losses???
Will qtr report show some relief to this share??

2DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Thu Oct 29, 2015 8:44 pm

spw19721

spw19721
Equity Analytic
Equity Analytic
I too bought @ 138.50.why this is going down?experts please share your views.

3DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Fri Oct 30, 2015 7:46 am

fulltilt


Senior Equity Analytic
Senior Equity Analytic
The Dipd counter is not a bad one. In the long term it will appreciate. If you have the holding power then keep the share for 6 it will appreciate. I will go down maybe max 135. 30 sep results won't be the Best but dec onwards it will pick up. There is not enough demand at the moment for this counter as there are other stocks one can invest that will generate short term gains. That's also a main reason this share not to trade heavily and price stagnant.

4DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Fri Oct 30, 2015 5:16 pm

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
disappointing results from DIPPED!!!

5DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Sat Oct 31, 2015 12:41 am

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
should go down further with the current trend ! try to average it or sell now buy at a cheaper price ! this my idea do your own research

6DIPPED PRODUCTS PLC (DIPD.N0000) Empty Dipped Products Sept net down Sat Oct 31, 2015 6:25 pm

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Sri Lanka’s Dipped Products Sept net down 92%


Sri Lankan rubber gloves manufacturer Dipped Products group said net profit for the September 2015 quarter fell 92 percent to 23 million rupees from a year ago as revenue fell and plantations made a loss. 

A stock exchange filing said group sales for the quarter fell 16 percent to 5.3 billion rupees from the year before.

Earnings per share for the quarter fell to 38 cents from 4.93 rupees the year before. EPS for the six months ended 30 September 2015 fell to 2.57 rupees from 8.79 rupees the year before.

Interim accounts showed sales fell in the firm’s gloves and plantations businesses with profits from gloves falling by more than half and plantations slipping into a loss of 32 million rupees.

Dipped Products said in a statement its plantations business suffered losses of 117 million rupees in the six months period. 

“The plantation sector was impacted by lower prices both in rubber and tea,” said the company which claims a five percent share of the global non-medical rubber glove market.

http://slbiznews.blogspot.com/2015/10/sri-lankas-dipped-products-sept-net.html

7DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Tue Nov 03, 2015 9:44 am

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Dipped had a bad time.. Price went down even below Net Asset Value.. 

8DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Tue Nov 03, 2015 10:00 am

samaritan


Moderator
Moderator
Dipped Products profit has dipped.DIPPED PRODUCTS PLC (DIPD.N0000) Icon_cry


_________________




The biggest risk in life is not taking any risk at all.

9DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Wed Feb 10, 2016 1:42 pm

Udith Fonseka


Equity Analytic
Equity Analytic
does anyone know why dipped's glove profits are down so much?

10DIPPED PRODUCTS PLC (DIPD.N0000) Empty DIPPED PRODUCTS PLC (DIPD.N0000) Tue May 17, 2016 11:26 pm

EquityChamp

EquityChamp
Moderator
Moderator
Dipped Products PLC (DPL) is a Sri Lanka-based rubber glove manufacturer. The Company's principal business include manufacture and marketing of industrial and general purpose gloves, management of tea and rubber plantations. The Company's segments include Hand Protection and Plantations.

Thought its good to alert you guys before the opportunity is lost.
According to the latest results release DIPD has solved most of the problems with their Thai operations. There cost of production too seems to be gone down. And so they are again in the growth path.

Just glance through my expected numbers based on their historical results.
 







 Q2 15Q3 15Q4  15Q1 16FY 14/15FY 15/16FY 16/17 F
Revenue         5,651         5,293         5,042         5,946      27,738      21,932        26,259
GP            874            698            810         1,095         4,791         3,477          4,727
GP margin15%13%16%18%17%16%18%
PAT to equity holders            132               23 -            79            270         1,112            346          1,313
PAT margin2%0%-2%5%4%2%5%
EPS           18.56          5.78         21.92
FY 2016/17 going to be better than even FY 14/15. Further they have announced a DPS of 2/- even with low profits this year. Next year you can expect a DPS of 6+.

According to the technical charts at the moment it is very bullish with RSI of 64, Bull/Bear Power indicator of +2.8 and ROC of + 11.4.

The share has dropped to a low of 73 in March and since then has come till 100 level I suppose due to early release of financial results. In the same way it will move to 140/- 150 levels once you will got to see the Q1 of 16/17 results.

My advice is it is time for you now to add some into your portfolio with a medium term view. This stock with a forward PE of 4.5x is not a risk at all at this point in time.

Do your own analysis and decide.
Thanks

11DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Wed May 25, 2016 10:17 am

EquityChamp

EquityChamp
Moderator
Moderator
Thought to remind about this stock. Came up from 70s silently without noticing to any body. It dropped from 150s due to lower profits. So when the profits are started to come again then what will be the stock price?

12DIPPED PRODUCTS PLC (DIPD.N0000) Empty Dipped Products Group Posts Performance Wed Feb 12, 2020 10:58 pm

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
Hayleys Group’s subsidiary Dipped Products PLC (DPL), a leader in the global hand protection glove market, reported Rs. 23.2 billion Group turnover for the nine months ending December 2019. The Hand Protection sector contributed Rs 13.4 billion to the Group’s top line, while the Plantation sector recorded a turnover of Rs. 9.9 billion for the period.
The Dipped Products Group recorded a profit before tax (PBT) of Rs. 872 million for the period ending 31st December 2019. The Group’s profit after tax was Rs 719 million, while the profit attributable to equity holders of the company was Rs 641 million.
Commenting on the results, Dipped Products and Hayleys PLC Chairman Mr. Mohan Pandithage said, “DPL’s performance has demonstrated its resilience to global challenges in a year during which traditional markets in the Eurozone were battling a slow-down in their economies”.

The Group’s Hand Protection sector performed better compared to the previous year and registered 42% higher contribution to PBT. Noteworthy improvement was recorded in the Sri Lankan Manufacturing operations achieved by enhancing customer value proposition through new product development and focusing on premium glove range. Dipped Products (Thailand) Limited (DPTL) results were affected by narrowing profit margins due to intense regional competition, however uptick in demand since latter part of the third quarter increased the sales volumes of DPTL.

The Plantations sector registered 82% lower profitability compared to the same period previous year mainly due to depressed commodity prices. Kelani Valley Plantations PLC (KVPL) performance was significantly affected by the low rubber and stagnant tea prices. KVPL and Talawakelle Tea Estates PLC (TTEL) fetched higher NSA’s than the market averages, but was not enough to maintain margins.
Commenting on the results DPL Managing Director, Mr. Ng Soon Huat said, “Despite the challenging environment the Hand Protection Sector continued to place strategic emphasis on pursuing customers  in emerging and developed markets.

 Sri Lankan Manufacturing companies recorded 6% growth in export volumes“.
Mr. Ng further said, “Increasing production capacity for high value products and driving manufacturing excellence program to greater heights are some of the strategies the sector is executing in order to deliver sustainable profitability”.
Established in 1976, Dipped Products is one of the leading non-medical rubber glove manufacturers in the world, and accounts for a 5 percent share of the global market. The company’s products now reach 70 countries.The Board of Directors of Dipped Products PLC comprises Messrs. Mohan Pandithage (Chairman), Ng Soon Huat (Managing Director), Dhammika Perera, Sarath Ganegoda, M.Bottino, F.Mohideen, S.Rajapakse, N.A.R. R. S Nanayakkara, S.P.Peiris, K.D.G.Gunaratne, H.S.R.Kariyawasan, R.H.P.Janadheera and K.M.D.I. Prasad.

Source- Ada Derana

13DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Wed Feb 12, 2020 11:39 pm

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
HI @Miss-Sangeetha 

I never seen you recommend any share. What is the reason?

14DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Thu Feb 13, 2020 12:09 am

Teller

Teller
Moderator
Moderator
Miss.Sangeetha belated happy birthday. I know it was on 10th February. Really sorry , i fogot it.🌈🌈🌈🌈🕯🕯🕯🕯🕯🕯🕯🕯🕯🕯🕯🕯🕯🕯🕯🕯🕯


_________________




Teller said is said..

15DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Thu Feb 13, 2020 12:23 am

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Oh is it her b'day?

Happy birthday @Miss-Sangeetha  I love you

16DIPPED PRODUCTS PLC (DIPD.N0000) Empty DON'T MISS DIPPED PRODUCTS[DIPD] Tue Aug 04, 2020 11:46 am

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hi all,

This share will soon reach Rs 200/-.

REASON - The business is in one of the industries which highly benefited from COVID19. 

Outcome - Expected earnings would surprise most of us and would definitely a winner. Expecting a dividend more than Rs 12/- per share 

Good Luck

17DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Tue Aug 04, 2020 1:14 pm

Win Win


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
DIPD will be passed Rs.180 by Oct-20 and Rs.11 DPS can be expected.

Good & Safe Investment  cheers

18DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Tue Aug 04, 2020 1:46 pm

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics
hmm... no

19DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Tue Aug 04, 2020 9:26 pm

gobinath55555


Stock Trader
Be watchful their plantation segment still on loss.

20DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Tue Aug 04, 2020 9:45 pm

Win Win


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Plantation Segment
2018/19 Rs.930Mn
2019/20 Rs.220Mn

This time, it needs only
2020/21  Rs.700Mn

I think this target can be achievable with dollar impact !!!

21DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Wed Aug 05, 2020 8:43 am

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hi All,

July exports have increase YoY even with COVID19 pandemic impact. 
http://www.ft.lk/front-page/July-exports-top-1-b-mark-despite-COVID/44-704060


Rubber,Apparel, tea, coconut,fruits and vegetables, agricultural crop exports do well in July.

The above is a proxy indicator of how well orders have accumulated to Dipped Products as a result of COVID19. In fact, Ansel Lanka would have also benefited in a larger volume

Thank you

22DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Wed Aug 05, 2020 8:47 am

Baba2020


Senior Equity Analytic
Senior Equity Analytic
Already price adjusted to this qtr. From 59 to 137.
So don't expect more. And only 1Rs dividend indicating this. Better to avoid now

23DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Thu Aug 06, 2020 11:33 am

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Baba2020 wrote:Already price adjusted to this qtr. From 59 to 137.
So don't expect more. And only 1Rs dividend indicating this. Better to avoid now

Hi Baba2020,

Dipped Products and Ansel Lanka are the 2 main companies whom are COVID19 positive. As of now, COVID19 reached 18,979,663 and cases are ongoing. 

The company has a book value of Rs 184/- and EPS is Rs 12/- as of latest financials. The future business potential cannot be decided by only looking at Dividend announcement of Rs 1/-. It is because earnings are allocated to production/capacity expansions after assessing the exponential demand for surgical glows and other related products.

Good Luck

24DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Thu Aug 06, 2020 11:45 am

Equityinvestor


Manager - Equity Analytics
Manager - Equity Analytics
https://www.srilankabusiness.com/ebooks/expo-news-july-2020.pdf

See page Number 05.

"Moreover, led by a higher demand for personal protective equipment (PPE) such as face masks,
protective suits, surgical gloves, etc., earnings from exports of Apparel & Textiles and Rubber &
rubber-based products grew significantly during the month of June 2020. PPE related exports
recorded US$ 106.46 Mn in June 2020."

25DIPPED PRODUCTS PLC (DIPD.N0000) Empty Re: DIPPED PRODUCTS PLC (DIPD.N0000) Thu Aug 06, 2020 7:16 pm

Win Win


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Win Win wrote:Plantation Segment
2018/19 Rs.930Mn
2019/20 Rs.220Mn

This time, it needs only
2020/21  Rs.700Mn

I think this target can be achievable with dollar impact !!!

Plantation

TPL
2020/21 1st Q 104Mn
2019/20 1st Q     0.6Mn


DIPD will reach Rs.180 by October as predicted. 
Check and enter tomorrow. Q1 Report will be released after few days. Q1 EPS should be more than Rs.10 according to the calculations against Rs.1.70 in last year.

Game is on  Laughing Laughing

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