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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » is TKYO ready for the next step forward?

is TKYO ready for the next step forward?

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omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
I was following TKYO.X and can see it maybe ready for the next stage, of price hike.
Any ideas ?

is TKYO ready for the next step forward?  Tkyo_x10

thankrishan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Seems attractive, TKYO.X is more attractive than TKYO.N.

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
[size=48]Asia Capital partners Japan’s Belluna for $ 50 m luxury apartment complex in the city
[/size]



0
[size]

Comments / is TKYO ready for the next step forward?  V-icon4  1870 Views / Monday, 17 October 2016 00:01
 1  389[/size]



is TKYO ready for the next step forward?  Untitled-4107 Ground breaking of Luna Tower – Four Four Seven, from left: Asia Capital Senior Manager Projects Eraj Rajapakse, Asia Capital Chairman Paul Ratnayeke, Philip Weeraratne Associate Principal Architect Philip Weeraratne, Asia Capital Senior Manager Sandun Hettige, Asia Capital Director Toshiaki Tanaka, Belluna Senior Manager Koichi Yokota, Belluna Managing Director Hiroshi Yasuno, Japanese Ambassador to Sri Lanka Kenichi Suganuma, Belluna Senior Advisor Kiyonori Nakashima, Asia Capital Director/Group CEO Stefan Abeyesinhe, Reyhan Morris – member of Asia Capital senior management and Nawaloka Piling Chairman Upali Dharmadasa 
 
Asia Capital PLC, in collaboration with Japanese foreign investor and partner Belluna Co. Ltd., last week launched an exclusive apartment development project in the upscale Union Place location at a project cost of over $ 50 million (Rs. 7.3 b). 

‘Luna Tower – Four Four Seven’ is a 200-apartment building located centrally at Union Place, offering speedy and convenient access to the commercial and entertainment areas of Colombo. Its unparalleled location offers sweeping vistas of the Beira Lake on one side and the Viharamahadevi Park on the other. 

The ground-breaking ceremony of the real estate development titled ‘Luna Tower – Four Four Seven’ was held on 12 October at the development site, in the presence of eminent invitees comprising of the senior management of Asia Capital and Belluna; Government officials involved in the project including CMC and UDA representatives; Japanese Ambassador to Sri Lanka Kenichi Suganuma and Minister of Special Assignments Dr. Sarath Amunugama.

Philip Weeraratne Associates (PWA) are the Principal Architects for the project. Two global powerhouses have joined hands with PWA on this project: Arup of Hong Kong, bring their depth of expertise by way of a complete structural review of the apartment complex; Ong&Ong of Singapore, bring in unparalleled technical expertise in design excellence. Onsite piling for the project has already commenced by Nawaloka Piling Ltd. and ‘Luna Tower – Four Four Seven’, is scheduled for completion by October 2019.

The project is conceptualised as a blend of indoor and outdoor living spaces for a soothing and natural experience, making the best of natural light and ventilation. The apartments are seamless in design and offer compact modern living ideas for greater convenience. The apartment building will feature a large lobby with reflecting ponds and greenery, a rooftop infinity swimming pool and club house, including a landscaped garden, gymnasium, function room and a pavilion that opens out on one side – all of which offer common spaces on multiple levels in the apartment building.

Asia Capital Director/Group CEO Stefan Abeyesinhe commented: “The launch of ‘Luna Tower – Four Four Seven’ marks yet another milestone for Asia Capital in its history of achievements both in investment banking and property development. Venturing into real estate in the apartment complex segment, we are delighted to partner with Belluna of Japan, who hold decades of prosperous experience in real estate and now bring their investment strength into Sri Lanka. This joint project cements the strong bond that both companies have in creating a new paradigm in local and foreign joint venture projects in Sri Lanka. ‘Luna Tower – Four Four Seven’ offers inspired living for discerning investors and residents who understand the benefits of its superb location and the reputed project partners who are capable of delivering a truly world-class project. Prospective buyers can select from 2/3/4 bedrooms within a price range of Rs. 35 to 140 million, which offers a wide price spectrum to choose from.”

Belluna Managing Director Hiroshi Yasuno added: “With operations in several continents, Belluna is delighted to invest in a country such as Sri Lanka, which is one of the leading nations in the region in terms of investment potential. Colombo’s skyline is changing and we expect ‘Luna Tower – Four Four Seven’ to be an integral landmark once complete. The initial outlay for the project for land acquisition and construction is over $ 50 million. Belluna is privileged to collaborate with an established and reputed partner such as Asia Capital. Our partnership with Asia Capital at present encompasses five different projects both in Sri Lanka and the Maldive Islands. As a foreign investor, we hold a long-term view of Sri Lanka’s investment potential and foresee many more such high value projects in the years ahead.”

The joint projects between Asia Capital and Belluna consist of the ‘Luna Tower – Four Four Seven’ apartment development at Union Place; a 48 villa ultra-luxurious resort in Galle for which the foundation stone was laid on 13 October; a 300-room city hotel on Marine Drive in Colombo 3 for which the land is already acquired; and construction of the first resort beyond the shores of Sri Lanka in the Maldive Islands. A further multi-development project in Colombo is in the pipeline, with land being sourced presently. Belluna Co Ltd.’s Joint Venture with Asia Capital PLC clearly spells out the company’s commitment to Sri Lanka.

omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
@omegaplus wrote:I was following TKYO.X and can see it maybe ready for the next stage, of price hike.
Any ideas ?

is TKYO ready for the next step forward?  Tkyo_x10

Tokyo cement have a good future for few reasons .
One all these mega scale contractions ahead will push sales.
 
Another reason , $50 million  Tokyo production expansion plans includes  starting their new grinding facility by end of this year.It will increase domestic grinding facility by 60%, which replace about 40% of imports to colombo terminal.


And another great news is they made a deal with Japanese's "Ube Industries" for technical support and raw materials for high quality and specialise cements.
  


For those reasons They good for great few years ahead .

trader7


Manager - Equity Analytics
Manager - Equity Analytics
TKYO has a great future.Still a good Buy, should go up to rs.80 long term.

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Rsi cooled down and again becoming tech bulish

omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
@trader7 wrote:TKYO has a great future.Still a good Buy, should go up to rs.80 long term.
First capital research on TKYO  and some other firms suggested TKYO will reach those levels mid- long terms ,more to do with technical analysis . But with other factors such as new factory  and big constructions TKYO may do better.

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
With the super quarter earnings TOKYO should touch 70 short term

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kassachandimal wrote:With the super quarter earnings TOKYO should touch 70 short term
tafl sell kalada???  Very Happy  E dawas wala tafl walin thora lokayak thibune nane...
Anyway tokyo is an excellent share to invest

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
sold tafl

EquityChamp

EquityChamp
Moderator
Moderator
@kassachandimal wrote:sold tafl

Very Happy Very Happy Good luck.

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kassachandimal wrote:sold tafl
tafl have great potential to go forward. I am holding but now I am in a two worlds not due to their performance but due to the killing of animal. Now I feel bit guilty.. Embarassed

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
Look at TOKYO today. Standing strong in this bloody hell

thankrishan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kassachandimal wrote:Look at TOKYO today. Standing strong in this bloody hell
Laughing

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
seems like that but the makt has a negative sentiment !

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
EC is that a bad decision to sell TAFL

EquityChamp

EquityChamp
Moderator
Moderator
@kassachandimal wrote:EC is that a bad decision to sell TAFL

That depend on the investor and his/her risk appetite. Taking profits is good generally but sometimes the opportunity cost can be greater. Only time can give you the answer.

Thanks

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
yes EC. what is ur idea about TAFL and TOKYO. what is the best for u in current CMP and situation

omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
I was hoping this post will be a decent debate re TKYO with facts and reasons rather than promoting .lol!

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Its a more than a decent debate. We have to ask questions. That is what I am doing. Not promoting omega.

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