It's a good counter keep your eye on.
-Palm Oil prices increasing in world market
-NAV is more than Rs.40/-
-New entry to Dairy with JV to be commenced
-Tea Auction prices are going up
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No doubt.@AAABoy wrote:It's a good counter keep your eye on.
-Palm Oil prices increasing in world market
-NAV is more than Rs.40/-
-New entry to Dairy with JV to be commenced
-Tea Auction prices are going up
Current Price is Rs. 20/-.
@AAABoy wrote:Results are out. Hope you guys have gone through it.Like to see today how the share price is going to move
@Quibit wrote:WATAWALA PLANTATIONS
ISIN : LK0246N00005
Today’s Last Traded Price (Rs.) : 17.00
Change (Rs.) and (%) 0.90 (5.59%)
Turnover (Rs.) 3,018,755,330.00
Share Volume 150,937,901
Trade Volume 7
@DKbogols wrote:WATA has 85% contribution to T/O from OIL Palm and 15% from Dairy.
Right now Oil Palm global prices at 5yr high levels and there is lot of support from budget for Agri and well as Dairy.
WATA has been historically a high dividend yielding counter, there is the added bonus of c.10% dividend gains per annum in additional to capital gains too.
With forward PE multiples around 6x, this share has so much more pontential than current value of around 58/- per share.
As per my valuation, the fair value should be around 75/- minimum in 1 year with a 30% upside (around 40% including dividends)!
This is not a buy/sell recommendation. *DYOR (Do Your Own Research)
@RajapaksaDON wrote:@DKbogols wrote:WATA has 85% contribution to T/O from OIL Palm and 15% from Dairy.
Right now Oil Palm global prices at 5yr high levels and there is lot of support from budget for Agri and well as Dairy.
WATA has been historically a high dividend yielding counter, there is the added bonus of c.10% dividend gains per annum in additional to capital gains too.
With forward PE multiples around 6x, this share has so much more pontential than current value of around 58/- per share.
As per my valuation, the fair value should be around 75/- minimum in 1 year with a 30% upside (around 40% including dividends)!
This is not a buy/sell recommendation. *DYOR (Do Your Own Research)
Rs 1000/= wage issue doesn't affect WATA so much. Bcz they have around 2500 emplyees.
Manipulater likes this post
@DKbogols wrote:
Palm Oil Prices at all time high - highest price recorded in past 5 years at least!
WATA has almost 85% TO from Palm Oil which is now all time high and subject to tax benefits from Govt's new budget for Agri! Balance 15% is Dairy and Milk which is also a subject of interest by the present govt and subject tax advantages.
WATA is poised for a high growth run especially considering that they at around 6x annualised H1 PER.
Target price in my opinion is at 8x forward PER, which is 84/- representing a 55% upside to current MP.
This is not a BUY/SELL recommendation. DYOR.
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