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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Plantation Sector

Plantation Sector

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Go down  Message [Page 6 of 17]

101Plantation Sector - Page 6 Empty Re: Plantation Sector Sun Oct 08, 2017 10:57 am

marusira


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Market down wela investors la loss wela CSE eken yanakota me humble ewun bubble ganna no talks.oya Bak gani sorry iruthu gani magen hari psgawsk kale.

102Plantation Sector - Page 6 Empty Re: Plantation Sector Mon Oct 09, 2017 8:01 am

Wimal Modawansa


Manager - Equity Analytics
Manager - Equity Analytics
BALA P/E OF 1.50-(NAV 100.89-MP 36.10)
MASK P/E OF 2.14-(NAV 19.19-MP 19.19)
UDPL P/E OF 2.29-(NAV 35.28-MP 45.70)
MAL P/E OF 4.11-(NAV 13.96-MP 12.10/12.50)
BOPL P/E OF 4.75-(NAV 17.39-MP 17.90)
NAMU P/E OF 4.84-(NAV 112.62-MP 92.00)
MADU P/E OF 4.89-(NAV 16.48-MP 18.20)
HAPU P/E OF 4.91-(NAV 38.25-MP 32.50)

103Plantation Sector - Page 6 Empty Re: Plantation Sector Mon Oct 09, 2017 9:30 am

Beta1


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Wimal Modawansa wrote:BALA P/E OF 1.50-(NAV 100.89-MP 36.10)
MASK P/E OF 2.14-(NAV 19.19-MP 19.19)
UDPL P/E OF 2.29-(NAV 35.28-MP 45.70)
MAL P/E OF 4.11-(NAV 13.96-MP 12.10/12.50)
BOPL P/E OF 4.75-(NAV 17.39-MP 17.90)
NAMU P/E OF 4.84-(NAV 112.62-MP 92.00)
MADU P/E OF 4.89-(NAV 16.48-MP 18.20)
HAPU P/E OF 4.91-(NAV 38.25-MP 32.50)

you missed the best one 

LDEV P/E below 1.70 with massive growth

104Plantation Sector - Page 6 Empty Re: Plantation Sector Mon Oct 09, 2017 9:59 am

fireshelter


Associate Director - Equity Analytics
Associate Director - Equity Analytics
udpl Start  Laughing Laughing Laughing Laughing Laughing

105Plantation Sector - Page 6 Empty Re: Plantation Sector Mon Oct 09, 2017 10:17 am

ranferdi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Harry82 wrote:Plantation share rise –recipe for a potential bubble
By Duruthu Edirimuni Chandrasekera
View(s): 108


With high tea prices recorded over the past three months, retail traders are grabbing onto plantation shares, alarming regulators as this can be a potential bubble, analysts say.
“There’s a bit of good news on the plantations sector as tea prices are high and their June quarter results have been good. So, the retailers extrapolate tea prices and gauge the values of these stocks, which may be not so good news in the long run,” an analyst told the Business Times.
Another analyst added that there’s certainly a fundamental backing in the rise of these shares, with tea prices at auctions in August averaging Rs. 606.86 per kg, up from Rs. 473.78 a year ago, as per a Forbes and Walker Tea Brokers report. Prices of teas from all three elevations rose during August with the biggest gains in the high grown varieties. But this rise in shares shouldn’t last long. “A little bit of good news in an illiquid sector like this will send prices up,” he added.
Share of Lankem Developments from June 30 to September 28 rose by 230 per cent (from Rs. 3 per share to Rs. 9.90). A share in Madulsima Plantations which was Rs. 6.70 and went up to Rs. 15.50, a 131.34 per cent surge during the same, corresponding period. A share at Udapussellawa rose by 123.08 per cent, Malwatta up by 121.43 per cent, Colombo Trust Finance by 106 per cent and Balangoda Plantations by 106 per cent during the said 3- month period.
It’s a volatile sector and retailers should exercise caution, a regulator told the Business Times. While this isn’t a replica of the 2010 era when the mafia stumped the market with pump and dump in dud shares, prolonging these share hikes could be a recipe for disaster, she said.

People with controversial track records can write anything. 

Can you point out three shares trading above  10 tines it's eps per share or two times nav.. 

Taking in to consideration that tea prices are still good we can assume the prices to remain the same for another two quarters. 

All the plantations are still trading cheap and there are lot of space to ride.  

Rising prices on fundamentals are not Bubble 

Anyways rise and falls are a part of natural market cycle and only thing we need to make sure is that no body is allowed to manipulate the markets. 

People with vested interest can write anything..

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

106Plantation Sector - Page 6 Empty Re: Plantation Sector Mon Oct 09, 2017 10:26 am

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics
AVERAGE PRICE FOR BULK TEA
Average price to be Utilized for CESS computation on bulk tea for the month of October 2017 per Kilo will be, Rs 601.40 (Un-weighed).
* Cess calculation is proceeded based on unweighted average of weighted averages....
Year - 2017
Month Weighted Un-weighted
January N/A 568.65
February N/A 582.04
March N/A 588.68
April N/A 597.95
May N/A 619.45
June N/A 645.74
July N/A 639.94
August N/A 614.36
September N/A 596.67
October N/A 601.40
Year - 2016
Month Weighted Un-weighted
January 400.87 401.32
February 414.37 414.42
March 413.54 413.63
April 407.47 407.41
May 408.41 407.95
June 418.25 420.91
July 441.88 438.81
August N/A 442.62
September N/A 444.86
October N/A 465.39
November N/A 495.79
December N/A 534.10

107Plantation Sector - Page 6 Empty Re: Plantation Sector Mon Oct 09, 2017 6:05 pm

Ran49


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Still running Plantations... it will run till end of November.... most of the good counters will touch Rs100... keep eye...

108Plantation Sector - Page 6 Empty Re: Plantation Sector Mon Oct 09, 2017 9:29 pm

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics
@Wimal Modawansa wrote:BALA P/E OF 1.50-(NAV 100.89-MP 36.10)
MASK P/E OF 2.14-(NAV 19.19-MP 19.19)
UDPL P/E OF 2.29-(NAV 35.28-MP 45.70)
MAL P/E OF 4.11-(NAV 13.96-MP 12.10/12.50)
BOPL P/E OF 4.75-(NAV 17.39-MP 17.90)
NAMU P/E OF 4.84-(NAV 112.62-MP 92.00)
MADU P/E OF 4.89-(NAV 16.48-MP 18.20)
HAPU P/E OF 4.91-(NAV 38.25-MP 32.50)
Profit figures of planation companies for the quarter ended September 2017 is in the process of being finalized this week. Companies trading below their net asset values - BALA,MAL,NAMU and HAPU could shoot up. Watch these counters.

109Plantation Sector - Page 6 Empty Re: Plantation Sector Tue Oct 10, 2017 7:37 am

Richman


Equity Analytic
Equity Analytic
@Ran49 wrote:Still running Plantations... it will run till end of November.... most of the good counters will touch Rs100... keep eye...

Plantations will run for a good period. Good revenue is expected for few more years to come.

110Plantation Sector - Page 6 Empty Re: Plantation Sector Tue Oct 10, 2017 8:56 am

trasantha


Senior Equity Analytic
Senior Equity Analytic
@fireshelter wrote:udpl Start  Laughing Laughing Laughing Laughing Laughing
 I think Now it's over, Big Players end the game.....
Don't burn you hand with the hot stove


https://www.investing.com/equities/udapussellawa-plantations
 Visit this link 
study the graph with Volume & Market Price



Last edited by trasantha on Tue Oct 10, 2017 9:01 am; edited 1 time in total (Reason for editing : Not preview the Attachment)

111Plantation Sector - Page 6 Empty Re: Plantation Sector Tue Oct 10, 2017 4:14 pm

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@trasantha wrote:
@fireshelter wrote:udpl Start  Laughing Laughing Laughing Laughing Laughing
 I think Now it's over, Big Players end the game.....
Don't burn you hand with the hot stove


https://www.investing.com/equities/udapussellawa-plantations
 Visit this link 
study the graph with Volume & Market Price

Feels like plantation sector which has value purposely kept aside by big players and collaborators. At the same time a Group is formulating a CRAP wave promoting shares which has no value. 
May be they are looking for a way to get rid of crap and get into plantation at cheap rate.
Anyway I am sure that plantations will revive sooner or soon after Sep financials are being released.

Wise people will buy into right now.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

112Plantation Sector - Page 6 Empty Re: Plantation Sector Tue Oct 10, 2017 11:23 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Only cooling  Very Happy Very Happy Very Happy Very Happy wait and see

113Plantation Sector - Page 6 Empty Re: Plantation Sector Wed Oct 11, 2017 5:23 am

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@fireshelter wrote:Only cooling  Very Happy Very Happy Very Happy Very Happy wait and see
yes,another powerfull wave is due with financials

114Plantation Sector - Page 6 Empty Re: Plantation Sector Wed Oct 11, 2017 7:30 am

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi nimantha welcome Dear...Wawannoo Dinannoo Very Happy Very Happy Very Happy Basketball Basketball Basketball

115Plantation Sector - Page 6 Empty Re: Plantation Sector Wed Oct 11, 2017 9:15 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Started to down plantation Sector.

Next Banking and Finance Sector

116Plantation Sector - Page 6 Empty Re: Plantation Sector Sun Oct 15, 2017 7:28 am

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics
TEA PRICES UP...... UP ....... AND UP!

http://www.sundayobserver.lk/2017/10/15/business/tea-market-report


BALA WILL LEAD THE RUN!


RS 100 PLUS BASED ON FINANCIALS?FOLLOWED BY UDPL?

117Plantation Sector - Page 6 Empty Plantation sector Fri Jan 18, 2019 2:13 pm

charithaa


Senior Equity Analytic
Senior Equity Analytic
plantations sector shares are tend to be getting accumulated. Anyone have any idea? Is it due to budget or any other reason??

118Plantation Sector - Page 6 Empty Re: Plantation Sector Fri Jan 18, 2019 2:26 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@charithaa wrote:plantations sector shares are  tend to be getting accumulated. Anyone have any idea? Is it due to budget or any other reason??
Q-4 results coming due next month.
Q-3 was poor compare to Q 1& Q 2 and Q-4 results going to be better than previous reports.

This year government expect to improve exports and plantation going to be the key Wink

Hope to see experts comments too alien

119Plantation Sector - Page 6 Empty Re: Plantation Sector Sun Jan 20, 2019 8:01 am

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
More countries fault Ceylon Tea
January 20, 2019

Sri Lankan authorities are worried over the concerns raised by a number of other countries pertaining to the residue levels found in Ceylon Tea after Japan in 2017, subjected imports to stringent checks.
Though the re-introduction of glyphosate on the plantations is likely to bring relief during its absence authorities state that even countries like Taiwan and Europe raised issues of maximum residue levels found in teas from Sri Lanka.

Regaining the lost glory of Ceylon Tea has become an issue and authorities have now informed Japan about the re-introduction of the use of glyphosate on the estates.
However, the authorities are still carrying out tests on the residue levels in tea exports resulting in high cost to exporters as the impact of the use of glyphosate would take time.

Tea Board officials told the Business Times that the re-introduction of glyphosate on the plantations was likely to bring hope and some solution to the crisis of residues found in Ceylon Tea shipped to Japan.
Sri Lanka banned the use of glyphosate on agricultural produce three years ago but subsequently in March last year the authorities lifted the ban on tea production.

Meanwhile, authorities note that another key issue pertaining to the testing of sugar in teas has been worked out by the Tea Research Institute (TRI).
They explained that the TRI had established the baseline data to be obtained in a bid to ensure that the authorities could carry out necessary testing of teas produced to detect the sugar added to the product.
The necessary guidelines to carry out such testing would be given out to the industry once the SLTB obtains the required approvals within the next few months.
It was noted that approval needs to be obtained once the boards are appointed that was likely to take place by around next week.

http://www.sundaytimes.lk/190120/business-times/more-countries-fault-ceylon-tea-331138.html

120Plantation Sector - Page 6 Empty Re: Plantation Sector Mon Jan 21, 2019 5:02 pm

kalu351


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ruwan326 wrote:More countries fault Ceylon Tea
January 20, 2019

Sri Lankan authorities are worried over the concerns raised by a number of other countries pertaining to the residue levels found in Ceylon Tea after Japan in 2017, subjected imports to stringent checks.
Though the re-introduction of glyphosate on the plantations is likely to bring relief during its absence authorities state that even countries like Taiwan and Europe raised issues of maximum residue levels found in teas from Sri Lanka.

Regaining the lost glory of Ceylon Tea has become an issue and authorities have now informed Japan about the re-introduction of the use of glyphosate on the estates.
However, the authorities are still carrying out tests on the residue levels in tea exports resulting in high cost to exporters as the impact of the use of glyphosate would take time.

Tea Board officials told the Business Times that the re-introduction of glyphosate on the plantations was likely to bring hope and some solution to the crisis of residues found in Ceylon Tea shipped to Japan.
Sri Lanka banned the use of glyphosate on agricultural produce three years ago but subsequently in March last year the authorities lifted the ban on tea production.

Meanwhile, authorities note that another key issue pertaining to the testing of sugar in teas has been worked out by the Tea Research Institute (TRI).
They explained that the TRI had established the baseline data to be obtained in a bid to ensure that the authorities could carry out necessary testing of teas produced to detect the sugar added to the product.
The necessary guidelines to carry out such testing would be given out to the industry once the SLTB obtains the required approvals within the next few months.
It was noted that approval needs to be obtained once the boards are appointed that was likely to take place by around next week.

http://www.sundaytimes.lk/190120/business-times/more-countries-fault-ceylon-tea-331138.html
This article is not completely correct and this is utter rubish

121Plantation Sector - Page 6 Empty Re: Plantation Sector Mon Jan 21, 2019 7:12 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@kalu351 wrote:
@ruwan326 wrote:More countries fault Ceylon Tea
January 20, 2019

Sri Lankan authorities are worried over the concerns raised by a number of other countries pertaining to the residue levels found in Ceylon Tea after Japan in 2017, subjected imports to stringent checks.
Though the re-introduction of glyphosate on the plantations is likely to bring relief during its absence authorities state that even countries like Taiwan and Europe raised issues of maximum residue levels found in teas from Sri Lanka.

Regaining the lost glory of Ceylon Tea has become an issue and authorities have now informed Japan about the re-introduction of the use of glyphosate on the estates.
However, the authorities are still carrying out tests on the residue levels in tea exports resulting in high cost to exporters as the impact of the use of glyphosate would take time.

Tea Board officials told the Business Times that the re-introduction of glyphosate on the plantations was likely to bring hope and some solution to the crisis of residues found in Ceylon Tea shipped to Japan.
Sri Lanka banned the use of glyphosate on agricultural produce three years ago but subsequently in March last year the authorities lifted the ban on tea production.

Meanwhile, authorities note that another key issue pertaining to the testing of sugar in teas has been worked out by the Tea Research Institute (TRI).
They explained that the TRI had established the baseline data to be obtained in a bid to ensure that the authorities could carry out necessary testing of teas produced to detect the sugar added to the product.
The necessary guidelines to carry out such testing would be given out to the industry once the SLTB obtains the required approvals within the next few months.
It was noted that approval needs to be obtained once the boards are appointed that was likely to take place by around next week.

http://www.sundaytimes.lk/190120/business-times/more-countries-fault-ceylon-tea-331138.html
This article is not completely correct and this is utter rubish
The way plantation counters run I doubt too Wink
Hope Q-4 results better than Q-3 Idea

charithaa


Senior Equity Analytic
Senior Equity Analytic
Sri Lanka's publicly traded commercial farms which grow tea, rubber and oil palm, saw prices fall after a new pay deal which industry spokesman said may increase wages by 350 million to 450 million a year on average for each company.

The regional plantation companies announced a collective agreement with trade unions over the weekend which will raise the daily wage of a plantation worker from 500 rupees to 700 rupees. 

Voting shares of 10 of 18 listed plantation companies fell Monday.

Udapussellawa Plantations share closed at 29.40 rupees on Monday, down 2.50 rupees from Friday's close, after trading as low as 28.50 rupees

Talawakelle Tea Estate share fell 6.39 percent or 3.70 rupees to 54.20 rupees.

Hatton Plantation shares fell 60 cents to 7.20 rupees, Bogawantalawa Tea Estates down 70 cents to 12.90 rupees and Balangoda Plantations down 1 rupee to 16.20 rupees at Monday's close.

Plantation companies which currently have on average around 7,000-8,000 workers each, are expected to pay out an extra 350-450 million rupees annually after the pay deal, a spokesperson for the Planters' Association which represents estate managers said.

The twenty plantation companies, employing around 154,000 workers, may have to pay up to 9 billion rupees more in labour costs under the new agreement, the association said. Eighteen are publicly traded.

The latest agreement was signed at 11am Monday.

Unions had initially demanded 1,000 rupees in daily wages. Some unions had blocked roads in plantation areas in protest on Sunday and Monday morning, demanding the 1,000 rupees.

In the previous deal, workers got a basic salary of 500 rupees, an attendance allowance of 60 rupees, a productivity incentive of 140 rupees and a price share supplement of 140 rupees.

The new deal has 700 rupees in basic salary, and 50 rupees price share supplement.

A worker would also get 40 rupees for every extra kilo plucked above the 18 kilogramme 'plucking norm' of the field, up from 28.75 rupees in the earlier deal.

The farms grow a mix of crops including, tea, rubber, oil palm and coconut. Tea is the most labour intensive.

There were some concerns that incentive payments aimed at boosting productivity and attendance had been dropped. 

Children of plantations worker families are leaving the sector to areas including services where labour is scarce or there had been productivity gains and pay is higher.

Sri Lanka's rupee had been depreciated from 149.80 at the end of 2016, to 182 by the end of 2018, which tends to increase the nominal price of commodities helping offset part of the increase in wages.

Sri Lanka's small holder tea farmers, who own farms and not driven by unions, produce the bulk of tea in the island now. Plantations firms are also trying out models involving contracting out fields.

Tea is mostly exported and is subject to global demand and and also the underlying strength of the US dollar to which Sri Lanka's rupee is loosely pegged. 

The rupee however depreciates permanently due to the lack of a consistent monetary policy to support any exchange rate targeting.

123Plantation Sector - Page 6 Empty Re: Plantation Sector Tue Jan 29, 2019 1:03 pm

charithaa


Senior Equity Analytic
Senior Equity Analytic
Tea production in 2018 had declined by 3.8 million kilos or 1.2% to 303.8 million kilos, with Low Growns suffering the steepest fall whilst CTC production reached a record high. 

According to Forbes and Walker Tea Brokers, Low Growns crop declined by 5.4 million kilos to 191.8 million and high Growns crop remained unchanged at 63.6 million kilos. Medium Growns saw a growth of 1.6 million kilos to finish 2018 at 45.7 million kilos. 

CTC production in 2018 totalled 23.9 million kilos a record surpassing the previous best of 23.3 million kilos achieved in 2012. The 2018 figure reflects a 2.1 million kilo increase over 2017.

124Plantation Sector - Page 6 Empty Re: Plantation Sector Sun Feb 03, 2019 9:11 pm

charithaa


Senior Equity Analytic
Senior Equity Analytic
the wage deal is not ended yet, as estate workers plans to carry on strike requesting the 700 is not fulfilling their regular needs.

125Plantation Sector - Page 6 Empty Re: Plantation Sector Sun Feb 03, 2019 9:54 pm

crs

crs
Senior Equity Analytic
Senior Equity Analytic
@charithaa wrote:the wage deal is not ended yet, as estate workers plans to carry on strike requesting the 700 is not fulfilling their regular needs.

වතු කම්කරුවන්ගේ වැටුප් වැඩි කිරීමේ ගැසට් පත්‍රය අත්හිටුවයි

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