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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)
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.
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.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)
Ran49 wrote:Still running Plantations... it will run till end of November.... most of the good counters will touch Rs100... keep eye...
I think Now it's over, Big Players end the game.....fireshelter wrote:udpl Start![]()
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Last edited by trasantha on Tue Oct 10, 2017 9:01 am; edited 1 time in total (Reason for editing : Not preview the Attachment)
trasantha wrote:I think Now it's over, Big Players end the game.....fireshelter wrote:udpl Start![]()
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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
yes,another powerfull wave is due with financialsfireshelter wrote:Only cooling![]()
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wait and see
Q-4 results coming due next month.charithaa wrote:plantations sector shares are tend to be getting accumulated. Anyone have any idea? Is it due to budget or any other reason??
This article is not completely correct and this is utter rubishruwan326 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
The way plantation counters run I doubt tookalu351 wrote:This article is not completely correct and this is utter rubishruwan326 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
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.
තම දෛනික මුලික වැටුප රුපියල් 1000 දක්වා වැඩි කරන ලෙස හෝ තමන්ට වැඩි කළ රුපියල් 700 මුලික වැටුපට රු140 ප්රසාද දිමනාව හෝ එකතු කරන ලෙස බල කරමින් හැටන් කොටගල ප්රදේශයේ වතු කම්කරුවන් පිරිසක් අද (03) විරෝධතාවයක් ආරම්භ කර ඇත.crs wrote: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
ස්තුතියි එසී මම ගත්ත ඔයා කිව්වට පස්සෙ බලන්ගොඩEquityChamp wrote:Nice to see some renewed interest in many plantation stocks today.
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