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JETWING SYMPHONY PLC (JETS.N0000)

+7
ErangaDS
LHW
Eranga87
tori.kumara
anges
rasikagamage
milanka
11 posters

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26JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Jul 10, 2023 7:54 pm

K.R


Manager - Equity Analytics
Manager - Equity Analytics

JETS 🚀 is getting ready for a massive launch
🔺backed by better financials
🔺better business environment
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2215
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2214

27JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Tue Jul 11, 2023 9:30 pm

K.R


Manager - Equity Analytics
Manager - Equity Analytics

K.R wrote:JETS 🚀 is getting ready for a massive launch
🔺backed by better financials
🔺better business environment
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2215
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2214
🚀🔥
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2217

ErangaDS likes this post

28JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Jul 17, 2023 9:00 am

ErangaDS


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ErangaDS wrote:Excellent quarter 👏 0.79 vs ( 1.06 ) “YoY”
Upcoming CEB tariff reduction will further increase the probability. (29% - 40% tariff reduction has been proposed for the hotel category.)

52 week range : 5.80 - 16.50
********** YTD : (44.35%) ***********

Chairman of Jetwing Hotels group, Hiran Cooray said: “The hotels are not right now operating on high occupancy. Even though tourists continue to arrive we still have another 50% excess capacity. Most hotels are averaging in 40 to 50% occupancy. In full capacity, Sri Lanka can handle 300,000 visitors a month very easily.”

https://www.themorning.lk/articles/66he3fnuQz1ZIb9OaUAC

JETWING SYMPHONY PLC (JETS.N0000) - Page 2 6b020f10


*** This turnaround provides an opportunity for Hotel sector to seek an upward re-rating and increase valuations. ***


JETS 52 WEEK 


JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2211


[size=33]Taj Samudra Colombo kicks off June quarter earnings with promising start to city hotels[/size]
Kicking off the second quarter earnings season, Tal Lanka Hotels PLC, the owners and operators of Taj Colombo reported higher top and bottomline performance  for the three months ended June 30, 2023. 
Providing a glimpse to how Colombo city hotels fared in the last three months, Tal Lanka Hotels reported revenue of Rs.805.7 million for the April – June period, more than doubling the Rs.325.2 million reported for the same period last year, which was gripped by economic and social instability. 


The tourist arrival numbers have so far been promising and offer hope for continued recovery, after a disastrous stretch marked by Easter attacks and the pandemic, boding favourably to the hospitality sector in the country. 
Tal Lanka Hotels’ stock gained 70 cents or 4.07 percent on Friday to settle at Rs.17.90 a share. 
The company reported a net profit of Rs.57.4 million or 41 cents a share for the three months under review compared to a loss of Rs.1,009.3 million or Rs.7.23 a share in the year earlier period reflecting the tough operating environment. 

29JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Thu Jul 20, 2023 9:00 am

ErangaDS


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sri Lanka can expect upto 200000 arrivals per month ( first time after Covid ) from October onwards. 

Daily tourist arrivals July 2023
Sri Lanka has welcome 70000 tourists for the first two weeks of July
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2212

K.R likes this post

30JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Jul 21, 2023 8:58 pm

K.R


Manager - Equity Analytics
Manager - Equity Analytics

🚀JETS has launched
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2226
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2227

ErangaDS likes this post

31JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Sat Jul 22, 2023 2:08 am

kasunkumara


Senior Equity Analytic
Senior Equity Analytic

Tourism industry flourishes with over 700,000 arrivals

Source: https://www.ft.lk/business/Tourism-industry-flourishes-with-over-700-000-arrivals/34-750860

• First 18 days of July draw 80,080 tourists, pushing cumulative arrivals to 704,954
• China makes strong comeback to top three markets behind India and UK in July so far
• India leads as top market YTD followed by Russia and UK
• Tourism Minister Harin Fernando hails industry stakeholders’ efforts for strong comeback

Sri Lanka’s tourism sector continues to thrive as it surpasses the significant milestone of 700,000 tourist arrivals, demonstrating the country’s resilience and allure as a favoured holiday destination. Despite being the off-peak season, the daily average of tourist arrivals has shown remarkable improvement, with over 4,449 visitors flocking to the country each day, underscoring the growing interest in Sri Lanka among global travellers.



Boosted by a surge of Indian travellers, Sri Lanka has warmly welcomed 704,954 tourists so far, leaving only 15,024 arrivals required to achieve last year’s full figure of 719,978.



“The steady growth of Sri Lanka’s tourism industry and the diverse range of tourists from around the world demonstrate the country’s ability to captivate travellers with its unique attractions, warm hospitality, and unforgettable experiences. As the industry continues to thrive, Sri Lanka remains a must-visit destination for all globetrotters seeking a blend of culture, nature, and adventure,” remarked Tourism Minister Harin Fernando to the Daily FT.



In the first 18 days of the month, a total of 80,080 visitors have arrived in the country, while an additional 57,514 more visitors are expected to achieve the monthly target.



India takes the lead as the top source market, contributing 13,778 tourist arrivals, constituting 17% of the total visitors so far. Following closely behind are the UK with 8,600 tourists (11%), China with 5,002 tourists (6%), Germany with 4,674 tourists (6%), and Russia with 4,435 tourists (5%).



The latest data released by the Sri Lanka Tourism Development Authority (SLTDA) also showed tourists arriving from other countries such as Maldives, France, Canada, Australia, and the Netherlands.



China’s rapid ascent to the top three source markets is noteworthy, attributed to the resumption of operations by its national carrier, Air China, with three weekly flights.



 With a cumulative number of arrivals at 129,971, Indian tourists are positioned to remain the strongest source market for Sri Lanka year-to-date, followed by Russia with 114,710 arrivals and the UK with 59,422 arrivals. Germany and France also contributed significantly with 49,871 and 31,514 arrivals, respectively.



The Minister said the credit for the industry’s growth should go to all stakeholders for all their tireless efforts. “It is a testament to the concerted efforts made to revive the industry, showcasing Sri Lanka’s immense potential as a top-notch location for travellers,” Fernando added.



Building on the positive momentum, Sri Lanka Tourism has expressed confidence in the industry’s potential to welcome two million arrivals and generate $ 3.7 billion in income this year. Looking ahead, the country has set ambitious goals of increasing arrivals to 5 million and generating an impressive $ 21.6 billion in revenue by 2030.

K.R likes this post

32JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Sun Jul 23, 2023 1:26 pm

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ErangaDS wrote:52 Week Range (15/06/22 - 15/06/23) , Current Market Price (CMP) & Year to Date Stock Performance (YTD) : KHL , AHUN , JETS

KHL      9.70 - 20.90
             CMP 18.00
             YTD  40% ⬆

AHUN   28.00 - 68.00
             CMP  57.50
             YTD  74.31% ⬆

JETS     5.80 - 16.50
             CMP   6.70
             YTD (42.50%) ⬇


2023 has been a struggle for JETS , price crashing from 16s to below 6 once. 
But in the last few weeks we are witnessing an excellent recovery.


The revival of Sr Lanka Tourism led hotel sector to trade 52 week higher valuations.(some are All Time High valuations) But JETS is no way near such valuations yet. 

K.R likes this post

33JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Tue Jul 25, 2023 8:41 pm

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

K.R wrote:🚀JETS has launched
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2226
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2227
Idea
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2229

34JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Sun Jul 30, 2023 10:43 am

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

🔺Chaudhary, who has been featured in the Forbes Billionaire’s Rich List since 2013 has a long-standing friendship with Sri Lanka and then invested in 12 other properties in partnership with Jetwing Hotels Group and Ceylon Hotels Corporation. CG Hospitality Holdings, the fast-growing hospitality vertical of CG Corp Global comprises over 141 hotels and resorts in 12 countries and 91 destinations with over 8,399 keys and is expected to grow to over 200 hotels and 10,000 keys by 2025.
http://archives1.dailynews.lk/2022/12/06/business/292531/nepalese-billionaire-binod-chaudhary-reiterates-confidence-sri-lanka

🔺Giant Chaudhary Group to expand leisure footprint in Sri Lanka
🔺We are gung-ho about Sri Lanka’s tourism industry says Managing Director and CEO Rahul Chaudhary
🔺Open to revenue sharing, leasing, management contracts or management cum part-equity arrangements
https://www.ft.lk/top-story/Giant-Chaudhary-Group-to-expand-leisure-footprint-in-Sri-Lanka/26-751131
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2231

35JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Sun Jul 30, 2023 5:57 pm

Maharaja


Expert
Expert

Good horse 🐎 during the upcoming hotel rally.


Maharaja

ErangaDS and K.R like this post

36JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Wed Aug 02, 2023 7:23 pm

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Indeed
#JETS will gallop 🏇 towards double digits XX

52 Range  : 5.80 - 16.50

YTD (13.21%)

K.R likes this post

37JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Sun Aug 06, 2023 9:27 pm

GOSL


Senior Equity Analytic
Senior Equity Analytic

JETS will be at ATH , before the tourism season starts 🔥

K.R likes this post

38JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Aug 07, 2023 10:05 am

Maharaja


Expert
Expert

This week can be the start of the hotel rally !


Maharaja

K.R likes this post

39JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Aug 07, 2023 10:17 pm

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

Indeed!!!

Since the country has seen a revival in the tourism sector, recording 143, 039 tourist arrivals for July, the highest monthly arrivals recorded for the year, a positive impact was seen yesterday in hotel sector shares, market analysts said.
In the first seven months, Sri Lanka welcomed 767, 913 visitors, compared to 719, 978 during the same period the previous year. India was the top tourist traffic generator, accounting for 16 percent of total arrivals.

https://island.lk/increasing-tourist-arrivals-rendering-hotel-sector-shares-attractive/#google_vignette

Maharaja, ErangaDS and SamJay1974 like this post

40JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Wed Aug 09, 2023 6:35 pm

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ErangaDS wrote:
ErangaDS wrote:52 Week Range (15/06/22 - 15/06/23) , Current Market Price (CMP) & Year to Date Stock Performance (YTD) : KHL , AHUN , JETS

KHL      9.70 - 20.90
             CMP 18.00
             YTD  40% ⬆

AHUN   28.00 - 68.00
             CMP  57.50
             YTD  74.31% ⬆

JETS     5.80 - 16.50
             CMP   6.70
             YTD (42.50%) ⬇


2023 has been a struggle for JETS , price crashing from 16s to below 6 once. 
But in the last few weeks we are witnessing an excellent recovery.


The revival of Sr Lanka Tourism led hotel sector to trade 52 week higher valuations.(some are All Time High valuations) But JETS is no way near such valuations yet. 

52 Week Range , Current Market Price (CMP) & Year to Date Stock Performance (YTD) : KHL , AHUN , JETS 

KHL      13.50 - 23.40 (58.87%)
             CMP 22.40
             YTD  32.54% JETWING SYMPHONY PLC (JETS.N0000) - Page 2 2b06.png?v=2.2

AHUN   38.00 - 75.00  (193.25%)
             CMP  73.90
             YTD  46.34% JETWING SYMPHONY PLC (JETS.N0000) - Page 2 2b06.png?v=2.2

JETS     5.80 - 16.50 (20.87%)
             CMP   9.10
             YTD (14.15%) JETWING SYMPHONY PLC (JETS.N0000) - Page 2 2b07.png?v=2.2

K.R likes this post

41JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Aug 11, 2023 10:38 am

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

Significant improvement can be seen in the 1Q 23/24 compared to last year

🔺During the period under review 289,185 tourists visited the country (JETS quarterly report)

🔺Jetwing Symphony PLC reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was LKR 661.4 million compared to LKR 481.84 million a year ago. Net loss was LKR 142.61 million compared to LKR 441.54 million a year ago.

🔺Basic loss per share from continuing operations was LKR 0.24 compared to LKR 0.88 a year ago.
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2234

ErangaDS likes this post

42JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Wed Aug 23, 2023 8:47 pm

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

🔺Massive volumes been accumulated @10 and above 
🔺YTD return (10%)
🔺1 year (52 week return) : (20%+)
🔺 52 range : 5.8 - 16.50 
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2240
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2241

43JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Empty Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Aug 28, 2023 6:39 pm

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ErangaDS wrote:
ErangaDS wrote:52 Week Range (15/06/22 - 15/06/23) , Current Market Price (CMP) & Year to Date Stock Performance (YTD) : KHL , AHUN , JETS

KHL      9.70 - 20.90
             CMP 18.00
             YTD  40% ⬆

AHUN   28.00 - 68.00
             CMP  57.50
             YTD  74.31% ⬆

JETS     5.80 - 16.50
             CMP   6.70
             YTD (42.50%) ⬇


2023 has been a struggle for JETS , price crashing from 16s to below 6 once. 
But in the last few weeks we are witnessing an excellent recovery.


The revival of Sr Lanka Tourism led hotel sector to trade 52 week higher valuations.(some are All Time High valuations) But JETS is no way near such valuations yet. 

Still no way near 52 week high or even YTD high , compared to peers JETS has a long way to go 🦬
JETWING SYMPHONY PLC (JETS.N0000) - Page 2 Img_2310

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