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ErangaDS likes this post
ErangaDS wrote:Excellent quarter0.79 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
K.R likes this post
K.R likes this post
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%)
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Maharaja, ErangaDS and SamJay1974 like this post
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.
K.R likes this post
ErangaDS likes this post
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.
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