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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

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RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
RICHARD PIERIS AND COMPANY PLC (RICH.N0000) - Page 7 B0789c10

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Basu wrote:
what are you think about RICH ? Most proper thing is buying or selling ?subash81 wrote:PVC Operations Arpitech (Pvt) Ltd engaged in manufacturing of Polyvinyl Chloride products, offering an assortment of products consisting of PVC pipes, PVC fittings, Conduit pipes, Conduit fittings, Garden Hoses and Rain convey systems to the market and is highly regarded by Sri Lankans for the quality of the products.

It was a noteworthy year for Arpico PVC as the company managed to become Sri Lanka’s first ISO 9001:2015 Certified PVC Pipes & Fittings Manufacturer. The new certification obtained during the year followed by the Sri Lanka Standards (SLS) certifications obtained for its range of products, a few years ago has increased the strength of the operation in the industry (AR)

RICH has good future with government water for all projects

CIND and Arpico PVC (That is RICH group) are the two main manufacture of PVC pipes and fitting in sri lanka

CIND price went up from Rs 70 to 100 within few weeks

RICH still around 15 and can to go 20

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
PVC operation may become one their top income earners for the next 4 years. Their rubber Plantations will have an increased demad with the new tyre plant and expansion of Kelani Tyre. Price should move beyond 20 for sure

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
RICH Technical Analysis

·         Weekly

Summary: Strong Buy

Moving Averages: BuyBuy (12)Sell (0)

Technical Indicators: Strong BuyBuy (9)Sell (1)

Pivot PointsNov 21, 2020 07:10AM GMT

Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
13.26
14.13
15.06
15.93
16.86
17.73
18.66
Fibonacci
14.13
14.82
15.24
15.93
16.62
17.04
17.73
Camarilla
15.51
15.67
15.84
15.93
16.16
16.33
16.49
Woodie's
13.30
14.15
15.10
15.95
16.90
17.75
18.70
DeMark's
-
-
15.50
16.15
17.30
-

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
RICH next upward trend may to be starting soon. Better to be keep on eye... Very Happy



Last edited by DamithAsian on Tue Dec 01, 2020 10:07 am; edited 1 time in total (Reason for editing : jjj)

Value Pick


Manager - Equity Analytics
Manager - Equity Analytics
RICH is long overdue now...

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Expect it to be a big mover in one or two weeks time

Tradewise


Equity Analytic
Equity Analytic
Till start journey on from 15. They have much benefits from beget.

Vishwanarth likes this post

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Tradewise wrote:Till start journey on from 15. They have much benefits from beget.

Yes
Around 50% return possible based on current market price 14/15

Mr. X

Mr. X
Manager - Equity Analytics
Manager - Equity Analytics
Net asset half of current trading price. Upto 6 months performance is good, but not exceptional. I noticed followings,

6 months performance
Gross profit level is same as 2019
Admin and S&D dropped - (may be due to pay cuts in salaries and commissions due to Covid)
Finance cost dropped - rate drops due to Covid

I see the total increase in profit 1bn is from Admin and S&D drops.. So once situation comes back to normal these 2 will increase drastically... 

Isn't it too risk to enter at this point ???

Please share your thoughts and If anyone details about budget support level to this company???

gamini123 likes this post

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
RICH benefits from government water for all projects as Arpico is one of the leading manufacturers of pvc pipes and fittings 

Their subsidiaries performing better 

TYRE - more demand 
REXP- consistently performing well
NAMU- high palm oil price, can expect better result than September etc

Mr. X and Vishwanarth like this post

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
As soon as if any tender award news, Rich will rocket 😊

judecroos likes this post

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@subash81 wrote:RICH benefits from government water for all projects as Arpico is one of the leading manufacturers of pvc pipes and fittings 

Their subsidiaries performing better 

TYRE - more demand 
REXP- consistently performing well
NAMU- high palm oil price, can expect better result than September etc

TYRE is not a subsidiary of RICH??

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Promoney wrote:
@subash81 wrote:RICH benefits from government water for all projects as Arpico is one of the leading manufacturers of pvc pipes and fittings 

Their subsidiaries performing better 

TYRE - more demand 
REXP- consistently performing well
NAMU- high palm oil price, can expect better result than September etc

TYRE is not a subsidiary of RICH??

Please read AR

TYRE SECTOR
The Group’s Tyre sector has revolutionized the tyre manufacturing industry in Sri Lanka, effectively placing the country on the global map as a reliable and high quality manufacturer of tyres. The Tyre sector of the Group is made up of four companies, namely, Richard Pieris Tyre Company Limited, Arpidag International (Pvt) Limited, Richard Pieris Rubber Compounds Limited and BGN Industrial Pvt Ltd

judecroos likes this post

dhanushkacse


Equity Analytic
Equity Analytic
@subash81 wrote:
@Promoney wrote:
@subash81 wrote:RICH benefits from government water for all projects as Arpico is one of the leading manufacturers of pvc pipes and fittings 

Their subsidiaries performing better 

TYRE - more demand 
REXP- consistently performing well
NAMU- high palm oil price, can expect better result than September etc

TYRE is not a subsidiary of RICH??

Please read AR

TYRE SECTOR
The Group’s Tyre sector has revolutionized the tyre manufacturing industry in Sri Lanka, effectively placing the country on the global map as a reliable and high quality manufacturer of tyres. The Tyre sector of the Group is made up of four companies, namely, Richard Pieris Tyre Company Limited, Arpidag International (Pvt) Limited, Richard Pieris Rubber Compounds Limited and BGN Industrial Pvt Ltd
RICH net profit gradually reduce from 2017. Net profit margin is less than 4%.Trade 1.7 higher than NAV. Dividend payout ratio is more than 80% which is not fair when considering company growth. Only considerable sectors and Richard peris export and plantation.

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
RICH has the best growth sectors going for it
-PVC pipes
-Oil palm plantations
-Rubber plantations
-Rubber exports
-Tyre manufacturing
-Plastic manufacturing (due to import restrictions on Plastic products)
-Arpico supermarkets

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Promoney wrote:RICH has the best growth sectors going for it
-PVC pipes
-Oil palm plantations
-Rubber plantations
-Rubber exports
-Tyre manufacturing
-Plastic manufacturing (due to import restrictions on Plastic products)
-Arpico supermarkets

Yes, with December result SP will reach 20+
50% gain possible with current price

100Bill

100Bill
Senior Equity Analytic
Senior Equity Analytic
book your seat, to watch the show..... Arrow

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@100Bill wrote:book your seat, to watch the show..... Arrow

Yes
Last few days nicely controlled the price and bought huge quantities below 15

20+ for sure in January

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
RICH can be move. I will put the chart the end of the day.....

RJ1010 and Win Win like this post

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@stockback wrote:RICH can be move. I will put the chart the end of the day.....

@stockback do you have a Twitter ac where you post charts?

judecroos likes this post

Champ888


Manager - Equity Analytics
Manager - Equity Analytics
Last week there was a massive collection on RICH around Rs 15

Next short term target would be 17+

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
For 3 days in a row everything at 15 were absorbed

Champ888


Manager - Equity Analytics
Manager - Equity Analytics
Yes. Last few days over 1M shares traded every day.

Now selling has finised around 15. This week this will run surely.

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Again over 1million traded yesterday above 15

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