TEEJAY LANKA PLC (TJL.N0000)

Good share which hasn’t been moving as expected yet. Hopefully it will hit 40+ levels with foreign inflow coming too

They are running fully capacity till February and may be the best financial year of the TJ history. Worth to collect around 33 and will hit 50 before end of this year.

Hi all,

To be honest, i have doubt about TJL performance in term of profits cf. last year. 

TJL could have lost its orders from its high profitable buckets namely the USA and EUROPE branded clothing manufacturing due to COVID 

Instead they have the chance for massive amounts orders for PPE masks and any shifts in manufacturing coming from South Asian countries which is the positive. This is mainly because of COVID19 and US/CHINA trade tension.

Therefore, there is high likelihood that TJL will achieve impressive top line but profits same as last year is a challenge due shifts in types of businesses profitability from High profit buckets to low buckets

Good Luck

Seems like a good time to collect at the low 30's prices

@Stockmudalali wrote:

@Champ888 wrote:Any news on TJL regarding thier orders and current performance after COVID? Is it good price to buy at 30?

They are manufacturing personal protection equipment (PPE) at full capacity. 

Indian factories are all manufacturing hazmat type suits for the Indian COVID19 effort and production is at full capacity. The demand is so high that the Indian govt. has banned export of PPE suits to the global market.

Sri Lankan factories are exporting cotton face masks. 

Demand for cotton masks may peak within 3-4 months, but the demand for PPE hazmat suits being used in India will continue for longer I think as they are being used in medical settings.

https://economynext.com/brandix-apparel-plants-in-sri-lanka-india-making-ppe-in-covid-19-battle-69553/

Will TJL.N get affected by the Brandix COVID hit ?

@lakymahesh wrote:

@Stockmudalali wrote:

@Champ888 wrote:Any news on TJL regarding thier orders and current performance after COVID? Is it good price to buy at 30?

They are manufacturing personal protection equipment (PPE) at full capacity. 

Indian factories are all manufacturing hazmat type suits for the Indian COVID19 effort and production is at full capacity. The demand is so high that the Indian govt. has banned export of PPE suits to the global market.

Sri Lankan factories are exporting cotton face masks. 

Demand for cotton masks may peak within 3-4 months, but the demand for PPE hazmat suits being used in India will continue for longer I think as they are being used in medical settings.

https://economynext.com/brandix-apparel-plants-in-sri-lanka-india-making-ppe-in-covid-19-battle-69553/

Will TJL.N get affected by the Brandix COVID hit ?

I think brandix is one of major shareholder of TJL

@lakymahesh wrote:
Will TJL.N get affected by the Brandix COVID hit ?

this is what i seen.

Saw some positive signs
Any thoughts on this

Steady collection going on. Maybe investors expecting a good report and maybe dividends?

Any updates on this?. Especially given EU's concern on import restrictions can it have adverse effect on orders from EU, or negative impact on GSP+ ?

@KingKong wrote:Any updates on this?. Especially given EU's concern on import restrictions can it have adverse effect on orders from EU, or negative impact on GSP+ ?

Highly doubt. No issues with GSP+ as well, based on the recent EU statement. People seem to be rallying behind tjl now for some reason.

TJL collection is on the card.

Move above 40 in next 2 Months

@Champ888 wrote:TJL collection is on the card.

Move above 40 in next 2 Months

Dear Teller

Do you have any latest update on this pls???

@Champ888 wrote:TJL collection is on the card.

Move above 40 in next 2 Months

Almost there, may go well above. Next quarter may be good. Dividends in Feb ?

TJL seems to be gearing up for a good run. Heavy trading in recent past and 39/-ish looks to be the support level even during recent market correction times. Good volumes today also. 

Q3 is expected to be better than Q2 and Q4 will be better than Q3 which may result in a EPS better than last FY. Plenty of foreign holding in top 20. Also its no brainer that LKR will depreciate against the USD in 2021 and TJL is definitely one of the beneficiaries. Capacity expansion + dividends in jan/feb perhaps will probably make this counter appreciate further.

This is not a BUY/SELL recommendation. DYOR.

Forign interest in Teejay