@Value Pick wrote:TKYO is @ a big risk now. It’s prudent to wait for another couple of quarters to see the actual hit from the new cement bagging business from MELS & the outcome of the proposed largest cement manufacturing company in Hambantota. I have doubts about a run in TKYO but people will start selling it temporarily once any price improvement witness in the board.
Local cement production is not enough to cater domestic demand, that's the reason in the budget too they gave provision to import cement.
TKYO has no issues with new players at least for next 3-5 years as more and more construction will pick up and demand will increase
Many broker firm recommended TKYO with target price 85-100