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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » TOKYO CEMENT COMPANY (LANKA) PLC

TOKYO CEMENT COMPANY (LANKA) PLC

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81TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty CESS Amended go for TKYO etc. Thu Jun 04, 2020 10:31 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Cess amended by 5.00 to Cement that will benefited to Tkyo cement and there are room to upward of price of Tkyo.
Also it was shown  buying pressure today itself.

82TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Fri Jun 05, 2020 12:16 pm

roshan1039


Moderator
Moderator
Can you please explain how increase of Cess beneficial to Tkyo

83TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Fri Jun 05, 2020 12:39 pm

Teller


Moderator
Moderator
Positive impact to Tokyo

84TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Fri Jun 05, 2020 1:24 pm

roshan1039


Moderator
Moderator
Can you please explain teller

85TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Fri Jun 05, 2020 1:57 pm

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The new tax imposed on imported cement. Rs. 250 for the 50 Kg bag and other other imported cement. 5/kg CESS which results Tokyo Cement which is domestically manufactured to have an advantage in terms of pricing and also increase their production capabilities to cater to the demand of cement.

In simple terms, Imported Cement got hammered with a new duty. 

Yes. I saw Tokyo with big volumes yesterday, especially on a curfew. have to get in by Monday. Future looks good for Tokyo.

86TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Fri Jun 05, 2020 2:26 pm

roshan1039


Moderator
Moderator
Thank you walstreetguy I thought it's a negative impact initially
I am full with Tkyo luck has stricken
Hope for good price

87TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Fri Jun 05, 2020 2:29 pm

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
No worries brother

88TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Fri Jun 05, 2020 3:29 pm

Teller

Teller
Moderator
Moderator
@wallstreetguy has explained it nicely . Im thinking about the cash flow of tokyo ...


_________________




Teller said is said..

89TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Fri Jun 05, 2020 4:03 pm

ResearchMan

ResearchMan
Senior Equity Analytic
Senior Equity Analytic
When current liabilities are greater than current assets the business is facing liquidity.  It is not unusual in a startup for current liabilities to exceed current assets in the first year or two. Earnings were not stable. Huge borrowings. What is your expectation on this high leverage company? 

90TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Sun Jun 07, 2020 3:42 pm

INDY 500


Senior Equity Analytic
Senior Equity Analytic
Additional tax of 250/bag for imported bags which would see them out and will increase local capacity utilization by 15-20%.
This is inline with government promoting local production of cement. This should be positive for Tokyo.

91TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Mon Jun 08, 2020 1:51 am

Cliff777


Equity Analytic
Equity Analytic
Interest rates have come down a great deal and also loan repayments are delayed by all firms. So the current situation will benefit the debt financing of TKYO.

92TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Mon Jun 08, 2020 8:19 am

Teller

Teller
Moderator
Moderator
Its look like Tokyo is in a cash flow crisis. The way how they manage will decide the future . As investors we must think earnings as well as the managing cash flows too. Who ever collect at low prices may try to dump the shares to new comers. We have seen several time same situation repeated . Some key manipulators are into this share . For me its a 'Handle with care'" share now. I think you understand . GL


_________________




Teller said is said..

Nuwancha likes this post

93TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Mon Jun 08, 2020 11:53 am

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
Yes.. for years this has happened.. manipulated again and again..  more than 20% gain is enough for me..

94TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Tue Jun 09, 2020 2:15 pm

EquityChamp

EquityChamp
Moderator
Moderator
The objective of increasing the CESS on imports is to reduce the volume of imports and to increase domestic produce by 15% to 20%. TKYO is the only listed company in CSE who produces cement locally. The move will directly increase TKYOs production volume and sales too. This is the main reason behind the current demand for the stock. I have seen the same kind of demand in last November too where the stock has run from 20s to 50+. I think entering @ 30 for a holding period of one month can give you very attractive return.

95TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Tue Jun 09, 2020 6:01 pm

dakzsl


Senior Equity Analytic
Senior Equity Analytic
Foreign selling has impacted the movement today. seems they are dumping the stocks which couldn't be done earlier as other stocks as tkyo was not moving for one month or so.

96TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Tue Jun 09, 2020 7:55 pm

EquityChamp

EquityChamp
Moderator
Moderator
@dakzsl wrote:Foreign selling has impacted the movement today. seems they are dumping the stocks which couldn't be done earlier as other stocks as tkyo was not moving for one month or so.
Only 257k shares sold at 39.1. And at the same time all quantities offered at 30 to 30.5 snapped up like hot cake. It would be interesting to see how this moves tomorrow.

97TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Tue Jun 09, 2020 8:05 pm

SUSPENS

SUSPENS
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
One famous big fish in the tank

98TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Wed Jun 10, 2020 8:30 pm

Dr_CSE


Manager - Equity Analytics
Manager - Equity Analytics
Around Rs 27 and 30 are good entry points for X and N shares respectively for anyone looking for a trade with TKYO. GL

99TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 11, 2020 9:17 am

Dr_CSE


Manager - Equity Analytics
Manager - Equity Analytics
@Dr_CSE wrote:Around Rs 27 and 30 are good entry points for X and N shares respectively for anyone looking for a trade with TKYO. GL
As this share usually moves along with ASI entry points might become lower by Rs 1.50 if ASI takes a downward trend.

100TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 11, 2020 12:09 pm

Teller

Teller
Moderator
Moderator
Avoid tokyo , its struggling with cash flow.


_________________




Teller said is said..

101TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 11, 2020 1:42 pm

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
@Teller wrote:Avoid tokyo , its struggling with cash flow.
But your Boss in the TOKYO collecting side and struggling to Collect the TOKYO Know?

102TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 11, 2020 1:48 pm

Cliff777


Equity Analytic
Equity Analytic
Few days ago he said TKYO is a good buy and now suddenly changed his mind. lol

103TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 11, 2020 1:54 pm

dakzsl


Senior Equity Analytic
Senior Equity Analytic
guys just check past comments without pointing out at each others

104TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 11, 2020 2:04 pm

Teller

Teller
Moderator
Moderator
When i says its a good buy based on the trading price . Now price moved to high and in recently Manipulators are dumping the share . I got the info about coming report last night, thats the reason i told my opinion . Remember tellers radar system in alert every where.


_________________




Teller said is said..

105TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 11, 2020 6:54 pm

roshan1039


Moderator
Moderator
Tkyo will hit 35 soon
Do your own studies and buy

106TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 11, 2020 8:19 pm

EquityChamp

EquityChamp
Moderator
Moderator
I can see a good trend reversal in TKYO-N chart despite low volumes & price weaknesses during last three days. If you have bought already better to hold. Others better to study the market behavior and decide.

TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Tkyo-n10

107TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 11, 2020 9:51 pm

EquityChamp

EquityChamp
Moderator
Moderator
I thought its good to wright some thing more on TKYO highlighting what happened, what is happening now and what will happen in future quarters.

TKYO has made a profit of 1.35bn for the 1H of 2019 compared to 0.48bn loss during the preceding year. Why they have made losses was due to increase in raw material cost and the inability to pass down the cost increases to consumer due to controlled cement prices. Then in 2019 government has allowed to increase cement prices by 100/- per bag and this has helped the company to increase the gross margins from 20% to 30% in 2019 and that's where the profits are made.

The 2 Half results announced to investors in early November and investors reacted very positively to it and that's where you all have seen the price went up from 20s to 50+ hoping a similar report in Q3 as well.

Then Q3 report was released on 29th Jan. The third quarter revenue was 1.8bn lower to 2nd quarter and as a result 543mn drop in 3rd quarter PAT to record 260mn. Investors reacted very negatively to this quarter result which brought back the stock price again to 20s with the help of Covid 19 as well. Now do we understand why 3rd quarter revenue was low. We had the presidential election going. After that a government change too happened. In the meantime lot of construction projects were also either moved slowly or put on hold so its obvious a reduction in demand for cement.

Now the fourth quarter report is due. Ideally it should be out by 31st May but delayed this time for some reason. This may be due to lockdowns for two months effectively put things on hold but it will be out by next week most probably. What can we see in that report for Q4. Can it be worse than Q3? As most of us know the delayed project works restarted during Q1 and was running smoothly until such time lock downs happened mid March. But I don't believe the two week's impact can create a major revenue loss for TKYO hence they should report more than 260mn for Q4. Even if it is 300mn still up by 50% compared to the same quarter of 2019. This will give TKYO a full year profit of close to 2bn compared to the loss of 464mn for 2019.

Now the interesting scenario of 2020. Q1 2020 will be no doubt a difficult quarter for them given that a lockdown of two months will significantly reduce their income and I am expecting a loss for them. But however from Q2 onwards what are their for TKYO for positives. The biggest one will be the imposition of higher cess on imported cement that will definitely increase their sales volumes. Next is after the conclusion of GE in early August the government will surely ramp up the construction sector which was in limbo during past five years or so. This again will be positive for TKYO. So all in all what if they manage to record the same PAT as of 2019/2020 in 2020/21 with all these developments. Then what should be the price be. Think all these and try to factor it in to the share price and see the value. Then you can decide whether the current price is an investment mode or a forget-about-it mode.

Good luck

108TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 18, 2020 11:40 am

EquityChamp

EquityChamp
Moderator
Moderator
As of 18th June TKYO-N is still trading @ 30/- Quantities are being offered @ 30/- as well as are being grabbed @ 30/- also. Looks like a consolidation is happening @ 30/-.

109TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Fri Jun 19, 2020 2:42 pm

EquityChamp

EquityChamp
Moderator
Moderator
After a fair deal of consolidation the stock price today moved to 31/-. Will this be the initial mark for the resumption of the upward movement started few weeks back.

110TOKYO CEMENT COMPANY (LANKA) PLC  - Page 4 Empty Re: TOKYO CEMENT COMPANY (LANKA) PLC Thu Jun 25, 2020 5:21 pm

EquityChamp

EquityChamp
Moderator
Moderator
After a phase of consolidation TKYO today pass the line beyond 33/- despite continued foreign selling. Investors are advised to HOLD still as going forward we may see increase in activity levels towards a positive territory.

wealth123 likes this post

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