LHW wrote:Welcome to the next growth phase of Sunshine Holdings PLC
Major developments last year-:
*Daintee Acquisition (40% Market share in confectionary segment)
*Entering to phama manufactureing business by Acquiring(M&A) Akbar Pharmaceuticals(Lina Manufacturing, and Lina Spiro) & becoming Sri Lankas only fully integrated healthcare company.
*Massive investment in the Dairy segment backed by SBI Holdings - Japan LTD
*Exiting from the energy business & forcussing on Core segments
*******All time high Oil Palm prices will be a big boost to the bottomline going forward (WATA.N)*******
Importation of milk powder will be restricted from next year
Japan’s SBI Group invests $ 2 m in Watawala Dairy Farm
“This strategic investment not only paves a path for us to support the Government’s vision to promote local milk production and achieve self-sufficiency in milk by 2025, but also validates our long-term vision and investor-friendly corporate governance framework, helping us to build confidence and attract leading global equity firms like SBI Ven Holdings.”
Basil visits Watawala Dairy Farm-Mr. Basil Rajapakse, head of the Presidential Task Force for Economic Revival and Poverty Alleviation, recently attended an observation tour of the Watawala Dairy Farm in Lonach Estate, Ginigathena, a company nes release said
The state-of-the-art dairy farm by Watawala Dairy Limited (WDL), a 100% subsidiary of Sri Lanka’s leading diversified agribusiness company Watawala Plantations, today manages a herd of 1, 600 dairy cattle with an ultramodern milking parlour which can produce over 6 million litres of fresh milk annually (17,000 litres of fresh milk per day).
*This will add fuel to the Palm oil fire.
*SUN will trade 30Bn+ valuation going forward.(current market cap - 19Bn)