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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » COCO.N and X

COCO.N and X

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1COCO.N and X Empty COCO.N and X Tue Dec 01, 2020 10:29 am

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Keep your eye on COCO and follow it.

2COCO.N and X Empty Re: COCO.N and X Tue Dec 01, 2020 12:33 pm

Teller

Teller
Moderator
Moderator
Remember we see the factors of game changer in oil palm industry early . Thats why our recommended wata,namu,elpl got 100-200% returned. In same way i have seen a huge game change factor for coco . Only experienced investors can see it . I set coco target 2X /= ( x=3,4,5)


_________________




Teller said is said..

Ruchira sm likes this post

3COCO.N and X Empty Re: COCO.N and X Tue Dec 01, 2020 12:38 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I have seen trading trend and brought today

Teller likes this post

4COCO.N and X Empty Re: COCO.N and X Tue Dec 01, 2020 2:52 pm

VS

VS
Stock Analytic
Stock Analytic
it is easily go to.. 19 on tomorrow. 20++ Laughing

5COCO.N and X Empty Re: COCO.N and X Wed Dec 02, 2020 8:56 am

krishna

krishna
Senior Equity Analytic
Senior Equity Analytic
COCO Is the next rally ....

6COCO.N and X Empty Re: COCO.N and X Wed Dec 02, 2020 12:40 pm

Teller

Teller
Moderator
Moderator
Still those who has doubts on COCO ..think below coco owns subs.
COCO owns 70% plus RAL.N0000

12.2 Subsidiary companies enjoying tax holidays at concessionary rates of tax
12.2.1Renuka Agri Foods PLC
In terms of the agreement with the Board of investment of Sri Lanka (BOI), business profit of the Company is
exempted from income tax for a period of 12 years from the date of commencement of its business, which
came to an end in the year of assessment 2011/12. Subsequently the said exemption period was extended for
another 3 years of assessment ending 2014/15 by a supplementary agreement. After the expiration of said tax
exemption period, the Company will be liable for taxation at the rate of 12%. In terms of section 59 L of the
Inland Revenue Act No. 10 of 2006, the Renuka Agri Foods PLC was entitled to a 50% tax credit on the income
tax liability of the business of food processing (both export and local sales). The same benefit can be claimed
under the Inland Revenue Act. No. 24 of 2017 based on the Gazette Notification No.2064/53 dated 01 April 2018.
Other Income is liable at reduced rate since the company’s predominantly conducting a business of exporting
goods, which is taxed at the reduced rate, as indicated above..


12.2.2Renuka Teas Ceylon (Private) Limited
The Company’s export profit is liable to income tax at a concessionary rate of 14%.
Subsidiary Companies Enjoying Tax Holidays at Concessionary Rates of Tax (Continued.)



12.2.3 Renuka Developments (Private) Limited
According to the agreements entered into with Board of Investment of Sri Lanka, the profit and income of the
Company were exempted from income tax for a period of five (5) years. This tax holiday period expired on 31st
March 1999.
From the year of assessments 2006/2007, under section 16 of the Inland Revenue Act No. 10 of 2006, the Company’s
profit was exempted from income tax for a period of five years. This tax holiday period expired on 31st March 2011.
The Company is liable to income tax at 12% on profit from agriculture from the year of assessment 2011/2012.
Company’s other income is liable for income tax at the rate of 24% / 28%.



12.2.4 Bois Bros. & Co (Private) Limited
The Company is liable to income tax at 24% / 28%..


12.2.5 Ceylon Botanicals (Private) Limited
The Company is liable to income tax at 24% / 28%.

12.2.6 Ceylon Forestry (Private) Limited
In accordance with the provisions of section 17 of the Board of Investment of Sri Lanka law No. 4 of 1978, the
Company is entitled to the following exemptions/benefits with regard to income tax;
(i) For a period of eight (08) years reckoned from the year of assessment as may be determined by the BOI,
the profits and income of the Company is exempted from tax. For the above purpose, the year of assess-
ment shall be reckoned from the year in which the Company commences to make profits or any year
of assessment not later than two (02) years reckoned from the date of commencement of commercial
operations whichever year is earlier, as specified in a certificate issued by the BOI, Sri lanka.
(ii) After the expiration of the aforesaid tax exemption period, referred to in sub clause (i) above, the profits
and income of the Company shall for each year of assessment be charged at the rate of ten per centum
(10%) for a period of two (2) years (“concessionary period”) immediately succeeding the last date of the
tax exemption period during which the profits and income of the Company is exempted from it.
(iii) After the expiration of the aforesaid concessionary period referred to in sub clause (ii) above, the profits
and income of the Company shall be charged for any year of assessment at the rate of 20%.
However, other income would be liable to Income Tax at the rate of 24% / 28% for the year.


12.2.7 Kandy Plantations Limited
According to the agreement with the BOI of Sri Lanka, the Profits and Income of Kandy Plantations Ltd were
exempt for a period of 5 years from the year of assessment in which the enterprise commence to make profit
(i.e. 2003/2004). Accordingly, the said tax holiday period was expired on 31st March 2008.
However, the profit from agriculture of the Company continued to be exempted from income tax for further 3
year of assessments ending 2010/2011, under section 16 of the Inland Revenue Act No. 10 of 2006. This tax
holiday was expired on 31st March 2011. The Company is liable to income tax at 14% on profit from agricul-
ture from the year of assessment 2018/2019 under the Inland Revenue Act No. 24 of 2017.


12.2.8 Richlife Dairies Limited
The Company is liable to income tax at 14%.
12.2.9 Shaw Wallace Ceylon Limited
The Company is liable to income tax at 24% / 28%.


Shaw Wallace Properties (Pvt) Limited
In terms of an agreement entered into with the Board of Investment of Sri Lanka, under section 17 of the Board of
Investment of Sri Lanka (BOI) Law No. 04 of 1978, the Company is exempted from income tax for a period of five
years commencing 01 April 2009. After the expiration of the said tax exemption period the profits and income of
the Company shall be charged at the rate of 10% for a period of two years immediately succeeding the last date
of the tax exemption period. After the expiration of the aforesaid concessionary tax rate of 10%, the profits and in-
come of the Company shall for any year of assessment be charged at the rate of 20% under transitional provisions
to the new Inland Revenue Act No. 24 of 2017.

12.2.11 Mayfair Foods (Private) Limited
The Company is liable to income tax at 24% / 28%.


12.2.12 Coco Lanka (Private) Limited
The Company is liable to income tax at 14%.


12.2.13 Renuka Agri Organics Limited
The enterprise shall be entitled for a tax exemption period of 4 years in terms of the Inland Revenue Act No.10 of
2006 as amended by the Inland Revenue (amendment) Act No. 8 of 2012 (Section 16C). The year of assessment
shall be reckoned from the year in which the enterprise commences to make profits or any year of assessment not
later than 2 years reckoned from the date of commencement of commercial operations, whichever comes first as
determined by the commissioner General of Inland Revenue.
This tax exemption period ended by year of assessment 2017/2018. The profit from export sales is liable to income
tax at 14%.


12.2.14 Coco Serendib (Private) Limited
The Company is liable to income tax at 14%.

12.2.15 Matale Valley Plantations (Private) Limited
The Company is liable to income tax at 14%.

12.2.16 Royal Candle Works Ceylon (Private) Limited
The Company is liable to income tax at 14%.

12.2.17 The Company and its subsidiaries applied the Notices PN/IT/2020 dated 06th May 2020 issued by the
Commissioner General of Inland Revenue in arriving at the tax liability for the year of assessment 2019/2020.
Further difference between computing current tax liability using the propose rate of 24% and existing 28%
has on immaterial impact on the Financial Statements.


Note
Current tax rate may be more attractive compare to before also



svkiruba8@gmail.com, RJ1010 and Ruchira sm like this post

7COCO.N and X Empty Re: COCO.N and X Wed Dec 02, 2020 1:11 pm

Value Pick


Manager - Equity Analytics
Manager - Equity Analytics
Very good reading material. Thanks for sharing....

8COCO.N and X Empty Re: COCO.N and X Wed Dec 02, 2020 2:41 pm

svkiruba8@gmail.com


Manager - Equity Analytics
Manager - Equity Analytics
Today Coco’s trading pattern and volume was good.... Is there any target price ???🤷🏼‍�Please Advice.. @ Mr. Teller thanking u so much for sharing and analyzing your opinion regarding coco...!

SANJAYANM likes this post

9COCO.N and X Empty Re: COCO.N and X Wed Dec 02, 2020 5:05 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
පොල් ගෙඩියක් 150 වුනොත් පුදුම වෙන්න එපා.. ඒ ඇමරිකාවෙන් ලොකු ඉල්ලුමක් තිබෙන නිසා..

10COCO.N and X Empty Re: COCO.N and X Wed Dec 02, 2020 5:26 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@fireshelter wrote:පොල් ගෙඩියක් 150 වුනොත් පුදුම වෙන්න එපා.. ඒ ඇමරිකාවෙන් ලොකු ඉල්ලුමක් තිබෙන නිසා..
 if so then what will be price of  COCO and RAL

11COCO.N and X Empty Re: COCO.N and X Wed Dec 02, 2020 6:57 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

පොල් ගෙඩියක් 150 වුනොත් පුදුම වෙන්න එපා.. ඒ ඇමරිකාවෙන් ලොකු ඉල්ලුමක් තිබෙන නිසා - ඇමති රමේෂ් පතිරණ




COCO.N and X Ramesh-Pathiran

බන වසරේදී පොල් ගෙඩියක මිල රුපියල් 150 වුවොත් පුදුම නොවන්නැයි වැවිලි කර්මාන්ත ඇමති රමේෂ් පතිරණ මහතා පැවසීය.

අද වන විට පොල් මිල ඉහළ ගොස් ඇති නිසා ආණ්ඩුවට හොඳ ඒවා අහගන්න වී ඇතැයිද ඔහු කියා සිටියේය.

අහුන්ගල්ල ප්‍රදේශයේ දී පැවති පොල් පැල බෙදා දීමක් අතරතුර ඔහු මෙම අදහස් පළ කළේය.

කොරෝනාවලින් පසු ඇමරිකාව විශාල වශයෙන් භාවිතා කිරීමට පටන් ගෙන තිබෙන නිසා මෙරට පොල්වල විශාල ඉල්ලුමක් ඇති වී තිබෙන බවද ඔහු පැවසීය.

ලංකාවේ පොල් වල හොඳම රසය ඇති නිසා මෙතරම් ඉල්ලුමක් ඇති වී තිබෙන බවද ඔහු තව දුරටත් සදහන් කලේය.

12COCO.N and X Empty Re: COCO.N and X Wed Dec 02, 2020 8:16 pm

Tradewise


Equity Analytic
Equity Analytic
Be vigilant. When price appreciates these groups go for rights. Eg Laxapana battery and renuka group. Renuka group always to this. Please dont get into these tricks. This is the season for rights and management knows it. Specially renuka group shares. Who ever recommends they will exit followers will get caught at top.

13COCO.N and X Empty Re: COCO.N and X Wed Dec 02, 2020 8:21 pm

Tradewise


Equity Analytic
Equity Analytic
Laxapana market price 19 went for RI. Renuka group price was 20 went for RI. Unverified news COCO may do the same.

14COCO.N and X Empty Re: COCO.N and X Thu Dec 03, 2020 4:07 pm

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Any KZOO profit come to COCO?

15COCO.N and X Empty Re: COCO.N and X Thu Dec 03, 2020 4:23 pm

Value Pick


Manager - Equity Analytics
Manager - Equity Analytics
@Tradewise wrote:Laxapana market price 19 went for RI. Renuka group price was 20 went for RI. Unverified news COCO may do the same.

Don’t tell unknown news here. What’s the point. Please post only the confirmed news here...

16COCO.N and X Empty Re: COCO.N and X Fri Dec 04, 2020 9:51 am

Teller

Teller
Moderator
Moderator
COCO will get the highest benefits in රේණුකා ...in simlpy Coco owns 70% Plus RAL, Richlife , matale plantation plus nearly 10 subs. Study carefully how direct impact comes to Coco.

In any type of world class valuation , We can set CoCo price 23+++++

Coco is with teller said is said certificate


_________________




Teller said is said..

17COCO.N and X Empty Re: COCO.N and X Fri Dec 04, 2020 10:05 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Now it's time to trade above Rs.20 ++++

18COCO.N and X Empty Re: COCO.N and X Fri Dec 04, 2020 10:12 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
ධනසිරි අමරතුංග පොල්ගෙඩියක් 110ට මිලට ගෙන බන්දුලගේ අම්මා මතක් කරයි..
December 3, 2020 at 10:48 pm | lanka C news
COCO.N and X Danasiri
වෙළෙඳ සැලෙන් පොල් ගෙඩියක් රුපියල් 110 කට මිලදී ගත් තමන් බන්දුල මාමාගේ මෑණියන් සිහි කල බව දෙහිවල නගර සභාවේ හිටපු සභාපති ධනසිරි අමරතුංග මහතා සමග කරයි.
තම සමාජ ජාලා ගිණුමේ සටහනක් තබමින් ඒ මහතා මේ බව සඳහන් කර තිබේ.

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