Hard to find a reason to sell – RIL Property

David VKMS wrote:

RIL  property PLC is the business of Develop and manage Grade ‘‘A’’ commercial office space in selected core markets in the Colombo Business District (CBD) whilst offering multi-faceted real estate solutions including facilities management, leasing, land acquisition, construction management services, consulting and strategic investment.

Further RIL own 100% stake in Bread Talk and 51% on United Motors Lanka PLC. UML’s locally assembling and marketing of f DFSK and Z100 vehicles which have good demand.  

Financial

6 months EPS   = Rs. 0.38 (Q2 EPS – Rs. 0.40)

Estimated (Pessimistic)

EPS 20/21e     =  Rs.1.08

PE                     =  7.7X

Net asset value per share:  Rs.22.42

PBV        = 0.37

RIL property estimated target price of 12.20 in the short to medium term.

(Sector PE 62.54x , Market PE – 11.30x  and Sector PBV – 0.83)

Karthick wrote:

David VKMS wrote:

RIL  property PLC is the business of Develop and manage Grade ‘‘A’’ commercial office space in selected core markets in the Colombo Business District (CBD) whilst offering multi-faceted real estate solutions including facilities management, leasing, land acquisition, construction management services, consulting and strategic investment.

Further RIL own 100% stake in Bread Talk and 51% on United Motors Lanka PLC. UML’s locally assembling and marketing of f DFSK and Z100 vehicles which have good demand.  

Financial

6 months EPS   = Rs. 0.38 (Q2 EPS – Rs. 0.40)

Estimated (Pessimistic)

EPS 20/21e     =  Rs.1.08

PE                     =  7.7X

Net asset value per share:  Rs.22.42

PBV        = 0.37

RIL property estimated target price of 12.20 in the short to medium term.

(Sector PE 62.54x , Market PE – 11.30x  and Sector PBV – 0.83)

True, but after the financial report, you can expect a very good price hike.