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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » IMMINENT PRICE INCREASE OF TOKYO CEMENT AND MUCH AWAITED BULL RUN

IMMINENT PRICE INCREASE OF TOKYO CEMENT AND MUCH AWAITED BULL RUN

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Athula Prasanna


Stock Trader

IMMINENT PRICE INCREASE OF TOKYO CEMENT AND MUCH AWAITED BULL RUN

Special small investors and new comers should grab the opportunity to accumulate the shares to maximize profits before announcement comes. This may come and moment.

Prices were brought to unrealistic level by some manipulators due to drop in profits in the first quarter for the reasons well known. For instance Tokyo X was brought down from Rs. 57 to 38.

We expect an increase of 50% in prices from current level of Rs. 45 and 52 for non-voting and voting within a short period after the announcement.

Medium term it is possible for both share to rise above Rs. 120 and 130 with the commissioning of new plant capacity increase from 2.8 M in to 3.8 M tons (35% increase) and more favoural conditions.

Do not miss

Consultant

ADVENTUS likes this post

LHW

LHW
Senior Equity Analytic
Senior Equity Analytic

According to internal government sources, a final decision is to be taken regarding the proposals to increase the prices of cement, milk powder and gas, at this meeting.

https://srilankamirror.com/news/25146-special-cabinet-meeting-tomorrow

ADVENTUS likes this post

LHW

LHW
Senior Equity Analytic
Senior Equity Analytic

According to State Minister Lassana Alagiyawanna price controls imposed on Cement, LP Gas, Milk Powder & Wheat Flour will be removed.

https://www.newswire.lk/2021/10/07/government-removes-price-control-imposed-on-four-products/

agentnrox and ADVENTUS like this post

LHW

LHW
Senior Equity Analytic
Senior Equity Analytic

Cement companies have decided to increase the price of a 50kg cement bag by Rs 93 and the new price is Rs. 1098.

https://www.newswire.lk/2021/10/11/price-hikes-cement-wheat-companies-announce-new-price/

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Cement companies say the price of cement will be increased by Rs. 93 per 50 kgs bag from today

ADVENTUS likes this post

cwij5252


Equity Analytic
Equity Analytic

Tokyo annual production is 3.8m tons (2.8m + 1m). The price official price hike is 93 rupees
At 93 see the workings:-

3.8m tons  = 3.8m x 1000kg = 3.8 x 20bags x Rs.93 = Rs. 7.068b
You can guess where Tokyo will go !!!

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