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THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000)

+2
Ekanayake90
K.R
6 posters

Go down  Message [Page 1 of 1]

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

[size=33]Kandy Hotels has become the sole shareholder of United Hotels via Rs. 3.8 b worth share swap @ 14.96 per share.[/size]


:small_red_triangle: KHC listed the following benefits to existing shareholders following the transaction. 

1. With the acquisition of the diversified hotel portfolio of UHC (and its subsidiaries) consisting of the Ekho Surf Hotel Bentota, Ekho Safari Hotel Tissamaharama, The Lake Hotel and the iconic Lake House in Polonnaruwa, KHC will enhance its tourism footprint across key tourist locations, which can cater to a wide variety of clientele

2. Provide the opportunity of a higher earnings base from the combined properties

3. Facilitate access to the significant cash reserves of UHC Group, which are primarily derived from the disposal of the investment in the Maldives as per market announcements made previously by the Parent Company (CHC PLC) that would be available for future investment purposes and or to strengthen the combined balance sheet


4. Create economies of scale and greater synergies by combining common resources, including access to the significant cash pool for future development of the properties


5. Create a much larger and a stronger balance sheet with a combined post restructure Net Asset Value of over Rs. 11 billion, based on the independent valuation report of BDO Consulting Ltd.


6. Streamline the Group structure and make its market attractive by bringing together the key hotel properties of CHC PLC Group under a single umbrella within KHC, post-acquisition


7. Provide an opportunity for KHC to seek an upward re-rating of the valuations of KHC 


KHC also said the management plans to take necessary steps to increase the public float which will be below 20% post swap within the stipulated time frame.



https://www.ft.lk/business/Kandy-Hotels-to-become-sole-shareholder-of-United-Hotels-via-Rs-3-8-b-worth-share-swap/34-744869

THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2218

ErangaDS likes this post

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

 THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) 1f53a One of the most unnoticed hotel chains in CSE 
 THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) 1f53a KHC has become the sole owner of the United Hotels Company ltd(EKKO Hotels) after the private placement
 THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) 1f53a KHC valued at RS 14.96 , based on independent valuation obtained by BDO Consulting Ltd for the private placement 


https://www.ekhohotels.com/hotels/
https://www.chcplc.com/brands/queens-hotel-kandy/

THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2221

Ekanayake90 likes this post

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics

Khc used to pay regular dividends in the past(pre Covid) & one of the few hotels who used to pay dividends.
They are sitting on a huge cash pile “$4.5 Mn” after the hotel sale in Maldives & tourism is also recovering.
We can expect a decent dividend this time around Exclamation

K.R likes this post

ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

I took a  position in this stock before covid-19. I had to sell it when I was  re-balancing my portfolio to protect capital during one black swan situation. 

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Incredible balance sheet with NAV of 13+ . The hotel portfolio includes the Queens hotel Kandy and few of Sri Lanka’s Iconic Heritage Hotels.

Truly an overlooked counter
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2210

GOSL


Senior Equity Analytic
Senior Equity Analytic

Inter day high ‘9.70 Rs touched with thin volume, highly illiquid nature will take khc to new heights🔥

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

Share Valuation Report- KHC
🔺KHC valued at RS 14.96 , based on independent valuation obtained by BDO Consulting Ltd for the private placement
https://cdn.cse.lk/cmt/announcement_portal_prod/BDO%20independent%20Share%20Valuation%20-%20%20signed%20report_1007720960679891_1078133272001984.pdf
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2223

ErangaDS likes this post

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

K.R wrote:Share Valuation Report- KHC
🔺KHC valued at RS 14.96 , based on independent valuation obtained by BDO Consulting Ltd for the private placement
https://cdn.cse.lk/cmt/announcement_portal_prod/BDO%20independent%20Share%20Valuation%20-%20%20signed%20report_1007720960679891_1078133272001984.pdf
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2223

The value been realized slowly and steadily📈

THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2224

ErangaDS likes this post

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics

All the properties including Maldives has come under KHC
This will resulting ‘KHC having the access to huge cash pile of  $4.5 Mn (Rs 1.5Bn aprox) after the hotel sale in Maldives.
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2210

ErangaDS and K.R like this post

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

K.R wrote:Share Valuation Report- KHC
🔺KHC valued at RS 14.96 , based on independent valuation obtained by BDO Consulting Ltd for the private placement
https://cdn.cse.lk/cmt/announcement_portal_prod/BDO%20independent%20Share%20Valuation%20-%20%20signed%20report_1007720960679891_1078133272001984.pdf
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2223


United Hotels Company ( Ekho Surf Hotel Bentota, Ekho Safari Hotel Tissamaharama, The Lake Hotel , the iconic Lake House in Polonnaruwa & Ceylon hotels Maldives ) has come under KHC effective from 20th July 2023 .


THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2225

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ErangaDS wrote:Incredible balance sheet with NAV of 13+ . The hotel portfolio includes the Queens hotel Kandy and few of Sri Lanka’s Iconic Heritage Hotels.

Truly an overlooked counter
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2210

Hotel Run Arrow Next in line 
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2213

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

🔺Chaudhary, who has been featured in the Forbes Billionaire’s Rich List since 2013 has a long-standing friendship with Sri Lanka and then invested in 12 other properties in partnership with Jetwing Hotels Group and Ceylon Hotels Corporation. CG Hospitality Holdings, the fast-growing hospitality vertical of CG Corp Global comprises over 141 hotels and resorts in 12 countries and 91 destinations with over 8,399 keys and is expected to grow to over 200 hotels and 10,000 keys by 2025.
http://archives1.dailynews.lk/2022/12/06/business/292531/nepalese-billionaire-binod-chaudhary-reiterates-confidence-sri-lanka

🔺Giant Chaudhary Group to expand leisure footprint in Sri Lanka
🔺We are gung-ho about Sri Lanka’s tourism industry says Managing Director and CEO Rahul Chaudhary
🔺Open to revenue sharing, leasing, management contracts or management cum part-equity arrangements
https://www.ft.lk/top-story/Giant-Chaudhary-Group-to-expand-leisure-footprint-in-Sri-Lanka/26-751131
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2232
🔺🔺With the acquisition of United Hotels bought together the key hotel properties of Ceylon Hotels Corporation PLC(CHOT) under a single umbrella within KHC

ErangaDS likes this post

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

K.R wrote:Share Valuation Report- KHC
🔺KHC valued at RS 14.96 , based on independent valuation obtained by BDO Consulting Ltd for the private placement
https://cdn.cse.lk/cmt/announcement_portal_prod/BDO%20independent%20Share%20Valuation%20-%20%20signed%20report_1007720960679891_1078133272001984.pdf
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2223


Since the country has seen a revival in the tourism sector, recording 143, 039 tourist arrivals for July, the highest monthly arrivals recorded for the year, a positive impact was seen yesterday in hotel sector shares, market analysts said.
In the first seven months, Sri Lanka welcomed 767, 913 visitors, compared to 719, 978 during the same period the previous year. India was the top tourist traffic generator, accounting for 16 percent of total arrivals.

https://island.lk/increasing-tourist-arrivals-rendering-hotel-sector-shares-attractive/#google_vignette

ErangaDS likes this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

CMP 9.60
Private Placement valued at 14.96
Hotel Sector 🔥
KHC has long way to go.
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2215

K.R likes this post

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

New 52 high : 10.60 🔥
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2238
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2239

ErangaDS likes this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Parent CHOT has started to move. 🦬
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2217

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

Perahara Season , ASIA cup  &  KHC elephant🏏

🔺Asia Cup in Kandy : Sri Lanka asks homes to register as hotels fully booked
https://www.newswire.lk/2023/08/25/asia-cup-in-kandy-sri-lanka-asks-homes-to-register-as-hotels-fully-booked/

🔺KHC Kandy Portfolio_
1) Queen’s Hotel Kandy   - 92 rooms
2) Hotel Suisse Kandy     - 90 rooms
3) Raddison Hotel Kandy - 122 rooms

🔺Ongoing quarter will be one of the best quarters of the KHC history.
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2315
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2317

ErangaDS likes this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Rs. 300,000 per night 🫡
That is how we can be benefited from rising INDIA 🇮🇳

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Kandy Hotels Company PLC (KHC)

Kandy hotels (KHC) has portfolio of 9 hotels with 516 hotel rooms in 7 tourist areas in sri lanka & investments in Maldives.

Hotel Portfolio of KHC
1) Queen’s Hotel Kandy - 92 rooms
2) Hotel Suisse Kandy - 90 rooms
3) Raddison Hotel Kandy - 122 rooms

EKHO HOTELS
All the properties of CHOT including Maldives has come under KHC
4) EKHO Surf Bentota - 100 rooms
5) EKHO Safari Thissamaharama - 50 rooms
6) EKHO Lake House Polonnaruwa - 14 rooms
7) EKHO Sigiriya - 20 rooms
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) 1f60e EKHO Ella - 14 rooms

9) EKHO Weligama - 14 rooms 

THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2314

Ekanayake90 likes this post

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics

Ekanayake90 wrote:All the properties including Maldives has come under KHC
This will resulting ‘KHC having the access to huge cash pile of  $4.5 Mn (Rs 1.5Bn aprox) after the hotel sale in Maldives.
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2210
Volumes are picking up
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2310

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The EKHO Surf Hotel - Bentota, the 100 room Resort of United Hotels Company Limited, a fully owned subsidiary of KHC has commenced the Refurbishment of the hotel with an estimated cost of approximately Rs.250,000,000/=. The funding of the refurbishment will be out of available cash reserves of the Group.

🔸KHC is sitting on a huge cash pile “$4.5 Mn” (Rs 1.4Bn) after the hotel sale in Maldives & Private Placement valued at 14.96
https://cdn.cse.lk/.../Signed%20-%20Corporate...
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2410

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

While KHC is sitting on a $4.5 Mn (RS 1.5Bn) cash pile 💰

Rs. 700 b tourism debt bomb ticking

*Sans fresh borrowing, tourism industry debt has doubled due to high interest rates and accumulation of capital and interest payable
*Experts say tourism debt is unsustainable and could top Rs. 1 t in next few years risking industry’s and baking sector viability
*Tourism industry calls for freeze of repayment till mid-2024 year and rescheduling of outstanding over 10 years

https://www.ft.lk/front-page/Rs-700-b-tourism-debt-bomb-ticking/44-755149

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ErangaDS wrote:

Kandy Hotels Company PLC (KHC)

Kandy hotels (KHC) has portfolio of 9 hotels with 516 hotel rooms in 7 tourist areas in sri lanka & investments in Maldives.

Hotel Portfolio of KHC
1) Queen’s Hotel Kandy - 92 rooms
2) Hotel Suisse Kandy - 90 rooms
3) Raddison Hotel Kandy - 122 rooms

EKHO HOTELS
All the properties of CHOT including Maldives has come under KHC
4) EKHO Surf Bentota - 100 rooms
5) EKHO Safari Thissamaharama - 50 rooms
6) EKHO Lake House Polonnaruwa - 14 rooms
7) EKHO Sigiriya - 20 rooms
THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) 1f60e EKHO Ella - 14 rooms

9) EKHO Weligama - 14 rooms 

THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2314

November 2023 records highest monthly tourist arrivals since Pandemic


November recorded 151,496 arrivals, the previous highest was 207,507 in Feb 2020



Idea 200,000+ tourist arrivals form December and 2.5 Mn for 2024


Idea Kandy hotels (KHC) has portfolio of 9 hotels with 516 hotel rooms in 7 tourist areas in Sri Lanka 

THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Img_2511

24THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000) Empty Mahaweli Reach Hotels (MRH.N) Wed Apr 24, 2024 11:23 pm

SL-INVESTOR

SL-INVESTOR
Manager - Equity Analytics
Manager - Equity Analytics

Mahaweli Reach Hotels.
Most hotels trading above it's NAV except few.
Most undervalued and untouched counter MRH.N

NAV -43 
Market Price- 15

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