FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Maharaja Foods PLC (MFL) - IPO Analysis
by ChooBoy Mon Jul 22, 2024 12:27 am

» කොළඹ කොටස් වෙළඳපොල විශ්ලේෂණය - 2024
by ChooBoy Fri Jul 19, 2024 11:53 am

» Winds of Change: Sri Lanka's Banking Crisis is Stalling Renewable Energy Ambitions of Local Stalwarts of Wind & Solar Power
by God Father Wed Jul 17, 2024 10:11 pm

» Banking Sector Analysis
by God Father Sat Jul 13, 2024 7:57 am

» Impact of Elections on Colombo Stock Market Sentiment
by Quibit Tue Jul 09, 2024 9:01 am

» LankaBIZ Unveils AI-Driven On-Demand Financial Research and Analysis Service
by Quibit Thu Jul 04, 2024 12:49 pm

» CDB Non voting
by Nandun Sun Jun 30, 2024 9:45 pm

» The Parsi Power Play: How a Small Community of Iranian Parsis are Controling Sri Lanka's US $ 85 billion Economy & 22 Million Population & Politics driving away FDIs
by MalakaDesmond Sun Jun 30, 2024 10:19 am

» Richard Pieris Group: Mismanaged?
by Walbaba Sat Jun 29, 2024 7:04 pm

» සොෆ්ට්ලොජික් හෝල්ඩිංග්ස් පීඑල්සී: අඳුරු අපේක්ෂාවන් සහිත ඉහළ අවදානම් ආයෝජනයක්
by D.G.Dayaratne Tue Jun 25, 2024 5:45 am

» සොෆ්ට්ලොජික් ප්‍රාග්ධනයට වන්දි ගෙවන Share BuyBack නිසා Softlogic ජීවිත රක්‍ෂණය බංකොලොත් වීමේ අවදානමක
by MalakaDesmond Tue Jun 25, 2024 1:49 am

» Softlogic Life insurance face Danger of Bankruptcy due to Share BuyBack that compensate Softlogic Capital
by MalakaDesmond Tue Jun 25, 2024 1:33 am

» Softlogic Holdings PLC: A High-Risk Investment with Bleak Prospects
by MalakaDesmond Tue Jun 25, 2024 12:52 am

» FINANCE AND LEASING SECTOR
by SL-INVESTOR Sat Jun 22, 2024 12:48 am

» HSENID BUSINESS SOLUTIONS PLC (HBS.N0000)
by ErangaDS Wed Jun 19, 2024 9:21 pm

» How will proposed Tax Reforms affect Sri Lankans in 2025
by Quibit Wed Jun 19, 2024 9:27 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by ChooBoy Tue Jun 18, 2024 11:31 pm

» Impact of IMF reforms to Sri Lanka Economy
by D.G.Dayaratne Mon Jun 17, 2024 6:36 pm

» Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
by ddindika Mon Jun 17, 2024 3:17 pm

» Richard Pieris Exports reports 97% decline in Net Profits
by Biggy Sat Jun 15, 2024 11:26 am

» Do your own Stock Market Research using AI Tools
by Quibit Fri Jun 14, 2024 10:50 am

» What will happen tomorrow?
by cheetah Thu Jun 13, 2024 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Asia Securities and First Capital Set Target Price For CTC Rs.1500

3 posters

Go down  Message [Page 1 of 1]

sakuni


Manager - Equity Analytics
Manager - Equity Analytics

We value CTC at LKR 1,500.00/share. BUY Following revisions to our estimates, our new DCF-based valuation of the stock gives us a revised TP of LKR 1,500.00/share CTC has reverted to its 100.0% payout policy, and we estimate a dividend of LKR 131.00/share for CY23E (representing a dividend yield of 13.3% at current price). Our target price corresponds to an implied P/E multiple of 9.6x CY23E EPS, at a significant discount to CTC’s 10-year P/E multiple average of ~14.2x. Maintain BUY. At this point, key risks to our rating are i) delayed recovery in the tourism and agriculture sectors, ii) further increases in taxes, and iii) steep currency depreciation. BUY.


(From Asia Securities)




Asia Securities and First Capital Set Target Price For CTC Rs.1500 Ctc_bu10


CTC yet again executed an outstanding performance during 2Q2023 on the back of sky-high cigarette prices resulted by the tax led price increase in line with the government revenue proposals, establishing its inelastic domain in the Food, Beverage and Tobacco sector as well as in the overall market. CTC recorded earnings of LKR 6.2Bn during 2Q2023, a growth of 85.9%YoY and 4.1%QoQ, exceeding our expectations due to net revenue margins expanding beyond our targets, while the volume dip partly offsetting the impact to earnings. We expect the earnings trend to continue with the expected economic recovery, consistent resurgence of tourist arrivals and the unexpectedly rapid decline in inflation, which is set to bolster consumer purchasing power offsetting the adverse effects from lower volumes. Even though the illicit market remains a major threat towards the legal industry, considering the boons which may overpower the banes we upgrade our earnings for 2023E to LKR 27.2Bn and LKR 32.1Bn for 2024E. Though fair value for 2023E remains static at LKR 1,200.0, we upgrade fair value for 2024E to LKR 1,500.0 (LKR 1,400.0 in 1Q2023) on a stronger anticipated growth outlook justifying future growth potential witnessed by the share price growth of 24.4%QoQ and 61.1%YoY significantly outperforming the ASPI. MAINTAIN BUY.

nilantha suranga likes this post

nilantha suranga


Equity Analytic
Equity Analytic

Great Stock. Very Happy
100% Dividend Payout 
Tourist arrival 
Delist will happen.
Earnings improvement.

rukshan1234


Manager - Equity Analytics
Manager - Equity Analytics

nilantha suranga wrote:Great Stock. Very Happy
100% Dividend Payout 
Tourist arrival 
Delist will happen.
Earnings improvement.
this month earning should increase due to tourism. six times  dividend cover annually   from this stock.
Great. Smile

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum