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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Now who says Palm Oil results are down?

Now who says Palm Oil results are down?

Go down  Message [Page 1 of 1]

1Now who says  Palm Oil results are down? Empty Now who says Palm Oil results are down? Tue Feb 15, 2011 6:16 am

venuja


Stock Analytic
Stock Analytic
There are four companies listed under this sector in CSE.
01. BUKI
02.SHAL
03.GOOD
04.SELI

Now just visit CSE site & see their performances for the Dec Q 2010 & 9 months results as at 31/12/2010. All of these companies reported improved profits for the Q as well as for the nine months.

In case of BUKI just see the Group results or consolidated results since now it is almost a diversified company. Even after split of 10 shares for 01 held their nine months EPS & NAV figures have not diluted that much.(Just check)EPS dropped slightly from Rs 35.24 to Rs 30.60 (Don't forget this is soon after 10 for 1 split).Their top line revenue growth is significant & they have reported this profit growth even after a 87% drop or almost Rs 1.0b.n drop in exchange Gain/loss. So to me these results are superior & will continue to report further increase in their bottom line in this Q due to sharp increase in Palm oil prices.

What i see is some people are here trying to catch the bus by spreading misleading information saying that Oil palm company reported negative growth as at 31/12/2010. I can't understand why is this?

Yes these companies historically traded to a premium to the mkt & will continue to do so in future as well due to its illiquid positions & high share prices.To me BUKI is one of safest investment in CSE today. But this share is not for trading or for other promotions of short term traders. This is for the investors who like to see a genuine long term wealth.

Thanks & just correct me if i,m wrong.



Last edited by venuja on Tue Feb 15, 2011 7:02 am; edited 1 time in total

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Comment withdrawn by author.



Last edited by tubal on Tue Feb 15, 2011 9:12 am; edited 1 time in total (Reason for editing : Orignal comment was a bit unfair i misunderstood the poster's intent)

3Now who says  Palm Oil results are down? Empty Now who says Palm Oil results are down? Tue Feb 15, 2011 7:05 am

venuja


Stock Analytic
Stock Analytic
Tubal don't talk like that. Just answer to my Q. I put it genuinely. There's no Spin in my post or no hidden agenda. Just tell me if you can see something different to me.

Thanks.

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Ok, since you asked for it.

Saying BUKI almost maintained EPS despite split is pure BS. The previous years EPS is restated. So BUKI EPS has declined by 10% look in those financial statements that you have referred to above.

BUKI price has increased by 81 percent over the last three days (where as it should really have dropped by 10%)

SHAL profits up 600% YoY - yes that's great. The share price has increased only 50% this share might have some upside. Conceded.


GOOD profits up around 10% share price up 131%

SELI profits up 85% share price up 61% about right I guess.

you forgot CARS
Earnings down 11% share price up 35%

Don't lead lambs to the slaughter house. There are plenty of company that have shown huge earnings growth while the share price hasn't appreciated by such large amounts.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@venuja wrote:There are four companies listed under this sector in CSE.
01. BUKI
02.SHAL
03.GOOD
04.SELI

Now just visit CSE site & see their performances for the Dec Q 2010 & 9 months results as at 31/12/2010. All of these companies reported improved profits for the Q as well as for the nine months.

In case of BUKI just see the Group results or consolidated results since now it is almost a diversified company. Even after split of 10 shares for 01 held their nine months EPS & NAV figures have not diluted that much.(Just check)EPS dropped slightly from Rs 35.24 to Rs 30.60 (Don't forget this is soon after 10 for 1 split).Their top line revenue growth is significant & they have reported this profit growth even after a 87% drop or almost Rs 1.0b.n drop in exchange Gain/loss. So to me these results are superior & will continue to report further increase in their bottom line in this Q due to sharp increase in Palm oil prices.

What i see is some people are here trying to catch the bus by spreading misleading information saying that Oil palm company reported negative growth as at 31/12/2010. I can't understand why is this?

Yes these companies historically traded to a premium to the mkt & will continue to do so in future as well due to its illiquid positions & high share prices.To me BUKI is one of safest investment in CSE today. But this share is not for trading or for other promotions of short term traders. This is for the investors who like to see a genuine long term wealth.

Thanks & just correct me if i,m wrong.

Venuja,

The issue is does these prices justify their earnings on fundamentals. Especially BUKI and GOOD ?

6Now who says  Palm Oil results are down? Empty Now who says Palm Oil results are down? Tue Feb 15, 2011 7:51 am

venuja


Stock Analytic
Stock Analytic
Tubal,

Thanks for the answer. But i mentioned only the Palm oil companies not CARS or others in the group. What you are telling is correct logically. But this is how these companies traded in the mkt for last couple of years. Even in some years these companies make massive losses. But shares were traded above Rs 500 levels if I'm not mistaken. Just check the past company results of these companies. In early days (5 or 6 years back) no body even look at the mkt & no body talks about the mkt. But now every body is in the mkt & wants to talk in every thing.

I don't mind share prices of these companies going up or doing down, but what i want to say is this is the pattern or trend of these shares. Specially CARS group shares always traded with a premium to the mkt.

Just explain why WAPO is trading above Rs 10000 levels. There's nothing at all.But people who can identify the real value is buying this to get a return after a period of 5 or 6 years. Sometimes we both don't know the real reason behind this.

In these forums you get different type of people. Some are real manipulators they wants to push up their shares & some others wants to push down share prices to the rock bottom levels. Both these ways are not good for the long term stability of the mkt.

We got some other kind of investors as well. Some go to strong fundamentals & some go to weak fundamentals but companies have promising future.A company with poor fundamentals may become a value share withing couple of years in future who knows? Eg. BFL,DIST,AHPL,ACAP,HASU,AAIC,CON,LCEY,CFLB, etc etc ...... there are lot of examples to give. prices of all these shares were below Rs 10 levels 3 / 4 years back.Just look at the corporate results of these companies Today.

But don't manipulate the shares in both ways. Best thing is don't follow others.

Don't ruin the mkt in both ways. Share trading is not a short term playing field. It is a decision that you are taking today for your long term future.

In case of GOOD this visit this link - http://srilankastockpicks.blogspot.com/2011/02/goodhope-singapore-in-acquisition-drive.html

Thanks.

analyst123


Stock Trader
If you really look at what has happened you may notice a few index heavy shares almost doubling, while every other share is slowly losing value.
ASPI looks to be flying, but this is not the real case with the portfolio performance (Unless you are not in to Carsons Group)
What I feel that some parties may have taken on the responsibility of making sure the market performance has not dropped, despite all the natural disasters and other problems in the country. They may have found an easier and a cheap method to push the ASPI past 8000 using a few illiquid, index heavy stocks.
I am not pointing any fingers, but just an idea for you to ponder on.....

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@venuja wrote:

But don't manipulate the shares in both ways. Best thing is don't follow others.

Don't ruin the mkt in both ways. Share trading is not a short term playing field. It is a decision that you are taking today for your long term future.

Venuja, what happened yesterday and friday is the manipulation.
Buying long term is to have bought these shares in November and December by identifying their potential. Buying now is called buying at the top. Following the herd (now in your own post didn't you say that's not a good idea?).

People who buy at the top automatically become long term investors
Very Happy

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Annual reports and next quarter results could be good any business can have slight variation long term these STOX generally perform well. These shares do not come down with various rumors etc. They maintain share values once they achieve something good regardless of all those things.

10Now who says  Palm Oil results are down? Empty Now who says Palm Oil results are down? Tue Feb 15, 2011 8:59 am

venuja


Stock Analytic
Stock Analytic
Dear Tubal,

Now just see you have analyze & reported in Broadway to my Q in your first answer. There you are of the opinion that SHAL has room to go up. That analysis is very good & fair by any means. But yesterday i saw in one thread all were going against all the shares even with you.

Since you are a good analytical person be fair to both sides in all the time. So that investors can take a decision what ever they can.

Entering to a share should be decided by the investors by own. Otherwise you can see a mkt that is not going up or stagnated for years without giving any return to the investors. Its a pure individual decision.

I'm not going to justify sudden increase in share prices of these companies. If it is blindly by the investors they have to take that in that spirit. But if any body did the purchase with a strong foundation he will be benefited in years to come.

Yes return may be different. If any body purchased this around Rs 830 its good for him. By 950 he is entitle to a lessor return than the previous investor & its a chain like thing.

Everybody can't get the best price in purchasing & in the selling point as well.

Thanks.



Last edited by venuja on Tue Feb 15, 2011 9:16 am; edited 1 time in total

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@venuja wrote:Dear Tubal,

Now just see you have analyze & reported in Broadway to my Q in your first answer. There you are of the opinion that SHAL has room to go up. That analysis is very good & fair by any means. But yesterday i saw in one thread all were going against all the shares even with you.

Since you are a good analytical person be fair to both sides in all the time. So that investors can take a decision what ever they can.

Entering to a share should be decided by the investors by own. Otherwise you can see a mkt that is not going up of stagnated for years without giving any return to the investors. Its a pure individual decision.

I'm not going to justify sudden increase in share price of these companies. If it is blindly by the investor they have to take that in that spirit. But if any body did the purchase with a strong foundation he will be benefited in years to come.

Yes return may be different. If any body purchased this around Rs 830 its good for him. By 950 he is entitle to a lessor return than the previous investor & its a chain like thing.

Everybody can't get the best price in purchasing & in the selling point.

Thanks.

Ok , point conceded. I guess I jumped on the bandwagon on that occasion, something that I myself have been advising against. Sorry.

12Now who says  Palm Oil results are down? Empty Now who says Palm Oil results are down? Tue Feb 15, 2011 9:07 am

venuja


Stock Analytic
Stock Analytic
Thanks Tubal,

Now i know that you are a good investor.

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
[quote="tubal"]
@venuja wrote:

People who buy at the top automatically become long term investors
Very Happy

lol!

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
There are 4 CSE-listed pure palm-oil plays of the Carson group - GOOD, INDO, SELI and SHAL.

BUKI and CARS, although deriving most of their profits from palm oil, are in fact diversified companies, with other main profit contributors being investments and beer. Under-performance in investment sector was main contributor to lowering their 3Q11 performance.

With palm oil prices in Malaysia at three year highs, the group's palm oil companies have unsurprisingly reported strong results. But how are the valuations of the respective companies?

Have - rather simplistically - annualised the last reported Dec 2010 quarter (3Q-FY11) earnings of the 4 palm oil stocks (it was a strong quarter in any case, and annualising should not be a major under-statement), and derived PERs in table as follow:

Code - Share Price (Rs) - 3Q11 EPS (Rs) - YoY% - Annualised EPS (Rs) - Annualised PER (x)

* GOOD - 1,500 - 4.6 - 6% - 18.4 - 82x
* INDO - 1,500 - 3.5 - 154% - 14.5 - 103x
* SELI - 1,400 - 6.5 - 85% - 26.1 - 54x
* SHAL - 1,000 - 4.7 - 146% - 18.7 - 53x

All these companies are very illiquid - most investors demand a discount for illiquidity, although shares can also easily be manipulated. Commodity stocks should also usually trade at discounts, even though near term price outlook for palm oil seems strong, due to volatility and unpredictability in earnings. Future growth will also be contingent on replanting and maturity rates of plantations.

Investors should decide whether these valuations make sense for them. This is just an attempt to put some numbers on the table - I have no financial interest in these companies.

Sponsored content


Back to top  Message [Page 1 of 1]

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