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

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 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

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

PLANTATION SECTOR

+126
rajini
D.G.Dayaratne
reyaz
MarketGema
AmateurTrader001
Niwa
cseguide
Zahara khan
chandike73
RJ1010
Love Boy
Vishwanarth
High-flyer
kuk83
xpmurali
sheildskye
Chathur
DamithAsian
MarketResearch
ResearchMan
subash81
කොටස් වෙළඳපොළ2020
jaya
Wonderer
nish84
abp1970
SANJAYANM
ErangaDS
Chithi
Kipling
Mithooshan
Cma
sachinthana87
Nuwancha
4Corners
shihan 93
redcap
shan31
Win Win
vikey
ishan.mindika@gmail.com
pra4u
Hope123
arun.cse
glad
abey
gayan1987
Nandun
xhora
viduranga
wealth123
cheetah
SUSPENS
sureshot
Junior investor
Miss-Sangeetha
Ekanayake90
ipo
ThilinaM
kasun_gimhana
Eugine Fernando
PDH
KavinduTM
target1
soileconomy
God Father
Thushara Ayya
SECsux
kalu351
ruwan326
charithaa
nimantha80
trasantha
Richman
ranferdi
fireshelter
Beta1
Wimal Modawansa
marusira
samaritan
TARGET
Harry82
Casanova
Elahara
anges
sanjulanka
Namal
Captain
hanuma
Light of Hope
EquityChamp
Ran49
Teller
kjojo
crs
bakapandithaya
lakmal87
sahan8896
K.Haputantri
hunter
UKboy
bandara 123
freebird
Gainer
Rapaport
Kithsiri
sriranga
Chanuque
opfdo
sajeethk
Roboticfx
xmart
Jana1
Slstock
ABEST
MY MONEY
Be cautious
Navigator
Quibit
investor0000
mono
salt
tubal
mission
econ
Rajitha
130 posters

Go to page : Previous  1, 2, 3, 4, 5, 6 ... 10 ... 15  Next

Go down  Message [Page 5 of 15]

101PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Sun Oct 08, 2017 10:57 am

marusira


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Market down wela investors la loss wela CSE eken yanakota me humble ewun bubble ganna no talks.oya Bak gani sorry iruthu gani magen hari psgawsk kale.

102PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Oct 09, 2017 8:01 am

Wimal Modawansa


Manager - Equity Analytics
Manager - Equity Analytics

BALA P/E OF 1.50-(NAV 100.89-MP 36.10)
MASK P/E OF 2.14-(NAV 19.19-MP 19.19)
UDPL P/E OF 2.29-(NAV 35.28-MP 45.70)
MAL P/E OF 4.11-(NAV 13.96-MP 12.10/12.50)
BOPL P/E OF 4.75-(NAV 17.39-MP 17.90)
NAMU P/E OF 4.84-(NAV 112.62-MP 92.00)
MADU P/E OF 4.89-(NAV 16.48-MP 18.20)
HAPU P/E OF 4.91-(NAV 38.25-MP 32.50)

103PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Oct 09, 2017 9:30 am

Beta1


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Wimal Modawansa wrote:BALA P/E OF 1.50-(NAV 100.89-MP 36.10)
MASK P/E OF 2.14-(NAV 19.19-MP 19.19)
UDPL P/E OF 2.29-(NAV 35.28-MP 45.70)
MAL P/E OF 4.11-(NAV 13.96-MP 12.10/12.50)
BOPL P/E OF 4.75-(NAV 17.39-MP 17.90)
NAMU P/E OF 4.84-(NAV 112.62-MP 92.00)
MADU P/E OF 4.89-(NAV 16.48-MP 18.20)
HAPU P/E OF 4.91-(NAV 38.25-MP 32.50)

you missed the best one 

LDEV P/E below 1.70 with massive growth

104PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Oct 09, 2017 9:59 am

fireshelter


Associate Director - Equity Analytics
Associate Director - Equity Analytics

udpl Start  Laughing Laughing Laughing Laughing Laughing

105PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Oct 09, 2017 10:17 am

ranferdi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Harry82 wrote:Plantation share rise –recipe for a potential bubble
By Duruthu Edirimuni Chandrasekera
View(s): 108


With high tea prices recorded over the past three months, retail traders are grabbing onto plantation shares, alarming regulators as this can be a potential bubble, analysts say.
“There’s a bit of good news on the plantations sector as tea prices are high and their June quarter results have been good. So, the retailers extrapolate tea prices and gauge the values of these stocks, which may be not so good news in the long run,” an analyst told the Business Times.
Another analyst added that there’s certainly a fundamental backing in the rise of these shares, with tea prices at auctions in August averaging Rs. 606.86 per kg, up from Rs. 473.78 a year ago, as per a Forbes and Walker Tea Brokers report. Prices of teas from all three elevations rose during August with the biggest gains in the high grown varieties. But this rise in shares shouldn’t last long. “A little bit of good news in an illiquid sector like this will send prices up,” he added.
Share of Lankem Developments from June 30 to September 28 rose by 230 per cent (from Rs. 3 per share to Rs. 9.90). A share in Madulsima Plantations which was Rs. 6.70 and went up to Rs. 15.50, a 131.34 per cent surge during the same, corresponding period. A share at Udapussellawa rose by 123.08 per cent, Malwatta up by 121.43 per cent, Colombo Trust Finance by 106 per cent and Balangoda Plantations by 106 per cent during the said 3- month period.
It’s a volatile sector and retailers should exercise caution, a regulator told the Business Times. While this isn’t a replica of the 2010 era when the mafia stumped the market with pump and dump in dud shares, prolonging these share hikes could be a recipe for disaster, she said.

People with controversial track records can write anything. 

Can you point out three shares trading above  10 tines it's eps per share or two times nav.. 

Taking in to consideration that tea prices are still good we can assume the prices to remain the same for another two quarters. 

All the plantations are still trading cheap and there are lot of space to ride.  

Rising prices on fundamentals are not Bubble 

Anyways rise and falls are a part of natural market cycle and only thing we need to make sure is that no body is allowed to manipulate the markets. 

People with vested interest can write anything..

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

106PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Oct 09, 2017 10:26 am

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

AVERAGE PRICE FOR BULK TEA
Average price to be Utilized for CESS computation on bulk tea for the month of October 2017 per Kilo will be, Rs 601.40 (Un-weighed).
* Cess calculation is proceeded based on unweighted average of weighted averages....
Year - 2017
Month Weighted Un-weighted
January N/A 568.65
February N/A 582.04
March N/A 588.68
April N/A 597.95
May N/A 619.45
June N/A 645.74
July N/A 639.94
August N/A 614.36
September N/A 596.67
October N/A 601.40
Year - 2016
Month Weighted Un-weighted
January 400.87 401.32
February 414.37 414.42
March 413.54 413.63
April 407.47 407.41
May 408.41 407.95
June 418.25 420.91
July 441.88 438.81
August N/A 442.62
September N/A 444.86
October N/A 465.39
November N/A 495.79
December N/A 534.10

107PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Oct 09, 2017 6:05 pm

Ran49


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Still running Plantations... it will run till end of November.... most of the good counters will touch Rs100... keep eye...

108PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Oct 09, 2017 9:29 pm

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

Wimal Modawansa wrote:BALA P/E OF 1.50-(NAV 100.89-MP 36.10)
MASK P/E OF 2.14-(NAV 19.19-MP 19.19)
UDPL P/E OF 2.29-(NAV 35.28-MP 45.70)
MAL P/E OF 4.11-(NAV 13.96-MP 12.10/12.50)
BOPL P/E OF 4.75-(NAV 17.39-MP 17.90)
NAMU P/E OF 4.84-(NAV 112.62-MP 92.00)
MADU P/E OF 4.89-(NAV 16.48-MP 18.20)
HAPU P/E OF 4.91-(NAV 38.25-MP 32.50)
Profit figures of planation companies for the quarter ended September 2017 is in the process of being finalized this week. Companies trading below their net asset values - BALA,MAL,NAMU and HAPU could shoot up. Watch these counters.

109PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Tue Oct 10, 2017 7:37 am

Richman


Equity Analytic
Equity Analytic

Ran49 wrote:Still running Plantations... it will run till end of November.... most of the good counters will touch Rs100... keep eye...

Plantations will run for a good period. Good revenue is expected for few more years to come.

110PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Tue Oct 10, 2017 8:56 am

trasantha


Senior Equity Analytic
Senior Equity Analytic

fireshelter wrote:udpl Start  Laughing Laughing Laughing Laughing Laughing
 I think Now it's over, Big Players end the game.....
Don't burn you hand with the hot stove


https://www.investing.com/equities/udapussellawa-plantations
 Visit this link 
study the graph with Volume & Market Price



Last edited by trasantha on Tue Oct 10, 2017 9:01 am; edited 1 time in total (Reason for editing : Not preview the Attachment)

111PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Tue Oct 10, 2017 4:14 pm

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

trasantha wrote:
fireshelter wrote:udpl Start  Laughing Laughing Laughing Laughing Laughing
 I think Now it's over, Big Players end the game.....
Don't burn you hand with the hot stove


https://www.investing.com/equities/udapussellawa-plantations
 Visit this link 
study the graph with Volume & Market Price

Feels like plantation sector which has value purposely kept aside by big players and collaborators. At the same time a Group is formulating a CRAP wave promoting shares which has no value. 
May be they are looking for a way to get rid of crap and get into plantation at cheap rate.
Anyway I am sure that plantations will revive sooner or soon after Sep financials are being released.

Wise people will buy into right now.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

112PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Tue Oct 10, 2017 11:23 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Only cooling  Very Happy Very Happy Very Happy Very Happy wait and see

113PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Wed Oct 11, 2017 5:23 am

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

fireshelter wrote:Only cooling  Very Happy Very Happy Very Happy Very Happy wait and see
yes,another powerfull wave is due with financials

114PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Wed Oct 11, 2017 7:30 am

sanjulanka


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Hi nimantha welcome Dear...Wawannoo Dinannoo Very Happy Very Happy Very Happy Basketball Basketball Basketball

115PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Wed Oct 11, 2017 9:15 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Started to down plantation Sector.

Next Banking and Finance Sector

116PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Sun Oct 15, 2017 7:28 am

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

TEA PRICES UP...... UP ....... AND UP!

http://www.sundayobserver.lk/2017/10/15/business/tea-market-report


BALA WILL LEAD THE RUN!


RS 100 PLUS BASED ON FINANCIALS?FOLLOWED BY UDPL?

117PLANTATION SECTOR - Page 5 Empty Plantation sector Fri Jan 18, 2019 2:13 pm

charithaa


Senior Equity Analytic
Senior Equity Analytic

plantations sector shares are tend to be getting accumulated. Anyone have any idea? Is it due to budget or any other reason??

118PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Fri Jan 18, 2019 2:26 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

charithaa wrote:plantations sector shares are  tend to be getting accumulated. Anyone have any idea? Is it due to budget or any other reason??
Q-4 results coming due next month.
Q-3 was poor compare to Q 1& Q 2 and Q-4 results going to be better than previous reports.

This year government expect to improve exports and plantation going to be the key Wink

Hope to see experts comments too alien

119PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Sun Jan 20, 2019 8:01 am

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

More countries fault Ceylon Tea
January 20, 2019

Sri Lankan authorities are worried over the concerns raised by a number of other countries pertaining to the residue levels found in Ceylon Tea after Japan in 2017, subjected imports to stringent checks.
Though the re-introduction of glyphosate on the plantations is likely to bring relief during its absence authorities state that even countries like Taiwan and Europe raised issues of maximum residue levels found in teas from Sri Lanka.

Regaining the lost glory of Ceylon Tea has become an issue and authorities have now informed Japan about the re-introduction of the use of glyphosate on the estates.
However, the authorities are still carrying out tests on the residue levels in tea exports resulting in high cost to exporters as the impact of the use of glyphosate would take time.

Tea Board officials told the Business Times that the re-introduction of glyphosate on the plantations was likely to bring hope and some solution to the crisis of residues found in Ceylon Tea shipped to Japan.
Sri Lanka banned the use of glyphosate on agricultural produce three years ago but subsequently in March last year the authorities lifted the ban on tea production.

Meanwhile, authorities note that another key issue pertaining to the testing of sugar in teas has been worked out by the Tea Research Institute (TRI).
They explained that the TRI had established the baseline data to be obtained in a bid to ensure that the authorities could carry out necessary testing of teas produced to detect the sugar added to the product.
The necessary guidelines to carry out such testing would be given out to the industry once the SLTB obtains the required approvals within the next few months.
It was noted that approval needs to be obtained once the boards are appointed that was likely to take place by around next week.

http://www.sundaytimes.lk/190120/business-times/more-countries-fault-ceylon-tea-331138.html

120PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Jan 21, 2019 5:02 pm

kalu351


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ruwan326 wrote:More countries fault Ceylon Tea
January 20, 2019

Sri Lankan authorities are worried over the concerns raised by a number of other countries pertaining to the residue levels found in Ceylon Tea after Japan in 2017, subjected imports to stringent checks.
Though the re-introduction of glyphosate on the plantations is likely to bring relief during its absence authorities state that even countries like Taiwan and Europe raised issues of maximum residue levels found in teas from Sri Lanka.

Regaining the lost glory of Ceylon Tea has become an issue and authorities have now informed Japan about the re-introduction of the use of glyphosate on the estates.
However, the authorities are still carrying out tests on the residue levels in tea exports resulting in high cost to exporters as the impact of the use of glyphosate would take time.

Tea Board officials told the Business Times that the re-introduction of glyphosate on the plantations was likely to bring hope and some solution to the crisis of residues found in Ceylon Tea shipped to Japan.
Sri Lanka banned the use of glyphosate on agricultural produce three years ago but subsequently in March last year the authorities lifted the ban on tea production.

Meanwhile, authorities note that another key issue pertaining to the testing of sugar in teas has been worked out by the Tea Research Institute (TRI).
They explained that the TRI had established the baseline data to be obtained in a bid to ensure that the authorities could carry out necessary testing of teas produced to detect the sugar added to the product.
The necessary guidelines to carry out such testing would be given out to the industry once the SLTB obtains the required approvals within the next few months.
It was noted that approval needs to be obtained once the boards are appointed that was likely to take place by around next week.

http://www.sundaytimes.lk/190120/business-times/more-countries-fault-ceylon-tea-331138.html
This article is not completely correct and this is utter rubish

121PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Jan 21, 2019 7:12 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

kalu351 wrote:
ruwan326 wrote:More countries fault Ceylon Tea
January 20, 2019

Sri Lankan authorities are worried over the concerns raised by a number of other countries pertaining to the residue levels found in Ceylon Tea after Japan in 2017, subjected imports to stringent checks.
Though the re-introduction of glyphosate on the plantations is likely to bring relief during its absence authorities state that even countries like Taiwan and Europe raised issues of maximum residue levels found in teas from Sri Lanka.

Regaining the lost glory of Ceylon Tea has become an issue and authorities have now informed Japan about the re-introduction of the use of glyphosate on the estates.
However, the authorities are still carrying out tests on the residue levels in tea exports resulting in high cost to exporters as the impact of the use of glyphosate would take time.

Tea Board officials told the Business Times that the re-introduction of glyphosate on the plantations was likely to bring hope and some solution to the crisis of residues found in Ceylon Tea shipped to Japan.
Sri Lanka banned the use of glyphosate on agricultural produce three years ago but subsequently in March last year the authorities lifted the ban on tea production.

Meanwhile, authorities note that another key issue pertaining to the testing of sugar in teas has been worked out by the Tea Research Institute (TRI).
They explained that the TRI had established the baseline data to be obtained in a bid to ensure that the authorities could carry out necessary testing of teas produced to detect the sugar added to the product.
The necessary guidelines to carry out such testing would be given out to the industry once the SLTB obtains the required approvals within the next few months.
It was noted that approval needs to be obtained once the boards are appointed that was likely to take place by around next week.

http://www.sundaytimes.lk/190120/business-times/more-countries-fault-ceylon-tea-331138.html
This article is not completely correct and this is utter rubish
The way plantation counters run I doubt too Wink
Hope Q-4 results better than Q-3 Idea

charithaa


Senior Equity Analytic
Senior Equity Analytic

Sri Lanka's publicly traded commercial farms which grow tea, rubber and oil palm, saw prices fall after a new pay deal which industry spokesman said may increase wages by 350 million to 450 million a year on average for each company.

The regional plantation companies announced a collective agreement with trade unions over the weekend which will raise the daily wage of a plantation worker from 500 rupees to 700 rupees. 

Voting shares of 10 of 18 listed plantation companies fell Monday.

Udapussellawa Plantations share closed at 29.40 rupees on Monday, down 2.50 rupees from Friday's close, after trading as low as 28.50 rupees

Talawakelle Tea Estate share fell 6.39 percent or 3.70 rupees to 54.20 rupees.

Hatton Plantation shares fell 60 cents to 7.20 rupees, Bogawantalawa Tea Estates down 70 cents to 12.90 rupees and Balangoda Plantations down 1 rupee to 16.20 rupees at Monday's close.

Plantation companies which currently have on average around 7,000-8,000 workers each, are expected to pay out an extra 350-450 million rupees annually after the pay deal, a spokesperson for the Planters' Association which represents estate managers said.

The twenty plantation companies, employing around 154,000 workers, may have to pay up to 9 billion rupees more in labour costs under the new agreement, the association said. Eighteen are publicly traded.

The latest agreement was signed at 11am Monday.

Unions had initially demanded 1,000 rupees in daily wages. Some unions had blocked roads in plantation areas in protest on Sunday and Monday morning, demanding the 1,000 rupees.

In the previous deal, workers got a basic salary of 500 rupees, an attendance allowance of 60 rupees, a productivity incentive of 140 rupees and a price share supplement of 140 rupees.

The new deal has 700 rupees in basic salary, and 50 rupees price share supplement.

A worker would also get 40 rupees for every extra kilo plucked above the 18 kilogramme 'plucking norm' of the field, up from 28.75 rupees in the earlier deal.

The farms grow a mix of crops including, tea, rubber, oil palm and coconut. Tea is the most labour intensive.

There were some concerns that incentive payments aimed at boosting productivity and attendance had been dropped. 

Children of plantations worker families are leaving the sector to areas including services where labour is scarce or there had been productivity gains and pay is higher.

Sri Lanka's rupee had been depreciated from 149.80 at the end of 2016, to 182 by the end of 2018, which tends to increase the nominal price of commodities helping offset part of the increase in wages.

Sri Lanka's small holder tea farmers, who own farms and not driven by unions, produce the bulk of tea in the island now. Plantations firms are also trying out models involving contracting out fields.

Tea is mostly exported and is subject to global demand and and also the underlying strength of the US dollar to which Sri Lanka's rupee is loosely pegged. 

The rupee however depreciates permanently due to the lack of a consistent monetary policy to support any exchange rate targeting.

123PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Tue Jan 29, 2019 1:03 pm

charithaa


Senior Equity Analytic
Senior Equity Analytic

Tea production in 2018 had declined by 3.8 million kilos or 1.2% to 303.8 million kilos, with Low Growns suffering the steepest fall whilst CTC production reached a record high. 

According to Forbes and Walker Tea Brokers, Low Growns crop declined by 5.4 million kilos to 191.8 million and high Growns crop remained unchanged at 63.6 million kilos. Medium Growns saw a growth of 1.6 million kilos to finish 2018 at 45.7 million kilos. 

CTC production in 2018 totalled 23.9 million kilos a record surpassing the previous best of 23.3 million kilos achieved in 2012. The 2018 figure reflects a 2.1 million kilo increase over 2017.

124PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Sun Feb 03, 2019 9:11 pm

charithaa


Senior Equity Analytic
Senior Equity Analytic

the wage deal is not ended yet, as estate workers plans to carry on strike requesting the 700 is not fulfilling their regular needs.

125PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Sun Feb 03, 2019 9:54 pm

crs

crs
Senior Equity Analytic
Senior Equity Analytic

charithaa wrote:the wage deal is not ended yet, as estate workers plans to carry on strike requesting the 700 is not fulfilling their regular needs.

වතු කම්කරුවන්ගේ වැටුප් වැඩි කිරීමේ ගැසට් පත්‍රය අත්හිටුවයි

126PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Sun Feb 03, 2019 10:14 pm

crs

crs
Senior Equity Analytic
Senior Equity Analytic

crs wrote:
charithaa wrote:the wage deal is not ended yet, as estate workers plans to carry on strike requesting the 700 is not fulfilling their regular needs.

වතු කම්කරුවන්ගේ වැටුප් වැඩි කිරීමේ ගැසට් පත්‍රය අත්හිටුවයි
තම දෛනික මුලික වැටුප රුපියල් 1000 දක්වා වැඩි කරන ලෙස හෝ  තමන්ට වැඩි කළ රුපියල් 700 මුලික වැටුපට රු140 ප්‍රසාද දිමනාව හෝ එකතු කරන ලෙස බල කරමින් හැටන් කොටගල ප්‍රදේශයේ වතු කම්කරුවන් පිරිසක් අද (03) විරෝධතාවයක් ආරම්භ කර  ඇත.
හැටන් කොටගල ප්‍රදේශයේ වතු කිහිපයකම වතු කම්කරුවන් හැටන් කොටගල ප්‍රදේශිය සභා කාර්යයාලය අසල හැටන් නුවරඑලිය ප්‍රධාන මාර්ගයේ එක් මං තිරුවක් අවහිර කරමින් විරොධතාවයක නියැලුණේය.
විරෝධතාවයේ නියැලි සිටි වතු කම්කරුවන් කියා සිටියේ වතුකරයේ නියෝජනය කර දේශපාඥයින් තමන්ට රු 1000 ක මුලික වැටුපක් ලබාදෙන බවට පොරොන්දු වි රුපියල් 700 ක මුලික වැටුපක් පමණක් ලබා දි එයට අදාල අවබෝධතා ගිවිසුම වතු හාම්පුතුන්ගේ සංගමය සමග අත්සන් කර ඇති බවයි.
රුලියල් 700 මුලික වැටුපට තමන් මෙතෙක් ලබා ගත් රුපියල් 140 ප්‍රසාද දිමනාව අහිමි කර ඇති බවද විරෝධතාවයේ නියැලි සිටි වතු කම්කරුවන් කියා සිටියේය.
අහිමි වු රුපියල් 140 ප්‍රසාද දිමනාව යලි ලබා ගැනිම සඳහා වතු හාම්පුතුන්ගේ සංගමය සමඟ පැවැත්විමට නියිමිත සාකච්ඡාවේදි එම රුපියල් 140 ප්‍රසාද දිමනාව ලබාදිමට රජය කටයුතු කල යුතු බව විරෝධතාවයේ නියැලි සිටි වතු  කම්කරුවන් කියා සිටියේය.
මේ අතර හැටන් මල්ලිඅප්පුව ප්‍රදේශයේද හින්දු පුජකවරයෙක් ඇතුළු වතු කම්කරුවන් පිරිසක් තමන්ට රු 1000 ක මුලික වැටුප තමන්ට අහිමි වු රු 140 ප්‍රසාද දිමනාව ලබාදෙන ලෙස බලකරමින් සත්‍යග්‍රහයක් ආරම්භ කර ඇත.

127PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Mon Jul 22, 2019 9:31 am

EquityChamp

EquityChamp
Moderator
Moderator

A sector to be looked at closely this week. The index chart becoming more bullish and hence can move deep into the overbought territory in short term.

128PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Tue Jul 23, 2019 10:49 am

EquityChamp

EquityChamp
Moderator
Moderator

Nice to see some renewed interest in many plantation stocks today. Very Happy

129PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Tue Jul 23, 2019 11:07 am

sanjulanka


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

EquityChamp wrote:Nice to see some renewed interest in many plantation stocks today. Very Happy
ස්තුතියි එසී මම ගත්ත ඔයා කිව්වට පස්සෙ බලන්ගොඩ I love you I love you I love you

130PLANTATION SECTOR - Page 5 Empty Re: PLANTATION SECTOR Tue Jul 23, 2019 7:07 pm

SECsux


Manager - Equity Analytics
Manager - Equity Analytics

http://bizenglish.adaderana.lk/cabinet-approval-to-reduce-tea-marketing-levy-on-exports/

Sponsored content



Back to top  Message [Page 5 of 15]

Go to page : Previous  1, 2, 3, 4, 5, 6 ... 10 ... 15  Next

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