SUNSHINE HOLDINGS PLC (SUN.N0000)

K.R wrote:Is this accurate?


https://simplywall.st/stocks/lk/food-beverage-tobacco/cose-sun.n0000/sunshine-holdings-shares

hotstock wrote:

hotstock wrote:Some promising signals:

1. SUN (beta 0.55) used to go negative last few times with ASI. Today it appreciated while ASI was negative
2. Last couple of days there were some selling but today buyers have dominated. 
3. Technically an ascending triangle pattern has been formed. 44.5-45.5 will be the pivot range to note. Breaking that level, likely to push this script to 50 levels.

(Just a viewpoint, NOT a buy or sell recommendation as no one can predict 100%)

As mentioned above, the next resistance pivot is being tested. If todays day candle close above 44.5 range, I have 80% confidence that it will hit 50 levels tomorrow.

LHW wrote:

LHW wrote:Welcome to the next growth phase of Sunshine Holdings PLC

Major developments last year-:

*Daintee Acquisition (40% Market share in confectionary segment)

*Entering to phama manufactureing business by Acquiring(M&A) Akbar Pharmaceuticals(Lina Manufacturing, and Lina Spiro) & becoming Sri Lankas only fully integrated healthcare company. 

*Massive investment in the Dairy segment backed by SBI Holdings - Japan LTD 

*Exiting from the energy business & forcussing on Core segments

*******All time high Oil Palm prices will be a big boost to the bottomline going forward (WATA.N)******* 


https://www.ft.lk/business/Sunshine-Holdings-records-44-top-line-growth-in-1H-amidst-macroeconomic-challenges/34-725806

Importation of milk powder will be restricted from next year

https://www.newswire.lk/2021/12/09/watch-finance-minister-speaks-about-2022-import-restrictions-including-vehicles/

Japan’s SBI Group invests $ 2 m in Watawala Dairy Farm

“This strategic investment not only paves a path for us to support the Government’s vision to promote local milk production and achieve self-sufficiency in milk by 2025, but also validates our long-term vision and investor-friendly corporate governance framework, helping us to build confidence and attract leading global equity firms like SBI Ven Holdings.”

https://www.ft.lk/front-page/Japan-s-SBI-Group-invests-2-m-in-Watawala-Dairy-Farm/44-717851


Basil visits Watawala Dairy Farm-Mr. Basil Rajapakse, head of the Presidential Task Force for Economic Revival and Poverty Alleviation, recently attended an observation tour of the Watawala Dairy Farm in Lonach Estate, Ginigathena, a company nes release said

The state-of-the-art dairy farm by Watawala Dairy Limited (WDL), a 100% subsidiary of Sri Lanka’s leading diversified agribusiness company Watawala Plantations, today manages a herd of 1, 600 dairy cattle with an ultramodern milking parlour which can produce over 6 million litres of fresh milk annually (17,000 litres of fresh milk per day).

https://island.lk/basil-visits-watawala-dairy-farm/

*This will add fuel to the Palm oil fire.
*SUN will trade 30Bn+ valuation going forward.(current market cap - 19Bn)

ENDLESS OPPORTUNITIES

Ekanayake90 wrote:Expo was around 40s when CT did the webinar, then the rest was history.
It’ll be interesting to watch how the market reacts to CT recommendation on Sun .
I stand by my word “ SUN will be the next biggest wealth creator of CSE”

Great1 wrote:

Ekanayake90 wrote:Expo was around 40s when CT did the webinar, then the rest was history.
It’ll be interesting to watch how the market reacts to CT recommendation on Sun .
I stand by my word “ SUN will be the next biggest wealth creator of CSE”

Yes, SUN & WATA gives healthy return..

WATA will achieve Rs.260 - Rs.280 level first. Then, SUN should touch Rs.100