Aitken Spence Hotel Holdings PLC - Earnings Review Q1FY2018
We are of the view that the near term uncertainties can cause a drag on the activities and the profitability of the group, but with the opportunity for a turnaround as economies and markets recover. For the more daring investor with a long term horizon the current share price may interpret to a purchase provided the investment meets the portfolio constraints and objectives of the respective investors/investor category. Nevertheless over the short term horizon we estimate a price of LKR 34.00 for the group given the constraints and challenges it will have to face and thus carry a hold recommendation on the counter at the current price levels
Candor Equities Limited is licensed and regulated by the Securities Exchange Commission (SEC) of Sri Lanka and is a Trading Member of the Colombo Stock Exchange (CSE). We assist both local and foreign individual and institutional investors with their listed Equity and Debt trading on the Colombo Stock Exchange.
We are a fully fledged financial services group of companies based in Colombo. The newly branded Candor came into commercial existence in May 2013 with EPIL’s acquisition of Heraymila Group Sri Lanka which was in operation since 2010. Candor’s immediate parent is the Dubai International Financial Centre (DIFC) based Eagle Proprietary Investments Limited (EPIL). Our ultimate parent is the National Industries Group (NIG), one of the largest listed companies on the Kuwait Stock Exchange. Candor’s business domain is strengthened with operating licenses comprising of Stock Broking, Asset Management, Investment Management and Corporate Financing, all vital cogs in Sri Lanka’s service sector driven macro economy.
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