Earnings Review Aitken Spence Hotel Holdings PLC
Risk factors affecting the group’s key Maldivian destination in the form of recoveries in key markets, stability in the Euro, improvement in the Russian market, releases of new islands by the Government of Maldives, will continue to be considerations affecting the group’s long term future. Industry cost factors and the ability to manage the same in order to drive profitability without affecting value propositions offered will also be a challenge for the industry as a whole.
Therefore we are of the view that the near term uncertainties can continue, albeit to a lesser extent than what has prevailed in the last few quarters. As such for the less risk averse 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 31.00 for the group given the immediate factors 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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.