Tokyo Cement Company Lanka PLC - Initiation 2018
We have valued TKYO using the Discounted Cash Flow Method, as the primary valuation method, and arrived at a price target of LKR 76.10 over the short term as such our recommendation to HOLD the counter.
Investment Synopsis - Long term potential to outweigh near term headwinds
- Capacity Expansion – Grinding Facility in Trincomalee
- Fleet of Vessels to create cost savings
- New Product Development with high profit margin (TOKYO READY MIX CONCRETE)
- Greater cost savings from Energy Sensitive Business
- Well positioned to face competition
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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