JKSB Quarterly Highlights_John Keells Holdings PLC (JKH)_2QFY18
JKH reported a marginal 1% dip in 2QFY18 earnings, with strong gains in the transportation and financial services segments (PBT up 60% YoY and 54% YoY respectively) being offset by profit declines for the leisure segment (PBT -39% YoY partly due to partial closures for refurbishment & reconstruction) and the consumer foods & retail business (PBT -30% YoY), which has been affected by an overall decline in consumer spending power.
We project full year earnings of Rs. 16.9bn for FY18E, +4% YoY. At its current price of Rs. 161.10, JKH trades at a FY18E P/E of 13.2x, at the lower end of its historical P/E valuation range.
•JKSB is one of 15 founding members of the Colombo Stock Exchange with roots in share trading dating back to 1896, and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange with a market capitalization of US$ 1.3bn.
•JKSB’s core client base is Foreign Institutional Investors, Local Institutions and HNWI’s
•JKSB has a co-branded Research tie up with CIMB and a Research Referral agreement with Credit Suisse, along with trade execution relationships with several other global and regional securities firms.
•JKSB’s trade execution partners include Credit Suisse, CIMB, Merrill Lynch, Exotix, Daiwa, Convergex, Deutsche Asia Securities and Morgan Stanley
•JKSB is a research contributor to Bloomberg on ‘KEEL’
•The JKSB Research Universe covers 72 stocks across 15 sectors, with most Research efforts focused on approximately 45 of the more liquid counters.
•The JKSB Universe constitutes 67% of total market cap and approximately 80% of turnover at the CSE.
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.