* We continue to maintain our BUY ratings on AHUN and KHL due to the following reasons: 1) Occupancy levels in Maldives resorts are tracking above expectations heading into the winter season. AHUN and KHL are well positioned to benefit given their strong exposure to the country. 2) Removal of Sri Lanka from several travel advisory lists and an uptick in forward bookings signals a gradual normalisation of demand going into the key winter holiday season in 2022. 3) China has been a ke...
AHUN posted a marginal decline in revenues (-0.9% YoY) during 1QFY20 due to lower contributions from the Sri Lankan hotels & resorts sector stemming from the Easter Sunday attacks. Revenues from the Sri Lankan sector declined 27% (YoY) to Rs.747mn during the quarter while the South Asian and Middle East sector revenues grew by 9% (YoY) to Rs.2.8bn. Amortization expenses grew significantly (+437% YoY) to Rs.157mn during the quarter while other operating expenses declined by 8% (YoY) to Rs.2.1bn. ...
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 o...
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, which will be over the medium term. 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 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...
A director at Aitken Spence Hotel Holdings PLC bought 140,000 shares at 38.000LKR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over th...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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