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Teejay Lanka Plc: 1 director
A director at Teejay Lanka Plc bought 700,000 shares at 41.499LKR and the significance rating of the trade was 51/100. 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 the last two years cle...
- Dishan Leo
JKSB: Quarterly Highlights: Teejay Lanka PLC (TJL): 1QFY20
TJL concluded a strong 1QFY20 recording a sharp growth in earnings by 62.40%. Topline grew by 19.15% during the quarter mainly due to 1) better capacity utilization 2) stronger order book and 3) acquisition of strategic customers which supported healthy quarterly earnings growth. Revenue growth was predominantly through volume growth of 6%, sales mix contribution of 1% alongside the depreciation of the rupee which further contributed 13% to overall revenues. GP margins saw an expansion from 10.4...
- Dishan Leo
JKSB: Quarterly Highlights: Teejay Lanka PLC (TJL): 4QFY19
TJL concluded another successful quarter posting healthy growth in revenues of 35% YoY alongside higher revenues for FY19 (+29% YoY). Growth in revenue was mainly driven by capacity expansions together with a 14.7% growth in USD revenues during the quarter while achieving stronger growth from PVH, Lidl & CK brands. GP margins for the quarter witnessed an improvement of 80 basis points owing to stabilization of yarn prices during the period. However, utility costs together with increasing dye pri...
- Dishan Leo
JKSB: Quarterly Highlights_Teejay Lanka PLC (TJL)_3QFY19
TJL continued its momentum recording its fifth consecutive QoQ earnings growth, (+29.48%), while PAT for the quarter grew by 12% YoY to Rs.551Mn. Revenue grew by 28% for 3QFY19 to Rs. 8,481Mn as a result of expansions in the Indian and Sri Lankan plants which contributed to 14% of topline growth. The steep depreciation of the rupee alongside price increases implemented during the quarter continued to support growth in revenues. The increase in yarn prices coupled with higher utility costs in Sri...
- Usama Jiffry
Earnings Review TJL - Q3FY2018
Due to the expectation of increased yarn prices in the market we expect increased pressure on the margins of the company over the next two quarters. As such, we estimate a short term price target of LKR 37.40 for TJL, and therefore carry a HOLD recommendation on the counter at its current price levels.
- Usama Jiffry
Earnings Review - Teejay Lanka PLC Q2FY2018
Easing of cotton prices in the global market will allow for margin improvements and provide a positive sentiment: The cotton price high during the recent past was the main contributor to the margins of the company deteriorating. Expectations are for the cotton prices in the market to ease, considering the most recent performance of the same where a reducing trend has been seen from the high and currently at a more stable position. These price conditions in the company’s key raw material will com...
- Usama Jiffry
Earnings Review Teejay Lanka PLC - Q1FY2018
Turnaround in the price of key raw material input of yarn and the improvements in economic conditions in key markets a look forward to event for the industry. The economic effects in key markets affecting demand growth is an important factor in the assurance of sustainable demand conditions. Further the increase in yarn cotton prices, a double digit growth, in the recent past had a major impact to the industry as a whole and will have a bearing on the profitability going forward as well. Managem...
- Janaghan Jeyakumar
JKSB Quarterly Highlights_Teejay Lanka PLC (TJL)_1QFY18
TJL reported a 13.2% YoY growth in quarterly revenue which was largely driven by the volume growth experienced at TJL’s manufacturing facility in India (OCI) and the YoY depreciation of the Sri Lankan Rupee (vs. USD). However, the increase seen at the top line was more than offset by the contraction of the GP margin from 15.2% in 1Q FY17 to 11.2% in 1Q FY18 causing gross profits to decline by 17.0% YoY during the quarter. This GP margin contraction was mainly a result of the escalation of raw ...
- Janaghan Jeyakumar
JKSB Quarterly Highlights_Teejay Lanka PLC (TJL)_3QFY17
Note: Despite operating with similar capacities, TJL was able to record a positive YoY growth in quarterly revenue by accepting additional orders which were met by outsourcing some of the required material from third parties. The timeline delays related to this forced TJL to airfreight some of the material which had a negative impact on TJL's contribution margins. Furthermore,TJL's GP margin was also affected by the competitive sales pricing, changes in product mix and an increase in yarn price...
Ford Equity International Rating and Forecast Report
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...
- Janaghan Jeyakumar
JKSB Quarterly Highlights_Teejay Lanka PLC (TJL)_2QFY17
Note:TJL reported a top line growth of 31% YoY during the quarter with the support of the YoY depreciation of the Sri Lankan Rupee (LKR) and the YoY volume increase stemming from the timing benefits of the consolidation of results from its acquisitions. Comparing to the corresponding quarter in the previous year, TJL's capacity was ~50% YoY higher during the months of July and August 2016 as the consolidation of results from OCI commenced only inSeptember 2015.On the other hand, TJL was able to ...
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