reports
- Shadhir Jannath
- Usama Jiffry
- Pasindu Perera
- Usama Jiffry
- Usama Jiffry
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 o...
- Usama Jiffry
Earnings Review Aitken Spence PLC 3QFY2018
Political stability/uncertainty in the key location of Maldives continues to be an issue for the destination which is a key component of the group’s operations. The government’s stance on thermal power the continuation will continue to be a concern for the sustainability of the energy interest of the group. Scaling up operations in other sectors such as its elevator business, property development, etc. will be a move in the positive direction to reduce reliance/concentration as well as to boost...
- Shadhir Jannath
- Pasindu Perera
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...
- 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
ACL Cables PLC - Earnings Review Q2FY2018
Over the short term we estimate a price of LKR 43.50 for the group given the constraints and challenges it will have to face and thus recommend a HOLD recommendation over the shorter time horizon. For an investor with a more long term perspective with the holding capacity the counter may offer potential entry point: as the strikes are addressed and profitability of the group reverts to normalized levels the price appreciation potential will also take effect.
- Usama Jiffry
Aitken Spence Hotel Holdings PLC - Earnings Review Q2FY2018
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 ...
- Pasindu Perera
- Shadhir Jannath
- Pasindu Perera
- Pasindu Perera
- Pasindu Perera
- Usama Jiffry
- Pasindu Perera
- Usama Jiffry
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