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Lanka Orix Leasing Company (LOLC) came in to the market via a joint venture between Orix Corporation Japan and International Finance Corporation 30 years ago.LOLC is a pioneer entity in Sri Lanka.
Orix Corporation becoming the parent to LOLC is a pioneer Single Largest Leasing Company in the world with its substantial presence in 27 countries worldwide and listed in Stock Exchanges of Tokyo and New York.
LOLC is committed to pursuit a management strategy that enables the group to contribute to the betterment to all stakeholders prioritizing the Shareholders.
LOLC has over 70 customer service touch points island wide.
LOLC EARNINGS IN LAST QUARTER(Revenue)
Rs Mn
Variable-------------As at 30.06.10 -------- As at 30.09.10
Financial Services -----1,494 Mn ------------ 3,626 Mn
Plantation ------------ 193 Mn ------------- 1,359 Mn
Trading -------------- 113 Mn ------------- 372 Mn
Leisure -------------- 7 Mn --------------- ( 114) Mn
Power & Energy ------ 12 Mn -------------- 8.535 Mn
Others -------------- (716) Mn ----------- (758)Mn
Insurance ----------- (0.8)Mn ------------ (4.049) Mn
Total ----------1,150 Mn ( 1.150 Bn) ---- 4,529 Mn ( Rs 4.529 Bn)
By looking at QoQ growth of LOLC it well evident the diversified company has extreme earnings from Financial Service, Plantation, Trading in particular. The Financial Services, Plantation and Trading sectors displaying QoQ growth rate of 142%, 604%, 229%.
During recent past we have observed a mega price hike in Plantation products which will have a highly positive contribution in coming quarters towards Plantation Revenue of LOLC .(Pussallawa Plantation and Gal Oya will contribute in large numbers to the Top line in coming Quarters)
Although the Leisure sector indicates a loss it will be streamlined with the recent developments in the Tourism industry. Yield will be generated in last 2-3 quarters in 2011.
Also we can expect an increase Revenue in Power & Energy sector as well due to the need and emphasis made by the Government on Hydro Power energy.
In LOLC the future Key sectors to watch – Plantation, Leisure, Power, and Financial Services
Sectors such as Trading, Insurance and others would perform above average considering the overall picture but the Key sectors mentioned above will outperform in coming quarters delivering superior results.
Share Value
Current Trading @ ---------- Rs 135 – Rs 143
Issued Quantity ------------ 475,200,000
PAT as at 30.06.10 –-------- Rs 3,854Bn (6 months ended)
EPS ------------------------ 3,854/475.2 --------- 8.11( 6 months)
Annualized ------------------ 8.11/2*4 -----------16.22
PE as at 27.01.11 ------------- 139/16.22 --------- 8.57
Projected price @ 12 Market PE --------- 16.22*12--------- Rs 194.64
Conclusion – LOLC has a high potential over breaking the above barrier since it is calculated based on last quarter earnings. We have the opinion it would have mega rally over next couple of weeks with its financial reports are out. It is a value gem that many have not concentrated well and we believe we should buy and sell securities with a reason. LOLC is a stock that is equal to GOLD in current market sentiments in SHORT, MEDIUM, LONG TERM.
Orix Corporation becoming the parent to LOLC is a pioneer Single Largest Leasing Company in the world with its substantial presence in 27 countries worldwide and listed in Stock Exchanges of Tokyo and New York.
LOLC is committed to pursuit a management strategy that enables the group to contribute to the betterment to all stakeholders prioritizing the Shareholders.
LOLC has over 70 customer service touch points island wide.
LOLC EARNINGS IN LAST QUARTER(Revenue)
Rs Mn
Variable-------------As at 30.06.10 -------- As at 30.09.10
Financial Services -----1,494 Mn ------------ 3,626 Mn
Plantation ------------ 193 Mn ------------- 1,359 Mn
Trading -------------- 113 Mn ------------- 372 Mn
Leisure -------------- 7 Mn --------------- ( 114) Mn
Power & Energy ------ 12 Mn -------------- 8.535 Mn
Others -------------- (716) Mn ----------- (758)Mn
Insurance ----------- (0.8)Mn ------------ (4.049) Mn
Total ----------1,150 Mn ( 1.150 Bn) ---- 4,529 Mn ( Rs 4.529 Bn)
By looking at QoQ growth of LOLC it well evident the diversified company has extreme earnings from Financial Service, Plantation, Trading in particular. The Financial Services, Plantation and Trading sectors displaying QoQ growth rate of 142%, 604%, 229%.
During recent past we have observed a mega price hike in Plantation products which will have a highly positive contribution in coming quarters towards Plantation Revenue of LOLC .(Pussallawa Plantation and Gal Oya will contribute in large numbers to the Top line in coming Quarters)
Although the Leisure sector indicates a loss it will be streamlined with the recent developments in the Tourism industry. Yield will be generated in last 2-3 quarters in 2011.
Also we can expect an increase Revenue in Power & Energy sector as well due to the need and emphasis made by the Government on Hydro Power energy.
In LOLC the future Key sectors to watch – Plantation, Leisure, Power, and Financial Services
Sectors such as Trading, Insurance and others would perform above average considering the overall picture but the Key sectors mentioned above will outperform in coming quarters delivering superior results.
Share Value
Current Trading @ ---------- Rs 135 – Rs 143
Issued Quantity ------------ 475,200,000
PAT as at 30.06.10 –-------- Rs 3,854Bn (6 months ended)
EPS ------------------------ 3,854/475.2 --------- 8.11( 6 months)
Annualized ------------------ 8.11/2*4 -----------16.22
PE as at 27.01.11 ------------- 139/16.22 --------- 8.57
Projected price @ 12 Market PE --------- 16.22*12--------- Rs 194.64
Conclusion – LOLC has a high potential over breaking the above barrier since it is calculated based on last quarter earnings. We have the opinion it would have mega rally over next couple of weeks with its financial reports are out. It is a value gem that many have not concentrated well and we believe we should buy and sell securities with a reason. LOLC is a stock that is equal to GOLD in current market sentiments in SHORT, MEDIUM, LONG TERM.
