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SWISSTEK (CEYLON) PLC (PARQ.N0000)

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351SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 06, 2016 8:38 am

Chinwi


Associate Director - Equity Analytics
Associate Director - Equity Analytics

Thank you for highlighting this.
I lost my interest on this share many many years ago after they failed in parquet business after the initial success. Now only I came to know ,by reading your report, they are in other areas and under KDDP group.

352SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu May 26, 2016 2:57 pm

EquityChamp


Moderator
Moderator

Strong support arround 67-69 can be seen even in this downward market. Surely and steadily in a long term upward curve.

353SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu May 26, 2016 10:17 pm

Yahapalanaya


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

EPS 10.6
NAV 56.5

Turnover increased 630M to 908M
Profit before tax increased 90M to 127M
Tax also increased 1M to 36M So profit after tax almost same.

Great going!!

354SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu May 26, 2016 11:24 pm

EquityChamp


Moderator
Moderator

I forecasted a revenue of Rs2,585mn for the FY 15/16 and they reported Rs2690 and I forecasted a NPAT of Rs310mn for the FY 15/16 and they reported Rs323mn. You can check at the top of this thread. I can really smile on my numbers. Just see the bullishness of the stock chart. I am confident that they will easily meet my 2016/17 target as well.
SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Swisst10

355SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 10:02 am

pfxavier


Senior Equity Analytic
Senior Equity Analytic

EQChamp,

Why PARQ is going down today ?

356SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 11:12 am

EquityChamp

EquityChamp
Moderator
Moderator

Its overall market sentiment. Hold on to your valuable assets.

357SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 12:32 pm

pfxavier


Senior Equity Analytic
Senior Equity Analytic

Thanks, Do you advice me to buy and average this stock ?

358SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 12:33 pm

EquityChamp

EquityChamp
Moderator
Moderator

What is your cost?

359SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 12:49 pm

VALUEPICK

VALUEPICK
Expert
Expert

If we can study personality of this stock we should be able to identify some profitable opportunities. On the other hand, value investors can stay with their value. In addition, when compare with other stocks, it has traded actively in both weak and strong market.

360SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 7:47 pm

pfxavier


Senior Equity Analytic
Senior Equity Analytic

Thanks for the input of EC and Valuepick. my cost is 65/=

361SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 7:49 pm

pfxavier


Senior Equity Analytic
Senior Equity Analytic

Initially my cost was around 52/= and exit at 63/=. Then I bought again at 65/= .

362SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 7:52 pm

EquityChamp

EquityChamp
Moderator
Moderator

You should try to average when it reaches a lower price than your cost. You can hold this stock as its long term direction is very bullish. If it comes to 60 levels then its good to average.

363SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri May 27, 2016 10:44 pm

pfxavier


Senior Equity Analytic
Senior Equity Analytic

Thanks EC

364SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Sat May 28, 2016 3:06 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

PARQ is unique and leader in sector.It performed well even other competitors making loss.No need to worry about short term price fluctuations.This is still undervalued share.This cannot be compared with some artificialy promoted shares.Good shares will survive when price correction comes.

365SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu Jul 28, 2016 11:47 pm

EquityChamp

EquityChamp
Moderator
Moderator

Here comes the 1st quarter of 16/17. A profit of 79mn with a YoY growth of 173%. Phew...

366SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu Jul 28, 2016 11:53 pm

hiransilva23


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Meket run ekak tiyei wage.EC meke kochchara witara reatil market eke tiyanawada??

367SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Thu Jul 28, 2016 11:57 pm

EquityChamp

EquityChamp
Moderator
Moderator

About 4mn shares . Anyway its a liquid counter.

368SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Jul 29, 2016 7:07 am

EquityChamp

EquityChamp
Moderator
Moderator

I can see the signs for another up move in coming days.
SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Swisst10

369SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Sep 16, 2016 5:55 pm

EquityChamp

EquityChamp
Moderator
Moderator

From 60+ levels now 70+. If a stock moves like this pace and strong specially in a bearish market sentiment then that means there is really something special behind that stock. Keep your hopes. The shares I analysed never failed to yield results.

Good luck.

370SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Fri Sep 16, 2016 8:37 pm

trader7


Manager - Equity Analytics
Manager - Equity Analytics

great potential, possible rs. 140+ next year.

371SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Mon Nov 07, 2016 1:42 pm

EquityChamp

EquityChamp
Moderator
Moderator

Revenue
Q1 16/17 - 634Mn
Q2 16/17 - 823Mn

PAT
Q1 16/17 - 79Mn
Q2 16/17 - 100Mn

These figures indicates that the business volumes are growing. The share price continue to be trading above Rs70 even in the subdued market conditions. It has always been an investment grade company since last year. people who wish to buy should buy now. I told about this share when it was trading on 50s and still I am positive about this stock.

Thanks

372SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Mon Nov 07, 2016 6:15 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

EquityChamp wrote:Revenue
Q1 16/17 - 634Mn
Q2 16/17 - 823Mn

PAT
Q1 16/17 - 79Mn
Q2 16/17 - 100Mn

These figures indicates that the business volumes are growing. The share price continue to be trading above Rs70 even in the subdued market conditions. It has always been an investment grade company since last year. people who wish to buy should buy now. I told about this share when it was trading on 50s and still I am positive about this stock.

Could get further idea If you analyse it's Q3 & Q4 results for last 3 years.

373SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Nov 08, 2016 7:45 am

EquityChamp

EquityChamp
Moderator
Moderator

FYI. Please see below the full year estimates for PARQ.
 Q1 16Q2 16Q3 16 FQ4 16 FFY 16/17 FFY 15/16 AYoY
Sales   634    823       933    1,006        3,396         3,041 11.7%
Operating profit   102    128       149       161           540            438 23.3%
PAT     78    100       116       127           421            323 30.3%
PAT for owners     71      91       105       115           383            292 31.2%
EPS    2.6     3.3        3.8        4.2          14.0           10.6  
Share price             71.5           55.0  
PER               5.1             5.2  
According to my estimates, PARQ is currently trading at a forward PE multiple of 5.1x which is at a 44% discount to current sector PE ratios. Therefore given the price appreciation potential this can be rated as AAA+ rated stock for mid term investment.

374SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Nov 08, 2016 9:31 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

EquityChamp wrote:FYI. Please see below the full year estimates for PARQ.
   
 Q1 16Q2 16Q3 16 FQ4 16 FFY 16/17 FFY 15/16 AYoY
Sales   634    823       933    1,006        3,396         3,041 11.7%
Operating profit   102    128       149       161           540            438 23.3%
PAT     78    100       116       127           421            323 30.3%
PAT for owners     71      91       105       115           383            292 31.2%
EPS    2.6     3.3        3.8        4.2          14.0           10.6  
Share price             71.5           55.0  
PER               5.1             5.2  
According to my estimates, PARQ is currently trading at a forward PE multiple of 5.1x which is at a 44% discount to current sector PE ratios. Therefore given the price appreciation potential this can be rated as AAA+ rated stock for mid term investment.
Good work EC.

375SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Nov 08, 2016 9:45 am

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

u are dead right. PARQ is a solid stock EC. Is TJL also an AAA+ stock for u @ current cmp ?

376SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Nov 08, 2016 2:55 pm

EquityChamp

EquityChamp
Moderator
Moderator

kassachandimal wrote:u are dead right. PARQ is a solid stock EC. Is TJL also an AAA+ stock for u @ current cmp ?
With regard to TJL, its hard to see a significant 40%-50% discount to sector but surely its an investment grade stock. May be A++. Look at how foreigners accumulate this share over the period of last few months. For more information you can refer my thread on Teejay Lanka.

Thanks

377SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Nov 08, 2016 4:57 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

Thanks EC. Can you name some of your AAA+ stocks for us?

378SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Mon Nov 14, 2016 4:50 am

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

EC , is there any impact for PARQ and da tile sector from the budget?

379SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Nov 15, 2016 9:30 am

EquityChamp

EquityChamp
Moderator
Moderator

kassachandi wrote:EC , is there any impact for PARQ and da tile sector from the budget?

I can see no significant impact. What are the budget proposals you think that have an adverse impact on PARQ. Let me know and I will do a detail study.
Thanks

380SWISSTEK (CEYLON) PLC (PARQ.N0000) - Page 15 Empty Re: SWISSTEK (CEYLON) PLC (PARQ.N0000) Tue Nov 15, 2016 9:54 am

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

sure EC

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