Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» collect LLUB AND LEDV AND ECL ALONG WITH BFN
by karuna2 Today at 10:36 am

» Keep eye on Politics
by Yahapalanaya Today at 9:46 am

» HEXP 2ND DIVIDEND
by Cricketman Today at 5:21 am

» AEL Recommendation @ 14...
by ddrperera Yesterday at 9:20 pm

» Cut your losses without sinking in it, that's the only way to win in a falling market.
by bhanu Sun Jun 23, 2019 7:38 pm

» Senthilverl Drives Sri Lanka Stock Market Turnover to hit Rs.2 billion
by samaritan Sun Jun 23, 2019 10:57 am

» Dockyard can go beyond 60/-
by hammurabi Sun Jun 23, 2019 10:53 am

» lOFC definitely will hit 6/-
by BANDB Sat Jun 22, 2019 8:31 am

» Why should we elect Naganada kodi..as our next president
by Yahapalanaya Sat Jun 22, 2019 4:56 am

» SAMP Oversubscribed?
by Agape Fri Jun 21, 2019 4:52 pm

» LOFC - LDEV -EXPO ....BULL RUN TIME FOR COLLECTION ..
by Aruna Chandana Fri Jun 21, 2019 1:26 pm

» NEXT RUN People's leasing and Finance WAIT AND WATCH ENJOY RIDE..
by ddrperera Fri Jun 21, 2019 12:04 pm

» http://www.ft.lk/news/Controversial--Takeover-Act--repealed-by-Parliament/56-680434
by Capton KIng Cool Fri Jun 21, 2019 11:58 am

» SME M&A opportunity
by raheem72@gmail.com Fri Jun 21, 2019 11:41 am

» CIND , 10% guaranteed return
by Teller Fri Jun 21, 2019 2:46 am

» Look PAP Amazing company
by Teller Fri Jun 21, 2019 2:44 am

» Bottom of market
by Teller Thu Jun 20, 2019 10:52 pm

» Triple Top Reversal pattern
by Teller Thu Jun 20, 2019 9:16 pm

» BFN - PRIVATE PLACEMENT ANNOUNCEMENT TO COME SOON
by mahasona2 Thu Jun 20, 2019 1:00 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Thu Jun 20, 2019 12:38 pm

» PAN ASIA POWER
by Nuwan Samarawickrama Thu Jun 20, 2019 10:33 am

» Aluf will be better
by wisdom79 Thu Jun 20, 2019 8:50 am

» Stop promoting garbage. Don’t get deceived.
by wisdom79 Thu Jun 20, 2019 8:46 am

» RICH is not bad @ 9/-
by Teller Thu Jun 20, 2019 3:18 am

» BFN බොරු සෙලින් දාලා කොහොම හරි 11 වගේ ගානට 500000 එකතු කරගන්න කියලා අර 14 ට ලක්ශයක් සෙලින් දැම්මේ මේ ටේලර් මහත්තයාම තමයි
by Teller Thu Jun 20, 2019 3:16 am

» Be careful with HVA and LITE
by Teller Thu Jun 20, 2019 3:11 am

» WATA future looks good
by Teller Wed Jun 19, 2019 10:00 pm

» If i am the EPF buyer,I will go for PLC
by Teller Wed Jun 19, 2019 9:59 pm

» LLUB Pattern reversed. Good buy @60, target +20%
by Teller Wed Jun 19, 2019 9:58 pm

» THE CURSE ON JKH
by Teller Wed Jun 19, 2019 9:04 am

» Why we should buy AEL.N0000…?
by Miss-Sangeetha Wed Jun 19, 2019 7:45 am

» The Curse Of AEL
by Yahapalanaya Tue Jun 18, 2019 11:06 pm

» 8 Finance companaies to be closed very soon
by samaritan Tue Jun 18, 2019 8:52 pm

» Copreus (Pvt) Ltd - Need some Information
by Copreus Tue Jun 18, 2019 12:44 pm

» BALA can come down to 9/-
by Teller Tue Jun 18, 2019 12:27 am

» MARKET UP......BUT BFL....GRAN....TAFL......
by Trader321 Mon Jun 17, 2019 4:31 pm

» TAFL - GOLDEN EGG IN POULTRY SECTOR
by Trader321 Mon Jun 17, 2019 4:29 pm

» MGT.N0000 & TJL.N0000 keep eye.
by Trader321 Mon Jun 17, 2019 3:58 pm

» TAFL.N000 / GRAN.N0000
by Trader321 Mon Jun 17, 2019 3:57 pm

» Market will test 4700
by karuna2 Mon Jun 17, 2019 1:08 pm

» Loss-making stockbrokers may not last six months
by Miss-Sangeetha Mon Jun 17, 2019 12:51 pm

» Those who are having SUGA And HDEV (Hotel Developers)coming week you all can excpect Good News to come
by Capton KIng Cool Mon Jun 17, 2019 12:25 pm

» ECL wAS 2.8 Last week Today 4.7 .Whats Next? Acme?
by Capton KIng Cool Mon Jun 17, 2019 9:02 am


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » GRAN.N000 Below 65/=

GRAN.N000 Below 65/=

Go down  Message [Page 1 of 1]

1GRAN.N000 Below 65/= Empty GRAN.N000 Below 65/= on Tue May 09, 2017 12:23 pm

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
We could collect GRAN below Rs.65/=

2GRAN.N000 Below 65/= Empty Re: GRAN.N000 Below 65/= on Tue May 09, 2017 12:49 pm

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sri Lankan poultry firm March quarter net down 49-pct

May 09, 2017 11:21 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Ceylon Grain Elevators, a Sri Lankan poultry and feed milling group, said March 2017 quarter net profit fell 49% to Rs168 million from a year ago mainly owning to higher raw material prices and import restrictions. 

Earnings per share fell to Rs2.80 from Rs5.54 over the period with sales up 5% to Rs3.8 billion, according to interim accounts filed with the Colombo stock exchange.

“Although there was a revenue growth reported during the quarter under review, it is pertinent to note that group results were adversely affected by price hikes of key raw material,” Primus Cheng Chih Kwong, Executive Director and Chief Executive Officer said in a note accompanying the accounts.

“Decreased yield in the local maize cultivation and import constraints imposed by the government brought about an increasingly tight market that caused the price of local maize to be pushed up by over 20%, when compared to the same quarter of the previous year.” 

The production shortfall and import restrictions caused a situation where feed millers were not able to get their maize requirements, despite them being ready to purchase the entire local maize production at a reasonable price acceptable both to the government and the farmers, Primus said. 

“This scenario in fact compelled feed millers to pay artificially higher prices for maize thus pushing their cost of production higher, since their ability to exercise management skills to purchase imported maize at times when international prices are lower, was curtailed consequent to import restrictions,” he said.

In the backdrop of local maize production being way below the demand from feed millers, he called for the government to consider issuing import permits directly to feed millers without bringing in intermediaries.

This should enable feed millers to procure maize at competitive prices through international procurement planning, he said. 

“This will no doubt lower their cost of production and will make it possible for them to provide cheaper feed to the local farmers, ultimately resulting in there being protein rich chicken meat available to local consumers at a more affordable price.”

3GRAN.N000 Below 65/= Empty Re: GRAN.N000 Below 65/= on Tue May 09, 2017 1:06 pm

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The ongoing drought that has parched several parts of the country has placed many poultry farmers in a difficult situation .

This quarter will be again bad for Gran /tafl /bfl

4GRAN.N000 Below 65/= Empty Re: GRAN.N000 Below 65/= on Tue May 09, 2017 7:55 pm

samcader


Manager - Equity Analytics
Manager - Equity Analytics
TAFL  have  announced  their  financial  results  for  the  period  ended  31st March  2017.They  have  reported  a  marginal  drop  in  both  revenue  and  profits   when  compared  on a  year  on  year  basis

5GRAN.N000 Below 65/= Empty Re: GRAN.N000 Below 65/= on Tue May 09, 2017 9:49 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
looks good

6GRAN.N000 Below 65/= Empty Re: GRAN.N000 Below 65/= on Fri May 12, 2017 3:35 pm

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GRAN group annual EPS growth from 2011 to 2016 is around 25%. The annual growth in group NAVP is around 14%. With the government lifting the price control on chicken prices, the 2nd quarter will see increased profits with market forces determining retail prices of chicken. It's even trading well below group net asset value which is around 87/-. 2nd quarter would certainly be better profits by GRAN

7GRAN.N000 Below 65/= Empty Re: GRAN.N000 Below 65/= on Wed May 17, 2017 10:37 am

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Gran will drop to 60/= level.wait and buy around 60/=

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum