JETWING SYMPHONY PLC (JETS.N0000)

milanka · 1 JETWING SYMPHONY PLC (JETS.N0000) Sun Jun 26, 2011 5:32 pm

milanka

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The Jetwing Group, one of the country’s biggest resort hotel and travel operators now investing big bucks in upgrading its old hotels to sparkling five-star standards, plans to raise Rs. 5 billion equity capital by a private placement to be followed by an IPO.

``The private placement will be concluded this year,’’ Jetwing Chairman Hiran Cooray said in an interview last week. ``The IPO will follow. We’re already getting inquiries about the private placement.’’

http://www.island.lk/index.php?page_cat=news-section&page=news-section&code_title=68

rasikagamage · 2 JETWING SYMPHONY PLC (JETS.N0000) Fri Jan 05, 2018 9:24 am

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anges · 3 Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Jan 05, 2018 3:53 pm

anges

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in general all jetwing companies doing good ! average dividend ! in this counter the assets looks good ! only time will tell

tori.kumara · 4 Jetwing Symphony PLC Tue Nov 10, 2020 1:40 pm

tori.kumara

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Keeps Eyes on this.Huge Collection Between 7.90 - 8.10.Lowest price in 52 Weeks was 7.50.

Eranga87 · 5 Re: JETWING SYMPHONY PLC (JETS.N0000) Wed Nov 11, 2020 2:13 am

Eranga87

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sorry, JETS every year suffered from severe losses, even a good time period. don't keep in your eyes.

LHW · 6 Re: JETWING SYMPHONY PLC (JETS.N0000) Thu Apr 20, 2023 1:40 pm

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Jetwing has been a pioneer of sustainable tourism, from a time when sustainability wasn't a focus for the industry or society. Here Jetwing Symphony's Chairman and famed hotelier Hiran Cooray discuss the industry's future and how it might impact the economy, planet and livelihoods

Tourist arrivals expected to hit 400,000 mark mid-April
April, 19, 2023

The Sri Lanka Tourism Development Authority (SLTDA) has stated that it expects a total of 400,000 tourists to have arrived for 2023 by 20 April.

SLTDA Chairman Priyantha Fernando explained that as of 16 April, 55,000 tourists were seen entering the island for the month of April alone.

“Thus, we are hopeful that we will achieve the target of 400,000 tourists by the 20th of this month”, he said in this regard, adding that most of the tourists who arrived since January were of Russian and Indian nationalities.

He further said that although high numbers of Chinese tourists were expected this month, this was not the case, and therefore they are expecting more Chinese tourists next month.

ErangaDS · 7 Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Apr 21, 2023 12:45 pm

ErangaDS

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Renewed interest can be seen with Heavy collection.

52week Range : 6.10 - 16.50
CMP 7.40

LHW · 8 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Apr 24, 2023 12:41 pm

The glimpse of Sri Lanka’s tourism story 2023

ErangaDS · 9 Re: JETWING SYMPHONY PLC (JETS.N0000) Tue Apr 25, 2023 7:09 am

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Sri Lanka’s hotel business has bounced back by 50-60% with the gradual increase in tourist arrivals following the Pandemic and hotels are now able to cover at least the cost, said Director of Marketing and Development at Jetwing Hotels, Harshana Cooray.

Speaking to The Economic Times, he said that the hotel industry in Sri Lanka expects its business to improve further as about 125,000 tourists have visited the country on average in the first quarter (1Q) of 2023.

Sri Lanka is expecting 2 million tourist arrivals in 2023 and within that the Sri Lanka Tourism Development Authority (SLTDA) expects over 400,000 tourist arrivals in the first four months of 2023. The Central Bank of Sri Lanka (CBSL) data showed that tourism earnings have surpassed $ 1.4 billion in the first quarter of 2023, an 80% increase from the corresponding period of the last year.

https://www.themorning.lk/articles/asMGrzDdhPBKSQtrA6pS

ErangaDS · 10 Re: JETWING SYMPHONY PLC (JETS.N0000) Wed May 03, 2023 7:03 pm

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Tourist arrivals cross 100,000 mark for fourth straight month in April

+SL welcomes 105, 498 visitors in April
+April records daily arrival average of 3, 516
+India, Russian Federation and the UK emerge as top three source markets
++ SLTDA have revised upwards the year-end target for 2023 to 2 million from 1.5 million arrivals

https://www.dailymirror.lk/breaking_news/Tourist-arrivals-cross-100-000-mark-for-fourth-straight-month-in-April/108-258573

ErangaDS · 11 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon May 08, 2023 7:40 am

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ErangaDS wrote:Tourist arrivals cross 100,000 mark for fourth straight month in April

+SL welcomes 105, 498 visitors in April
+April records daily arrival average of 3, 516
+India, Russian Federation and the UK emerge as top three source markets
++ SLTDA have revised upwards the year-end target for 2023 to 2 million from 1.5 million arrivals

https://www.dailymirror.lk/breaking_news/Tourist-arrivals-cross-100-000-mark-for-fourth-straight-month-in-April/108-258573

The cumulative tourism income to US$ 696.3 million in the first four months of the year, up 17.8 percent from the same period in 2022.
https://www.dailymirror.lk/business/April-tourism-earnings-reach-US-167-million/215-258768

LHW · 12 Re: JETWING SYMPHONY PLC (JETS.N0000) Wed May 24, 2023 9:24 am

The glimpse of Sri Lanka’s tourism story 2023

ErangaDS · 13 Re: JETWING SYMPHONY PLC (JETS.N0000) Thu May 25, 2023 9:18 am

ErangaDS

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Excellent quarter

0.79 vs ( 1.06 ) “YoY”
Upcoming CEB tariff reduction will further increase the probability. (29% - 40% tariff reduction has been proposed for the hotel category.)

52 week range : 5.80 - 16.50
********** YTD : (44.35%) ***********

Chairman of Jetwing Hotels group, Hiran Cooray said: “The hotels are not right now operating on high occupancy. Even though tourists continue to arrive we still have another 50% excess capacity. Most hotels are averaging in 40 to 50% occupancy. In full capacity, Sri Lanka can handle 300,000 visitors a month very easily.”

https://www.themorning.lk/articles/66he3fnuQz1ZIb9OaUAC

JETWING SYMPHONY PLC (JETS.N0000) 6b020f10

ErangaDS · 14 Re: JETWING SYMPHONY PLC (JETS.N0000) Thu Jun 15, 2023 9:54 pm

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52 Week Range (15/06/22 - 15/06/23) , Current Market Price (CMP) & Year to Date Stock Performance (YTD) : KHL , AHUN , JETS

KHL 9.70 - 20.90
CMP 18.00
YTD 40%

AHUN 28.00 - 68.00
CMP 57.50
YTD 74.31%

JETS 5.80 - 16.50
CMP 6.70
YTD (42.50%)

ErangaDS · 15 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Jun 26, 2023 7:45 am

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From 1 August five stars required to charge $ 130 plus taxes as opposed to $ 60 at present due to intense price undercutting

Express confidence move will help improve financial viability of city hotels; save jobs and boost industry earnings
_The Hotels Association of Sri Lanka President M. Shanthikumar_

https://www.ft.lk/top-story/Minimum-room-rate-is-back-to-city-hotels-to-boost-tourism-earnings/26-749946

K.R · 16 Re: JETWING SYMPHONY PLC (JETS.N0000) Tue Jun 27, 2023 7:32 pm

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Top hotel chains will drive the sector:!:

SL tourism confident of ambitious 2 m arrivals in 2023

^Plans to boost arrivals to 5 m, whilst earning $ 21.6 b by 2030
“As part of its long-term strategy to welcome 5 million visitors by 2030, it hopes to lift the average spending per visitor to $ 4,000, with 2.5 million of them spending over $ 500 per day, indicating a concentration on luring high-end tourists.“

https://www.ft.lk/top-story/SL-tourism-confident-of-ambitious-2-m-arrivals-in-2023/26-749987

Tourist arrivals to Sri Lanka crossed the 600,000 mark this week, data from the Sri Lanka Tourism Development Authority showed.
Sri Lanka had welcomed 79,900 tourists as of June 25, bringing the cumulative arrivals for the January 01 to June 25 period to 604,386.
The top three source markets for the year so far have been India, the Russian Federation and United Kingdom

JETWING SYMPHONY PLC (JETS.N0000) Img_2112

ErangaDS · 17 Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Jun 30, 2023 12:15 pm

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ErangaDS wrote:52 Week Range (15/06/22 - 15/06/23) , Current Market Price (CMP) & Year to Date Stock Performance (YTD) : KHL , AHUN , JETS

KHL 9.70 - 20.90
CMP 18.00
YTD 40%

AHUN 28.00 - 68.00
CMP 57.50
YTD 74.31%

JETS 5.80 - 16.50
CMP 6.70
YTD (42.50%)

#JETS 7.00

JETS has down more than 40% YTD & compared with the valuations and the price movements of the other two hotel chains.
******* Further JETS has returned to profitability for the first time since COVID in Q4 23 ********

$$$ Room rates will be doubled from August ($60 - $130).
$$$ Lower interest rates & Increase in revenues(Room rates) will further increase the profitability of the company.

#JETS is still hovering around its 52 week low , despite 10% increase of the last trading day.

*First 26 days of June bring in 84,003 visitors

*Tourist arrivals tops 600000 mark
* Sri Lanka Tourism earlier this week expressed confidence in the industry’s potential to welcome two million arrivals and generate $ 3.7 billion in income this year, whilst setting its sights on increasing arrivals to 5 million and earning an impressive $ 21.6 billion by 2030.

https://www.ft.lk/front-page/Tourist-arrivals-top-600-000-mark/44-750082

ErangaDS · 18 Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Jun 30, 2023 10:15 pm

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ECONOMYNEXT _Hotels are the big beneficiaries of the tariff revision seeing their bills fall 26.3 percent to an average of 37.59 rupee a unit down from 50.97 rupees a unit earlier, according to calculation by the Public Utilities Commission of Sri Lanka.

This will further increase the profitability of the industry

K.R · 19 Re: JETWING SYMPHONY PLC (JETS.N0000) Thu Jul 06, 2023 6:52 pm

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JETS is about to launch

JETWING SYMPHONY PLC (JETS.N0000) Img_2212

JETWING SYMPHONY PLC (JETS.N0000) Img_2211

ErangaDS · 20 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Jul 10, 2023 7:53 am

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Tourism earnings soar to nearly $ 1 b in 1H

Tourism earnings for the first six months amounted to $ 986.2 million, reflecting a substantial 45.1% increase compared to the same period last year, whilst June earnings stood at $ 158.4 million
(Dft)

*First six days of July draw 24,000 tourists
*YTD arrivals at 648,775

Hiran Cooray - Chairman of Jetwing hotels on minimum room rates

“We must be confident in our ability to sell at a premium price, we must have confidence. Sri Lanka is due for it. Otherwise, we must completely leave this sector. How can someone who runs a hostel, guest house, or homestay by selling the rooms at $30 rate? If the five stars sell their property at the same rate. Each person will receive a payment based on the quality of their goods with the minimal hotel prices. We need to attract the wealthy Indians to visit and spend money.The minimum rate is merely a minimum rate; it is not a maximum rate, so that is the notion. In order to keep it open, they must be able to sell at that price. That won't lead the entire nation to collapse.”

https://www.themorning.lk/articles/xAHFYw65GPLuoD3AjBeI

K.R · 21 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Jul 10, 2023 7:54 pm

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JETS

is getting ready for a massive launch

backed by better financials

better business environment

JETWING SYMPHONY PLC (JETS.N0000) Img_2215

JETWING SYMPHONY PLC (JETS.N0000) Img_2214

K.R · 22 Re: JETWING SYMPHONY PLC (JETS.N0000) Tue Jul 11, 2023 9:30 pm

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K.R wrote:JETS is getting ready for a massive launch
backed by better financials
better business environment

JETWING SYMPHONY PLC (JETS.N0000) Img_2217

ErangaDS · 23 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Jul 17, 2023 9:00 am

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ErangaDS wrote:Excellent quarter 0.79 vs ( 1.06 ) “YoY”
Upcoming CEB tariff reduction will further increase the probability. (29% - 40% tariff reduction has been proposed for the hotel category.)

52 week range : 5.80 - 16.50
********** YTD : (44.35%) ***********

Chairman of Jetwing Hotels group, Hiran Cooray said: “The hotels are not right now operating on high occupancy. Even though tourists continue to arrive we still have another 50% excess capacity. Most hotels are averaging in 40 to 50% occupancy. In full capacity, Sri Lanka can handle 300,000 visitors a month very easily.”

https://www.themorning.lk/articles/66he3fnuQz1ZIb9OaUAC

*** This turnaround provides an opportunity for Hotel sector to seek an upward re-rating and increase valuations. ***

JETS 52 WEEK

[size=33]Taj Samudra Colombo kicks off June quarter earnings with promising start to city hotels[/size]
Kicking off the second quarter earnings season, Tal Lanka Hotels PLC, the owners and operators of Taj Colombo reported higher top and bottomline performance for the three months ended June 30, 2023.
Providing a glimpse to how Colombo city hotels fared in the last three months, Tal Lanka Hotels reported revenue of Rs.805.7 million for the April – June period, more than doubling the Rs.325.2 million reported for the same period last year, which was gripped by economic and social instability.

The tourist arrival numbers have so far been promising and offer hope for continued recovery, after a disastrous stretch marked by Easter attacks and the pandemic, boding favourably to the hospitality sector in the country.
Tal Lanka Hotels’ stock gained 70 cents or 4.07 percent on Friday to settle at Rs.17.90 a share.
The company reported a net profit of Rs.57.4 million or 41 cents a share for the three months under review compared to a loss of Rs.1,009.3 million or Rs.7.23 a share in the year earlier period reflecting the tough operating environment.

ErangaDS · 24 Re: JETWING SYMPHONY PLC (JETS.N0000) Thu Jul 20, 2023 9:00 am

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Sri Lanka can expect upto 200000 arrivals per month ( first time after Covid ) from October onwards.

Daily tourist arrivals July 2023
Sri Lanka has welcome 70000 tourists for the first two weeks of July

K.R · 25 Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Jul 21, 2023 8:58 pm

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JETS has launched

JETWING SYMPHONY PLC (JETS.N0000) Img_2226

JETWING SYMPHONY PLC (JETS.N0000) Img_2227

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JETWING SYMPHONY PLC (JETS.N0000)

1 JETWING SYMPHONY PLC (JETS.N0000) Sun Jun 26, 2011 5:32 pm

milanka

2 JETWING SYMPHONY PLC (JETS.N0000) Fri Jan 05, 2018 9:24 am

rasikagamage

3 Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Jan 05, 2018 3:53 pm

anges

4 Jetwing Symphony PLC Tue Nov 10, 2020 1:40 pm

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5 Re: JETWING SYMPHONY PLC (JETS.N0000) Wed Nov 11, 2020 2:13 am

Eranga87

6 Re: JETWING SYMPHONY PLC (JETS.N0000) Thu Apr 20, 2023 1:40 pm

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7 Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Apr 21, 2023 12:45 pm

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8 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Apr 24, 2023 12:41 pm

LHW

The glimpse of Sri Lanka’s tourism story 2023

9 Re: JETWING SYMPHONY PLC (JETS.N0000) Tue Apr 25, 2023 7:09 am

ErangaDS

10 Re: JETWING SYMPHONY PLC (JETS.N0000) Wed May 03, 2023 7:03 pm

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11 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon May 08, 2023 7:40 am

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12 Re: JETWING SYMPHONY PLC (JETS.N0000) Wed May 24, 2023 9:24 am

LHW

The glimpse of Sri Lanka’s tourism story 2023

13 Re: JETWING SYMPHONY PLC (JETS.N0000) Thu May 25, 2023 9:18 am

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14 Re: JETWING SYMPHONY PLC (JETS.N0000) Thu Jun 15, 2023 9:54 pm

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15 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Jun 26, 2023 7:45 am

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16 Re: JETWING SYMPHONY PLC (JETS.N0000) Tue Jun 27, 2023 7:32 pm

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17 Re: JETWING SYMPHONY PLC (JETS.N0000) Fri Jun 30, 2023 12:15 pm

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20 Re: JETWING SYMPHONY PLC (JETS.N0000) Mon Jul 10, 2023 7:53 am

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