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Sri Lanka Equity Forum » Stock Market Talk » LHCL is the today winner(Target Price Rs.100/-)

LHCL is the today winner(Target Price Rs.100/-)

Go down  Message [Page 1 of 1]

Teller

Teller
Moderator
Moderator
The Lanka hospitals Or known as Appollo hospitals is considered as the market leader among sri lankas private hospitals. They are the number one service provider in the industry from president,ministers to ordinary people. In the past two years company has delivered competitive returns in terms of sales,net profit,retained earnings, net book values, zero level debt in balance sheet ( 0 peg ratio)and. continuous dividend payment has proved it success.

The Group Profit Before Tax (PBT) of Lanka Hospitals Corporation stood at Rs.428 million for the first six months
(30Th June)
of the financial year 2015. This was an 81 percent increase compared to Rs. 236 million recorded in the
corresponding period of the financial year 2014.
The revenue for the first half of the financial year 2015, increased by 20 percent to Rs.2.65 billion compared to
Rs.2.21 billion recorded during the corresponding period of the fiscal year 2014.

Jan 2015- June 2015 EPS 1.66
July 2015-Dec 2015 (F) EPS 2.32
YEARLY EPS 3.98
Hospital sector market PER minimum 22.5x in sri lanka ( 40-45 % in world)
Share price should be adjusted to Rs.89.55

Revenue 2014 Rs. 4,491mn, 2013 Rs 4,071mn , 2012 3,405 mn
Profit before interest & tax Rs. 2014 Rs.504 2013 Rs. 607 ,2012 Rs. 337

Profit after tax 2014 Rs. 565mn 2013 688 mn, 2012 386 mn

Annual revenue growth 2014/13/12 % 10% 20% 15%

Gross profit margin 2014/13/12 57% 58% 55%

Operating Profit Margin 2014/13/12 11% 15% 10%

Net Profit Margin 2014/13/12 13% 17% 11%

Earnings per share 2014/13/12 Rs. 2.53 ,3.08 ,1.73
Net Assets Per share 2014/13/12 Rs. 20.34 ,18.14 16.22


Other factors
Fortis Global Healthcare Holdings Pte Ltd owns 64,120,915 shares but most them are purchaed Rs.100 plus.,

Net asset value ( PBV is very low compare with other hospitals) per share Rs 21.20 ( Asiri hospitals has Rs.5 net asset value but trade above 20/-)

Huge retained earnings Rs.1038 million

The best cash flow i Never seen any CSE company Rs.1079 million and company runs with out any bank loan ( only bank OD )

The market leader and government own more than 50% and the largest Sri Lanka insurance is forwarding their all clients to LHCL.

Increasing of disposable income,increasing of insurance policies,tourism boom, more Maldivian citizens trusty.

Positive technical factors. PV Graph shows 77.50 with semi bullish inner circles.

Below 10 million shares are available to trade and there is a more chance to buy back the rest of shares( last couple of months foreign buying witnessed.)

20 Share holders holding 95% of total shares. 30Th June 2015 share holding as follows.

1. Sri Lanka Insurance Corporation Ltd - Life Fund 66,097,350 29.54%
2.Fortis Global Healthcare Holdings Pte Ltd 64,120,915 28.66%
3.Sri Lanka Insurance Corporation Ltd - General Fund 56,080,643 25.07%
4.Property Development PLC 21,329,000 9.53%
5.HSBC INTL Nom Ltd BBH-Grandeur Peak Emerging markets Opportunities fund 1,640,200 0.73%
6.Bank of Ceylon A/c Ceybank Unit Trust 1,039,745 0.46%

one of Competitors Asiri hospitals Earning per share Rs. 1.29 For the period of 2014/15 and trade around 20x PE multiples. But it trades around 20 rupees. ASIR assest value rs.5.48 in that scenario it trade 4 times of its Assest value. LHCL Trade 2 times of its asset value. In that scenario it should trade above 80/-.
By considering all the matters ,LHCL MUST TRADE ABOVE 70/- at the moment. (Now @ 52/-)
Best of luck

SUSPENS

SUSPENS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
NO DOUBT IT WILL GO PASS 70 COMING MONDAY.........

Teller

Teller
Moderator
Moderator
LHCL Follows ABANs pattern in PV graphs. This is a winning stock surely. 95% Holdings are not available for trading. 0 debt balance sheet. Definitely 65-70 will touch . Trust me and buy. Guaranteed results


_________________




Teller said is said..

VALUEPICK

VALUEPICK
Expert
Expert
Lot of stocks will adjust to bull market P/E ratio during remaining stages of current bull market as they are trading great discount to the market.

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