CEYLON COLD STORES PLC (CCS.N0000)

EquityChamp · **126** Re: CEYLON COLD STORES PLC (CCS.N0000) Sat Nov 05, 2016 9:55 pm

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I have upgraded the CCS earnings forecast based on the 1H financial results. It is currently trading at a forward PE of 15.3x based on 16/17 earnings and at a forward PE of 13.1x based on 17/18 earnings @ CMP of 664/-. It is still trading at a slightly discounted price compared to sector PEs. A great potential to appreciate further in mid term.

	2014	2015	2016	2017	2018	2019	2020
Revenue (Mn)	26,330	30,969	37,633	46,368	53,542	61,827	71,394
Operating Profit (Mn)	1,541	2,160	3,896	5,564	6,425	8,038	9,995
PAT	1,218	1,525	2,875	4,117	4,819	6,028	7,496
EPS	12.8	16.1	30.3	43.3	50.7	63.5	78.9
PE	11x	16x	14x	15x
DPS	4	11	18	24	28	35	43

Thanks

kassachandimal · **127** Re: CEYLON COLD STORES PLC (CCS.N0000) Sun Nov 06, 2016 7:52 am

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Great work EC. CCS will move to 700 levels in no time

TARGET · **128** Re: CEYLON COLD STORES PLC (CCS.N0000) Sun Nov 06, 2016 9:17 am

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kassachandimal wrote:Great work EC. CCS will move to 700 levels in no time

No time?

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Popular consumer foods brand Elephant House is getting bullish about future prospects judging by its decision to roll out a significant Rs. 5.7 billion expansion and modernisation plan.

John Keells Holdings, the parent of Ceylon Cold Stores (CCS), on Friday revealed that a new ice cream plant, with an investment of Rs. 3.2 billion, and a modern bottling line at a cost of Rs. 2.5 billion are due to commence shortly. The move is to cater to the envisaged demand and address existing capacity constraints.

For CCS the investment is the biggest in recent years and for JKH it is equally significant in the diversified blue chip’s manufacturing business.

The expansion move comes on the back of the improved performance of JKH’s consumer foods and retail business. In the first quarter this business segment generated a group profit before tax of Rs. 1.6 billion, up by 55% from a year earlier. CCD’s first half revenue rose by 31% to Rs. 21 billion and gross profit by 39% to Rs. 3.78 billion. Pre-tax profit grew by 56% to Rs. 2.68 billion and after tax by 52% to Rs. 1.9 billion.

The Elephant House brand offers 18 flavours of soft drinks and 32 flavours of ice creams. The retail sector has over 50 Keells Supermarkets. “Profitability of the Frozen Confectionery and Beverage businesses were driven by double-digit growth in volumes and improved margins,” said JKH Chairman Susantha Ratnayake, who disclosed that JKH Group profit before tax in 2Q grew by 14% to Rs. 5.17 billion and the first half figure by 16% to Rs. 8.75 billion.

The new plants for CCS are expected to be completed in two years. The Elephant House brand is celebrating 150 years of operation this year. The existing bottling plant was commissioned in 1998.

In the 2Q, the manufacturing business saw revenue of Rs. 3.78 billion, up from Rs. 3 billion a year earlier, while the segment’s result was Rs. 1.05 billion, up from Rs. 688 million.

The retail business’ revenue was Rs. 7.15 billion, up from Rs. 5.2 billion while the segment’s result was Rs. 292.5 million, up from Rs. 210.8 million. For six months manufacturing turnover grew from Rs. 5.9 billion to Rs. 7.4 billion and that of retail from Rs. 10.3 billion to Rs. 14 billion. The pre-tax profit of manufacturing rose to Rs. 2.2 billion from Rs. 1.2 billion and that of retail rose from Rs. 430 million to Rs. 755 million.

The Retail sector continued its strong performance with steady growth in average basket values and customer footfall contributing positively towards a year-on-year growth in same store sales coupled with a notable incremental contribution from the newly opened outlets. Nine new outlets have been opened during the period under review and a further 11 outlets are due to be opened during the remainder of the financial year.

Last year the CCS Company contributed approximately 79% to the Group’s profits and accounted for 72% of its total assets.

Both companies achieved their best performance to date in terms of revenue and profit, surpassing those set in 2014/2015. As a result, the Group experienced a significant growth of 88% in consolidated profit after tax to Rs. 2.87 billion.

In FY16, the beverage and ice-cream categories achieved volume growths of 26% and 21% respectively against the previous year. This volume growth saw the company’s top line grow by 25%, thus facilitating a 94% growth in profits due to the high operating leverage of the business. Retail saw top line growth of 22% in the Retail business on account of the same store sales growth of 13%. After tax profit grew by 156% to Rs. 905 million.

The robust growth in sales and the bottomline at CCS comes despite the company earlier this year fearing a moderation of consumption.

Sri Lanka’s carbonated soft drinks market is estimated at 216 million litres with per capita consumption of approximately 10 litres. The CSD market grew by an estimated 20% during the year, supported by the consumption boom in 2015. The frozen confectionery market is estimated at 40 million litres per annum, while per capita ice cream consumption is around 2 litres, still below its regional counterparts. This market is expected to have grown by 18% in 2015. -

See more at: http://www.ft.lk/article/578681/Elephant-House-gets-bullish--kicks-off-Rs--5-7-b-expansion#sthash.Lc1hdtLN.dpuf

kalu_mahaththaya · **130** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 07, 2016 10:12 am

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CCS WILL GO BEYOND RS.1000/- WITHIN 2 MONTHS...

kassachandi · **131** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 07, 2016 10:47 am

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Target did you see now what is "no time" means?

EquityChamp · **132** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 07, 2016 1:57 pm

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As I have written already the current level of profitability will drive the share price t0 1,200+ by 2020. You can calculate the annual compounded growth rate for four years from current price levels. This is another AAA+ investment grade stock for me.

kassachandimal · **133** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 07, 2016 6:57 pm

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CCS have given an improved 1st interim dividend of 8rs. So by looking at this we can estimate an annual dividend of around 32-35 this year. What a GEM this is. Basketball

kassachandimal · **134** Re: CEYLON COLD STORES PLC (CCS.N0000) Tue Nov 08, 2016 1:48 pm

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What a share this is. CCS never gave me losses. 725 and still going strong

EquityChamp · **135** Re: CEYLON COLD STORES PLC (CCS.N0000) Tue Nov 08, 2016 1:54 pm

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EquityChamp wrote:As I have written already the current level of profitability will drive the share price t0 1,200+ by 2020. You can calculate the annual compounded growth rate for four years from current price levels. This is another AAA+ investment grade stock for me.

Its a 15% compounded growth rate for a 4 year investment plus a dividend yield of 3% to 5% annually. Better than any of the fixed income instrument in the market.

kassachandimal · **136** Re: CEYLON COLD STORES PLC (CCS.N0000) Tue Nov 08, 2016 2:27 pm

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Yes EC. Can u please answer my question in ur Swisstek thread

DANIDU · **137** Re: CEYLON COLD STORES PLC (CCS.N0000) Thu Nov 24, 2016 11:05 am

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Thought to bring up this thread for review and education purpose . CCS is good investment for long run. it has appreciated much but have feeling that it will do more....

This is not a recommendation for any body to buy but better to get an update from EC.

see the below link when I was requesting a help to identify some best stocks unfortunately, I missed TAFL at 125 on that time but my chance came back now.

http://forum.srilankaequity.com/t50601-future-gems-kind-help?highlight=kind

EquityChamp · **138** Re: CEYLON COLD STORES PLC (CCS.N0000) Thu Nov 24, 2016 3:15 pm

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My discounted price, taking into account next four years profit of CCS, which was 859/- is achieved today. The share is riding on its illiquidity even under current market conditions.

By the way now it seems the price is heated too much. If you are new then let the price to cool off for a while and then decide. Remember my long term target has been 1,200/-.

Thanks

DANIDU · **139** Re: CEYLON COLD STORES PLC (CCS.N0000) Fri Nov 25, 2016 3:32 am

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වර්ණ සංකේත භාවිතයෙන් පසු පැණිබීමවල සීනි 10% කින් අඩුවේ
පැණි බීම වර්ගවල අඩංගු සීනි ප්‍රමාණය සඳහන් කෙරෙන වර්ණ සංකේත ක්‍රමය භාවිත කිරීම ඉකුත් අගෝස්‌තු පළමු වැනිදා සිට අනිවාර්ය කිරීමෙන් පසු බොහෝ පැණි බීම නිෂ්පාදකයන් සිය පැණි බීම වර්ගවල අඩංගු සීනි ප්‍රමාණය සියයට 10 කින් පමණ අඩු කර ඇති බව අනාවරණය වී ඇතැයි සෞඛ්‍ය පෝෂණ හා දේශීය වෛද්‍ය කටයුතු අමාත්‍යංශය පවසයි.

පැණි බීම වර්ගවල අඩංගු සීනි ප්‍රමාණය තවත් අඩුකරලීමට අවශ්‍ය පියවර ඉදිරියේදී ගන්නා බව අමාත්‍යංශය කියයි. එමෙන්ම පුද්ගලයකු දෛනිකව පරිභෝජනය කළ යුතු සීනි ප්‍රමාණය ද වර්ණ සංකේත ක්‍රමය යටතේ පැණි බීම බෝතල්වල සඳහන් කිරීමේ හැකියාව සොයා බලාගෙන යන බවත් එවැන්නක්‌ ක්‍රියාත්මක කරන තෙක්‌ පුද්ගලයකු දෛනිකව පරිභෝජනය කළ යුතු වන සීනි ප්‍රමාණයට ආසන්න වූ කොළ පැහැති වර්ණ සංකේතය දක්‌වා ඇති පැණි බීම භාවිත කරන ලෙස සෞඛ්‍ය අමාත්‍යංශය මහජනතාවගෙන් ඉල්ලා සිටී.

දියවැඩියාව ඇතුළු බෝනොවන රෝග මෙරට පැතිරීම පාලනය කිරීමේ අරමුණින් ක්‍රියාත්මක කර ඇති මෙම වර්ණ සංකේත ක්‍රමය නිසි පරිදි ක්‍රියාත්මක වන්නේ ද යන්න පිළිබඳව වෙළෙඳපොළේ අලෙවි කෙරෙන ආහාර පාන සෞඛ්‍යාරක්‍ෂිත ද යන්න සොයා බැලීම සඳහා මෙම මස 28 වැනිදා සිට දෙසැම්බර් 03 වැනිදා දක්‌වා කාලය තුළ ජාතික ආහාර සුරක්‍ෂිතතා සතියක්‌ ක්‍රියාත්මක කෙරෙන බව සෞඛ්‍ය සේවා අධ්‍යක්‍ෂ ජනරාල් වෛද්‍ය පාලිත මහීපාල මහතා ඉකුත් 23 වැනිදා කොළඹ සෞඛ්‍ය අධ්‍යාපන කාර්යාංශයේ
පැවැති ප්‍රවෘත්ති සාකච්ඡාවකදී ප්‍රකාශ කළේය.

Divaina

Ryan Hudson · **140** Re: CEYLON COLD STORES PLC (CCS.N0000) Fri Nov 25, 2016 5:55 am

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CCS major earning increase is from exports and keells super in addition to ice cream and soft drinks

rosa maria · **141** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Mar 13, 2017 7:20 pm

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karuna wrote:Anyway my average cost of ccs 165 below
I am in over 350% profit .

If you're brought currently trading 650/700 or u also future profitable business man.
It's not necessary to promote always or posting always.
I am sure ccs will move over 2000 . and my idea is get over 2000% profit .
Thanks there is no end .

now 800 moving with manipulating

EquityChamp · **142** Re: CEYLON COLD STORES PLC (CCS.N0000) Sun Apr 09, 2017 9:33 am

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EquityChamp wrote:As I have written already the current level of profitability will drive the share price t0 1,200+ by 2020. You can calculate the annual compounded growth rate for four years from current price levels. This is another AAA+ investment grade stock for me.

It seems that I don't need to wait till 2020. At the going rate the share looks set to reach 1,200/- by this year itself. Very Happy

EquityChamp · **143** Re: CEYLON COLD STORES PLC (CCS.N0000) Wed Apr 26, 2017 10:14 pm

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CCS touched 1,000. There should be winners through CCS by now, are there any? Laughing

rosa maria · **144** Re: CEYLON COLD STORES PLC (CCS.N0000) Sat Dec 09, 2017 4:48 pm

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rosa maria wrote:

karuna wrote:Anyway my average cost of ccs 165 below
I am in over 350% profit .

If you're brought currently trading 650/700 or u also future profitable business man.
It's not necessary to promote always or posting always.
I am sure ccs will move over 2000 . and my idea is get over 2000% profit .
Thanks there is no end .

now 800 moving with manipulating

sometime this will move to 5000

Agape · **145** Re: CEYLON COLD STORES PLC (CCS.N0000) Tue Dec 12, 2017 2:49 pm

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On what basis and time period is the Rs 5000\= stated?

EquityChamp · **146** Re: CEYLON COLD STORES PLC (CCS.N0000) Wed Apr 11, 2018 6:11 pm

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In 2015 we talked about 400 on CCS. Then we saw good results consistently in 2015 and 2016. Then the Government get addicted similar to many other cases and shaped tax on tax. Then the profits declined in 2017. However the stock is still trading close to 1,000. What we can see from CCS this year. Any body has analysed it Basketball

Dilendra23 · **147** CEYLON COLD STORES PLC (CCS.N0000) Sun Nov 15, 2020 7:47 am

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what can the expected price be at the end of the year saw some selling under the price of 660 last week is there a coming down trend are is it just panic selling due to covid?

xhora · **148** Re: CEYLON COLD STORES PLC (CCS.N0000) Sun Nov 15, 2020 4:55 pm

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If you look carefully at the past few years financial you can see huge amounts of growing debt, negative cash flows, and flat revenue growths.

I too sold at 670 levels after the recent financials since at these prices this is way overvalued
I think fair value should be around 500/=

If this comes to that range will enter again for the very long term

samaritan · **149** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 11:33 am

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xhora wrote:If you look carefully at the past few years financial you can see huge amounts of growing debt, negative cash flows, and flat revenue growths.

I too sold at 670 levels after the recent financials since at these prices this is way overvalued
I think fair value should be around 500/=

If this comes to that range will enter again for the very long term

This has to be put in cold storage for some time.

Kipling · **150** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 12:00 pm

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Dear Samaritan
Aspi at crawl speed. TO not great. I hope at lease on Wednesday we see raging bull. Poor show so far & ANC should worry.

samaritan · **151** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 12:13 pm

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Kipling wrote:Dear Samaritan
Aspi at crawl speed. TO not great. I hope at lease on Wednesday we see raging bull. Poor show so far & ANC should worry.

True. I feel its all b'cos of pending budget and its going to be a challenging task this time due to pandemic. Positive side is certain sectors & companies have performed well. Lets wait & see.

Kipling · **152** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 12:45 pm

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Any doubt on pending Bull?

samaritan · **153** Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 1:45 pm

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Kipling wrote:Any doubt on pending Bull?

Not at all, things can turnout very much in favor for a bull run.

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CEYLON COLD STORES PLC (CCS.N0000)

126 Re: CEYLON COLD STORES PLC (CCS.N0000) Sat Nov 05, 2016 9:55 pm

EquityChamp

127 Re: CEYLON COLD STORES PLC (CCS.N0000) Sun Nov 06, 2016 7:52 am

kassachandimal

128 Re: CEYLON COLD STORES PLC (CCS.N0000) Sun Nov 06, 2016 9:17 am

TARGET

129 Elephant House gets bullish; Kicks off Rs. 5.7 b expansion Mon Nov 07, 2016 7:27 am

kassachandimal

130 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 07, 2016 10:12 am

kalu_mahaththaya

131 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 07, 2016 10:47 am

kassachandi

132 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 07, 2016 1:57 pm

EquityChamp

133 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 07, 2016 6:57 pm

kassachandimal

134 Re: CEYLON COLD STORES PLC (CCS.N0000) Tue Nov 08, 2016 1:48 pm

kassachandimal

135 Re: CEYLON COLD STORES PLC (CCS.N0000) Tue Nov 08, 2016 1:54 pm

EquityChamp

136 Re: CEYLON COLD STORES PLC (CCS.N0000) Tue Nov 08, 2016 2:27 pm

kassachandimal

137 Re: CEYLON COLD STORES PLC (CCS.N0000) Thu Nov 24, 2016 11:05 am

DANIDU

138 Re: CEYLON COLD STORES PLC (CCS.N0000) Thu Nov 24, 2016 3:15 pm

EquityChamp

139 Re: CEYLON COLD STORES PLC (CCS.N0000) Fri Nov 25, 2016 3:32 am

DANIDU

140 Re: CEYLON COLD STORES PLC (CCS.N0000) Fri Nov 25, 2016 5:55 am

Ryan Hudson

141 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Mar 13, 2017 7:20 pm

rosa maria

142 Re: CEYLON COLD STORES PLC (CCS.N0000) Sun Apr 09, 2017 9:33 am

EquityChamp

143 Re: CEYLON COLD STORES PLC (CCS.N0000) Wed Apr 26, 2017 10:14 pm

EquityChamp

144 Re: CEYLON COLD STORES PLC (CCS.N0000) Sat Dec 09, 2017 4:48 pm

rosa maria

145 Re: CEYLON COLD STORES PLC (CCS.N0000) Tue Dec 12, 2017 2:49 pm

Agape

146 Re: CEYLON COLD STORES PLC (CCS.N0000) Wed Apr 11, 2018 6:11 pm

EquityChamp

147 CEYLON COLD STORES PLC (CCS.N0000) Sun Nov 15, 2020 7:47 am

Dilendra23

148 Re: CEYLON COLD STORES PLC (CCS.N0000) Sun Nov 15, 2020 4:55 pm

xhora

149 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 11:33 am

samaritan

150 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 12:00 pm

Kipling

151 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 12:13 pm

samaritan

152 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 12:45 pm

Kipling

153 Re: CEYLON COLD STORES PLC (CCS.N0000) Mon Nov 16, 2020 1:45 pm

samaritan

154 Re: CEYLON COLD STORES PLC (CCS.N0000)

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