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Sri Lanka Equity Forum » Stock Market Talk » Plantation Sector

Plantation Sector

Go to page : Previous  1, 2, 3 ... 11, 12, 13

Go down  Message [Page 13 of 13]

241Plantation Sector - Page 13 Empty Re: Plantation Sector on Mon Sep 14, 2020 9:47 am

KavinduTM


Vice President - Equity Analytics
Vice President - Equity Analytics
@Mithooshan wrote:@Kipling - Any idea on CFLB it is going at a deep discounted price still and not recovered from what i understand ?

Apologies if it is not the right forum !

Plantation was the cancer for it. Now the interest is growing.

Kipling and Mithooshan like this post

242Plantation Sector - Page 13 Empty Re: Plantation Sector on Mon Sep 14, 2020 11:58 am

Chithi


Equity Analytic
Equity Analytic
KGAL & KVAL will give you 25%-30% profit within very short period of time. Most underrated 2 gems in the sector.

243Plantation Sector - Page 13 Empty Re: Plantation Sector on Mon Sep 14, 2020 2:05 pm

Kipling


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Kavindu 
As per March IR Nimal Perera built up position of 4mn++ shares in CFLB. Some who are collecting like one to believe he exited. I read in the good forum that a NP friend laughed & said NP has no reason to exit for profit of 16mn (4,000,000x4) as this is now chicken shit to him. I am told NP still adding to position. Please check & give invaluable view. Thanks.

KavinduTM likes this post

244Plantation Sector - Page 13 Empty Re: Plantation Sector on Mon Sep 14, 2020 8:00 pm

Kipling


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Samaritan OntheMoney Seniors 
Any comments on my last post.

245Plantation Sector - Page 13 Empty Re: Plantation Sector on Mon Sep 14, 2020 8:22 pm

KavinduTM


Vice President - Equity Analytics
Vice President - Equity Analytics
@Kipling wrote:Kavindu 
As per March IR Nimal Perera built up position of 4mn++ shares in CFLB. Some who are collecting like one to believe he exited. I read in the good forum that a NP friend laughed & said NP has no reason to exit for profit of 16mn (4,000,000x4) as this is now chicken shit to him. I am told NP still adding to position. Please check & give invaluable view. Thanks.

Ye actually CFLB is becoming attractive now. With the June IR the run will be started. More than 100% gain is possible within a year. Currently trading below 10/=

246Plantation Sector - Page 13 Empty Re: Plantation Sector on Mon Sep 14, 2020 8:40 pm

Kipling


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks Kavindu 
I am hearing NP buying any quantity that comes to market. A broker told me NP target. 100% gain in 1 year is super conservative. They are looking at a massive gain which will be justified on fundamentals as plantations- cancer as you so correctly called it - now fully cured.

247Plantation Sector - Page 13 Empty Re: Plantation Sector on Tue Sep 15, 2020 11:58 am

Kipling


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Seniors
Any take on my last post.

248Plantation Sector - Page 13 Empty Re: Plantation Sector on Tue Sep 15, 2020 3:17 pm

fireshelter

fireshelter
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Mal & Mal x

249Plantation Sector - Page 13 Empty Re: Plantation Sector on Wed Sep 16, 2020 8:01 am

ErangaDS

ErangaDS
Senior Equity Analytic
Senior Equity Analytic
ELPL & TPL has more room for upside movement (PE 4.58 , 4.86 respectively) Plantation Sector - Page 13 F0fb2d10

shan31 likes this post

250Plantation Sector - Page 13 Empty Re: Plantation Sector on Wed Sep 16, 2020 12:13 pm

Nuwancha


Stock Trader
@Kavindu tell me ur views about MASK.N

SANJAYANM likes this post

251Plantation Sector - Page 13 Empty Re: Plantation Sector on Wed Sep 16, 2020 2:10 pm

ErangaDS

ErangaDS
Senior Equity Analytic
Senior Equity Analytic
@ErangaDS wrote: Basketball Basketball ELPL & TPL has more room for upside movement (PE 4.58 , 4.86 respectively) Plantation Sector - Page 13 F0fb2d10
 
ELPL heading towards 35 📈

252Plantation Sector - Page 13 Empty Re: Plantation Sector on Wed Sep 16, 2020 5:13 pm

ErangaDS

ErangaDS
Senior Equity Analytic
Senior Equity Analytic
@ErangaDS wrote:
@ErangaDS wrote:  Basketball Basketball ELPL & TPL has more room for upside movement (PE 4.58 , 4.86 respectively) Plantation Sector - Page 13 F0fb2d10
 
ELPL heading towards 35 📈

Broken 30 in style , good support at 32.

253Plantation Sector - Page 13 Empty Re: Plantation Sector on Wed Sep 16, 2020 7:36 pm

SANJAYANM


Stock Analytic
Stock Analytic
Maskeliya is still under value compared to other plantation stocks.
Their last 2 quarters were improved.

Nuwancha likes this post

254Plantation Sector - Page 13 Empty Re: Plantation Sector on Thu Sep 17, 2020 8:45 am

ErangaDS

ErangaDS
Senior Equity Analytic
Senior Equity Analytic
Global demand for tea, rubber gloves up



Thursday, September 17, 2020 - 01:00

Print Edition
Finance
Plantation Sector - Page 13 Pg17-C
Increase in global demand for tea amidst a decline in global production (due to lockdown measures) is driving up prices stated SC Securities in their Plantation Sector update.
Between January to July 2020, Sri Lankan tea prices have gone up 6%, while cumulative tea production has declined by 15% YoY to 156.3 million Kg compared to 184.8 million Kg.
COVID 19 is also driving the global demand for rubber gloves. “Sri Lanka being one of the leading rubber glove producers, local demand for rubber is increasing fetching higher prices.”
The import ban on rubber-based products will boost the demand for domestically produced rubber products. Hence higher demand will attract higher prices for locally produced rubber.


The report, however, states that the decision banning new palm oil cultivations would negatively affect the palm oil industry. Sri Lanka’s Palm Oil Industry Association has appealed to reconsider the statement made by the President.

255Plantation Sector - Page 13 Empty Re: Plantation Sector on Thu Sep 17, 2020 12:40 pm

KavinduTM

KavinduTM
Vice President - Equity Analytics
Vice President - Equity Analytics
@Nuwancha wrote:@Kavindu  tell me ur views about MASK.N 

It should touch 16/=

Nuwancha likes this post

256Plantation Sector - Page 13 Empty Re: Plantation Sector on Thu Sep 17, 2020 12:45 pm

shan31


Equity Analytic
Equity Analytic
Guys whats your target price for KVAL still 72/= ,yet to join the run. Is it  good to buy at 72/=? what will be the exist price?

257Plantation Sector - Page 13 Empty Re: Plantation Sector on Thu Sep 17, 2020 12:55 pm

KavinduTM

KavinduTM
Vice President - Equity Analytics
Vice President - Equity Analytics
@shan31 wrote:Guys whats your target price for KVAL still 72/= ,yet to join the run. Is it  good to buy at 72/=? what will be the exist price?

80/= is a fair price for KVAL.

shan31 likes this post

258Plantation Sector - Page 13 Empty Re: Plantation Sector on Thu Sep 17, 2020 1:01 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
KVAL Rs 90.00 sure

259Plantation Sector - Page 13 Empty Re: Plantation Sector on Fri Sep 18, 2020 1:24 am

ErangaDS

ErangaDS
Senior Equity Analytic
Senior Equity Analytic
Oil Palm -
Current Price - Rs 300/L
Same Quarter 2019 (06/2019 - 09/2019 ) - Rs 180/L (70%+)
Last Quarter (03/2020 - 06/2020) - Rs 240/L (25%+)
“Stocks to watch - NAMU , ELPL , WATA”

260Plantation Sector - Page 13 Empty Re: Plantation Sector on Wed Sep 23, 2020 1:18 pm

ErangaDS

ErangaDS
Senior Equity Analytic
Senior Equity Analytic
Raw rubber prices set to gain amid import ban
23 September 2020 10:09 am - 0 - 18

A A A


Raw rubber prices have already gained by nearly Rs.100 a kilo or 33% since July
Ban on rubber-based product imports likely to stay until local production increases
Ban on raw rubber imports unlikely as they aid local value addition and exports
Sri Lanka’s raw rubber prices, which remained depressed for many years, could see a rebound from the current import controls in place for rubber-based products, enhancing prospects for plantation companies and smallholders alike.


The government has restricted imports of rubber-based products, including tyres, as part of its broader curbs on non-essential imports, to contain the pressure on foreign exchange.


A recent plantation sector update released by equity brokerage SC Securities said “the import ban on rubber-based products will boost the demand for domestically produced rubber products” and thereby “will attract higher prices for locally produced rubber”.


According to SC Securities, a subsidiary of Sampath Bank PLC, the import controls on rubber-based products could stay for some time, as the government is keen on providing assistance to local rubber-based producers, to ramp up their production.


For instance, the local tyre producers this week requested the government to continue with the current restrictions on two-wheeler and three-wheeler tyre imports,

citing they have adequate capacity to meet the local demand and could also produce for foreign markets, adding more jobs at home.


The prices of raw rubber have already gained in recent months, providing some relief to the battered regional plantation companies and the smallholders, with continuously depressed natural rubber prices remained for about eight years.


According to the auction prices available on the Rubber Research Institute of Sri Lanka website, the Latex Crepe 1X category, which averaged at Rs.275 a kilogramme on July 2, rose to Rs.335 a kilogramme, at the auction held on August 27.


In the most recent auction held on September 17, the price gained by a further Rs.30 a kilogramme to Rs.365.
However, these prices are far from their peak of nearly Rs.600 reached in 2012.


Nevertheless, these high prices remained only for two years, before declining to around Rs.200, which made the industry unsustainable and sent many smallholders out of production.


Smallholders account for 65 percent of the rubber production.


According to Planters’ Association (PA) of Sri Lanka Immediate Past President Sunil Poholiyadde, the regional plantation companies were forced to offer work, as they had a permanent workforce and harvest latex in order to keep the workers employed, even though the cost of production was much higher than the sales average at the auction.


Speaking at the PA’s Annual General Meeting held last week, he said he negotiated three wage increases, despite the prices remaining largely static.


The government last month said it was considering limiting imports of raw rubber used in local value-added industries, to encourage and promote local rubber cultivation and thereby afford the growers a higher price.


It has been proposed to look at a model for rubber imports, by matching the imports by a value-addition company with the amount of rubber it procures domestically.


But such a model could hamstring the industry, as local rubber production is nowhere near what the manufactures consume, since production cannot be ratcheted up immediately and the sector woes run deep.The local rubber production is half the local demand. While the annual demand for both Latex and RSS categories is 150,000 metric tonnes, the local production is only 77,000 metric tonnes, forcing the rubber-based manufacturers to import the shortfall.


The manufacturers and exporters of rubber products in Sri Lanka charged that a mafia of middlemen was trying to artificially manipulate the prices of raw rubber, by hoarding stocks and lobbying the government to control imports, so that their stocks could be sold at elevated prices.


SC Securities said such restriction on raw rubber imports is unlikely, as such imports are used for local value addition, which generates jobs and export earnings.


For instance, the brokerage cited the improved demand for rubber gloves from Sri Lanka, during the pandemic.
“COVID-19 is driving the global demand for rubber gloves. Sri Lanka being one of the leading rubber glove producers, local demand for rubber is increasing, fetching higher prices,” SC Securities noted.

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