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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

+54
Equityinvestor
drunkencub
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Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
RICHARD PIERIS AND COMPANY PLC (RICH.N0000) - Page 8 Scree215

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics
http://www.ft.lk/front-page/Southeast-Asia-s-largest-250-m-tyre-plant-to-be-opened-today/44-711613

RICHARD PIERIS AND COMPANY PLC (RICH.N0000) - Page 8 Rich-y10

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Time for RICH

Buy RICH get rich  Very Happy

Win Win likes this post

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Time for RICH

Vishwanarth likes this post

Pbv


Equity Analytic
Equity Analytic
How about 20+

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Pbv wrote:How about 20+
Why not, maybe even 25 in this bill run.

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Promoney wrote:
@Tradewise wrote:RICH is the only market player in retreading tyres in Srilanka. 3rd most valuable super market chain after keells and cargills with second highest revenue per store after keells.  Namu and kegalla plantation will do extremely well with demand for rubber and ban on palm oil cultivation. Well poised pvc sector. Only finance arm is not doing that good currently. China have started importing from rexp, it will perform well.  Additionally budget positives. This should trade above 18 in my opinion.

Great overall performance potential
කොටස් වෙළද පොළේ තියෙන මව් සමාගම් ඒ ගොල්ලන්ගෙ තැන්වලට ඇවිල්ල.දැන් ඔබේ වෙලාවයි. Basketball Basketball Basketball

RJ1010 and Win Win like this post

Win Win


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
RICH was not appreciated enough with ASPI move. Good investment!!
Expect to touch Rs.17.50 - Rs.18 in short term.

But, as per the my understanding, the best is DIPD and second best is TKYO.


Very good demand for DIPD, DIPD will touch Rs.500 before the report. Estimated EPS for the annum is Rs.90. So, Rs.600 level can be touched with Q3 report (Est. EPS for Q3 is Rs.25 to Rs.27)


Focus the Value

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
RICH getting ready for well deserved run 25+ this time considering how other shares appreciated last few weeks.

Ruchira sm

Ruchira sm
Equity Analytic
Equity Analytic
50cts dividend not bad for , hope the next one is better than this.
should trade above 18

David VKMS


Senior Equity Analytic
Senior Equity Analytic
RICH N

Going to be another moving stock

Based on 1. Revaluation gain on land banks
               2. International rubber price increase (natural rubber going to be a Gold in medium term)

Good buy 18 or below

187RICHARD PIERIS AND COMPANY PLC (RICH.N0000) - Page 8 Empty RICH Financial Highlights Thu Jun 03, 2021 10:03 pm

David VKMS


Senior Equity Analytic
Senior Equity Analytic
@David VKMS wrote:RICH N

Going to be another moving stock

2020/21
EPS - Rs. 2.30
NAV - Rs. 8.30

PER - 7.82x
PBV - 2.16 

At 10 PER RICH will be at RS.23.00
At 10 PER of Forward earning(Based on Q42021) - Rs.24.8


Compared to Capital good sector PE and PBV RICH is really under value.

23% of the total revenue contributed by Plantation Sector (1/3 from rubber) . Commodity (Rubber) Price increase going to be a additional advantage to RICH. 

RICH own very good land banks hart and sunburn area of Colombo. Investor can expect a huge revaluation gain in the 2021/22 Financial.

RICH with Massive upside potential.... 

David VKMS


Senior Equity Analytic
Senior Equity Analytic
RICH.N resistant was at 17.90 now at 18.00 level.
Time to enter

David VKMS


Senior Equity Analytic
Senior Equity Analytic
https://www.investing.com/equities/richard-pieris-and-company-technical

If RICH break 18.50 this week the next week target price is 20 plus

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