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Sri Lanka Equity Forum » Stock Market Talk » TEEJAY LANKA PLC (TJL.N0000)

TEEJAY LANKA PLC (TJL.N0000)

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1TEEJAY LANKA PLC (TJL.N0000) Empty TEEJAY LANKA PLC (TJL.N0000) on Tue Jun 07, 2016 8:18 am

EquityChamp

EquityChamp
Moderator
Moderator
The stock is very very bullish. Unable to do a further study because the cse.lk site is bullshit these days.
TEEJAY LANKA PLC (TJL.N0000) Textur10



Last edited by EquityChamp on Fri Oct 07, 2016 6:45 am; edited 2 times in total

2TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Tue Jun 07, 2016 8:41 am

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Dividend declared, good profits,company enhanced,GSP+ on da way.. What else?? 45+ midterm.:-)

3TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Tue Jun 07, 2016 1:19 pm

Teller

Teller
Moderator
Moderator
Have some exports companies shares. GSP Plus is possible this time.


_________________




Teller said is said..

4TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 7:48 am

EquityChamp

EquityChamp
Moderator
Moderator
After a huge battle with CSE website managed to get some info for a detailed analysis. You can refer below table for a summary and FY 2016/17 forecast.
 2010/112011/122012/132013/142014/152015/162016/17F
Turnover     9,285   12,364   10,951   12,725   13,678   17,830     19,613
GP margin11.7%10.3%11.6%11.5%11.9%16.9%16.0%
Net profits        685         629      1,016      1,153      1,332      2,172        2,354
NP margin7.4%5.1%9.3%9.1%9.7%12.2%12.0%
EPS         1.2          1.0          1.6          1.8          2.0          3.1            3.4
DPS 0.481.241.31.31.6         1.70
DY %   8.2%5.4%5.0%4.6%
PER              -               -           9.0        11.9        10.2          11.0
As you can see in the above table TJL has consistently maintain a healthy profit margin till 2014/15. In the year 2015/16 the margin jumps to 17%, a 5pp increase over last year as well the revenue leapfrog by 30%. The jump had mainly happen in Q2 and Q3 where LKR depreciated heavily. Subsequently in Q4 (Jan-Mar 16 period) I observed a decline in revenue QoQ where the LKR depreciation was by only 0.6 rupees. This clearly shows that FY 2015/16 is clearly benefitted to TJL by LKR depreciation and as a result huge improvement in share price as well.
Next year I won't see such a depreciation in LKR so that any revenue growth to be of normal growth in business volumes but margins going to be same. Therefore I expect a PAT of 2.35bn for next year. In terms of valuations, the share is currently trading @ a PE of11x @ CMP which is equal to their historical average PE. This means that the share is currently trading @ a fair price and so short term gains will be very low based on intrinsic value method. However given their strong annual growth earnings outlook in the longer term we can expect an annual compound growth rate of 10% for the stock price subject to positive overall market growth momentum. Also you can expect an annual DY of 5% which is very attractive compared to market DY. This stock is recommended for value investors who are willing to build a long term-growing portfolio.

Thanks

5TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 7:54 am

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Fantastic,, hats off for ur effort.

6TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 8:39 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Few months ago I thought EC is reappearing of SLS in new identity king

7TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 9:13 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Goodwork EC.

8TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 9:30 am

EquityChamp

EquityChamp
Moderator
Moderator
@Chinwi wrote:Few months ago I thought EC is reappearing of SLS in new  identity king
EquityChamp was a profile created initially with a fondness to participate actively in this Forum. Later on I identified how it was in the past and from there to current state. I understood and research how the past giants were contributing. People like SLS,Small, etc were fantastic fundamental analysts and people like Shark,RPPA etc were fantastic technical analysts. So I decided EquityChamp profile should be positioned as an ideal blend of fundamental as well as technical analysis with a little bit flavor on humor.

So from there to now you see how the profile of EC evolves. If the members getting any advantage from it then I am more than happy.

Thanks

9TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 11:57 am

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This is the best and safer share in CSE currently coz of Many reasons.. So get in to it quckly before it accelerates .. :-)

10TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 12:01 pm

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@EquityChamp wrote:
@Chinwi wrote:Few months ago I thought EC is reappearing of SLS in new  identity king
EquityChamp was a profile created initially with a fondness to participate actively in this Forum. Later on I identified how it was in the past and from there to current state. I understood and research how the past giants were contributing. People like SLS,Small, etc were fantastic fundamental analysts and people like Shark,RPPA etc were fantastic technical analysts. So I decided EquityChamp profile should be positioned as an ideal blend of fundamental as well as technical analysis with a little bit flavor on humor.

So from there to now you see how the profile of EC evolves. If the members getting any advantage from it then I am more than happy.

Thanks
Hats of dear EC

11TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 9:01 pm

Suranga malli

Suranga malli
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Den okka Maximum udata geela thiyenne..GSP magula denna kalin appahu okka pahalata ei...

12TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 10:09 pm

EquityChamp

EquityChamp
Moderator
Moderator
Technical charts indicate TJL is in overbought condition though the daily and weekly charts show a buy signal. Better thing is to allow some time to cool-off the heat. May be it will stabilize around 35.

13TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 11:15 pm

crnsuranjith


Senior Equity Analytic
Senior Equity Analytic
https://www.facebook.com/harshadesilvaunp/videos/806164702846843/

Dear EC,

How much discount (%) get for GSP+ and Did you consider it for your FY 2016/17 forecast ?

Thank you.

14TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 11:23 pm

Teller

Teller
Moderator
Moderator
Price can drop to 34.50 but we don't know how will react by foreign party and GSP Plus.
99% GSP Plus is sure so accordingly flying 45/- also possible.
In approximately TJL has given me 13-14 lakh dividend income since I invested on it.
I respect TJL management, staff who dedicated to my return


_________________




Teller said is said..

15TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Wed Jun 08, 2016 11:56 pm

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If it come down to 35, what an oppurtunity to buy back.. i feel it wont come down to dat below by looking at its trading pattern. This is nt a fake run, dividend declared, GSP + soon. & Dnt forget ,having GSP + or not This share was driven by its consistent growth over the past few years. So nothing to worry about GSP factor, jst hold.

16TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Thu Jun 09, 2016 2:28 am

crnsuranjith


Senior Equity Analytic
Senior Equity Analytic
it is heading to 40 by this Friday.

17TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Thu Jun 09, 2016 10:15 pm

Suranga malli

Suranga malli
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@crnsuranjith wrote:it is heading to 40 by this Friday.
Share price ekkak ehema wedi kapu widiyata Ehema yanne bang...Okko 34 rata  33 ta wage ei...GSP lebunoth 40++ Sure..

18TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Thu Jun 09, 2016 10:55 pm

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Balan hitapan oka 34 ta enakan.. Razz

19TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Thu Jun 09, 2016 11:00 pm

Suranga malli

Suranga malli
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Ei malli awulda...??

20TEEJAY LANKA PLC (TJL.N0000) Empty Re: TEEJAY LANKA PLC (TJL.N0000) on Fri Jun 10, 2016 8:42 pm

Suranga malli

Suranga malli
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kumarweerarathne wrote:Balan hitapan oka 34 ta enakan.. Razz
Malli kohamada okka pahalata awe...34 rata ei sure...

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