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Sri Lanka Equity Forum » Stock Market Talk » PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

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81PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Sep 07, 2019 9:57 pm

Sanju121


Stock Analytic
Stock Analytic
@samaritan wrote:QoQ earnings are inconsistent with a PE ratio of around 11.5 based on last 4 quarter earnings. Its over valued at present and price should come down with negative market sentiment prevailing as at now.
have you visited piramal glass factory?if not go and visit the factory before you comment..ive already visited it.new is machine production also started now.

82PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Sep 07, 2019 10:42 pm

ThilinaM


Manager - Equity Analytics
Manager - Equity Analytics
Recommend around 2 Rs per share. at least should have 18% return thats why. there is glass trend but still cant see clearly. thease glass bottles onece made do not need repeatedly manufacture . thats a issue?

83PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Sep 07, 2019 11:15 pm

Teller


Moderator
Moderator
Its look samaritan talks doest have any base here.

84PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sun Sep 08, 2019 7:45 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ThilinaM wrote:Recommend around 2 Rs per share. at least should have 18% return thats why. there is glass trend but still cant see clearly. thease glass bottles onece made do not need repeatedly manufacture . thats a issue?
Correct. Expansion doesn't mean profits are going to expand, they are only doing with hope. But we are not going to encounter miracles in the manufacturing sector that we have been unable to achieve over the last 70 years as correctly pointed out elsewhere by Teller.
Furthermore when market is falling why buy in a hurry???

85PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Mon Sep 09, 2019 10:53 am

ThilinaM


Manager - Equity Analytics
Manager - Equity Analytics
for piramal i tell wait untill pricess go down. this is long term investment like for 20 years.
anyway no body likes plastic now. with some regulation on plastic happened piramal would be gold.
wait until path is clear

86PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Wed Sep 11, 2019 9:50 am

Sanju121


Stock Analytic
Stock Analytic
Massive buying interest for GLASS

87PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Thu Sep 12, 2019 9:45 am

Sanju121


Stock Analytic
Stock Analytic
Look at the orders and demand for glass

88PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Tue Sep 17, 2019 1:18 pm

KOLAA


Stock Trader
Company is extending 6th production line to cater export and downstream markets, this is clearly showing 27% increments in export revenue and it is stood Rs 2,708 Mn during last year. Positive investors see the potential of this company due to following factors.


01.    5.7% increments in the human capital, mainly due to the increase in number of employees.
02.   Last two year FY 18 and 19 company has invested Rs 623 Mn and Rs 609 Mn in the CAPEX, Further First quarter of FY 2020 Company has invested Rs 364 Mn. The majority are capacity enhancement under WIP Rs 436 Mn
03.   Company has freehold land in Ratmalana, this will be revalued near future, there will be a positive impact on NBV, further fair value and revaluation reserve accounted for over Rs 100 Mn.
04.   Sanjaya Tiwari – Chairmen of the company purchased 1,114,116 Shares during last year, this is a clear indication for price escalation in the near future.
05.   Export revenue double compared to FY 2015, Currency depreciation will help further to record higher revenue and unrealized gain from debtors. Presidential award from highest export in ceramic/porcelain and Glass based products.
06.   Addressing the CSR and reputation risk through recycling and re-usable bottles, JKH is promoting Prima glass bottles.
07.   Positive EPS and DPS, if a moderate investor can expect 5.5% - 7.5% dividend payout. That’s reasonable to keep this stock for long time. During FY 19 Rs 13 Mn unclaimed dividend write off.
08.   Inventory movement is huge even though closing balances are continually increased, it is a very good sign of increasing the production in coming months, Inventory has increased by over 40% even after huge movements.
09.   Receivable has reducing and payable are improving, this will help to maintain healthy working capital cycle, cash balance is not bad, since they are earning from FD also.
10.   The exchange rate is we can expect positive since Srilanka has to go through a tough period in near future, especially Oil price increase and political uncertainty.
We can observe lots of good trading pattern, This is a bit of my view, you can do your own analysis, without going behind the manipulated stock. Especially new comes need to care about stock market behaviors in these days, so many stones becoming a Gem. Use your mind before you invest.


See you in another stock, If I see good in it.


No Trade Mark

89PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Tue Sep 24, 2019 9:03 am

NANDANA2012


Equity Analytic
Equity Analytic
Name should be corrected to "Piramal Glass". Piramal is an Indian Company who acquired earlier Ceylon Glass.

Can agree with your points. They have many good Fundamentals. Price should move with Next Report, even Rs. 5 could be a easy target.

90PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Thu Oct 17, 2019 2:01 pm

KOLAA


Stock Trader
Thanks, Nandana, Yes name is a mistake. I guess my analysis is making sense with price escalation.

91PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Thu Oct 24, 2019 11:40 am

INVESTCSE


Stock Trader
@Teller I am new to the group. I have few shares of GLASS. What is your advise whether to HOLD or SELL?

92PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Thu Oct 24, 2019 12:57 pm

nuwanmja


Equity Analytic
Equity Analytic
@INVESTCSE wrote:@Teller I am new to the group. I have few shares of GLASS. What is your advise whether to HOLD or SELL?
how you are new and have 3000+ Equity stars ? Shocked

93PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Thu Oct 24, 2019 1:01 pm

ThilinaM

ThilinaM
Manager - Equity Analytics
Manager - Equity Analytics
5.7% increments in the human capital, mainly due to the increase in number of employees.


increase in number of employees is weak sign . more payroll more costs

94PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Thu Oct 24, 2019 2:15 pm

INVESTCSE


Stock Trader
@nuwanmja wrote:
@INVESTCSE wrote:@Teller I am new to the group. I have few shares of GLASS. What is your advise whether to HOLD or SELL?
how you are new and have 3000+ Equity stars ? Shocked
I joined this forum in 2011 as shown, but I have been reading the posts published by members all the time. This is the first time I think I wrote on the forum. Smile

95PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 5 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Thu Oct 24, 2019 3:37 pm

KOLAA


Stock Trader
This has to reach above 5/= level

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