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Sri Lanka Equity Forum » Stock Market Talk » KELANI TYRES PLC (TYRE.N0000)

KELANI TYRES PLC (TYRE.N0000)

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1KELANI TYRES PLC (TYRE.N0000) Empty KELANI TYRES PLC (TYRE.N0000) on Mon Oct 12, 2020 1:38 pm

High-flyer

High-flyer
Equity Analytic
Equity Analytic
What will be the Financial Prospect of the Kelani Tyres in coming Quarterly Results?


Summary of Results as of 30 June 2020 (Q1)


- CEAT Tyres (JV) has only made 182Mn PAT which includes 152Mn tax revesal.
- CEAT Tyres (JV) TO for last five Qs

        2019/20 Q1  - 2.3 Bn (Ester Attack)
                     Q2  - 2.6 Bn
                     Q3  - 3 Bn 
                     Q4  - 1.55 Bn (Covid Lock-down)
 
        2020/21 Q1  - 1.55 Bn (Covid Lock-down)  

Its not sure why TYRE could not achieve much in Q1 20/21. Company like TKYO has done tremendously well under import restrictions and expected to do well in coming Quarters.   

As boasted by the news papers & media and with the restriction in place for tyre imports, Kelani Tyre has to record impressive results in Q2. If not that would be huge disappointment for the investors.


CEAT Kelani production surge boosts earnings of local rubber industry


http://bizenglish.adaderana.lk/ceat-kelani-production-surge-boosts-earnings-of-local-rubber-industry/



CEAT ramps up ‘2-wheeler’ tyre production by 85% in 3 months



https://island.lk/ceat-ramps-up-2-wheeler-tyre-production-by-85-in-3-months/



CEAT to develop local industry: Save Rs.11Bn in foreign exchange via import substitution



https://www.lankabusinessonline.com/ceat-to-develop-local-industry-save-rs-11bn-in-foreign-exchange-via-import-substitution/



Sri Lanka’s CEAT ups tyre output amid import controls, holds prices



https://economynext.com/sri-lankas-ceat-ups-tyre-output-amid-import-controls-holds-prices-74327/

2KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Thu Oct 15, 2020 7:30 pm

High-flyer

High-flyer
Equity Analytic
Equity Analytic
Extremely bullish trading pattern today specially towards market closure.

Today 3.6Mn share trade and closed at 89.90 up by 15.85%

Today Cash in (Buying) 226Mn and Cash out (Selling) only 82Mn


Past weeks Trading


KELANI TYRES PLC (TYRE.N0000) XBKa2vxHQUyueCeIhdywQSwlXohF0wAW6kXcsEEsJV62QcXBhW4H05p5aDE3U4u5IIJYCv1Qi6YALZSL+SCCWAr9UIumAC2ttYLgwrcD6e0thbfUSCTC+4pciEXTABbqRdywQSwlXohF0wAW6mXfXD5f+xApOEeWMXOAAAAAElFTkSuQmCC


Feel trading was based on either expectation on,

- Dividend announcement
- Exceptional financial results due to Import Restriction.

3KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Fri Oct 16, 2020 12:30 am

kadik


Manager - Equity Analytics
Manager - Equity Analytics
100 in no time

4KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Fri Oct 16, 2020 6:47 am

shan31


Senior Equity Analytic
Senior Equity Analytic
Good share backed with fundamentals and excellent business prospects due to import restrictions.

I was told some brokers have started promoting this share this week. Expectation is 100-110 in this rally. 

You can enter low below 90 and exit when you feel profit is enough without being too greedy.

judecroos likes this post

5KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Sat Oct 17, 2020 2:11 pm

High-flyer

High-flyer
Equity Analytic
Equity Analytic
Q2 2020 Results out. 

https://cdn.cse.lk/cmt/upload_report_file/673_1602844523782.pdf

It is a Stellar performance by TYRE.

Refer Last Year Vs This year performance.

KELANI TYRES PLC (TYRE.N0000) Rxumgzfu7AAAAAABJRU5ErkJggg==

- Revenue has been increased by 50% against Last year average.
- Gross Profit has increased by 112% and now GP Margin is 36% compare to 25% Last year.
- Sales / Manufacturing volume has shot up 45% against Last year average.
- NP has increased 198%.

With the Current Imports restriction is still in place for Tyres, Q3 results will be no difference to this.

6KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Sat Oct 17, 2020 2:59 pm

praveen11


Stock Analytic
Stock Analytic
What is the expected target price for TYRE?

7KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Sat Oct 17, 2020 3:15 pm

DKbogols


Equity Analytic
Equity Analytic
Based on recent earnings 130 should be the fair value considering 10x PE and 3x PBV

8KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Sat Oct 17, 2020 3:46 pm

Win Win


Manager - Equity Analytics
Manager - Equity Analytics
As per the my calculation, PER of TYRE is 5.3 based on estimated earning in 2020/21 and current market price.
The target price will be within the range of Rs.104-110.




Disclosure : I am not holding TYRE shares as at 17th Oct 20
             Categorize as Moderate return investment compared to high return expectations such as DIPD, HAYC,TKYO, CIND, BPPL 

9KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Sat Oct 17, 2020 6:06 pm

kadik


Manager - Equity Analytics
Manager - Equity Analytics
My target is 120 next week

10KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Mon Oct 19, 2020 12:44 pm

invest thinker


Senior Equity Analytic
Senior Equity Analytic
see TYRE Revenue.. declined and operation loss .. what happen tyre?? i really.. dont know. profit trough share of result JV

11KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Mon Oct 19, 2020 12:53 pm

Chathur


Stock Analytic
Stock Analytic
tyre overvalue now.. just look

12KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Mon Oct 19, 2020 12:59 pm

invest thinker


Senior Equity Analytic
Senior Equity Analytic
YES.. I KNOW..  most brokers recommend TYRE. WHAT happened retailers who is bought @ 90 level.

13KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Mon Oct 19, 2020 1:03 pm

Chathur


Stock Analytic
Stock Analytic
Known people know the story. They still don't have the capacity to cater market.. specially some segments.. yes they increased production ,.. but share price increased abnormally.. not reasonable.. hence the price is overvalue compared to revenue and future prospects

geesura likes this post

14KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Mon Oct 19, 2020 1:10 pm

invest thinker


Senior Equity Analytic
Senior Equity Analytic
most of them thought high profit earning this quater. at last.. what happend. i earlier mentioned SIL, definitely they more profitable this qtr.

15KELANI TYRES PLC (TYRE.N0000) Empty Re: KELANI TYRES PLC (TYRE.N0000) on Mon Oct 19, 2020 1:57 pm

Junior investor


Manager - Equity Analytics
Manager - Equity Analytics
I went through earlier post and oh boy! 😃

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