CINV NAV for 31 Dec 2020 will likely be Rs 145+ and is currently trading at Rs 90 approx.
CINV has a super quarter due to both it's investments channels being very fruitful.
1. Investments in Palm Oil (Equity Accounted Investee) - Price of Palm oil has skyrocketed for the last quarter by over 35%. Last Quarter it reported Rs 2.9B profit and I expect this to be Rs 4b this quarter.
Source : https://markets.businessinsider.com/commodities/palm-oil-price
2. Investments in listed equity in the Colombo Stock exchange has generated at least 20% returns as the index rose by 15% approx in the last quarter.
Usually WAPO - CINV - GUAR Financials are released at the same time. However, CINV and GUAR were not realeased today despite WAPo being published. CINV parent GUAR will also benefit from this super performance.
Even If we forget about the returns earned by the company in 2021 the company has strong potential to earn given the prices of Palm Oil remains at these levels. I also expect a good dividend this quarter.
I am not disclosing a target price. Consider this as an investment idea - do your own research and set your own target price if you are to proceed.
Disclosure : I am holding CINV