Blue Chip Companies

raa wrote:I don't recognize VONE and SHL as diversifieds...

If people and banks gave me billions of rupees to buy interests in other companies, then I could also be a diversified.

VONE is more a holding company with only one organic venture; "greener waters" - the subsidiary that is building that big hotel in Negombo.

You can't compare it to JKH, SPEN, HAYL, HHL, and EXPO which have built businesses ground up, started new joint ventures and taken over companies... VONE is an investment holding company at best..showing associated pofits. And what have poor shareholders got for investing in Vone? Dividend? Capital Gain?...nonsense...

LOLC is a good bet on being a proper diversified company. They already moved to become an investment holding company. They are extremely cash rich and operate profitable businesses. I'm sad that with all those profits, no dividends or returns to shareholders except a stock split... So its hard to recognise them as well until they become investor friendly.

ccsentha wrote:What would you consider as an emerging blue chip company? In other words which companies could be come the next JKB? could it be FLCH or PAP or VONE??

Investing in blue chip companies is easy, but finding the future blue chip could be a bit tricky

ccsentha wrote:What are the blue chip companies in CSE?

Dileepa wrote:

ccsentha wrote:What are the blue chip companies in CSE?

All 25 companies in MPI are considered blue chips and this list is updated quarterly.
Go to CSE -> Listed companies -> Sectors -> Select MPI

Whitebull wrote:

Dileepa wrote:

ccsentha wrote:What are the blue chip companies in CSE?

All 25 companies in MPI are considered blue chips and this list is updated quarterly.
Go to CSE -> Listed companies -> Sectors -> Select MPI

I do not think so.If it is true GREG is also a blue chip

Dileepa wrote:

Whitebull wrote:

Dileepa wrote:

ccsentha wrote:What are the blue chip companies in CSE?

All 25 companies in MPI are considered blue chips and this list is updated quarterly.
Go to CSE -> Listed companies -> Sectors -> Select MPI

I do not think so.If it is true GREG is also a blue chip

Yes GREG is a blue chip, apparently it is the best company in Investment Trust sector.
If you are not considering the sectors, then ‘Asia Wealth Research’s Billion Rupee Club' is your next choice.
This list also update on quarterly basis. Look Asia Sec. Weekly review for the list.

Definition of 'Blue Chip'
A nationally recognized, well-established and financially sound company. Blue chips generally sell high-quality, widely accepted products and services. Blue chip companies are known to weather downturns and operate profitably in the face of adverse economic conditions, which helps to contribute to their long record of stable and reliable growth.

Investopedia explains 'Blue Chip'
The name "blue chip" came about because in the game of poker the blue chips have the highest value.

Blue chip stocks are seen as a less volatile investment than owning shares in companies without blue chip status because blue chips have an institutional status in the economy. Investors may buy blue chip companies to provide steady growth in their portfolios. The stock price of a blue chip usually closely follows the S&P 500.

Dileepa wrote:

ccsentha wrote:What are the blue chip companies in CSE?

All 25 companies in MPI are considered blue chips and this list is updated quarterly.
Go to CSE -> Listed companies -> Sectors -> Select MPI

ccsentha wrote:

Dileepa wrote:

ccsentha wrote:What are the blue chip companies in CSE?

All 25 companies in MPI are considered blue chips and this list is updated quarterly.
Go to CSE -> Listed companies -> Sectors -> Select MPI

Nop, not so. If you go by that VONE, FLCH are blue ships.

Mate would you call FLCH & VONE as blue chips? FLCH made loss the quarter before. They came public just an year ago.

Blu chip means companies which have proved that they make good profits even in difficult times. these companies have a good track record. They are proven material.

VONE began their business very recently and flch little while back.

Market Sucker wrote:why they buying?

how can JKH be justified at 240???

and many more getting overvalued as i feel.

Antonym wrote:

Market Sucker wrote:why they buying?

how can JKH be justified at 240???

and many more getting overvalued as i feel.

The overall market is trading at a P/E Ratio of 11.4.

John Keells Holdings (JKH), the foreign investor's favorite company, is trading at a P/E Ratio of 18.4...
Surely the 61% premium is justified due to the company's growth potential and the share's liquidity..? Or is it?

rainmaker wrote:I would watch this fund carefully.

Look at the lankan composition of the fund

http://www.ruffer.co.uk/cmsfiles/reports/RPF_Monthly_report.pdf