HR2302

HR2302 Updated 

Overview LDEV is the parent company of AGARAPATANA PLANTATIONS PLC (AGPL.N0000) and 98% of group revenue of LDEV is from AGPL. Strategy 1. Getting exposure to a probable interim dividend expected to be LKR 2.00. LDEV subsidiary AGPL declared an interim dividend of LKR 1.00 payable on 28th Oct. 2024 which will generate LKR 239M as net dividend (after tax)...

HR2302

Strategy 1. Portfolio alignment to the sectors that will benefit from the rapid economic recovery of Sri Lanka. 2. Benefit from the expected price recovery/breaking out from the 1-year consolidation range (bottoming out) after post IPO selloff. Most of the selling came from the account: Mr. O.E.H. Kalvo which had 19,800,000 shares as at 31st Dec. 2021 and are...

HR2302 Updated 

Strategy Recovery from Earnings Recession. - Strong recovery in earnings during Q4 - Q4 EPS LKR 0.54 - Forward 12M PE 2.17 - NAV LKR 9.60 (After adjusting close to LKR 1/share as currency loss (LKR appreciation/USD) - 52 W high/low LKR 6.90/LKR 4.00 - 1/5 Rights Issue concluded last week (Issue Price LKR 4) Technical Analysis (Chart Patterns) *...

HR2302

Strategy Price braking out from post rights consolidation. - CITH consolidated around LKR 4.10-4.30 with relatively very high volumes - Now breaking out from the consolidation area Technical Analysis (Chart Patterns) * Currently CITH is making a Reverse Head & Shoulder pattern break out with a re-test * Printed a 20/50 MA cross * On 20th June 2024 CITH...

HR2302 Updated 

Fundamentals NAV : 51.03 PBV : 0.68 DEC Q EPS : 1.33 = FWD 1Y EPS : 5.32 FWD PER : 6.5 CASH BALANCE : 1.2 B FREE CASH / SHARE : > LKR 8 Lowest valuation for any Hotel Share on CSE ( Colombo Stock Exchange

HR2302

Strategy Expected recovery in Garment & Textiles Industry & HELA's 180-degree turnaround strategy implementation - Cost Reductions - Capacity optimization (maintaining demand base capacity) - Benefits from acquiring of Focus Brands Limited Historical Facts * IPO Price - LKR 15.00 * IPO Debut price - LKR 22.00 * HELA got affected from garment industry...

HR2302 Updated 

Breaking 46 will make a C&H Break Out. Dividend Pending * Amount > LKR 5 (JINS can distribute tax free dividend received from CFVF.N0000) Profit Expectations * Earnings should be good. * Majority of BOND portfolio is classified under 'Financial Assets at Fair Value Through Profit or Loss'. Hence capital gains due to rate cuts will...

HR2302 Updated 

Fundamentals * Expected 12M EPS - LKR 1.20 * PE - 5.91 (@ LTP LKR 7.10) * NAV - LKR 8.36 * Expecting NAV YE March 2024 - LKR 8.76 * PBV - 0.81 * Free Cash/Share (Including Fixed Deposits) - > LKR 3.00 Fundamental Investment Thesis Summary * Sri Lanka had extremely high interest rates above 25% during 2022 & 2023 * Now fixed income rates had dropped below...

HR2302 Updated 

Fundamentals * 9M EPS LKR 1.53 * PE - 4 (@ LTP LKR 6.20) * NAV - LKR 9.65 * PBV - 0.64 * Largest shareholder of HNB Fundamental business outlook ** If ISB re-structuring achieved with no haircuts prompting HNB to reverse 100% provisions, a positive impact of LKR 1.23/share of BIL will occur. Technical Analysis (Chart Patterns) * With the breaking of...

HR2302

Fundamentals * LOFC Earnings & Net Assets were dropped due to the acquisition of Commercial Leasing and LOLC Development Finance under non-bank financial sector reforms in Sri Lanka. (Due to an accounting treatment - Merger Reserve of negative LKR 262.9 billion, not an operational loss) * With the economic recovery of Sri Lanka LOFC had reported 2 consecutive Qs...

HR2302

Colombo Stock Exchange (CSE) All Share Index (ASI) Movement after weekly MACD crossing Based on last 5 cycles Avg. Upside since weekly MACD crossing = 41.12% Avg. duration of upward move since weekly MACD crossing = 109.6 Days