The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Thread for News on CSE and SL Economy
JKH.N0000 EmptyToday at 11:29 am by yellow knife

» Men hired for sexual fantasy break into wrong house
JKH.N0000 EmptyToday at 10:41 am by Backstage

» Coronavirus Updates
JKH.N0000 EmptyToday at 7:44 am by The Invisible

» One of Trump's favorite pollsters shows his approval plummeting
JKH.N0000 EmptyYesterday at 10:08 pm by The Invisible

» AEL Access Engineering
JKH.N0000 EmptyYesterday at 9:59 pm by spw19721

» Grain Elevators
JKH.N0000 EmptyYesterday at 9:09 pm by The Invisible

» Gota's Era
JKH.N0000 EmptyYesterday at 9:02 pm by Backstage

» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
JKH.N0000 EmptyWed May 27, 2020 8:55 pm by කිත්සිරි ද සිල්වා

» Webinar this Sunday. 'Attractiveness and Opportunities in the CSE'.
JKH.N0000 EmptyTue May 26, 2020 9:56 pm by කිත්සිරි ද සිල්වා

» Central Bank expects V-shaped recovery amid pent-up demand
JKH.N0000 EmptyTue May 26, 2020 8:32 am by Backstage

» කොටස් වෙළෙඳපොළ ගනුදෙනු කාලය පස්වරු 2.30 දක්වා දීර්ඝ කෙරේ
JKH.N0000 EmptyMon May 25, 2020 5:43 pm by nirmal

» Access Engineering AEL Technical Analysis
JKH.N0000 EmptyMon May 25, 2020 4:44 pm by The Invisible

» Island-wide daytime curfews lifted from Tuesday – Presidential Secretariat
JKH.N0000 EmptyMon May 25, 2020 4:35 pm by The Invisible

» HNB.N0000 (Hatton National Bank PLC)
JKH.N0000 EmptyMon May 25, 2020 10:40 am by gosrilanka

» In the Meantime, Within Our Shores !
JKH.N0000 EmptySun May 24, 2020 10:27 pm by කිත්සිරි ද සිල්වා

» Webinar on economy in Sinhala. Today.
JKH.N0000 EmptySat May 23, 2020 4:53 pm by Backstage

» US Recovery? Some Americans Spent Stimulus Money on Toys While 4 Million Skipped Mortgage Payments
JKH.N0000 EmptySat May 23, 2020 8:01 am by The Invisible

» නොසන්සිඳෙන ආශාව!
JKH.N0000 EmptyFri May 22, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» Dividend Announcements
JKH.N0000 EmptyFri May 22, 2020 8:39 pm by spw19721

» ද ෆිනෑන්ස්‘ ව්‍යාපාර කටයුතු අද සිට හමාරයි
JKH.N0000 EmptyFri May 22, 2020 5:03 pm by nihal123

» Asia virus latest: cyclone prompts infection fears; Korea football row over sex dolls
JKH.N0000 EmptyFri May 22, 2020 7:09 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
JKH.N0000 EmptyFri May 22, 2020 5:42 am by NIRMALSG

» JKH.N0000
JKH.N0000 EmptyThu May 21, 2020 9:08 pm by The Invisible

» Thread for News on International Markets
JKH.N0000 EmptyThu May 21, 2020 4:53 pm by The Invisible

» Webinar on Capital market tomorrow 6pm
JKH.N0000 EmptyThu May 21, 2020 12:49 pm by කිත්සිරි ද සිල්වා

» New polls show trouble for Trump and Republicans in GOP strongholds
JKH.N0000 EmptyWed May 20, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» මහ මැතිවරණය ජුනි 20
JKH.N0000 EmptyWed May 20, 2020 9:16 pm by The Invisible

» NTB.N0000 (Nations Trust Bank PLC)
JKH.N0000 EmptyWed May 20, 2020 5:09 pm by The Invisible

» Ceylon Chamber proposes multi-sectoral approach for economic revival
JKH.N0000 EmptyWed May 20, 2020 4:22 pm by LSE

» ACL Cables
JKH.N0000 EmptyWed May 20, 2020 5:07 am by NIRMALSG

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
JKH.N0000 EmptyWed May 20, 2020 12:48 am by nihal123

» කොටස් වෙළෙඳපොළ අඛණ්ඩව 5 වන දිනයටත් ඉහළට. සියලු කොටස් ඒකක 94 කින් නගී
JKH.N0000 EmptyTue May 19, 2020 5:37 pm by The Invisible

» විදෙස් ආයෝජන
JKH.N0000 EmptyTue May 19, 2020 5:34 pm by nihal123

» RCL - Royal Ceramics
JKH.N0000 EmptyMon May 18, 2020 10:16 pm by The Invisible

» LDEV - Lankem Developments
JKH.N0000 EmptyMon May 18, 2020 10:09 pm by The Invisible

» Hayleys MGT
JKH.N0000 EmptyMon May 18, 2020 9:55 pm by The Invisible

» Tokyo Cement
JKH.N0000 EmptyMon May 18, 2020 9:49 pm by The Invisible

» COMB.N0000 (Commercial Bank of Ceylon PLC)
JKH.N0000 EmptyMon May 18, 2020 8:00 pm by pathfinder

» Sri Lanka Bonds Win Fans After Becoming Worst Performer in Asia
JKH.N0000 EmptyMon May 18, 2020 10:52 am by serene

» Record price for Ceylon Tea…
JKH.N0000 EmptySun May 17, 2020 10:22 am by The Invisible

» Sri Lanka tea prices soar despite COVID-19 disruptions
JKH.N0000 EmptySun May 17, 2020 10:20 am by The Invisible

» පසුගිය සතියේ දී කොටස් වෙළෙඳපොළෙන් රු. බිලියන 3.5 ක ශුද්ධ විදේශීය ගලා යාමක්
JKH.N0000 EmptySat May 16, 2020 4:45 pm by nihal123

» Am Sure He was Joking !
JKH.N0000 EmptySat May 16, 2020 3:31 pm by slstock

» Films - To Watch List
JKH.N0000 EmptyThu May 14, 2020 9:44 pm by nirmal

» කලකට පසු කොටස් වෙළෙඳපොළේ කැපී පෙනෙන වර්ධනයක්. 2018 නොවැම්බර් මාසයෙන් පසු සියලු කොටස් මිල දර්ශකයේ ඉහළම ප්‍රතිශතාත්මක වර්ධනය අද
JKH.N0000 EmptyWed May 13, 2020 6:38 pm by nihal123

» Caught in Providence
JKH.N0000 EmptyTue May 12, 2020 2:24 pm by කිත්සිරි ද සිල්වා

» Users Online
JKH.N0000 EmptyMon May 11, 2020 8:38 am by slstock

» RECOMMENCEMENT OF TRADING
JKH.N0000 EmptySat May 09, 2020 11:25 am by The Invisible

» Sri Lanka forex reserves drop US$353mn to US$7.2mn in April
JKH.N0000 EmptyFri May 08, 2020 1:55 pm by The Invisible

» අසිරිමත් තෙමගුලක් ඔබ සියලු දෙන හට
JKH.N0000 EmptyFri May 08, 2020 12:25 am by Afourer

May 2020
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930
31      

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

JKH.N0000

Go down

JKH.N0000 Empty JKH.N0000

Post by LSE on Tue Sep 26, 2017 11:10 am

Hi All,

Don't panic. Strong support ahead for JKH in between S2-S4 range. I expect JKH to be bounce back within this range. Next support levels for JKH will be,

S1 - 162.50
S2 - 161.33 ---(H1)
S3 - 160.75 ---(H2)
S4 - 160.17 ---(H3)
S5 - 158.42
S6 - 156.67


[You must be registered and logged in to see this link.]

[You must be registered and logged in to see this link.]

Thank You
study study study
LSE
LSE
Tech Contributor
Tech Contributor

Posts : 1247
Join date : 2014-06-04

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by LSE on Tue Sep 26, 2017 2:17 pm

Now 163.10 cheers cheers cheers

LSE wrote:Hi All,

Don't panic. Strong support ahead for JKH in between S2-S4 range. I expect JKH to be bounce back within this range. Next support levels for JKH will be,

S1 - 162.50
S2 - 161.33 ---(H1)
S3 - 160.75 ---(H2)
S4 - 160.17 ---(H3)
S5 - 158.42
S6 - 156.67


[You must be registered and logged in to see this link.]

[You must be registered and logged in to see this link.]

Thank You
study study study
LSE
LSE
Tech Contributor
Tech Contributor

Posts : 1247
Join date : 2014-06-04

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by Ethical Trader on Tue Sep 26, 2017 5:51 pm

Thanks LSE.
Ethical Trader
Ethical Trader
Top contributor
Top contributor

Posts : 5567
Join date : 2014-02-28

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by lanka on Wed Sep 27, 2017 9:17 am

Thank you, dear LSE

lanka

Posts : 613
Join date : 2014-11-26

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by LSE on Wed Sep 27, 2017 11:37 am

JKH is doing well at the moment. But selling pressure is still there at the moment. Once selling pressure is absorb JKH will start it's journey towards 170+

Next resistance levels will be,

R6 - 170.67
R5 - 168.92
R4 - 167.17
R3 - 166.00
R2 - 164.83 ---(H2)
R1 - 164.25 ---(H1)


H1 & H2 will be very critical. Need big volumes to break the next level. Keep watching. Will update you timely.

Thank You
study  study  study  

LSE wrote:Now 163.10  cheers  cheers  cheers

LSE wrote:Hi All,

Don't panic. Strong support ahead for JKH in between S2-S4 range. I expect JKH to be bounce back within this range. Next support levels for JKH will be,

S1 - 162.50
S2 - 161.33 ---(H1)
S3 - 160.75 ---(H2)
S4 - 160.17 ---(H3)
S5 - 158.42
S6 - 156.67


[You must be registered and logged in to see this link.]

[You must be registered and logged in to see this link.]

Thank You
study study study
LSE
LSE
Tech Contributor
Tech Contributor

Posts : 1247
Join date : 2014-06-04

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by The Invisible on Thu Nov 01, 2018 12:06 pm

JKH reaching overbought territory so fast. New comers better to stand back and watch. The people bout around 140/- or below should stay watching for that strategic deal to happen and then exit.

[You must be registered and logged in to see this link.]
The Invisible
The Invisible

Posts : 2135
Join date : 2016-11-28
Age : 40

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by කිත්සිරි ද සිල්වා on Thu Nov 01, 2018 2:00 pm

[You must be registered and logged in to see this link.]

_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 8474
Join date : 2014-02-23
Age : 62
Location : රජ්ගම

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by The Invisible on Fri Nov 09, 2018 10:25 am

JKH net up 37-pct in Sept

ECONOMYNEXT - Sri Lanka's John Keells Holdings Plc (JKH) net profits for the September quarter grew 37 percent from a year earlier to 5.1 billion rupees driven by stronger finance income and a tax reversal.

The firm reported earnings of 3.67 rupees per share for the quarter. For the 6-months to September, earnings were 5.25 rupees per share on total profits of 7.2 billion rupees , which were up 11 percent.

Revenue for the September quarter grew 10 percent from a year earlier to 32.6 billion rupees, cost of sales grew at a faster 17 percent to 26.4 billion rupees, and gross profits fell 13 percent to 6.2 billion rupees.

Selling and distribution expenses grew 66 percent to 1.7 billion rupees.

Finance income went up 39 percent to 3.5 billion rupees.

JKH received a tax reversal of 632.5 million rupees, compared to a tax expense of 941.4 million rupees last eyar.

Financial services contributed 1.9 billion rupees in profits to JKH in the September quarter, up 309.3 percent from a year earlier, despite revenue remaining flat at 2.5 billion rupees.

The boost came from the insurance arm Union Assurance, which received a 1.4 billion rupee tax benefit with the changes to the income tax law this April.

Transport segment profits were up 1.3 percent to 1.1 billion rupees, with revenue up 47.8 percent to 6.1 billion rupees.

While the bunkering business had greater volumes and improved margins, the container terminal in Colombo was affected with lower domestic container traffic, Chairman Susantha Ratnayake said.

Leisure sector profits fell 44.8 percent to 397.2 million rupees, on sales which fell 5.1 percent to 5.5 billion rupees.

"The decline in profitability is mainly attributable to the City Hotels sector, the partial closure of “Ellaidhoo Maldives” and the closure of “Cinnamon Hakuraa Huraa Maldives” for the reconstruction of the hotel." Ratnayake said.

Consumer foods profits fell 47.5 percent to 275.8 million rupees, with sales up 1.9 percent to 4.3 million rupees.

A sugar tax which depressed sales of soft drinks, and costs of setting up a new ice cream factory saw segment profits fall, Ratnayake said.

The retail segment, which operates Keells supermarkets fell to a 112.4 million rupee loss from a 354 million profit.

"The supermarkets business continued to record a growth in customer footfall which contributed towards modest same store sales, despite the subdued macro conditions which also resulted in a contraction in average basket values," Ratnayake said.

The supermarkets also went through a rebranding and refitting phase, adding to costs, he said.

Long-term borrowings grew to 19.7 billion rupees from 18.5 billion rupees, while short-term borrowings were up to 3.5 billion rupees from 3.1 billion rupees.

Long-term borrowings grew to 19.7 billion rupees from 18.5 billion rupees, while short-term borrowings were up to 3.5 billion rupees from 3.1 billion rupees. (Colombo/Nov11/2018)

ri Lanka's JKH profits up 37-pct in September with finance income, tax reversals

ECONOMYNEXT- Sri Lanka's John Keells Holdings Plc (JKH) net profits for the September quarter grew 37 percent from a year earlier to 5.1 billion rupees driven by stronger finance income and deferred tax reversal.

Earnings per share for the quarter were 3.67 rupees. Earnings per share for the first 6 months of the financial year grew to 5.25 rupees, from 4.73 rupees a year earlier. The JKH share was 142 rupees, down 2.1 percent on intra-day trading.

Revenue for the September quarter grew 10 percent from a year earlier to 32.6 billion rupees, while cost of sales were up 17 percent to 26.4 billion rupees, leading to gross profits falling 13 percent to 6.2 billion rupees.

Selling and distribution expenses grew 66 percent to 1.7 billion rupees. Ginance income went up 39 percent to 3.5 billion rupees.

JKH received a deferred tax reversal of 632.5 million rupees, compared to a tax expense of 941.4 million rupees.

The balance sheet expanded, with 341.6 billion rupees in total assets by end-September, up from 322.4 billion rupees at the start of the financial year.

Long-term borrowings grew to 19.7 billion rupees from 18.5 billion rupees, while short-term borrowings were up to 3.5 billion rupees from 3.1 billion rupees.

Financial services contributed 1.9 billion rupees in profits to JKH in the September quarter, up 309.3 percent from a year earlier, despite revenue remaining flat at 2.5 billion rupees.

The boost came from the insurance arm Union Assurance, which received a 1.4 billion rupee tax benefit with the changes to the income tax law this April.

Transport segment profits were up 1.3 perent to 1.1 billion rupees, with revenue up 47.8 percent to 6.1 billion rupees.

While the bunkering business had greater volumes and improved margins, the container terminal in Colombo was affected with lower domestic container traffic, Chairman Susantha Ratnayake said.

Leisure sector profits fell 44.8 percent to 397.2 million rupees, on sales which fell 5.1 percent to 5.5 billion rupees.

"The decline in profitability is mainly attributable to the City Hotels sector, the partial closure of “Ellaidhoo Maldives” and the closure of “Cinnamon Hakuraa Huraa Maldives” for the reconstruction of the hotel." Ratnayake said.

Consumer foods profits fell 47.5 percent to 275.8 million rupees, with sales up 1.9 percent to 4.3 million rupees.

A sugar tax which depressed sales of soft drinks, and costs of setting up a new ice cream factory saw segment profits fall, Ratnayake said.

The retail segment, which operates Keells supermarkets fell to a 112.4 million rupee loss from a 354 million profit.

"The supermarkets business continued to record a growth in customer footfall which contributed towards modest same store sales, despite the subdued macro conditions which also resulted in a contraction in average basket values," Ratnayake said.

The supermarkets also went through a rebranding and refitting phase, adding to costs, he said. (Colombo/Nov11/2018)
The Invisible
The Invisible

Posts : 2135
Join date : 2016-11-28
Age : 40

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by ruwan326 on Fri Nov 09, 2018 10:49 am

Harry, Captains up stakes in John Keells Holdings (JKH)-November 8, 2018

November 8, 2018 (LBO) – Colombo Stock Exchange market bellwether John Keells Holdings (JKH) reported its quarterly results last night, which included an update of its top 20 shareholder list. Notable trends included foreign selling and local buying.

In particular, Harry Jayawardena controlled Melstacorp upped its stake from 3.5% of the company to a 4% holding. The Captains also upped their stake to 17.5% from 16.6%. The bulk of the Captain’s holding is in the accounts of S.E. Captain and Paints and General Industries Ltd. It is possible that Jayawardena and the Captains have additional smaller holdings in JKH titled in other names that don’t appear in the top 20 shareholders list.

As of September 30, 2018, The Captains and Jayawardena together own at least 21.5% of the total outstanding shares of the company. It is likely that these holdings increased in October as there was significant local buying and foreign selling during the month.

After spiking to Rs155/share, the stock price of JKH as come back down to Rs142 in todays trading as Sri Lanka’s constitutional crisis continues to drag. Net asset value of the share at the end of the September quarter stood at Rs151/share.

Some analysts have speculated that if foreigners continue selling shares, that JKH will become vulnerable to a hostile takeover.

[You must be registered and logged in to see this link.]
ruwan326
ruwan326

Posts : 1604
Join date : 2016-09-29
Age : 42
Location : Horana

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by The Invisible on Fri Jul 26, 2019 5:31 am

JKH profits halve on finance costs, Easter bombings

ECONOMYNEXT- Net profits at John Keells Holdings, Sri Lanka's largest conglomerate, fell 54 percent to 994.3 million rupees from a year earlier, the firm said, with accounting changes to finance costs and lower revenue growth hitting the bottom line.




Earnings per share for the quarter was 75 cents. The firm's share closed at 151 rupees, down 80 cents on Thursday.




Revenue grew at a slower 5 percent to 31.7 billion rupees from a year earlier due to the hotel segment which suffered from low tourist arrivals following the Easter bombings, while cost of sales rose 8 percent to 26.5 billion rupees, leading to gross profits falling 8 percent to 5.2 billion rupees.




Finance costs grew 145 percent to 1.2 billion rupees.




John Keells Group Chairman Krishan Balendra said that the rise in finance costs was due to a change in accounting standards from LKAS 17 to SLFRS 16, which does not recognize operating leases.




"Under the adoption of SLFRS 16, the impact to the income statement is front-loaded due to the higher finance expense at the inception of the lease," he said.




The new standard affected the group's hotels in the Maldives and supermarkets, for which lands are leased.




Long-term borrowings of the group rose to 36.3 billion rupees in June from 21.2 billion rupees in March, while short term borrowings rose to 4.1 billion rupees from 3.2 billion rupees.




Meanwhile, finance income fell 25 percent to 2 billion rupees from a year earlier.




Short-term investment assets of the group fell to 38.5 billion rupees in June from 52.8 billion in March.




Tax expenses were down 33 percent to 457.4 million rupees.




The group's leisure operations recorded a revenue of 2.9 billion rupees, down from 4.4 billion rupees a year earlier, while losses after tax grew to 1 billion rupees from 278.4 million rupees.




"The decline in profitability is on account of the negative impacts to the Sri Lankan leisure business as a result of the Easter Sunday terror attacks in April 2019 which targeted several religious establishments and three city hotels including Cinnamon Grand Colombo," Balendra said.




"The growth momentum of arrivals is expected to recover to pre-incident levels in the next 9-12 months, as historically indicated by other travel destinations which have experienced similar terrorism incidents," he said.




The relaxation of travel advisories which were placed by key tourism markets and Sri Lanka being listed on top global travel publications is helping recovery, he said.




"We are encouraged that the forward bookings for the Group’s Sri Lankan resort hotels have witnessed an upward trend in recent weeks, reaching levels of approximately 75 per cent compared to the bookings received at the same time last year, indicating signs of recovery."




Two hotels, Hakuraa Hurra in the Maldives, and Cinnamon Bentota Beach which were closed for reconstruction will reopen in December 2019, he said.




Meanwhile, transportation segment revenue fell to 5.5 billion rupees in June from 5.6 billion rupees a year earlier, while profits after tax grew to 961.7 million rupees from 826 million rupees.




"Transportation recorded a strong performance in the Ports and Shipping business, South Asia Gateway Terminals (SAGT), driven by higher volumes and an improved volume mix," Balendra said.




Logistics throughput grew 30 percent, he said.




However, bunkering operations had suffered in May and June due to from fuel price variations between Colombo and Singapore, lowering volumes of bunkering fuel sold in Colombo, he said.




The retail segment revenue grew to 15.7 billion rupees from 13.1 billion rupees, while after tax profits fell to 141.6 million rupees from 170.5 million rupees, hit by finance costs under the new accounting standard for leases.




The customer's average basket value at Keells supermarkets had grown 1.6 percent, while customer footfall had grown 2 percent, contributing to a 3.6 percent rise in same-store sales Balendra said.




However, limited entry into malls due to security concerns following the bombins had led to lower sales at supermarkets inside malls.




Three new supermarkets were opened during the quarter, bringing the total to 98, while between 25 to 30 store openings are planned for the entire year, Balendra said.




The consumer foods segment, which produces processed foods, soft drinks and ice cream, posted sales of 4.5 billion rupees, which was a growth from 3.7 billion rupees, while profits grew to 406.6 million rupees from 231.5 million rupees.




Balendra said that higher demand for fruit juice, dairy, water, fizzy drinks and ice cream pushed the segment up, helped by the newly installed ice cream plant.




Revenue from the financial services segment fell marginally to 2.46 billion rupees from 2.52 billion rupees while after tax profits fell to 314.9 million rupees from 550 million rupees.




The profits at the group's insurance business Union Assurance had enjoyed a higher profit base a year earlier due to a one-off tax credit, Balendra said.




"Profitability of Nations Trust Bank was impacted by a decrease in the rate of loan growth and higher impairment charges due to the heightened credit risk from subdued macro-economic conditions," he said. (Colombo/Jul25/2019)
The Invisible
The Invisible

Posts : 2135
Join date : 2016-11-28
Age : 40

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by The Invisible on Sat Aug 10, 2019 11:38 am

JKH Technical Update

Though the company suffered in profitability in the June quarter the share price is seeing improving after slipping to 145/-. RSI is @ 58 well within neutral region. Still early stage to comment on a future move however the current market conditions which has a direct correlation to political developments can trickle down the impact into JKH directly as it is the largest stock in CSE.

If speculation on political front made to be realistic then the coming week will be very interesting to JKH.
The Invisible
The Invisible

Posts : 2135
Join date : 2016-11-28
Age : 40

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by The Invisible on Mon May 18, 2020 9:37 pm

From 160 to 80 within three months. Financials are distressed for now. The stock too. But looks like the technical bottom has been formed and bargain hunters approaching. If volumes increases then I think the price will adjust towards 100/-.

[You must be registered and logged in to see this link.]
The Invisible
The Invisible

Posts : 2135
Join date : 2016-11-28
Age : 40

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by The Invisible on Thu May 21, 2020 6:52 pm

Sri Lanka’s John Keells Holdings net up 18-pct in March

ECONOMYNEXT – Profits at Sri Lanka’s John Keells Holdings grew 18 percent to 3.7 billion rupees in the March 2020 quarter from a year earlier, interim accounts showed, with only a marginal impact from Coronavirus in the quarter.

The diversified group which has interests in property, container transshipment, hotels and fast moving consumer goods reported earnings of 3.18 rupees for the quarter.

In the year to March JKH reported earnings of 7.14 rupees, on total profits of 9.4 billion rupees, down 38 percent from a year earlier.

Total revenues grew 3 percent to 37.1 billon rupees, cost of sales grew 8 percent to 30 billion rupees and gross profits was down 14 percent to 7.0 billion rupees at group level.

JKH said bunkering profits grew with better margins. South Asia Gateway Terminals its container terminal became liable for tax.

Soft drinks and ice cream businesses had grown in January and February but curfews had hit sales in March.

“Both businesses recorded encouraging volume growth in the months of January and February, where volumes grew approximately 20%-30%, on average,” the firm said.

“However, the imposition of island-wide curfew due to the COVID-19 pandemic caused disruptions in sales in the last 2 weeks of March 2020, which is a peak sales month, resulting in a steep decline in volumes, thereby impacting overall volumes for the quarter.”

“The Supermarket business recorded a strong performance driven by a notable contribution from new outlets and growth in same store sales.

“Same store sales recorded an encouraging growth of 5.7 per cent in January and February 2020.


However, similar to the impacts in the Consumer Foods businesses, a steep decline in same store sales was recorded in March due to the imposition of curfew which resulted in outlets being closed during the latter half of March 2020. Consequently, same store sales for the quarter was 1.7 per cent.

Hotels which were recovering from a Easter Sunday attack in 2019 were again hit by the Coronavirus.

In property 19 units were sold in the Trizen apartment project before Coronavirus curfews led to a closure

Property projects had since resumed construction.

Unspecified administrative expenses rose 25 percent to 3.2 billion rupees.
Finance income was up 50 percent to 2.8 billion rupees. Fair value gains rose 77 percent to 573 million rupees.

Income taxes were down 26 percent to 1.2 billion rupees. (Colombo/Mar21/2020)
The Invisible
The Invisible

Posts : 2135
Join date : 2016-11-28
Age : 40

Back to top Go down

JKH.N0000 Empty Re: JKH.N0000

Post by The Invisible on Thu May 21, 2020 9:08 pm

Will the JKH result have some positive spin-off for tomorrow's trading. Anyway April - Jun 2020 quarter will be very bad for them and can be worse than the same quarter 2019 where hit on business this time will be much more greater than Easter Sunday bombings.
The Invisible
The Invisible

Posts : 2135
Join date : 2016-11-28
Age : 40

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum