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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


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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


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

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

Thank you, dear LSE

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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
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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


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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.

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

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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)
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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.

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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)
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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.
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