HAYC - Haycarb
- The Invisible
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Join date : 2016-11-28
Age : 44
HAYC - Haycarb
ECONOMYNEXT - Sri Lankan coconut shell-based activated carbon maker Haycarb said net profit rose 56 percent to 203 million rupees in the September 2018 quarter from a year ago.
Quarterly earnings per share were 6.84 rupees, according to interim accounts filed with the stock exchange.
The share was last traded at 128 rupees.
Sales rose 22 percent to 4.7 billion rupees during the period.
EPS for the six months to September 2018 were 10.24 rupees with net profit up 28 percent to 304 million rupees and sales up 26 percent to almost nine billion rupees.
Haycarb Managing Director Rajitha Kariyawasan said sales grew with an increase in prices in response to the sharp increases in raw material costs.
“As the shortage and cost escalation of raw material, coconut charcoal, continued during the first half of the year in most of the supply locations, Haycarb focussed on its lean platform,” a statement said.
This targeted cost saving initiatives and process improvements to minimise price escalations to customers while protecting profitability of the group, which has factories in Sri Lanka, Thailand and Indonesia.
“Considerable success achieved from product development efforts to expand its value added product portfolio strongly contributed to the overall business performance,” the statement said.
“Though we are expecting improved coconut crop and charcoal availability in most of our locations in the 2019 coconut season, the company is expecting a challenging period due to the increased competition from key coconut carbon producing countries,” Kariyawasan said.
Haycarb’s strategy of broad basing the raw material supply network and support for environment friendly charcoaling methods under its “Haritha Angara” initiative contributed to the improvement of sustainable charcoal supply, he said.
This will be continued as a core supply chain strategy of the group.
Kariyawasan noted that Puritas (Pvt.) Ltd., the environmental engineering business, is expected to continue to be a key contributor to the group’s performance during the second half of the year.
Its business in water and waste water treatment systems in Sri Lanka and in the region is projected to grow.
(Colombo/Nov09/2018)
- xmartTop contributor
- Posts : 732
Join date : 2015-01-17
Re: HAYC - Haycarb
further, the mother company Hayleys would consider as the largest company who has invested in future.
- ruwan326
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Re: HAYC - Haycarb
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- pathfinderTop contributor
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Re: HAYC - Haycarb
- The Invisible
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Join date : 2016-11-28
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Re: HAYC - Haycarb
ECONOMYNEXT – Sri Lankan coconut shell-based activated carbon manufacturer Haycarb said net profit shot up 165 percent to 268 million rupees in the June 2019 quarter from a year ago on strong demand and growth in value added products.
Sales of the Hayleys group firm rose 24 percent to 5.3 billion rupees, interim accounts showed.
Haycarb reported earnings per share of 9.01 rupees in the June 2019 quarter. The share closed at 148 rupees, Wednesday, up 11.90 rupees or 8.7 percent.
“Strong demand in the activated carbon market and the growth in the value added carbon portfolio resulted in noteworthy growth in turnover and profitability,” Haycarb Managing Director Rajitha Kariyawasan said.
He noted that availability of raw material, coconut charcoal, in Indonesia and Sri Lanka continued to be stable during the first quarter.
However the effect of shortages and high cost of raw material impacted the Thailand operations negatively, a statement said.
Kariyawasan said the subsidiary Puritas has consolidated its position as a provider of water and waste water purification solutions in Sri Lanka and in the region.
In spite of challenges faced due to the adverse external economic environment in the markets that it operates, the environmental engineering arm is expected to contribute positively to the profitability of the group, he said.
(COLOMBO, 07 August 2019)
- Beta
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Re: HAYC - Haycarb
- pathfinderTop contributor
- Posts : 1450
Join date : 2014-02-23
Re: HAYC - Haycarb
serene wrote:
Badly Missed HAYC this time around 160s.
.
pathfinder wrote:One of the most undervalued share ATM
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Anyone bought ?
- sereneTop contributor
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Re: HAYC - Haycarb
- slstockVeteran
- Posts : 6216
Join date : 2014-06-12
Re: HAYC - Haycarb
I just wanted to mention some things so people will be aware on HAYC.
1) It is certainly a good performing, decent dividend paying
fundamental company. No question.
2) Their business might have some demand benefits during COVID19.
3) But Company had said their raw material , logistic and other costs might
go up due to lockdowns etc.
4) From memory, HAYC was trading in band between Rs 130-200
for many many years. Now it broke it. As it is rather a illiquid share
it can have some momentum.
But just note :
Even with a very good eps of Rs 50+, now ( At Rs 215) it is trading at
RELATIVELY higher fundamental values Compared to some of its peers .
What am saying is , during very bad times HAYC has out performed the
market already to trade at Rs 215.
So if anyone is chasing this higher and higher to buy, one need to be aware
of everything.
- sereneTop contributor
- Posts : 4850
Join date : 2014-02-26
Re: HAYC - Haycarb
Thanks for the advise.slstock wrote:Guys am not trying to be a party pooper.
I just wanted to mention some things so people will be aware on HAYC.
2) Their business might have some demand benefits during COVID19.
3) But Company had said their raw material , logistic and other costs might
go up due to lockdowns etc.
4) From memory, HAYC was trading in band between Rs 130-200
for many many years. Now it broke it. As it is rather a illiquid share
it can have some momentum.
But just note :
1) It is certainly a good performing, decent dividend paying
fundamental company. No question.
Even with a very good eps of Rs 50+, now ( At Rs 215) it is trading at
RELATIVELY higher fundamental values Compared to some of its peers .
What am saying is , during very bad times HAYC has out performed the
market already to trade at Rs 215.
So if anyone is chasing this higher and higher to buy, one need to be aware
of everything.
One plus point for them is good Dividend paying company.
- Rational Investor
- Posts : 47
Join date : 2020-05-12
Re: HAYC - Haycarb
- BackstageTop contributor
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Join date : 2014-02-24
Re: HAYC - Haycarb
Rational Investor wrote:I wish if HAYC can come back to 190/- to 195/- level before the next run
A livecat bounce ?
- Rational Investor
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Join date : 2020-05-12
Re: HAYC - Haycarb
Backstage wrote:Rational Investor wrote:I wish if HAYC can come back to 190/- to 195/- level before the next run
A livecat bounce ?
Yes , At least to Rs 200/- after looking at current RSI level.
- Rational Investor
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Join date : 2020-05-12
Re: HAYC - Haycarb
Rational Investor wrote:Backstage wrote:Rational Investor wrote:I wish if HAYC can come back to 190/- to 195/- level before the next run
A livecat bounce ?
Yes , At least to Rs 200/- after looking at current RSI level.
Few more bugs please.
- pathfinderTop contributor
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Join date : 2014-02-23
Re: HAYC - Haycarb
කිත්සිරි ද සිල්වා likes this post
- sereneTop contributor
- Posts : 4850
Join date : 2014-02-26
Re: HAYC - Haycarb
serene wrote:Berima thena gaththa @ 200 few shares hitha hada ganna.
Added some yesterday too.. seeing the volumes.
No luck even at a Mini collapse of COVID second wave to collect low.
These are the shares ( HAYC , REXP, APLA ..)should be split for the betterment of investors and CSE as a whole. But we only seeing shares like ASPH splitted. What a pity.
Beta and Wonderer like this post
- sereneTop contributor
- Posts : 4850
Join date : 2014-02-26
Re: HAYC - Haycarb
Revenue up by 5%
Cost Of Sales down by 9%
Gross Profit Up by 55%
PAT increase by 174%
EPS 23.07
Symply Phenomenal performance.
Share Price also soared to 290.
- Beta
- Posts : 24
Join date : 2014-09-29
Re: HAYC - Haycarb
so I think this quarter is better than last quarter.
3 months EPS is Rs. 23.00 ( 2019- 9.00 and 2018.- 3.40)
Annualized EPS should be more than 80.00
if PE is 5
valuation 5*80 = 400.00
we can expect more than 20.00 dividend also.....
කිත්සිරි ද සිල්වා likes this post
- subash
- Posts : 91
Join date : 2015-10-19
Re: HAYC - Haycarb
- subash
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Re: HAYC - Haycarb
- Wonderer
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Join date : 2020-08-10
Re: HAYC - Haycarb
subash wrote:Asia Securities target price is 500
Do you have the report for this TP? Would it be possible to share? Thanks
Re: HAYC - Haycarb
Some brokers may release it to the public for various reason maybe just an extract. If you are interested, please contact your investment advisor or look to open an account with such broking firms.
කිත්සිරි ද සිල්වා and Wonderer like this post
- subash
- Posts : 91
Join date : 2015-10-19
Re: HAYC - Haycarb
Asia target was 500
Quarter result superb
EPS 34.42
6 months 57+