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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Sunshine Holdings EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sunshine Holdings EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sunshine Holdings EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
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» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
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» SEYB.N0000 (Seylan Bank PLC)
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» The Korean Way !
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» In the Meantime Within Our Shores!
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» What is Known as Dementia?
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» SRI LANKA TELECOM PLC (SLTL.N0000)
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» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
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» Equinox ( වසන්ත විෂුවය ) !
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» COMB.N0000 (Commercial Bank of Ceylon PLC)
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» REXP.N0000 (Richard Pieris Exports PLC)
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» RICH.N0000 (Richard Pieris and Company PLC)
Sunshine Holdings EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
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» LAXAPANA BATTERIES PLC (LITE.N0000)
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» What a Bank Run ?
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» 104 Technical trading experiments by HUNTER
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» GLAS.N0000 (Piramal Glass Ceylon PLC)
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» Cboe Volatility Index
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» AHPL.N0000
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» TJL.N0000 (Tee Jey Lanka PLC.)
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» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
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» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
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» Bitcoin and Cryptocurrency
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» CSD.N0000 (Seylan Developments PLC)
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» PLC.N0000 (People's Leasing and Finance PLC)
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» Bakery Products ?
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» NTB.N0000 (Nations Trust Bank PLC)
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» Going South
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» When Seagulls Follow the Trawler
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» Re-activating
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Sunshine Holdings EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
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» APLA.N0000 (ACL Plastics PLC)
Sunshine Holdings EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
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» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» WATA - Watawala
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» KFP.N0000(Keels Food Products PLC)
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» Capital Trust Broker in difficulty?
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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
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» DV-2024 Program: Online Registration
Sunshine Holdings EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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2 posters

    Sunshine Holdings

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    Sunshine Holdings Empty Sunshine Holdings

    Post by The Invisible Mon Jul 29, 2019 3:04 pm

    Japan's SBI invests US2mn in Sunshine energy

    ECONOMYNEXT - SBI Ven Holdings (Pte) Ltd, a unit of SBI Holdings Inc or Japan has invested 2 million US dollars in Sri Lanka's Sunshine Energy (Pvt) Ltd taking a 30 percent stake.

    Commenting on their latest association with Japan’s financial giant,

    "At a time where the investor confidence and sentiment have been greatly affected, SBI VenHoldings’s investment on Sunshine Energy brings in vital foreign direct investments (FDI) to Sri Lanka when it is much needed in the market and the economy," Sunshine Holdings Group Managing Director Vish Govindasamy said.

    He said the investment will help the firm contribute to Sri Lanka's renewable energy targets.

    Sunshine group has built hydro and solar power capacity. (Colombo/July24/2019)
    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
    Join date : 2014-02-23
    Age : 66
    Location : රජ්ගම

    Sunshine Holdings Empty Re: Sunshine Holdings

    Post by කිත්සිරි ද සිල්වා Wed Jul 31, 2019 8:35 am

    Did anyone here get the HPL buyback cheque?
    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    Sunshine Holdings Empty Re: Sunshine Holdings

    Post by The Invisible Fri Aug 14, 2020 9:39 pm

    Daintee acquisition to boost Sunshine’s defensive cash flows: Fitch Ratings

    Aug 14, 2020 (LBO) – Sunshine Holdings PLC’s 100 percent acquisition of Sri Lanka-based confectionery maker Daintee Limited will increase the cash flow of the group’s fast-moving consumer goods (FMCG) segment, which is defensive in nature as the lower-priced goods are considered essential, Fitch Ratings says.

    “We believe the largely debt-funded acquisition will have no immediate impact on Sunshine’s rating as we expect its net leverage to remain comfortably below its negative sensitivity of 3.0x,” the Fitch Ratings said.

    Fitch believes the acquisition is in line with Sunshine’s strategy of restructuring its FMCG segment as a fully owned subsidiary to pursue its organic and inorganic expansion. The Daintee acquisition will help Sunshine to expand the product offerings under its FMCG segment, which was previously limited to branded tea retailing. Sunshine is the second-largest domestic packaged-tea retailer with product offerings across price points.

    Daintee holds 40 percent of the domestic confectionery market, which includes product segments such as hard-boiled candy and bubble gum, supported by a distribution network of 90,000 outlets focused mainly on the rural parts of Sri Lanka. Daintee has shown financial resilience over the years to regulatory changes such as indirect tax increases and rising raw-material prices.

    Sunshine believes it has the ability to use its well-established modern trade-channel partnerships and marketing team to gradually help Daintee transition into more premium product categories and diversify its key product offerings, which should help to increase Daintee’s market share and increase cash flows. Sunshine expects the integration process to take around 24 months. Fitch expects Sunshine’s FMCG EBIT contribution to increase to around 21 percent of proportionally consolidated group EBIT after the acquisition from an earlier forecast of 16 percent in the year ending 31 March 2021 (FY21).

    Sunshine agreed to fully acquire Daintee on 6 August 2020 for LKR1.7 billion, or an enterprise value/EBITDA multiple of 5.5x, a discount to the current trading average of around 7x for related companies listed in the food, beverage and tobacco section of the Colombo Stock Exchange. The required funds will be raised via its fully owned subsidiary, Watawala Tea Ceylon Limited, which will subsequently consolidate Daintee into the company.

    “We raised our forecast for Sunshine’s leverage, defined as net debt (including proportionate consolidation of Sunshine Wilmar Private Limited) to operating EBITDA, after the acquisition to around 1.2x in FY21, from our previous base-case assumption of 0.8x. Sunshine’s net leverage stood at 0.8x at FYE20.”

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    කිත්සිරි ද සිල්වා likes this post


      Current date/time is Sun Jul 14, 2024 8:07 pm