Is time for TYRE purchse?

[pri67ket]

Rubber price is low as we discussed in this forum.
They opened a factory in June.Radial tyre production increased in this financial quarter.
Last quarter 141M(Profit after tax) for 80M shares.
We can expect better profit this quarter.
Is it correct time to buy?

[First Guy]

This already came up to 70s from the 40s in rather quick time and now seems to be settling nicely here.

It looks to be a good long term stock. I hold TYRE.

Seems to be managed nicely with a decent dividend being given while most of the profit is retained for expansion.

[pathfinderTop contributor]

TYRE is getting ready for another run,I think it's time to enter now for short term players.
as shown in the chart, upper border of the channel is 95,
If results are good 95 is the short term target. 10 %

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[sereneTop contributor]

Thanks Path.

[Market loverTop contributor]

Tks path

[කිත්සිරි ද සිල්වාTop contributor]

Thanks everyone for the participation.
I was in and out of this and I think now it is time to settle in for long time.

[smallvilleTop contributor]

I feel it would come down to 82-84 before moving up..

[Jana1Top contributor]

I don't know about Tech position of Tyre. Rubber price has bottomed out. Now it is a time to collect some Rubber plantation counters. Dont expect anymore rubber price drop. Drama seems over. Now swinging time I guess.

[BackstageTop contributor]

I don't know about Tech position of Tyre. Rubber price has bottomed out. Now it is a time to collect some Rubber plantation counters. Dont expect anymore rubber price drop. Drama seems over. Now swinging time I guess.

+
Have the stockpiles reduced ?

[ruwan326]

CEAT launches new radial tyre range
Invests Rs. 350 million for production upgrade

28 July, 2019

CEAT has unveiled a new series of radial tyres in Sri Lanka following an investment of Rs. 350 million to upgrade the quality of a product category that had captured a dominant share of the market.

The improvements, achieved with the installation of new state-of-the-art machinery and the use of new compounds with advanced polymers and new tread patterns, translate to lower tyre noise and vibration and better handling with shorter braking times, a media release from the company stated.

The upgraded tyres have been independently tested and assigned an NVH (Noise, Vibration, Harshness) Index score of 7.5, certifying they are on par with two of the world’s top radial tyre brands, tyre dealers were told at a launch event in Colombo.

“This investment in product improvement is a demonstration of our commitment to our brand slogan – Never Stop Moving – and to the passenger car and SUV category where comfort and safety are key parameters,” CEAT Kelani Holdings Managing Director Ravi Dadlani said.

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[sereneTop contributor]

Tyre seems to be taking some good initatives recently.
Thanks Ruwa for sharing and bumping up old threads.