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කිත්සිරි ද සිල්වා
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CCS.N0000 ( Ceylon Cold Stores)
yellow knife- Top contributor
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Join date : 2014-03-27
Rana- Top contributor
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yellow knife- Top contributor
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Join date : 2014-03-27
Sugar Tax has hit carbonated beverages including Elephant house soft-drinks.
As per CCS reports, volume drop is as high as 21% during 3rd Q on YoY basis.
Sugar tax was imposed on carbonated beverages since Nov 2017. It increased the prices, and the label contained a mark showing the level of sugar.
Surprisingly sugar tax was only imposed on carbonated drinks, where even Milo or Nescafe also include a massive sugar content.
As per CCS reports, volume drop is as high as 21% during 3rd Q on YoY basis.
Sugar tax was imposed on carbonated beverages since Nov 2017. It increased the prices, and the label contained a mark showing the level of sugar.
Surprisingly sugar tax was only imposed on carbonated drinks, where even Milo or Nescafe also include a massive sugar content.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Thanks YK.
yellow knife wrote:Sugar Tax has hit carbonated beverages including Elephant house soft-drinks.
As per CCS reports, volume drop is as high as 21% during 3rd Q on YoY basis.
Sugar tax was imposed on carbonated beverages since Nov 2017. It increased the prices, and the label contained a mark showing the level of sugar.
Surprisingly sugar tax was only imposed on carbonated drinks, where even Milo or Nescafe also include a massive sugar content.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Staying focused,,,staying ahead... 2017/18
CCS has increased its revenue, despite many obstacles for FMCG sector.
However the bottom line was affected by these adverse conditions like imposing tax on sugar content as well as slowing of GDP growth.
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yellow knife- Top contributor
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Company declares dividends in proportionate to its Earnings...
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Last edited by yellow knife on Wed Jun 20, 2018 6:06 pm; edited 1 time in total
yellow knife- Top contributor
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yellow knife- Top contributor
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Join date : 2014-03-27
2011 was a bubble in CSE , yet very few companies share price surpassed this bubbled up price.
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The PE ratios clearly shows the speculative nature of market price in 2011 , and yet like many companies in FMCG sector the PE ratio is still at a higher value.
Top twenty list shows that foreign funds are interested in this company and in 2018 alone, BBH Emerging Asia Fund has collected few millions of shares.
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The PE ratios clearly shows the speculative nature of market price in 2011 , and yet like many companies in FMCG sector the PE ratio is still at a higher value.
Top twenty list shows that foreign funds are interested in this company and in 2018 alone, BBH Emerging Asia Fund has collected few millions of shares.
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yellow knife- Top contributor
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The Fund is expected to invest a substantial portion of its net assets in the emerging countries and markets in the Asian region, including but not limited to, Bangladesh, Cambodia, China (including Taiwan, but excluding Hong Kong), India, Indonesia, Laos, Malaysia, Mongolia, Myanmar, Pakistan, Papua New Guinea, Philippines, Sri Lanka, Thailand and Vietnam ("Emerging Asian Countries"). The Fund seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies, including balance sheet information; number of employees; size and stability of cash flow; management’s depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health
Inception Date
30 April 2013Fund Assets
$513.51 million (5/31/2018)The Fund is expected to invest a substantial portion of its net assets in the emerging countries and markets in the Asian region, including but not limited to, Bangladesh, Cambodia, China (including Taiwan, but excluding Hong Kong), India, Indonesia, Laos, Malaysia, Mongolia, Myanmar, Pakistan, Papua New Guinea, Philippines, Sri Lanka, Thailand and Vietnam ("Emerging Asian Countries"). The Fund seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies, including balance sheet information; number of employees; size and stability of cash flow; management’s depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health
yellow knife- Top contributor
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Soft drink sector has witnessed 16% decline in volumes due to excise duty imposed on sugar content of carbonated soft drinks in Nov 2017.
Even Frozen Confectionery sector records a drop of 3.6 in volumes.
Company is looking into add Zero Sugar products to match the regulatory requirements.
Even Frozen Confectionery sector records a drop of 3.6 in volumes.
Company is looking into add Zero Sugar products to match the regulatory requirements.
nihal123- Top contributor
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Thanks YK
pjrngroup- Posts : 444
Join date : 2015-11-01
Thanks YK for the update.
serene- Top contributor
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Thanks Yk.
Sold half of CcS speculating price drop due to unfavourable policy decisions.
But SP has been rock solid.
Sold half of CcS speculating price drop due to unfavourable policy decisions.
But SP has been rock solid.
කිත්සිරි ද සිල්වා- Top contributor
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Most manufacturers are deceiving their customers by playing with this factor.
They only talk about the Added Sugar % than the total composition %.
They only talk about the Added Sugar % than the total composition %.
yellow knife wrote:
Company is looking into add Zero Sugar products to match the regulatory requirements.
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
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Ethical Trader- Top contributor
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Join date : 2014-02-28
Sri Lanka is very slow in adopting such regulations such as sugar content declaration. Market will stabilize once the companies resort to low or no sugar products.
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
Protests as Sri Lanka cuts tax on sugary drinks
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This proposal if implemented as said will turn CCS financials and growth upside down. When this was introduced last year CCS profits plummeted dramatically. Now CCS is trading around 730/- and if this is confirmed ( will not cut back in case RW is back or someone else) there is a strong chance for CCS to move back towards 1,000/-.
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This proposal if implemented as said will turn CCS financials and growth upside down. When this was introduced last year CCS profits plummeted dramatically. Now CCS is trading around 730/- and if this is confirmed ( will not cut back in case RW is back or someone else) there is a strong chance for CCS to move back towards 1,000/-.
ruwan326- Posts : 1744
Join date : 2016-09-29
Age : 46
Location : Horana
Sri Lanka’s Elephant House 'sugar free' line scrapped
Jun 11, 2019
Sri Lanka's Ceylon Cold Stores, which operates the Elephant House food and beverage brand, scrapped its 'Go Sugar Free' soft drink line due to low consumer demand, the firm has said.
"The traction on the CSD (Carbonated Soft Drinks) “Go Sugar Free” variant introduced in 2018 was disappointing and as a result of the lack of consumer demand for sugar free CSD beverages in the Sri Lankan market, the Company withdrew the range," Ceylon Cold Stores shareholders in the annual report.
The 'Go Sugar Free' line was launched in April 2018, after Sri Lanka's elected ruling class, egged on by social engineering etatists tried to force unarmed citizens to dance to their tune by slapping a punitive tax on soft-drinks sweetened with natural sugar in 2017.
Sri Lanka also has high taxes on alcohol and beer.
Ceylon Cold Stores introduced sugar free versions of the existing beverages such as EGB, Necto, Cream Soda and Orange Crush.
The sugar free products contained Stevia, a plant-based sweetener.
The firm said the beverage sector volumes fell 16 percent due to an overall demand fall in discretionary food items, which was made worse with the sugar tax.
However, in 2019, the government revised the etatistic sugar tax to 40 cents per gram of sugar from the original 50 cents per gram, helping the beverage sector pick up.
"The industry welcomed rationalization of the sugar tax in the Government budget proposals for 2019 enabling the business to reduce prices of carbonated beverages towards the end of the financial year, which resulted in an uptick in volumes," the firm said.
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Jun 11, 2019
Sri Lanka's Ceylon Cold Stores, which operates the Elephant House food and beverage brand, scrapped its 'Go Sugar Free' soft drink line due to low consumer demand, the firm has said.
"The traction on the CSD (Carbonated Soft Drinks) “Go Sugar Free” variant introduced in 2018 was disappointing and as a result of the lack of consumer demand for sugar free CSD beverages in the Sri Lankan market, the Company withdrew the range," Ceylon Cold Stores shareholders in the annual report.
The 'Go Sugar Free' line was launched in April 2018, after Sri Lanka's elected ruling class, egged on by social engineering etatists tried to force unarmed citizens to dance to their tune by slapping a punitive tax on soft-drinks sweetened with natural sugar in 2017.
Sri Lanka also has high taxes on alcohol and beer.
Ceylon Cold Stores introduced sugar free versions of the existing beverages such as EGB, Necto, Cream Soda and Orange Crush.
The sugar free products contained Stevia, a plant-based sweetener.
The firm said the beverage sector volumes fell 16 percent due to an overall demand fall in discretionary food items, which was made worse with the sugar tax.
However, in 2019, the government revised the etatistic sugar tax to 40 cents per gram of sugar from the original 50 cents per gram, helping the beverage sector pick up.
"The industry welcomed rationalization of the sugar tax in the Government budget proposals for 2019 enabling the business to reduce prices of carbonated beverages towards the end of the financial year, which resulted in an uptick in volumes," the firm said.
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The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
CCS Update
Results for Apr - June quarter just around the corner. When I read through JKH press release I found that their beverage sector has done well YoY. So I went to CCS financials and found the below.
Apr - June 18 - 14bn revenue with a gross margin of 8.9% they have reported a PAT of 239mn
Jan-March 19 - 15.5bn revenue with a gross margin of 11.7% they have reported a PAT of 528mn. They have changed the accounting standard to SLFRS 16 for finance cost which has resulted to increase the finance cost by 10 fold but still they are marginally below the corresponding quarter PAT.
So then I have just work out what could be the likely scenario for Apr-Jun 19 result. Based on Jan-Mar 19 numbers they can generate a revenue about 16bn and with a similar GP margin they are in a good position to generate a PAT around 550-600mn so that will be more than 100% PAT growth YoY!!!!
Well then what the charts show to me. The price was largely below 600/- till the send week of July but suddenly jumped to 750/- by last week.
May be investors have seen the same picture what I have just saw and taking early positions. I am not sure whether the price can further move up or not but the quarter report will be very good YoY and the technical charts too showing bullish signs from 600/- mark.
Results for Apr - June quarter just around the corner. When I read through JKH press release I found that their beverage sector has done well YoY. So I went to CCS financials and found the below.
Apr - June 18 - 14bn revenue with a gross margin of 8.9% they have reported a PAT of 239mn
Jan-March 19 - 15.5bn revenue with a gross margin of 11.7% they have reported a PAT of 528mn. They have changed the accounting standard to SLFRS 16 for finance cost which has resulted to increase the finance cost by 10 fold but still they are marginally below the corresponding quarter PAT.
So then I have just work out what could be the likely scenario for Apr-Jun 19 result. Based on Jan-Mar 19 numbers they can generate a revenue about 16bn and with a similar GP margin they are in a good position to generate a PAT around 550-600mn so that will be more than 100% PAT growth YoY!!!!
Well then what the charts show to me. The price was largely below 600/- till the send week of July but suddenly jumped to 750/- by last week.
May be investors have seen the same picture what I have just saw and taking early positions. I am not sure whether the price can further move up or not but the quarter report will be very good YoY and the technical charts too showing bullish signs from 600/- mark.
karuna2- Posts : 12
Join date : 2019-01-20
මිල වැඩි බ්‍රෝ අල්ලන්න අමාරුයි
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
So CCS recorded a revenue of 16.7bn and a PAT of 412mn with a YoY increase of 72% though PAT is about 140mn short to my target. Anyway a good result.
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The Invisible- Posts : 3116
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Ceylon Cold Stores profits up 72-pct in June quarter
ECONOMYNEXT - Profits at Sri Lanka's Ceylon Cold Stores Plc, a consumer goods firm grew 72 percent to 412 million rupees in the June 2019 quarter from a year earlier, with sales and margin growth, interim accounts shows.
The firm reported earnings of 4.34 rupees per share for the quarter. The stock fell 15.70 rupees to close at 737.89 on June 30, after making strong recent gains.
The firm produces ice cream and beverages under its Elephant House brand.
"Consumer Foods witnessed growth on account of improved performance in the Beverages and Frozen Confectionery businesses driven by growth in volumes and improved profitability on account of higher margins," the firm said.
"Retail performance was driven by robust revenue growth in the Supermarkets business, supported by the rebranding initiative, expansion of outlets and a pickup in average basket values."
Revenues grew 20 percent to 16.73 billion rupees, cost of sales grew at a slower 15 percent to 14.58 billion rupees and gross profits grew a steep 67 percent to 2.1 billion rupees.
The consumer business had grown despite disruptions from Easter Sunday attacks, CCS parent John Keells Holdings had said earlier. (Colombo/July31/2019)
ECONOMYNEXT - Profits at Sri Lanka's Ceylon Cold Stores Plc, a consumer goods firm grew 72 percent to 412 million rupees in the June 2019 quarter from a year earlier, with sales and margin growth, interim accounts shows.
The firm reported earnings of 4.34 rupees per share for the quarter. The stock fell 15.70 rupees to close at 737.89 on June 30, after making strong recent gains.
The firm produces ice cream and beverages under its Elephant House brand.
"Consumer Foods witnessed growth on account of improved performance in the Beverages and Frozen Confectionery businesses driven by growth in volumes and improved profitability on account of higher margins," the firm said.
"Retail performance was driven by robust revenue growth in the Supermarkets business, supported by the rebranding initiative, expansion of outlets and a pickup in average basket values."
Revenues grew 20 percent to 16.73 billion rupees, cost of sales grew at a slower 15 percent to 14.58 billion rupees and gross profits grew a steep 67 percent to 2.1 billion rupees.
The consumer business had grown despite disruptions from Easter Sunday attacks, CCS parent John Keells Holdings had said earlier. (Colombo/July31/2019)
yellow knife- Top contributor
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I do not know whether following is true or not.. Yet I have heard that Underworld is active in Hanwella, Ranala and Jalthara area ...
[You must be registered and logged in to see this link.]ranjan wrote: says:
October 24, 2019 at 11:32 am
බීම ප්‍රවාහනය කරන ලොරි හා සේවකයන්ට සිය සේවයට පැමිණීම තහනම් කරමින් පාතාලයෙන් එල්ල කළ තර්ජන හේතුවෙන් කඩුවෙල රණාලේ පිහිටි අලියා බීම සමාගමේ ප්‍රධාන නිෂ්පාදනාගාරයේ කටයුතු ඊයේ (23 වැනිදා) නවත්වා දැමීමට ආයතන බලධාරීන්ට සිදුවී ඇත.මේ හේතුවෙන් ආයතනයේ බීම නිෂ්පාදනය කරන යන්ත්‍ර තුනෙන් දෙකක වැඩ හා අයිස්ක්‍රීම් නිෂ්පාදනය සම්පූර්ණයෙන් නවතා දැමූ බව සේවකයෝ පැවසූහ. මේ හේතුවෙන් ආයතනයේ රුපියල් කෝටි ගණනක නිෂ්පාදන කාර්යයන් ඇනහිට ඇත
dhanurrox- Posts : 791
Join date : 2014-03-27
Yes they are very active in that area.yellow knife wrote:I do not know whether following is true or not.. Yet I have heard that Underworld is active in Hanwella, Ranala and Jalthara area ...[You must be registered and logged in to see this link.]ranjan wrote: says:
October 24, 2019 at 11:32 am
බීම ප්‍රවාහනය කරන ලොරි හා සේවකයන්ට සිය සේවයට පැමිණීම තහනම් කරමින් පාතාලයෙන් එල්ල කළ තර්ජන හේතුවෙන් කඩුවෙල රණාලේ පිහිටි අලියා බීම සමාගමේ ප්‍රධාන නිෂ්පාදනාගාරයේ කටයුතු ඊයේ (23 වැනිදා) නවත්වා දැමීමට ආයතන බලධාරීන්ට සිදුවී ඇත.මේ හේතුවෙන් ආයතනයේ බීම නිෂ්පාදනය කරන යන්ත්‍ර තුනෙන් දෙකක වැඩ හා අයිස්ක්‍රීම් නිෂ්පාදනය සම්පූර්ණයෙන් නවතා දැමූ බව සේවකයෝ පැවසූහ. මේ හේතුවෙන් ආයතනයේ රුපියල් කෝටි ගණනක නිෂ්පාදන කාර්යයන් ඇනහිට ඇත
කිත්සිරි ද සිල්වා likes this post
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
Sri Lanka’s Ceylon Cold Stores loses Rs349mn on Coronavirus, revenues down 26-pct in June
ECONOMYNEXT – Sri Lanka’s Ceylon Cold Stores Plc, which runs a retail chain and makes fast moving consumer goods, lost 349 million rupees in the June 2020 quarter amid Coronavirus lockdowns, interim accounts showed.
Revenues were down 26 percent to 12.3 billion rupees, cost of sales were down 20 percent to 11.6 billion rupees, and gross profits were sharply down 65 percent to 753 million rupees.
Finance costs rose 12 percent to 495 million rupees.
Pre-tax losses were 498 million rupees for the June quarter, reversing from a 648 million rupee pre-tax profits last year.
Short term borrowings rose to 2.9 billion rupees from 1.54 billion rupees, while bank overdrafts fell to 8.8 billion rupees from 9.8 billion rupees. (Colombo/July24/2020)
ECONOMYNEXT – Sri Lanka’s Ceylon Cold Stores Plc, which runs a retail chain and makes fast moving consumer goods, lost 349 million rupees in the June 2020 quarter amid Coronavirus lockdowns, interim accounts showed.
Revenues were down 26 percent to 12.3 billion rupees, cost of sales were down 20 percent to 11.6 billion rupees, and gross profits were sharply down 65 percent to 753 million rupees.
Finance costs rose 12 percent to 495 million rupees.
Pre-tax losses were 498 million rupees for the June quarter, reversing from a 648 million rupee pre-tax profits last year.
Short term borrowings rose to 2.9 billion rupees from 1.54 billion rupees, while bank overdrafts fell to 8.8 billion rupees from 9.8 billion rupees. (Colombo/July24/2020)
Sri- Posts : 1
Join date : 2020-06-20
Very less active shares.. so we can't expect market to respond to this situation..
කිත්සිරි ද සිල්වා likes this post
» CCS.N0000 ( Ceylon Cold Stores)
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» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?