Plantation Sector Updates

shalika.56 wrote:Jan to Sep

So you mean YTD September YOY?

Thanks Shalika.
This quarter supposed to be better due to high yield and Dollar appreciation.
Do we have YoY comparison for 1st 6 months.That if January to June.

බැදුම්කර ඇලෝසියස් අප්පොච්චාට-පුතාට අක්කර 450ක රජයේ වතු යායක් පවරා දෙයි.. මසක කුලිය රුපියල් 18 (දහඅට)යි..
April 1, 2019 at 10:00 am | lanka C news [You must be registered and logged in to see this image.]
මහ බැංකු බැදුම්කර වංචාව සම්බන්ධයෙන් චෝදනා එල්ල වී ඇති පර්පෙච්චුවල් ට‍්‍රෂරීස් සමාගමේ සභාපති ජෙෆ්රි ඇලෝසියස්ට හා ඔහුගේ පුතු සමාගමේ හිමිකරු අර්ජුන් ඇලෝසියස්ට වත්මන් රජය විසින් අඩු බද්දට කඳපොල මහකුදුගල් තේ වතු යාය ලබා දී ඇති බවට වාර්තා පල වෙයි.
අක්කර 450ක වතු යායක් වූ මෙය මසකට රුපියල් 8000ක ඉතා අඩු මුදලකට තිස් වසරක කාලයක් සදහා පවරා දී ඇති බවද සදහන්ය. එනම් අක්කරයක් මසකට රුපියල් 18කටයි.
2015 වසරේදී වැවිලි කර්මාන්ත අමාත්‍යාංශය විසින් මෙම පවරා දීම සිදු කර ඇති බවත් ඒ අනුව 2045 දක්වා වතුයාය අලෝසිසියස් පාලනය යටතේ පවතිනු ඇති බවත් වාර්තාවේ දැක්වෙයි

8000 x 12 x 30 = 2880000

ඔන්න ගන්නවනම් බදු 

Exports to China from Sri Lanka reached a level of almost 12 million kilograms in 2019 from barely 2 million kilograms a decade ago.
[You must be registered and logged in to see this image.]


“Cost of producing a kilo of tea in Sri Lanka is amongst the highest in the world. Rising input costs, declining productivity, uneconomic age profile in tea bushes, and high social costs have led to declining profits,” Forbes and Walker’s report stated further.
“For long-term sustainability, the industry needs re-engineering to achieve global competitiveness.


Unlike in low grown sector where smallholders own their land freehold, there is heavy union and government interference in the larger plantations, which stops innovation or productivity gains, economic analysts say.

[You must be registered and logged in to see this link.]

Thanks YK.

Quite an upward movement in plantation stocks...

A sector which can be pushed so easily time to time.

Sri Lanka tea prices pick up

ECONOMYNEXT – Sri Lanka tea prices picked up in the final sale for July amid improved demand for Ex-Estate, while Low Grown teas saw good demand, brokers said. picked up in the final

Sri Lanka sold 6.1 million kilograms of tea, selling 0.9 million kilograms in Ex-Estate teas (teas sold while in the factory itself to retain quality) while selling 2.6 million kilograms in Low Grown (Leafy/Tippy) teas.

It was reported that 6.7 million kilograms of tea were sold in total at the auction held last week.

High Growns

Brokers said that Ex-estate teas saw improved demand, while Low Growns saw good demand in the auction held on 28th and 29th July.

Last week, the High Grown auction average was tea sale average of 534.03 rupees.
In BOP grades, Best westerns were irregular while a selection of improved below best teas gained by 20-30 rupees a kilogram.

BOP Nuwara Eliya’s recorded limited offerings this week. Uva’s went up by 20 rupees a kilogram while Uda Pussellawa prices were barely steady.

In BOPF grades, select Best Westerns picked up 20 rupees a kilogram while Below best brighter clean leaf types prices gainedup to 20 rupees, brokers said.

BOPF grade Nuwara Eliya’s were reportedly firm. Uda Pussellawa were irregular while Uva’s declined 20-30 rupees
Medium Growns

Last week, the Medium Grown auction average was 520.05rupees up 6.99 rupees from a week before.
Well-made OP/OPA’s gained by 10-20 rupees per kilogram. Others together with the teas at the lower end too were firm to marginally gaining.

BOP prices were irregular while BOPF grades were firm, tea brokers said.

Select Best FBOPs prices were irregular whilst others eased marginally owing to low quality.

Select best FF1’s prices eased as well. Others eased marginally as the sale progressed.

Low Growns

Last week the Low Grown tea sale average was 667.82 rupees up by just 59 cents from a week earlier.

Expensive BOP1 grades gained in price, while the others sold around the last sale’s prices.

Select best and best BOP’s maintained whereas cleaner below best and cleaner teas at the bottom were picked up in prices.

Better OPA’s were fully firm whilst others particularly the clean below best sorts gained 10- 20 rupees per kilogram. At the lower end cleaner types gained whilst others were fully firm.

Well made, very tippy FBOPF/FBOPF1teas attracted good demand while Bests and cleaner Below picked up selectively.
Select best and best FF1’s were firm to selectively dearer.

CTC

In CTC teas, high grown BP1s were irregular with some selected invoices gained and PF1s were lower were firm as the sale progressed.

Mid grown BP1 prices were irregularly while PF1 prices were barely steady, brokers said.






Low grown BP1s were fim and continued to sell at fairly attractive prices, brokers said. PF1s were firm and prices picked up along the aiction.

Crop

The Department of Meteorology predicts showers in the Western region in the week ahead with showers and thundershowers expected within a few areas in Uva province and the Sabaragamuwa region.

Western/Nuwara Eliya regions reported dull mornings and overcast evenings throughout the course of the week.
Uva/Udapussellawa regions reported bright mornings and overcast evenings during the week.

Low Growns in the Ruhuna and Sabaragamuwa regions reported bright mornings and dull evenings.

According to the Department of Meteorology, fairly heavy rainfall (above 75 mm) is expected in the Sabaragamuwa region during the week ahead.

The Western, Nuwara Eliya, Uva and Udapussellawa regions maintained the crop intake, whilst the Ruhuna and Sabaragamuwa regions showed a decrease. (Colombo/Aug10/2020)

Sri Lanka high grown teas see pick up

ECONOMYNEXT – Sri Lanka’s High Grown teas, the cheapest teas in the island, saw a slight pick up in the first sale in August amid fair demand while the more expensive Low Growns saw prices eased, brokers said.

Sri Lanka sold 6.95 million kilograms of tea, selling 0.9 million kilograms in Ex-Estate teas (teas sold while in the factory itself to retain quality) while selling 3.1 million kilograms in Low Grown (Leafy/Tippy) teas.

It was reported that 6.1 million kilograms of tea were sold in total at the auction held last week.

High Growns

Brokers said that Ex-estate teas saw fair demand at irregular levels, while Low Growns saw lower demand in a brief auction held on 11 and 12 August.

Last week, the High Grown auction average was tea sale average of 543.71rupees.

In BOP grades, Best westerns where quality was maintained, picked up by 10-20 rupees a kilogram while the others sold around last week’s levels.

Improved Below best BOP teas gained by 20 rupees per kilogram while plainer sorts were not steady.

BOP Nuwara Eliya’s were generally firm. A few select brighter Uva’s teas went up by 30-40 rupees a kilogram while Uda Pussellawa prices were lower by 10 rupees.

In BOPF grades, good quality Best Westerns were lower by 10 rupees a kilogram while Below best clean leaf teas gained by 10-20 per kilogram, brokers said.

BOPF grade Nuwara Eliya’s were reportedly firm. Uda Pussellawa were firm while Uva’s gained by 30-40 rupees a kilogram.

Medium Growns

Last week, the Medium Grown auction average was 541.60 rupees up 7.66 rupees from a week before.

Select best OP/OPA’s were firm on last, whilst others together with the teas in the lower end gained10-20 rupees a kilogram. BOP prices were generally firm while BOPF grades clean leaf coloury sorts weren’t steady, tea brokers said

Select Best FBOPs prices were down by 20-30 rupees whilst others firm to selectively making gains.

Select best FF1’s prices were marginally firm to making selective gains.

Low Growns

Last week the Low Grown tea sale average was 669.45 rupees down by 16.21 rupees from a week earlier.

A few select best BOP1’s maintained last week’s prices. Other high priced teas were lower following poor quality.

Select best and best BOP’s maintained whereas cleaner below best and cleaner teas at the bottom were picked up in prices.

Better OPA’s were barely steady. Others were fully firm to dearer. High priced OP’s were irregular

Well made, very tippy FBOPF/FBOPF1teas attracted good demand while Bests and cleaner Below picked up selectively.


Select best and best FF1’s were firm to selectively dearer.

CTC

In CTC teas, high grown BP1s were irregular while PF1s were not steady.

Mid grown BP1 prices were irregularly while PF1 prices sold around last auction’s levels brokers said.

Low grown BP1s were mostly firm and, brokers said. PF1s were firm to easing marginally as the sale progressed.

Crop

The Department of Meteorology predicts showers in the Nuwara Eliya and Western regions in the week ahead. Uva areas should expect showers/thundershowers are forecast in the evenings while Low grown areas too will receive showers.

Western/Nuwara Eliya regions reported dull mornings and evening showers throughout the week.


Uva region reported bright mornings and overcast evenings during the week while Udapussellawa areas reported clear mornings and evening showers.

Low Growns reported overcast mornings and evening showers during the week.

The Department of Meteorology predicts showers in the week ahead
The Western, Nuwara Eliya, Uva and Udapussellawa regions experienced a decrease in the crop intake, whilst selected estates in the Low Grown Region maintained. (Colombo/Aug17/2020)

How will affect the salary increment if proceed.

To me best plantations are MAL MASK MADU LDEV if the plantation run starts soon. MAL showed impressive June results. As LDEV in Hatton too, LDEV's Agarapathana should have done well too - in that case price would not stay at current 4.0 levels. A seller unloading frequently at 4.0 and that made LDEV stagnate.

MADU not impressive results despite higher revenue. Their Madulsima segment did well but Bogawanthalawa made losses. Higher costs than revenue in Boga segment brought down their profits, still profitable than 2019 though.

The tea prices are above 600 per KG in April-May period where all of them should have benefited due to high exposure to Tea.

smallville wrote:
To me best plantations are MAL MASK MADU LDEV if the plantation run starts soon. MAL showed impressive June results. As LDEV in Hatton too, LDEV's Agarapathana should have done well too - in that case price would not stay at current 4.0 levels. A seller unloading frequently at 4.0 and that made LDEV stagnate.

MADU not impressive results despite higher revenue. Their Madulsima segment did well but Bogawanthalawa made losses. Higher costs than revenue in Boga segment brought down their profits, still profitable than 2019 though.

The tea prices are above 600 per KG in April-May period where all of them should have benefited due to high exposure to Tea.

Thanks SV for your clarification

smallville wrote:
To me best plantations are MAL MASK MADU LDEV if the plantation run starts soon. MAL showed impressive June results. As LDEV in Hatton too, LDEV's Agarapathana should have done well too - in that case price would not stay at current 4.0 levels. A seller unloading frequently at 4.0 and that made LDEV stagnate.

MADU not impressive results despite higher revenue. Their Madulsima segment did well but Bogawanthalawa made losses. Higher costs than revenue in Boga segment brought down their profits, still profitable than 2019 though.

The tea prices are above 600 per KG in April-May period where all of them should have benefited due to high exposure to Tea.

Really happy to see smallville again in the forum.

This sector is active again but I see one director of one counter was selling off part of his holding as low as 8 something very recently.
And the same counter has just about to enter into the Teen figures.

KVAL, TPL & KGAL have some good values.

කිත්සිරි ද සිල්වා wrote:This sector is active again but I see one director of one counter was selling off part of his holding as low as 8 something very recently.
And the same counter has just about to enter into the Teen figures.

1) KOTA is played by Anushman Raja ( like he plays with CFLB , CIT/CFI and
many other companies).

KOTA is in a massive financial mess.
Recently they could not even honor their debentures properly.

This share was once Rs 170. 
Dropped to Rs 6 due to terrible managment  ( actually most of the companies  of that whole group are mismanaged).

These runs are manipulated.
If Sept results are not good, this will be overvalued on assets and earnings
 at the current price around Rs 12.
Talking about VALUE not price ( which could be manipulated)

2) Many ofthe Plantation shares are running on speculation.

3) BALA, MASK, MADU are also in massive financial messes.
Yesterter day all these were top gainers!!!
What a manipulated market!!

So many newbies have entered CSE and so many Youtube, whatsapp,
FB, and twitter accounts are created to make hey and use these gullible
newbies to pump and dump.


Warning to any reader who is keen to study about companies
without just chasing rallies for profit


1) If someone likes to study,  I have sometime ago ,  made a comprehensice posts on  KOTA itself on  "Slstockviews"  Facebook page giving  detaits to show  how a  once propserous plantatin company  can be mismanaged  to make it come from Rs 170 to Rs 6  !

2) Also made a post on Plantations on  the same FB page yesterday mentioning KVAL specifically.

Today KVAL  ran to Rs 88 and came down due to red market  and selling..
Seems Rs 83 is bit of resistance now. Best to watch tomorrow if  plantation run if over or not to know it short term direction.


~~~~~~

Yes TPL , KVAL AND KGAL has some vlaue.
But TPL has doubled in price already.

KGAL needs to get their act together for Sept
quarter to justify price ( June was not great)

Crop shortfall boosts tea sale average by Rs. 85.16 per kilo
Friday, 6 November 2020 00:16 -      - 269
PinterestFacebookMore4
In the backdrop of a sharp decline in production, the National Sales Average of tea at the Colombo auctions in the first 10 months has increased by Rs. 85.16 to Rs. 623.35 per kilo from a year earlier.  

Forbes and Walker Tea Brokers said national average for the month of October 2020 totalled Rs. 643.70 ($ 3.51) vis-à-vis Rs. 619.33 ($ 3.38) of September 2020, showing an increase of Rs. 24.37 month on month.

However, in comparison to October 2019 average of Rs. 525.43 ($ 2.92), shows a significant increase of Rs. 118.27 ($ 0.59) YOY. When analysing the respective elevational averages for the month of October, High Growns, totalling Rs. 600.40 ($ 3.27) for October 2020, have recorded an increase of Rs. 44.42 month on month vis-à-vis Rs. 555.98 ($ 3.03) in September 2020.

When compared to October 2019 average of Rs. 477.59 ($ 2.66), a fairly significant increase of Rs. 122.81 is recorded YOY.

Mediums, averaging Rs. 568.14 ($ 3.10) for October 2020, have recorded an increase of Rs. 30.10 vis-à-vis Rs. 538.04 ($ 2.93) of September 2020. When compared to October 2019 average of Rs. 438.32 ($ 2.44), shows a substantial increase of Rs. 129.82 YOY.

Low Growns, totalling Rs. 678.26 ($ 3.70) for October 2020, recorded an increase of Rs. 16.65 vis-à-vis Rs. 661.61 ($ 3.61) of September 2020. Here again, the average shows a significant increase of Rs. 116.36 YOY when compared to Rs. 561.90 ($ 3.13) of October 2019.

When analysing the January-October 2020 cumulative national average of Rs. 625.35 ($ 3.41), an increase of Rs. 85.16 ($ 0.37) is recorded vis-à-vis Rs. 540.19 ($ 3.04) of January-October 2019.

High Growns for the period January-October 2020 of Rs. 571.71 ($ 3.11) have shown an increase of Rs. 67.84 vis-à-vis Rs. 503.86 ($ 2.84) of January-October 2019. Mediums averaging Rs. 548.85 ($ 2.99) have shown an increase of Rs. 83.26 vis-à-vis Rs. 465.59 ($ 2.62) of January-October 2019. Meanwhile, Low Growns totalling Rs. 667.01 ($ 3.63) for January-October 2020 have shown the highest increase of Rs. 95.23 vis-à-vis Rs. 571.78 ($ 3.22) of January-October 2019.

Talawakelle Tea Estates

TPL.N0000
Share Price 7 Day 1 Year  

59.3    -9.7% 21.1%  


 
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2022 results:

EPS: LK₨1.20 (down from LK₨3.82 in 3Q 2021).

Revenue: LK₨903.9m (down 14% from 3Q 2021).

Net income: LK₨57.0m (down 69% from 3Q 2021).

Profit margin: 6.3% (down from 17% in 3Q 2021). 
The decrease in margin was driven by lower revenue.

Revenue was in line with analyst estimates.

Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.

Talawakelle Tea Estates
TPL.N0000

Share Price 7 Day 1 Year  

52.2       -20.4% 9.7%  
 
Investor sentiment deteriorated over the past week

After last week's 20% share price decline to LK₨52.20, the stock trades at a trailing P/E ratio of 4.6x.

The average trailing P/E is 10x in the Food industry in Sri Lanka.

Total returns to shareholders of 154% over the past three years.