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» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyToday at 8:13 pm by Lee Goh

» Equation of Happiness Solved
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyToday at 5:23 pm by Backstage

» How to get Access to: 104 Technical trading experiments by HUNTER
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyToday at 4:19 pm by HUNTER

» තැරැව්කාර සමාගමකට එරෙහිව කොටස් වෙළෙඳපොළ විනය ක්‍රියාමාර්ග ගනී
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyToday at 12:31 pm by Rana

» Gota's Era
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyToday at 9:39 am by කිත්සිරි ද සිල්වා

» PABC.N0000 (Pan Asia Banking Corporation PLC)
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyYesterday at 6:41 pm by soileconomy

» East West properties
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyYesterday at 10:01 am by LSE

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptySun Dec 08, 2019 11:07 pm by spw19721

» MHDL Millennium Housing
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptySat Dec 07, 2019 12:35 pm by pure equity

» පොළී මුදලාලිලාට බලපත්‍ර ක්‍රමයක් හඳුන්වා දෙන්න තීරණයක්
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyFri Dec 06, 2019 11:33 pm by Backstage

» Dividend Announcement
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyFri Dec 06, 2019 10:10 pm by subash

» Colombo US Embassy Air Pollution
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyFri Dec 06, 2019 11:20 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyFri Dec 06, 2019 5:24 am by soileconomy

» SINHAPUTHRA FINANCE PLC (SFL.N0000)
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyThu Dec 05, 2019 9:26 pm by The Invisible

» Land & Property sector chart
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyThu Dec 05, 2019 6:27 am by dhanurrox

» සිමෙන්ති මිල පහළට
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyWed Dec 04, 2019 7:05 pm by nihal123

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyWed Dec 04, 2019 7:04 pm by nihal123

» පාස්කු ප්‍රහාරයෙන් පසු වැඩිම සංචාරක පැමිණීම නොවැම්බරයේ දී
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyWed Dec 04, 2019 7:02 pm by nihal123

» Flying is the Safest mode of Transport
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyWed Dec 04, 2019 10:37 am by කිත්සිරි ද සිල්වා

» OSEA .N
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Dec 03, 2019 3:36 pm by dakzsl

» LIOC.N0000 (Lanka IOC PLC)
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Dec 03, 2019 11:39 am by LSE

» Hayleys MGT
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Dec 03, 2019 10:10 am by The Invisible

» Sri Lanka insurer regulatory capital drop with new accounting rules
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Dec 03, 2019 9:19 am by The Invisible

» Thread for News on CSE and SL Economy
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Dec 03, 2019 9:18 am by The Invisible

» Lanka Tiles
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptySun Dec 01, 2019 8:43 pm by soileconomy

» ACL Cables
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyFri Nov 29, 2019 11:12 am by The Invisible

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyThu Nov 28, 2019 6:04 am by sureshot

» SEYB.N0000 ( SEYLAN BANK PLC )
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyThu Nov 28, 2019 4:17 am by soileconomy

» Thought for the day...
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Nov 26, 2019 7:40 pm by share1

» An Attitude Adjustment
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Nov 26, 2019 12:36 pm by Backstage

» මහ බැංකු අධිපති ධූරයෙන් ඉවත් වෙයි
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Nov 26, 2019 11:00 am by The Invisible

» Sri Lanka cement production picks up
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Nov 26, 2019 9:22 am by Topcat

» Thread for News on Local and Foreign Politics
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Nov 26, 2019 7:04 am by The Invisible

» SEC Chief says ready to hand over baton
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyMon Nov 25, 2019 8:12 pm by ruwan326

» Technology~විද්‍යාව ~ Wisdom
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyMon Nov 25, 2019 8:36 am by ruwan326

» The Theatre | Best movies to Watch
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptySun Nov 24, 2019 5:18 pm by spw19721

» SHL.N0000 (Softlogic Holdings PLC)
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptySun Nov 24, 2019 9:44 am by The Invisible

» An individual in pursuit of a porcupine found dead in a burrow
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyThu Nov 21, 2019 11:41 am by Backstage

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyThu Nov 21, 2019 7:51 am by ruwan326

» APLA.N0000 (ACL PLASTICS PLC)
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyWed Nov 20, 2019 11:03 pm by nesta

» භාරකාර ආණ්ඩුවක් හෙට
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyWed Nov 20, 2019 7:19 pm by nihal123

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyWed Nov 20, 2019 9:28 am by ruwan326

» මගේ කියවීම ...
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyWed Nov 20, 2019 8:28 am by yellow knife

» How the silence on this !
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyTue Nov 19, 2019 5:40 pm by Backstage

» ප්‍රතිඵලේ මොකක් උනත් ජ්යෝතිෂය සත්‍ය වෙන හැටි දැක්කද?
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyMon Nov 18, 2019 9:15 am by ruwan326

» ඇයි අප්සට් ද?
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptySat Nov 16, 2019 4:57 pm by chutiputha

» ගෝඨාට ඉල්ලන්න බෑලු
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptySat Nov 16, 2019 7:18 am by ruwan326

» සෞභාග්‍යතා දර්ශකයේ ඉහළ යාමක්
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyFri Nov 15, 2019 1:54 pm by nihal123

» Puolanka The most pessimistic town
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyFri Nov 15, 2019 1:14 pm by Backstage

» SAMP.N0000 (SAMPATH BANK PLC)
JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research EmptyThu Nov 14, 2019 5:13 am by NIRMALSG

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JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research

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JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research Empty JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research

Post by CSE.SAS on Fri Nov 06, 2015 10:56 am

Click the below link to download the Report of JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research

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Net earnings rose 31.1% YoY to c.LKR3.5 bn in 2QFY16 which is broadly in line with our forecasts. The profitability was backed by the healthy performance in Consumer Foods & retail (+111.9% YoY) and Transportation (+48.9% YoY) sectors. Moreover 2QFY16 revenue grew 5.4% YoY to LKR22.7 bn driven by Consumer Foods & retail (+23.8% YoY), Transportation (+14.6%), Information Technology (+12.5% YoY) and Leisure (+4.3% YoY) sectors.

Consumer, Leisure and Transportation sectors have been the largest contributors to the group’s net earnings whilst the Consumer foods & retail sector is continuing its growth trajectory. Thus acting as the main growth driver in the group given the expected rise in disposable incomes. Meanwhile the “Waterfront Project” in the heart of Colombo, which commenced construction and due to be completed within 4-5 years (phase I by FY19) would further strengthen JKH’s presence as a leading property developer. Ceylon Cold Stores (CCS:LKR397.0), John Keells PLC (JKL:LKR179.5), John Keells Properties and Waterfront Properties at a total estimated investment of USD820 mn. JKH together with CCS, JKL and JKP would hold 96% ownership in the project, which would add 800 hotel rooms, residential, commercial, convention and entertainment facilities. Transportation segment growth would be challenged by margin pressure on the bunkering business and SAGT losing business volumes to the new CICT terminal. The local resorts segment would face stiff competition in the future from informal mid to lower grade establishments (especially in the southern coast) through online bookings whilst city properties would be challenged due to increased room inventory. Nevertheless, we believe the Maldivian resorts would continue to strengthen JKH’s leisure segment.

The interim budget of the new government was presented to parliament on 29th January 2015 and as a revenue collection measure, all companies who earned profits in excess of LKR2.0 bn in 2013/14 were ordered to make a one off tax payment amounting to 25% of their FY14 earnings. Therefore according to the latest legislation on 30th of October 2015, JKH would see c.LKR1.34 bn been paid in FY16E as an additional one off tax payment in three equal installments. Also during the latter weeks of October 2015, the Sri Lankan parliament passed six bills including the one off special levy of LKR1.0 bn on existing casino operators, where we believe it implied a green light for JKH’s waterfront project to operate a casino inside their premises by allowing an existing casino operator to function. Thus, it would positively impact the project’s earnings streams in the future. However, on a recurring basis, we maintain our forecasts for FY16E with net profits at LKR13,581.0 mn (+11.3% YoY) taking into account the lagging Leisure sector with marginally growing City hotel arm, divestment of the General insurance sub-segment and the absence of revenues from “OnThree20”. Meanwhile we forecast FY17E earnings at LKR15,911.1 mn (up 17.2% YoY on a recurrent basis). Further considered for FY16/7E is the possible utilization of the rights issue cash reserves which would lead to lower interest income and the current low interest rate regime. Given the recent slide in the share, the stock currently trades on a valuation plane of 15.7x estimated FY16E recurrent net profit and 13.9x forecast FY17E recurrent net profit and derives PBV multiples of 1.4x and 1.2x for FY16E and FY17E. Therefore given the 7.5% upside potential on the stock to the SOTP value of LKR192.5, we maintain our recommendation on the stock as a Trading BUY.

CSE.SAS

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JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research Empty Re: JOHN KEELLS HOLDINGS (JKH.N : LKR179.0; JKH.W0023 : LKR35.70)------Softlogic Equity Research

Post by Leon on Fri Nov 06, 2015 6:27 pm

Thanks mate.+
Leon
Leon
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