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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

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
KFP.N0000(Keels Food Products PLC) EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
KFP.N0000(Keels Food Products PLC) EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
KFP.N0000(Keels Food Products PLC) EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
KFP.N0000(Keels Food Products PLC) EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
KFP.N0000(Keels Food Products PLC) EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
KFP.N0000(Keels Food Products PLC) EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
KFP.N0000(Keels Food Products PLC) EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
KFP.N0000(Keels Food Products PLC) EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
KFP.N0000(Keels Food Products PLC) EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
KFP.N0000(Keels Food Products PLC) EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
KFP.N0000(Keels Food Products PLC) EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
KFP.N0000(Keels Food Products PLC) EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
KFP.N0000(Keels Food Products PLC) EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
KFP.N0000(Keels Food Products PLC) EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
KFP.N0000(Keels Food Products PLC) EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
KFP.N0000(Keels Food Products PLC) EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
KFP.N0000(Keels Food Products PLC) EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
KFP.N0000(Keels Food Products PLC) EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
KFP.N0000(Keels Food Products PLC) EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
KFP.N0000(Keels Food Products PLC) EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
KFP.N0000(Keels Food Products PLC) EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
KFP.N0000(Keels Food Products PLC) EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
KFP.N0000(Keels Food Products PLC) EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
KFP.N0000(Keels Food Products PLC) EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
KFP.N0000(Keels Food Products PLC) EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
KFP.N0000(Keels Food Products PLC) EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
KFP.N0000(Keels Food Products PLC) EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
KFP.N0000(Keels Food Products PLC) EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
KFP.N0000(Keels Food Products PLC) EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
KFP.N0000(Keels Food Products PLC) EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
KFP.N0000(Keels Food Products PLC) EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
KFP.N0000(Keels Food Products PLC) EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
KFP.N0000(Keels Food Products PLC) EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
KFP.N0000(Keels Food Products PLC) EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
KFP.N0000(Keels Food Products PLC) EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
KFP.N0000(Keels Food Products PLC) EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
KFP.N0000(Keels Food Products PLC) EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
KFP.N0000(Keels Food Products PLC) EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
KFP.N0000(Keels Food Products PLC) EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
KFP.N0000(Keels Food Products PLC) EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
KFP.N0000(Keels Food Products PLC) EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
KFP.N0000(Keels Food Products PLC) EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
KFP.N0000(Keels Food Products PLC) EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
KFP.N0000(Keels Food Products PLC) EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
KFP.N0000(Keels Food Products PLC) EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
KFP.N0000(Keels Food Products PLC) EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
KFP.N0000(Keels Food Products PLC) EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
KFP.N0000(Keels Food Products PLC) EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
KFP.N0000(Keels Food Products PLC) EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
KFP.N0000(Keels Food Products PLC) EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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+10
The Invisible
pjrngroup
Rana
Danidu
Future123
guruji
lanka
dhanurrox
chutiputha
yellow knife
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    KFP.N0000(Keels Food Products PLC)

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    Post by yellow knife Fri Dec 11, 2015 5:13 pm

    Food and Beverage Industry had a very good time in past three quarters . One fascinating fact of Sri Lankan F&B industry its shares often remain over valued. Even during this down turn KFP price has reached Rs 199.30 as at 11th Dec 2015 where its price chart shows that there were many good years to collect this share at a better price . CCS, HARI, BFL, LION, Nestle, all remain very much over valued and KFP was within the reach during past past year.

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    Post by yellow knife Fri Dec 11, 2015 5:15 pm

    Revenue of the company was slowly growing and FMCG wave of this year will reflect positively in 2016.

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    Post by yellow knife Fri Dec 11, 2015 5:15 pm

    Company use to pay attractive dividends.. and can expect good dividends in next year as well

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    Post by yellow knife Fri Dec 11, 2015 5:20 pm

    2014 was a very good year to collect this share as it was trading below net asset value. F&B industry in Sri Lanka very rarely provide such opportunities where Market value is below net asset value..

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    Post by yellow knife Fri Dec 11, 2015 5:31 pm

    It seems our consumers drink more than eat. ( Just a comparison of FMCG figures than a real fact)

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    Post by yellow knife Fri Dec 11, 2015 5:32 pm

    The demand for processed meat seems to less than meat.


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    Post by yellow knife Fri Dec 11, 2015 5:38 pm

    Unlike some other industries like Motor vehicles, Food and Beverage is not volatile. The revenue is continoulsy inclining .

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    KFP.N0000(Keels Food Products PLC) Empty Re: KFP.N0000(Keels Food Products PLC)

    Post by chutiputha Fri Dec 11, 2015 9:07 pm

    Thank U Very Much for Sharing this Sir..+++++ for ur hard work..Smile
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    Post by dhanurrox Sat Dec 12, 2015 12:59 pm

    Yellow knife you can highlight CCS experience also.We'll see 300 from KFP next year.That's certain to me.
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    Post by lanka Tue Dec 15, 2015 8:26 am

    Thanks dear yk
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    Post by yellow knife Wed May 18, 2016 5:38 pm

    I received KFP annual report today. So I can include the charts with 2015/2016 figures.

    2015/16 was a very good year for the company.

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    Post by yellow knife Wed May 18, 2016 5:40 pm

    Company paid a dividend which was the highest in last ten years.

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     (Even though I quote Dividends from Annual report, I find the real dividends were slightly higher than mentioned above.)
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    Post by yellow knife Wed May 18, 2016 5:45 pm

    Debt to Equity ratio is taken down to low levels indicating the possibility of future dividends..

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    Post by yellow knife Wed May 18, 2016 5:47 pm

    When compared with Net Assets Value, the market value may be corrected in near future.


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    Post by yellow knife Wed May 18, 2016 5:49 pm

    Like to see the views of a technical analysis on Market Price. It seems it has grown than expected and awaiting a correction.

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    Post by yellow knife Wed May 18, 2016 5:50 pm

    Out of total revenue what has become net profit. This net profit margin is higher in Hydro Power projects and Palm Oil plantations. Yet in F&B it has taken a nominal value.

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    Post by guruji Wed May 18, 2016 5:57 pm

    You mean it is over valued counter to collect now plesse advice
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    Post by yellow knife Wed May 18, 2016 5:59 pm

    Keels Food to resume exports to India

    March Quarter Profit Down

    Leader in processed food manufacturing KFP, a unit of JKH is hoping to generate greater income from exporting its products in the 2016/17 financial year, as it plans to resume exports to India.

    India's regulations with regard to point of entry changed 2 years ago , hindering exports. Now these restrictions are relaxed thus enabling exports again to India possible.

    Efforts taken to export to India two years ago was unsuccessful due to certain non-tariff barriers relating to compliance procedures.

    However March to March quarter reports show slow down of revenue by 11% , probably reflecting slowdown in consumption.
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    Post by yellow knife Wed May 18, 2016 6:02 pm

    guruji wrote:You  mean  it  is  over  valued  counter  to  collect  now  plesse  advice


    EPS 13
    Net Assets 69
    Trading at 175.10

    Q to Q profit  drop 11%

    So its over valued. Yet listen to  experts....and this is just my view

    My view is different as I collect at low and hold. To me these prices are too high. However F&B shares often trade at higher PE ratios and there are foreign buyers who select F&B at high values. Further Indian export may add positive impact to the share price.


    Further dividend yield is attractive. 12/175= 6.8%
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    Post by Future123 Wed May 18, 2016 9:27 pm

    Thanks YK. What about the impact from VAT increase and NBT? Were they paying VAT and NBT before?

    Certainly the export to India is a boost to KFP. The best part is the dividend yield. Dividend grows every year and hence deserves to trade at higher PE.
    Eg: CCS, LLUB, NEST and CTC
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    KFP.N0000(Keels Food Products PLC) Empty Re: KFP.N0000(Keels Food Products PLC)

    Post by Danidu Wed May 18, 2016 11:37 pm

    Hello Yellow knife, Thank you for the above post.

    F&B sector PER is 18 and PBV is 4, when we look at PER of KFP is 13 and PBV is 2.5 which is lower than the sector and other good counter with D policy. it is performing well YoY, can expect same for future. Net Assets 69, because of the D/Y?

    Thanks.

    yellow knife wrote:
    guruji wrote:You  mean  it  is  over  valued  counter  to  collect  now  plesse  advice


    EPS 13
    Net Assets 69
    Trading at 175.10

    Q to Q profit  drop 11%

    So its over valued. Yet listen to  experts....and this is just my view

    My view is different as I collect at low and hold. To me these prices are too high. However F&B shares often trade at higher PE ratios and there are foreign buyers who select F&B at high values. Further Indian export may add positive impact to the share price.


    Further dividend yield is attractive. 12/175= 6.8%
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    KFP.N0000(Keels Food Products PLC) Empty Re: KFP.N0000(Keels Food Products PLC)

    Post by yellow knife Thu May 19, 2016 7:29 am

    Thanks Danidu...

    Yes F&B sector PE is always remaining higher. When we evaluate fundamentally with financial ratios no one can say its over valued.( except with Net Assets and why Net Assets grow slowly is as Danidu has explained above is due to paying higher dividends. )

    Yet this is my concern.

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    2015 was the year for F&B as government increased its expenditure by giving away amazing salary hikes and decreased its revenue by cutting taxes on commodities. This is due to the fact that the year was election based. Now government has to reverse its temporary merry measure. 2015 disposable income of the people was high. Once the tax is increased the disposable income will come down affecting F&B.

    2015/16 was the best revenue increased( against the previous year ) year for KFP. Will it repeat in 2016/17?

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    Regarding Indan factor.

    Yes exporting to India will be a booster for the revenue of KFP.

    However once I listenedd to Mr. Victor Hettigoda who described his failed attempt to export Siddalepa to India. It is not an easy task to export to India like importing from India. Let's see whether the policies of India has changed .


    Last edited by yellow knife on Thu May 19, 2016 3:54 pm; edited 1 time in total
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    KFP.N0000(Keels Food Products PLC) Empty Re: KFP.N0000(Keels Food Products PLC)

    Post by yellow knife Thu May 19, 2016 3:46 pm

    There are some similarities between BFL and KFP. Both are into Chicken though the latter is processed meat.

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    One lucky note as per KFP annual report is that Sri Lanka has achieved self-sufficiency in chicken in 2014 with negligible amount of imports.
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    Post by yellow knife Thu May 19, 2016 4:42 pm

    The Distribution channel of KFP is managed through loyal network of outlets where average length of relationship for the distributor is approximately 6 years  with over 265 having been engaged for more than 8 years. This supply chain managing has been helpful to reduce cost and the dealer network is precisely fitting to GDP contribution by provinces .

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    KFP.N0000(Keels Food Products PLC) Empty Re: KFP.N0000(Keels Food Products PLC)

    Post by Danidu Tue Jun 28, 2016 5:48 am

    Dear Yellow Knife and others,

    The KFP price has came down bit and what do you think about the price now? Can it go down more?

    Thank you in advance.

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